Newspapers / The Charlotte Observer (Charlotte, … / Jan. 17, 1908, edition 1 / Page 3
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.CHARLOTTE DAILY OBSERVE, JANUARY 17, 1003. lllA pji 11 All j urn mm. mvmm MILLS AND MARKETS COTTOX OVF.ll 12 CEXTS. bully m MnnhniUtiftii Itrings About n ully's MnnliiiilJttrm Slffiilflcnnt Advnnop in. the; l'rlt'c or ; Cotton Sonus Sold Here Yesterday . IVir 12:15 CeiiU. ' Daniel J. Su'.ly. the fellow who jumped In tho scales three years ago and eent cotton Hearing (to 17 centu, while he sunk to tho- depths in tho - other ' end. Is attempting the . same pme.igiln, and on lie strength of his manipulations, cotton yesterday made th most ilcnal advance of the season, 'Jumping 32 points, and rend- ' ing jot up co more than' 12 cents. The, best brought 12:15 on the local market, which i.- the hTghwater nl(ipit I of the Ee&eon. " ' .' The gradual -advances, -within - the past few days have been caused. It Is aid, by iilly .nd a clique of bulls , who rushed Into the- market to send the iprlcea up. It has been" rumored qver the' wires that-Sully nabbed 50, ",, 000 baled a few days ago, and that with strong .financial backing In New Vttrit, he Intend to see that -the price falls no longer below V.ie 12 ccnt figure. . Cotton men "jtprefsed . themselves yesterday-as surprised that the mar ket ascended so rapidly and-accounted for the situation in no other way than that Sully a.nd, his associates are widely -manipulating. Theodore i Trie Is allege to be in co-partner- hip with him and other men of his stripe have handed to bull (the mar ket. The farmers will proiit mighti ly by the, advance should It hold on. There are' few if any planters In the entire county who have not some cot ton til saII ant ' inniiv t9 Ih&m litiv. jimitj i.ian jian or ineir .crops. The Observer received the follow ing telegram last night from its New York correspond jnt: "The cottou .mrket was very active and decided again" to-day, with more . business than for months past and w- ............ . .vi i .in ijf lawiauiQ lu ail advance in pri.vs. The report; that Daniel Sully has embarked on a cam paign to move up prices appear.! to have had a strong effect and local quotations advanced 12.50 per bale since the low levl of yesterday morn , ing. The opening to-day was firm at an advance of 11 to 12 points. There was very heavy realizing, but offer ings were abs jrid by -a rush of buy ing orders apparently from all sec tions, and after a slight reaction, the market advanced again,, with March selling at 11.47 and May at ll.SJ be fore midday, ir about a cent a pound above the pri.a ruling at the first of the ye.ir. pot cotton houses were heavy buyers here." . Marlboro 3II1U In Good Shape. Efetial tn The brvrr. . McColl. S. C, Jan. -1. At the eneethig of the board of directors of ' the Marlboro Cotton Mills, held here to-day, the regular 2 per cent, quar terly dividend was declared. The mills made a fine thowlrg for the.; raft quarter and the outlook for th tpture is much better than has bn Anticipated. , sale - Saturday, beginning January Sale, but got caught in that Seaboard wreck Thee were soiled, but have been rough washed by the Sanitary Laundry and we bought them from the railroad At 40 cents on the dollar They are not in neat laundrie packages as originally but are clean , ' .... THEY ARE VALUES "TWO FOR ONE." - For they came from one of our best factories and are a lot of the finest garments Get yourself to gether and be here at ten, for ''Time and Tide Wait for no Man," nor will these garments wait for the tardy. Every line of goods in the three big stores still have the yellow tickets