Newspapers / The News & Observer … / July 8, 1909, edition 1 / Page 7
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1 ';V' . ' . ' ? ' ' v rv-,: -r. - - " " - ' .U- . r r, . f ; . v-: .;,v: .. . v ; THE NHW 8 AOl D;OB3X:itVEII, THUTIS DAY, JULY 8 . 1 DOU . . ,-tr. C. 7 rs V. 1, i : . 1. BDnOD.LfiiETr . TOOK II SLUL1P , . A; i. l Not Decline: of 18 to 23 Points REALIZING WAS HEAVY 4 IJerpooI tbl-H VVcro Disappointing nd VttJur Imports WeW, Easier. Market fjleaclied lowest Point- In Late TraiiwR Despite Report Jllgh tTempeyrtlBre ! Texas. :-Y . (njMHe Associated Press.) New. Yorkl July 7 There was heavy realizing- inf the cotton" market today and pr.'ces'r'f acted . !to a net decline i 18 to 23 5JiInt8 Pet. ' The i market -" . opened tany at' an advance -,jot 4 points on Ju'y. that month selling at 1 12.30. a netw high record ; for .the sea son, while flftter positions were 2 to 5 pofrH )owt)t;i In response, to somewhat disappointing XJverponl cables. Real , fixing . was; J promoted by favorable weather retorts and eas'er late cables from Liverpool, and with offering very heav prices; worked off to a net loss of .about 8 t 12 points during the early session with October selllns at 12.18.-(Instead of increasing, sell- ing order'; seemed to e. diminlsh-nic V on the decHne but a ra'ly to within two points of last night's close -dur- V Injrlthe mUldb? of the mornlnj; was v ' followed fc? a second break around ; ' midday on Si- he forecast Uip partly. ' I cloydy IweitVr In the .western belt and expectations of a bear'sh weekly report, which carried October off to V 12.14.' - A.seeond rally on covering by. early sellers, and continued support .7 from strong trade interests carried r October bark to 12.23 during tha 4 . early afternoon but a little later the , . market ajratn weakened. In spite of .'" renewed reports, of high temperatures ' In Texas, w'th the market reaching ; the lowest pint of the day In the late - tradin.'axid Vloslnp at practically that ..'.' level or around 12.I01 for CK,6ber. . Houthetn spot markets were generally 'steady and unchanged. The weekly . wetther report proved about a stand off. , At thf ''low point of this arter . 1 ; noon the market showed a eactln - of about 21 to 24 points from the.reo- s ord of the previous day.-- -:-'--$. Receipts iat the ports today 4.31 , hales against 7,169 last t week and . 4.126 last year, for the week 25,000 . ' bales aralnst ' 27,705 last week and 33,877- last '"year. Today's rcelpts at vOfew Orleans 818 .hales aga'nst 1.040 last year - and at Houston 7 balea fi gainst ' 1.85ft . last year. V t n , .' ICotton spot Closed euletten points lower; middling ' uolands 12.65 ; - mid--dlIng,gulf H.0; no ales.n v I ''Futures Opened steady, and 'closed barely steady,'- ' : - .-. V . . . ;.: 04to. High. IJbw. Close. July ! Aug. ' Sept. Oct. . 11. UO) 12.3012.06 12.04 12, ar 12.26' 12.00 12.01 '(-.' . -12 . 2 7 1 J; 0 f' 1 2. Q 12 27 12.28 12.10 12.10 Nov. ;.V. Jan. t . ' Feb. Mar... ... April . . May . . 12.2 i2.3x .12.30 612.26 I2i26 12.10 12.23 12.31 , . '.a 12.30' 12.14-12.16 IMi' 12.14 12.12-12.12 12.J6 12.35 11.19 12.16 : 1 New Orleans Cotton. ' New Orleans, La.. July 7. Cotton spot . quiet '; unchanged. Middling 12 '; 1-16.' ales, were 400 bales on the spot and none to arrive.' -4 . . Futures .opened steady 6 w . points below the close yesterdayy ; due '-"to" f bearish weather reports froro s Texas and uniavoraoie cables, 'vyitnout tne weather as. a bullish factor, an ad anfage which the bulls have had for some time, the market log? much of V ine strengin wnicn nas characterized , it for several weeks and this was 1 again the tendency, throughout the ' . entire day toward lower levels. ' The j v government weekly t weather report. which was announced shortly before " -the . noon hour, was somewhat more : bullish ,than: f had been expected, and light admnces were noted. The down- ward tendency of the market, how ever, could not be overcome and the gains f re soon wiped ovtl At the close, which, was steady, hi market was 19 to 22 points below the close yesterday. n-v -. -"J:-'- V. : Cotton futures closed steady.: Clos-,-ing: July 12.20; August 12.25;" Sep " tember October 12.12 ; Novem- ber 12.11; tiecember; 12.14; : January , Az.ia; Marcn-iz.li..' 1 r ' j RALEIGH SPOT COTTON. Receipts yeslfrdar Vv ...V'.;8 bales -.Quotation s ; ' Oood middling . . .. . . , .12 3-4 strict, middlings : I., 12 5-8 "Middling ,-.; ; 1 .-'.'',, v ..12 :i-2 Oft grades . . . . V v to. 11 1-2 isamo nar iat year. Receipt .&,' 4 ,-7 3 bales .:, QuotatlonH Oood middling -. Strict middling . ' Middling ''..';. ' v ill 3-4 .,11 8-8 . ' if;;.;.U 1-2 '. i.'.Mo 10 1-2 Other: Cotton Jfarketo. Forts Tona ,'Mld'Uni Receipts rert Uovsmantl Hslvewton . j WewOTlesnfcm J MotUs Hataanth,...4 CbarleatoouHM. WUnjintoxu Not j, baiUwtora.,... : Nt Yorlu. v. Iiostca ........ 4. i. hhlladelvhla steady' 1114 247 aia 148 303 steady, 12 I 1-4 firm 12 ?7 nom .-. tadyi.. . firm l tj nom V. 124 oulet I 12.4S '-' ; 148 sUadi, 12 80, 7 427 ;-r.33 H 118 3Jal3CTllllMti ."i ' rtorMormr . Boutoa . - AncPsta ... Ctelentt ! ' LoatovUi4 t.ady firm llrra , :.I2A .. 12 f; ' 12 ID! 84 1 : Msua noea ; ' . SttMjks and Bonds: " . .' '.i'.' Kew-York; July 7InVlts general L appearance the stock- market today ' was even, mere torpid 'than5) yesterday, .. . bat the actual transactions were siopiew 1 what more numerous. 1 The weakness ' was developed earlyjwjlth a more pro ; longed holiday, The later market , ( showed effects of relief afforded by this liquidation. ' The houses which did this selling ?from influential sources. J kondon Jolnbd In this selling, espec ; ially of U. 8 Steel. Foreigners showed , some renewal of uneasiness over the ; copper traa aiiuauon., , : Reports of rapidly expanding actlv Ity by the; electrical equipment com pany's big demand for, copper did not prevent a weak tone fpr capper In ln Hnstrlals. ' ' . ' .:-.' - VA sharp ' Upturn In i the "wheat foK towine reooits of heavy rains In the vreglon wher harvesting is In progress urrested i a fear 'that' the expected good effect .f tomorrow's government crop reDOn :wouiu uc. nvuusntcu . in Doth Routhern Pacific and Atchison were tho ubject of renewed rumors t ''" fl f f7 f f""""N 5 LULiLi.Li f 40 In. KJtsoii sliigle heater Breaker Iipper, with auto feeder. r . 40 in. P. & A. single beater Ureaker lapper, wltli opener and .3 .feeder.' ,-, !.. .- . '.40In P. '& A: twoi beater Intermediate Lopper. k" .v 40 in. Kitson two beater FlnLUirr Rapper. ' 40 In p. A. two beater Finlslier Uipper. ' 40 In. P. & a. Mingle beater Flnlslier Lapper. 40 In. IVttee Cards (12 In lot) Revolving Mat Topn. WHAT DO; YOU WANT TO BUY OU SELL? ': Your commands will be our pleasure. ' x GREENSBORO SUPPLY CO. ''',' ' 1pt "" GREENSBORO X. C of an intended dividend Increase. The money market remained easy in tone. Honda were irregular. Total nales (par value) $5,610,000. U. S. bonds were unchanged on call. : i y Total sales of stock today were 511,600 shares. STOCKS. AlUsChsi pfd- 12 A. m. Cop pr 81' Am. Atr , 48J4 Am. neettagar 433 Am. Can pfd 82 m.CarF. Vm.CoUSeedOtt. 7444 Vit.HWeAL.pr.. 4 IS merlcanlea. . 284 m.LlnseedOiL 17 Am. Locomotive, 0M Vm.S.AIlet.. 