Newspapers / The Charlotte Observer (Charlotte, … / Sept. 25, 1904, edition 1 / Page 13
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FINANCIAL AND COMMERCIAL JSOT WICU CHAKOB I COTTOS. Slight Optn ItMlfae Met by Mod. rrt , Hull an port Large rnrt Stove-atea Kxueeted he Offset , br Heavy Ks.iMrts-9eMtJmeaC lilt Arrvaas., , s P New Yen Ic Sept. J4. The cotton market opened steady at A decline of 1 to 4 points and ruled very quiet around that lovei to a little lower during the entire first hour. The opening decline was rather a response to uu$y cables and good, weather, but, while smaller longs were taking ipreiue, therei was some moderate bull support Re ceipts tor the day were moderately full and a, very, large port movement' Is ex.- pected next week, which, however, is ex pected to be offset by . correspondingly heavy exports. Sentiment around the ring was still nervous and the tendency among the smaller traders, apparently, was to even up, rather than enter into fresh com milmenta. Receipts of cotton at the ports to-day vtre 2.2t8 bales, against 30,724 lust week and 4t,lttf last year. Kur the week, 350,0110 bates, against 2X9,144 Inst week and u,34 lust year. To-day's receipts at New Or lemib were B.322 bales, against 8..7U last . year, and at Houston, 13,170 bales, against 15.7J7 iut year. MILLUR CO.'B REPORTS Cttadlttoa at the Cottoa, Coffee, Stuck and Urala Markets. COTTON. vnu Vie floating supply ot slocas so email. in the outer xm,id, trUil tnoveinema hi Mis' Lcatvn ot the tear do 'not awucraUy end i'i vii .vijubly. e tieuevv. Uuit'iorn, in COJlVtCTS A flTOnB BltKAKEBS. 1 CHAALOTTB mODUCB VAItKlCT. Uutsied Is t.m T7 1. 1 hi but it shout J be thought ot at times. As lur tne immediate mantel, u eksut seem u.at.any oecime couia not go very iar m tcaa. mm -.Mi'nuwtii rn , J w nmnwrau a - Rskkorv-Tktr iM . KssiniMk. ; - vompanr. New Atloraey lor the First a Chicken spring I IS llnnnl Monk, i 1 lull lr hCud Uvc.ug the weak days n wntcn ui bur Correspondence ot The Observer. limes ,. .. .. . ui.u uuiinne pureiiases 10 me nova mocas , finiithnrv unt mwt-B .,lv ii.-.,.,. h.wi.l wfd.n Miwnea reiisonaole pronv. arrested Will Hardin and Arthur Wal-!. COFFEE. ' r' wo rolor1 trusties ot tha convict ivn ' ' , m. ' ... ..... r mn. , ' u nmn la iriiMtotrf nBy ui. w....- new lor, new. n. me marxei mis -r r ..... . ....... ..... week shows practically unchanged prices' r 11 Henley home, III Locke towti rrcm tne dale r our last tetter, attnougD si'ip. tnese men, wno naa ueen allow-1 CHARLOTTE I1IDK MAl'.KKT iiuciuuuous have extended ovei'' a radius id many imoaunltles. broke Into Mr.! ' oi iuhui Hi points, declining early In the Hurley's store. They were .vnmcdl- Corrected Dully bv Yuibrough wk under tne Inlluence or somewhat iiU- atelv rremel when autisfactorv evi.,; Imirer. Jt-1- In Salisbury. ; 5 V.i i",wiJS222 Lais-iSiiilif believed by some that these men J.-ie-diy wii.. . Hi the week, however, continued reports of i have been depredating unfavorable towering had beeo received j Severn 1 nights ago, Dr, n-c-iu fctrusu, in addition to winch, it Is pcr B-rtentty claimed that receipts in the hear tuture wu taii on materially. There is very little new to be said la resrard to the unK.le'beytmd what we have referred to In f.lll r.Mnt luimmnnlAMHrtn unH ma iln . tttctssary now merely W ualn expreus the 'luesnon naa nimosi scrveu ineir upmion that while we see very lime in tne situation on whioh ' to express any but moderate declines, we helluva Unit if ciop iit'Ws continues unfuvumble, as uu ptiuie to be the case now, we buhII wit- iits a very substantial recovery ui Home lime during the present aeusuii. We ac- tciuingly advocate buying on all suit I'IM'tH. CHAIN. Chicago. Sept. a. Wheat Is rapidly np- piuachiiig the point where supply and u- mai.d will be the premier fauior by whscli CHICAGO PKOIH'CK MARK K". New York, Sept. 21-During the past t( guuse the market; receipts ai-t- inueas week prlc.'B Imvi. asuln cippioHi-lied tlio 11 ceni mark for tae tictiv-e months. LK;ceni- ler, lo. J I ; Jauuury, 1'J.M, a;l after n ic iK'lioii of IS pjintt), closed Hhont Ht points lxRlier th:in lust lfViduy. A now clemMit hue iipiienred in the lmrkot on the bull side Milder the leademhlp of He. Bully, who I.cia proclaimed his belief In a crop of Ices than lU.COtl.OOO bales, and warmiy uipcs lAmeric in splnhi-rs to buv all the cotton! they con. ind as quickly as they can for