CHARLOTTE DAILY OBSERVER, 8EPTE3IBER 7, 1909.
Financial and Commercial
FINANCIAIi REVIEW. '
New Trk.' BepV 8. Speculative ptn!on
ortr th exlstinc level of values of se
curities showed soma unsettlement last
week; . without any apparent cbang la
fundamental conditions - to explain th
, doubts suggested by the action , ot the
" stock market. ' Sentiment continue hope
. ful over th proepsct for Improvement ol
business and eonfldenc la in present
. strength f th financial position. Bom
, misgivings wr manifest, nevertheless,
'. that price had been pushed to an un
. -warranted level as a result f th un
usual abundanc ef credit facilities and
' in anticipating th coming; betterment at
too rapid - a rat, psdal developments
Ty during th week weakened som of tht
purely 'speculative assumptions on which
- : . larva snarket Derations had bean huet
, . and dashed th feeling- ot eonfldenc with
- - which th advance .had - been followed.
- Ther 'was much discussion over the ab
sence f any additions to th American
Smelting and Reflnjng board of directors
at th annual meeting as th acquisition
of large holding; in th company -for
-Standard Oil Interest had been alleged
as a reason for th strong ton of. the
stock. . Ther were statements made also
of 4-diminution In. th holdings ol the
. Interest la control of the company , as
. voted at th annual meetings. Th an
nual report Itself disclosed little warrant
for th nigh pric altitude of th stock
In th earning for th past fiscal year.
At th same time disquieting rumors
v were- eurreht of th - conditions -. of. th
market .for copper mtal and th pric
- : of silver continued its downward course. I
As tfc Smelting stock ha been subject
- to a -widespread advertlslne- in the con.
. duct of the speculative campaign, its.
market position was vulnerable to the
.. unfavorable Inferences and Its break was
of Important sympathetic effect on the
mGnmra 1 flat nl -tnrU. : Th jwma ,1
merit of the general publlo .towards the
' MtAnlT TTl rl. , I. m m. ,.. ,.....
,. amongst members of th stock exchange.
Aside from this phase ol th profes
.. atonal speculative position, news of busi
ness recovery and of th progress of th
Crops suggested some revision of pre
- Wlous estimates which forced th basis
' for th earlier advance in orioes. Re
ports of net earnings ol railroads for
. July and of gross earnings for the latter
. weeks of August failed to show the rate
of recuperation that had been hoped for
and here also some revision of opinion
- was called for. In the Iron and steel
trade, th recovery, although proceeding
steadily, 4s reported disappointingly slow.
These various considerations were only
partly effective In offsetting the Influence
of the plentiful , supplies In th money
TflArlfAt mm m lirnaA . . .
- .w m- uiiuui i . 1 1 1 uutiuiT mr
, 'I. A a, I.Ia in., .....
ii.a ii w hctiiviiv mnn a . .... i.
embracing; convertible issues seounui t
mortgage and with assurance of a Vhare
in th advantage of possible enhance
ment la value of the shares of th- pnm.
panles Issuing them. The sale ot a Phlla-
aeipnia per cent, municipal bond at a
premium of over 1 per cent, was regarded
- aa hlshlv ala-nlflcant of th I
in the Investment demand of capital.
Banks and Institutions have been large
buyers of bonds as a means for placing
r surplus funds otherwise forced to II Idle.
iui umiauuB mr currency are laie
and th large reserves held br interior
Dank indicate that they will be light
. Aim uuuauu irtmgia ot ine loreign ex-
cnang gives guarantee or. relief by Im-
porting gold if any profitable us can be
found for it.
XEWS' FINANCIAL LETTER,
cvrresponaence ot xne UDserver.
. nw inn, wpi. . events 01 lot weea
wtn aw m a unuomiiy lavoraoie cnarac-
.. VI . 1- . . . .
Wuill UfllUII 1.1114 tui n BIIUWBQ BUITIV
deterioration as usual during August; and
muusn no i important aecune was expen-
promises of these two-Important crops
WIN DDI Dm THlllKea. HMldM tn.H 1 M
i risk of damase from earlv front. mrl
" ' all the greater by the lateness of both
crops. Another ten days of freedom from
iruai win saw ins duik oi uirae crooi
from harm though in some sections it
... will be the first of October before all
danger la passed. The fall In Pennsylvania
earnings during July of $3,400,000 also ex
. cited unfavorable comment, although the
' loss in net earnings was kept down to
' . aoout xswa.ouo. Addea to the reactionary
aymptoma were the .poor annual report
df "Bmelters" and the Morocco Incident.
