Newspapers / The Charlotte Observer (Charlotte, … / July 22, 1907, edition 1 / Page 8
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riilNIl " 'ivy of the Market Had a , i r Jn.'ncnce on !evurltles ; d lYcndnnan Analysed i f 1 r ! I.'iiw of the Declines of Iu- v -.iniont securities ana figures 1 hut the Price of Raw Material Viwt Como Down Soon. 4 New York, July a. Tho stock market ot' the past week has revealed the cross currents of speculative sentiment run ning, on the on hand., through the chan i-.f In of tha Northwestern and Pacific Rsilroal stock, where efforts centered on en. advance In prices and a stimulation of speculative interest, and on the other .hand In the Industrial group,, where evir 'tn'iicei of trade reaction caused some do- prci-slon and hesitation. The easing ten ionrv of th monev markets has been jcviving influence on securltles but this .wan under the restraint of tho dubious n'trrlor nrosneet and the short time .re- , ivainlng before the strain of th-s Interior Qf.mar.d tor currency to move tna, crops may be expected to draw on New York hi,nktnr rMiircea. The stiniMT Of SDOC- uliitive interest in a limited group of blocks has not provad convincing of . any :rriva of aufcstantiai investment o' k A recent article by M. Paul Dcrov- ,Frtu!leu, th dlstngulshed French eco- rt mist, analvs nz the orooiema oi tne ca- vline in Investment sacuritles i and the , rt.rosnects for, their recovery, concludes ' 'that a period of inflation has led mp to the present anuauon. which conclusion commands general agreement. There must come, first a shrinkage of specula tivc seouritlev next a fall in prices of mw materials or niamiracture. notaoiy Metals. Heal capital. hs holds, presents " an insufficient supply for rations whose spirit of emt-rpris so far stimulated as tf lose si7ht of all limitations, as he -. maintains has been the case both in the Vntted States and Germany. He -ealrU- . iiidi rnai ma (inicpci ouiiua hub uiiurt' taken tOf sband In a single year for- all industrial and financial purposes two billion to two , one-half billion dollar v vliila the annually Accruing capital of the United States probably 'do a not rsrh nmXthlrit of that sum. Meantime. foreign supplies of capital were absorbed . In unusually large Home enterprises ano were depicted also by the destruction of capital In war loans .and m the iwn 'Francisco earthquake. ? From which It has followed that users of capital must pay more -for it in a higher interest ruts and they will have to postpone or ex tend for several years manyenterprlses for which preparation already has been made, Industrial and financial markets must. In-' measure, reduce the scale of prices and, in some proportion, the price of raw material must come down. Events ' have too tar proved tne operation or an these forces to leave ' room for ' dispute. The Journal of Ccmmerce has mad a compilation of new . securities created -in 4 the United States during the Jlrst half of 1907 showing a total of $l,Srr,72S,M0 with irsues since January 1st of $7JS2tir j no. Of this amount aO3,651.00O has been in short notes at high interest rates, re flxetlng tho urgency of the requirement. M. Lcroy-Beaulleu says: -''The existing situation in the financial markets offers to capitalists and inves tors generally the opportunity of which " they have been deprivfd for nearly 39 years, of securing a suitable return on their invested capital." Nevertheless. Investment demand in the New York ' narket still halts. One of the principal mtralnlng factors during the past we. k was the declining tendency in prices of the iretals. ... Reports from the iron and steel mar- Icrts were of a falling oft In orders for finished nrelucts and a condition of com plrte dulln9s In the iron market, with fears of a posgihle deadlock between tiuyers and seller? such e characterized the copper market. Authorities In the Iron trade say the prospect promises ' return to more normal conditions, with nwntrarce of a waiting demund on a re aJnwted price basis sufficient to afford it ' continuance of highly prosperous iifeds. . 