the reason that there will not be cut uyti tq go around. He even essays to Klicw them how tney can control the wcrld's m irkct for cotton goods, by buy ing ip all tile ruw material so that there will bo none' left for European mills to make good from. There is a fatal flaw, however, in this calculation, as. from all .accounts, Kuropeui'.K have already bougtit in udttiiice eomethlnir like 6,W0,(MP bales ot this crop and nt prices ranging from 10 cents down to 9M cents, po that in a con test lor control of the world's cotton goods irarkets, they would have an Immenae lotd over their American competitors, wno H.tM besln .it i in 11-cent level, to tight for thi; remnant of a 10,iXW.OOO-bale crop. It rciulri's 'ittl.. wit to pick the winner n Hueu un uiiequitl uuntesL Tlie apinner at Itasl cannot complain of luck of fath i rly soHcHUile. A month es'O, when Mr. Pi Ice wub biillla'h, h volunteered the same sort of advice to the spinner, but strange to suy, he has flnce become the most nctivc advocat. of lower prices. Whether Jlr. Sully will prove as changeable re iiKiina to bi aeen but It is hardly likely that the manufacturing- world will take Iuh utlvice any. norc to heart than it did thut of Mr. Price. The outside world see liitr only the movements on the nurface. Is under the impression that bullish manipu lation has been responsible for the recent ndvanco an i for the present advanced level of prices. Those, however, who are In touch with the opot markets know that tin- activity and strength of futures are hut a reflection of the recent urgent de mand for spot cotton so general through cm the South, to fill engagements for SeMeinbcr shipments. As will be remem bered, this demand is just what we pre dieted over a month igo. We are now, however, close to the end of September and t'-erefore near the time when of ne cessity September engagements will al! hf.vn been completed. The question natur ol'y arises, will the demand for cotton continue equally as urgent when there Is pot the same necessity for immediate pur Chases without regard to price? It is hard ly reasonable to think that the exporter wl one next contracts do not call for ship ment before the middle of October, will be as urgent u bilyer as the one who has only a few days In which to complete his shipments. We, therefore, look for a sharp falling off In demand, and, as pi Kliy? is ccing on at the rato of 75,000 good bales or mora per day, it would not take many days of -ibsrnce of spot support to zive future prices a sharp set-buck. A notable feature of the development here In the present mouth, Is the shrinkage of the premium on the September option. Two wet-lis ujn September was 40 points higher than 'December, to-night they close at ex actly the same price. On the 7th of this iii'.nih, when September louchcd 10.95 and December 10.65, those who were booming tho near iiosllion, suddenly discovered that somebody wns M free seller at the advance Investigation showed thut scot dealers In the South wore tuklng up spot offerings una selling the current month against thorn at a handsome profit. In other words. luitircH hud been put up to . so high a p-:nl a: compared with spots, that cot ton bought In toe South could be shipped to Kev York .ir.d delivered on Hoptemner eoi,ini is ;it a prom. It is evident that the new set of manipulators have a whole Koine rcspe.-t for tho farmer and Interior islor, lor they have confined their boom- ins la ties to t'te late months, and left September sewrelv it lone, tor the reason that thoyldu not wish to be handlcappcii by the iiVct.a;ily of paying out large nrni-nints if eunh for cotton, which they would haCe been forced to take on Bep-U-hiiier contracts.. It must lie said for the market as j whole, however, that the elimination of the premium has removed the last symptom of Inflation, and that th market, as a result. Is In a much . healthier condition than for many months, and !s no-v ready to respond to legitimate Imluences. Thee. as we have Intimated, may bo In tha nature of n reaction, but aa tlierc Is no inflation in arty month, a di cline woul j not be in the nature of a collapaoj and would prohubly meet con siderable resistance on the down-grado. Th situation In tall River Is full of bull ish possibilities. When wages were re duced and tho lock-out Rtartcd, It was I luuht that the thousands of employe who had been working; on half-time for months, would have