- On the other hand. If general business Is
juin, iiia prevailing lenuenoy is unmis
takably towards Increased activity.' Rail-
mailer losses both gross and net each
. month. In May the percentage loss In
, gross was is, in June zz. in July U and
, In August only 16. September 'will prob
.. ablv show still better nwiulta. nr thn
niunoer ui iuib cars is sieaaiiy accreas
ing. ana the latest traffic reports- are
more encouraging. Conditions In the
iron iraao arc aiso improving, August dv
' . In the best month of the year thus far.
ira muni sausiauory icaiure, nowever,
as far as th security markets are con-
' . bonds. This was based almost entirely
on tha 'extraArfllnarv hm of mon.v mnA
v w nil. V-M 1 1 1 w II UU1 awu uniJ
- such as institutions or those controlling!
. large sums of money and was not spec-
. of lssueH4iave already scored material
v. aavances. A stanlrVcant Incident was the
sale or IIO.oin.00O .nnr rpnt rhllalelnriia
tlMllt A 111. 1.1 ..A-. A I.U V. . 1
Witty of PJew Tork to place 44 per cent.
- a year ago. -roe oona sales on tn new
Tork Block Exchange In August amount.
; . d to 182,000,000, or lal.OOfltoOO more .than a
year agoy while the sales since January
: nave oounim over iaai year ana reacnea
, more than ffipO.000,000. .. '
T-tn. X. .bub. a.m. .I.V
'averase for the active shares beina- the
. highest this year -and the highest since
May, Bom ot th leading shares
are telling at the highest figures on rec
ord, and It is safe to say that the bulk
. nave oeen recoverea. ai xne snnnxaga
from th high, point In Januaryl 1907, to
.the lowest point 10 December of th same
year amounted , to about JS, 500,000. 000, : it
' can , be- seen to what a tremendous ex
tent the' recovery has gone. It would al
' most seem as If It had been too rapid
to last, and that . th temptations lor
' profit-taking wer Irresistible. ' That In
& the limited spaed of ten months security
, values should so fully recover from an
wonderful : recuperative abilities; ' but It
; strongly suggests th necessity of can. ,
tlon. as well as )h desirability ef a pe-
' U.J -..III.- . 1 1 1 IL. u.LIIII- U -
rise fcaa been -fairly tested. Inflationary
ID VCUIB . LI II WJVnUV 171 VJ 1 1
- (oldest. , ablest and strongest set of opera
y. tors th ?'8tre', has ever seen. These
parties are still under th market, and
DO one can tell bow far. they may be
.able to "push the upward movement. If
able, they will prolong It until they ue-
- Kg UU1W WIS) MW ffUUilU W iUf SUI" ,
' - plus stocks off their hands; and at pres.
ent ther Is little In sight to interfere
- with their plan H th present commun
ity of Interest vhlch evidently exists can
be held together. - Ther la reason to sur
mise that important financial plans ar
tinder way -and that th present manln-
Station H partly for th purpose of fioal
;' Inr mw aacuritr Issues. This can only
x b proved by time. '
V 7 t Is well to remember, however, that
- this astonishing recovery baa taken place
during a period of acuta depression la'
business, when railroad and industrial
profits Buffered extraordinary losses, and
when dividends with few exceptions were
ither . reduced, passed or unearned. - It
must be admitted that such tremendous
advance In prices under unfavorable eon
anions is Incongruous and open to serious
doubt as to either,, its soundness or Its
permanence. ' Tbs explanation of such a
violent rebound is - not at all difficult
Th American spirit of resiliency had not
a llttl to do wlta it- Pie vie us panics
have often been followed by marked re
coveries when no ' fundamental derange
ments remained, but. this ria surpassed
them all In rapidity and extent. The Oc
tober disaster found our merchandise
market free from rer-productlon, this
alone . averting th : demoralisation, of
business which has often delayed ' re
cuperation, after' upheaval. Then the
credit situation.? which, was ehlefly re
sponsible for the crisis, hs wonderfully
Im proved r"-nd this not only prventea
further disaster, but enabled many crip
pled concerns to fully fstabllsl them
selves. But far and beyond all these ele
ments fat recovery ha been - th arrest
abundanc and cheapness of money,. Here
Is the roaglo power which In th short
space of ten months has added nearly
(360,000,000.000 to th value of our' securi
ties In spit of unfavorable conditions. -A
hopeful spirit; markets fro ef surplus
products; an Improved credit situation
and good crop prospects would hav don
wonders toward recovery of themselves;
still cheap money and. plenty of It out
weighed them U1 la forcing th advance.