'WX dapreT. 1 1 176 VmJ3ug&rRrrl 2 714 m. Tel&Tel.-147 m.Tob.pfd.e. 1MM Via. Woolen. 244 Vnaern.Mln.Oo.. 48 vtcatnson 117W depret lt4J -aL . IZS'A 3.40. ...... .y.-. . daprsC: 9Vt Iowa Central 294 Kan.CSo.... 4t'4 o.pref 7ifc L.AN 149U Mlsn.ASt.S. 55 MLStPA3.S.UL.142i Missouri Hao.M .. 724 M.Ksn.ATexMr. 42)8 do.prer...L..M 72M Nat. Biscuit .105 NauonalLead.. gift NaUlys-Mexltt 54 N.Y.CentrL..l25i N.Y.OntAWett- 52 NiVi.tMi.fHiMi 88)4 NAmetlc&n..... 82 '4 Nor. Pc. 152)4 raclllcMali; 204 Penn-...-..187 leopls'taaMMM..ll4K l'.aC.iL.L 2'4 Pressteel par. 4244 full.PalaceCar.1 87)4 Rail Steel 8pr 4296 Readlnc...-.lt7)s RepubllcSteeL 21S I dUpreC-.-. ItiH BocklslaiidOo. 31)8 i dapref... 7l3fc St L. A San Fran- , : Beth, Steel.-. 2t srook.Rap.Trsu. 78)8 7anadlanPaoM..183)8 en.Leatherw. 8114 do.prsf.L.. 164!4 aruofN J-.. 28 ObeaUkOhlo 28 -Chi .Alton. I clseo2d.preMM. 47)& S.L.A3o.Wet ' 27)4 do.prsf, ,..!,... . C498 Sloss-Sheffeld 88 halHuu. U-..ll2f8 t do. preC .... ....185 SouthernBy.. 21 dapraf , , .; , , V88M Tean.Cop,. 27)4 Tsx-Pae-.-. 34 TUllAW. 46K depref ; .. cg4 X2.Q We tern tU micsxcviN.w-ira CW.M.ASUi. 16 4M OnCCMlLbt. L.V72 OokFnebklxoa-. 4 6 4 CoLSouthern-. 87 do.lstpref.i 82 -do.24.preU. ' 80U jonsoLQaaM.l48 ', OornPru. ,28 : Od.&Hurisotw-.lli'l OesJtRtoQnL... 471 do.pref..p.. 88 DUtuier'sSeo. 88 rnlonPadfle 1 MM I 4apref 164)4 UJ3.Realt7.. tt UJS.Rabber.. ; 28 grts- 26 Steel ,. ; 8 do,lttpTSr. 8244 dazd. prel .... 43,S Osn.EleotrleM.164 GtNor.Or.pfdI51?4 GtNcx. or etft 77 HLQen.,.-,,, , f.Ifg'4 IntMstropolir. 2691 .dapref ,, 8098 Int-Uarrester.J. 84 IntMarlns pfd 22 In 1 Paper. 10 i IntPampU 28 I dapref .I25j Tj tahOop,......,. 4354 Va.CaX'hexn.Oo 84 H Wabasha 4; 21 M ; dapref, , 83 West Mdi ';. 3?8 Wsstt'nouse&lJ. 36 WestPnlrtn , V,;. 714 WukLakeErt' 3 WlsoonstoCeau- 36)4 BtandardOU-. 384 B05D3. U JSjratz ret ltt4 doretXteoup-lllV U.3 reg . 1014 . da3seoup.Ml6l,4 da4arei 413 ' da 4.eoup.l20 . AlllsClial lstss 864 Japan 41 37 V4J5l- II KanC So litis-. 74)4 Lakeihors deb, ' j41331 O-.:' 3144 LMkN.Un.4s 189)4 Mo, Kan A Tex t Ht 4S...,,,.188 ''. J dogen4J4wl-r.r80 ' Mo Pac, 4Z.-15 AmerAgrL is .161)4 AmTel-TeJ ct6168!4 AauToa'ts 80'4 . Mats . .. ... .111)4 Arm. w 5!4 teh.Ken.4B.tSlM daCvfallfh daCvW , ,,:, 117 AX.I.4S , 85)4 9.AQ.4S .1 188)4 - do254 8252 BAOS.W.3J4s. 38J4 B.TXT.4S....... 36)4 CeoofGaSsUO OenLeatbr 9844 Cen.UK N. J.gen, , . , , 3S 138)4 Q.A0.4KS 18494 - do ref 5 10 96 CL3A.8)4s . . 74 aB AQ-Jt.4. 88)4 Nat HyofMls 8444 NTCengen3)iS 93 NTCen deb. 4-.t 85M N.YN.n.AUjut - -; i ford ev3s ,.m.:..1384 NAW 1st eon 4s' 8344 N.AW.ctv4. 389ft NorPacls U.it2 NorPadSiML. 76)4 Ore.a.L.4, "j ' , 86)8 PexuucCjJ4- t74 1 daCons.l94'4 Reading sen.4s1809t StLAFAs.. 87 8LL.ASW.ca4. 88)4 StASWlttgldL 735 3.A.t4s. . ; 34 v do sen 4s 163 ChL MUA fit P, . ' Boracolli . 83'4 Solac ! 4- 105'4 SaBwy la. , ;, 95 1 aaltUa ii)4 2 do gen 4 -U 823 rjnloul'aa 44194)4 ! dacT4fc. H19ft Union: Pao 1st " l and ref, 4 . 8644 UJ3.1lub gsLlfliU tyjUStee42d 3S. 1854( VaCarChemgs 3J4 Wabash IstSs. U11236 Wabash tit ex4 7431 WesUMid.fa.l. 86fe WestEle crfs. 34J4 Wto.C.4a-. ,9I'4 -cens)4. l OR.I.aPae4a 894 do Cot 8i... 8276 CCA 8t L 54-1114 CoLIn.3asar.A 73 0oLMld.4- 32 0oLASouth.4s. 83 D.AH.ST4H Defilistrfl mJmm t1 DenARlo0.4. 3874 DlstUlers Se' 7641 Blrla prior llaoia. 88' ; dagena. 78)4 Erleev4sser,AV87 o B" ... 77 ' Osa.E3eoeT6i.147 CID.A Q,-L D.AUo. Nat Uy Ms, XUCanuitt ref 4s ' 9 V. tntbM4J4. 1 86J3 IntMsreMarlas . ' -- ;71J4 do. Pao. i O New York Aloiier. '.New York,vJuly fj Prime Uijrean tile paper 3 1-204 per ; cent. Bterl- inr exchange weak with actual busi ness In-bankers' bilTs at . 