PACE SIX
THE TWICS-A.inEaC BISPATIIH. Tl^SOAY, NOVSWHOt M. 1«1«
Business Improving.
els for the same period last year. Chic»tro meat packers say that
for the first time in more than sixteen years work is going on
day and ni*ht in the »n«ed meat and hide departments. Cattle
1 rp j D I Canada, Meacico and other points which had never beten
Balawe «f Tr^e Rapjdiy h ShMxng toward Umt«l States- ^
Some Facts of Interest. ®
HEAVY ORDERS IN WOOL TRADE.
It was said yes;terday that more than 4,000,000 pounds of
The wrod comes from all sections of the nation .that condi- ^
tions are improving. To the cotton fanners things look blackest ■ > u • » 4. -ii.- ^ ^ ^ ^
. ' . “I ^ ® , ■ . , . , . wool have been sold m Boston within a few days for export to
TV!, t at a cent or two higher per pound than is paid by Amer-
pkn backed by Mr.^McAdoo, s^retary of the ‘ ^ P«t ^^„„feeturers. S. Liebvitz & Sons, of Byerstown, Pa., have
through and |135^00,0cx) wiU be plac^ at the dis^l of ^e November
cotton tamers. They wiu oe aUoweu to ^rrow 6 cents in Massachusetts for 1,200,000 wool-
pound on their cotton from this fund and that will relieve the sit- blankets, and specifications have been received for 300,000
hi jtTtlf A^A foi* Cy9.H3.d9. ' '
Wednesday the New York World devoted a column to the . The Bethlehem’Steel Companv' has an order for 900 six-
situation^and found no r^^n for^ssimism adhere along the ^ $25,000,000. It became knov/n yesterday
line, mile »t;«^long that Wor d article is so good that it is here Schwab's trip to Europe, ostensibly for a rest,
pubished in u an jou s ou lea * • xj really concerns contracts with the Briti.sh and French Govem-
_ e money value og goo a expor rom ments for munitions, to be placed with the Bethlehem Steel Co.,
\orkyesterday was the largest on record. ^ It r^ched|6,m American Steel corporations, tt is said Mr. Schwab
Auditor J. 1- Knapp, a veteran^ot xhe Customs Bureau of Stetis-, |100.000,000 worth of contracts.
tics, said that never in ms r^oUectipn has so much activity been: the declaration of Great Britain that it did not
s own in ioreign expor as ' regard cotton as contraband of war, German govenime;nt repre-
ax ft ay, vice presi o e uaran y rus -.ompany. « jjgjjgtjygs throught banking interests, completed the pur-
leading ex^rt m forei^ exchange, expressed the opinion yester-; ^ large quantity of cotton in southern markets, some of
day that the trade balance has ab-eady oegun to shift in ^ ^
of this country and soon it will have a credit balance instead of a ,
or two.
eficit ba ance. - tv * Heavy purchasers for this account have been responsible for
Mr. said ® sharp declines in reichmarks, which yesterday broke all low
Argentina, Bra«l and other South American countries and Chma
and Japan are drawing exchange biUs on American bankers lu- exported
progress of the ever-growing "M&de in Ameri»*’ pirop&gaad&.
The inevitable result will be better prices for the raw cotton and
a startling shrinkage in that huge uttsalable cotton surplus now
clogging the SoutheLand’s warehouses.
WALL STREET SEES LULL IN RADICAL LAWS.
Interprets Eleetloiis to Mean Quiet for at Least Tw» Years.
New York, Nov. 8,—Wall Street undeifstands kst week’s
election to m^n that there will be no radical legislation while
Pr^ident Wilson is serving out the term which expirea March.
1917.
If the stock maricet bad iieen opened last Wednesday morn
ing Wall Street would have witnesses an old time boom. As it
was, trading on the New street market was more active than at
any time since that institution sprung into existence.
stead of London bankers. Also several foreign govemment.s are
building up credits here against which to purchase supplies.
yesterday, which makes a total of415,693 since August I. In the
(.same period last year 2,242,330 bales were exported.
