Newspapers / The Charlotte Observer (Charlotte, … / Aug. 1, 1908, edition 1 / Page 10
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- 1- CHAKLOTTE DAILY, OBSERVER, AUGUST X 1503, 10 ! i t A, k MILLS AND MARKETS fcMITH-PRAPER MILLS TO CliOSK. rive BUT Textile JabUsJimepts, Em rkiimr 1,000 Operative, -to own !st vreck-emporarly-- iiooda Msrkr be Reason Ascribed Ieu Down May Be For a Longer wiamKU runnjiiuui - . in r' -: IVrKHL - nf the Chadwlek to shut down the well-known Snnt , Iraper mill of this city for a period '.(ooevtek commencing Monday. AVMierthT 5CWtoirrelte to "e mly. It 1 very nnw"1""""" : uioai well-informed mill men that the e5ut-dewn will be a'" period. Xt is believed that th Is Is mere. lythe beginning of a material curtall , ment, condition. being such that pro duction U achieved only at jer - . . .11 nkn Vnnw anything arrest ios. jm i ----- - - rnniii market are won) . aware of. for the past six months there ha been little it any demand for I manufactured goods and the majority , ef the mill have been merely piling up Bluff in their warehouses. Thin condition of affair, has continued for ' such a period that the time ha come for a general cessation of operations, pending the return of better times.. 6uch a course if feeing pursued by the Pacolet mills ana many other large establishments in South Carolina. The ' JPecolet Mills have shut aown tor an Indefinite period while other have merely cloned down temporarily. The policy of other has been to run one - week and ahut down for two and vice versa. It is possible that the Chad-w-lck-Hoskins Company Is contemplat ing ssme such arrangemeats as this. The Chadwlck-Hoskins Company Is Charlotte' largest cotton mill corpo ration, having a capital of $1,800,000 and controlling five mills which ope. rat 1.150 broad looms and 90.100 ring spindles. The company gives employment to approximately 1.000 op eratives. Ths five mills involved In the shut down are the Chndwlck, tas JJoskirt the Louise, the f'alvlne and the Dover, the last-named being locat ed in Plneville. Whlto sheetings are the principle goods manufactured. The officers of the company are: Mr. K. A. Entttl, .. president, (Jen. W. F. Draper. f Hopedale. Mas, vice presideni, Mr. A. J. Draper, treasurer, and Mr. E. C. DweTle. secretary and assistant treasurer. Asked last night as to why the mills were to be shut down next week. Mr. A- J. Draper declared that it was on a ceo us t of the condition of the market which was bad. Tt is believed 'that the temporary i cessation of operations of the Smith Draper Company w!.l mark the real commencement of a general closing down of the mills in piedmont North Carolina. Several of the Charlott mills have already stopped work, no tably tha Victor last December and ths 'Fidelity recently. The others are run ning off and on In an effort to keep their help together. It Is to be hoped that the Smlth Draper Company will not find it neoes eary to close down Its mills for any great period, as there are so many op eratives Involvsd. BKADSTREirrs IlKVIEW. CcncTsJ Tendencies Are In the Dlrec tKn of Moderate Improvement Though Crop and Indumrlal l:c ports hhoi little Cliangc. Xfw Tork, July 31. Bradstreets to-morrow will say: Trade, crop and Industrial reports ahow little change from last week, but general tendencies, and certainly sen timent, are in the direction of moder ate rm-proveme.nt. Preparations for opening of fall jobbing trade in the first week, of August are making at all cities, buyers are gathering in large numbers, and a full representation with Increased buying Is looked for. At a few cities Juiy trade has not been tip 'to expectations but at New Tork. rwhere a moderate increase In activity is noted, there has been a