dangling from them which says,'Tm.in the clutches of the Mammoth Mill-End Sale- The Mighty Money-Saver' - " : FOUR. BIG LOTS: Consisting of Skirts, Gowns, Chemise, Corset Covers, Ete iot No. 1, 29 Cts: lot No. 2, 59 Cts. Lot No. 3, 79 (is: LOT NUMBER 4, $1.09 . ' . - Garments, if Tiad not been in the wreck, we . ' Garments Originally Garments, Regular. Garments that would would have sold them from 82.00 to $5.00.' Worth 75 cents to Prices were, $1.00 to have sold from $1.50 Bring twice as much money as you expect to $1.00. $2.00 . ." to $2.50. spend, if not, you'll be sorry. v THELITT i mimm iiiiiuayi - ... ieeiliaieii iikl COST OF IMISIN'G COTTOX. A DIa'uhnJoii of Fifrures TIiomc Fnr nl lied by tiovernment Station Aot Kellablc IlliiNtratloiui 1-roiii rinn tulions nan by Private Individuals I'or Profit Given as lor Rcprcsen : tntive of AVIiat Can lie IKura In Tills Field. , Textile World Record. In our account of tho European cot torn manufacturers' excursion through America we referred to the criticism of American methods and questioned the fairnefs of the comparison be tween a plantation managed by the State of Mississippi at an experiment station and one conducted by . an in oividual planter, for profit. oon' af ter writing this comment we obtained a xopy cf the statement given to Mr, Macaru by the directors of the gov ernment station at Ftoneville. It is as rouows: Cost of growing cotton at the State Farm, Etonevllle, Miss. This does not cover cost of supervision nor wear and tea of equipment. li ntal for lanl, per acre..... I'tvparing laud, per acre lianilrK. pe litre r rllliing. per ucre tchlvuinK, jut Rcre Hand hoeinK, Ii core ....... Fichinr. per iirre K.u0 I. A .25 o.W 2.01 'A S.W 1.0.) Ginning, pcrtut-re ox. r.cr nere . l'refcht. coitir.lf.8ioii and In inrance, per acre 150 Total Fy 1 la!e cotton, ents per lb )-.. .PO .Ti 133.73 Cr. A) lbs. ......I.... til l.tiut' lbs. aet'd .... 172.57 K2.M Net j rofit ................... v ' J3C.7S The omlsSloTT of Important Iterru of cost and figuring on it cents a pound for the cotton chow at once that the statement Is unreliable. Thirteen cents may be fair for the Mississippi delta, but the statement was used to Illus trate a general condition throughout the cotton belt. v Owing to the promi ence given to this matter hv the presi dent of the European Federation we wrote to a number of cotton planters, asVIng for their opinion of the Ptone ville statement. .The replies which fol low confirm our surmise that the re sults on the State-Farm at StonevtHe should not be taken aa representing what can te aone on a private plan tation. While the average methods of cotton raising could doubtless be im proved. Illustrations of what Is possi ble In this line should be taken from plantations run by Individuals for profif. Memphis. Tenn... Nov. 15, 1J07.' Editor Textile World Record: Your letter of November 9th eelved and I am glad to reply and to msw in correcting unfair Information as to the cost of producing one of our enter export . products. There Is no use wasting time disproving a com parison by any agricultural experi ment station where a few acres of heavily fertiliie.i land are worked un der the mipervMon of a highly paid expert whoee salary by the way Is not figured Into the cost of producing tnat raw of cotton on that model acre of land. Instead, take the gov ernment estimate of production, no toriously high at two hundred pounds, Pale. Pelicate Women and, Girls. The Old Standard O ROVE'S TA.STE- LEf-S CHH.L TONIC drives out ma laria, and build up the syitenr. Torila g.-ewn peoala and children. 