Newspapers / The Charlotte Observer (Charlotte, … / Dec. 18, 1904, edition 1 / Page 3
Part of The Charlotte Observer (Charlotte, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
t CHARLOTTE DAILY OECHIIVEIV DEGEI1BER 18, 1C0I. mi cwrrox market stronger ' Higher CfcMe and Week-Knd Cover ing; Made the Opening firm at an vMaiN Wore Well lalntalneoV s, , , utile Support lot ceiling motodbm on Theory of Forthcoming Bearish T Glnners Report. - -.' - ".New York. Dec. 17,Th cotton win . . : ket opened firm at an advance oC 8 to -- - J4 point. In response to higher Liv erpool cables and covering by scatter ing shorts for over the week-end, end . la preparation,, possibly. Tor the gln--ner' report, expected early next week. , Some of the larger professionals p . -pesred to be elllng. however, on the ' theory that this reeport would make a ' bearish showing, and following the i sail, the market was more, or less Ir- - . regular. But the selling movement did Jpot attract popular support, being re , strlcted to some extent by the small receipts for the day, and prices dur ing the middle or the session were well y up to the initial figure. Trading as a U whole was quiet, and evening up for the week-end seemed to be the chief S, trading motiver v Receipts of cotton .at the ports to , day, 85,000 oalea, against 65,540 last week and 64,784 last year. For the week, 800.000 bales? against 323,305 last week and S0L661 last , year. To-day's receipts'! New Orleans, J, 105 bales, against 14.180 last year. . . Futures opened firm;. January, 7.65; February..: 7.71: March, 7.S2; April, 7.84; Har. 7.M; June, 8.02; July. 8.10; August -8.10. ' future closed . steady: December, 7.M; January, 7,81; February. 7.70; March, 7.80: April. 7.87; May. 7.93; June, 7.W; July, 8.04; August, 8.03; October, 7.08. Spot closed quiet; it :ig uplands, .05; middling gulf. fc les none. MILLER A CO. . ..PORT. Condition of the Cotton. Coffe, Stock and Grain Markets. By Private Wire to F. B. Alexander, Manager. COFFEE. New York, Dsc. 17. The coffee market epened steady and generally unchanged to 6 points higher, with sales on the call ef 28,00 bag. There Wus active buying Of September on the call and later' with a Front street house the r-hle takers. Well street and Importers appeared to be selling some of this coffee. Later In the session business continued twstive at the Initial basis, with a steady tone to the market. . COTTON. New York, Deo. 17. -Astonishment over the bureau's big figures had hardly sub aided before attention was turned to the next tinners' report, the figures of which are to include all cotton ginned up to De cember 13th. In some unaccountable way. a namor spread that the glnners' figures would be decidedly bullish and would dis credit the bureau's estimate. Interested parties encouraged this idea and a good many buyers were attracted to the mar ket In anticipation of a sharp up-turn at the expense of the short Interest. It would aeem, however, as If the bear elment were the ones holding out this eppnrently false hope, and, as soon as prices had mined to their liking, they immediately began to sell it short ugaln. The result , was seen In a quick relapse, which leaves prices, at the -md of the week, within 6 to 9 points of the low level touched on the collapse. Further decline would have un doubtedly occurred but for the very large amies In Liverpool during the past two days, the total yesterday being 16,009. It is true Increased turn-over has been at the expense of a sharp decline In prices, nnd cannot therefore be looked upon as anything but a sign of weakness on tho Ert of British holders. Rumors have been persistent for the past two days of Increasing nervousness and desire to sell by tho past two days of increasing ner by Interior merchants and farmers. This has been denied, but will not die, and un doubtedly has considerable foundation. It will be noticed that, although futures ral lied about 40 point from tho bottom, spots In New Orleans at no time advanced moro than H. and that this improvement has since been lost, middling Is now selywi there at 7J4 cents, a relapse of ;-cent In two days. This weakness In the spot sit uation Is th most serious symptom at the moment. The whole world is watch- ing the Southern holders, and the first sign of a general desire to sell will be the signal for an attack all along the line. There are some here who predict 7 cents for January before Chrlrtmas. Of course, these men expect the glnners' re- . iort to fully .confirm the bureau's esti mate, and, looking at the matter dispas sionately, their hopes seem to be well founded. The total ginned to November 14th was 9,78ti,009 bales. ' If the amount ginned between November 14th and De cember lath of this year should be only 70 per cent, of that ginned during the mm nei'lod last year, the total to Decem ber 13th would be 11,000.000 bales. From that date to the end of last season, there were ginned 1.808,000 bales. In the pre vious ye:vr, the amount ginned after De cember 1!Illi was 1,703,000 bales. Either of these figures applied to 11,000,000 would . give crop consldarably exceeding 1,000. ' 000 bales. We therefore cannot expect anything but a confirmation of the bu reau's figures of the glnners report, and we-feel that the trale had best make up its mind to the worst, and adjust itself to the problem which confronts It. It may not tolow that '.H cents or 7 cents should be the price for the balance of such a - crop, but It does look as if the H- and 10- cent cotton, carried over In weak hands, and now vainly walling for a sharp rally to sell out on, will have to be liquidated ; before there can be any 'substantial re covery In prices. It will be remembered that during October a good deal of cot- - ton' was. accumulated In expectation of getting 10 cents for it. That cotton had to be liquidated at a sharp decline, but the market ratliad after the load was re moved. Something similar seems ahead OC TUB .Iltw 19 ywBUIQ Hint. I ttii i" ' mny be seen before the liquidation . shall ' - ba fiomnleted: perhaps the aaaresslve bear. element, feeling Its strength, mny drive be all the better for the liquldiun.ii nnd thesooner It is ver the better. There will be a market tor every note or tni . i-ran anil when the dlMroxnetl cotton ' snail nave, pnn aisytKu bi, ii win ... found that the balance Ilea in strong ? -Titmw milt iimt miner priiv iiiubi in; :. " paid to draw It out, and especially should a late spring g1e caune for anxiety over the site of next year's yield. Europe i: Knows Kill well icuil me present years ' ' large out-turn was the result of an un V vsual combination of favorable conditions, neh as are not lo be reckoned on In : 4hip rstlpiiliLrinna for another wnr'a iun - are now selling at top-notch prices, be- : .' cause of their extreme scarcity. Cotton is so protean in us nature, mac it nas ,. auccessiuiiy . nuunmwaora at ail or mesa , en occasions, and no; doubt, will be lib-. .M rs.iix vim iu mi in iqq inQriosn, espvuiui- ly When the profits are so tempting. It may thua.be found that the consumDtlon ? at cotton will be largely increased by an i: tfnvnntA demand. mnA that nt. tk an A of the seasoot the surplus,-even .with a ; large crop, may m hardly visible to the . . wnicn caTfc cTVkniY d vennea MiAr in ine whi,: nimi inv ni.irHci. nas 10 aetu 4 ftpot cotton In thf ha wit at weak interior nainersi. B.iiu uimi iiikl iniu nnve mnn . - ngrmnnsnr imnrnTMnmi in nnPM, i .ivwr. . imn ! ausg tu cumv a Ninn mwir Mnn H ' STOCKS. , " New York, Deo. 17.To-dsy'a stock mar v ttU was strong on a moderate business. apices opened generally higher and made - fnrther Improvement up to the publics-' tlon of-the bank statement. That exhibit i.v was mors favorable than had been looked for ta the most 'enthusiastic circles and under cover of It there was considerable " pronvtaklng. which caused 'moderate re action.' The undertone, however, lost none . of its strength.: Outside of the sticgestiun -. af flnandul ease contained In the cltaiing house figures the only Important - news ' Influence related to improvement whhih further advices from Washington Indicat- ed ef conservative action on all subjects pending before Consrsss. In the railroad lint. Now Yorlc Cepcral was conBrlcuously : etroi'ir.i Ililni's Coitral .was bnueht in -- , -lion f.-ram Ir.crreSe In the e.vi-Iend rate nef year. Steel stotks advanced sharply on JTavorabie trades and ugge tbns that the short Interest In these stocks (were unduly j. extended. . united States. leather stock were lower In oon sequenco af publication, of the phta tor reducing the capitalisation. ,ln the last IS minutes prices for Union pacific, the hteel stocks, and a few others were Jab bed down sharply, but the market closed with a strong undertone. Pales 45. 400. ' Chicago, Dee. 17.Wheat has recovered from the depression early in the Keek on covering by short in anticipation of . a lighter movement in the Norjhweat after the first of the year.. This expectation Is based on lighter stocks in interior ele vators and meagre farmer' deliverlce. The future course of values la largely dependent on the Northwestern sltuathnl and tha attitude of the stronger specula tive interests.