Were It not for this fact It would b per.
fectly safe to assum that prices ar bow
too- high, all' things considered, and are
liable soon to descend, to a lower level;
but as long as th money market remains
In its present condition, It will probably
b difficult to bring about any very Im
portant reaction. . '
; The prospects are for continued ease lir
money for some llttl tun to coma, wrop
demands will be easily mat and business
requirements ar moderate and financial
obligations to be met during the next six
months are such as can be easily pro
vided for. Bankers ars in a very conserv
atlv though hopeful mood, and only
new financial proposals of th most ap
proved character find ready support.
August. Incorporations were estimated at
only MS. 000. 000, th smallest total in many
months; and the total sine January 1st
aggregated . 1771.000. 000, compared with
tl.21t.000.000 the same time last year;' an
other Illustration of the severity of th
panic. Thar is a heavy accumulation of
Idle funds not only at home but abroad.
Gold is piling op In all th leading banks
of th world owing to large production
and dull trad. Buch conditions, though
ths result of unsatisfactory causes, work
out their own cure, and ar stimulating
as regards the future. Gold Imports this
fall are not at all Improbable, since at
present ther Is no other means of ad
justing our International balance, wnicn
are running largely In our favor.
Stocks may be too high, but as long as.
we are free from political scares or ee
rlous damage to the crops the situation
will be favorable to actlv trading, .espe
cially if the market remalna under con
trol of the present leaders, whose purpose
is to create a strong and active market.
The return of many noted . financiers from
their vacations will further promote ac
tivity. HENRT CLEWS.
DAULY COTTOir YARN MARKET,
Charlotte, Sept. 8. With few exceptions
manufacturers continue tq buy yarn for
Immediate wants only. Occasionally one
has the courage to speculate. A nam
mock manufacturer bought 60,000 pounds
of 8-2 and 50,000 pounds of 8-3 skeins or
dinary twist at less than 14ft cents. Sales
of 20-1 warps were made at 16H and 17
cents. 20-8 warps at 17 cents, 20-2 swins
at 164 and 17 cents and 80-2 warps a 19
cents.
SOUTHERN- SINGLE SKEINS.
4s to Is.
10s
12s
...i4 eu
20s 16H17,
26s 18
30s 1
.USji IS
14s..
as Si e3tt
16s .11
SOUTHERN TWO-PLT SKEINS.
4a to 8s 14H 26s.
10s..... ......15 015H 80s.
12s 16 ' 86s.
les UV4016 60s.,
20s.... WVJ 60s.,
24s ....17
II
1
22
SO
CARPET AND UPHOIJSTERT YARN
8-J-4-5 hard twist 14U15
8-4 slack .. 1&J1I
8-4 slack : , 16
10-2 4 slack 16
12-8 slack 16H
16-1-4 slack .. ...w ......
SOUTHERN MUI-E SPUN FILLING!
COPS.
1B16 I 12s 16H17
lOs 16 ttU Ub 171,
SOUTHERN SINGLE WARPS.
8a,.
-20s...
W44H7
17V
...1S
1
10 U
24s...
12s. ...It 16
14s 15V.t!6
Ws If tfttli
26s...
30s...
40s...
SOUTHERN TWO-PLY WARPS.
s . ai, 24s .niiii
10s 15 26s 18
12s ...164tTl 80. ........ . fcisu
14s ...16 1H 86 28
16s If 40a, si
20s ......17 I Me. ...... ...SO .4X31
NORTHERN TWO-PLY CARDED
PEELER IN SKEINS.
20s .....21tt$;t I 8s .....tt
2 2223 J 40s......... . 30
24s ,.23U . 80s 23 H M
26s..... 23M . 1'fiOs .....41 xi.
80s 24 - I -r-
80-1 on tubes 28 2
NORTHERN TWOPLY , COMBED
PEELER IN SKEINS. ,-
10s
12s
..23 f?24
..2442Si
..25 e'25i,
..27 "
..JTVi .
24s..
26s..
80s..
40..
...... antra
1 . " .
32
...... 8 ' '
14a
Its......
18s
J0s....