60c LE of lint cotton per acre, and we have something like this for one acre: Cost of growing cotton on an aver age aero of fertile Mississippi bottom land by experience of five yeara on sumo farm: Rental of land fti.G1) ' Pit paring laud .2.00 1 Uniting ' N.. fettlllicr. Cultivating 5 00 Hand iioing 5 00 I irkinfT 7j0 lbs. reed octton... 5.J GmnlnK .) - Ft Com. & Ins ; 1 60 t3.37 K5.37 Cr. Fy cne-half hole eotton, .25') U.S. t 12c. IM.OH An averag yield for flvn eor. By M lbs. reed J 75 5SJ.7S Net profit IS-.34 Nothing allowed in above for depre ciation of mules and Implements, about 17 per acre of cultivated land being Invested . In these. I have allowed nothing ror fertilizer because my land could. not be made more fertile and the estimated pro duction per aiyfe is high. If the Eng lishmen who are considering the pur chase of land In the valley below mine carry out their plans, they will find difficulty In equaling one-half bale ptr acre for the average of five yea-s. ,1 have not counted tne tax per nata because I don't have to- pay- that. Model experimental farms do not pro duce any part of the world's require ments and should not be considered in discussing the cost of producing cot ton. - ' The Southern planter earns more than he gets, yet he would be glad to get an average of twelve cents for his cotton for the rest of his life. B. B. BEECHER. i Montgomery, Ala., Nov. 18, 107. Editor Textile World Record:' I have your favor vof the 16th Inst, and carefully note contents. I quite agree with you In your contention, and also greatly appreciate your effort In our behalf. ' ' Candidly and frankly, from 30 years' experience with cotton raising, it is almost impossible to give an accurate Idea of the cost of producing an acre of cotton, difference In soils, seasons, mode of 'cultivation and fertilization, figure to such an appreciable extent In our farmer' meettngs-ln thla sec tion, we have frequently gone Into this subject Id detail, and the consen sus of opinion Is a present average cost of 10 cents per pound; that Is, based on the full scale of wages and salary to all concerned, and of coarse on an average crop. . In the item of land tax, we must figure waste land on all farms, from constant age and timber tracts held for fuel. The production per acr va ries between different States. With us a bale to two acres is a good crop. We probably average nearer a bale to three acres. In" many cases It takes rlx acres. In the detail list for com Cared of Lang Trouble. "It Is now eleven years elnce I had a r arrow escap - from Mtnumptlrn." r rttes C. Ck Floyd, a Ki.llpg busmen man cf Kershaw, . C. "I had run down 1n w1sht to 1& pounis. and couphlns wss constant, both ! day and bv night Finally I began taking Dr. King's New D sct-very, and ?ntlnf:ed thla for about fix nv.ntbs. when my ccugli ard lung trouble wero entirely gon and I wan iftor1 to ,mr normal weight. 17J rounds." Thound of prsons arc heal- -w (.unmriwj at nil drug stores. 60c. and tl. Trial bcttlo free. at J 0 o'clock, of seven cases Muslin PRICES AND NONE ON APPROVAL. . , ONG COMP'NY parlson I figure the nrohhi cost for two acres, also for three acres, and you see the average, is close to $50 per 600 pound bale or ten cents' per pound. , . Compartive statement based on tho Stonevillo figures of cost and showing results with one bale, one-half bale and one-third bale per acre:. Acres per l'.alo 1 3 acre. , . . 2.00 , .a . 4.00 6.00 1 r.oo 9.50 ; 2.50 , 1.00 Land rent 1'rr-rarlng l.inl IiHiitlng rerunning Cultivating Ht'ilng Pi-king dinning 1'nx l-'Tvicht, etc. .... 1 Tctal coat .... ncrcs. 6.00 1.0) 12.0'i lo.Oil 6.