4.86.550 4.26.60 for 60 day bills and at 4.87.25 for. demand. Commercial bills 48 1-2. Mexican dollars. 44; government bonds steady; money on call , easy, ' 1 1-24? 7-8 per cents rul ng rate 1 7.2: closing, bid 13-4: . offered at 1 7-8. Time loaas very soft And fairly active. 60 days 2 percent and 80 days 2 1-2 percent; six months. 3 1-4 3 - 1-2 per cent . New York Dry Goods. New York, July !7. The cotton goods market is strong with many advances being yarned., following the narp advance in cotton. Some of these were advances In ' wide sheet ings, brown cotton, four . byi four bleached' cotton. ietcv Advances of from 3 to 5 per cent have beert made In some of the standard lines of j knit ting goods opened for serins- If 10. Trade in men'a wear is lighter but a rair Business Is still , reported. Semi fancy lines for-pring will-be : opened .. i Vi i ' . mi : ,.v .v ,.'; Chicago Grain. : : Chicago. - July 7. Unfavorable weather forlharvestln- In this country prompted active buying of wheat on uie uoard of Trade today' which re suited In a recovery, xf a. l'jirrei part of the .loss sustained" durlntr the ore- vlous session, final quotations showing net, gains . of l 1-8 to. 1. 1-4. Corn Peas for Salo ! I have 100 bushels of nice Cornllehl Poft for s-tlp cheap. Write or 'phone, No. 83 Kal elgh and Interstate 'Plione. W. A. rJlYATT Corner Martin and Blount KtH. and oats also closed strong but pro visions were weak. ttl UClWi v tuning. LjOohi. GloaUig 11496296 114 ,11496344 108)45 18M 199)8 CTe96 6714471 64396 6293 ! 8498 47)aJ4 47)8 47? 412)8 41 4244 288 20.28 1 2828 2350 2-9 28.62) "I . Ii.7t)4 lt.78 ll.:74 11.70 11.73 I 1112)4 1112)4 ill., I IMS I 111S 11.17)4 Wheat: July Sent. Cohm July Sept. OAte July Sep. Pork: July Sept Lard: July Sept. Ribs: uly Sept, New York ProvlnlonH. 'ew York. July 7. Flour quiet. steady. Rye flour dull. ; Corn meal steady. Rye weak. Rye weak. " Barley weak. Wheat firm: No. 2ired. old. 1.45 in elevator and fob afloat. Options 11-8 to 1 l-4c. higher. September, 1.16,1-2;' December; 1.15 1-8; May. 1.17. . ' Corn firm; No. 2 old. 78 in elevator, Options net unchanged. July, "76; September, 72 1-4; December, 65 7-8 Oats weak; mixed. 56; nominal. Lard easy. --'.;, ; 'V Rye andmolasses steady. - Sugar raw, firm; fair refined. 3.400 3.45. . ,' -'( Coffee quiet:- Rio i No. 7. 7 5-8 7 3-4; Santos, No. 4.1 8c.: mild quiet; 1 Cordova. 1-2 12 1-2. ... utures . closed , steady, net un changed t 20 points higher. Butter steady, unchanged. Receipts 31,124. ; ; ; . Cheese . steady, , unchanged. Re celpts. 1S.516. -, . Eggs Steady; receipts. 32.734: State. Pennsylvania and' nearby fancy se lected .white, . 2 9 to 11; brown and mixed,, fancy,' 26 27. r Cotton; seed' oil waa : easier under continued absence of outside demand. local pear-, pressure and general con dltlons. v - '. , '. Poutoes steady; Southern, per bar rel,1.50 2.50; culls. 75c o 1.00. Cabbages easy; 4 nearby . fiat Dutch, per m, z.oo()4.50. &. reanuu unchanged: freights to Liverpool steady; grain by steam 13-4. f - - ' J : . Raltlmorr Grain. ; Baltimore, Md.. July 7.-r-Wheat. dull and easier: spot 1.17 1-2: ner south em by sample 31 to 1.16; do. southern op graae i. ik i-z to 1.17 1-2. . , Corn dull; spot 74 1-2, ; Oats easier; No. 2 mixed 66 1-2. Rye steady; No.. 2 western domes tie . rt-v------';1. ';-. :T. ' 4 .J.' Naval Ktorcw. . - Charleston. S. C.,' July 7. Turpen- tine quiet 44 to44 1-4. Rosin quiet Quote: A PC, 2.70 to2.80; D. -3.05; E. 3.50; V. 3.851 G. 3.90: M. 4.1Mo 4.1S: I, 4.26; K, 5.05; N, 6.18 WO, 5.15 to 5.45: WW.. 5.20 to 3.43; J . - Wilmington. N. C, July 7. Spirits turpentine steady. 