Newspapers / The Charlotte Observer (Charlotte, … / March 20, 1911, edition 1 / Page 9
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THE CHABLOTTE NEWS MARCH 20 1911' 9 Late Market Reports Complete Cottoii"Stocks~Gralii--Provisions-IVIiscellaneoiis U.S. Department of Agriculture WEATHER BUREAU WILLIS L. MOORE, Chltf. Iaorumiu.*rdatMUa«^«M(hiMikMlats»tMftitltjmr ; parst«n; t)i9y will b« dram oalr (or n(P Snootai^iotMsUMtt O •loadn 04«loo«rt ^ . m Spot Matket . , ■" March 20.—Middling March 20.—Spot cotton .Miirch 20.—Spot mid- ; I’.. March 20.—Spot -uMiy. March 20.—Spot cot- iiiiiKil U 5-8. March 2H.—Spot cot- i'.anj^ed; middling 14 , i;0.—Spot cotton New York Cotton rjiotte cotton 14% feature picture at .;tle Mmket cattle. (,'attle. receipts 1, market steady. .. .. @ 6.85 4.40 (ij 0.60 1.75 0 5.sr. ■ - .. l.'^O (a 5.75 . . . 2.60 ^iv o.SO . . 6.2."> (?t S.50 fUnmteil at 60.000, . . . . 6.70 (fj 7.00 6.."o 0.90 ’ . . . . 6.10 M 6 SO .. .. 6.10 @ 6.65 ••V.. 6.65 C'( 6.SO . . 6.SO dfi 7.00 . . 6.65 (fA C.SO • ainatctl at 21,000, .. -.00 (?/' 5.10 . . V. .. :^.25 (ii 5.10 4.75 (I 5.65 . . . . 5.00 6.50 . . 5.25 (i 6.60 New York, March 20.—The cotton market opened steady at an advance of 1 to 6 points in response to higher cables than expected. The census fig ures. showing 11,941,56:? bales ginned for the season, including 397,592 bales of llnters, proved just about as ex pected, however, and right after the opening prices sold off to a net loss of 5 to 7 points on active months under scattered realizing or local i)ressure. Leading bulls seemed to be selling on the initial advance but gave the mav- ket^support below 14.50 for May and prices during the middle of the morn ing held steady within a point or two of Saturday’s closing figures. Aside from the census figures there appeared to be nothing in the news to influence sentiment and trading was quiet during the late forenoon with liuctuations somewhat irregular. Pric es at mid-day were about 2 to 4 points net lower. Spot quiet; middling uplands 1455 nominal As it became evident that no long cotton of consequence was coming on the market following its failure to advance on the ginning figures, early sellers became somewhat uneasy and the market was firmer during the af ternoon on scattered bull support or NewTork Stocks Chicago Grain New York. March 20.—The buying movement which sent prices upward in the late trading on Saturday was continued when the stock market opened today and good fractional gains were made by most of the active stocks. Canadian Pacific advances 2 1-8, Southern Railway pfd. a point, Missouri Pacific and Northern Pacific 1-2 and U. S. Steel pfd. 3-8. Fertflizer shares were heavy, Va. Carolina Chem ical dropping a point and American Agricultural Chemical 1-2. Moderate selling orders were dis tributed and prices went off to frac tionally below last week’s closing. Gossip as to the possibility of the supreme court decisions being hand ed down today was a factor in the dealings. Great Northern Ore certi ficates advanced 1 and National Rail- wavs of Mexico, second preferred, 1 1-2. Buying orders accumulated over Sunday arising from the demonstration of strength on Saturday, gave a firm tone at the opening. After these or ders were executed prices reacted to under Saturday’s close with some de cided pressure against the Pacific group, Reading and U. S. Steel. The street was flooded with Washington I dispatches relative to the possible ac covering, .luly led the advance. ^>ell-|tion of the supreme court in the ins some C to 7 points above the clos-> anti-trust cases. As the time drew near ing figures of last week, while the new crop was relati\*ely easy and only 1 to 3 points net higher owing to re ports of rains in the southwest. New York, March 20.