1 . , ' The extent to which tne curtailment in future .plain of the railroads my effect tha demand tor icon and steel U, us yet, ... 7-.r,.hl,.TVi til 1KI3. WlliCh IS tl,- latert period for comparison of simi lar condition, the railroads were pushed frr' capital -supplies' und forced to re trench, but without marked effaet on the mumptlon nf iron products until during the second half ( the year, when the tvurie wns in deep depression before the expiration of 8eptmber. News of the topK last week were sat irt ifitory and addd to the conrWenci tl.it the country will have an availably Hit plus to supply the urgent needs of Europe, at high!v profitable rates, money , tfctt8 relaxed hero and ahrond. With tlk winter wheat harvest already under way nd the New York exchange rate at t'h'caao d-clinlng, the period of the com ing demand, on Kastern bankers re-sot-rces to move the crops becomes of early consfjuenee. ODDITIKS IX TKANSFKR SI-IPS. Asbville Had a Iunih System Portrait. Involving Brooklyn Eagle. A vinltor from Ashvlllc, N. C.t took ride on the Brooklyn trolley lines and got tangled up in the new, tranH fer system. Eventually he got back to his hotel unhurt, hut on the vrge of a severe mental fulmlnatlon. "Once 1 thought that Ashvllle had the most complicated and trouble some traiwfer Mystem In the world," he said, "but Brooklyn has an toeaten whole blocks. I'm all in & fever after trying to tinderstand your transfers. "Down in Ashville the street rail road company had the mont complerte transfer system you ever saw. The system was built on the principle ot having; a holder's picture with every ticket like they do at expositions to Identity holders of long term tlokets. Of course, the transfers dMn't have an exact likeness to fit each passen ger, hut the margin of the long slip was covered with little pictures, sup ipoaed to cover all the types of men, women and children. Conductors .had orders to give careful scrutiny and then punch under a, picture bear ing the nearest resemblance to the passenger who was to receive the transfer. The conductor were vare less and they would sometime punch the picture of a bearded man on a transfer Intended for a clean shaven passenger. This led to all sorts of fights. "The feature that caused moat trouble was the age sections. P,r the women there was an 'under 40' and orer 40 section, where the conduc tor punched his estimate of a lady passenger's age. Naturally every woman resented u wncn ever a con . ductor punched 'her transfer In the 'over 0' plcsee. Home of the w.jmen went so far as to begin proceedings against the railroad. The women were usually Identified toy their head gear, and conductors were always punching transfers under certain styles of fconnef for passengers wear ing an entirely different style. The conductor on the next car would no tice i th difference and refuse the transfer. ; 8o mufh " trouble resulted that the system had to be abjllsh- , ; Barbecue Dinner to Tenants, ' Kingston Fr Press. ' ' A few days ago Mr. Klrby fiuttjn. of MGrange, gave a harbecne dinner to tenant and a few friends at his farm In Moseley HU township. This Is somethlnf rather unique and nark sack to - "y olden (Jays' when plantation Ufa wa in glory and master and stave dwelt together in harmony and sympathy under tha ancestral vine and flg-trea. Mr. Jut ton's barbecue feast to his tfenanta In anticipation f B v abundant harvest watt; in; th nature of a thanksgiving as wen a a recognition of faithful end efflcient aervica he' had received. It was not without the touch of rd , mance, and was commendable, , And by the way, wouldn't the cauie he helped If we were only to give mors ",, ! trt "imUHt""iwr(4a m f mrm V bMtVIMt - T IbV aM ' t'lia ii - r.l t rii!) Ot:iiHk and rri'M iit hii I 1'roMXMHlve Tradii Mtuailon I'ri-fiiU htatciucnt ot Ik-ouomlc . foiiditions Crop Will Jicct the A'orld8 Demands at 12 Cents v Correspondence ot Th Observer. New.York, July 20. I am somewhat amused by the critlsm, with which my publleation of a single bearish tel egram was Teceived