disposition to await forthcoming torge auction (vales of cotton and woolen goods as cfferlng a line on future demand. Best reports of full trade come from phe central West, Northwest and fcouth. verywhere, however, the testimony Is that buying is of a conservmtlvo char acter. In industry th'ro are ei lences of expansion In some lines and of contraction hi others. Factories arenerally are running nimply "on orders." In iron nnd steel mlers and produrtinn of finished lines -are larger, but pig iron is easier. dumber trad'- reports are a trifle fcetter. notably In the Parlnc north-m-est, and building trade reports are more nnpful. The leath- r trade nn a whole sends one of the y .it reports, but while til' Western fchoe men report good orders ahead, Kastern shipments are 32 per rent. 4ehind 'at year. I'rices, am ir regular AETNA MILLS TO RK SOLD. t'"Ct Irlre Yxti iv redl(or at (S50.00(i Sale in He in Oitithvr'. (llon perlal to The .-"tale. I'olnmbis. g. C. Quire an important meeting of the creditois of Aetna Cotton At ill of this city wa. held at ;r,nvi;ie yyi.r 5ay. and as a result -r thii confer ence, it was decided that the mill nd i's property should offofvl for rale here on Wednesday, (V-toher 2l:it At yesterday meeting the report "f th' appraisers, who sen rai wi( ago "went varefuily ocr all the mill prop erties and made p'blic their report "which showed thlt they fixed the value of the plant ,-it 1 1(i"..noo. T.ils report 1, considered very conservative s opinion generally prevailed that the appraised valuation would be fix ed from 150. OftO to $400,000. In view of the appraiser' report the upset prlr was fixed at 1250. 000. that no bid Tor less than that mount will be considered. Mr. Alfred Moore, nf Ixirkhart. trustee appointed by Judge Brawley to. look after the mill, srrlved In Un ion to-day from Greenville. He said that very few persons were at the meeting yerterday. ml. Wills Jones, of. Columbia, hent ai -mtv premi. rtent man there. Most of the credi tors were represented by attorneys. When asked what would be done srlth the goods ri'w in process of manufacture Mr. Jones said: We expect to work off these itoods at onee, though no definite date was , decided upon at yesterday's meeting I think he mill will start up next Monday, Anjrust d, and run until the . iroods are mads op. This. I estimate, . will take about six weeks mil th. ' valua of the rood. I should say, will range fret. $li,Q00 to 120.800- MJlLt Aboard OnrUUlnr. Still men wlU be Interested per haps In the following "Correspondent TextiUndustrle, Berlin." -which says EIIEliKED GOOD THDfGS. Mrs. Chaa. E. Smith, of West Franklin, Maine, ears; "I like goo4 things and fcars adapted Dr. King's New Life Pill. as or family laxative medietas, because they are good and do thetr werk wl( bout rnaktns! a fuss about It." Tttess painless f untie rs eoio at u nif atorat. zsc - IS ANTISEPTIC AND HEALING. ' ' Cures Bums, Scald, Cut Bruise, Sprain Jihevaomtitm. Sore Throat, Ache, and any ailment reached by external application. The standard household remedy aince 1848. , For Man and BeaL At druggut. 25e 50c and $ 1. Y ? LYON MAMUFACTUKTMC CO, 42 SMta Flftfc St, BROOBXYH. K Y. ' "t that "In regard to the ahort time of the cotton epinnarlea. 79 per cent, of the Rhinish and 4 7 per cent, of the splndels of Westfalea and Hanover have agreed to curtail their working forces." w Orleans Cotton. New Orleans, 1m.. July JL--Cotton: Spots were qnjet and easy with prices un changed; middling sales were i bales on the :ot and 26 to arrive. Futures opened quiet. 