—Cotton, spot closed quiet, 5 points higher; middling uplonds 14.60; do Gulf 11.s5; sales 1,300 bales. Close New York Futures. New York. March 20.—Cotton fu tures closed steady. Open. High. Low. Close. 14.-jJ. 14.45 14.36 1 1.42—43 14.56 14.60 14.46 14.5.5—56 14.37 14.13 14.30 14.42—43 13.56 13.92 14.S3 13.91—92 12.65 12.67 J2.60 12.66—67 12.53 12.54 12.4S 12.55—56 Mar Mav .luly Aug Oct Dec lent of Produce. 10,100 Re- Ship- relpts. ments. 12,400 5,700 IS.OOO 4.000 •J';3,7ti0 95,600 169.2i'^0 141,300 1,000 r>x.5(to Lot Receipts. ^^ith 4 of contract ar.-. with 4 of con- • i:7 c;tr?. Total re- • '..i*ago. Minneapo- ■ lay were 324 cars. 72 c a^'s last week and r.' ponding day a year New Orleans Cotton New Orleans, La., March 20.—Cotton futures opened steady at a decline of 4 to 5 points under Saturday’s close as the result of heavy selling orders that had been placed around the ring before the opening with the evidenr: intention of forcing a decline no mat ter what the census figures on total ginning should be. The figures of 11,- 941,563 bales ginned and to be ginned were slightly under rather than above the average expectation and after the Initial decline there was a quick recovery in the old crop months and a slight advance. The new crops v?re held down by reports of rain over Sun- dav in all sections of the cotton belt. The map indicated rains in the eastern half of the belt yesterday while yes terday’s rejiorts told of good rains in the western half Saturday and Satrr- day night. At the end of the half hour of trading the old ci'ovf^ were 1 to 2 points over Sa'urday t, close, while Mie new crops we c 4 to 5 points under. Reports from many points in the m- terior of the cotton belt showing tiiat the drouth had been effectually relioA- ed and that planting was progressing rapidly in the earlier sections encour aged short selling around the middle of the morning with the result that the list was i)ut 4 to l> points under Sat is ^uxwr. w- urday’s close. Leading bulls were good • i.'irch 20.—Cotton I bidders at various times during the 2 a Korrola rii/M'nlnn* nnd at. 3.11 tilTlGS tnGTG clS 3- feature picture at Cotton Seed Oil. ■It -()—Cotton seed ','anh 6.62a65; 100 • t;3a65; 100 sold at ,p n; ,Iune 6.73a7.5; -'III sold at 6.77; Soprember 6.79a80; •1, rd and fourth • 6.66; 1700 July at 100 July at '00. ■ cans Cotton Seed 01 for the court to convene, trading al most ceased, v.ith prices holding close to the low level. Bonds were steady. Assurances were reveived in Wall street that the trust decision would not be handed down before next month and the bulls promptly took hold of the market and rushed up prices with vim on active dealings. Reading, Un ion Pacific, Southern Pacific, Missouri Pacific, Northern Pacific, Lehigh Val ley, Kansas & Texas, U. S. Steel and American Smelting sold 1 to 1 1-4 above last week’s figures. Hasty profit taking forced back Reading a point and other leaders half as much, with trading becoming quiet on the de cline. Prices were maintained on a level well above the close of the previous session during the mid-afternoon. With the uncertainty as to supreme court decisions out of the w’ay for a time, traders bought stocks more freely. The demand, however, was confined large ly to the well known issues. The market closed strong. The best prices of the day were made in the final hour when the market moved up briskly on increas ed trading. United States Steel, Reading, Northern Pacific and Mis souri Pacific were foremost in the advaucc. Net gains ran to about a l)oint in the important stocks. New York Stock List. Last sale Amalgamated Copper 64% Chicago, March 20.