yesterday after noon. The paradoxical advance in the market, which is attributed to the publication of that dispatch Is equally amusinsr. and shows that the whole speculative situation Is resolving Itself into an attempted solution o: tne per sonal, rather than the economic, sit uatlon. ; . ' ... anr disposed to expect a substan tial decline in the cotton maraeu-.Tnia expectation is based not only upon the changed crop outlook, tout upon the present and prospective .trade sttu atioa. . - k . Securities of unquestioned sound ness. such as the secured gold notes of the Chesapeake &' Ohio Railroad, are being publicly offered, as will toe seen from this morning's in ew torn. sun, on a 1-2 per cent toasls; toankers Probably got them on ft I per' cent. asis. Obligations of industrial cor Dorationi equally good, are ontain- ahle on an 8 per cent basis. Iahould be glad, to describe them to any would-be investors, personally, I hesi tate to mention the names of the cor porations, lest ' such mention be re garded as invidious. Monsieur- IieRoy Beaulleu, admitted to 'be the foremost economic authority of the age, in an article recently analyzed iby The New York Evening Post states that Amer lea's requirements of new capital are 2.000. millions of ' dollars, annually, and that the capital requirements of other countries. In Europe and tho Or ient ape nearly twice this sum. He says that, with the present high cost of living, raw material and v wages, there" is. not enough free capital being accumulated to meet these require ments, and suggests very emphatically the imminence of a consequent indus trial reaction. n th Is respect, Mr. Vanderllp, vice president iof the City Bank, is In definite agreement with him. Comlna down to details. It is to be noted that, although statisticians fig ured that the demand for copper was In excess. of the supply, the. price ft copper has- declined nearly 4 cents a pound, within the last two or three weeks, and, even at the decline, the demand seems to be apathetic In regard to the iron: trade, The Iron ; Aga' of to-day:, aays: i : "Barely have. reports from all parts of tho country agreed ao thoroughly concerning the condition of the pig iron markets. They are lifeless. Prac tically all pressure for immediate de livery has disappeared, and the com plaint is even cropping up among melt- ers thut some furnaces are crwodlng shipments omthem." The markets for Iron, copper and cotton, may be regarded aa the expon ents of Industrial activity, in regard to the demand for cotton goods, Tho Manchester Guardian, in a recent la- sue, says: 'Certainly, Manchester news la poor enough, so far as new business is con- erned. . . , ,,. . ..." Thursday morning's dry goods ar ticle in The Journal of Commerce is headed as follows: "Cotton yarns easy, no buying ahead In the Philadelphia market; 2-30a and 0 weak. In abnence of demand from otton and worsted trade." The heading of the dry goods ar ticle, in The New York Commercial, la as follows: "Cotton yarn market shows no ac tivity: buyers claim that concessions are now obtainable." - The demand for cotton yarn, of course, bespeaks the demand for the manufactured goods. In advance. The foregoing Is a brief statement of the general economic conditions, consideration of which has led me to change my views with regard to the cotton market, it requires an extraor dinary combination ot circumstances to Induce me to bull cotton above 12 cents a pound. Just .after the last government report, I had thought that mien a combination of circumstances t xlBted, but, despite the moat vigor ous exploitation of the market by my self and others, no substantial dcmanH developed, either from speculators or consumers. To have Ignored this ab sence of demand, would have been, in my opinion, a great mistake, and, when 1 came to investigate the reason for it, I found: 1st, That, despite the fact that the South Is sending bad crop reports, they do not buy cotton; 2d. That the leglslatove suppression of cotton speculation In most of the Southern States In likely to prevent the development of any very wild speculation In cotton during the com ing year; 3d That the presence of a large stock of undesirable cotton In New York K in the absence ot speculation, likely to prove a permanently depress ing factor. 