Newspapers / The Charlotte Observer (Charlotte, … / April 15, 1908, edition 1 / Page 9
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it 0 CHAIILQTTE tAILYI OBSEICVEBr APRIL 15, 1S03. COMMEBCE jSKD ' COTTON WEAK AND tSSEXTLED I ATI Mentha Sell Below 9 Out and Make New Ixw Records The Close Steady at a- Decline of 10 to. 13 Points. :J- : : New TorsvXpril 14 The eottoa market '. was weak and unsettled again to-day, wttn all month selling below eents -and making new low records. The close, was ' very steady, but at a net decline of 10 - to IS." Bales were estimated at 773.000 , The. market opened easy at a-decline of 4 to. points In response to . lower cables. There was soma, further. Wall . , Street - liquidation and scattered selling & the Booth and poor continental trade re. r ports, but offerings were not so heavy 'a yesterday, and during- the middle- oi the morning prices steadied up to a net - advance of 1 to 1 points. Later the llsl - again broke under foreed liquidation, be lieved ' to represent long- contracts, and , during-' the afternoon the market was very -weak with May declining to s.71 f -July to l-Wand October to 8.88. or IT to ' '11 points net lower.- 'Selling orders were withdrawn Just . before the close and price rallied -front the lowest on cover ing. .-.. . ' Receipts at the port to-day 27,(43 bales f against S.28 last' week and 14.479 last , year.. For the week 90,090 against 99.8S9 n last week and S3, 636 last year. Today's receipts at New Orleans 6.S30 against 1 AAA ' amt VMf..i Anil - llouflton. & 878 'against iMZ last year. i . ; TUB STOCK-MAKKOT. ; - , Baslnesl Ttarliic Early Session Very . imll and Board Room Rrokers .Abandon Atlempt- Weekly Review or Weatner t'ondiuons la Favorable. New Tork, April. 11 The Inertia of the stock market -proved too great to-day to . overcome and the board room' brokers were dispose to abandon the attempt comparatively early In the day. The ap - proach of a double or triple holiday is likely to have this effect on the market. The arrest of the demoralised break., in the cotton "market had some effect ol re lief In Wall Street, where the slump yes terday was accompanied by rumors of ' collateral effects nearer the stock es ohasge.' The weekly review of weather conditions by the weather bureau offered nothing unfavorable regarding the crops that has not been . previously discussed and with corresponding effect on prices, Surprise Is felt among New Tork bark ers that the Secretary of the Treasury has not Issued a can tor wunurawai oi additional government deposits, owing to the growing plethora of money st this centre and the known needs of the Treas ury. It Is thought highly probable that this expected call would issue on the actual movement of any gold out of New Tork to a foreign destination. This pros pect may have accounted for a slight hardening In the time money mantel to day, although this was 'not accompanied by any active Increase In the demand for loans. - Bonds were irregular and very dull. Sales, par value. t2.M0.00O. IT. 8. 2s registered, and the 3s registered advanced H and the Ss coupon H per cent, on call. , Sales stocks 282,100 shares, including: Sugar BOO; Tobacco 100; C. O. 300; Read ing 34.100; Union Pacific 34.900;- Slosa 100; Chemical 2,4w; offered 100. Baltimore, April 14. Seaboard common 4 bid; offered . New york... April 14.-Moblle 4 Ohio collateral trust 4a 75 bid, r. Hubbard Bros. dV Co.'nV)ottn Letter. Special to The Observer. " ' New Tork, ' April 14. The . liquidations continued to-day, but from more general sources. The decline In Liverpool were foreshadowed by the telegrams of yester day, and at our opening the market showed soma slight selling power at the lower figures then ruling. Trading wag ' light durteg the forenoon, but later free offering!! 