Newspapers / The Charlotte Observer (Charlotte, … / Oct. 7, 1907, edition 1 / Page 8
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AMD FINANCE . ; V l'.-i ri)r(!hO, the CM1- , f a guest, the ensfnifnt i vonrs j eopie and private af- r 'this sort are relished with'a r appetite. And now that ; r. investigating private cor- ilenrcs and the business books ; 'industrial .corporations, this hun t r l--r gossip has the promise of a pa- n frt Whether the so-called pub- iii'Uy policy will prove In the end to be a benefit or an injury remains to be sen . Whether it -will minister most t la w and ord? r, . or most to Uhe ; trowth of the gossip habit, whether It will. contribute moat to the final pood, or th final harm of the public can not at this stare be accurately cal culated. But it should not oe forgot ten that the love of scandal, a craxe for gossip, delight In misfortune, a rejoicing1 over crime, and a thirst for blood are not the things that make . man honorable and lovable, and they are no better In a nation of men than they are In the individual man. . ; It Is useless to recount other Instan ces and forms In vhich this spirit of coarseness shows Itasif . arnong Amer icans. It signs are (everywhere, and they steadily Increase. Delicate cour- , tastes are departing from us. the soul of chivalry im dying out of us, and the mad men has swept us Into currents that are disappointing and perilous. One- hears to-day things In the par--lors that astound him: he comes on - things In modern , literature that shocks him; ,: and he witnesses -ths growth of habit that wound him To proclaim against them only subjects hJm to a sneer of pity, while he is dts- ' missed as an antiauated Puritan. , '.' What shall be done with this nen dency? fihall it be encouraged? Shall e tolerated? Or shall it be oppos-. . ed? Shall Americans find and keep high Ideate, or shall they glv plate '. to low Ideals? This I a national issue ' ef 'far weightier Importance than the trust problem, the railroad problem, the money problem or the tariff prob- iemUt carries with it the whole of our dvilisatio'h. Imbedded in it is the ' destiny Of a race. If Americans ever prove to the world that a democracy la a possibility, that it is the best or der of society, they must do It. not by metaphysical arguments and docu mental theories, but by high charac- - er; refined living, cultured habits and 'the realiEatlon of the highest Ideals of i civilisation.'. " HOPE HELD OUT. ' And these things can be done. ' Gloomy enough are the prospects' as they boldly appear In many forms, but ' thr-re la in the nation a class, and not a small class, which appreciates the better things and the truer ways. In them Is still the soul of refinement; .their Inner natures protest against thit low and the vulgar. They earn- . estly covet that on this wide continent may. grow a people who shall be an example for all ages in the things of . sound and a strong civilization. They lovart and they still love the true and the good and the beautiful. But they have been criminally Inac- t tive. Grief-stricken at the tendencies of things, yet they satisfy thMr con- dcletices wifh a silent protest and leave the training of public character, the fixing of public ideals, to those who make gain of vulgarity and merchan . disc of a nation's destiny. The Inher- ' ent battle of a democracy will never fee fought to a triumphant and gin- ' rious finish onles the better classes battle against the lower, unless truth ; fight hard against falsehood. And I know of no other conflict in which colleges should engage with . more loyal and more persistent energy than in the fieht of the nation for the " beat type of llf They should be com "munltle in which are fixed anrt'enthu- - tatlca!lv cultivated the Worthiest ' Ideals of character and conduct; for In them are assembled youths nut of the honvs which promise most for , the nation, homes which are already high In the acale of progress. And through these young citizens nrav be reformed the life of the nation. But : it they fall to the Jevel of the common tt a fltte lft It ff thAV hntM.r , V, 1 i ...,, , if cultnre and refinement ; If they sur-"j renor to xne ways or tne multitudes, Americanism