4th. That the Indisposition of for eign manufacturers to make contracts, for the future delivery of cotton, on the basls of the present level of prices, attests, In a measure, Mr. Elllaon'a claim that their reserve Htocks are 700,000 bales larger than last year. In regard to the crop, I shall be governed by the reports which I re ceive from reliable Southern corres pondents. My own advices, tooth from the mass of my correspondents, and from the Itinerant observers, who are traveling over the belt, indicate a mar velous Improvement since the 1st of June. The fact seems to be that tha government report published on the 3d or juiio. indicated a condition aa of the 25th of May. The most dlsas trously bad weather that we had oc curred between the 26th of May and the 1st of June, and probably still fur ther reduced the apparent conditiais of the crop, Hlnce the 1st of June any one, who will closely examine tha weather report, cannot fall to be con vtneed that the weather has been per fectry Ideal Rain and sunshine have alterated In almost perfect succession. The hope of high prices has undouBt- imiy been a ractor m stimulating the most careful and thorough cultivation. and. to a great extent, the handicap at an unpropitious start has been over come. The widely reported abandon ment of acreage is also, in a measure. discredited. The reduction in aereaxe. reported oy tne government and 4y other authorities, soma two years ago has since been proven erroneous. No such reduction waa made, or even coa templated. Undoubtedly, the acreage onginauy seeded in cotton this year was the largest by far in the history of the trade. A moderate abandonment of it followed the unpropitious weath er ot May, but much replanting has been aone, ana wen none, as a result of the prospective high prices. . Thera are two possible things, ana two tnings, oniy.tnat. in mv opinion, are now in the way of a com plete recuperation of the crop: An August drought in Texas ( t la not seriously to be feared, -elsewhere)- migm worn areai disaster in tha State, " An early frost throughout the cotton eit would undoubtedly work havoc, but if w shall be spared mi ;h visitations. I? am convinced Hhat ; the largest visible supply of cotton, on rec, ord, will be during the coming season supplemented by sufficiently lar American crop to meet and probably mora than meet tha world's demand si s cents a pouno anpeclally when tha probability of an Irnnendina and wono-wiua inqsinaj. reacllotjls t0i) Into account. , THEODORE It PRICE. fi.w. i j Southern Representatives, Charlotte, N. C. Reduce Your Fuel Bills BY INSTALLING Atlas Corliss Engines. Atlas Water Tube Doilers. Investigate their merits. ' Give us the pleasure of furnishing you with ' ' prices and detailed specifications, ' .' Greensboro Supply Company NORTH eAROUNX. J BETTER FEELING IX STOCKS. Exceptional Strength of Union Pacific the Past Wack Largely Responsible Chief Trouble With the Situation Rest With the Money Market- Foreign Commerce Returns Inter estlng and Suggestive. Correspondence of The Observer. New Tork. July 20. A more cheerful feeling pervaded the stock market dur ing the past week., This was largely due to exceptional strength in Union Pacific, which in turn was attributed to manip ulation intc-ndod to facilitate financing of tho Union Pacific loan. The temperature tone of the report of the . Inter-State commerce commlsson on the Harrlman Investigation also tended to restore con fidence, inasmuch that It showed no dis position on the part ot the government io prosecute or be unduly severe on Mr. Harrlman. The balance of the market sympathised more or lcs with the rise in Union Pacific, and a fair recovery has now succeeded previous low prices. The gt-r.eral situation was also improved by good crop reports, and by slightly easier rttes In time money, from the agricul tural