(rt 8.1 2..VI 3 00 S 00 I'l .00 4.. hi '1 "1 t .00 ; 10. (kt to S.'IO 2..V) 3.00 3.00- .... r-3.75 Cr. 1 bale, 500 lbs. 104 lbs. seed cotton, at 10c. ... 7.00 T"lal i... ........ .. f7.50 In our country the bale per acre farm 1 exceptional, this yield occur ring only In a small way or In small patches. The large farmer generally "goes broke" or quits after a few trials. Thee are no new things lo us. The fact that so "many things transpire and (fonaplre to limit pro duction. In spite of increased efforts, led us to organize the Southern Cot ton Association and the Farmers' Un ion to maintain Hylne nWices. along with the rapid advance of all other material. This holding movement means more than a desire for gain. Our very ex istence depends on living profits, and runless cotton keeps Its parity, the cot ton fields will be abandoned more rap Idly than heretofore. I manage 2.000 acres seven miles from this city, a prairie plantation. We raise cotton, grasses, corn, oats, .alfalfa and stock. Crop of cotton this yer. 135 bales; 1906, 150 bales; 1905, 200 bales. We planted for 200 this year, I thank you for your attention and shall be glad to -serve you further. Tors truly. , CHARLES I OAT. President Montgomery County Division Southern Cotton Association. 1857 Is hot best that one of reasons in th world w hy you tr Good to - ' You take the.word of your own Government for its' purity, not our word. Always good"Since 1857" A. Guckenheimer & Bros. DUtillert . Pittsborih II. At tho BhrIo Call of Sully. Ppaciul to The Observer. New York, Jan. U. Seldom has an announcement met with a heartier welcome than the "news that the oil bull leaders, Daniel J. Huily, had re turned to the fray. It Is not only the speculative element which feels the thrill, but even the farmer begins to think that 15-cent cotton is within his reach now that the oniy.man that ever lifted prices to that level Is at the holm. On all -previous advances It has been the selling of spot cotton wnicn cnecKefl uie rise and started a re-action. The most important feat ure, therefore, to watch Is the deposi tion of farmers. If they refuse to sell on this rise, then trie bull gprm has Infected them, and prices may go much higher before the last of the bears shall be run In, Gasfonlanit Cliargrd With Violation of ' Uqii'.tr Laws. , Spclal to The Obse.-ver. Gastotila. Jan. 15. In mayor's court this afternoon J. L. William, proprietor of the Williams drug store, and t. H. Stowe, a clerk In the store, were tried for violation of tho laws by retailing liquor and falling to keep proper records, as required by law. Williams was bound So court In two cases, his bond In each case being 200. Stowe was bound over' In one case, his bond being 1200. Both waLved examination. Stowe came to Oastonla some months ago from Charlotte, where ne clerked In a drug store. Infant Dlcn of Pneumonia. lrfulsburg. Jftji. 15. Annie, n.red 5 and one-half years, he youngest child of Mr. and Mrs. W. H. Neat, died last night at 12 o'clock. She wns nrsi auactteu with croup, which de veloped Into a serious cac of pneu monla, causing death. The funeral services took place from tho rexldenes 10-aay at :bd p. m. the r-rmtlns be ing interred in the local cemetery. SOQ the drink should aid ' Underwear, bought EXTAXGLED IS (SHAFTING. A Mount Airy Alan lla a Narrow IChcape From a llorrihle Death Know on Mountain a Ftot l)ee Another Family Move to Oklu hoina. Sspoiial to The Observer. Mount Airy, Jan. IS. Robert Fulton, who operates one of tha machines ia (he factory of the Mount Airy' Furni ture Company, while engaged In the discharge of his duty yesterday, be came entangled , In the shafting 1n some manner and was seriously Injur ed. His legs were. 