'made a low level, from which, at the close, there was a slight rally on belated orders. Prices are, or wduld be, inviting were there any speculative ac tivity beyond that of the local trade. Spot cotton in the South, is well held de spite the short time in some mills and the closing of otJiers. The supply appears to be less than, the demand. 'New Orleans Cotton. , New Orleans, April 14. Cotton, spots were easy, 1-ltic. down on all grades. Middling 104; sales were 1,420 bales on the spot and 150 to arrive. Futures opened steady, 3 to 7 point! below the close yesterday, as a result of an unfavorable Liverpool, Soon after the opening futures were steadied by the disposition of shorts to accept profits In anticipation of bad weather in the belt. The market was narrow and fluctuations barely covered 10 points. The dullness In the spot market with lower prices served aa a- bearish factor In the future market. At the close, wnirn was steany, the active months were 7 to 10 points her low the close yesterday. Closing bids: April A5 nominal; May 9 41; June 9.35 nominal; July 9J0; Aug. .120; Oct. S.9J; Nov. i-ff; Pec, . IH, .-. . ' Dry Goods Market. - .' : New York. April It-Converters of cot ton goods are buying a lime more rreeiy " as price haVe now reached levels that give security In selling their finished . products. The export trade Is light. 500 bales'' Of-drills; to India and 500 cases of prints to Manila being the recent fea- tures. Cotton yarns are weaker and low er. Linings for (all will bo shown In a lew toays. Cneaper mohair and kid fln- ' lahed lintngs have been reduced. The re tail tradr for the day was better and ' jobbers had quite a good business in . wash coeds departments. - : ' 4 ' Money ' Market. New York,' April 14. Money on call easy. lVi to 1 per cent.; sullng rate 1; closing bid lJil offered, at . ' lime loans shade firmer, 60 days 2 to 3 and 90 days 1; sis months 3 to 4. Frinie mercantile paper 4V to 5; sterling exchange strong with actual business In bankers . bills at 487.05 to 4S7.10 for de mand and at 484.55 to 4S4.60 for 60-day bill. Commercial bins 48414- Bar .silver HV Mexican dollars' 47. .'.-..., - ' New .Tork Prod pee. "' New York. April, 14. Flour--ejulet and barely . steady. Rya flour steady. . Corn meal firm. Ryo nrm.- ' Wheat easy, . No. 1 red 99 V elevator. Options 4c t net lower; May 99H; July 93H; September 90"4.. - , .ITIU ill til , l. is. . iiuiiii rv..wi, vjr lions net unchanged; May TTi; July 73V. Cats steady; mixed 55. Beef steady. Cat meats firm. ' Lard easy Pork steady. Tallow steady. Rosin quiet. Turpentine Heady, 6J. Rico quiet. . - .- ' , .Sugar, -raw firm; fair refining $3.9 cen trifugal test, $4.43; molasses sugar $3.97; refined steady. ' - Ccffee quiet; Rio No. 7, 6; Santos No. t. 8 to 8H; mild coffee quiet; Cordova to 11. Net unchanged to points lower. ' Butter i -weak; creamery specials ; extra a: third to first It to T7? common to choice 20 to H Cheese easy, unchang ed. Eg-a-a steady, unchanged. . Freights and peannts unchanged; po ts foea and -eabsmjressteady unchanged. : i T" - ' ." Cotton Rcrd OIL : '.'" ;Nw York. April 14. Cotton seed "oil as steady on lighter crude offerings and pre f ess tonal support. Prime crude $4 to MH; prime summer yellow 43; off summer yellow 4C-X to 41H: good off summer yel low 41 " to 4UVd; prime white tii to 46; prime winter yellow C to 45. " ' ' Pally Cotton Market. New Terk, April 15. Galveston. . tone easy; middling 10 3-16; net receipts 7,919; gross receipts 7,919; salrj 200; stock 119, 823;', continent Lfe: ocastwiae 739. - - ' New Orleans, easy; middling 10H: net receipts .; gross receipts ..S3; sales MOO;- stock 190.982; .V""- --. Mobile, tone easy; middling 10; net re. ceipts 44; gross receipts 484; sales 25; sales . 