very little resisting pev.ir. So far. nowever. the strikers have not shown any weakness and aa the new neutron is already will under way, manu neturcrs are visibly becoming restless. tu.C It is fenrc.l thut some of them may i hrak -tw.ty from the mill-owners' agreo iWt nd throw onen their mills wltlmot attemptinsr to force tho operatives to woifcl at I he reJu xmJ wages. This is a feature oien win vreu bear watching, as a break In; I tie -ranks oOthe mill-owners would ha a very pronounced effect on public sentiment. . , int. suuuily in the Korlhwen and coun try advices indicate a general desire to ship, which forecasts a Heavy movement On ihe ability of the consumer to absorb these offerings at the present level rests the vr.iue of wheat for the next 30 days. t'ash is still at a premium over the current o.i mn anu culiy good, Hiiil'ineut, whl?h is suggestive of the con c.Lcn of supplies in consumers and mld t:le men s htinds. '1 he December option 111 at n premium over the curn-nt , l9 benff given I d the flour demand Is spasmodi- r,. ,h rnn , the buying being for Immediate I ",ch ho has recently co.n snv soma one sitting" In his window,..,.! .wi nt having forced an entrance. He shot Rl pliecp kkins-full wool. the thief and he felt as If ha had been ticnt skins.. , shof, hut srrlnted away before anothor;Iimb skins jshot could be made. The trusties In fRXl , koi,- jyimw, rtu. i i.hce tvould have done so next Thuvs- ;y. They rite in lull awaiting; a pre -it.ii.try 1 earing. Burton Cralge, Ksti., has been electo l attorney fur tho First National Bank The ijosltiou was held by Mr. T. C. , Linn, who has gone to the vice presi dency. Mr. Oralge Is Salisbury's most popular youiiK attorney and his eleva-: Hon Is a causo for modest rejoicing. Last night at their home on South Main street, the Misses Crawford enter tained their friends. The evening wns maile additionally pleasant by the presence of Mr. Nelson Taylor with his violin, accompanied by Miss Hattle i'rawterli At the- Baptist church to-night a wel- Kcv. 'W. ti. e to Salis bury aa the pastor of the beautiful First Baptist church. Various persons of musical talent are assisting: In the U lu 4 S'S Ml Ml Ml I Id 2f I t Ml gives nioiea iions or more or less conges- service. iion. Eventually this market is going to I Mr J. B. Lanier, who hus been In thai i ll higher, but for the time being we I h.0iih for anvinl mnnthi. left last nlsht for New lie seeks Improvement High. Iaivv. Close, i WHEAT l).'0.. .. , II Hi 11-"i II IV, Mav H.vVi ll:;' ll!- Kept II-n H" ll-Vii I CORN 'Mav 9 Vt '.Deo 61VJ 49' MU IKcpt M 51- CI, t-mTS- IVc !ll4 Wi Sl'- Mav a-l'h. :tl .t.!Vi Kepi -a ' V IlliClC (.-(. ti r. n t'i n r. .lull I.-. 1.1. 1 )''-. Hejit II.Vi i I.AHU- jtn-t : r: '.lan 7.37 7.JI T.M7 Sept 7.:.' ' hlUS Oi't 7.!W l.W Til-' J:'.ri ti.Hi I..N2 7.XG f..tit 7 67 COTTON MILL MACHINERY. Stuart W. Cramer, UNQINCBR AND CONTRACTOR, " OUTH TStOH T,, OMASH.OTTC. N. O. O0NSOCKLT WON OS-"" - lOUlTltajLK BunO'" ... Afi'' Revolvlnt Tint Card, Railway Head, Drawing Frame, Spinning Frmtt, Twisters and Spooler Quillers nl UeaU. Looms, COMBERS Kirn irrc. rtc. 5tuhbers, Ruving Frame Intermediate, Jack Framea Aotomatte FtseJ .-.', Cjwmerf ani Tr , Breaker, tatcrnie ' : - FlaWher L r: . IOntctinrCard!n I Thrta4 Eatra.; . , Wast Ptckerx, c RAW Stock Dryer;. Konr-York. Sent. St-Wn have had a tfore Irregrulnr market thnn in a long time, with tha general drift almost tin mlslakably towards a lower level. The Western holmes, have sold heavllK, basing their .ttpertttiona, upon a deterioration of tifi Coin Vleld . U'nll-linrwn l,tlMI..In. han; come out with more or less pessimis tic predictions. The. weight of evidence among tho prophets seemn at this writ ing til b Jn favor of the 2,000,0(lO,il09 bush rl" w1' f; ' Mr own humble opinions are If at if trM does any dtimagw it will be "fi IT email. Wn think it mr of deterioration in quality than In appre-claH-s.quHntityff We really fhlnk that the tiiurkct wouw htiVA"sold oV anyway, as ItiB movements after the middle of Sep. mLST ,n, tnt mw'ty tf Instances ill 4lvrfd una where carried on by m- niirHiitivq torse, they sfcnerally nd In tte vem declHes. This year, circumstances arv-4-omewhitt exceptional in that the noat Int feuprly of really jr,Kd stocks la not jiiepo, At;lhls writlnr Loiilslllo Is very ftvr. It of rlrht ought to be. It Is ibJIculouH to sen Ix.ulwvlllo selling below St, Jatil. St. Paul earned 3 per cent.: Louisville & Nashville showed an Increas ed net wtiirn. The Treasury assets or the Ixiul-vllte. & NashvlllQ Company are suf ficient to rtirf the whole capital storks W(f neav of mo flnam-lntr in connection vita the Txu.svl!le Nnshvjlln, Whether sufh ietlly tkt-H plaoe or not It is nn douofmjly JnfrlnMcalv it verv cheap atock rather chewper than Spy of tho others with' the rossl lo exception of. IIHiiois, Cehtral. Prrr vry wis students are commencing to woh'ler 1 how, jtwus .: the) Increased cost of l'v(,; wtii prorhwt? il boi-IhI rest thnt cotiM have ! l-.leetlon trmrket-wb. We mim 1 1 ; tni.