43 1-2; receipts. lu .casica. v . , Rosin, nothing doing; receipts, 360. Tar firm, 1.60; receipts. 84. " , .' v Cruda turpentine firm, - 1.75. 2.75 and 3.50; receipts 41. , I w 1 " . , ! 4 r-:- iUvernool CVtton. V Liverpool; July 7. Cotton spot quiet, prices 4 points higher; Ameri can middling fair 5.26; good middling 6.80; middling 6.71; )or .middling 6.54; good ordlnay 6.J8; ordinary 5.93. The sales ofthe day were 6.000 bales, of which 1.000 were for specula tion, and export and included 6.000 American. Receipts. 7.300 bales, all American. i "Futures opened firm, and closed quiet, July. ..July-August 61, 1-2: August-September 4.45:' September October .43; October-November 6.41; November. Decern ber. December January, January-February 6.39; Peb-ruarv-March. . March-April 6.39 1-2; April-May. May-June, June-July 6.40; JulyAugust'6.39. - BUSINESS AN IX ALOOHOU Tlie Rconomlo Argument Against tlie - ha loon (.rowing Ui rc. : (American Review of Reviews.) w More and more the economic argu ment Is Influencing voters to abolish the saloon. The man who frequents the saloon Is mot so strong In body nor Intellectually sc. keen, nor profes sionally or f industriously so efficient as the man who does not A man who s no scruples on the subject but -M good common sense.; soon discovers that he handicapped In the heated competition of life when he becomes a patron of the saloon. The Newr York Central, the Lack awanna, the Pennsylvania, the Balti more and Ohio. th Wabash, the Rock Island, the Great Northern, and other railroad systems have adopted the fol lowlsg rule; The use of Intoxicants by employes, while on duty, is pro hibited. Their habitual use, or tbe frequenting of places where they are sold. Is sufficient -Cause -for dis missal.' -The Michigan p.tae law will not permit a 'man who la not a total abstainer to have anything to do with the running of tra'ns. The premium on temperance In railroad circles is so jraat that 25.000 employes . of the Northwestern railroad signed a pledge of total abstinence at one time. 1 ' Business h.msea aenraily discrimi nate against the drinker In the - em ployment of men. , Tho United States Commissioner of Labor sent a note of inquiry to 7,000 concerns employing labor; 5.363 of them responded that they took i the drink question very . v i j, -,'.' '-f :. '..;. ' 4 PAID ON SAVINGS ACCOUNTS All tiie Facilities of a Savings BanJr vrith the Government's . Supervision of a Kationai Bank erctais Wtim JUL BANK much Into aecoupt in hiring men, and that they, naa tooe uie more careiui in 'selecting responsible help because the law hald them liablO for Injuries caused bv aerirtent. The vouna man of ambition and hope who wants to get Into a good place and succeed m it knows full well that he must stay away from the waloon. This business argument Mends hundreds of thous ands of employes into the ranks of those who are fighting the trarnc. The people paid last year a billion dollars for Intoxicating drir.k. 108, 000,000 more than for all the necessa ries of life, and H Is 9. protest against this colossal material waste and a de sire to divert some of the drink money to better uses that has prompted many to vote no-license In the campaigns. The billion dollars paid over the coun ter for drink for th year' la only about half of the material damage the traf fic causes, requiring institutions to be SEABOARD Affi ANNOUNCEMENT TO THE HOLDfeRS OP " ' FIRST MORTGAGE FOUR PER CKVT. BONDS X GEXER-ii MORTGAGE FIVE PER CENT. BONDS ' PREFERRED STOCK AND COMMON STOCK. ' j -i "- ' The! undersigned Committee has prepared a Plan and .Deposit Agree ment for adlusting the finances of the Railway, which can be seen at the tfices of Morton Trust Company, New York; Tlie Continental Trust Com- pnuy, -Baltimore; Amencin mm uompauj, nosion. umxwuk gi moiul. Richmond. ' the De'positariea under, sa'd Plari. Copies of the Plan and Deposit Agreement by the terms of which all depositors will be bound, may be obtained from any of said Depositaries or from the Secretary of the Committee;." i . . The! Plan contemplates an adjustment of the finances of the Railway , whereby foreclosure sale and the organization of a new company will, be avoided; and the ra'eing by the sale of adjustment bonds of the money necessary o secure from the court the restoration , to the Railway pX Its property. . ' A ' The Plan provides for the issue of the following new securities by the Seaboard Air Lin Railway: x .1. A Refunding Mortgage to secure an authorised Sssue of $125:000,000 Ponf f-n. Trrif? tn h ImiickI. iin1r rslrtctlon tt t anerlfled In me mortgagee ror ine purpose oi reiunumg in aue coarse exuung securi ties and jtor thel future development of the property. - i, - v ? 9 An llUtiftlmant Mnrtcrava lmm,i)latslv mhUAnmt I n ' tf Ait n: th 'Ho. flinln' f AWvatfA tr. . oaaii.a av, antlt Per . Cent, Adjustment , Bonds, .which are to. be cumulative', income bonds. These bonds axe to be Issued, 86.37f,'600 in exchange or the General Mort gage Rive Per Cent' Bonds of 1807 and - appurtenant interest coupons to August lp 1808, Inclusive, dollar for dollar, and 818,000.000. lor cash. The Adjustment Bonds to be sold are to be offered for subscription at 70 rer centn of their, par value tn the stockholders to the extent of 30 per rent of .the :par value of the stock registered in their names at a date to be hereaXter fixed.. - ' - ' :- - '- .A syndicate has been organised which, for a commission of 5 per cent X?n the par value of the 818.000,000 of Adjustment Bonds be sold, guar-, an tees to purchase at the price at which' they v are to be offered to the stockholders any) portion 'thereof whi ch may not be subscribed and paid fee by the stockholders. ; - u 4 All tbe outstanding securities of the Railway .other than the General Mortgage -Five Per Cent Bonds are of First Mortgage Four. Per Cent, Bonds are. however, asked, to deposit their bomb In order that tho same1 may be stamped In sveb a way as to become redeemable or pnrrhaaable by tbe Railway In cash, at oar and ac crued interest, on any 'Interest payment date, upon proper notice hy publl-. cation.'! -.. .v';--. .v ' .'v 4' At the time of tlie deposit of Fir Ft Mortgage Bonds ' and appurtenant coupons the Depositaries mill casli at par the ouicn due April 1, 1808, October 1. 1308,-and Aprtl 1. 1809, . It the Fiist Mortgage andGeneral Mortgage Bondholders deposit their bonds the Committee feels certain that the proposed Plan can be carried out. 'and that It w' II not ho. neceasarv to fureoloim . th FMrt - Mnrtraar V nr ine uriirrm nurigitBc, uui, on me coBinrjr, iae :innnces oi me nauwij will be easily and speedily, adjusted without the delay and expense inci dent to aal of the prqperty, the Jufct debts of the Railway will be met. the $7,510,800 of Receivers' Certificates will be paid, and the present fixed annual interest, charges, including interest on Receivers' Certificates, will be reduced, as stated in the. Plan, by an amount estimated at. $872,840. Tlie ComniUtce earnes I r rccomm end tlie adoption oLthe Plan. It baa. . W , r . a - . . fixed August li, 1803, as the dateon or before which the deposit or First Mortgage BotitlM and General Mortgage Bonds must be made, but It Is hoped tht the. holders of these securities will deposit them at once, and thus contribute to a sneedr. adlustment. ' : Receipts In negotiable form will time or the deposit of the bonds. Meetings of the stockholders will order that the Plan may be approved by the stockholders and its provis ions carried-out.) i . r Dated. July 1. 