Newspapers / The Charlotte Observer (Charlotte, … / July 21, 1908, edition 1 / Page 10
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CHARLOTTE DAILY OBSERVER, JULY-21, 1903. 10 :::lls akd markets q O ACT OX COTTON CONTRACTS New York Exchange Props AtUtsdo or IX-.nanco st LsiBord of ' Managers Appoints Committee -of beveo to Conduct Immediate In . rrttgtton spinning .ami Interests Will .licar1" few nee With Committee of Cotton Manufacturers. -New Tork Journal of Commerce. .- ISth. : .. . ; Following a iitrrfB .the spinning Interests of tne North ana bouth. represented by P fom' JUtee. the boards - New Tork cotton exchange to-ay --'will-post a resolution nn,m."' adopted authorising and provW ng for a lull and complete nw-f S.'MSS S SdeR a0,", policy which hva been the ub3cct of criticism. ., The resolution call, for the appoint ment of a special committee of .iS'S'MwWol six active mem Tt of th. eachango and President George Brennecke. to nit during the summer, an Invitation being given to spinners nd other, Interested to af tend the meeting and exprew them eelvea freely n the questions to be considered, . A special paragraph of the reso lutlore states that the co-operation of : the bureau of corporations of tne Jepartjnent of Commerce and La bor, headed by CommlMHOmr Herbert ' Knox Smith, who has been the most notable critic f the exchange s coiv - tract- and methods of doing bua. ' sesa. shall be requested. President Brennecke will announce the persocnel of the committee to '" day after the posting-of the resolution.- Among the member who are " certain of appointment are Vice President Arthur It. March, Samuel T Hubbard, of HuDoara Co.. a former president of the ex rhsnge, and E. V. WaTker. a member of the board of managers. Mr. Marsh, who has taken the lead . . ift the movement, said Saturday: 'The present board of managers 1 since It election In May has been entirely clear In IU mind that tht subject' of the exchange's contract had to be gone Into verjs carefully and thoroughly, and when the PPr time, arrived the board took the ' action necessary to bring about such an investigation, during the progress ' of which all classes of men Interested " in ths cotton Industry or In ex change operations will be urged to , come forward and state their case. "The exchange desires all the light It can get," he continued. "Tl , special committee meeting are to extend over a period of two months or more, beginning Immediately, anil there is no reason apparent why cr. ' rect conclusions should not b reached. The Idea of the board of managers Is to take final action of a sound and permanent character , '. on this Important and pressing que, tlon. therefore all manner and kind of suggestion coming from re- " " sponsible and interested sources will welcomed. "We are particularly anxious that ' the tureau of corporations accept our Invitation to participate, and we hope -Mr. Smith and his associates ' will bring with them or furnish to a sub-committee which will visit Wash ington If necessary all the Informs tlon they have In their possession. The investigation Is to be open and Its purposes are to serve the best pos sible ' ends to bring about such changes in our contract as the cot ton trade as a whole may deem d- . slrabla," As referred to In the first para graph of this report, a special com ,itt of th exchange held a con ference here on Wednesday last with a committee of cotton manufacturers representing both the Northern and Southern branches of the Industry. at -whicha full discussion of the contract matter took place. The spinners were represented by Messrs. ' v. a Rmvthe. Lewis W. Parker and ' Arthur H. Lowe, and the exchange by Xl.mmrm K T. HuBDiirU. Arinur IV. Marah'and E. P. Walker. The con ference lasted six hours and wai - h.id in" the board . room of the ex change. A stenographic report was -tnnrie. which will be ready for tns . h.miHi iinrlni: . the course of the ejarssAlr : Th. anlnners' committee presented v as a basis for discussion the report adopted by the American Cotton Manufacturers' Association at Its re cent convention In Richmond. FIT TOE OF COTTON PRICES. II Depend Almost' Entirely on the Wall Street Journal. Within two decades since 1887 the - 'quantity of cotton In the United States doubled In yield. In exports and In domestto consumption. The area ' planted increased from 20,000,000 o 32, 000,000 acres. Yet In only six out of these twenty years has the averago price been ten cents a' pound or above. ' The export price, for other than Sea Island cotton, has been ten cents or over In only four fiscal years out of twenty, These facta throw some light on the question or the future price of the fibre, between the mill man who wants 7 e cent cotton and the grower who wants IS cents for bis product, the market mnromlse Tfi ,Tl 5 ?em. while .v r""; ih' : .-. must find some com ' ' holder now gets about ' : the speculative market la over 2 cents lower for early months -of the new crop. These vslues compare as fol ; -- Jows with average prices by five-year " periods: Av. Price Cents .. S .. .. : . ,.. 10.7 At. Crops Bale 11.KO.0W) Tears 1"-1S9S ....... 1J-1WJ ........ Itwt-HjJ ........ ........ These figures Indicate thai the nerlods of 7-cent eotton" practically1 Wvered the decade from 18! to 101 In sis years out of the ten the price averaged below. 8 cents, and for three of the ether years was slightly above rente In one year (189.) it was less thaa t cents (U). Since 'hst time the era of is-cent cottoa has prevailed. Except Ing the record year ef 1904. whose average price was IT cents on account of the big erop. the period from" 1901 to 1S07 Inclusive, paid ten cents and ov-r. for crops that averaged U.I2S.000 bales for five years. The question Is, sre we to to continue on the 10-cent level and better, or revert to the I-cetit basis for the year or years Immediately : she-ad of Us? : " V ; :. -,' .:. . The cotton textile outlook Is nt now tb most promising. Probably a third of the spindleage In this country Is idle. Trench mills are beginning to WW sniloualy to tbe future. Oermspy has felt keenly the decrease Ja Amerl aa orders. British markets outside ef India shew little Improvement JUraa. Is surTerlng from the Chinese t-oyrott, There is no country of X t .r.:en- ia cotton manufacturing t it lu to some extent running j considerably -bkw- capacity. Neither I the mills them.wlVes nor thejgrowers are In command ol tne suuaiion. oum wduld berglad to believe the . specula tive prophets. wa'a that the ship of values has crossed the bar-and Is mov ing fullrlgged out into th clear open deep. '!;. i ."-iv V. .? . . " ' . -1 be 1 consumer I the - crux in the whole quesUon. But neither tns buyer of securities; not of. suple knows enough pf the mind of the consumer to say what he will lo. , V" In some parts of . the world he V would . buy, but cannot afford It- In others . he could buy. hut will not Because have good crops, that doea not prove that the "period of economising , haa ended at "home. , There Ik still. a cer tain undefined fear that hangs over the consuming world, that It may be better to save fr another year. Ana unless something occurs to break that spell the cotton 'world may have to wait not only Jill tfc retailer's shelves arc empty, bur until the consumer baa worn out the garment on his back. With the consumer unburdened and hopeful again, grower and nanufac turer of cotton may look for a new era of good prices. Xetvi of the Mantrfactnrlng City of High rohiU Special to The Observ er. High Point, July 20. Jerry Wil liams, colored was arraigned before Magistrate J. M. Bechrest this morn ing for non-support of hl wife and was sent to Jail to await trial at court. John S. Davidson, a recognized world's champion on skates, appeared at the auditorium rink to-night in his fancy. skating. He will be here until Thursday night.' Mr. R. L. Lofiln, of this