-.t tUft this la wi v tlhitaol,- foil like holding off and awaiting the effect j oi tho spring wheat movement. I The corn crop is practically made, a se- vert freeze now would only damage a in:ill peieentate of the acreaire. ami ! i y day of line weather decreanvs larce- j i. tne percentage liable to deterioration. ! I he cash demand Is slow and export busl- ! i.etB out of the question. Speculatively Hit re is a large line of the May In strong hands awaiting a favorable spot on which to unload. It was Dresumablv biiiivlit on the belief that a freeie would furnish the! tetcssary Impetus to make such u spo, and it looks -Us if the holders had over played their market. The outlook is for ome lower rtrices. O.its The tremendous movement of oats Is reflected In ihe dally hedg-ing sales whL-h ofpress the futures. The Northwestern market has been the conspicuous seller. Slocks are aocumulating and cash demand i- i:ot pressing. Relative to corn there la nucli more merit in tho present price level .jiid cvcntaully the excellent quality of this crop will create a good consumptive de mand. A purchase of May oats and a sale of May corn seems a likely spread. Provisions Activity is Increasing with the Interest based on the excellent cash tiemand for meats. Packers have been the I. ujers of October product agalnut sales. January being taken for investment. The litter appeur loo cheap compared with ho;s. cash prices: No. yellow corn, 54; No. m hite com, 61ty to 62; No. 3 corn, 52Vi to ?3. Wheat: !No. 3 red winter wheat. $1.14 t- Mn',i; No. 4 red winter wheat, 91 to H.13; No. 2 hard whiter wheat, $1.15; No. 4 hard winter wheat, $1.C7, f. o. b. MILLER & CO. NEW YORK COTTON. New York, Sept. :4. Kuiures M n-horc sieiuy; liuuunng uil(iuiilKl, ll.;1 Ex-Pofrtmaster',,:" , r"" " "" " ',' .). W. Mullen, of Charlotte, is a 'January . bury visitor. Miss Klslc Oeorge, of li-ebrunry Wllmlnirton. Is visiting Miss Fan Mo-; March.. Nm.Iv. Miss Mat Orltfin has returned April, lhv.li .10. 1 liw M.7li .K.MM 10.il from u trill to St; Louis. ASSAl'lrrcil BY noBBicns. Konnil I-ntnlly BulldliiK. Mav,. .. .. f- rpiembor. Ociober.. . November. I leeeiuhfr. . i 'I! Id V .lii.7:i .10.72 .l.7! 10 M H'.Tl I". 7 closed spots 'lore ll-.7ii',i I n 77 pi.so ill o.:: Ill 'M I" b ' 7.ii 10 0 in Vl-li in HI 1 .. . Mr 10.7. lr.117 1. 10 il l.i.7 til hi il ETC., ETC DAILY COTTON MA UK A Cold Mtoraare Man iniured In ills Buffalo, N. Y., 'Sept. 24. Weltering , rjaivest. in. steady in hlr.,,,1 ,,nrt nlrnost dead. Frank Aus- I Bnlllmore. nominal tin, a wealthy cold storage mnn Medina, was found last night late, his building, by his son. It is believed the assault was made for the purpose f robbery. He cannot live. of Huston, nulet - a i Wilmington, steady ri lladeluliia, quiet S;iva.:;ni li, easy NiW Orleans, quiet1 Mobile, Ktea-ly Mi mphls, pteudy ng ut:i . firm ('! mi lesion, qulel . . . I oiilKVllle, firm ... H! lOUis, quiet ... I !ou.' ton. quiet .... w York, quiet . KW RIMOR l. STOCK MARKET. 1 ii Ion Pacific's Strenarth Now Ex plained by Allrged Fnrehaae of Atcblson Hharea Faith -ot Slinkeii tr MaK'KlnK Developmenls. New York. Sept. 24. The busy surmise which has been seeking for weeks an ex planation of the exceedingly persistent "trength of Union Pacific lighted to-day on an alleged purchase in the Union Pa cific interest of several hundred thousand shares of Atchison, thus insuring- it an influential voice . in Atchison affairs and strengthening lis control of the whole uttns-contlnental rallwav situation. It mn?! . be, sail for this rumor that there was better authority for the credence at Uifhed to It than for some of the many "ihtrs und he sageine tendenpv nt tlii. stuck on, the re.'sirt did not shade the faith : -I fiilalifin I us oeuevers. --je heaviness of Union 1 American i-ncillc as attributed to profit-taking liv the speculators who hud followed the movement, and the decline showed no yigns of precipitation. The most rteelrterl cfTeet was) caused to the Atchison, which nee, nd i s- was iin- Rlntp hi,. I stocks also developed r.ieat ftrengtli with- M-.it speeh-.l news. The general lixt w.ih i.tcioccuy neglected and moved nurrolv! urn not more than was ncconnted for bv slight symp.uiiv with the npeclal stroni; Moi-ks. The bank statement offered no ?rent surprise. The market closed xllgiii y Irri'guJar, with a few fresh Mist tit the last. Total shIch of bonds, par value, $2.136,Vio Total sales of stocks wor !ii"i Itrluding: Atchison. 