(V.
40 41
60s. ...... ..48 Hit
COTTON t HOSIERY YARN.
Southern Frame Spun Yarn on Cones.
sto8s 15 ,22s ...1T4
s to 10i....l54l - ?t4s ,....174 '
1M.. ...... .14 r.- 26a ...M .
14a. ...lit . 80s- ;1H
16s.. ........ .M rTlH 8Cs... 194
18s l'Hn 0S.... 24
20s.........l7 fil7! i. , . ; -
NORTHERN i CARDED fWB 8pUN
. - YARN ON CONES.
S...........17
VNs........;nI7 4T174
J2s........J04T!l
24 21- jn4
Ifisl mm f .22
zs.. ...... nvan
80..: 234
82s 24 7?44
40s.,... 30 31
149...-V1741B
lta.-......il84 :
1S.....,..,.1!
20.. ........ .1.4.S20-
NORTHERN MULE BPUN COMBED
l , FEELER YARN ON CONES.
it.;.........2?v4-y3
lis. 234 24
t5He 4p ) -2T
24s 27 TT7M
26s........ tT24
8w i 0284
84s M
os 3 eat
14a. 244225
1 6s. . w 25
laa. .M.2s
20s ..;.J64
COMBED EGYPTIAN ON CONES.
JA-J.... ...... 86 4TT7
8-2... ...... 40
9-J....,....5- 81
W-2.........6I tt M
0-i.......7 f T4
MO-f.. ..83 100
4A-a.,..'.v....41'-414
SO-I... ...... .47 .
; .V HOW TO 3KT STRONG. r
W. J. DsIV. of Utl W. Consress t.
rhlcro. tells of a wsy to become iirnn
He says: "My mother, who is old and
was very fnl. la deriving so much
benefit from Electric Fitters, that I ts4
It's my duty to tell those whva4 a
tonle and strengthening medicine about
It.' In my mother ease a marked gain
In. flesh has resulted, tnsomnta bss b-n
overcome, snd she Is steadily graving
stronser-." Elertrte Bit tars culcklr rem
edy stomach, liver and kidney complaints.
oM niultr ruaraata at all drua- atorca.
Ka. .
10,10 SPINDLE
X ou can secure any;, part of the Machinery in this
" mill, : -which we are dispose of very rapidly.'
; It. is-in splendid condition. : r. ; 1 v-vy
A nne chance for those who are . balancing their
' . equipment, while business "is temporarily quieii
. - f. It Wm Pay.You to tnyestigate.4 .'
CREEIVSBORb SUPPLY CO.
GREENSBORO. N. G.
RAWIXB -;Jjimt'i. FHAIES
MAOHINC WO R it: ft
COTTON MACHINERY
TAUNTON,
COMBERS
LAP MACHINES s LOOKS
SOUTHERN OFFICE AT CHARLOTTE
CDWIN HOWARD. AOCNT.
MILLS AND MARKETS
COTTON' CUT 25 PER CENT,
This Is Believed to Be) Fair Estimate
of the Damagv-pon by xxU
Cora Also. Badly Hurt In County
and All Over (Carolina a.
Reports which keep coming in con
firm the earlier statements to th
effect that the recent rains, which
have been unprecedented for this
general section, hay materially In
jured both cotton and corn corps. Th
prevailing estimate In this lmmcdfcu
vicinity is that cotton Is eut short to
the extent of 25 to 46 per cent.) th
difference In damage being du to th
character of the soil.
The injury to cotton comes largely
through a shedding process --which
Succeeded the week's wet weather. In
many sections the bolls not only began
falling away from the stalk Imme
diately after the rain, 'but are con
tinuing to shed. What it does . be
tween now and the season for full
maturity depends solely upon the
weather, if suitable weather comas,
th production may not b as short as
now expected.
The production has also been cur
tailed by the rotting of bolls end this
process of deterioration Is equally a
much to be feared as th shedding.
In many sections where th soil 1s un
commonly rich the foliage has been
o Urge this season that the sunshln
has been shut off from th bolls and
wet weather has put -n and to th
growth and development. .
L It seems a safe prediction that th
curtailment in this immediate section
will be at least 25 per cent, as an
average, and this sama ratio is appli
cable to crops in other parts of pied
mont North Carolina. The last official
estimate of the condition of cotton In
this State was .76 of total crop.