- vjeneral sentiment is unde niably bullish on the ultimate outcome: The recent period of uncertainty and ner. vousnes results from speculators antici pating a scarcity this .winter almost be fore the Northwestern harvests was cum llvted. . Corn- The large receipts of corn the past month huve been absorbed by trade, do mestic and export demand. The scarcity of cars suggests a lighter movement ana in Illinois in addition is tne - apainy ei the farmer, when D rices set below his terms. Prevailing value are CN a parity with those abroad ana any surplus wn may have will find sn outlet there. While this situation continues we look for a firm market. a,.,, ' ".-...-..i '"--v - Oats Tho current demand exceeds the light supply and stocks are being drawn upon for shipment. Though we do not anticipate any great immediate apvanuv, the tide uvmi to be turnlncr. ' . - Provisions rule rather duIL Hog re ceipts continue large. Local stocks have Increased since tho last official state ment. Cash prices: No. 8 yellow corn, i4 to v; iNO. 3 wniie, i no. wni, io- Wheat: No. i red winter wheat, I1.1C No. .! hurd wheat, 11.08 to f 1.10. . . MILLER t CO. J. 8. Bache & Co.' Cotton Letter. By Private Wire to L. A. Dodsworth New York. Dec. n.-fljiverpnnl showed rather aurnrliitna firmness as a result, it is said, of private cables,' coveting by short, and a demand from tne conti nent. Futures were 2 to 8 points hlKher; spot eotton advanced 4 points with sales of 5.000 bales. The local market respond ed to this showmg with a' gain of 8 to 14 points, and Willie tnere was consid erable cotton offerins- from some of the largest speculative sources, covering by smaller ebons, and commission nouses was sufficient to maintain the advance during the best Dart of the trading with prices in some Instances working a little higher.- Business as a wnoie was quiet, with evening up for over Sunday acceler ated by uncertainty as to the sinners' report next week, which at best Is a short one. ' owine? to the close of the market tin Friday night for over Christmas. We cannot see any change in tne situation worth mentioning jxcept that It seem that at the nreiet level some of the bear operations nre inclined to take on. fresh short line In anticipation or a nearisn showing by the Census Bureau. If this shows 11.400 100 bales ainned to December 14th. we shall be Inclined to consider it confirmatory of the government's esti mate, while If It should be over 11,000,000 bales, the tendency will be to Increase confidence in even larger estimates of the crop. The .narket looks to us like a scalping, proposition on tne snort siae on the cround that until the government es timate Is entirely discredited the view will be taken that the crop Is over re quirements and that any advance will be met by Increased offerings, and conse quently by a prompt reaction, while should the glnners' report show more cot ton ginned than expected a sudden break of considerable moment might ne en couraged. J. & BACHE & CO. C. P. Ellis and Co.' Cotton Letter. Special to the The Observer. New Orleans, Dec. 17. Liverpool ad vanced sharply, to-day, partly In sym pathy with the reactionary tendency developed In America yesterday, but principally because of weak covering to secure profits. In this reapect the market on this Bide seem to have ex hausted their power of reaction .yea terday, as locally, although superfic ially steady market has been Intrins ically weak from f.tart to finish, and after a spasmodic rise of 8 to 10 points, slowly retcdsu to yesterday's prices, closing r. rely steady. . - we have nothing to : . 1 to the views we have repeatedly a; ressed evening up of commitments or. both sides pending the approaching hcUlnys, should re sult in quiet and reasonably steady markets, but after .the turn of the year, we believe that price will work lower under the combined, weight of spot cotton, and re-selling of- specula tive commitments recently covered. C. P. E5LIIS ft CO. Hubbard Bros. A Co.' Cotton Letter. Special to The Observer.. New York, Dec 17. In the face of the remarkable good advices from abroad our market acted In a very disappointing manner. At the opening it encountered selling by spot houses, which supplied the local demand from the trader who, when no outside buy ing appeared, sold