will settle down to mein a system of gaudy barbarism and rich vulgarity. k TtAlSK IX CHARGES FOR GIXXIXG The Prices of KvcTTtlilng Hstc Risen Much In Taut Years, But There Has Bern Mule Change In tliaracs For Ginning Cotton Several Gin neries Will Charge More If All v Patrons Arc lost. Correspondence 'if. The Observer. Torkville, B. C Oct. 5 Along about 195. when cotton was selling round 5 cents, able-bodler laborers wereTworktng for from $6 to $fl a month and glad of the chance cord wood selling at from ft to $1.25 a cord, and everything else was cheap In proportion, the price for finning cotton throughout this sec tion was fixed at $1 a bale, whether the bale weighed 850 or 700 pounds. The price, even then, was ridiculously low; and after charging up legitimate expenses, such as insurance, taxes, interest on Investment, wear and tear on machinery, uncntlectable bills, labor, oil and wood, the owner of ginning outfits came out behind. Strange as It may appear, many gin neries are charging the same price to-day as then, except that If a bale of cotton weighs over fiflo pounds there is an extra charge at the rate of about 25 con a 100 pounds. Laborers are now receiving from 75 cents to $1.25 a day, and not doing any more work than in 188!i; wood la selling at from $2.50 to $3 a cord, cotton st from 10.50 to 1 Icents a pound, and everything elne Is high la proportion. . 'Those who are operating ?gln tierles, especially comparatively small " plants, consisting of from one to , four gins, by steam power, are losing money, every day and know It, but owing to the fact that all will not agree to charge for the work what ItrU worth, the majority think the , proper course is to go on losing , murj, out some tew nave got to gether and announce that on and after next Monday, they will not gin tor Jena than 33 1-3 cents a 100 pounds of lint. While it in nrhuhi that they will see most of their busl--nes go elsewhere, still there can be tie. doubt of the fact that it Is In finitely more profitable to do nothing than ta work for worse than nothing an actual loan,-? ,, There to a most ;' excellent, bran new fut-gln rhj" at . McOonnellsvllle that Is charging $1.85 a bale, while at GnttrfevlJI, two - miles 'away, there Is another four-gin outfit that has been in use about ten year and naturally cannot do as good work, at the new one, that charges $1 a bale: and It ia a .fart ihst. ' ittmtn of farmers ar driving ; past ( the - Mc CooneHsvllle v ginnery : to hat , at Guthrlesvllle, ' and in .many , instance waiting ; from three to six and eved rine houra for, their turn In prder tr "save" that J 5' cents, not taking into consideration tne tact mat the t'me of the driver in the cotton field would b worth from cents to I1S0 a day, or that the team could earn from., li to $2 doing some tf 'ng els. All they seem ta be able " I o fete Is "ThanittW 'tJCermmhat they ere going to av on each i!e. ! 1.HTI.1; i;oi.gi.v stock ;;.u...Li! Xcslcctcd Condition Evident, But At tack of Small Bear Element Has Little Effect An Imjxrtant Intlu eme AVas tlK Omrtitlon of the Money Market. Which Tightened I'mler 'Seasonable llcquireinents Opinions A'ague as to the Business Situation - itom iointca uut in ' the Pcrlol ot Quiescence. , New York. Oct. ' 6. Last , week's stock marRet gave evidence of cou tinued disinclination to embark; upon that medium and of tha desire to take stock of conditions and to' aee more definitely the shaping of financial in dustrial eventa, , U'he neglected condi tion of he market opened tha way for, some Attack y tne. bear element amonest the smaller class of profes sional operators, but these : opera tions induced little nquiaaiion ana an occasional turn upon . them served to administer reverses in t- indlvdual stocks in which their ventures ba,d been overbold. These ; professional nannanuvaa maila II t t Vl A hit 1 k Of tllA (iiaiivvi utivv iimwg LH -w - market and were oramall significance Deyona me negative fiusreiivc us gested of the small impression made oa aentlment by developments of an unfavorable characteror the unwil lingness - to be moved by more favor able happenings to enter upon cora mitmoeta pn the long side. Xn import-ant Influence waa the condition of the