This average was forwarded bafor
th damage by floods could be esti
mated at all. Only the previous dam
age by severe droughts In some sec
tions and the lack of a full stand
were taken into account. Th next
report will fall for below this average
In the estimation of leading planters
In this vicinity.
Ths corn crop, which was exceed
ingly promising, has suffered -worse,
in th main, than the cotton crop, be
cause It is a lowland crop. . Many
farmers through the Carolina hav
been robbed of their entire crops
which were planted on bottom land.
The unparalleled rise In all streams
swept the fields down, as a cons.
Quence of which many planters have
lost thousands of bushels of tin corn.
It Is reported that the corn on th
upland has also greatly suffered by
th flood. It has begun to rot and H
Is hard to figure yet how far this will
go. Th dcrease in th average of th'
corn crop will not fall below 10 per
cent, and In many counties farmers
hop only to get SO per cent, of a full
production.
Latham's Wrekly Cotton Letter. .
Correspondence of Th Observer, . ,
Greensboro. Sept. 5. 'Prices are
just a trifle lower than when I wrote
last. The crop accounts continue
satisfactory when taken as a whole.
Home , poor accounts ar coming in
but are Quito natural since th crop
prospects a few weeks back wer ab
normally good and the deterioration is
from these very bright prospects.
Trade conditions do not Improve ana
ther are many idle spindles In Eu
rope as well as America. In fact the
depression abroad seems quit . as
acuta as at home. Cotton at present
prices Is not dear compared with th
cost of production but trad Is bad
and the mills are not making money-
therefore. - any - Important advance
would only comer from improved
trade, or from something I happening
to th crop that would arouse specu
lation. - I can l me ukeunooa i
tmtirovlna- trade until after the elec
tion, so If th crop accounts continue
good It looks as If we marae. win
go lower f but the decline should be
gradual from this level.' with fre
quent rallies. ; J, E. LATHAM; ,
' . , : ": Charlotte Cotton.
Ths prices represent, figure paid t
wagons September ithi ":, y -
Good middling... ' .
Strict middling..' ... . ..
Middling... ... t .. .' .
, s . i . .-.
' -y Cbartott Prodnce. ' .
(Corrected by R. B. Field Co.)
Butter ...... ri
Chickens Spring ........ ,1793
Ducks i. .....w.w 9 .
teggs.. ... ... - 2O023
Gee' per head .. .. ' a '
Hen per head ........
. . . ..
Turkey pr poana .
123U
Chariot t Crala.
Corrected dally by Cochran-Me La ugV
V . ,1a Ca)
corn -. ..
w 10
Cotton Bced
n
a
Ofttal m
If yoi want a - heat prodacer,
order ClInohfteM front yoor dealer or
dlrert of the CUnhfleld Coal Corpo
ratloa, Charlotte, K. C. .,
' .." I'
MILL
MULES
FOX CHASE AT CATAWBA.
Hickory Lovers of the Sport Run
Down a Bernard With a 1-1 no Pack
of Hounds Trio of Good Goliia;
Dog Jtuas For Six Hours.
Written for Th Observer.
A report by a farmer from down
on th Catawba river near the old
Cloninger Mill place. In Catawba
county, that a fox had killed a tur
key for him, was sufficient to mak
the sports, of Hickory sit up and
take notice, and by o'clock you
could hav seen a two-horse load of
hounds on th way to that point,
with buggy after buggy to follow.
At 8 o'clock all being in, th hunt
started. J. F. Abernethy went on
way with Lead. Nell and Bell
Boyd, to find and start th fox, while
Pink Campbell took Buck Abe and
Iad Campbell in another direction.
But In a few minute Buck Abe
tongued out with a long howl that
tne rtx had gone his way and Imme
diately Lead Campbell cried with a
anriu bark, hair a mile up the creek,
that he passed his way. Nell and
Bell Boyd, assured that Buck and
Lead knew their business and were
not liars, passed the crowd of men
down the road Ilk 97 on her way
from Washington south, then all dogs
were turned loose, and ther was mu
sic that make all other music fad
into Insignificance with th average
fox-hunter. The race was on, and as
was expected Nell and Bell Boyd ran
neck and neck, crying with every
breath to the fox "do or die." And
as reynard passed where the party
was standing he convinced it that he
was up to do and not die.
-At this stage of th gam an un
known Quantity appeared in th form
of Vick George, a puppy bought of
Jeff George, of Nlangua, Mo., who
wrote Mr. Albert Keever, "This pup
was boroed Friday night, November
ibtn, ivQ7, of stock never noutrun."