districts reports are very encourag ing, and it. Is quite plain that we will nave larger yields or corn, cotton anu wheat than expected a month ago. There is nothing now to prevent average crops In seneral eicmnt their lute condition and early frosts;' and since there should be a good demand for all agricultural aroducts at profitable prices, our farmers 'ho are generally considered the back bone of the country seem destined to en Joy another season of prosperity. This fact has no doubt hnd much to do with inducing a better feeling abroad respect ing American securities. It is not too tnuth to say that London is much less iwsimistic regarding tne tuture ot our slock market than New York. The chief trouble with our own situa tion is still In the money market. The supply of floating vapltal has praotlcally been exhaiMted by he tremendous over Uue of new securities, estimated in the first six months o have been about SI,- 200,000,000, Including conversion and re funding operations, wnen tne large vol ume of business is considered and tha high level of values on which business is conducted, it is easy to understand tha tremendous strain on credit ana upon our monetary resources. The natural correction for such tension is a period of rest, permitting the accumulation from national savings of a fresh supply of floating capltul. What with the present demands of large corporations, tha activ ity of general business and the approach ing crop demands. It is evident that there will be a pressing inquiry for mon ey during the remainder of thetyear, if not well into 1908. Our bank reserves seriously need replenlshingdurlngthenext six weeks in order to -provide ior au tumnal demands. In this connection it Is encouraging to note that we are In a position to secure temporary accommoda tion abroad.y Wo are already borrowltnj more freely In tho lymdon market, prob ably In antlcpatlon of large foreign pur chases of our wheat and cotton; yet it i to tm noted that London bankers are ex erclsng great desurlmlnntlon in regard to borrowers. The situation Is one which certainly shows gradual Improvement. Corrective Influences are actively at work, and should not be Interrupted; for only through their rigid application has It been possible to avoid a serious crisis. The security market has already had a severe shrinkage, quite sufficient, it Is to be hoped, to counteract an umavoraoie features. Btyond question manly good socurities ar celling below Intrinsic val ues, and are simply held down by abnor mal conditions In the money market. As soon a the latter promise to disappear, we may look for a gradual hardening In values, owing to the quiet absorption of such securities by shrewd Investors who will quietly pick up the better class of Investments and transfer them into Hi rang boxes for permanent keeping., It ii quite evident, however, that there Is no room for extensive speculative opera tions, because or tne serious limitations of the American money market The ris In Union Pacific was almost entirely manipulative and was not participated in by the general publto, which Is still r.rnetlcally out of the market. . i There Is one division of bt'slness in which readJusUnont (is still Incomplete; In fact, has sikrcelybcKun. Commodity prices are still very high; too high, in deed, to permit of any extensive plana extending Into the future. Copper la still selling in the neighborhood or zzc. xne average cottt ot production Is placed at 10c, sotm producers, of course, turning out copper at a very mucn lower pries limn this. Consequently the margin or profit Is large nnd there Is ample room for recession. Other metals have recent ly shown a declining tendency. . Tilers Is no doubt that a moderate recession In 4h cost of staple products would ba highly oenencua ana aid in restoring tne general iumuon to a sounaer ann pit re normal basis. Values ara now so ttgh as to materially threaten profits ot manufacturers and distributers, and to check all operations extending Into tho future. If the costs or production could be brought down to a more