out their purchases at the close. There- was some buying for continental account, from new buy er on the prospective light movement, due to the bad weather. Every one knows of the holding back, which ap pears to check outside buying, for fear that any advance will be used to. li quidate upon. Few buying orders come from the South, and until the outside speculator see more" than pas sive resistance and not active assist ance they will be timid about buying. At the same time, the lighter move ment will being contental buying and check selling. HUBBARD -BROS. A CO. The Dry Good Market. New York, Dec. 17. The dry goods mar ket ' end the ' week with continued firm ness In nil directions and although buy ers are not operating to any; Increased extent, the sales which are being made uro generally at top figures with Httlo disposition to giant concessions in (order to force business. Jobbers are operating very conservatively. GUddens at Honolulu. Honolulu. Dec. 17. Charles J. Glld den, the Boston, Mass., ..millionaire, who. with Mrs. Olldden and a special party la making an automobile tour around the world., arrived here to-day. They will go from here to Luva In the Fiji Islands.", Mr. Olldden expects to complete his tour early in 1908; BALTIMORE PRODUCE MARKET. Baltimore, D-sc. 17. Flour duH. unchang ed. - V ? Wheat Weak; Bpdt and "December 8f.ll to tl.UK; Southern by sample 17 to tLlltt. : Corn Steady; spot new tott to 604; new Southern white corn 45K to 60: ; Oats-Steady; No.; S mixed 861, bid.- ' NAVAL STORES. Wilmington, Dec.! 17. Spirits turpentine firm: receipts. It casks. Rosin Quiet, 2.40; receipts 13. , Tar Firm, LOO; recelpta . s v Crude turpentines-Firm, S.tOand 8.40; re ceipts 45. - , , , r ; no more suffering; . If you are troubled with Indigestion get a bottle of Kodol Dyspepsia Cure and see how quickly it will cure yon. Geo A. Thompson, of Spencer, la., says: "Have had Dyspepsia for 20 years. ' My case was almost hopeless. Kodol Dyspepsia' Cur , wa recom mended and I used a few bottle of it and It 1 the only.' thing that has relieved' me. V "Would not be. without it. . Have doctored with local physi cian and also Chicago, and even. went to Norway with hopes of getting some relief, but1 Kodol Dyspepsia Cur is the only remedy that ha edone me any good, and I heartily recommend it. Every person ufterfng with Indiges tion or Dyspepsia should use it.'?. Sold by R.'II. Jordan & Co. f ;'v STOCK M.UUtET TVRXS WEAK. ' ' ii ii . i - i s" After the Appearance of the Bank Matemtnt Ajnalgaanated Copper Be - iraa to IUn Itown Hill and the ' Whole MarkK Promptly Responded. New Tork, Dee. 17. The stock mar ket gave evidence of further strength and growth of confidence to-day, but when Amalgamated Copper begun to run down hilt In the final transaction the whole market promptly respond ed; -thus demonstrating the Influence still .held In the market by that stock and by the operations that have re cently centered in It. Teh closing was in consequence, weak. " The most con spicnous strength of the day was shown by the United- States ateel stocks, re garding which there were many reports "current of an Intended resumption of speculative operation for a rise well a of large order for steel rail and other products. The an nouncement of the re-organisation plan of the United States Leather Company was the signal for some heavy selling of those stocks, which seemed to indi cate' dissatisfaction with the plan on the part of the stockholders. The weakness of these shares had some sentimental effect on the general list, and the advancing tendency with which the- market opened was not resumed until, effective support was offered to the leather stocks. The final selling movement left many stocks below last night. The extreme ease of the pres ent money market led to the neglect of the figures of the bank statement. It was- after the appearance of the bank statement that prices began to drop. ' Sterling exchange was strong, and rose 26 points. Total sales of bonds, par value, 8z,03u,0oo. - Total sales of stocks were 654,700 shares. Including: Atchison, 8.600; Bal timore ft Ohio. 14,400; Chesapeake, 2. 000; Great Western, 7.600; St. Paul. 6,800; Illinois Central, 8,500; Louisville ft Nashville, 6.900; Missouri Pacific, , 700; New York Central, 7,400; Norfolk ft Western, 2,900; Pennsylvania, 23, 400; Reading, 16,800; Rock Island, 16, 800; Southern Pacific, 12.800; Southern Railway. 