—Dry weather both southwest and northwest made wheat prices here take an upward turn today. Unpromising crop conditions in Western Kansas had a similar effect. One Chicago expert after a trip thi'ough six counties there sent word that the chances were against the plant In a district two million acres in extent and that at best the stand would be poor. In consequence a general de mand from shorts sprang up and there was also good buying of deferred months on the part of commission houses. The flurry, however, did not last and the market receded. Opening prices were unchanged to l-2a5-8 high er. May started at 91 1-4 to 91 3-8, the same as Saturday night to 1-8 up, rose to 91 5-8 and reacted to 91 1-4. Lightness of offerings permitted a temporary advance in corn. May open ed a shade to l-8al-4 higher at 49 3-4 to 49 7-8 and fell back to 49 al-2. Oats showed a little firmness with wheat. May started 1-16 to l-8al-4 up at 31 1-2 to 31 5-8 but eased off to 31 3-8. Because of a heavy run of hogs, pro visions w'ere thrown on the market quite freely. First sales indicated a drop of 2 1-2 to 20 cents with May op tions at 16.85al6.95 for pork; 8.80 to 8.85 for lard and 9.25a9.30 for ribs. Chicago Grain. Chicago, III., March 20.—Cash grain: momvBi MMft HICH I X ' Ara 2.019 i i.. pio ♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦ ► THE WEATHER ♦ For Charlotte and Vicinity. Fair tonight and Tuesday; moder- W’heat, No. 2 red 91al-2; No. 1 North-1 ate temperature, ern lOOalOl; No. 2 ditto, 98al00; No. 2 spring 91a96; velvet chaff 82a94; durum 82a90. Corn, No. 2 and No. 2 w’hite 47al2; No. 2 yellow 47 l-2a48 1-2. Oats, No. 2, 30; No. 2 white 31 3-4 a 32 1-4; standard 31 l-2a32. Chicago, March 20.—Rye, cash 93. Barley, cash 60al02 1-2. Timothy, cash Sail; March 11.60a 11.70. Clover, cash 8.00al4.75; March 15.75. Chicago Grain and Produce High. Low. Close. 46 54 V4 60% 391/4 76V2 b104 120% 39 109 Vs WHEAT— May July Sept CORN— May July Sept OATS— May July Scj)t PORK, bbls— May July 91% 90% S9T'3 49-8 50% 51% 31% 311/2 31% 90% 891/2 891/8 49 50% 51 Vs 31% 31% 31% 91 89 Va 891/4 49 50% 51% 3IV4 31% 31% 16.67%: 16.00 For North Carolina. Fair tonight and Tuesday; temper ature. Light to moderate westerly w'inds. Bland’s Platform A Winner—Seems to be Approved by all—Progressive and Conceptive 8.72% 8.72%, 8.70 9.12Vs' 8.70 8.67%' rpfined in barrels . l.nire meal 8 ^per ■ I long ton 2700; n 24.75. •I ne ana Rosin. .March 20.-Turpen- \.(> F 807 1-2; G 810. ■G CONCERN SUSPENDS. !;i!('h 20.—Inability to ,iU’s ^^as given as (•nslon of the Leink- ..tny, one of the old- i'li'ions of Mobile, in ; on the door of the ' Harry B. Parks was n. Leinkauf, of the .itrnavion in the lum- (! i. f. which hereto- a iarge part of their ' imiiossible to realize i'ilN. ! Cotton Seed Oil. M:i!Th 20.—Crude cot- _■ (lull. iciease In ports IS Shown p . 20.—A $51,500,- : exports was the \mrrican commerce ;\:s compared with ago. This in- ‘ (jf'd over the entire hilt was especially ' manufactured cotton, r tobacco. For eight with February the in- over the correspond- :i'i car was $222,100,- rcd cotton exported ir\ amounted to $58,* rf-nse of 104 per cent; an Increase of 55.1 Itaf tobacco $2,700,000, "f r>s per cent. morning and at all time; fair scattered demand in both crops which prevented the bears from caus ing much of a break. At noon the mar- ket was quiet at a decline of 4 points under Saturday’s final quotations. In the afternoon session the mar ket was quiet but steady. At 2 o’clock prices were unchanged to 5 points up compared with Saturday s close. Opening: New Orleans Futures. New Orleans, La., March 20. Cot ton futures opened steady. March 14.52 bid- April 1435a37; May 1443 asked; .Tuly 1450a51; Aug. 1385 bid; Oct. 1250 a61; Dec. 1251 bid. Close: New Orleans Spot Cotton. New Orleans, March 20.—Spot cot ton easv, unchanged; sales on the spot 270 bales; to arrive 73 . LOW middling 14 3-Sc; strict low middling 14 3-8; middling 14 strict middling 14 7-8; good midaling 15 1-16 strict good middling lo 1-4. Receipts 1,288; stock 11M54. Liverpool Cotton American Beet Sugar . . .. .