18.245; coastwise 1.209. . ' - '. Savannah, tone dull; middling 10: net receipts 2,413; gross, receipts 2,413; sales 484; stock 45.116; coastwise 1.290. .. . , Charleston., tone nominal:: net receipts 111; gross receipts 111; stock 1440; coast- WiM CIS. - , - ' - Wilmington, ton nominal; net receipts 115; gross receipts M; stock 11.895. . Norfolk, tone dull; middling 10fc; net receipts 771; grera receipts 771; sales 82; stock 23,973; coastwise 709. .i. - , Baltimore, tone nominal; middling 10H; gross receipts 255; sales ; stock 10,J&3 coastwise 1,580. - ' ' New Tork, tone quiet; middling 10; gross receipts 1.417; stock 96,53; Ot.- Britain 319. Boston, tohexqulet; middling 10; grow receipts 1156. X . Philadelphia, 4onKquieU mlddllnsj 10.25; stock 3,402. ; V , ' Total to-day, st all ports, net 17.843; Ot Britain 819; continent 8,221; Stock 554.820. . Consolidated, at all ports, .net 38,929; Gt. Britain 3,199; continent 84.099. s. ...... Total alnca Seot. 1. at all ports, net 7,581.383; Ot Britain 1598.875: France 768,. 018; continent t,8S8,02; Japan 182,818; Mexico 1.299. ' ;.. ' - INTERIOR -MOVEMENT.- Houston, tone quiet;, middling 10V4: net receipts 3.K8; gross receipts 8,976; ship ment! 4,719; sales J7; stock 42.900. Ausrusta. tone quiet: middling 10; vet receipts 101; gross receipts 106; shipments 488; sales- 34f stoek -47,4. - Mxmnhla. tone ouiet: middling Whk: net receipts 902; gross receiptsl,l99; ship ments 2,622; Sale 350; stock 108.287. St Louis, tone quiet; middling luv: nei receipts 20; gross receipt 3,we; anip meoU 2.466; stock 27.6S3. rinclnnati: net receipts. 4: gross re- celpu 439; shipments 257; stock 13.723. Louisville, tons nrm; nimauni Utila Rock. . ton - nornlnal; middling 94; net receipts 203;' gross reeeipts 208; stocle 22.906. Tnini ta-rfav. net receipts 6,-wt; gross receipts 8,644; shipments 10,442; sales 1,611; stock 262,511. ' Baltimore Produce. BalMmore, ,Aprtl 14. Flour quiet, un changed. Wheat dull, spot contract m to 941 J0.. red western vf .to., o-tw, Southern on grade 90H to 944. Corn dull: Pot mixed 8 to s; .o. I white 69H to Southern white corn 87 to 694. Oats steady; No. ! mixed 65 to 56. Rye dull; No. 2 ..estern domestic 84 to 8a. Butter nrm, unchanged. Eggs steady, unchanged 15. Sugar unchang ed. Naval Btore. Charleston, 8. C April 14. Turpentine and rosin nothing doing; quotations omitted. Savannah. Oa.. April 14.-Splrlta tur pentine firm 46; Bales 1,155; receipts ; shipments 12$. Rosin Arm; sales ,03; receipts z.uu; ahlnments 409: stock 45.935. Quote: A B C $3.40; -D $3 45; B $3.46 to $3.60; T $3.55; CI 13.60 to $3.65: H $3.; 1 $4 25; K $5.15; M $5.50; N $5.59; W Q $3.60; W W $5.70 to $5.80. barrels rosin; turpentine none. Exports for New Tor, wo Darreis.rosin; 100 ben-els turpentine. - : New York Cotton. New York. April 14. Beeves, receipts 1.521, nothing doing; steady. Calves, receipts 4,000, steady; sold $5 to $8.25. r : 8heep and lambs, receipts 1,242, slow. Wooled sheep $5 to $5.50; good unshorn lambs $8; clipped $6.50; Southern spring $1.65. . - I Hogs, receipts; 6,475. Good medium state hogs 6.55 to $6.65. Chicago Cattle Market. Chicago, April 14.