1809. Cj Sidney) Shepard, Chairman. James A.tlJinlr, t 1 1 airy ' Bronner, Russell Gl fVsscnden, Thomas. J. Hayward, llcnnen Jennings, Henry Cleveland IVrklns BYRNE A CITTCIIEON. SAMUEL, ITNTKRMYRR. ! Niw York. MITNPORD, I1UNTON. WILLIAMS & ANDERSON , , - Richmond. Vau. t -) ! Counsel. The underslirned DeDoa'tarlea under the' foresroina- Plan are now roadv to receive dep.sits of the Seaboard uonas ana uenerai Mongage itonas... Dated. July I 1908. ? . MORTON TRUST COMPANY. I Nw York. TUB CONTINENTAL TRUST COMPANY, Baltimore. Md. AMERICAN TRUST COMPANY, Boston. Mass. BANK OF RICHMOND, Richmond. Vs. n At a meetlnjr of the Board of Directors of Seaboard Air Line Rail way held on June 23. 1908. the Plan ment was j unanimously approved and security holders of the Company. Datedi Ju-'y 2. 1909. D. C. PORTEOUS. Secretary, Seaboard Air line Railway. - The proposed Adjustment Plan of ferred to has iHen submitted to us. and win oe auvanianeous 10 every interest in tne property under our control. uatedJ Jiuy isos. I I S. DAVIES WARFIELD. 4 i- R. LANCASTER WILLIAMS. f E. C. DUNCAN. ! Receivers of Seaboard Air Line Railway, i '.. "I .'; . : . TO THE STOCKHOLDERS OF THE i Under arranyemenu whith will be announced later. The Seaboard Com pany Intends to offer to its. stockholders the rhrht to buv their nronarllnn. ate share of Hie adjustment bonds which The Seahoarrf Pnmnanv a. a. stockholder of the) Railway, will be The seaboara company thus obtaining Donas 10 tne fxien oi thirty per cent, of the par value of the stock regis-, tered fx his name -at a data to be hereafter fixed, a . . - .Dated, juiv z. 11909.4. . maintained by the public The large amounts of 'money paid Into the treasuries of States and muni cipalities by the liquor dealers are no compensation for the material as well as the moral waste in the community. and while there are many friends of law and ordar who vote for-JIcense because they think the saloon ought to be made to pay a part of the jdrlce of Its public injury, the people are getting to believe more. And more each -ear that the damage of the saloon is too great, and they are unwilling to tolerate' it, and are-voting "no" on the. proposition to permlt.lt. Romance and Reality. Kitty Wnat Is the title of your graduation essay? Mabel "Beyond the Alps Lies Italy." What's the title of yours? Kitty "Beyond the Altar Lies the Washrub." LINE' RAILWAY OF ADJUSTf. ENT PLAN ApIvaiI - laaiiA 1 rtfHX AAA AAAlftf ; tTtlra to reman undisturbed. Tbe bolder . ... y. . . a .. . - ' pe Issued by the Depositaries at the be called, and proxies asked for lh. ',''.., " - John B. Ramsay. Norman B. Ream, William A.'. Red, Tlioniss F. Ryan, Enwt Tlrlnuinn, " Georire W. Watts, John Skelton Williams, i Committee. D. CV PORTEOUS. Secretary. 24 Broad Street. New York. N. T. : Air Line Railway First Mortgage . , mentioned In the above announce Its adoption recommended to the . , Seaboard Air. Line Railway above re we "are of opinion that the adoption SFwBOARD COMPANY: entitled to lake..' each stocJcholder of the opportunity to f buy 'adjustment THE SEABOARD COMPANY. By Thos. Achenbach, President. ; . t.'