BIG ORDERS FROM BELLIGERENTS. |
Purchases of supplies for the belligerents are spread all over |
the country. Word came from Binghamton yesterday that the j
Endicott-Johnson Company of Leistershire has shipped 100,000
pair of shoes for Greecc. One-half of the price was paid in ad-
vaKce. The same concern is working' on an order for 100,000
pairs of shoes for one of the warring countries, which paid the
entire cost in advance and took all risks in delivery.
COTTON GOODS REPORT.
New York, Nov. 11.—^The firmer tone in the raw cotton
market and the improvement in the financial outlook have been
reflected in the further feeling of confidence seen in the cotton
goods market. Buyers have found that prices on staple; cotton
goods are holding Steady arid considerable business on both brown
and bleached goods was put through last week. Deliveries on
goods sold last week run through the last two month.s of the year
and into the first months of the coming year.
A good volume of business for export to the Red Sea district
was put thrugh last week, for November and December delivery.
Mills and selling agents have stiffened their prices specially on
brown cotton goods, and the soft spots seen two or three weeks
ago have disappeared. Standard lines of bleached cotton goods
have moved freely during the past week, both for immediate and
future deliver}’.
BETTER FEELING IN STEEL YL71' TO INCREASE BUYING.
COTTON IN PLACE OF JUTE. |
By allowing cotton cord manufacturers to bid against jute I Nearness of Year and Needs of Ccnsaaier, However, Bobter Up
factors. Postmaster General Burleson has effected an appreciable; Hopes of a Turn Before Long,
saving in $250,000 worth of twine for use in his repartment.! New York, Nov. 11.—-The Iron Age tomorrow will say:
With scores of other large user.'^ of twine filling their contracts: “The better sentiment in the steel trade which was evident
for the coming year with the cotton article, a fair portion of the; one week ago is more generally recognized, but it has not yet af-
! “distress” surplus of the staple would find a ready market. ; fected buying. The decline in orders shown by the Steel corpor-
Arthur M. Laycock, of London, who has the contract for sup-1 In line with the adage of charity beginning at home, the 'ation’s statement aa of October 31, haf not been cheeked, but
plying the British and French Governments with all motor cars, | Georgia State Departmenet of Agriculture has begun to eliminate the nearness of 1915 and the small provision made for the needs
has placed a contract for 200 motor trucks with a Syracuse con-i jute twine in favor of cotton. ,of manufacturing consumers beyon I December bolster hopes of
tern at ?72«,000. Tlie Packard Motor Company has an order for j A prominent Southern States Cotton Association worker es- a turn near at hand.
450 trucks, the Federal factory for aOO trucks, and Henry Ford: timates that $100,000,000 annually could be kept in this countrj’; “This week the situation in the Chicago district stands out.
for 2,000 motor cars to be used as ambulances. i would our sugar refiners, coffee roasters and like entrepreneurs : With the nearly complete closing down of the Gary works, other
It wa.s announced yesterday that agents of the French Gov- j pack their product in cotton, not jute bags. Though somewhat mills in that district are runninir single turn and only part time,
ernmerit have cioscd contracts in Texas for 5,000 horse.s, inakinff' more costly, it has been shown that the greater serviceability of “Hopeful views are mainly based on easier money, the in-,
a total of 25,000 purchased for that government within two weeks. | the cotton sack offsets any cheapness in the jute. crejising foreign trade balance, and the belief that railroad buying
These agents are authorized to purchase 50,000. • That this is not theory is aparent in that such represenU- will soon expand with an increase in freight rates.”