city, has received his license for the practice of embalming 4n the State -of North Carolina. At the meeting of the State board ef examiners last week at Wrightsvllle he made one of the highest marks of perfection. Mr. Loflfn also passed the board In the State of New York last year. Hon. Robert N. Fags, Congressman from the seventh district, will address a union meeting o? the BaJVas and brotherhoods of the city on tne suo- Ject of "Men's Work; for Men" Sunday night, July 28th, at I o'clock. Tne meeting- will be held in the graded schoo) auditorium, Bouth Main street. There will De a nia- picnic ai riean- ant Drove church the third Sunday In August and Mr. W. P. Ragan, of this city, will deliver the principal ad dress. ThomasvlUe J-arnu-rs to Hold an Iu. stitute. Special to The Observer. ThomasvlUe. July 20. The farmers of this section will hold their annual institute In the tabernacle of the ThomasvlUe Baptist Orphanage Satur day, the 25th. A large crowd Is ex pected here on that day and no doubt the meeting will prove .beneficial to one and all. Mr. and Mrs. Charles R. Thomas have returned from a ten days' trip to Morehead City, where they went to attend1 the annual meeting of the North Carolina Pharmaceutical Asso elation, of which Mr. president.' Thomas was THE WEATHER. Washington, July 20. Forecast : Virginia, showers Tuesday night; Wednesday showers followed , by fair; frssh east to nouthesst winds. North Carolina and South Carolina and Oeorgla. showeri Tueiduy and Vt eanes dsy; light to fresh south winds. East Florida, showers Tueiasy ana Wednesday; light variable Nwinds. Wt Florida and Alabama, showers Tuesday; Wednesday fair; light variable Inda. MlaslsslppiXXoulHlana end east Texaa. fair Tuemlay and Wednenday; light vari able winds. Went Texas and Arksmas. fair Tuesday and Wednesday. Tenneee and Kentucky, fair In went, bowers In eaiit portion Tuesday; Wednesday IhIt. Went Virginia, showers Tuesdsy; Wednesday fair. LOCAL. OFFICE TT. S. WEATHER BUREAU. Charlotte. July 20.-Sunrlse 6:24 a. I sunnet 7 ,V p. m. TEMPERATCRE (In degrees). Highest temperature 1-owftst temperature Mphti temperature Kxress for ttn day A-Vimtflated deficiency tor month.. Accumulnted exeet for year ........ PRECIPITATION (In Inches). 91 13 16 0 J.Rfl .n 24. 1 Total for 24 hours ending p. m Total for the month Accumulated excess for the month Total for the year ,....mn . rtdiii'i.nr. Tor year... TVavalllnv wind direction N. K. W. J. BENNETT. Observer. ACNES SCOn COLLEGE: ITS HIGH STANDARD To be admitted to membership of the "Association of Colleges and Pre paratory Schools of the' Southern States" a college must make appli cation a year in advance, give infor mation about equipment, faculty, curricula; must be Inspected by. the executive-committee of the associate and receive Us approval. Agnes Scott College having fully met these con riitinna has been, by unanimous vote, admitted to the association one out ,hrs In the, entire Southern " - which to educste your daugnter. For Informstlon address F. H. Gslnes. D. President. Decatur, Os. Tde Mew Scries- The gsme'ls on. first payment was yesterday, . but they are Just .started. This peek subscribers wUl roll In by the-hundred ; No time like to-dey. Do It at once. No matter where you live, your stock will earn Just the same. , ' TUK MCTCAIi B, I Is the great friend' 01 the. masses. Use- and. bye and bye, you'll be hsppy. Don't wait until Saturday, but act whlla 'you ra; in . the notion. . ' - ""' "" ' - . . . ... . .. ., , :.. THE 0tr WAx . r :., . . - to beat the game,.. Ifs fair, safe, legltlrhate and highly profitable. ' E. L. KEESLER, Treasurer Thooe 144. Wood, fibre Wall Plaster, "Hard Clindi." TUB BUILDER& FRIEND . Freeslng does siot har narsral shrinkage wrtn aot ersrtc ttt srster doeswet make tt fail osT hard as stoats. Write tor booklet, slsBSfactared by - ' . - , ' ' ' GHKRLOTTE PLTLSTER QO. ' W rUm for Booklet. - CbarkHU. Jf. C 1 i " MM-! anion j N AT 1 0 HAL ' OF CHARlOTTfcH.C "Jordan's pa the 6qaare." - JS. P. Purcell, President. . D. A- McLaughlin. V. Tn JORDAN'S MOSQUITO DROPS 10 and 25c. A few drops on head and foot of bed will in sure a good night's rest. Get it now. R. li. JORDAN & CO. NURSES' REGISTER R D. A Now, td-day. select your next winter home. Here's, choice, for both the high and lowly: No. 607 E. avenue, 6 rooms. .. .