- ... ,. . . '!' .'. . YOUR JULY INCOME -;.v :.v. ' - ' , - ?; -v 'rv-.,:--',;.:.,-L 1 44,, i, :y'-. i ONEY which is received from interest pay ments, dividends or other v sources, may be deposited with this bank, where it will be safeguarded by prudent, conservative ""manage ment and ample capital, surplus and resources. We endeavor to render exceptional service to all who entrust their business to us. ! vi Commercial National Bank B. S. JTERMAN. President. A. A. TIIOMlSON, Vlce-PresldeuL RALEIGH. - t - STATEMENT The Citizens RALEIGH, N. C. Jane 23, 1808. - ' . a ; - v'i't f ;, Clias. E. Joluison, President. "Ti nT,"nM ' Raleigh Darihim '4v::': ; nALEiGn, a. a . "THE ROUND STEPS 'DANWX f .:;:- vStandd for. :.'-, RELIADLE SOUHD DAMKinte An Hcncriitlo Kbtcry Sico IJ65 J . fV:u 'f.V-"'jpr,S:. 1 V DIRECTORS:! . . CHARJES E. JOHNSON, i . R. CRAMBERULIN, JaMjSS a. brig as,' ... i ":T. b. chowder, t r-. N. JONES, . - i' VYi . V- ALFRED WIIXIAMa. :4 r-k ::-:.'TvV'A,-LlNEHAN,'-,--,r Z4?i& V' r;r THOMAS a KENAN. ' , i : 19 M, BUSBEE. ' .v''r-'-V' ' 3 -QHN TV. HARDEN. 4 r H. E." NORRIS. W 4., ; F. O, MORINO. " , .1 4r-: 9 Capital, $150,CCa. Surplus, $125,000 L:;v;-llleposIt $1,250,000. "We offer our services to mill men and manufae- xurer who havto have largre accommodations and s are In need of greater Banking- facilities. We pur CPosa only to supplement and .not interfere with your, present banklmr arrangement?. Write to ua WE KNOW XOUR WANTS AND WANT YOVR J uxJlAN We Issue ri o 4 Per Cent. - 1 A L I Our rates are plain atraltht I per Y , rl Oy ?nt: no brokerage, bonus .or cominla- , aloo considered. V . t NOW ON SALE- r 1 -rjr- Report Volume I4l8tb on Bale. Prlc $1.50. . j" 6end for price of reprint reporU vlth Clark's Annotations. We have a larjee atock of posipuo. sena ror list. t 1 LFRE WILLI AMO'Ci . JTbere isn't any headache remedy that ,uinu ror kick or penrous neaqacnev beadaches trexn beat, cold, grip or. ttomach troubles-jt givei immediate relief. Liquicl easy to Uke. r : j- - IOc, 23c and 60c ... ' I HARRY K. WOLCOTT and IVCCll-EDd; xAT. AlTItACTIVE L0V7? Round Tickets on sale for Mornln- Trains (only) Saturday, May 2tli, 1808, i and Every Saturday thereafter, to and including Saturday, September 4, 1809. TICKETS LISIITED TlHtEE (3) DAYS. INCLUDING DATE OF SAL11 NO STOlVER iilXO THE ONLY LKIE IN EASTERN ) NORTH CAROLINA C7- . ERATING TRAINS INTO THE CITY OF 1Z0RF0LIL U'C. UUDGINS. Gen, Vczi AsntiNorfollL Virgin i x - t, i i II. W. JACKSON, Cashier.; N K.D. CROW, i ; . Asslstani Caabier. J. J. mOMAS, Chairman, : V -) ' - . if OF CONDITION - ' National Bank . RESOURCES. U. S. Bonds, mvr.r . .. t 225.000. fl Loans and Investments. 'J, 787,881.31 C&sli . 7 9f 609. SI Due from banks. . . . . . . . 152,194. 8 Totat . j . .$ 1,24 5,39 6.: Capital ... ....$ 100,000.0 Surplus and profits.. .1 180. 70S. o circulation i 100,000.0. Bills navahlA . i iaaaiia' . www , DeposlU ...... .,. !" 824,688:1 ''" ;-.ToUl' i .;. . ."..'.'..$ 1,245.396.2! ' ' . - : 1 - '1 F. R". " Brlgga, CaKhier,"' f& Trust Co. SiSiStt i i' . ' T HonTr I CO CP in t. CARR. Presldeat. Certificates' of Deposit V - ''!( 1 .. ... . - ' -. PRICE $1.50 4-,r'4:J--44?. fiction we are selling at 850c. or 8' e. ..vv?-.'.v9 u.v.. docs the work like IIIchs' CaDU- M at Drag Stores HUGH M. KERR, Recelvera. MWJk J. ' . '... ... - . Trip Excursion Ticlicls to . ' FAItt?S FOR SEASON 1909 4W A. A V.1 . ... -; . ,v ". ' -. . . V V ... t. I -.
The News & Observer (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
July 8, 1909, edition 1
7
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