5,200; do preferred, 700; Cop per, 85.400; General Electric, 11,000; United States Leather, 122,000; do pre ferred, 8,900. j LIVERPOOL COTTON MARKET. Liverpool. Dec. 17, 1 p. m. Spot cotton (Viet; prices 4 points higher; American middling fair 4.S7: rood mlddllnar 4 .13: mid. dllng 4.23; low middling 4.11; good ordinary oramary am. The sales of the day were 6,000 bales, of which 1,000 were for speculation and export and Included 5,803 American. Koc-lpts 31,000 bales, includ ing 30,300 American. Futures opened quiet and closed steady, American middling, g. o. c. : December .i; December-January 4.16; January February 4.18: February-March 4.22; March-April 4.16; April-May 4.29; May- .iune .iz; june-j.uly 4.S4; July-August 4.26. NEW TURK PllODTTCB UABIfF.T. New York, Dec. 17. -Flour steady; Mln nesota bakers, 14 40 to $4.75. Wheat Easy; No. 2 red nominal Op tions closed 4 to c net lower. May ti.ji; auiy ?i.u.'-; jjecemocr Lit. Corn Firm; No. 2. 62 asked, elevator. Cptlons ',4 to He net lower. May 61',; December 54ii. Oate-Steady; mixed 34H to 35'i Lard Slenrlv rcflnej steady. Pork St.... !v family 14.50 to 16.00; short clear la..;, i.. !..;. m?ss 13.00 to 12.50. Rosin '-uii I. Turpcnlli:e-Kum. 61 to 61. Coffee Spot Rio steady; No. 7 Invoice 81; mild tlrm; Cordova 10 to 13. Sugar Raw firm; fair refining i; refin ed firm; confectioners' A. 5.60: mould A. 6 00: cut loaf 6.35: crushed 6.85: powdered 5.76; granulated 6.65; cubes 6.70. : The market for coffee futures after opening i points lower on July and un changed to 5 points op other months, ruled Senerany. active and nrm. rne close was rra at a net gain of 6 to 10 points. THE MONET MARKET. . New York. Dec. 17. Prime mercantile paper 4 to 4'i per cent.; sterling exchange strong with actual business In bankers' bills at $4.87.50 for demand and ut $4.84.80 to 84.M.S6 for 60-day bills: posted rates 84.85 and $4.88: commercial bills $4.84 to 44.84H: bar silver M): Mexican dollars V4; money on call nominal; no loans; time loans easy, 60 days and 6 mouths 34 to 3. NEW ORLEANS COTTON MARKET. New Orleans. Dec. 17. Futures were 8 poirts up. The usual Saturday dullness was apparent almost from the first call. Transactions were very light with fluc tuations of but 4 to 6 points. In the trading January opened 8 points higher at 7.67, declined to 7.49, and finally gained 2 points to 9.51. The market closed quiet with net gains of 2 to 4 points. NEW YORK COFFEE MARKET. New York, Dec. 17. Coffee firm. Sales 141,000 bagK. January 7.40tj7.45 February 7.66497.60 March 7.70$(7.75 April 7.807.RS May ,7.968.00 June 8.06lO July .Hr8.20 August 8.2O98.S0 September 8.2008.35 October 8.3&6K.40 November fl.4668.o0 December 7.406(7.45 NEW TORK BONDS. V. 8. refunding 2s. registered 104'i U. S. refunding 2k. coupon 104H U. R 8s. registered J04V4 U. S. 8s. coupon 1044 U. 8. new 4s, registered 120 U. 8. new 4s, coupon 121 U. 8. old 4s, registered 10CH U. 8. 'old 4s. coupon 106 Atchison general 4s IK Atchison adjustment 4s ti Atlantic Coast Line 4s 99 Baltimore ft Ohio 4s 1034 Baltimore ft Ohio 3s 98U Central of Georgia 5s.. Ill Central of Georgia 1st Irfc. l Chesapeake ft Ohio 4H 107H Chicago ft Alton 3V4e 82 Chicago. B. ft Qulncy new 4s 100W Chicago. M. ft Bt. Paul gen. 4s 110 Chlcaao 4k Northwestern consol 7s.. 129 Chicago. R. 1. ft Pacific R. R. col. 6s 93 C. C. C.' St. Louis gen. 4s 10U Chicago Terminal 4s 84 Consolidated Tobacco 4s n'fr Colorado ft Southern 4s 80 Denver ft Rio dmnde 4s 1:4 Krl prior lien 4s 101V4 Erie General 4s 1H Port 'Worth A Denver City 1st 107 Mocking Valley 4M m Louisville ft, Nash. I'nlfled 4s 1034 Manhattan consol gold 4s ..104 Mexican- Central 4s 78 Mexican Central 1st Income 22 Minm ft St.-Louis 4s "4 Missouri, . Kansas ft Texss 4s.. ..100V Missouri, Kansas ft Texas 2nds.. .. 85 National R. R. of Mexico conso 14s.... U',fc New 'York Central gen. 8tts 101 'i New 'Jers-sy Central gen. 6s 136 Nortnern Padno s uxr Northern Pacific 2s - W,i Norfolk & Western consol 4s.. .. ..100 Oregon Short Line 4s ft Partlc. .. ..10S feun. conv. 3s.. ..- iw Reading General 4s. .... .102 u iamus 4k Iron Mountain con. .... run tit. Louis' i Sinn -FranclscO fg. 4s.. 89'A St, Louis Southwestirn lets .. 97 Eeanoard' Air Line 4s .. Sduthern Paclflo 4.. 53 Southern-Roil way 6s,.... Wi Texas ftPadflelsts .....119 Toledo, St.-L. ft Western 4s.. .. 8S CplonPaelflo '4aT .... 106 Union- Paelfle conv. 4s . 110 IT, 8. Steel 2nd 8.i..-. . Mi Wabash lsts ,. ,. .........117 Wabash Deb. B. ...... ...... j ... 68 Wheeling ft Lake Erie 4s.. .. .'; .. 