$30.00 No. 611 E. avenue, 8 rooms. .. .$30.00 No. 715 N Graham street, 7 rooms $2J.&0 No 607 W. Eleventh street, 6 rooms $18.00 and others situated on Church, Palmer, Graham and Mint streets at $10.00 to $12.60 per month. F. D. ALEXANDER The Home Under. Piedmont Bldg. 'Phones 617-145. 6 PER CENT. 4 THE SAFEST INVESTMENT OBTAINABLE 18 A FIRST MORTOAGE ON CITY REAL E8TATE. Write for booklet describing our First Mortgage Rfeal Estate Bonds. NORTH CAROIJVA TRUST C05IP.WV, Greensboro, N. O. Cash Capital. 3126,000. A. W. McAllster, President' R. J. Mebane, Sec. and Treaa. BANDY Jk MYERS. CoosulUng uglneers. Wstsr Supply and Purification, Sewerage, Sewerage Disposal. Roads, Streets, Pavements, Watei Power, Hydro-Electrio Plants, Irrigation, Drains, Reinforced Concrete. Bur veys. Estimatea Plans and Bpsclflca tlona Construction Superintended. Complete Plants designed" and con structed. Main Office. $78-77 Arcade Building, Greensboro, No1h Carolina. Branch Office, Iaurlnburg, North Carotins. GILBERT C WBTTE. C B. Consulting . CIVTL ENGINEER Durham, K. C . Waterworks, Sewerage, Streets 1 Wa ter Filtration, Sewage Disposal j Plana Reports, Kstlmatea, Super risioa of Construction. ii 8. Tryon S. I THE. STATE LIFE INSURANCE COiMPANY is that Indiana. Company. v. that has about' ' : SIX'MiLLION DOLLARS IN SECURITIES on deposit with the State of for th? protection - of-all policyholders,'. ..,. THE NORTH CAROLINA SECURITY CO. Is General Agent for ' ' . J the State Life Insurance Company ' in North Carolina, and Its affairs are' directed by these men: x Hon.' Charles B. Ayceek, " ' Ex-Governor, Goldsbora, B. D. Heath. - ' , " Pres. Charlotte National . Bank. F.-H. Cotton. Prea Algodon' Mills. Fayettevllle George Hackney, Carriage Affr., Wilson, . A. XX Ward, - Attornejr. Newberns. . , -. J. O. Carr, ' Attorney,: Wilmington. . v. 7 R. E. X Brown, Merchant. Chadbourne. ' O. Lv Clark, ; ' , .' 1 Merchant, Clarkton. . v T. O. Evans, ". . . . .. Pres. Bank of Maxtoa.V A. A. Bhuford, ' 1 " Prea First Nat. Bank, Hickory, L. I. Moore, -r Attorney, Newberns. .", - 1 L. G. Roper, - i Mngr Roper Lumber Co., Roper, D. Bam Cox, ,.. - - President, Columbia, B. X;.' D. SAM COX, OF COLUMBIA, S. CAROLINA, is President of the North Carolina Security Co., and General Field Manager, THE CHAELOTTE NATIONAL BANK B'LD'G will be the best building In -the State, and is therefore good enough for us. We have leased quarters In this build and will occupy them as soon as co AH this means that you will hear more about all the Institutions referred to. Including , HOW DO YOU SPEND YOUR MONEY? Are you doing it in a way to receive sutistan tial benefit! Are you laying aside something for a "rainy day"1: If not, you . will never have a better time to begin than now. To get quickly Started, begin the easiest way, come to the ' ' ERCIAL NATIONAL and open a Savings Account. Do not wait for a large sum, for it may never come; just de posit whatever you have to spare, no matter how small the amo tint. We .will gladly assist you in getting started. R. A. DUNK, President A. G. BRRNTZKR, Cashier. IF-0K $fls0 We offer one of the prettiest Lots in Dilworth, located on Park Avenue, by far the best resi dence street in this part qf 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 sdow it to you." j. e. murphy & comm. 43 N. Try on. 