\merican Car & Foundry .. American Cotton Oil .. • • American Locomotive.. .. American Smelting American Smelting pfd .. American Sugar Refining .. .\naconda Mining Co .. .. Atchison vnov Atlantic Coast Line bllHVa Baltimore & Ohio 103% Brooklyn Rapid Transit .. .. Canadiar Pacific 218/a Chesapeake & Ohio Chicj^go & Northwestern .. .. 14o ,2 Chicago, Mil & St. Paul .... 122% Colorado Fu^l & Iron r 11/ Colorado & Southern Delaware & Hudson 168 Denver & Rio Grande .. . • Denver & Rio Grande pfd .... ‘2^ Erie Great Northern Ore Ctfs .. .. ®1^8 Illinois Central 13o 16.90 16.65 16.20 16.00 LARD, 100 lbs.— May 8.87% 8.72% July 8.80 8.67% Sept 8.80 8.67% RIBS, 100 lbs.— May 9.30 9.12% July 8.80 8.70 Sept 8.77%. 8.67% St. Louis Grain. St. Louis, March 20.—Cash; Wheat steady, track No. 2 red 91a94; No. 2 hard 88 l-2a99. Corn weak, track ..o. 2 47; No. 2 W’hite 47al-2. Oats steady, track No. 2, 31 1-4; No. 2 white 32 l-4al-2. Rye unchanged 91. Charlotte Grain Weather Conditions. Showere have been general during thep ast 24 hours from the Appa lachian mountain system to the At lantic coast. Incre ising pres, ure is moving in from the westward, being central this morning over northern Texas. This has caused generally fair and slightly cooler weather over eastern Texas and the states to the eastward. No rainfall has occurred west of the Mississippi river. A low^ pressure area is advancing from the Cana dian northwest and under its influ ence, it is somewhat warmer oved the northwestern states. Freezing temperatures are reported from the middle Atlantic and New England states and about the lake region. Conditions favor, for Charlotte and vicinity, fair tonight and Tuesday; moderate temperature. O. O. ATTO, Observer. $ THE WEATHER. % Rye $1.00 Corn Oats 52% Cotton seed '^5 CHARLOTTE PRODUCE. 19% 54% bl44 52%, 33 130 b52 108% Hens, per lb •• -1- Chickens, per lb 14 Eggs, per dozen 15 Butter, pr lb 12 Interborough-Met Interborough-Met. pfd .. . Louisville & Nashville.. .. Missouri Pacific Missouri, Kansas & Texas . National Biscuit National Lead New' York Central Norfolk & Western 10' /2' Northern .Pacific Pacific Mail locv Pennsylvania people’9- Gas 10°'78 Pullman Palace Car 161 Reading Rock Island Co v.-qv Rock Island Co. pfd ^09% Southern Pacific Southern Railway Union Pacific ,^01/ United States Steel 9/g United States Steel pfd .. .. 108/g Wabash l'^,, Wabash, pfd .. Western Union ex div Standard Oil 1 4 ys Roosters, each Geese, each .. . Turkeys, per lb. Chicago Provisions. It gives up pleasure to commend to the citizens of Charlotte, Dr. Charles A. Bland, as a man in whom we have confidence as possessed of splendid business qualifications and whom w'e believe worthy to receive' the votes of the business men, professional men, and working men, for the office of Mayor: P. M. BROWN. W. S. LIDDELL, T. J. DAVIS, HUGH W. HARRIS, JNO. R. VAN NESS, DR. A. J. CROWELL, J. FRANK WILKES, J. P. CARR, B. D. SPRINGS, W. L. NICHOLSON, JOHN M. HARRY, J. P. HACKNEY, THOMAS T. ALLISON, LUKE SEAWELL, B. R. LEE, A. C. SUMMERVILLE, L. W. SANDERS, J. H. VAN NESS, JR., W. L. HAND, W. E. CHAMBERS, DR. E. C. REGISTER, G. H. BROCKENBROUGH DR. R. L. GIBBON, D. P. BYERS, T. W. GIBSON, Chicago, ‘March 20.—Butter easy creameries 16a25, Dairies 15.a21. Eggs w^eak, receipts 19024 eases; at mark, cases included 13 l-2al4, firsts, 15; prime firsts 15 1-2. Cheese steady, Daisies 13al-4, Twins 1 l-2al2. Young Amerlcis 13 l-4al-2. Long Horns 13 1 :?al4. ' Potatoes steady, choice to fancy 40a . fair to good .36a38. roultry easy, turkeys dressed 18, fowls live 13 1-2, i-'prings live 14 1-2. Veal steady, 50 to CO lb. weights 6a 60 to 85 lb. weights 7a9 1-2, 85 to lio lb. weights 9 l-2all. By Associated Press. Washington, D. C„ March 20. Forecast: North and South Carolina: — Fair tonight and Tuesday; mod erate temperature; light west ♦ winds. Weather All Over the South. Georgia, Alabama and Mississippi: Generally fair tonight and Tuesday; moderate temperature; light variable winds. ^ , New Orleans, March 20.