money market which tightened under 1V1A seasonabld re quirements made upon it. The Oc tober aettlements called for a large amount; the total dividend and Inter est payable for the perloa being es.i- mated At aa4hlsrh as $160,000,000. There were besides aomC Bpecial re quirements including payment of til Rfi.noo for an instalment of subscriptions to Northern Pacific stock and some large payments ny tne City of New York, for which purpose f'nm rI' anthorltleii drew on the VTO-' ceeds of the recent Pond Issue on de posit with the New York toanks. . At the same time the Interior was draw ing hAavllv on New York for crop moving purposes. As the margin ofj the surplus reserves or mejNew iom banks waa already low tney were un- ilar-tha neceinltv of calllnff in SOmfl loans during the week 'and the call loan rate at the Btock exchange in consequence touched 10 per cent, on Wednesday, the highest rate since th flr week in Juiv. There was soma, easing later as the October dig' hiinnmenta hevan to return tO the channels of the money market. Time money rates were markeo up. now ever, arid inspired a feeling of the nenaitv nf caution in conserving re sources for the further needs of the crop moving, which now holds me interior movement of currency Un full HA. The further purposes of the Treasury Department in continu ing weekly deposits of government funds waa a subject of discussion, as the present week's deposits completed the fifth week originally defined as the limit decided On for the move ment. It was felt that a continuance of the plan would 'be necessary if stringency were to" be avoided and there was a general assumption of the probability of further government de posits being made with the banks in view of the large free balance of cash available in the United Statew Treasury. Anxiety was relieved by the success with which the October settlements wero met abroad espe cially In Berlin, where a critical con dition for that date has b.-en feared for a long time past. The weekly statement of tho gr.?at foreign banks gave ample evidence of the severity of the needs which had to be cover ed. Opinions are vague and confuted at in ihn .Mrtetit to which business re action has already run and even more so h to the additional recession which fnuKt be faced. A falling off In order in the stool trade is admit ted and the nnaloarv of the- violence to which the, reaction in copper has run, tempers tne aentlment witn which the course of the steel trade Is scrutinized. The continued instabil ity of the copper trade is an Import ant factor in the unsettlemcnt of ontnlnn Renorta of reduction of on- eratlng forces in manufacturing lines , amen witn inene meiai lnauainen, ai thoueh disputed in some Instances. have received consideration. Bank clearings outside of New York City 1t- nelf nhow a rate of business activity still pustalned above that of last year. The railroad traffic officials report their facilities fully employed with a large merchandise movement and heavy grain receipts and the mercan tile iirftwicM have advices of active fall Imvlntr Tho nrn jrnn Ir reanrd- . , .... ' i . r . 1. - i pii an niHiif, Mini unnumncu 'rsJ surpiua over aomesuc requirements, and the government report on condi tion of cotton gives' satisfactory prom ise for its total yteld, barring the poxnlbli! reduction by frost damage-to come. It Is recognized that the forces ire thus at work towards the recuperation which is necessary to make tip the course of progress where it was halted by the excessive de mands upon resources. The wisdom of a period of quiescence in specula tion and new ventures while this pro cess of recuperation is working out is enjoined by financial advisers of au thority and explains the motive of t'.ie small active Interest manifested at present In the market for securities. CLEWS' I IXAXClAIi JiETTKR. Stin ks Fall l iuler the nomination of the Money MarketIndications I'olnt to High Hates For Money During the Itulanrj of the Year The HuincM Kltuatlon Bex-oming More of a Factor. Cdrreapondencn of The Observer. New York, Oct. 5 Once morn the utock market has fallen under the domination of a utrlngent inoiif y market. liutlness In the Interior I active, crop demand ire issortlng