Vlck cam to th front telling Nell
and Bell Boyd, "I am not yet ten
month old, but I am from Missouri
and you must show , me." , Then It
became very evident to Nell and Bell
uoya ther wer thr playing In
their part of th game. " Reynard
was soon apprised that there was a
twofold purpose In the ambition of
tnes three fast dogs, each to outrun
the other, and to stay till the finish.
Then the circling, back-tracking and
every other cunning device known to
a iox was resorted to, and twice In
the race did he outwit the leaders,
but Buck and Lead sang out "We
are here and ar ready to do our
part, watch us," and with an Instinct
closely related to fine reasoning they
.went out and found the track of the
fox, called the other dogs and It was
on again, gone again, Vlvk. Nell
and Bell at all times leading the pack.
The beauty of this raca was the
length and the compact way the dog
ran. At no time were they scat
tered but ran in a bunch, each dog
doing his best for six long hours,
when close to o'clock In th morning
Bell Boyd In her eagerness to reach
th brush of th fox first, ceased to
give tongue she needed every avail
abl breath to stay with Nell and Vick
-who wer crying with all their might,
"W see him, we see him!" The
men realised it was almost finished
and ran to the dogs, but a few min
utes and Mr. Reynard gave up the
ghost, wheeled around facing his pur
suers, reared up and cried in a pitiful
way, "It is not fair," and passed Into
another world, if ther be on for
foxes.
Then the home-going, each man
arguing the fine points of his dogs.
However, all agreed that It was the
finest rare they had ever heard and
hoped that some farmer would soon
report seeing another fox, and that
we might have Red Buck, of The Ob
werver, with us In the next race to
show him some jiood going " dogs,
especially Nell Abernethy. of Illinois;
Vlck George, of Ml-sourl, and Belt
Boyd, of North Carolina.
HUNTER.
Hickory, September 5th.
FIRST TO COMPIiETE TAX BOOKS.
Forsyth Leads All OUmy Conntle
t and Is Proud of the Distinction
Books gliow Interesting" Facts end
Figure. ...
Special to Th Observer. (
' 'Wlnston-Sajem, Sept I Forsyth
county to-day claims th distinction
of being- th first county In the Stat
morrow, this vent having been post
to complete her tax books, and ther
ar som mighty Interesting facts and
flgore shown in them, too..
Th 181,120 acres of land outald
of towns In th county's borders ar
valued at $1,041. 681; 7.114 town lots
ar placed at $4,788.1.0; $.117 horses,
$188,278; 1.877 mules, worth $118,
1S1; T.S80 cattle. $81,820; 1,47$ hogs,
$17,081; farming - utensils, $tS,411;
kitchen furniture, $291,428; me
chanics tools, $201,144: provisions,
$41,107; flrmarma. $$.107; . scientiflo
Instruments, $4,101; money on hand
or deposits, $181,140; solvent credits,
$1,771,174; mnney Investment, $804.-
74; cotton. $4,111; tobacco. $1.$72,-
II: brandy and whisky. .$.IIOj
musical instruments, $41,174$ watches
and Jewelry. $44,024.
The total taxable real property Is
$$.818,771, end personal property,
$7,118,181; total Of both. $14.0(0,12$.
The1 whit population owns $18,441,
711.' Ther ar 1.024 whit polls and
1,840 colored. - Th property assessed
by th . Corporation Commissioner,
such as railroad a telegraph lines and
other publlo utilities in the county. Is
placed at 11.7S1.117. The bank
etock Is valued at $45.$01. Build-
COTTON MILL MACHINERY.
Stuart W. Cramer,,
. main eifcteti C .
OUTH TRYOM T V , V
r OHARkOTTfea H, Ot
fit volTlnx Flat Cards,
Railway Head,
v Draw-fag Frame,
' aSplnplnf Frames,
; Twisters and Spoolers
QuOIers and Reels,
: - Loom,
COMBERS
HUBBARD BROS. & CO.,
HANOVER SQUARE, NEW TORK
MEMBERS OF New Tork Cotton Ex
change, New Orleans Cotton Ex
Chang, Associate Members Liver
pool Cotton Exchange.
ORDERS SOLICITED For the pur
cnase and sale of cotton for future
delivery. Correspondence lnvlteff.
MECKLENBURG
IRONWORKS
CHARLOTTE, N. 0.