33.500: St. Paul, fl 1(10,- t-.rhs 6,300; Metropolitan Securities. friuuO, .Metropolitan Street Rallwav. (toon- x-m folk Western. 700: Ontario & ll.I'OO; Pennsylvania 18.400: Reaftlno- innjfi Sc-uthr-rn Pacific. 7.90O; Southern Rallwav! I nlon Pacific. KU10: United States SI eel, 35,700, preferred. 42.C0O. Dry Hoods Market. New York. Sent. 21. Ti e dry rikhIs rniir-!-.i t has "los d for the week with buyers -till maintaii Ing their conservative policy ..nil refusing to operate except for actual teds In the way or spot goons. NKW YORK HONOR, r P. refunding 2, registered .. . i'. 8. refunding 2s. coupon I '. S. 3s, registered '. ti. 3s. coupon U. 8. new 4s, registered .. .. 1'. 8. new 4s, coupon U. S. old 4h, registered 1'. S. old 4s. coupon .Mi lilson general 4s Atchison adjustment -Is Atlantic Co.ist Line 4s NEW ORLBANS COTTON MARKET. ! '".lllimoi e & Ohio 4s New Orleans. Sept. 24. Cotton ftituret; t Ihiltlmoro Ohio 3s rend quiet, 2 to S points lower, on dlsap-.t . "titrul or tjeorla Ss V 7.-.l 'M.7i; lor. MM-lllnf. ....lit ll-ii ll.ni .. ..11.20 .. . .HiS-li: n.4r lot'. 1 1 il-n; ... .in ii i ; n in in :t-n; n-'.. M O. A, Robbins, Charlotte, I , ifiaiiuiauuiu1 t . ; Complete Equipment of and Jobbers !COTton mill ma- hine- I'l-fquently find It necessary to have j ' ' , "' ," ' ' ' ' " " " ' ; , , BANKING FACILITIES in addition to those offered by local brinks. H- fill '- BALT1MORK PRODUCE MARK 1ST. ii iltlino -e, S.'pt. 24. Flour quiet. un changed. Wheat Dull and easy; spot contract l.lutj. to il.hV No. i red Western $1.12'4 ti $1.12" S'ptcmls'r SI. 1" to $1.10! Kcttthern by sample SO to $1.08. Coin lt.ill; Southern white corn 55 to fs. It ye Firm. iiointina Liverpool cables. The weather n i p was fairly good, but unfavorable re port:; concerning the crop are received i ry day. The week-end figures had but little Influence on prices, as the bearlsh t. t-s of the visible supply was balanced by the bullishneiH of spinners takings. In the trading- October opened 8 points lower nt ID.ro, sold up to 10.D5 and finally cased off to 70.48. Ccntial of CeorMalst Inc.. .. C hesapeake Ohio '4V&S Chicago A- Alton ( lilcago. Ii. i (Julncy new 4s... Chicago, M. AL- St. Paul gen. 4s . Chicago .i Northwestern consol Chicago, 1. 1. & IMcille R. It. Chicago, R. 1. & Pacific R. R. C. C. C. St. l)uls gen. 4;.. i l lcngo I ernilnal 4s. 4s. Coiisolfdnted Tobacco 4s .Colorado gt Southern 4s Iwnvcr Rio (Irande 4s.. .. Uric prior Inn 4s h.rie fP'nei al 4s. . . .-' jKoil Worth Denver City 1st. The sales of the. .lsvllle Nash, r'nilieil W.' Matihattati eonsol gold 4s .... cneci wan .-auseii to the Atchlsi made a rather aggressive Advam Piclally tile preferred, which usu-illy atftive. The United St LIVERPOOL COTTON MARKET. Liverpool, Sept. 24, 1 p. m. Cotton: Spot In limited demand: prices Irregular; Amer ican middling fair 6.!0; good middling tl.74 middling fi.ftf; low middling: 031; good or dinary ii.12; ortbnaty 5.M. y were 2.0iK) bale-.t, of wbii h 2)) were for an,I export anil inciu.ieo i.iim i m, vlciiti l-i-ntnil 4 Receipts 4,000 bales. ineludhiB-1 Mexican Central Is' lr.c !.7'0 American. Minn, g, Hi. Louis 4s Futures opened quiet and closed quiet: I Missouri, Km Ai Texas 4s.. .. Ai.i.rlcan mld lliiiK. g- o. c: September , Missouri. Kniisns T-xas 2nds.. .. :.:'.2; Scpr.-mbcr-OctolsT 5.82; October-No- Bt0)m U. H. of Mexico eonsol 4s.. v c.ihcr November-DeeemlHT 5.80; De- I Xt vv York Central gen 3i ... ' .-J.iiiuiii ) .!". Y-r i-. , i ,i .T -ry, w J,., v (Vntla Ken. OS l-'ebriiiry-March May-June B.7S. 5.77; March-Apiil ciiriMX si-:i:i OIL QUOTATIONS. New Yolk. Kept. 21.--Cotton seed oil was in. bin without much Inquiry. Prime i mil'. I. . b. mills. 