1 to 2 points be low the close yesterday and siiwea ni- tls activity until tlie jutting out tne fovernment report an hour or more later. The report was decidedly less oeartsn than expected hut It failed to have a very bullish efTect on the market. The trade . . , . . . . . LI generally expeciea a. report and when a report of 3 per cc ni. was n- nnuneed there was an lrrrmsdlate advance followed almost as br"a5l l? A. soon a. the report was pu out the October option cllmlcd up 8 potnts. sell- Ing g at 9o. nut me ur-..u,s . and 4 points lower. One reason assign-, 2 ed for the slight effect of the report on , the market was tne raci imi im-ic little short lntert st uncovered and so i could not be put on the run, oy sues im , tow report. Again the Liverpool market wan closea ana u Aiimnn were quieter than usual In consequence, j The bears also pointed out that the con- , dltlon of M is well above the 10-year av- I erage o 1 4 and sentiment on this con tention appeared to detract from the bu.- ( lh utrenmii of the bureau report. At the l close, which was steady, ths active months weje unchanged to 1 point below the close yesterday. nosing bids August 9 90; Sept. 9 o3; Oct. : Nov. 9 20; Dec 9.30; Jan. 911. Worlds Visible Supply. New Orleans. La.. July 31-Secretary Hester's statement of the world's visible supply of cotton Issued to-day shows the total visible to be :.0T7.4it asainst 2,13.471 last week and 2.M0 921 last year. Of this the total of American cotton Is 1 232 411 against 1.307 432 last week and 1 70t,.2l last year, and of all other kinds, including Egypt, firaxll. India, etc. MT.. (Hi ajtainst 814.046 last week and 1.135.0O0 last year. Of tfie world's visible supply of cotton there is now afloat and held in Oreat Britain and contioenetal Kurope l,205.onn against 1.72J.O00 last year; In Egypt Sl.'W against 44.WW last year. In India 4i4 against 7i.000 last year; and In the United States ET.uOO against 396,000 last year. Condition of Cotton. Washington. July 21 -The average con dition of corton was per cent on July 2Mh as against M 2 a month aBo. and 73 a yea a t-dayr according to he re port of the Department of Agriculture given out to-day. The condition on J i'y t'.th of previous years was $-9 In 1 74.9 in 190?.. and 81 4 for the past 10 year-. The condition ot cotton on July 2Sth at; 1 the 10-yeur average respectively by States follows. Virginia 90 and 83; North Carolina and SI; Houth Carolina S4 and W; Ourgla 85 and 81; Florida Si and M; Alabama and 81; Mississippi M and M; Louisiana 83 and 12: Texas S2 and S2; Arkansas and it2: Tennessee HH and M: Missouri IsS srid 84; Oklahoma ti6 and . TRYON MAYS IlVIKirTT. Fastor of Ilaptist 1inr-h Rcwlims and I sin --l-il by l'nf-Mr low Inrly SK-iit Hve Is on Hojr Ila k Mountain Short Xwi Notes. SpejHl lu The (jbsei-vf-r. Tryon, July 31. Kev. Amos Justice, of Henderson county, has resigned the pastorate of the Baptist church at Co lumbus and will be succeeded by Pro fessor Tosey, of Kruitland JtiHtltute, Hndorson county, who has been elect ed principal of the Columbus Central Industrial Institute and pastor of the Baptist chunh. He Is expected to preach there Sunday. High school branches an- to be added by Professor Posey to the. cuirlcullum of the Insti tute. The knitting department of the Tryon Hosiery Company on the I'.ico l river at Lynn, has been shut down the past 'several days while a new concrete dam asd race were being constructed to replace the wooden striK-ture. Misses Bosa Hamilton and Emma Poland, of Durham, w ho have ben In the employ or the Tryon Hosiery Coin pary this summer, have returned to their humv he engine and rock crusher -f Hie Tryon Koldlne Medicine Company has been transferred from the plant at Ashury. Jackson's place, and located nee.r the Krsklne rlace at Lynn and will begin crushing rock within A few days for the, Tryon township hlghw.iy commission, which is macadamising the Lynn