-Cattle, receipts 2.500, steady; steers $5.50 to $6.85; stockers and feeders $3.25 to $516; cows $3.60 to $6; calves $5.75 to $6.S. Hogs, receipts 12,000, 6 to 10 lower. Choice heavy shipping $3.95 to $6.05; butchers $5.95 to $6.10; light mixed $5.90 to $6.96; pigs $4 to $5.50; bulk, .ot sales $5.85 tO 85.96. Sheep, receipts 11.000, steady, hut dull. Sheep $4 50 to $6; lambs $6.50 to $7.75; year lings $5.50 to $6.50. Liverpool Cotton. Liverpool, April 14. Closing cotton: Spot In fair demand; prices 16 points low er; American middling lair 6.12; good middling 5.76; middling 6.50; low middling $.16; good ordinary 4.72; ordinary 4.22. Bales were 8.000, of which 500 were, for speculation and export and Tndluded 7, 700 Amarlonn, Benalts l.fiOO. Including ,- 100 American. Futures opened easy and closed steady; American middling g. o. c April .... ... . April-May .... . May-June. June-July ..... ... July-August. . ..... August-Beptember . j. September-October ..... ... ... October-November November-December ... .. December-January ... January-February -Hi -.06Mt 07 Vvt s'osjbt J 00V4 4 95H 4 9-fti 190 -4.89 4.89 -T ; Estimates. To-. Tst morrow. Year, New Orleans... Houston... . 6.500--6.600 8,589 . 1.000-1.500 5,247 . 700-LOO0 4.593 Galveston Comparative Port Receipts ' - ' To- Last v- day. -Year. Oalvestc ... $.817 New Orleans . 1.990 Mobile... ......... ,- Savannah. ............. Charleston... .... Wilmington... ...... .i. Norfolk..-, ...'. .- .... ..i Boston...- ,4 .... . .. ... Philadelphia.,... ... . i . Totals.. ....U41 14.471 ' CtiK-afiro Gram and Prdmlonii. ' Chicago. Apr.. -14. Reports of rain In various parts of Kansas", where the crop Is said to have been damaged by drought caused a. weak close to-day In the local wheat market, ..The final quotation found May. wheat lower. Cora was off . Oats were down and pro via Ion were Xi to-20c. lower. K . ' r - - High. Low. Close. -wTlEAT- '--'' - . May..; ..rr,.. r.r ti9otot, July... - $4. 86 rpt... i. . .. . .... 84 t&k -13 CORN - ' - , May .;. ... ... ... . .. 6H tt Jaly. ... ... 4H F 67 64 624 OATS- ; '- .. ' --- - May 5J Wk 5J July .. ... ... .. 4jH -, 45. 4514 - Wept. .. .. ... .. a. ' t7MrtTa pork- ; , : May ... t. ... .. '1J.J2 jtt.Ti July ... U.67 U S LARD . ' May.U'... ... ..... t2J 8,20 JUl3T.e e r S-M ' 11.8 11.56 . $.42 RIBS - i May..'.... .... Ttt - 7 " ?.1o July 1st 7.3S 7-J5 J41 IJ53 ..' Ul . 11S . 16S .. .178 L547 .. (4 '-'.68 1 10',xl2" Talbott Slide Valve Engine. . ' 5; 1 12Mx30" . . Watts-Campbell Corliss Enginev - 2 40 II. P., Kturn Tubular Boilers. . - ' ; 180 Hi Return Tubular Boiler, butt strapped, Vi triple rivetedV120 poiinds'pressure, ' ; 1200 H. P. Water. Tube Boiler. ; ; - - v . LOW PRICES. ' ASK US. : STATE YOUR WANTS-WE CAN FILL THEM. . GREENSBORO SUPPLY CO. in V CARDS DRAWING MACHINE WORKS CCsVT TO IM TAUNTON, COMBERS UP MACHINES SOUTHERN OFFICE AT CHARLOTTE ' EDWIN HOWARD, AOCNT. THE JOEL HUNTER COMPANY (Chartered) FTTBUC AC-COUNTANTS AND AUDITORS. Cost Systems. ' Investlg-a Uons. Bank KxamluaUoBs. 1219-20-31 Empire Blilg., Atlanta. Ga. " CORRESPONDENCE SOLICITED. Charlotte Cotton. These figures represent prices paid to wagens April 14th: Good middling Strict middling .. ,.l,,,jJ....... . loe Middling ........ w Oiarlotto Prortur. (Corrected by R. H. Fiela Co.) Butter 1 .' 1 T2 Chickens Spring 20 J2 Ducks 25 Eggs 13 14 Geese per head 40 0fA Hens per hesd 40 41 Turkeys per pounC 13 tl (Corrected dally by Cochrans-McLausjh-lln Co.) Rye K Corn 99 Cotton sed "vt Oats 71 NEW TORK COTTON. New York. April 14. Spot closed quiet. 10 points lower; middling: uplands 10.00; middling gulf 10.25; no sales. Futures opened easy and closed very steady. Open High Low Close April .. .. .... 8,77 May .... , ... 