23: prlm summer y l- w '."iVt in It": off summer yellow nominal; ilme white .12; prime winter yellow 3214. Letter. C. P. Kill Jk Vo'm. Cottoa Special to Tho Observer. Orleans, Sept 24.-Thc bearish na tne week-end statistics exercised New H:re of THE MONEY MARKET. New York. Sep'. 24.-Money on call nom inal, no loans. Time loans) steady; sixty days :; per cent.; 9) days 7714; six months S- to 4; prlnje mercantile paper 414 to 5 per cent.: sterling exchange, fairly steady with actual business In bankers' bills at f4.s5.77, for demand anil at $4.83.(0 to H.S3.00 for tKl-dav bills; posted rates $4.w;i4 and W.S7: commercial bills $4.R2 to $4.8314; bar diver 57; Mexican dollurs 4614. I Northern Pacltlc 4s. Nrtthi't-n Po'-lllc 3s , Nc.rfolk A- Weslern consid 4s Oi'gon ribort Line is Ai Partle.. I'i mi. eonv. :',v,s i Reading cjf-n nil l-i 'Ht. Iiuls K Iron Mounlajn eonsol ISt Ixiiiin A- San l-'r.incls" o fir. 4s.. . hi. Iiiuk Soul h wcatei n lsts f;-iili(ini d Air Line 4s Southern I'.n llic 4s .Southern Railway lis Texas Ai I'acllic 1st Toledo, St. I. - Western 4s Union I'm Hie 4s Union I'acllic cnonv. 4s U. S. F.tcel 2nd Ss Wabash 1st.. Wabash Deb It Wle. ling A Lake Flric 4s Wisconsin C'-ntral 4s NAVAL STORES. Savannah, Sept. 24. Spirits turpentln depressing effect on Liverpool, and thei Mrm. 53; ivcelpts 193; lales Rosin Firm: reeellti I'll: eakness there, coupled to less favnrahte! exeocis 3.611. A. II c L!fi; reports from spot circles, nnit lndln, I2t;7: V. fi ll): O. !2 7f: H. 2 s . of a heavy movement next woelr ir.,ioro,t I K fa.75' M. il.ir.. N 3!.': W. fi. tittered liquidation under which rl. W. ;.. can markets recorded a decline of 5 to 10 WilmliiKton. !! t inls under last night Sentiment appears! nothing lining; i 'Kuin in oh wen oiviueo. mil with few . I I i il la., .ll.'M . . 1' t'i ....l'V.'i ... .PS--.. ,...lilfi4 ..Ml-l, ... .1314 ..10H'4 ....107'. ....11)314 .... 9514 .. OS . ..l.r.li . ..sr. ,...113 .... X7 . ,1'H .. f0 . . . 1"0 ..12X7!, ... 7fi 5s Wl,., ...101-14 ... 7i. ... 73 .. HSV, ..101 ... :'., ... K7"J . .111!) 1,:. ...lexH . .nm, ...I07'i .. MI't. .. 10 ... MT.i, ..ion .. 79V. . . 7i;ii . .loo1-, ..y.a-, ..lui , .. 74-4 ..H2 . . 97 .. :t:i; . .luo'4 ..1171.. . . ; . . !- , .. . . 93 . . 1 ..119-m . . Ml1'- . .101, -. Kl'i ..ID .. U3!(, . . K914 . . b.l Of Richmond, Va. WITH One Million Dollurs Capital and I'tirnlus. Four Million Dollars Doposlts. Six Million Dollars Total Resources, Offers Just the Additional Facilities Required. :: John B. rnrcell, President. John M. Miller, r., Vice PrcHldtnt. ("has. It. Hurnelt, Assistant Caahler. .1. 17. .loplln. Assistant Cashier. 4 044$4- 1 THE GIIASMAPrKlclG SUPPLY GG.; j J OBB ERS I Kanltary riiimMnu; liod, Wronuht and Cast trasi PI pa, Bllrs, i ttaillalors, Valves, Rtn. All sapplles for Steam, Wats aa4 Qas. f CHAKi.OI I L. N. C. SAVANNAH, G A. A ' f 4 Wm II. Giiarles, Amterdam, N. Y. I otton Y arn.s for the New York Statr Knitting Trade. Mill Accounts and Correspondence Holiclted. J.. SPENCER TURWERj.CC. 4 0MMISI01 URnCHAllTt. ' , ..- Oftlces: Now York, Philadelphia, Cnicugo, St, Louis, London, England. Rtciiard A. Biytiie, Commission Msrchsnt. Cotton Warp and Yarns No. 114 Chestnut Street, rKIIielphi, Pa, iUUH-OltADIS SPINDLIO.. .. LOOM, KNOINK AND VALVE O S L Continental Gin Company Ulrmlngh irn, Ala. f ' - BRMiCtl HOUSC: CHARLOTTC, IV. C Manufacturer o f the Cetebrat4 WINSH1P, SMITH, MUNGKlt, KAOLK A PRATT OTNNINO MACIIIN TCRY AND ENO.INKS AND BOILERS. -We have Just opened a sales office and show-room at No. 14 W. Fourt'i street, Charlotte, and Invite our frlen'ls and customers to visit nd ex- , amine our tnnchlnery. Customers In Virginia, Norfh Csrnllnn and Ronlh Caroltnk pleaae addrei" I CONTINENTAL" O IN COMPANY, of ChArlnttn. N. C CROMPTON'THAYERLOOMCOM'V WORCMC9Tfilt. MASS, MANUFACTURERS OF ' - . 4 ? ' ! FANCY COTTON AND GINGHAM LOOr.:: A LN) MAKKRS OF DOnRIKS. FHTrlElt SINGL12 OH DODBLB TNPi:x S ! To UK API'LIKD Tf) OTHRIl LtlOMS. ' -7 SOUTH KRN llKI'HESENTATIVES. ' ' ,' " !l ALEXANDER u GA&BGD, Charlotte, N. C. SCOURKK, I11CLT OIL & O UKASES, LURRICAT1NO OltEAShS. It KA D Y MIXED PAINTS, COLD WATER PAINTS. wattlkh: rwtEssjNE compounds 0(yiT()X YA.IINS. WM.D'OLlERCO i Gomrvilaalon Wwo-siti, Oil 11 Supply Co Charlotte, N. C. Third and Chestnut Hts.. M:ir!ner find Men hunt Ruiliilriff, PHILADKLPII1A. PA. Atohlai ni rt.i 1.