Newspapers / The Charlotte Observer (Charlotte, … / July 17, 1908, edition 1 / Page 12
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- w --.., . : -" " ::--; - y-:rr:vY;- , - -v.'.. - CHARLOTTE DAILY ,OBSER VTER j JVLX 17, .1908. i niLLSVAD MARKETS MANCHESTER'S COTTOJT TRADE. Furtlier Measure to Curtail the Yum - Production and Reduce Wages. Manchester Letter, ad, to New York Journal of Commerce. The general committee of the Fed eration of Master Option Bptnners As sociation has met in Manchester with Mr. C. W. Macara In the chair, to consider, among other matters, the duecUon o( the further working of Jng any difficulty whlclTeltrstr 1n the- trad. On May lSih a ma? meet nf of members of the American eectlon of th federation member who are ;. enraged tn the .pinning of American cotton decided to clow the mills for :a total period of 117 1-a hours, in -accordance with this decision, it was arranged that work should cease for Mho whole of Whit-week and n trie Satnrday and Monday of the four following weeks-namely. June 20th ' and 22d. June 27th and th and th. and July 11th and 13th. The organised curtailment of yarn production which this resolution in- volve has not. it Is said, sumeed to restore the market to Its normal con dition, and the general- committee of the federation discussed the advis ability of closing the mills for a fur-, ther period. The committee decided to convene a mass mn... American section members to be hem ' ai the Manchester Coal Kxchangn the ' xt rndas-. when th? fnlliwin ren liitlon will be submitted for approval er otherwlne: v "That this meeting of the members of the American section of the fed eration is of opinion that short time working should he crtTHnuerl by stop ping the mills each Saturday and Monday during the follow Mug seven weeks- July 18th an1 -.'0th. July 25th nd 27th. August 1st and 3d. August itth and 10th. August 15th and 1-th, August 22d and "24th and August 29th and 31st. or an equivalent stoppage dnrlna- this p-rlod of 10S 1-2 hours, exclusive of all days stopped for holi day other than Saturdays and Mon day". A circular letter wis posted to each of the American section members by the federation secretary (Mr. J. flmedhurst) asking for the appoint ment of representatives to attend tne meeting. The effect of the lutter por tion of the resolution to be proposed ' was .explained in a footnote, which stated: "Firms In a district stopping for holidays on Friday night. July 31st. and commencing work on Monday. August 10th. would be entitled to count the stoppage on Saturday (Au gust 1st). Mjnday (August 3d) and Saturday (August Sth) In the stop page of 10 1-2 hours, but would not fee entitled to count the intervening day Tuesday, Wednesday. Thursday and Friday, August 4th to 7th, Inclu sive." It is possible that before the max n..tin. 1m held some steps will be bcl'55. taken by the federation committee to dlsouss the qu-stlon .of obtaining a reduction In operatives' wbrm- The matter was referred to "lightly at yesterday's meeting, but there was no mention of H In th.. official report of the proceedings, and when question -d "the (secretary of the federation said lie had "nothing to state: Th Brook land agreement, by Which the ac tion of employers and employed are regulated when wacs questions are involved provides that no advance or reduction shall "be more or less than S per cent." and that there shall be gU-en by one side to the other one calendar month's notice In writing of any demand for a reduction or an advance. For th present the matter has not rone beyond mere preliminary discus sion jamong members of the employ -er' committee, and It remain- to he Been whether the federation will agree on ome common line of action. Elisabeth City Mill Declare plvideml. Small Brwl.t to The Observer. , ... ,. Y..i., if Th an- .tncUhnlrten. of DUBl mwii . ' . . - he Elizabeth t Sty t otton suns w : - i held this afternon and the following , warmer Friday: Saturday, lair; winds; officer elected: Charles H. Robin- j shifting to fresh south. , on president; J. B. Flora. vice! South Carolina. Georgia, wept