8.88 9.00 . 8.79 8.85 June .. T. ..... 9.04 8.92 8.90 July 9.00 9.09 8.90 8.95 Aug. ..... .. 8.92 9.00 8.85 8.88 Sept. 8. 86 Oct 8.89 9.06 8.86 8.91 Nov 8.98 8.98 8.98 8.90 Dec 8.98 9.05 8.87 8.92 Jan. ., ,i .. 8.99-9.00 9.05 8.87 8.91 March .. .. .... 8.92bld S.9i NEW YORK BONDS. U. S. refunding 2s registered 103 104 U. S. refunding 2a coupon U. 8. 3s registered 100H U. 8. Ss coupon U. S. New 4s registered V. 8. New 4s coupon American Tobacco 4s American Tobacco 6s Atchison general 4s Atchison adjustment 4s Atlantic Coast Line 4s Baltimore & Ohio 4s Baltimore Ohio 3tts Brooklyn R. T. cvs 4s.. .... Central ol Georgia 6a Central of Georgia 1st Inc. old.... Central of Georgia 2d Inc. ofd Central of Georgia 3d Inc. ofd.. 101 119 12214 69 104 96 M14 m Vfk 9M 70 105 67 46 30 97 62 95H Chesapeake A Ohio 4Hs Chicago & Alton Ss ofd Chicago. B. A Qulncy new 4s ; Chicago. R. I. P. R- R- Chicago, R. I. & P. R. R- col. 5a C, C, C. ft St. Louis gen. 4s bid.. Colorado Industrial 5s Series A .... Colorado Midland is.. .. .. .. Colorado & Southern 4s. Cuba 5 bid ;rvr;r -.-r-.--.-ini Denver ft Rio Grande 4s old Distillers' Securities 5s bid. -.. Erie prior lien 4s bid Eft General 4s hid :-.:; .. Hocking Valley 4s ofd. 63 64U 94 r.44 60 88 Ml r 94 691, 86 69 102 86 . 86 .96(4 9214 8114 17 80 96 80 77 9014 Janaa 4Us certificates Japan 4Ha certificates 2d Series i Loulavnie & Nashville Utilfled 4s .. (Manhattan consol gold 4s bid i Mexican Central 4s Mexican -nu Minn, ft ft. Louis 4s ofd Missouri. Kansas ft Texas 4s.. .... Missouri, Kansas ft Texas i'ds bid National R. R. of Mexico 4 bid.. v. iru Central eeneral 2Vis.... New Jersey Central general 6s bid 1234 Northern Pacific li Northern Pacific 3s bid .... .. .. . Norfolk & Western consol 4a w Oregon Short Lin rrag. .... Penn. cv. 8Via.. n..4(M -flsanoral 4R . 96 9T 8t Louis ft Iron Mountain col. 5s 103J4 St. Louts ft San Francisco fg. 4s.... Ti St Louis Southwestern col. 4s.. tnvi Seaboard Air Line 4 btt 47 Southern Pacific 4s Wd .. Southern Pacific 1st 4a ctfs. bid.. WH Southern Railway 5s .- .. - -j e.... M. Parlfla lstS . at . a. Western 4s. bid .. 70. Union Pacific-4a .... tTnlon Pacific cv. 4a ctfs. .. .. ... U, 8. Steel 2d5s Wabash lata ... .. Wabash Deb. B. bid Western Md. 4a bid .... Wheeling ft Lake Erie 4s bid Wisconsin Central 4s ofd.. Japan 4a ..... ...... Atchison cv. 4s Atchison cv.. Is .. .... ." Interboreugh Metropolitan 4Hs . 99 85 92 107 47. 64 63 R 77 87 99 CliOBISO STOCK LIST. Adams Express Amalgamated A-opper ; .. American Car ft-Poundry American Oar ft Foundry pfd. ., American Cotton Oil ... American Cotton Oil preferred ....... 67 - . 91 . 27 . 81 , lo "IS . 24 . 8 .20 . . 4S .; i . 94 . 125 LAmertcan Express .... .... American Hide ft Lamer pi American lea ....... ..... .. American Unseed Oil .. .. American Unseed Oil preferred American Locomotive , American Locomotive preferred -: American Bnaelffiig Refng. ... A merles a Smelting ft Refng. pfd. American Sugar Refining .. ,. ... .. American Tobacco pfd. - crtlf..... Anaconda Mining Co,. :.. . ...... Alrhtson i.... " - nrn .... Atchison preferred ..., .v. 76 7 7J 82 Atlantic Coast Lint ...... .... .. .. Fsltlraore ft Ohio i.. .... ..... Baltlmort tft Ohio pref-srrH SPINNING . CD1UCC MACAai Otw I nMsULv MACHINERY ""85 isP1 timet gft s sss, HiykLO - i nnuc Brooklyn Rapid Transit .. .. Canadiun Pacific x... Central of New jersey.. .- Chesapeake a Ohio Chioag Great Weatern .. .. Chicago ft Northwestern Chicago, Mil. ft St. Paul ... .. 46 .. IMM .. 171 ... 31 ... 6 .V. 14H ... U ... $- .. 10 ... n ... 