normal level, there is no doubt but that our present era of activity would be . materially lengthened. Until supply, however, over- Irkes demand, which it lias not yet oon, there is nuia crosnect ot any oecnii in values. Whether the normal relations between sumly and demand will be ob tained by contraction in cosamptlon or by further expansion in production ra mains to be seen, Perhaps it will come when least exported from both flireo Dot s: but it is auto certain that we can have no assurances of permanent activi ty until the lesrtJUHtment which first be gan in tn siock maraei nas worse? u: Melt out In ether departments of com r.ni and induatrv. -;.!. ,:,:: . ! Fnrtunateiv. tne amy wariitc witn Jar an is auhNldlng. , There "never has been ither reason or feeling to Justify the flood of nonsense which has been clr. ciliated on tills subject during the last few weeks, if tne trutn were anown, 5 All efforts have failed to find a better remedy for coughs, colds and lung trou bits than Folsy'a Honey and Tafi It stops tne eougn. neais tne lungs una pre vents serious results from a cold. J. N Pnttorson, Naajiua, Iowa, wrltea: "Last winter I nan a bftd cold on mv lungs and tried at least half a dosen advertis ed congh medicines and had treatment from two ciirsiciaaa without cnttinc any benefit. A friend recommended Foley's Honey and Tar and two-thlrda of a hot. tie urwl n-XaonUlr It th grsaitst eougn ano lung mauicme in to wurio. R, O. Jordan Co. - - urn vEj ' lie L I ..LI I fm I.a b?n!ih!i mucF of thls wr " tirS. ftk np,p2a by International poit blv i R "1 Germany proba sLyj22? Jh4t t,,elr Interests would '?Kmot5,. b3L conillct between Japan 1, father Slatt0ntn the wish tw w?,.m .tibj.th0UhTt: nd these na. 7h.uJd.flad,y. ". JPn crippled in ihf f- mI't cure a stronger MtaMJa" Paclflc: ' the,p amhitlSns Infi!.Zr,E6ct. J'v'n been gravely dis Pointed by the Japanese victory over wn7i riV1 ,8 Britain's ally, and it rn.Xl -hekWtw nations additional plrasura. t see that combination weak- rllfA ,or 'i:'" wel1 know that England couia not be Induced to take vWb&s'T ,apn The foreign commerce returns for the oII..;ILiar..ar - cllngly interesting and auggeatlve.- Both Imports and ex port" ?ln reached record-breaking fig ures. The exports for twelve months ending June 30. were $1,880,000,000. an in crease of $137,000,000 compared with the same period of last year. Our Imports . 2IL P1"101 were gl.434.OM.00O. or 208,0ir),ooa in excess of the previous year. Th?se returns left an excess of exports amounting to 44,00,000, which was $70,800,000 less than a year ago. This decrease in the trade balance need cause no alarm. It was chiefly tha result of pur great Industrial activity. It may have somewhat facilitated gold exports in times of stress, but that should cause no alarm in view of our large stocks of fold and our continued large production, n any. event, the aold movement for th year was largely In our favor, showing nei imports in iweiv montns of more than $63,000,000, compared with $57,000,000 lust year, ard an excess of exports in m of $39,000,000. Our indebtedness abroad is much lets than a year ago; so that as far as the International ex changes are concerned the situation of tht. United ; States is exceedingly satisfactory,.;-;. ' -. . r- " j .HEXRT CLEWS ft CO. DAILY PROGRAMME AT JAMESTOWN SHOW. TUESDAY! JULY 23D. Association of Surgeons Atlantic Coast Line Bnllroad Day. Conventions Day. A. of S., Atlantic Coast Line Railroad Auditorium, Main Hall 7:S0 Ouardmount Tweniv-thfrd Tnfontrv 8 Gates open. to 9-Drlll, Twenty-third Infantry. iv-zina aouny tnerearter uxtnbitlon or weather Bureau. Earthquake Recorder, Government Buildlmr A. - 10-Special Exhibition by the Fink Jubi lee singers at the Negro Building. 10:30 to 12:33-Meodcau National Concert, Reviewing Stand. 