Florida. president, and James d. Gregory. Alsbnma and Mississippi, fair Friday, Jecretary' and treasurer. Directors: ; and Saturday; light to fresh south wind Charles H. Robinson. J. B. Flora. I. i Fast Florida, showers Friday and B. Bradford, P. H- Williams. D. M. I Saturday; light variable winds Jones, W. T- Old and Ij. S Blades j Loulsluna and eMt Texas, fair Friday: A dividend of 4 per cent was de- '. Saturday fair In south, showers and eool dared. Last year the dividend de- I er n north portion; light to fresh south ctared was 8 per cent This year winds. I ha been very unfavorable, the mills ! est Texas, showers Friday and Fatur- running most of the time on short 'day. time and for a few weeks were shut , Arkansas, fair Frl Jiiy. showers and I down on account of the unfavorable : market. The mills are now running full time, but the management states that the prospects at present are not at all favorable for profitable business. WILMINGTON NEWS NOTES. Wednesday Wa the Hottest Day of the Year Naval Renn Off For Cruise District Organizer For Woodmen. Special to Th Observer. Wilmington. July 1. Yesterday Was the hottest day of the present . , aummer her The thermometer reg- itered . and . the humidity was In- ; -tMr With a- little over two thou- j and excursionists in the city the suburban car line to the beach was taxed to Its capacity to handle the crowd Irom the seashore. Two ex cursions arrived during the day from High Point and another from points on th Aberdeen & Rockflsn and Aberdeen ft Asheboro railways. These, -with the two big three-day parties from Charlotte and Columbia the day before made the city alive ith visitors. - The Wilmington division of naval reserve, thirty-three men strong nd under command of Lieutenant John 3- Peachau, 1 off for the prac- : Ve -rta - with the North Carolina Brigade on board the United States orlllarjr 'cruiser Prairie, which was sfeoarded at Morehead City to-day. Th reserves will cruise for ten days with th regulars In Chesapeake bay And th Wilmington division Is look in forward to th event . with much fleanr. R, J. Hester, of CI ark ton. has been appointed district organiser In this eerritorjr for th Woodmen- of the World and has begun an active cin- ,ai for new members. He hopes to Add om hundred to the Wilmington -amp within th next few -weeks. HI Appointment Is from Mr. E. B. Lewis, of Klnston. sovereign manager for IS'orth Carolina. ' , Alreauty OuV. CBfortiuuurl. . Macon Telegraph. !y-:-? ; ; "But what difference does the plat form make? ,i Nobody cares what It i rs. Bryan la hJs own platform." crharleston News snd Courier; Don't let that et out. narJott Ot-erver, f ;'"'-'.. ' . . Tl.e Republicans have got. It nf r"e, government ownership, initiative I r leretijum anj all th rest. Elisabeth City Three Institutions Suffered Little Prom the- Panic- lufh Building: Going on . In the CUy on the paaquotank. - , Special to Tli Observer. . ' ' Elisabeth- City, July 16. The banking. Institutions of this city are in excellent shape. Notwithstartding the panicky conditions and - tight financial times, deposit have mate rially increased and never for a mo ment have the customer of the dif ferent instltutiiAu been inconven ienced in securing their usual ac commodations.' " The three banks here have State reputations for phejr excellent management and stability. .Tbft?fLn'BankwDr McMullan is president and Mr. NTR. Griffin cashier, had a most prosper ous year and declared it usual 6 per cent, semi-annual dividend The T'1 National Bank, of which Charles H. Robinson Is president and V. R. Old cashier, shows a steady growth and Increased its dividend from 5 ter cent, semi-annually to 6 per cent. The Savings Bank and Trust Com pany, the youngest of the banking In stitutions of the city, continues to in crease Its deposits anil promises to be, in no distant day, one of the biggest Institutions in 'the city. The dividend this year was Increased from 4 per cent, semi-annually to 5 per cent, semi-annually. W. T. Old la president of this thriving Institu tion and Harry Kramer Is cashier. There Is a considerable amount of