2S Chicago Terminal ft Transit Chicago Terminal ft Transit pd. , C, C, C. A St. Loula Colorado Fuel ft Iron Colorado ft Southern Colorado ft Southern 1st preferred. Colorado ft Southern 2d preferred Consolidated Gss.i .. Corn Products Refining Corn Products Refining pfd Delaware ft Hudson Delaware. Lackawanna ft West... Denver A Rio Grande , Denver ft Rio Grande preferred ... Distillers' Securities Krle ' Erie 1st preferred General Electric , Illinois Central International Paper International Paper preferred ...... International Pump International Pump preferred. .. ., 14 66 IMS 47S 1H 64 31 17 34H 132 12KH H 64 23 70H Iowa Central - Iowa Central preferred Kansas City Southern .- Kansas CKy Southern preferred ... Louisville ft Nashville , Mexican Central .,' .... ., Minneapolis ft St. Loula , Minn., St. P. ft Sault Ste. M , Minn., 8t. P. ft Sault Ste. M. pfd. Missouri Pacific ; , Missouri, Kansas ft Texas 32 22 99 16H 23 112 125 44 24V, Missouri, Kansas ft Texas pfd. 66 National Lead u National R. R. of Mexico pfd 46 New Tork Central 9J iNew Tork, Ontario ft Western.... S2 NorfeiK ft Western ..... 63 NonoiK ft western pfd 72 North American 63 J'acine Mall 26 Pennsylvania in People's Gas 89 Pittsburg, C. C. ft St. Louis 67 Pressed Steel Car 2J Pressed Steel preferred 78 Pullman Palace Car 15)1 Reading ,.. jos Heading 1st preferred go Reading 2d preferred 0 Republic Steel U Republic Steel preferred (W4 Rock Island Co 14 Rock Island Co. pfd - 28 St. Louis ft San Fran. Id pd. ...... St. Louis Southwestern .. u St. Loula Southwestera pfd 34 Southern Pacific 74 Southern Pselfle pfd U2 Southern Railway '.. .. ,, .......... . 14 Southern Railway preferred St Texas ft Pacific .... , .... 17 Toledo, St. Louis A West.. .."..,.... 17 Toledo, St. Louis ft West pfd. .... 41 Union Paotnc ..i ... ...... 1?7 t'nlon Paefflo preferred .. .. .... T9 United States Express .. .. .. ...... ! 71 United 81te, Realty .. .. .. .. $9 United States Rubber .. .. .. .. .. 20 United States, Rubber preferred ... E United States Steel ., .. 34 United States 0tetl preferred .. .... 99 Virginia Carolina Chemieal 20 Virginia Carolina Chemical pfd. ... 90 Wabash .., 10 Wabash preferred .' 17 Wells Fsrgo Express ., .... .. 250 Westlnghouse Electric .. .. .. ...... 66 Western Union 62, Wheeling A Lake Erie .... I Wisconsin Central .... 14 Wisconsin Central preferred 83 Northern Pacific .. 126 Central Leather .... -22 Central Leather preferred 88 Sloes Sheffield i 44 Interborough Metropolitan .. .. 10 Interborough Metropolitan pfd. .... 7 Great Northern preferred .... .. ... 124 .Utah Copper .. .. .. .; 29 REXEW HOLDING MOVEMENT.- Farmers' Union and Ron them Cotton Growers' Association Rnew Ar4i v It lea on the- Remnants of the 107 Cotton ,CYop ; . A renewed move-menf to hold cot ton off the market haa been Started by the Farmers' Union In conjuction with the Southern Cotton AsooUtlon, as -forecasted In the telegraphic dis patches wawral day ago. the effort belnr directed to ve the remnant ef the 1 SOT crop from being sold at the low prices which now prevail. The bankers In a number of southern States -have volunteered thetr assist ance at tola time, and It Is likely that the movement will be much more successful than, when it was first started. President Harvle Jordan, of, tke-Southern- Cotton Aeeecleulon. has the following to say about this effort which will be ef interest to the people of this section: "The recent holding movement of the remnant of the crop of 1907 now left In 'the hands of farmers, mer chants, bankers and cotton factors In thf South. Inaugurated by the Southern Cotton Association and the Farmers Union. Is fast