(11 exports S25'l B,!to ft "ohlo tales 1.S2; no old D. 12.H7: K. I Caa fse MTOCK8. US i-m 1 1.70; .W; W. T. vptions the traders have failed t, rt.,t any wcU-defincd Idea n tn the ultimate course of values, and the vast malnritv "any ptiriicnmnts commonly known as tne seniping- element" are tiulck to act ipon influences pro or con as they may leveloo. For some time nsst the lnKrent stiergth of the article lodged in the do mnnd for actual cotton. Numernun local lealer Inform us to-day that recent nfrem it homo and abroad met with counter of- rera to accept the cotton n ridleulnuuiv ow prices, and If this foreshadows h ets atlon of the recent aqtlvc trade buying. - -. . , , , ,,'. - (i, imi.M:iii ?ecuiaiive KUp- :srt to counteract the Increasing welirhi of the raw material. That the snechlatlve nterent Is now larirelv lonr. we think ..li mits no d iubt. Any attempt at liquidation would, we believe, be followed by lower orices, at least for a time. -C. P. ELLIS & .CO. Cotton oil Market I.ter. Orresnondence of Tho Observer, " New York, Sept. 24.-We have absoluelv nothlns; to chronicle of to-diiy's market which wns Intensely dull, and prices nn sbsngwl fromt yesterday, without a single 'insactinn having; taken place. We quote 2U14 rents hid. 30 cents asked for all months from September to January, with lniriri jri uuu Ui ctiiiia itiuse, 1, p. D. mills. jnd basis prima crude 22 cents. Wu have never seen such apathy on the part of both buyers and tellers at this ' time of the vear, and the consumptive demand,, "both hrrn and abroad, remains - abnormally "mail. TUB WILLIAMS FLASIf CO. Inell, Texaa Electoral Caaalldate isrlble. 1 , Dallas, Tex., Sept. 24, The State ex ecutive ommitteo will meet here ' to make the; uhancea necessary to over come the ineligibility of some of' the electoral candidates. The discovery waa recently made that several of the Democratic, nominees for the eighteen electors to which Texan ts entitled In the national electoral- college ,are Ineli gible bficdiise of oni4tlf at tonal (tnallfl cittlonR. The - defect;.; wlir be rectified at to-duy's inecti !)(,. r . 1 , . , Hnln Kirm. Tar-Mrm. 1.' Crude flip.-. r-cei;Mi) 5". .'I. Spirits turiK i ;:!t casks, -''-ts 84. !;'ts 4.t. r'irrri, 2.25, 3.75. itir.c COTTON i"' 'NC AND CLO'''". New York. "! 21. Cotton -T utnres opened flrnc ScplcinlT 10.75 to 10.79; Oc tf lwr 10.72; November 10.72; liecemlx-r 10.79;' tanuarv 'O.fO; March V ': Airil 10.92 bid;' Mny 10.IB; June 10.95 hid; July 10.95 bid. J. Futures closed steady: September 10.73; October l'i.t;7: November 10.7'i; Ix-cembef IP.TB; Januarv 10.7; KehniMry 10.W; March 1(1 S5; April 10.S7; May tHouk Vlley Bpot cotton quiet; middling; unbinds 11.20;' ,,,, ptn middling gulf 11.45; sales 475 bales. j n -, - : . , I lows tn.. .. COMPARATIVE POUT RECEIPTS. I do pfd tea oi N J.... Chcs st dhio Ohl A Alton.. doplrt Ohl a t. .t cm a N-w t;hi Mil a F d.t pfd O'.IT'fW T-i - t p'd ' It HI L st . ... do nM donfrtSnd ... Drift H . . t' ft I... ... U a KG t Ho Kris do pfd 1st ... dnptdPd. Galveston.. New Orletms. Mobile 3a.vannalr.". . . Charleston , . Wilmington.. Norfolk Boston .. .-'. Total .. .. 1904. .:...r S.S21 '.'.'.'.U,S6-2 .4S.000 IWS. ' Kan Cu go.... : do pfd i Man I , Metro Peeur M ft Ry M A 8t L . taftt Ftt lH ! do Did ..... Mi ro...... G.TTlt 657 R.W 3.029 2.11' 4.297 26 NEW ORLEANS COTTON. Closed barely stedy. Ian.. .. r, 10.75 10.09, Feb.. .. .. .. .. .. Mch.. .. ......19.93 10.86 April.. .. May., ,. .. Sept.. .. .. ...... 10. r 10.70 October. , ; .10.89 IP. 48 Novenbcr; 'U ;: fiO to." DeccmlK-r., . , .. .10.6H 10.59 Middling 3 l-lii; 10 ,11-W; sales 650; f. o, b. 11.00. lO.ti&QJO.CH ' 10.72ifi;l0.74 1fl.5il.fW lfl.B2S19.9V, io.9aii.o9 1O.70W1O.T2 "" 10.410.49 J 1r'. ;:.,,'i h! spots i M U Jk t 46.162, a., pfd... . ." - i Kin h k ot Me I New 10 1 do iifd.. ... OA W.. Penn CuOifcFtt V " Uii. . ..dpfd 1st,,,. rtol(ln4... ftoek laisnA., ,. .tvf i ...... 'ILtiri pfd , . 1 ' I un 1 do pfd. ' " CHAPrXiTTR trVtTON MARKET, r These figures . represent prloo paid to wotrons: ' 7 .(' '" Sept. 24.-. ; Oood middling; it' v. U' . .. :. .. W1, atrlct mlddllns;. i l.,, i;:-7..;;.i.14 Middling,, ESTIMATES. ' .:,.l"i , 1IWW New Orlean.. ,. IV-.lt.OWSfll.iVs - S.79 Houston., .. .. ... .....1t;.0nnll7.fl Jh;.i Galveston , i tv, . . . ... .iS.ooiKj 27,oog ' o,o 13 -1 louston H.j MS. Ry.- -,-,..'.,;.;' d p(d ;.f ; Tnu nd Pao.' t L est.. ui '.TVs ir; 4IK m HI In K. r ItU - K' 1.44 7W 1. 11 80 K inn hi i)H ril DSM it , 1.4 Di : 18 ll" t5 '4 Lu l.NH Mm Mi :$! L.--7V, On ' 94H , ? WH .. WIH '. I"V . 