building activity In evidence here aU present: in fact, more than has been noted for years. Brivk stores, olflco buildings, school buildings and resi dences! u re. ail being ra.pldly added to push the price of real estate up. The lumber market having gone off con siderably is, no doubt, partially re sponsible for this unusual activity In building circle. Tlie. Dare dumber Company's large lumber mills here arc about completed and will bo one of the largest plants in the South. The buildings are ail built entirely of cement and are as near fire, proof as they can be made. The company has spent barrels of money since having begun operation here and has leased one million dollars' worth of timber lands In pare coun ty. Work at in early date will be gin on the new school buildings for the graded schools, .also on the audi torium and market house for the cor poration. The Y. M. C. A. building, which, by the way, Is one, of the prettiest and most convenient buildings of ita kind In the Mtute, has never been completed and ef forts are being made to resume work. Work was discontinued gome montiis ago on account of the money stringency. There are loads of money In circulation for building purposes and these are only a partial list of the new buildings going up. To go Into details would require several columns. The Junior Order of Mechanics Is holding; a district meeting here this wei-lt and quite a number of dele gates and visitors are present. Re ports from the different lodges n the district are being henrd and Die work accompllsned during the past term is said to be gratlfvlna- r.,1. P. Smith. a prominent Junior from Raleigh, delivered ,ui address at the court house to-night. TIIK MOSS ItOSK. From the f.erman" of Kpuinrmirl.er. Tlie angel of the flowers one day. Beneath a rose tree sleeping lay That spirit to whose charge 'tis given To bathe young buds In dews of heaven. Awaking from It In light repose. Tlie angel whispered to the rose: "Oh, fondest object of my care, fitlll fairest found, where all are fair; For the sweet simile thou glv'gt to me Ask what thou wilt, 'tis granted thee." "Then." said the rose, with deepened glow, "On me another grace bestow" The spirit paused. In silent thought, What gracs was there that flower bad not ? 'Twas but a moment o'er the rose A veil of moss the angel throws. And. lotted In nature's simplest weed. Could there a flower that rose exceed! THE WEATHER. Washington. July 16. Forecast for Frl- day and .Saturday Vttn-tnl.i onrf Vi.rtli rsrntlna f I r .M cooler Saturday. j Tennessee. Kentucky 1 West Vlr Vlnla. fair and warmer Friday; showers and cooler Saturday. j I .OCA!. OKFli'K f. S. WHAT1IKR FFHF. r. flmrlotte, July H.-Sunrle 21 a. n surriLt " :rr to TF.MIM'P ATt'RH (In degrees). Tflghest temperature SI Lowest temperature . Mean temperature I ficiency for the (lay I Accumulated deficiency for month... ' Accumulated exre for year ! Plil''I I'll ATIOV fin inches i. total lor 7 nmtr ending I p m. Tot-l for tne month J :n Accumulated exre.n for month 1 i; 'Z .V' U1V.,:".'.' :' V'. '.' . r.v!j4B wM'rWtnn . . . . - .. 3 n N. K. t W. J FKXXITl Observer. IT'S WATER-TIGHT It's more than that it is fir-proof, lightolnfproof. it will saver need repairs, and will last a long as th building lulf. Now, if year roof is not Cortright, don't yon te th risk yon run? . Yu mmj escap trouU. for yar, but isn't it better to b on th .if. aide? W1I b f Imd to quote on making th chang jrw!l never regret it B. F. WITHERS 1r4"tie, y. C. Wood - fibre Wall Plaster, "Hard Clinch." ' THE BUILDERS FRIEND Freexhig 4oe not birt t Mtaral shrlakage will mnt crack Hi water doe not mat 1 fJJ off bard Moo. Wrti, lor booklet. nnw(vtrni sT GH71RL Write foe Booklet. FOR SPEEDY RELIEF. "Jordan's on the Square.1 E. P. Purcell, President. I. A. McLaughlin. V. Pres. Lapin's Straw Hat Cleaner cleans the hat without removing the band. Just takes a minute and makes an almost new hat. niiS J0 Cents, n R. II. JORDAN & CO: 'Phon 7. NURSES' REGISTER Peters Stock Co. Advaace Sale. F. D. A. Here's a helping hand to the working man who wants a home, his own. First Ward, X. Mvers street, four rooms, city water, on ear line. Cash $250.00, remainder on rental basis and building and loan, sav 4 to 10 years' time. That's E.'Z. Who comes first? F. D. ALEXANDER INSMtANCK. Piedmont Hlilg Thanes 587-645. 