road. About $;l,000 worth of rock will bu crushed. rof. W. H Morton, of Converse College; Miss F-diiii Marshbanks, of fJreenvllle, C.; Misses Mabel and Cariilj-n Smith, of the Spartanbiirg public schools; Messrs. AJex and Whlt''Wll Beaton a.nd Charlie Cobb, of Tryon; Ftcadman and Lawrence Chunh, "f Winter I'ark, Fla., and Albert "orcorari, of Charleston, re turned Tuesday from a delightful camping trip of five days at the But ler pl.Tre on Hog Back Mountain, Greenville county. H. C The party was chaperoned by Mrs, H. 8. Chubh Professor Morton. Miss Mabel Smith and Charlie Cobb, who are great mountain climbers, led the advance on foot. Bwring Around Dunn. Special to The observer. Dunn. July 81. Mr. Jf. XV. Lovelace will buy tobacco on this market for the American Tobacco Company this season. Yesterday the flfst sale of tobac co was made at the Planters' ware house. The rain prevented a large opvnlng, but prices were good. Mr. K. W. Harris, assisted by Mr. Will Morgan, will run the Planters. Rev. A. J. Parker Is at Trenton this week attending the Newbern district conference. , A KEW TR-VDK JOt RXAU The Aurust issue of 'The Cotton Seed." a trade Journal gotten ou by the Southern Cotton Oil Company for ths promotion of litereet In the products of cotton seed, will coma from! ths press In Atlanta. OaM dur ing the first wek .Jn August, (or gen. eral dletrtbutioa. ' A. . v The rtlclea, profusely Illustrated, are prepared by writers who are ln- V rested m The cotton seed crushing mi a u bust, sua n are making atddy of it. . --. Tlie Bryan Campaign SinL , Laurens. S. C, Advertiser. The Laurens Advertlaer has receiv ed up to the present data the follow ing contribution to the Bryan cam paign fund: Laurens Advertiser Hurrah William 11 oi air Jennings Threechcer Bryan S1.00 0.00 6.00 eoo Total .99 Hollering for Bryan will do no good in south trollna: this mate will go for him solidly. The only aid toat Is worthy of consideration Is money to run the campaign. Come across, vot ers; the committee should get $1,000 from Laurens county. Each voter .v ..... tated MOT it 1 Vr,. n. against ine rui ui mo to reriv a contribution of over $10,000, so act accordingly fome on yQ up , r, . v,i. Mmm!tri. a the money. are waiting. Thp newf,paperi have been requestea matter, and we are doing oJ durndegt Klrimond iK-publlcans Put Out Ticket observer, 31. The Repu-b- Ikans of Richmond county held their convention in Rockingham Wednes day. Hon. H. C Dockery was endors ed for Governor, and the following county ticket nominated: Legislature j. P. Cameron; sheriff. J. M. Dockery; treasurer. C. B. Mllllken; register of deeds. Frank Terry; surveyor, C. Far rand, county commissioners, Seth W. Andrews. Emerson Jones, Miles Innis, Gaston Terry and J. W. Butler. Washington. July Si. Forecast: Virginia, rain In east, fair In west portions Saturday; Sunday fair, brisk to high north winds on the coast. North Carolina. South Carolina and Georgia, fair Saturday and Sunday; fre.sh west winds. Kast Florida, fair Saturday and Sunday; light variable winds. West Flosida, Alabama, Mississippi, Ix)ulslana and cast Texas, fair Satur day and 8unday; light fresh south winds. West Texas, showers Saturday; Sun day fair. Arkansas, Tennessee, Kentucky and West Virginia, fair Saturday and Sun day. ' LOCAL OFFICE IV S. WEATHER BU BEAC. Charlotte, July 31 Sunrise 5:32 a. m.; sunset 7 27 p. m. TEMPERATURE) (In degrees). Highest temperature 86 1-oweat temperature 71 Mean tsmimfcatw . XI Deficiency for the day 1 Accumulated deficiency for month... 21 Accumulated excess for the year 20S PRECIPITATION (In Inches). Total for 24 hours ending 8 p. m 01 Tot for the month 5.80 Accumulated excess for month 14 Total for the year 25. 