thetnselvfi and the vutnmnal demand for riiin iu y ht Ml In Willi It uiual vigor. Coming at a lime when our btnk I'wi'vw ui low, and clivu our crodlt faclllile gliroad have heen rurtHll cd, the lutural reuult ti high rates Joe money, and coimecjuent depreMilngf ef fect noon aecurlil. fecretary Oortelyou haa flfir.lel conlderable aalfctartce, hav ing thin far (iepoalted about -J0.tm,000 with th lunkn within the time limit, which mplrod thin week. , Whethsr he will Still further Increom thesfl denostt li not knowTi; uut the Treawiry cxilanee is now WlS.OijO.W) and much depends upon tne im'raency. At ih moment botti tpeculatlve and Investntent buplng I p- Jrentiy extiautei. a fair recovery In securiti'j! ha tken nuu'e from the low prices of AuaiM. and the dltnosltlon is rther to take i.ronu than to nmka new cnlnmllfhenu -when monev And uch profitable employment ouUide of tho se- tunty market. - . . All Indications point to high iates for money during the ImUnre of .the yar. Credit ' ttlll mucbHxtended and hankers ihc ..a- general Inclination toward con traction. In prevloua years we have ptneel loans aliroart to the amount of timwXto to HOfi.ouo.flflo. This year It Is douhtl'ul If we could place moxri than a fraction of that sum. The export teaaon la now on and Kurop I aure to take our wheat and cotton with Incrcaalng fre dom and at gotJd prtcea. . Under ordinary eonditlont w should be able to count upon t a considerable influx Of gold, but the great banks of Europe ar almoat sura to resist an imnortan movement of the ieclous nwtal la thk direction at thU time.' 'Credit In European centres Is only Juat amerglng from a period of arrui, iwain,,nj neairatllllty Of t UIKI- ng up hank rewprvB and restoring rredlt : Jurt as (great thera at here. No doubt in CUM of emertncv fnuA vnmmand nlderabl ' forelgngold1 eapeclallr a ? . " v iiana naj mUCfl strengtn 'Qn J8'?x36" AlHs-Ouimers Corliss Engine. Fly-Wheel 12' dta., grooved for 9-1 1-4" ropes. Good as new. ' v. Greensboro Supply Co. . GREENSBORO, N. C CARDS DRAWING' MACHINE OTTOW MACHirJERY TAUNTON, COMBERS LAP MACHINES , ' ' SOUTHERN OFFICE AT CHARLOTTE EDWIN HOWARD, AGCNT; . - ened Its position: but the movement will only be mde under pressure. , There has Deen runner liquidation on hotn uomestio and foreign account for thoe who receiv ed assistance at tho time- of the August collapee, and this was an elemtn of weak ness. Foreign confidence In American se curities haa been unquestionably disturb ed by recent discloaures in traction- cir cles, coming so cioaely .after' other tnis ceeda In high financial circles; and this no doubt deprives our market of a support which it would ordinarily have In times of reactlcn. President Roosevelt's several speeches thlsweek contained little new regarding his attitude toward corporation sod rail roads, and they assorted nothing calcu lated to disturb tho stockholders of hon est and lawaUding corpoiatlona. One of the worst features of the situation is the unwillingness of some of the great cor poration managers' to obey the law. For all concerned it w6illd be far better if our corporations would adopt compliance with rather than resistance to legal re quirements. Public, opinion wo.uid then be pacified, juiit and reasonable reforms would be possible, snd there would bo much lew hostile Federal and 8tat ac tivity. But so long ss somei of our ablest lawyers devote themselves to legal evas ions, to heating the law, and corporations psy them high sums for such services, luvt so long will public discontent con tinue. Corporations have their political future very largely Ir. their own hands, and resistance to present legal restraint Is likuly to result in increasing rather than diminishing government Interfer ence. The business situation la now iecomlcg more of a factor In the stock market. No one anticipates any e;rWus reaction; yet day by tay it becomes mere and mora evident that commodity prices have reach ed an almost prohibitive level and any further rise must reullt in iic?eajed consumption. Outside of rnetals there has been no decllno of consequence In the commodity markets. Many articles Of food rc relntlvely scarce, or certainly not abundant, and as a result growers are