'bruised, clothing torn to shreds and his watch put out of business. Jt Is said that the watch was torn to pieces. . He was saved from a horrible death or from serious Injury by sn.-re one who sig naled the engineer to stop the engine. Doctors Were summoned and the wounds drrssed as quickly as pos sible,' and the suffering man sent home. At this writing it Is learned that lr mm All good's guaranteed under tha Pur Food Law and -Drug Act' 1 j mm Do not spend your wciium swan, wnti log (as saaia noaoy Look far the Pure Food CaarantM whl will And oa all our goods, It means much Ton buy direct whan you order from tu ' wholes' distributors to th customer, aa antaa aalUfacUaa. or money refunded. shLjsad in caat nlain tulun , TffK. Hfltl0 TMMT Drepcld at DrUaa aantad. ' price In bulk lot. foU laTonaatlon mailed oarequeet. Oaliati below, ws aiaka good loases and breakag. IAJLL. FULL :ystovsr 0est tho world over) (I'M mi fe el Old April Jerk, wall inlaakt k.i maize corn wiuenevi Donald Kenny Malt Whiskey (medicinal) 3.23 Blue Ridge (Va. Mountain) 4.00 Huron Rivsr Rys, extra fine (bottled In bond) ; J os Dr. L Barron's Buchu Gin (medicinal).. 3.40 Kelly's Royal Corn (th finest) . 3.85 . Kelly Copper Distilled (bottled In bond) 3.20 Kelly's Medicinal Malt (bottled in bond) 3.90 Miss Tempting (finest Maryland 1 Osl. S-vaaroM Kv. PUT UP IN STONE JUGS, SAFELY PACKED IN PLAIN CASE, ALL CHARGES PREPAID 1 sl 6-ysar-old N. C. Com 1 gsl. Holland Gin 1 gal. Extra Fine Sherry 1 gal. Porto Rioo Rum 1 gal. Extra Good Port Wino 1 gal. 4-year-old Maryland Peach Brandy.. $2.85 1 gal. 4-yarold Va. Apple or Poach Brandy 2-S5 SPECIAL OFFER. S Gallons Old N. C. Corn 6. CO 3 Gallons Old Kentucky Rys 6.00 3 Gallons Fino Gin 6.00 4 Gallons Apolo or Peach Brandy 6.00 4r Gallon tithsr above 9.60 1 -w - w-w - w- vV S .e All order west of Mississippi, add E0 cents additional for each JJP" xcPt Kelly's Cepoop Distilled (bottled in bond) on which .orders outsldo Of Virginia,' tho Carolina. Maryland and i Coji,mbI. dd (0 cents for 4a.uarta, 3105 for quart and It. SO for II quarts. . Carrying charge on freight order 1J loss than above extra cnargea. Tie PHL a KeUy Co., Inc. Mil L kUai Laclli.rw.Ptni 1. 1 t. . C for our Fulton is getting along sptndldly. -Oeorge O. Graves, of the Mount Airy Table and Mantle Company, vho "suws wood and says nothing." loft yesterday for Orand Rapids. Mich., in the Interest of the table com pany. . The sales of tobacco are holding up fine and top prices are the order of the day. The farmers a,re tha lucky people of this i part of the State. The Farmers' Protective Associa tion will meet at Stewart's Creek Sat urday night In the "Pine- Ridge" school housn. An address will b delivered by Mr. Dock Key. It is, learned that the big snow on" the mountain near this city Wednes day was one foot deep., That bests all recent records. Ex-Mayor J. A. Hadley "is 'out of town on business to Siler City and other points. Willis. tn Reamer and family left the city Thursday for Oklahoma, where they will reside in future. Mr. George D. Faucet tT has been elected president of the First National Rank of this city and Mr. Garnet Faucett, cashier. money for com winded Wrirwanui Booklet, eocpleta Iki QUA CTS) 4qtt WmMM hr" fwU?'"' guar- llV Goods w. W11 lamed Will Bqte. 12qts. 15.85 3 9.00 4.S5 7.60 6.25 9.00 7.60 11.60 ; 7.65 11.50 .65 10.00 7.45 11.25 6.30 k 9.40 7.65 11.60 S.50 .12.50 ALL -QURCES SZ50 PREPAID W. rye).... 4.50 Rve LrrT1; Ths Li--cr S 1 1 1
The Charlotte Observer (Charlotte, N.C.)
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Jan. 17, 1908, edition 1
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