92H Wisconsin central 4s.. .. .. .. .. ... .. szi COMPARATIVB PORT RECEIPT8.- - Wc .!..;. - 1904.-. 1901 Galveston tm New Orleatt -...'.. 8.105 14,180 Savannnn '-....r. ..v 8,658. ; 8,968 Chnrlenlon j..... Wl - . 980 Wilmington v .. i. , ....'; 2,822 Norfolk -4' Boston: .'.'. w..,vii-,'.0 Philadelphia,,11;.?:..' .. ..J.V-VI J.:V..-'17 Pensacola .. . ,. M i " 7,830 ; Total, .etli&ate4 . ii'..'.28,0M , 84,784 . - CLOSING 8TOC3C QUOTATION ' ' , o Closing Bid. Canadian Paclfla ... ...A.. ... ,tff.l"H4 Central of New Jersey ..... ..... ,..,..1M Chesapeake ft Ohio ...... ... ..... . 8 Chicago- Alton.. .. -r, ., .. .. t Chiraao & Alton Dfd ........ ... 78 Chfaeso 4 ttreat Western .. .. .. .. ftt Chicago ft Northwestern ., .. ... ...24 Chicago, Milwaukee ft St. Paul cnicugo, Miiwauxe at. mm pin ..im Chicago Terminal 4k Transrer........ Chlnnso Terminal ft Transfer ra.. .. II C. C...C. ft St. Loul ,m. .... .. o. Colorado Southern ..... ...... .. 21 Colorado Southern 1st pro.. u Colorado Southern 2nd ptd.v 36 Delaware ft Hudson .... 1M Delawara. liok wanna Wester ..830 Denver ft Rio Grande pfd . Krte .. .. 86 Erie. 1st Dreferred.. HSi Erie 2nd pfd .... fifths HOcKlng valley K( llncklna Valley pfd KM Illinois Central 154 Iowa Central Iowa Central pfd... Kansas city Southern ... . Ksnsas City Souther pfd.. , LoulsvlUe ft Nashville Manhattan L Metropolitan Securities Metropolitan St. Rr. Minneapolis A St. Louis ... 65 Ii ... ...140 i . . . T7Ml IHM4 IRH Minn.. St. P. ft Sault Ste. M t Minn., St. P. ft Sault 8t. M. pfd.. '..14H Missouri Paelflo 107 Missouri. Kansas ft Texas 814 Missouri. Kansut ft Texas pfd..'., .. i Nations I R. R. of Mexico pfd 40 New Tork Central 1404 Norfolk ft Western ... .. ... ..r. .. 78 Norfolk ft Wester. i pfd Vl Ontario ft Western 4.'iH Pennsylvania 1'H l'ittebirg, C. C. A St. Louis .. ..TO Reading ., Heading 1st p'd w Reading 2nd pfd.. 82 Rock Island Co .' 8.1 Rock Island Co. pfd ,. H3H St. Louis ft San Fran. 2nd pfd 6TH Bt. Louis Southwestern .... xs 8t Louis Southwestern Dfd 57 Southern Pacific 62H Southern Railway 84H Southern Rallwsy pfd .... .. 804 Texas A Paoifle U Toledo, St. L. 4k Western MU Toledo. St. L. ft Western pfd to Union Vaolflo. ..U0'4 Union Paclrio pfd Wabash Wabash pfd ... 964 ... S-'i 4 Wheeling ft Lake Kris Ui Wisconsin Central 21 Wisconsin Central pfd 46 EXPRESS COMPANIES. Adams 23$ American 206 United States 11 Wells-Fargo 239 MISCELLANEOUS. Amalgamated. Copper ,. 67 American Car 4V Foundry 33 American Car ft Foundry pfd tf'2 American Cotton Oil 85' i American Ice 7 American Ice pfd 884 American Linseed Oil 16 American Linseed Oil pfd..... 67 American Locomotive 93 American Locomotive pfd lOSi'l American Smelting ft Refining 79 American Smelting ft Refining pfd.. ..112 American Sugar Refining .140H Anaconda Mining Co 1....IO6 Brooklyn Rapid Transit 89 Colorado Fuel A Iron .. 40 Consolidated Que ...201 Corn Products 20 Corn Products pfd 78 Distillers' Securities 37 General Electric m International Paper 24 International Paper pfd.... 1 77 International Pump 89 International Pump pfd 86 National Lead 23 North American ....100 Pacific Mail 44 People's Gas 106 Pressed Steel Car ... 89 Pressed Steel Car pfd 90 Pullman Palace Car 283 Republic Steel 1 Republic 6tel pfd 66 Rubber Goods 26 Rubber Goods pfd 98 Tennessee Coal ft Iron 70 United States Leather 14 United States Leather pfd 101 United States Realty 80 United States Rubber 32 United SUte Rubber pfd 82 United States Steel 28 United States Steel pfd 81 Westingbouse Electric 183 Western Union 94 CHICAGO PRODUCE MARKET. High. Low. Close. WHEAT December May .. .. July CORN Decembcr . May July .. .. OAT6 December May .. .. July .. .. PORK December May .. .. January .. LARD May .. .. January .. RIBS May .. .. January .. 110 108 109 ill 110 110 98 Ml 98 45 45 45 45 45 45 45 46 45 , 29 29 29 31 31 31 21 81 31 11.28 .12.95 13.82 12.82 12.47 , 7.12 7 07 7.07 . (.85 6.S0 8.S0 8.77 8.72 8.72 (.47 6.42 4.42 INTERIOR RECEIPTS. 1904. 1908. 2.8S3 2.C87 3,02 248 12,056 Memphis .. Augusta .. St. Louis . Cincinnati Houston.. e ...6.924 This Week. .4.502.193 .3.827.192 7.0H8.222 . 428.062 . 820.447 1,028.770 286.608 , 2fi2.61S , 235,600 , 871,971 Last Week. 4.278.113 2,724.112 493,067 282.495 1.017,048 3D6.M 241.821 243,811 774,066 Last Tear. 8.806.271 8.217,271 6,174,212 298.762 28.8T4 821. 846 202,987 264.062 2S6.670 842.141 Visible supply .... American Crop In sight... During week ... Port receipts Port stock Export Interior receipts. Interior ship Interior stock.... Corrected Dally by Tarbrougb Bellinger. Goat skin, green salted 11 O II Lamb (kins; green salted 88 ft Beeswax-No. 1 18 Tallow-No. 1.. 