taking' defl. ftftg and effectUo Shape; " ' Tss rtrm' ere 'Union Cotton Companies In Ten nessee. Arkansas. Sf hwlsslppl and Ala bama, have already perfected ar rangements with bankers, - In those States to finance every bale of cotton held In Farmers' Union warehouses upon which money -will be meded un til September 1st. , - "The cBtraJ headquarters gad State division tf the Southern Cotton As- COTTON MILL MACHIN ERY. Stuart W' Cramer, outh tryom st.. Charlotte n. o. : Revolvlnc Flat Card, Railway Head. Drawinf Frames, 5plnnino; Frames, Twisters and Spoolers Quillers and Reels, Loonij, C0MBKR5 ETC.. GTC HUBBAED BROS. & CO., HANOVER SQUARE, NEW YORK MEMBERS OF New Tork Cotton Kx- cjign.se.. ..New. Orleans Cotton Ex.; change. Associate Members Liver pool Cotton Exchange. ORDERS SOLICITED For the pur- cnase and salt or cotton for future delivery. Ce.-respondene Inylte4. soclatlon are securing aim liar results for all cotton held y members of the association. The local hankers generally are extending such loans as may bo needed on cotton In stor age In the different counties until September and October. Similar er rs n gem en ta are being made at larger entrallaad points, and all the reports now coming In are very natlsfaoxory. The bankers gll over the South realise that spot cotton has been artificially depressed to very low. levels and are willing to help the farmers in their present ftort to absolutely check sales until prices reach more satisfac tory figures. "The manufacturers are becoming alarmed over the low prices of eipot cotton at the end of the selling sea sen, when they purchased the bulk of the crop at much higher levels. Let no cotton bo sold at present prices. Tie up the movement abso lutely, and thereby fore the market hljfher. The hankers everywhere will lend their aid and co-operation. I cannot too freely emphaslxo again the Imperative importance of cutting down the cotton acreage and pre venting a serious crisis next winter." WILD HORSES NOT CAPTURED. Ijcadrrs So Wary Tlutt Tliry Oct Their Rands Away From Hunt ers. Denver Republican. Several efforts have been mado to capture three bands of wild horses feeding in the neighborhood of Kit Carson. Among the group thai runs' wild about twenty inlls t.orth of the town are said to be a powerful horse and an equally handsome mare that would make a team worth about 1406. A huge sorrel stallion with a blase face, a tall that' reaches to the ground and a heavy, flowing mane is the leader of the band and is said to be so wary that up to date all attempts to run down any me Tiber of the group has resulted in failure. When a man appears on the horl xon the stallion sounds the alarm and starts the band off In the other dtrec tion, led by a small roan broncho. Tae stallion himself brings up the rear, snapping at the marei to make them run faster, and If too hard pushed he will stride off by h lintel f. The country whero this band roams is known as the Little ana uig (Springs section, and the Xurnu-rs In that vlcln ity are watching tiflr own horses closely to keep them from Joining the wild herd. A dome.itlcatwd horse Is often coaxed away oy a band of wild ones and in a lew days is as wild as the rest. There Is said to be another band. led by a 'g brown stallion, about twenty miles south or -Kit Carson, and a third, led by a bay, not quite so far on. some or the horses nave oranaa, while others have not. BIDS WANTED. Sealed proposals for con structing about 1,200 feet of 8-ineh sewer and necessary manholes will be received up to 12 o'clock noon April 20th, 1908, at the City Jn eineer's Office, where bid ding forms may be obtained. The right is reserved to reject any and all bids. A. II. WEARN, ' Ex:0fficio Clerk and Treas. MECKLENBURG IRONWORKS CHARLOTTE, N. 0. : Motors, Dynamos, ' . . ; Alternating an ; Direct Current. : ; s Any size and voltage, 5 Stock on hand. : ' We ask for orders. iiis . y-'M-. ''.' iV;.?