In a position to exact unusually- high prices. W see nothing In sight to check this tendency, except either loaenod con sumption or Increased production. Tho latter will not be possible before another harvest; lite former isalready beginning to show lU'lf. for the reason that largo portions f tha consuming cUsses are un able to meet the new demands and must economize. No small part of present stringency In mcney is due to these high commodity prices, - for the renson that much larger sums are required for carry ir.g and marketing products than ordinar ily. Whether we are on the eve of a re-c-i'n In prices or not. It Is too early to jredlct; certainly the business situation wOulU be vastly Improved by a return to a more or loss depressing Influeneo upon commodity values, and it is not be yond poaiiblllty that more or less embar rassment may follow where overtrading or overextensions of 'credit have been Indulged In. eBusiness failures are already on the Increase, the bsnkrupreles for tho lint nine months of this year amounting to tUfi.000.000, against W.OuO.OOO last year, and the Increase In nercantlfe' mortality teJng chiefly la tilt manufacturing thus, The check to rew enterprise imposed by inftnetary conditions has already Induced more or leas deprealon In structural ma terial markets, besides Causing a consider able number of hand to be thrown ot of employment This Is a process that, once Marted, n almost sure to gradually work its way to oilier deportments of ' trade. Fortunattly, n profitable haivew will do much to check these Influences, and tha good was;en which a large proportion of the laorlng olat.se nre recolving will tend to delay-any serious. reaction In staple commodities. Nevertheless, the btWness situation is oa which calls for slrlct oon icivatisin, and this fact is being more widely recognized, not only by bankers, hut by merchants', and manufacturers alike. . Thn stick market has received It worst shocks front liquidation, and doubt lea aome tf the better clns of railroad securities have now about reactmd a point where they arc selling below-. their Intrinsic vjlue It remains ta t seen however, how tho Industrials will stand any business rucllon. Many of . these have been making abnormal profits which must shortly decrease. Dividends havo been paid oi; -curlilos which represent, nothing ut water, and when these be gin f disappear the effect an Market values will lie anything but stimulating. Some ot these corporations have ' wisely pursued the pollcyv0 devoting i large portion of their unusual profits to exten sion and improvement of plant;, to this extent giving their - common stock un added-value. Nevertheless, the Industrials are much moro likely to feel the effects of business reaction than the railroads, and as no great reaction lias yet follen upon the great Industrials, their ability to meet depression Is ttlll to ba demon strated. ' -w -iV . -. -v.-. ' The Increasing high cost of doing butt ress Is becoming a vital -matter-in. not earnings and prom, for tho latter ara gradually, but aurely. diminishing. Bitch a situation almost Invariably marks the turn of the tide. - No better Indication of what ncrnsad costs mean Is to ba found than In the monthly 'statements of rail road earnings.- In July the roads which furnished roturnt showed in Increase In gross earr.tngs of $18,6OO,0ct). Of this aum over H10(O,(W was absorbed by Increased expenditures, leaving an increase in net of only 2.40tf,(KK. Figures for . seven months of the year shew a gain of nearly 111.000,wt. of which 9S,aoO,00i w con sumed by inereaaea expenses, leaving, leas tbnn lS.M.tw increase in net. Tho buik of these Increased expense went i larw In one form or another, although the hlcher Boat sof fuel and other materials contributed an Important share, Theso increases in routs or inner iiki material ire going to hesr with purtlruinr weight upon inJiistrittl concerns, fr the . reason that the latt.r will have to fac more or less curtailment jn orners, wnuo tne rati rad are sliOwfiig little or no Important loss In the volume of trafflo. There Is t'Ttti gcod feature, and that is the corn crop t a gnnd ona and la now practically safe from frt, , , - HENBt CLKVV8. , Cliarlotto Produco. fCorreeled dally by H. rield ft Co. liens per head SMfW ChickHa spring ... . ; VHffi puckl , '. Si F.cks t ....... ?0fr2t Kutttr .. . i. ... . . . Kifii Bye ... m Corn s mhAimim vo -rotten Si-.t.