4U Hides dry flint.. IS HlriM dnr nit 11 VtlAmm nit an.. MX Hide green salted cured 8 Pair alttnaeitv. '.. 88 8bep skins full wool.. 7 1.0 CHARLOTTB PRODUCB MARKKT. Corrected Dally by 1. W. Zimmerman M Compaay. Chlckens-eprlng f 18 28 Hens per bead .. .. 88 6f H Eggs .. :,. duck m ' Rye L88 Oats 84 8 Oats-teed 48 a Cotton seed .. , ; Corn .. ........ ,. ., .. U ' NEW HORK COTTON MARKET, New Tork. Deo. 17. Future closed steady. '' Hign. low. ciose. January.. .... .... 8.78 ' .61 V, 7.6lr(2 reoruary .. ..... .. i.n t.a i.ivsta March.. T.88 7.8J 7.81 April .. .. .. .... 7.94 7.82 T.878 May.... 7-88 7.93 7.M-u4 June .. .. .. .. .. 7.990 July .. .. .. 8.18 8.06 6.04OJ August., a. iv os t.ffvnm October 8.85 8.0S 7.98M02 December .... 7.6 7.60 7.6SfcSS Middling, get; spots, y up. " PORT MOVEMENT. i , . Middling. Galveston, quiet .V a !. ....7H New Orleans, quiet ..78-16 Mobile, steady ... ... ...... 7 Savannah, quiet ., .. ....7 Charleston, aulet ..... ................ .75k Baltimore, nominal ......7 New York, quiet.,..., ... ... 8.' Boston, 'quiet- .7.9 Philadelphia, steady . .. . . .8.30 ? OfARLOTTB iXrTTON MARKET. . ; These figures represent prices- paid to warons; vec . Good tnlddllag e4k' a-'"'- at Strict middling ......7H MlddUng ...... .w......... ..7H Tinges ....... I..... to 7' Brams iu.o. v..Cv. ...6!4 to & COTTON MILL IVlACMIiME. 4 . . Stuart W. Cramer, . MAIN 4iegl SOUTH TRYON fT., ' OHARLOTT. N. O. Revolving Flat Cards, ' Railway Heads, Drawing Framas, 5plnnlng Frames, Twisters and Spooler Qulllers and Reels, Looms, COMBERS ETC., ETC. S. CASTNER. JR. Ci Ci POCAMONTAP1 fill IT IS THI STANDARD FUEL OF THE UNITED STATES NAVY The United States Geological Survey Pronounces It THE STANDARD STEAM COAL. Owing to the fact that wo represent thlrty-slx (.16) rnllsrles. whose nut put during 1908 amounted to four mil. Hon (4,000,000) tons, exclusive of coal converted Into coke, and will probably exceed four and one-half million (4,(00,000) ton during 1804, we are prepared to estimate on and fill promptly any tonnage that may be desired. CASTNER, CURRAN & BULLITT, Sole Agents , 0. 0. B. POCAHONTAS SMOKESSCOAL. Arcade Building, 1 South 18th Street, Philadelphia. Pa.; 1 Broadway, New York; 128 State Street, Boston, Masai Cltliens' Bank Bldg.. Norfolk. Va.; Terry Bldg.. Boanoke. Va.; Old Colon y Bldg., Chicago, III; Neav Building, Cincinnati. Ohio; 4 Menchurch Ave., London, England. ;. . , Orders for rail shipment to the Carolina should be forwarded to our Roanoke Office. , CONDENSED STATEMENT or The First National Bank RICHMOND, VIRGINIA. November 18, 1804, RESOURCES. Loan and discounts Overdrafts U. 8. Bonds at par 94 06s A 438 16 (12,100 M 0 08 81.804 88 . 38,000 00 00 . 18,080 00 . 800,000 00 .. 1.(82,888 28 (Market value W4Z.mo.wi Premium on U. 8. bonds Other stock and bond Banking house Furniture and flxtura Other Richmond real stat. Virginia bonds Cash due from bank t8.828.80S H .1 800.000 80 . 400.000 00 LIABILITIES. Capital surplus tuna Undivided profits' TImmmmI Alattfi.inta ,. 12.696 M 40.000 00 Accrued Interest and taxes . 20.88ft 81 Circulation Deposit Bond aocount . 887,800 00 1,401,79 11 442.600 00 88,628,(08 11 Wt solielk tha accounts of banks, cor porations, Arm and Individual, and will be oleascd to meet or correspond with those who contemplate making changes or oDsnlns new account. JUUC St. miuuaia. Jr., vasusr. Our Coal DOESN'T COKL But It docs "GET TOGETHER" and BURNS LONG AND HOT. There1 no clinker, slag or elate to cause dirt or dissatisfaction, but It burns to a CLEAN. PRETTY ASH. Tou know us well enough to know that WE WONT SELL ANYTHINO BUT GOOD COAL, and that's the kind we will send TOU, whether your order be for a bushel or a Car Load; we're prepared. to handle either. Yarbrough & Bellinger WHOLE8ALE, ANTHRACITE, RETAIL, BITUMDXOUS, COKE AND COAL. NO. 00 WEST THIRD STREET. THE WHOLE BLOCK. CATLIN & CO. Commission Merchants. S45 and 347 Broadway. NEW YORK, BOSTON. PHILADELPHIA, COTTON YARNS. ALL NUMBERS, SKEINS, WARPS. COPS AND CONES. COTTON GOODS. HIGH-GRADE SPINDLE LOOM, EN GINE AND VALVE SCOUREB, BSL OIL k ORXAnB, LUBRICATING ORBA8ES, READY MIXED PAINTS. COLD WATER FAINTS. Agnta WATTLES' DRESSINE COMPOUND. The George B. Hiss Oil and Supply Company, CHARLOTTE. N. C. YV.B. Smith & Co. BROKERS Hew York Consolidated KlKBIB Chicago Board of Trad, TOCm GRAIN. PROTIS IONB, COTTON. Frivat Wire, k---; Wa Itm