9 Accumulated deficiency for year 4. S3 Prevailing wind direction N. W. J. BENNETT, Observer. THE UNION NATIONAL. BANK , or CHARL0TTE,N.C. "Jordan'a on the 6juare." E. P. Purcell, President D. A. McLaughlin. V. Pres. in smoking is in the quality of the Cigar. Our lines of Cigars are all of the high quality kind and never fail to satisfy. Buy themjto day. R. H. JORDAN & CO. .Phont t , NURSES' REGISTER '- THE NUMBER of North Carolina corporations has greatly Increased, and is grow ing every year. The stockhold ers need a medium for selling and exchanging stocks nd we supply that .need. We have handled large quantities of the best North Carolina stocks, and- solicit correspondence -from those who care to buy or elL " - V- v , ,;vv. Trust Department " BOCTtlKltX IJKR A TRUST f - ' COMPANY, Greensboro, . C, . Capital and Surplus $405,000.00 K. P. Wharton. President A, M. Scales, Oen. CounseL Kobt C. Hood. Aast Majjaer. tare Tlie; f,!erdiants '&: farmersljlational .Benli OF . CHARLOTTE, N. C. 44 'Capital : : Surplus ajid'Profits. Accounts of jpprporation We Issue Certificates of rna-Bearing,Intj3rest4t- 4 1 PerlCent. . ?er , Aiinuin. if Left Three Months or Longer ; We Also Pay 4 Per ;Cent. on Savings Deposits and . Compound the Interest Quarterly. We Want Your Business. GEO. E. WILSON, jeSdent. v v JNO. B. ROSS, Vice President . W. X3. WILKINSON, Cashier. F. B. M U-AU-TO-I-E84ME bear your rental trouble; X mean collect your rents. IP U DID you could soar on the wings of the mornlng free 'as a bird to the uttermost ends of the earth, and lo! there would ;y monthly state ment with check fellow and find you. U-GO-WAT-OFT and test It. (All white; nothing rented under $10). F, b. nLBXHNDBR riedmont Bldg. 'Phones 817-045. Commercial CHARLOTTE, N. C. ORGANIZED 1874. Capital " Surplus and Profits We solicit your business. R. A. Dunn, President. Real Estate For vSale $4.700 For 7-roorp, modern, slate roof house. South Boulevard, Dllworth. beautifully located with barn and servant house on place, nice lawn and shade treess. $3,700 For 7-room residence, Elizabeth avenue, shady side of street, large lot, size 60x200, house has all modern conveniences. $700 For vacant lot, Louise avenue. Piedmont Park, water and sewerage on street, one block from car line, size 66x160. If Interested In real estate, see us, we devote our entire Urns to this line. J. E. Murphy & Comp'ny 43 N. Tryon. 'Phone 8431. A Growing Patronage Is the Test of Good Service Our Business Is Increasing Every Day On the basis of guaranteeing good service ' your , account is solicited. v American Trust Company ., At ts $1,400,000. ' l ' - Wood fibre Wall Plaster, "Hard flinch." THE BUILDERS FRIEND Freezing does not hurt; natural shrinkage will t hot caack ttt water does o make It fall off; bard as stone. Writs tor booklet, laaafactured by qhhrCottb plaster go. Write for Booklet. . " f Charlotte, Jl. a Will Be Opened Saturday Aug. JiiK: 1, 1908 NEW B. & L. stock .has proven a ble&sing etb thousands of men and women during thb panic time we have gone through. Better than savings '.banks " because you will Wvesystematically. V,I)o; not ( delay; l Be wise.' Start now.'- V " v ':' '. '-vv -'. CHARLOTTE B S L'ASSOCIAT!0;i J. H. Van Ness, Pres " Office 203 . . ; . . . 1 . x 130,000.00 . - , Firms and Individuals Deposit Payable- on Be-: GILBERT . WHITE, C. E . . - OonaultloK ; '- . ' .: CIVIL ENGINEER Durham, K. 43. ' "i "' Waterworks, Sewerage, Streets; Wa ter Filtration, Sewage Disposal; Plans, Reports, Estimates, Super, vision of Construction. ' BANDY MYERS. . Consul tiaf Englaetsrs. Water Supply and Purification, Sewerage, Sewerage Disposal. Roads, Streets. Pavements. Watsi Power, Hydro-Electric Plants, Irrigation, Drainage, Reinforced Cenerste. Sur veys, Estimates, Plana and Specifica tions. Construction Superintended. Complete Plants designed, and con structed. da In Office. $ 7 S -TT Arcade Building, Greensboro, Nerth Carolina." """"""" Branch Offlcs. Laorlnburg, North Carolina. National Bank $500,000.00 ...