It was reported from Chicago yesterday that within nine tive manufacturer.^, as the Corn Products Company and the Amer-
weeks S125,000.000 of food and supplies have been sent to Europe iean Sugar Refining Company have substituted the home grown The Now York banks have redeemed about §50,000,000 of
from and through that city. Shipments of American wheat since commodity f(»r the Indian jute. emergency currency, ::n item regarded in the financial world as
.July I were 114,827,000 bushels, compared with f>-1,827,000 bush- I^et these changes beconio more widespread along with the significant of iniprovins? times.
FARMS FOR SALE!
2W ilCRE FASH.
10 miles from Mebp.ne, N. C., located
on the? t^Jay road, nbout 100 af*res
in open cultivation, nice level land,
About 25 cr 35 acres in very fine red
bottom land, and tlie remairiijiff 100
acre.s in wood and timber land, ^ood
C-rcoro residence, two good wells of
water, several springs and very birge
feed and stock barn. This is one of
the be.st grain farms in our county for
sale, and it is a bargain at our price of
$5,000.00.
200 ACRE FARM.
Located on the public road, one
mile off macadam road leading into
Graham, N, C., being 8 miles south
east of said town, about 125 acre.*^ of
this iand is level and dear of rockst
stamps and ^Uies, and in open cul>
tivation. Th« open land is about one-
third chocolatc loam soil, balance ^ray,
and an excellent farm for firrain.
grasses, cotton or tobacco. This farm
is well watered with several ever-flow-
injr strea-n.^, about 100 acres under'
! I
! wire fence, ono 5-rooni fmme cottnge*
rJso larffe feed and stock barn and
plenty of pood and timber. All of
this farm could be cultivated with ma
chinery. There is also a good Graded
School within one-half mile of this
farm. We can sell this farm for $25
per acre.
123 ARCE FARN.
i'ri miles south of Mebane, located
on public road, about 60 acres in open
fultivation, balance in wood land, pine
and oak, half of this farm is red soil,
balance gray, good 6-room, two-story
residence, newiy painted, very good
barn, f&irly good orchard of apples
and peaches, well watered with two
ever-flowing streams, also good mil
of water on back porch of residence
and good Graded School within three-
fourths snile of this famfi. This is a
good farm for grain, grasses, cotton
or tobacco. We will sell this farm
for $3,750.
163 ACRE FARM.
j
Two mihis west of Mebance, N. C.» |
frontinjr on public road for one-half |
mile, KGod l)-room two-story residence,
; grood feed and stck barn, well water
ed with evor-flowinj? streams and ad-
joiniaf? Sa-.rk Creek, about acres
in open cultivation, 50 acres open land
is chocolate loam, balance red and
gray soil^ and a Good Graded School
adjoins this farm. This is a good
farm for irrsin, grasse.^, cotton or to
bacco and abundance of wood and
1
good market for same at $2.25 per
cord at Mebane, N. C. We will sell
this farm for $3,500.
7S ACRE FARM.
One mile south of Mebane, N. C„
located on tnncadan: road leading out
to Swepsonville Mills. The tiniber on
this place lias just been cut off, and
it would make a splendid farm when
put under cultivation. The soil is
mostly good red soil, and lays tine.
Wi! will this plac? for $30 per
' aore.
ISO ACRE FARM,
12 milps north of Mebane. N. C.,
near Murray’s store, located on the
public road. «0 acres in open ciiltiva-
tioii, balahce in woodland, most'.y
pine, -i-room residence, Jos' feed barn,
three tobacco barns, one pack house.
This is one of the best tobacco farms
in our County for sale. We can sell
this farm for $4,000.00.
80 ACRE FARM.
Taro miles east of Mebane, N. C.,
located on public road, good red soil,
lays we)i to euUivate and cjiough wood
and timber on this place to pay for it.
For quick sole, $2C per acre.
13 ACRE FARM.
One-half mile south of Mebane, N.
C., 2-room log house, well watered,
about half red soil, balance gray. Wb
will sell this farm for $35 pey acre.
CENTRAL LOAN & TRUST CO.
W. W. BROWN, MANAGER.
Bariiagtoii, N. C.