-' ) " Cv: ; ENQINEEITaND COMTRACTOIt fcsocsn . Slubbers, Roving Frames Intermediates, Jack Frames READ THIS EF TOU HAVE TO SELL, LIST IT IN THIS OFFER It you have houses or stores to rent, let me do your collecting and. trouble fend worry. The place to Insure your property Is In this agency. ?. E. Gochrane. Insurance) and Real Estate Agent.. THE LARGEST The largest single order or contract for Cement ttat hat . evet. been placed tn the South has been won by us. This sale was for ' approximately S00.069 Bags, amounting to approximately $100. 000.00 In money, and waa made to Black A Laird, Ltd., for the City1 of New Orleans. While this Is a very nice order Indeed, the grati fying part of It lies In tfce fact that, although there were bidders competing from all parts of the country. SOME TEN OF WHICH BID FROM $10,000 TO $10,000 LESS THAN U8, WE WON THB ORDER, as after testing our cement and Investigating our responsi bility. It was found that WE NOT ONLY HAD THE QUALTTT WANTED, but could "DELIVER THE GOODS." Carolina Portland Cement Comp'y -CHARLESTON, 8. C. LOUIS H. ASBTJRY ARCHITECT, Law Building, Charlotte, N. C JAMES E. MITCHELL CO, COMMISSION MEHCILNTS Cotton Yarns and Cotton Cloths. CONSIGNMENTS SOLICITED Philadelphia, f 23 and 1S4 Cheetnnt St Boston, 105 Summer St. New York, No. 71 Leonard St. Charlotte, SS S. Tryon St. Didn't have time to write ad as Fan Sea son is here. We are selling the best at reas onable prices. The R. G. AutenCo. toa S. Trron and S . Fourth St. 'Phones 1X07 and 1S0S. : Leonard L, Honter and FranUla Oordoa ARCHITECTS Latr BuUding, Charlotte, jr. C Noa, 111 and SIS. . . Thone S7S. FRANK P. M1LBURN a CO. ARCHITECTS WASHINCTON, B. C A. D. SALKELD & BR0.,- COMMISSION MERCHANTS , ga.7S Leonard Street, TfEAf TORK. COTTON YARNS sv sua a Frcdlc Vietor & Achelis.. HOOK' AND R0QHR3 ARCHITECTS t ' . :t " -.:.-.v,.'V-:' CTIARLOTTE, IT. X ! ' mkncn emit EOUITAwl-a BUItDIMO. ' ' .: --'..Atlanta; 3sV Automatic Feeders, Openert and Trunk, Breaker, Intermediate and Finisher Lappers, KlrschnerCerduif Beaters Thread Extractors, .Waste Pickers, etc. ; . Raw Stock Dryers. . ETCETC. SALE Of CEMENT Hardwood Mantels We manufacture and carry a tars stock of Hardwood Mantels; also dealers In Tile and Oratea Cssa flU orders croraptly. Wrlu (or la-rue. J. H. WEARN & CO, Charlotte, W. CL College Annuals -' Let as furnish you wim emethtns; sew in tb CoU Uf Annual line tals year. With eur new- equipment- type, presses, ste. ire arc (ally prspared to glv yo something entirely different trem that which yon ha-ra heretofore been uslBg. if yea want something- sped any attrsotl-ra, see the OBSERVER, PRINTING HOUSE . . CSAItLOTTE, K. OL - m. Manufacturers and Jobbers , FaestUy aiMI It aecoasary ta hare tmaalag Facttttles n ad. ditioa to tboso etfereU bj local basks. " tt.Vi, ... ..-.. . . TUB . .. first: Naticnd'Bdi., - or raciuioNtv virgixl. :-- WtUt ' Sl.aaa.ooa.ot Capital lroea arl- Ma.9W.saj eaoaloa.'M iepoajte t.uOtt,M-a Total - Rasoorcea Odor etas the AddlUonal IV lUUes Jtesjotred. . Joe. . rarcell. PresLVnt; Imm. M. MU-", Jr XmVnU. aeotl Chask H. Darnette. A, (tstaag Caahiert . A. G. , . -Aaltas CahlssV . (
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
April 15, 1908, edition 1
9
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