-... .-f!T. -Oata-Fewt ,x ., - i u . SPIOIN3 FRIMFS WORKS MASS. , . umcc IMPORTS ON THE LNCBEASE PAIlTtT DUE TQHIGHER' PRICES A Hapldly-XarrQwlng ' Margin Be tween Importu and Exports, With the Margin on the Credit bide of the American' Lager cnicr Aus tin, or the Bureau of Statistics, Ex plains nia Phenomenal Increase and Gives Some . Interestlnjt acts and Figures -The Bureau Making an Analysis to 6ee- Uow .Much ot a Vla-ure Uie Increase ' In Foreign Prices Cuts In the International Transaction, t " J 1 Washington,- Oct. -Attention has been attracted recently to the increas ed value of the Imports into th'e Unit ed States from foreign 'countries and to the narrowing margin of the value of Imports an J exports. ' That mar gin, as shown by the official statistics, is, however, yet on the credit slae of America's ledger and,' in the opinion of the government experts, is likely there to remain,- - ' For the month of August, for In stance, the excess of exports over im ports aggregated In value S1,4S4,40; and the excess of exports over im- Vorts for the eight months ended Au gust 31st WM I194.45J.162. , DUE TO INCREASED PRICES. It Is Important to note, In this con nection, that the Increase In Imports into America is due, in considerable measure, to the Increased prices which imported commodities con maitd In the markets of the world. Just ".low much ota figure the Increase In foreign price! uts in the inter national transaction ; lt Is impojelble now to determine; but the figures are at hand whiih Indicate that not mere ly the quantity of the imports, but the value of them in the countries of origin are responsible for the 'large Imports of the past year or two."; It is evlJen, too, from, the statistics pre pared by the government that the nar rowing ; of the margin between .im ports and exports is due not to a de crease in the exports, but rather to an' Increase In the value of the im ports." On this point, O. P. Austin, chief of the bureau of statistics, stated to the 'Associated Press: r.lNCRBASE IN EXPORTS. "The. exports for the eight months ending with August are larger than those of the corresponding months in any ; preceding year, and those of August alone are larger than In any procedlng August except that of 1906. So the reduction in the excess of ex ports' over Imports Is idue chiefly to the phenomenal growth of imports which lias characterised the past few years. .- The value of Imports In August,- 1907, was over twenty millions In excess of August. 1906, and actu ally double that of August, 1900; while for the eight months ending with August, the value of the Imports was' $16,00,000 more than In the same months of last year, and more than double that of the same months of im." s "How do you account for this large increase of Import?" he Was asked. DEMAND FOR MATERIAL. . "Increased demand fo(r foreign ma terial for use in manufacturing, In creased purchases for foreign manu factures and. luxuries and in many cases art advance Im prises abroad which makes a given ampunt of for eign merchandise cost more In 1907 than the same quantity cost in earlier years. Crude material for use in manufacturing shows an lncreaie of $42,000,000 in the eight months end ing with August when compareJ with tne same months of last year: manu factures for further use in manufac turing 'an increase of $55,000,000: finished manufactures, an increase of $41,000,000; and foodstuffs an Increase of $80,000,000. Raw cotton imports alone show an increase or $11,000,000 In the . elg"nt months ending with. August 1107 over those of the same months' In 1908; raw silk $11,000,006; India rubber $6,000,000; chemicals about $$.000,000; fibers $2,000,000; and . Wool,f pig iron ana lumber, about 14,000,000 each. Cop per imports show an Increase of about $15,000,000 over last year," this rapid growth in the Imports of copper Into the greatest copper-producing country In the world being due to the superior facilities for smattering and refining which this country possesses. All these