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. Tour accounts solicited. American Trust Company GEORGE STEPHENS, President, '.'v. T. S. FRAXKIJX, V. Pres. 1 W. S. LEE, V. Pres. y W. H. WOOD, Treasurer.. ; J. E. DAVIS, Asst. Treaa. TAKE YOUR CHOICE For Sale, Exchange or Kent I J-roora, . modern suburban home, -1 acres of land, large grove, fruit trees,1 vineyard, and one of the most desirable locations within the city limits. For full Information. ca6 at uf office. No. I West Fifth street or 'phoUS COt.' .I'" ,.. ". . .. 7 0AB0LINA EEALTY CO., O. J, TWes, V. President. B. Rush Lee, Secretary. W. D. WOalnson, Treaenrer and General Manager. 'l4 4-ll ltllTt4444l4rllialttwl44l'4 Investment Business Property j : We offer a brlckr store building 'close to Independence Square, leased for three years at annual rental paying 1 per cent on invest- ; ment This I probably ths x two blocks ef Independence The Charlotte; Trust & Iccalty (Jo. f Pl:one377 a j . . , 1 ' Indiana, :' v : . " ' 1 ' " " Ing, mpleted. D. Bam Cox. BANK Thone 94 only piece of business property within I square that can be bougnt at ail. . . t A- Vc Arc liceL'crters for the Sc!a and txtliange of Farming lands. . In 8haron neighborhood a valuable tract "ff 100 seres; good fir. room cotuge; two tenant houses and good barn on -premises. .Rents for 1150.00 annually. Price. $1,000.00 .r -' SJ4 acres in Richmond County, N.- c.,' adjoining the ,Knere 1 Springs proper'ty. Long frontage on pubWo road, suiUble, for sub division into amall tracts.'- Healthful locution. WU1 soon, be con, nected with Rockingham by motor car line. Price, $10.00 per acre. - 34 - acres four miles north of Charlotte en macadam road; six-, room -house, barn, ; Unant house, orchard, etc. Land, lies level; four' acres of wood land. Frlce $2.J00.00. v : , ; SOUTHCRN REaI tSTATt 10AN S TRUST COMPANY ' Capital, 975.04M. ;---Vi'-V,'-, Barplns. $10,W, . XI. . ALfiXANDER. R. A.' A. U. McDONALD. ' - Preatdenl. Vice Prealdeat, Sec., and Treaa, y FIRST NATIONAL BANK. , CHARLOTTE, W. C, ' ' v 'I v 'Oldest - National Bank in North Carolina. . -GoVernmeht Depository. Capital and Prtfib, $550,000 4 ; per cent interest on time deposits. Accounts so licited. . HENRY M. McABEN, . ' : " President JOHN F. ORR, : Cashier. The" Merchants & Farmers National Bank 6r CHARLOTTE, N. O. Capital. Surplus and Profits... . Accounts of Corporations, Firms and Individuals Invited.. -We Issue Certificates) of Deposit Payable on Demand Bearing la. tercet at 4 Per Cent. Per Annum If Left Three Months or Longer. We Also Pay 4 Per Cent, on Savbig . Deposits and Compound tlx' Interest Quarterly. Waaf 'ToaBaslnesg"" ; Can You Afford a Vacation Trip -; If you can't afford a vacation trip this summer, la$ this bs a hint to you: ' - . onen an account In our Savings Bankv add a Uttls each week or S month and next summer you wiU be able to afford the Unest kind of a trip- 4 per cent. Interest, compounded four times a year. SOUTHERN LOAN & SAVINGS BANK JOHN M. SCOTT. President. IT. S. ALEXANDER, Vice) Pres. W. It JEIOUNS. Caahier. lUx)0000000O(X)00O0000 $41,000 Can arrange good . terms. . Fburth St. aU modern eonTeiilenees, well located In the best neighborhood, one block ! E. Trade street. Easy walking distance of sauare.-Ia our pinion,-thta Is on of thg ; best homes we bar had for a long time. Partleg changtof rssi. - Brovsri & Company. 'Phone 535. ' ' , THE CHARLOTTE 1 3 Resources $1,500,000.00 Our method of doing business holds oljl fnends and . yyf:. ' , gains B. D. HEATH, President .Z,- XO..M. SCOTT, .. : ., , " ' ' " j, H. LITTLE, .Vice President '. ' ' ;. :". r ' ' ';'W. H. TWITTY, Cashier.- III . - I BBSBS 6 and 7 Per Gent. ferred Stocks 6 We have Several of the strong home corporations, ' more, paying 6 and 7 per State.'.' .; ; " . ' ...$200,000. ... ISO.000.00 ROOM HOUSE . 203 N. Tryon Bt. NATIONAL BANK new ones. . . , Vice President High Grade: Pre- arid JPerit. best, preferred stocks .in' in , amounts :ot 500 and cent Non-taxable in this ' .' v.';: 4 Si 13, the Coal of Quality.
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
July 21, 1908, edition 1
10
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