6 PER (NT. GOLD BONDS The 6 per cent. Real Estato Coupon Konds of the North Curollna Trust Co. are secured by first mortgage on well se lected IMPROVED CITY RKAL ESTATE. Absolute security la furthe assured by the company's guar antee. Write for descriptive booklet NjjUnil CAROLINA TRt'ST 1 COMPANY, Greensboro, N. C. A. W. McAIIster. President. It. J. Mebane, Sec. and Treas. DANDY A MYERS. Conaultiug Engineers. Water Supply and Purification. Sewerage, Sewerage Disposal. Koala, Streets. Pavements, Watei Power. Hydro-Electric Plants, Irrigation. Drclnage. Jtelnforced Concrete. Sur veys. Estimates. Plana and Specifica tions. Construction Superintended. Complete Plants oeslgnari. and con structed. Main Office. 175-77 Arcade Building, Greensboro, North Carolina, Branch Office, Laurlnburg, Nortli Carolina. Oil I, HURT C. WHITE, C. E. Consulting CIVIL ENGINEER Durham, N. C. Waterworks, piewerage. Street: Wa ter nitration. Sewage Disposal: Plans. Report. Estimates. Super vision of Construction. 1 il ' GO, Char lot u. X. Lass UNION NATIONAL. BANK ; Charlotte, N. C. ' Capital $100,000.00 T. W. WADE,' PreJdent. F.' B. McDOMUIX, Vice President. , - ; . IL 3L VICTOR, -Cashier. ; - r- P; P. P. D. AXEXANDER a GILCHRIST b. Mcdowell ' ' . . . ." V - Tour business is cordially invited. Money to lend at per cent, Small accounts invited and attention. . ; v v - ; . ' X : SAVINGS DEPARTMENT ; - Deposits of $1.00 and upward received. We pay 4 per cent, and compound interest every three months. . Safety deposit . boxes for rent, $3.00 per annum. T. W. WADE, PresV: H. M. VICTOR, Cashier, HOW DO YOU SPEND YOUR MONEY ? Are you doing it in a way to receive substan tial benefit? Are you laying aside something F. Tr i- 1 .:il ,iw tv taiuy uav have a Deuer tune 111 1 get quickly started, to the COMMERCIAL NATIONAL BANK v ,and open a Savings Account. Do not wait fpr a large sum, for it may never come; just de posit whatever you have to spare, no matter how small the amount. We will gladly assist you in getting started. R. A. DUNN, President. A. G. BREXIZER, Cashier. F0K $1000 "We offer one of the prettiest Lots in Dilworth, located on Park Avenue, by far the best resi dence streelTIh this part of the city. A beauti ful spot upon which to erect a nice home. Size of lot 50x150. Will only be on the mar ket a few days. Let us show it to you. J. E. MURPHY & COMP'NY 43 N. Trron. THE CITY, THE COUNTY AND THE STATE keep funds on deposit with this Bank, besides several thousand progressive Individuals, Firms and Corporations. Only good, service could command such patronage. Your accounts solicited. American Trust Company GEORGE STEPHENS, President. T. S. FRAVKLI.V, V. Pre. W. S. LEE, V. Pres. W. II. WOOD, Treasurer.. J. E. DAVIS, Asst. Treas. TAKE YOUR CHOICE For Sale, Exchange or Rent 12-room, modern suburban home, t acres of land, large grove, fruit trees, vineyard, and one of th moat desirable location within the ei,ty limits. For full information, call at our office, No. S West Fifth street, or 'phone 800. CAROLINA REALTY CO., O. J. Tli lea, V. President. B. Rash Lee, Secretary. W. V. Wilkinson, Treasurer and General Manager. Investment Business Property f We offer a brick store building close to. Independence Square, leased for three years at annual rental paying 7 per cent on Invest ment. 1hl is probably the only piece of business property within two blocks of Independence Square that can be bought at, all. The Charlotte Trust & Realty Co. H Plione.377.?: af-18 E. Trade H ii4HHM:tit:iiir The New Senc&f Th game Is on, flrst payment jvas yesterday., but they are Jut started. Thl week subscribers will roll 'In by the . hundreds. No time like to-day. Do It at once. Mo matter where you live, your stock will earn Just th me. . " ' '- ' , ' . -1 .. THE MUTUAL B. U ' " " " is th great frlenrf of th mass. Use It and. ye, anry. you'll, b happy. , Don't wait until Saturday, but act'whll you'ra in"th. notion. ' - ' THE ONLY WAT .