articles which I have mentioned as showing a large increase in im portation are for use In manufactur ing. Then there. Is also a marked advance In the importation of food stuffs this year, sugar showing an In crease of $13,000,000; coffee $10,000, 000 and cocoa $5,000,000. In finished manufacturing there Is also a large Increase in importations, cotton laces, edging, and embroideries showing an increase of about $1,000,000; and manufactures of flberi, about $6,000, 000." . - r "Can you indicate what share of the Increase In imports la due to ad vance In prices of the articles Import ed" BUREAU MAKING ANALYSIS, "Not dellniteiy, at present. . The bureau Is making an analysis of im port and export' prices In 1907 -compared . with - . those ; ot earlier years, . with the pur pose of trying to determine what share of the recent increase In our foreign commerce. Is. due merely to higher prices, and what shars to an actual In- M. vaim oi incii CCUTH TBYOM ST.. CHARLOTTE, N. O-. . litllO . Revolving Flat Card, . ' Railway Heads, ' Drawing Frames, 5pianin; Frames, v Twisters and Spoolers Qulllers and Reels.' ' Looms, ,,', . A, d C0MBHR5 ' Mafacturcrs and Jobbers aTteejueatry and it necessary to bave Banking Facilities In adi dltion to 'those offered; by local banks, ' ;: first1 National Bank OF rilCllMOND, VtRGlSVC Sl.OOO.OOO.OO Capital Earned Surplus SSOO.000.00 ' -' S5.ao0.000.00 PepoalU -. $9,000,000.00 Tout Resources t Off era Just the Additional Fa- clllUea Kequlred.' ( j . ' , ; Jlno. B. Purcell, y President: aloo. M. Miller, Jr, Vice JTreal. dent; Chas. R. Bornottt As- Isunt Cashleri 1. a sfoplln. Atslaunt Cashier. Standard Graver Roofing Guaranteed to Years and we will be here to make the guarantee good.. Needs no repairs -. ' Applied only by WARREN -EHRET CO. ; Established 1852. Charlotte, N. C. 'Phone or postal will' bring our man. crease In quantity Imported or export edt but at present I am unable Jell nltely to answer that question. I do know. However, that In many of the Important Imports tne advance- in prices is largely and in many , cases chiefly for the Increased total value of the articles Imported." "I do not mean,",, continued Mr Austin, "to imply that higher prices abroad are responsible for .all, . or nearlv ' all of she largely Increased. total value of our Imports;, for there have been large increases In the Quan tity of, many articles brought In, .es pecially those of a class- not pro duced in the United States or not produced in sufficient quantities for home use. " . MORE FOft 'HOMB USE. "It must be expected that with eur growth .of population and' increas ing share of population devoting its attention to manufactures, we shall have less . and less of natural pro ducts to spare foe exportation and re quire more . , and more of foreign products " both for use in manufacturing . and in -supplying that class food requirements not produced, in the . United States, nnd that lnf periods of prosperity like the present the importation of articles of luxury and high grade manufac tures will also . continue large; and that the maintenance of tho present excess of exports over Imports will depend upon the activity of our manu factures In marketing their products In other part of the world." Rev. J. R. Bridges Preachti at David- son. -.v j Special to The' Observer. ' V Davidson, Oct. i 6. Rev. J, ... R. Bridges, president of the Presbyterian College at Charlotte, preached twice here to-day. In the morning his sermon was on the vision of Isaiah and lt was one of ' the most logical, thoughtful and forceful sermons heard recently In Davidson," At night he spoke on the reply of Pilate to the Jews, basing his discourse on the text, "What I have written 1 ave written." Charlotto Cotton. These figures represent the prices to wagons, Oct . ;. Ocod middling . .. .. paid im itao u - ptrlct middling Middling . WANTED An honest. capable man to -tak charga of msrKet ior a few weeks with view to permanent location. Oood references required. ' Address Market, ears Csenrer-v-.T.. Ccnra "Bster's Sale of. Real .state rT";., By orders of the Superior Court, li. a proceeding , therein pending,- en titled Frances Eugenia Clark and others vs. Loyd Smith and others, eti