20H 4H1 ; ' ?K54' M . do nto ' Umioii I M U11H w,j,h. sj . pfd .... 2l-S Whettltng 41) Wis cn-rttml.... 17 do p.'d .. 4:i' Exphsms (JokrANist, Adams Amerii vn HntWd Miatw.. ll. Wl:, Kr(t , j Mi.'iei.i.sons Amsl L-l'l-l, !7l. Am ir A Koun do pfd sot A in Co: ton 07! XtH do pfd U0 Amite 7 do f d fH Am Mit.etnl Oil 1 1 H do pfd :i A m Loco 2D do p id .... 1,; Am hinlt 4 Ktg rti do pfd I0; An Sugar Ref l)t Anaennc M Co W Brook KspTrmi Col Fuel Iron mv. Conulidat Gas 2 14 14 Corn ProdDoM v:, do pfd nUi DUtlll Seonril 0 4-lenwrsl Klc... 17a interuat Paper lV lot pfd. 7lv, dernst Famp :,t lopfd 7 Not Lead.. No American... P5 PelfloMsll..i . mh Peoples ss. . K2 , Presd Steel Car : eopfd 7H Palluian falso JI-" Hep Steel S do pfd 3H Bobber OoodJ. do pfd 81 Tenn Ooal A Ir 7 0 H Leather..; VK dOiid..i h.H 0 Eeall - do ida - . ... . . 0 8 aiibhtsr .. m do pfd, . ...... 74v, ORbteel,...,.. 17W dopfd..... ... H w-at Klee lsivt W-mmAm Union V0H HUCH a?AJ& Co' W Eiseiiliausr & So. Mlaoensnsous Houlhsm Swourltlaa CotlOfl FutUTC3 COITOH Mill STOCKS 1 N-w r,en Co'tnn WILMlPaflTON N C cbans-e. New Orleans Board of Trade' WsikiMi. u. ... im io'iMti and Associate Members Liverpool Cot- ei al 14 Intr. : ton Assoclallon. LARGE PROFITS, . Are iieltijc made every week In Cotton and ("Sialn hy those who have nc co'ints w:th us. We are in touch Willi Ihe larui-st oiiornlm-M and cull kes-p yofi tit; lit. A Irlnl will convince you. Aiiiitmfs of TUMI and upward operate-!. llUln-.-U biiikin .'i ml tiiirca nt lie refer ences. We nice our l"Sit person:! I attention I'i e.tcli Individual nci.'Oiltit. j J. D. E3ooks Cl Co. Special Attention Given j Spinners' Orders Write for our Cotton Latter. Cor- f rospomience solicited. i VI Urmiler Ht ftHJtr OStsill. j k B. Salkeiii & Bro. 86-72 Leonard St, New Tork. COTTON YARN f. FRKD'K VICTOR & ACHELtf. a r. ElUs. J. p. Henican, C P. xnils. Jr G P.Ellis & Co. :, J ,'tf. - -i." , 3.f - .-Li:-. Established tm il'PrT!?' n Commivilon Meichnnli 345 arid 347 ' Broadway, twit vuniifMovtwa ik.i,t j.....i v Member of tha New Tork Cotton Ex chaDne, New OrleaJia . Cotton Ex change, Liverpool Cotton Brokers' Association, New Orleatm Board cf Trade. '. - , Cotton Bxchann Bolldlnc I NEW ORLEANS, -Special attention flven to exscutln-; of orders la contract for future dellr- ery of cotton lit all tha markets. Ct-r- renpoodence solicited. 1 , i ;" f ,. .,.,.. i m i .I'.,,..! a.it,. ,-i ,, fi;J";Yvf:v,7,7, Memphis4""', J,'.:- ; U'5 4'.':4H!! !'Hm9 Ht. : Ii0lliS,.,'77, -'.i "JHw jr-,'i,w.7..i-,:- ' ''7--' SO ..: .', .i-' 13,171) 15,7ji COTTON, OP.A1X AND STOCKS. I K ExchariRO Pl.-ico an.l 41 Wall .Street, j Xejiw York. j i M. IL DnUson. J. H. Hull I OiCKSON & HULL Com.r IwKlon Nlttrohanlfl. Coton Goods. I or, Frnnklla Mfrert. fKW Y4MIK. Can iffer mills si H.ceomntdat:ons flriuiilrd tiy anv tlml-clHw e.oiiiinlssloii hotiiw. 1ion, iKi1it,d4iIpKta. i ftfllllor Company, txchanue OroUera No. IOO Oroadwav, f ewYork Members New Tork Stock Exchange, New York Cotton Exchange. New Tork Produce Exchange. New , York Coffee Exchange, New t irlesyia ' Cot tnn Ex change, New-Orleeiis Hoard; of Trade, Chicago Board f Trade.. .' r " . : Transacts a general brokcriige -and c-ommissipn businoss, -Executes order for the fmrchrine or sale of stock, cot ion, cotTee, ; grain and. provisions for cash,, or will carry the same on mar glns. DIRECT PRIVATE WIRES .TO ALL. EXCHANGES, Prompt : atten tion to -all1 orders.-'" -i.Vi:'--'v;v': '"'": ; sranch- Olllce, Ko, North CoUoije Street. - CharloHe, N. C. li. ALi:.SA?.T !., -. COTTON YARWS ALL NUMBERS, ' SKEINS. WARI S, COPS and CONES, j COTTON GOODS. 1j Cotton Seed Oil And Gin Mach'ncrj. Not In Any Combination dr , j lrut. ,' . Complete plants from 15 to 2 i ton capacity. Special small c. i plant for ginneries. Complt 1 1 cotton ginning systems. IT 1 LVaDWlflUsCIn&S: ATliAWTs, OA. 111.1111 Successor to IJUCKINOHAM, PAULSON & CO. Commission Merchant. COTTOW YARWSif W. B. Smtlli a C , - ' .,) i - Third and Chestnut fits.. Philadelphia. 1 .83 Leonard Street, New Tork. v ; j e4e;effmm4t : SIS Monroe Street, Chicago. I!EJ;f.:,!II!!ll';O.Ilj Commission Merchfim t -1- COTTOK "YAPK r Dr f r" r- iiUi.Li.. . established lrs. fNew York t nn Mock I'ikciini ' Clilcscii htmr-i i ; STOCKS, G'Mt rT . ' Mrmkebs pr. I':lv I I1' C t . T '
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Sept. 25, 1904, edition 1
13
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