—Forecast: Louisiana, tonight and Tuesday fair; light north winds. Arkansas, tonight and Tuesday fair, rising temperatm*e. Oklahoma, tonight fair, warmer; Tuesday fair. East Texas, tonight fair, warmer in the interior; Tuesday fair; light east to south winds. West Texas, tonight fair, w^armer in north portion; Tuesday fair. What Dr. Bland Stands For. I stand for a business-like ad ministration and running the city gov ernment as the law requires within its income. 2. At this time, being the end of the four-year period when property is re-assessed, I stand for equalization as all good citizens do and have al ways done. 3. I also stand for equalization ol benefits bearing their proper relatior to the taxes paid by the various sec tions. 4. I stand for better sanitary condi tions in the city and favor the ap propriation of a sufficient amount ol money to the health department tc meet the urgent needs. 5. I stand for a cleaner city. 6. I stand for the enforcement o: the health laws of the city. 7. I stand for a fair and amicable adjustment of the tax relations be tween the city and county. 8. If elected Mayor, I shall de vote my entire time to the city’s busi ness; shall visit regularly the various sections of the city to discover their needs and condition and shall appoint regular office hours for attention to such matters as may concern the citi zens. ^ , 9. I stand for improvement of pub lic schools so far as is consistent with the money w^hlch is now and may be come available for that purpose. 10. I stand for increased water fa cilities and in order to obtain the best results and avoid mistakes, favor the employment of reliable and competent engineers who shall examine the water supply possibilities and general water and sewerage conditions o| Charlotte, and after consultation with a commit tee of citizens, shall make a report to the Board of Aldermen, which, when published, shall give to the people before the question of Issuing bonds to go to the Catawba River shall be submitted to them, full light upon the subject. 11. I stand for progress along all legitimate lines. CHAS. A. BLAND. (Adv.) Lehigli Valley 8.20 7.93 7.77 7 57 7.31 7.06 nd Speaking speaking tonight at ■ 111' railroad bridge on II. street. Speaking by :'I, lion. K. R. Preston, •III others. Everyone is rtd to attend. Uverpool. March 20.—Closing cot ton: Spot good business done; pnces 1 point higher. American middling fair .. Good middling I Middling I Low middling Good ordinary Ordinary The sales of the day were 12,000 bales of which 1500 were for J^^l^^cu a- tion and export lud included 10,o00 American. Receipts 19,000 bale.^, in cluding 18.900 American. Futures opened easier .-nd closed barely steady. March ,, March-Aprll •• Aprll-May 746% June-.Iuly 741% July-Aug Ang-Sept .... 6.71% • 6.65% Nov-Dee ^ Dec-Jan Jan-Feb -j FOR RHEUMATISM. The way to cure rheumatism Is to remove Us cause. Rhfcumacide removes ^he cause and stops the pain Rheumacide Is put up “^tt!e^ tablet form. In 25c and 50c bottle , and Is sold by druggists sene-AUj. Tablets mailed on receipt of Booklet ^ -e. Bobbitt Chemical Co.. Baltimore, Md. Lubin’s latest feature picture at I Edisonia todav. London Stock Call Money. New York, March 20.—Money on call steady, 2a2 3-8 per cent; ruling rate and closing bid 2 1-4; ofCd. at 3-8. ' Time loans very dull; 60 days 2 1-2 per cent; 90 days 2 3-1; 6 months 1-4. London, March 20.—American se curities opened steady and during the early trading advanced on covering. At noon the market was steady and from 1-8 to 3-4 higher than Satur day’s New York closing. Canadian Pacific led another ad vance in the afternoon. Trading was not active but prices were supported and the market closed steady New York Money. New York, March 20.