11 Preparation of large weather mRp rrom reports from-all sections of the country. Government Bulldlr - A. ll-Organ Recital, Arthur Scott. Brook, Auditorium. V H "Hope for the Consumptive" Stere- .opxicon eociai juconomy Lecture Hall. 1 Elographlc and 8tereoptleon Jixhlbl- tion. scenes on Indiau . Reservation wlth lecture, Interior Department, Government Btllldlnr A. 1:30 to 2:30Piano Recital, Mr. Joseph Maers, Auditorium. ! Biographic iSxhlWtlon ' and lecture. Mcenes in rosotnite valley. Govern ment Eu'.'ilinir A. . ' 1 S Lcctw m Aerial Kavlgatlon, Mr. Ludlow - -! ' Capt. Lovelace, - Aero nautic Lullding. Z:$0 to 4:30-pillnney't United States Band Concert, Auditorium. $ lllustrat;d lecture. "Reclaiming the Desoit," by Mr. J. C Watts. U. B. R. 8., Interior Department. Government Bulldlnir A. v i e-Speoial Exhibition-by the KIsk Jubilee Sinaers at the Negro Building. S"Chsrlty's Burden through -Tubsrcu- login" Stereopticon Social Economy Lecture Hall. .-r-. . 4-Illtistratel lecture, "Yellowstone Na- tionai Park," by Mr. lu. C. Culver, Interior Department, , Government Building A (-Dress Parade.'- 6-Lecture on aerial Navigation, Mr. Ludlow and Capt. Lovelace, Aeronau- tin RilHHInir a 5:30 to C:30-Mexlran National Band' Con- cert. Auditorium. -Drill by Twelfth United States Caval- Prill Batt-ry ."D" Third Regiment. Field Artillery. -Phlnny-j Band Concert, Auditorium. 11-War Path closes. Departure, co ti. irsi inrantry, Georgia National Guard. fc Departure Second Infantry, Kentucky National Guard. ' - Love fatten Wiped Out Church Debt, .There was great .rejoicing In the Philadelphia Inquirer. ' , '. New Brooklyn Church In filcklersvllle, N. J yesterday when the last dollar of the debt against tha parsonage waa paldk7he money waa raised in a novel manner. . , . Every female member of the church wrote a letter to all the boys that wfre her schoolmates In bygone days, no matter where they now lived, ao ticking contribution!. Tha" men mem ber! likewise wrota to their school girl sweethearts of long ago. Many a pleasant correspondence developed, and It Is said noma of the letters were calculated to revive tho spark of af fection that was kindled when th writers were youngsters, but as hua bands and wives ware allowed to read one another's Utters not a - case of Jealousy Is recorded. Tha money cams in so fsst that In a short tltns the entire debt was paid off, and as ths contributions are still coming in the parsonage will be brightened by a new coat of paint A MEMORABLE DAY. One of , tha dAvs we remember with pleasuro. as well as with profit to our health, la the one on which w became acquainted Y with J3r. King's New Llfs I lilt, h pain kens . purlilara that curs h .UW. 1.111.11..... .nA Wtl i bowels right. 1 21c. st all drug stores, r.-"..IIW Mil.. IHltUIIMi'...! " . W ..-.- w.- vv cwrrzt CIUTM TRYCN ST.. ' CHARLOTTE, fj. O. . IjGID . OnUlng Flat Card, Railway ttezis, Drawfnj Frames, Spinning: Frames, ' Twisters and Spoolers Quillers and Reels, Looms, COMBEHS ffilsener Export lager Beer Deer is yurcr man i milk. It never contains any disease germs. It builds ' up tho diseased system, strength, ens the weak and keeps tha healthy healthful. Try our Pilsener ' Emort Writ' for prices. , I VIRGINIA BREWING CO. Roanoke, Va. ' Ladies' 'Hw Opera Pumps Short vamp,' cupalo bow, thin sole and welt sole; , handsomest things on foot. Price .. '. $4.00. The New Christy Pump Medium vamp,' with elastic tie, un der neat butterfly . bow;" light sole;) very dressy. Price. .'. ..' $3.60. New Sailor Tie, "The ' .Swift" . ;- Light welt sole, the handsomest low tie made. Price . . .. $4.00. All the neweat for- men, women and children. . . G1LREATH & CO. J55Kr HICKS' CAPU DIMF ALL ACHEC y Aad Wawowsaaas -J T(UlkeUlala AKnsttt! 