the 15th day of October, 1907. at lt o'clock m., at the courthouse diior in the City of 'Charlotte, I wll sell at public auction to the highest bidder the .. following described tract of lard: " T;i;lng the second tract of land de scribed in a deed of Alex , A. Cathay and tthers to Eliza F. Smith, dated January 2d, 18(7, and therein do ottbed as. follows: Containing It acre, beginning on the. bank of the river, on hickory, runs east Koler to a black jack; thence S. S, IS. ,31 poles to a pile of stones; tliencs 8. S poles to the river on a wlllcw: tnence. up the river 26 poles to the beginning. "Trm of sale, 20 per cent, casn, balcrhce payable in six months from date of confirmation of sale, title to be retained until full payment - is niade. Purchaser may anticipate payment. , . ROBERT S. HUTCHISON. comntMiooerr - Aa I ' y town .... 51abbers, Intermed'iateSi Roving Frames ' Jack Frames AViiliaiifTJ; Charles i Offloes -Cliarlotte, ' N. . C Bo stoa, Mnss and Amsterdam, N. T. Mala Offlce Amsterdam, H, Y. Stogie IJfl- Jurquard . ' ) i's . '. : with Indrpcndcau j i . ...t, :. , t,": cylinder ' '. , x tnoUooa ; THOMAS HAL TON'S SONf, i JENGKES. SPINNING GO. eOTTON Bfatn Office: -PAWTUCKET, R. X HIGH-GRADE SPINDLE. COOM, ENGINE, AND VALVE Sconreo Belt Oils and Greases, Lnbrl Greases, Ready-BIlxed Paints. Cold ' ; Water Paints. Ajents V attics' Dresof no Compound. GEO. B. HISS OIL CO. CILlRLOTm N. a J. SPENCER COMMISSION OFFICESt4 New York.' Philadelphia.. -f Yarns and Cotton PAULSON, LINKROUM & CO; S7-R9 LEONARD STREET . - - 120 CHESTNUT STREET V. J8 BIARKCT STREET . . Quick v , TWO BRICK STORES on one of' the principal streets of ,the city. investment. Call at office.;, . R. E. Cochrane. "; '-'-'" - ?207 Xi Tryon.'- HUGH MACRAE & CO., Bankers ,fc y sllscellaneons Sontliern SecoHtlea ' WILMINGTON, N. C x " Washington, D. Ip, 408 Colorado Bid. ; Cotton Mill Stocks, : LEONARD L. HUNTER ARCHITECT V Fifth floor. Trust Rldg. 7110110 371 CHARLOTTE, N. ft Z ' JAMES E. MITCHELL CO. COMMISSION MERCHANTS, Cotton Yarns and Cotton CONSIGNMENTS ROLTrrnrn ' Philadelphia, 122 nnd 12 cuestant St-j sMsiiun. . aoa summer hi. ' . .. Now York. Xn. 73 reonant Si. " Cltarlottav z & Trgon $! ' Best Liquors I am offering, tho Largest " r t. Suitable euildins, i ATLANTA, CL4 , 'fJIO Automatic Feeders, Openers and. Trunk, ' Breaker, Intermediate and Finisher Lappers, Klrschner Ctrdine Beaten Thread Extractors, Wasta Pickers, etc ( Raw Stock IVyers. .v COTTON) YARNS. COTTOif GOOPS AND COTTON WASTE. :,;;..;''V" USE B ALTON'S slACQUARD Phltadelolil. Pa. YARNS - Philadelphia Offlcet Blarlnor A Merchant' Bulldlgf, XV. A. 6PELLIS8T, M-jnager. TURNER , CO. MERCHANTS ; V Chicago. St. LoulV London. Knalaad. Piece Goods. . V. .. . . . NEW YORK PHILA DEI.PHIA CHICAGO Sole : A. good HOOK AND ROGERS ARCHITECTS -'V"-" : "'SaSSBBjBBsaBsjBSBSj''"1' "''". '..'t1'-. CHARLOTTE t G REENSBORO. N.CL HUBBARD BROS. & CO., HANOVER SQUARE, EW . YORK. v MEMBERS OF New Yorkv Cotton Ex coange. New Orleans Cotton . Ex- -cnange. Associate Members Livo. pool Cotton Exchange. ORDERS SOUCiTED For the pur ; chase and sale of cotton for future delivery. - Correspondence : Invited. . . A, D. SALKELD & ?RO., COMMISSION MERCHANTS. -78 Leonard Street," MEW YORaL : '. , ''I i COTTON YAR.52SlV: FredTs Yietor & Acheli dt Lowest Prices best value? in liquors and cordials at the very lowest prices, I buy direct from distiller " who do not sell the retail. trade: snd generous concea- ions on their part have enabled me to make tome ex . ceptionat offers. --- M, . t r , Tho following prices include express charges, . t ,,s ntu.: r;'...xnM cam kljft, - Lstsrtft Oub, Cream of VbiskUs, $4.00 , , Apple Brandy - $20 snd $3.50 !,"': - Rye VhfikfT, $2.00, J 2 ,60, $3,00, 3.50 , Mountain VhltkeTs ' $2.50 - ' . CoroVWaksT, .$2X0 and $2.50 . Ysdkin River Corn, 4 full quarts, ; $2,50 , ' " ' , Atbermsrls R?e 4 lull quarts, 1 $3.00 .. ; "; Mail trders are CJled on the day re ' ; : ceived, and forwarded on flrst trains ' Write for Price List of Leading Brandt Mail Order House in tbe South L. Lazarus, Lynchburg, Va
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Oct. 7, 1907, edition 1
8
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