- to beat' th gam, lfs'falr, safe. legiHrnate and highly; profltabl, E; L; KEESLER Treasurer, DIRECTORS: - E. A. SMITH-' W. B. RODMAN J. A. PORE i T. W. WADE : E. D. LATTA, JR. A. 1L WASHBURN on well secured paper and receive our best care xl ijui, yuu will never ' l 11 M-e to oeerin man now. To begin the easiest way, come 'Phone MX ttiMmtit T MB." Tnon " We Arc Headquarters for the a!e Exdians e ..'.WE OFFER '":'' ,yrrrJ-.JJl In Sharon neighborhood a valuable tract ef 100- acres; good five- . . room cottage; two tenant house and good barn on premises.. Renta tor $250.00 . annually, , Price, $1,000.00. ' v- $24 acres in Richmond .County, . C..T".dJoinln th Ellerb Springs property.. - Long frontage on public road, suitable for ub? divisien Into small tract. Healthful -location; "Will apon b con vnected with Rockingham by motor car line, Prtce, f 10.09 per acre, i V-.34H acre four, mile north of Charlotte on macadam road; lx." , room house, barn, tenant house, orchard, etc. 'Land lies level; four ; ; acres of wood land. Price $1,500.00. . s , -. - -f SOUTHERN . REAL tSTATE Capital, 97S.OOO. ' W. S. ALEXANDER. V. H. A. ; Prad- t , " . - Z- ;r'-. ' FIRST' NATIONAL BANK ' CHARLOTTE, N. O. Oldest National Bank in North Carolina; Government Depository., Capital and Profits $550,000 '4 per cent, interest on time deposits. Accounts so licited ' 4 HENRY M. McADEN, President JOHN F. ORE, Cashier, The Merchants & OP CHARLOTTE, N. C. ' Capital ... ... ... ...$200,000.00 Surplus and Profits ; .... ISO.000.00 Accounts of Corporations, Firms and Individuals . Invited. We Issue Certificate of Deposit Payable on Demand Bearing In terest at 4 Per Cent. Per Annum if Left Three ' Month or. Longer. We Also Pay 4 Per Cent, on Saving Deposits and Compound th Interest Quarterly. ' We Want Your Business OOOOOOOOOOOOOOOTXXXX)OCXXOOOOOOOOOOOOOCX)OOOOOOOOOOOa Can You Afford a Vacation Trip If you can't afford a vacation trip this summer, let tftls b a hint to you: Open an account In our. Savings Bank, add a Ilttl each week or each month and next summer you will be able to afford th finest kind of a trip. 4 per cent. Interest, compounded four tunes a year. SOUTHERN LOAN & SAVINGS BANK JOHN M. SCOTT, President W. 8. ALEXANDER, Tie Pre. W. L. TONKINS, Cashier. I - oooooooooooooooooooooooooooooooooooooooooooooooooooo EIGHT ROOM HOUSE $v,ooo- Can arrange food terms. E, Fourth St., all modern convenient ' well located Iq th best neighborhood, on block of B. Trad trt Easy walking distance of square. In our opinion this la on of th best homes we have bad for a long time. Parties ' changing rl- Brown & Company. 'Phone 535. THE CHARLOTTE , Resources Our method of doing business holds old friends and gains new ones, jB, D. HEATH,- President. , JXO. M." SCOTT, - t . J. 1L. 'K- . - STOCKS Subject to supply w hav buyers for So -Ashley Mtf, Co. ..-:'.. 40 Nltn. . -.. . . IJmeston. ' :" . l Po. ' f . .'. ' 1 Prandon. , . , J Olenwood. - 1wu rhiqoola. ' 1(V BeHo. - ; V - W Iineaster rreb - .,. J yt Norrt. !- Iiwaqneena. ' " . . 1 Woodruff. ' . 1 ' , , - . . ?o phi nty PreC , . Ptcken., '--.-., ', ; . F. e. KBBOTT & QOMPKNY of farming lands WAN S TRUST COMPANY '" ' " " : . t " 8orp!ua, SIM.OOft; DCKX. t A. U. McDONALD. ' Vloo PrealdeBt. O See. and Irm , Farmers National Bank 203 N. Tryon St. NATIONAL BANK $1,500,000.00 Vice Prealden. LjrrLE, Vice Preeldeat VH'I W,; H. T WITTY, Cashler.7- WANTED M V M. A F. Bank atock. 10 to 30 Charlotte National Bank stock. - ) to JO Merchants Planter. Gaffney. 14 to 2 Central National. Spartanburg. Mto First National, Spartanburg, v 15 t W Battery ark. Ashevtll. '. M to 20 Southern National. Wilmington. 10 t SO Gafrney Nattonal. Gaffney. 19 to 3 Cltlsena National, Gaatohla. ) to M Bank of Wadlaon. IS Jjincaalrr Mill (common). .-, ' . 15 Wtoeawett MUU , ti Arllneton MiJL -,.'' 20 LoweiL liiO. - , . v i.' 'Phono $44. 1 1
The Charlotte Observer (Charlotte, N.C.)
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July 17, 1908, edition 1
12
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