10, 20 AND 80 PER CENT. W ean sell 'you gilt edae cotton mm stork, that is paying 10, 20 and 30 per cent in dividends.' Located aa we art In Oaston county, that has the 'largest number of cotton mills 6f any county In Ugea. Why. tie your money up at small rare ei interest: -me couon. mius ot the South are making millions; the element of risk practically eliminated. Refer ence Bradstrect and Dunn. , WE WILL BUY . Monarch Cotton'. Mill stock (N. C.) Monarch Cotton Mill stock com. (S. C) Exposition Cotton M1U stock (Ga.) : Mcdena Cotton' Mill stock (N. C.) v -- WE WILL SELL , VTntmrrh Cotton Mill stock bfd.' ffl. f! " Woodruff Cotton Mill stock (S. C.) ' -Washn. Mills (Fries, Va.) com. (Vs.) Washn. Mills (Fries, Va.) pfd. (Va. . TWi Cotton Mill Bonds (Oa.) Gate City Cotton Mill Bonds (Oa.) Gaftney UOlion-mm biovii I.O. k,.) Trion Cotton Mill stoelt tOa.) - , Dtlllng s-otton mm iwk m. v.. Crowders JWtn, Ajoiwin will mock n,JUL) Mays Mfg. Co. Mill stock (N. C.) , fmporial Cotton Mill stock (N. C.) . Henrietta Cotton Mill stock (N. C) Gray Mfg. Co. Mill stock (N. C.) Holland Mfg.. Co. -Mill stock (it. C). SOUTHERN SCOIRIIIES AND TRUST CCV.PAXY 9, A, Glenn, Pres. C M. Glenn, Treas. GastAnla. N. C. , ". Solomon-Norcross Co .. CIVIL, STRUCTURAL AND HYDRAULIC- ENGINEERS. 1122-1623 Candler Building, . ' ATliv.NTA, OA- ' A HAFPT MAN . Is Amos F. King, of Port Byren, N. T.; (S-i rears of R); since a sore on his leg, wild h hnd troubled him the greater pari of his life, hs pm entirely healed by Bucklen's Arnica Balve; the world's grat healer of S"r, Horn, Cuts, Wounds f d I'llnn,' Guaranteed by all dmggUis. Pries 2So. v ' , Stylist) Fcotwear C -l ' ' ' JENCKES SPINNING CO. QOTTON YARNS Main Office: PAWTL'CKJET, H. L i 0. A. R0BBINS COMPLKTBt EQUIPMENTS FOIt, COTTON MILLS, POTTER 'rU09$ . . rj GECKRAL MACI1JXERY. ; t CHARLOTTE, '?!V&?nt?9 HinH.nPinP CDIIUni C I nni Cvris.fr ma im v mn : jr.u.ufc , axents wattles' Dresalno Compound. . ' - CEO. B. HISS OIL CO. - ' ' ' " CHARLOTTE, If . C ' " ! - " J. SPENCER COMMISSION "4V'o: few XOPK' nalphl, xarnsand Cotton Piece Goods. : ; v PAULSON, LINKROUM &" GO. 8N LEWrARD STREET - . . 120.C3lESrNlJT STREET. . . 186 MARKET STREET ,-.-. 1 VUliam B. Charles Offloes Charlotte, N. C Bostonl Mass. and Amsterdam, N. T. ' Main Office Amsterdam, N. Y. : ( j IMt , Jaoquard . ' with Independent 0 1 "V. cylindcf motion. THOMAS HALTON'S SONS, h B .hi '-wiiiv4"aifsfc ', I Ait ."-' Examine this List and Call at Office for Prices A good farm', and manufacturing site -on railroad. Plenty" of water. . 6-room dwelling East Seventh street i- , . "room slate roof dwelling, D1I worth. ' " '(.'' 4 dwellings West Pourth street. . - '. - 4-room dwelling East Fifth street - Lot $9x220 feet, four tenant houses ; good renters. ' - N. R. E. Qochrane. , 207 North Tryoni, . ,'. HUBBARD BROS. & CO., HANOVER SQUARE, NEW TORIL MEMBER3 OP New Tork Cotton Ex change, New Orleans Cotton Ex- change, Associate Member Live pool Cotton Exchange. ORDERS SOLICITED For the pur chase and sale of cotton for future A delivery. ' Correspondence lnvltd. Manufacturers arid Jobbers Frequently find it necessary to' have Banking Facilities In ad dition to those Offered by local banks. THE ' first Nalraf Br.!i . OF RICHMOND, VIRGINIA,: With $1,000,000.00 Capital ' Earned Surplus $000,000.00 $5,300,000.00 Deposits ' $9,0004)00.00 Total Resources Offer Just the Additional Pa cilltlrs Itequlred. 4no. B. PurcelL President; Jno. M. MiUer, Jr.,- Vice Presi dent; Chas.. R. Bumettt, As sistant Cashier; 4. C. doplln. I! Assistant asiuer. tnz: : k., i . C2".";TArL fjxci ATLi:.Ii, C JIL.1 , . Actsmatic Fccirrs, Openers cs4 Trcr.! Breaker, IntsmelztscrJ Finisher Lcppers, Kixschner Cardinj DeatcrJ TfcresJ Lztrzctors, ' Philadelphia Office! Mariner A Merchant Buildjng, W. A. SPELLISSY, Manager. NORTH CAROLINA. Gressca. Beady-Mlsed Palnta. Cold TURNER CO. MERCHANTS ' Chldgo, St Louis, London. England. - NEW TORK - Philadelphia: , - - CHICAGO COTTON i YARNS. COTTON GOODS AND COTTON WASTE. " - CSBS vv ; HALTON'S JAOQUARD Philadelphia. Pa, A. fa. SALKELD & BU6.t I COMMISSION MERCHANTS. -6(-7a Leonard Street," NEW , TORK. , COTTON "YARNS. Fred'l; Vietor & Achelia. HUGH MACRAE & CO., Bankers -; Miscellaneous, Southern Securities WILMINGTON, N. Cv Washington, D. C, 408 Colorado Bids. . Cotton Mill Stocks. HOOK AND ROGERS ' ARCHITECTS , CnARlOTTE GREENSBORO. N.C, 7M. D'OLIER & CO.. ; COMMISSION MERCHANTS COTTON. YARNS Imrd and tTtestnnt rimm. -Maruaee and Merchant Butldies." J PUILADELP1UA, PA. "
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
July 22, 1907, edition 1
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