—Close: Prime mercantile paper 4 to 4 1-2 per cent; sterling exchange flmi with actual business in bankers bills at 484.15 a.20 for GO day bills and at 486.30 for demand; commercial bills 48o l-4al-2. Bar silver 62 5-8; Mexican dollars; government bonds weak railroad bonds irregular. CHINESE MINISTER REPORTED DEAD By Associated Press. St Petersburg, March 20. It is rumored here that M. Korostovetz the Russian minister to China, has been murdered in Peking. Neither the foreign offices nor the war ot fice has been able to confirm the re port. Lubin’s latest feature picture at Edisonia today. Real Estate Transfers Mrs. Annie L, Morrow has sold to Mrs. Mattie H. Stewart and W. Sin clair Stew'art, a valuable piece of property, a house and lot, on North College ’street, for $8,000. The lot fronts on College street 99 feet and has a depth of 198 feet. The Elizabeth Realty has sold to Mr. A. G. Brenlzer a lot on Crescent avenue for $1,600. The lot fronts on Vail avenue 60 feet and has a depth of 165 feet. The Elizabeth Realty Company has sold to E. C. and B. L. Marshall, a lot on Crescent avenue for $1,300. The dimensions are 120 front with a depth of 200 feet. Lubin’s latest feature picture at Edisonia today. ANNOUNCEMENT We hereby announce ourselves can didates for the office of Aldermen from the Third Ward subject to the action of the Democratic Primaries April 4th. F. O. LANDIS, R. J. SIFFORD, A. M. GUILLET. Charlotte, March 20, 1911. Ginners Report Shows Big Crop Local Interest in Final Ginners Report-Price Has Been Gcodl —The Quip u t Good — No Change m Price Likely as Residt of Rtpoit. Farmers and merchants alike are interested in the final ginners’ re port of the year, which was given out today as 11,941,000 bales. With the cotton yet held by the farmers it is likely to swell to twelve mil lions before the next crop is gath ered, so a prominent cotton mer chant on College street estimated this morning. “There is not likely to be any marked “effect on the local market as a result of the report,” said the merchant. “If there is any effect at all it will probably be to reduce the price slightly, as the report show's a larger quantity ginned this yeear by somewhat less than a million Bales than was ginned last year.” There is still a considerable quan tity of cotton in Mecklenburg coun ty unsold, it is said. Most of it is in the hands of farmers who can afford to hold it for a higher price. There is very little cotton offered on the local market now and this has been the case for sometime. It is agreed everywhere, by farm ers themselvs, and classs that the 1910 cotton crop has been a valua ble one to those who produced it. The farmers have less cause for violent kicking than they have had for many years. The crop has been good in this locality, a large output of the staple resulting from the acreage planted. The price has not been under 14 cents per pound since the market opened % and most of that time it has been above 14.5 cents per pound. STRAYED—A small donkey. Reward for return to 1605 S. Boulevard Francis M. Osborne. 20-tf Before feasting—cooking. Before merry making—cheery fires. For both, the stove and the grate, you need good wood and coal: OUR COAL OUR WOOD You will thank us Your wife will thank us Your guests will thank us Your cook will thank us for the holiday performance of our coal. And we want to thank you and all our customers for past fa vors received. AVANT Coal & Wood Co. ’Phone 402. Lubin’s latest feature picture at Edisonia today. 5 Lard Declines One Charlotte Store Buys 3 Solid Car Loads WAIT FOR THE PRICE
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
March 20, 1911, edition 1
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