$308,306.00 New accounts welcomed. A. Or. Brenizer, Cashier. 1 ljSlis - Bw'BtG, N. Tryon St. , , FOR AM IDEAL Buy the "beautiful home w are , offering in the plnea on- East Seventh street Car Una is now being extended ; In : front . ojQ.the premises and will; be completed In the next ten days to two weeks, r Dwelling has elht rooms and bath,' large front, pide and 4 back' porches, . every modern convenience, two-room servant house, stable , 'and carriage house, all lighted by electricity.". Location highest and healthiest" In the city. 'Let us show yon the property. ".Price and terms at ofnee.- -'.-'. :.-; v 'V', SOUnitRN, REAl: KTATE LOAN ; S FRUST COMPANY; Capital. I7B.0O0. - " Sarplns. tlOO.OtMX hW. 8. ALEXANDER. . B. A. DTJNX. A. M. BlcDONALD. ;:,-.,,,, v Piaidn& Vc Presldeat. -, , Eecu and TratM, First National Bank CHARLOTTE, N. 0. Oldest National Bank; lo V North Carolina. Government Depository. Capital ana Profit 9330,000. : 4 ' per cent,- Interest on time de posits. Accounts solicited., HENBT M. McADEN, .... '"-vv...- President.. . JOHN F. FOR YOUR SA VINGS Thrift is a simple thine but It means a treat deal. It ts the foundation of financial success and contentment Sava money and put It away safely. It ts easy to save; $1.00 will start an account Ws pay 4 per cent and compound it four times a year. SOUTHERN LOAN SAVINaQ RANK JOHN H. SCOTT, President W. 8. ALEXANDER, Vice sFre W. It JENatifNS, Cashier. wlltltlttleHIIIUIIIlllllltlHHItlwll. troom cotUge, North McDowell St. lot SlxltS 91,700 .. i-room cottage. North McDowell St.. lot 49x110 i.100 6-roo tncottage. Piedmont city water, 60x160 l.AOO 'I 4-room cottage, near Bo. passenger station, good location.,.. 1,700 FOR RENT 6-room t-story residence, modern, close In 920.00 mo. T 6-room cottage, modern.... , t The Charlotte Trust 8, Realty Co. Phone 377 w.?: E. Trade! QUICK SALE E 9th COTTAGE Q2300.00 CAN ARRANGE TERMS Five Room, Modern Conveniences. Brown & Company. 'Phone 535. THE CHARLOTTE Resoiifces $1,500,000.00 Our method of doing business holds old friends and gains new ones. ' '" ' - ' ' ' B. D. HEATH,' President. . - JNO. M. SCOTT, Vice President. - J 9. H.' LTrrXE; Vice Preeldent '. v ! ' W. ' H. TWITTr; CasMer. Fourth Ward ' - . ff.t np aa Iji nn easv building lots in Fourth Ward. 47 i-zxlli Kiia w-&w vii piu. nu m rnuui witey in Tear. . The lot ls nicely elevated and perfectly level, and one of the beet ' neighborhoods in the city. Oar special price, $2,760. Terms $600 cash and balance to suit the purchaser. - - ': CAROLINA O. J. THIES, Pres. W. D. WILKIN80N, Treas and . NO. . W. FJfth street , to BOND) We Offer Subject to Sale: "- ; - ' - - V; :, 1,000 to 1.000 N. C. 4s due 1410, 1 , - 1,009 to 10,000 Tf. C. 4S due 1119. - ... 1.009 to 19,000 Cit of Concord Ss due 1 117.' ' 1.000 to 19.000 City of Charlotte 4 l-2s due 1937. . 1,900 to 2.000 A. T. & O. due s 1912. , 1.000 to 90.009 Oeorgia R,aR- 4k Banking Co. 49 yeart 4a ? i - ; v 1.009 to 39,000 1st Mortgage Real Estate 19 years 6s. And many other high-grade securities. . v F. G. ABBOTT & GOMPHMY LOCATION . . ," . ORR, Cashier. 12.00 mo, 203 N. Tryon St NATIONAL BANK Building Lot terme am tit . tli most desirable Situated at 07 N. V Poplar street: REALTY CO., MangT, B. RUSH LEE, See. J. P. LONOt Salesman. ' ' 'Phone 0. if V;:-' Jr. t
The Charlotte Observer (Charlotte, N.C.)
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Aug. 1, 1908, edition 1
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