avanr tenllltw far tka taroapt axMatloa ef order. ; ' Market LetUr om Apncatio. v Emplra Building, 11 BroaJki i 'wny, Nw Tork. i CNQINCER AND CONTRACTOR. .: .... Slubbers, -Roving Frames Intermediates, Jack Frames , XI. B. CURRAN. Castnor, Curran & Bullitt Solo Afjonto for tho Colobratod Bi Pocahontas Gil THE BEST STIAM AND DOMESTIC COAL MINsT The only Coal that has been officially indorsed by the G6verhcis.its of Great Britain, Germany, Austria and the United. Slates, J. Spenobb rr XER Go. . COMMISSION ME ANTS. . . ' ? , OFFICES; New York. Philadelphia, Chicago, 8t LoUla London, England. YARNS AND COTTON PIECE GOODS. Crompton-TKayer Loom Co. WOHCllKSTKn. Maw. MANUFACTURERS OF ' FANCY COTTON AND GINMA MLOOIiS, ALSO MAKERS OF POBBIE8, EITHER 8IN0LK OR DOUBLE INDEX TO BE APPLIED TO OTHER LOOMS. SOUTHERN REPRESENTATIVES. ' ALEXANDER & GARSED, Charlotte, N. 0. CECIL C. MORGAN, U. E. t O. E, Late B'ate Commissioner of Mine an U. & Court Inspector of Mine for State of Colorado, . . C. C. BEDDOES, C. E., Civil and Hydraulic Engineer. -! ' ERNEST GATFORD, M. MeUllurgltal Chemist ' FRANK P. CALLOW, C. G. a H. E, Constructing Engineer. MORGAN, BEDDOES Su CO., Successor to Gayford 4 Callow, MINING AND CIVIL ENGINEERS. Charlott. N., C. Mining, Engineering, Aaeaylng and Analyses. AH Mining and Mia Mill Machinery designed and constructed. TEMPORARY OFFJCE: 26 W MILLER & COMPANY, EXCHANGE BROKERS No. 100 Broadway, -. .NEW YORK Member New York block Exchange, New York Cotton Exchange, New York Produce Exchange, New York Coffe Exchange, New Orleans Cotton Ex change, New Orleans Beard of Trade, Chicago Board of Trad a Transacts a general brokerage and commission business. Exeeutee orders for the purchase or sal of stocks, eot ton, coffee, grain and provisions for cash, or will carry the same on mar gin, DIRECT PRIVATE WIRES TO ALL EXCHANGES. Prompt atten tion to all orders. Branch office, No. North College Street, Charlotte, N. C. F. B. ALEXANDER, Manager. A D. Salkeld & Bro. COMMISSION MERCHANTS. -72 Leonard St NEW YORK. COTTON YARNS. WITH Fred It Vietor & Achelis. RICHARD A BLYTHE Commission Merchants, Cotton Warps and Yarns. No. 114 Chestnut Street, Philadelphia, Pa. C. P. Ellis, jr. P. Henlcan, C P. Ellls.Jr CP. Ellis & Co Established 1(30. uuitcinv ii i.ilOOiUil L Members of the New York Cotton Ex change, New Orleans Cotton Ex change. Liverpool Cotton Brokers' Association, New Orleans Board of Trade.- ; .. c- , Cotton Exchange Building - NEW ORLEANS. ' Special attention given to execmtlng of orders tn contracts for future deliv ery of cotton In all the markets. ' ' CORRESPONDENCE SOLICITED HUGH 1TRAE & CO., ' ' Bankers. -' COTTON YARNS. MISCELLANEOUS SOUTHERN KKCURITI KS, COT-, ' TON MILL STOCKS. WTLMlX.lOV, N. C. T"rt"M.IOT, I. C, 41' 'y ItANCH OSflCi l EQUITABLE EUILCIN 3, ATLANTA. C . ' iJL.j Automatic Fetors, , Openers fin J Trur.' , Breaker, Interr.icJ:. ;: - Finisher La rr"5. Klrscnnertarc.rL;-; ; . Thread Extractors, . Watte PicUrs, etc. Raw Stock Dryer:. ETC., ETC. W. C. CllUIX. i 4 Civil Engineering, Water Fowera examined and reported on. Rewerage and Sewage disposal plants designed and constructed. est Fifth Street; Fhoa I7 L. A. Dodsworth Dolph M, Young L. A. DODSWORTH & CO., Bankers and Brokers . . ' Members New York Cotton Exchang . and New Orleans Cotton Exchange. , Prlvat direct wlree to New York, New Orleans and Chicago. Co ires- , pondents: J. & Bach 4t Caw New York; Hayward Vlck aV Co. New Or leana; and Bartletta, iTtudar and ' Carrlagton, Chicago). , Out of town orders promptly exe cuted. , 'Phono No. lit Clurlotta, N. C William 0. oharlos Amsterdam,' N. Y. . ; Cotton Yarns for the New. York State Knittinar Trade. MILL ACCOUNTS AND COR-.-RESPONDENCE SOLICITED. . WM D'OLIER & CO., Commbslon 'Merchants.' COTTON YARNS. Third and Chestnut 81.. ., Mariner and Merchant Building, PHILADELPHIA, PA, ' . JAMES' E.inTCIlXLL, COMMISSION MERCHANTS ) Cotton Yarns. - CONSIGNMENTS SdLICITED. Philadelphia, 12 and 124 Chestnut St. Boston. ...... ,..126 Summer at., j CHICHESTER'S VIW: A irtr4 P- g,-'i' r M i. ' ft is i . W ED ttM ktm 4 nejiatMa w . wl-a liMMft. 1 4tH a) a, 4s ,' 8lHltllJytt aa ( m. Cbi I j r . t ftisWUlMask a..-. ' .4 M. R. DICKSON. 3. II -. dicksoit a nur- commission urrr.c::.'. 'C0TT02T G00I NEW YORK, - - ir3 I . can orrrn trn.T?s MODATIO -3 Al t'O y . any i i: "T-c: '. ":..,. IiraUAL 1. nurr
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 18, 1904, edition 1
3
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75