Motors, Dynamos, x
Alternating and
Direct Current.
!Any size and voltago.
Stock on hand.
We ask for orders.
CLING FAST
Wood fibre Plaster,
"Second to None."
Experienced plasterers
pronounce it the best
on the market. The
Best is always the
Cheapest. Ask for
prices and booklet; it
will pay you. ,
STATES V1LLE PLASTER &
CEMENT COMPANY
Statesville, N. 0.
Ing and loan associations wer as
sessed at $115,14$. The total valua
tion of all property la placed at $1$,
$46.7$1. n th. Iimi collected in Forsyth.
$18,151.42 goes to thT state tax fund;
$177,080.40 to in county ana v.
208.11 to schools, making a total of
8177.010 40 to b collected In this
county.
HAD STARTED TO DURHAM.
Wrecking CrwvT" Was About to lycave)
to Clear Durham d Moutnern l-racK
When Roller Kxplodcd and Killed
lire man.
Special to The Observer.
Durham, Sept. $. An.englne on the
Durham ft Southern Railroad yester
day spilt a switch while taking some
freight cars from the main lln to
a siding and, getting off the track,
blocked It eighteen hour. It was
a passenger train coming this way
and du at It o'clock noon. Th
passengers wer transferred at East
Durham to the street cars. Last night
a wrecking crew from Raleigh was
called Out and as it started ott with
Seaboard engine No. $00, th boiler
exploded snd killed th negro fire
man. Th crew was delayed In mov
ing ' th Seaboard wreckage and did
not-reach here until S. o'clock this
morning. ; . -.-.,
Th craw said th ena-lneer miracu
lously escaped death. . H was on his
way to his sngln and had h not
stopped to light his pip h would
nav oeea on tn . train and blown
up. Th explosion a d near a to have
been caused by th fireman's running
cold water Into th boiler. It had Just
come from ths roundhouse In perfect
condition without having been fired
up sine It was given treatment
Tito Cleveland Estimate of Taft,
Philadelphia Records . : V
- Republican newspapers that did
not erase to belitti and vilify drover
Cleveland during his lifetime ar
tasking great use of the posthumous
announcement of th high opinion of
Mr. Taft's character and abflltle en
tertalned by - Mr, Cleveland. There
are thousands ctf good Democrats in
th country who appreciate and who
rejoice in the high attainments of
Mr. Taft The man Is better than hi
party. It Is th parjty at who head
he ha consented to march which th
eountry has reason to fear.
No man better than Mr. Cleveland
understood th danger to th. repub
lic inherent in th perpetuation of
Republican polioies of administration.
If Mr. Taft shall b defeated thj re
buke will not b Intended so much
for th leader aa for the hord of
plutocrat and spoilsmen behind him.
11
G
ENQINEBR AND CONTRACTC3
. W - !. T
5Iubbers,V
Roving Frames
Jack Frames
R H A D THI$
IP YOC HAVE TO 8EXU LIST IT IN THIS OFFER ,
If you hav houses or stores to rent, let m do your Uctln aat
sav troubt and worry.
Th plac to nsur jowt property Is In thl agency.
R. E. COCHRANE
Insnrance and Real Estate Ag-ent.
Cement, Lime, Plaster, Roofing
And Other Building Material
can be had in schooner lots, car load lots or small
lots, delivered at any point in the South at lowest
prices, by simply indicating to us that you want it
and have the money to pay when our bill is due. ,
Inquiries cheerfully answered by telegraph or
mail the day received. Shipments made on a mo
ment's notice from one of our stocks near you.
Write us I
Carolina Portland Cement Comp'y
BOUTERX DISTRIBUTORS. CHARLSTOX, l C
-
Motor Of Generators,
Dynamos and Electrical Wiring installed by us,
Mill work a specialty. Prompt attention given to
all work.
R. G. mJTEN eOMPRNY
Electrical Contractors.
'Phone 1307 or 1308. '
202 S. Tryon St. Charlotte, N. a
A
MAN
who can afford to Insure, and
whose family ar entirely de
pendent upon hto salary or
earnings which cease at his
death, and who still refuses
to protect his family, al
though th necessity for Ih-
uranc has been Intelligently
explained to him, is - mean
nourh to steal a mouse from
a blind kitten. Don't you
think so 7
.
W. J. RODDET, Manager,
The Equitable life Assurance) Society,
Rock Hill, to. C.
WM. WHITE JOHJfSOW, Re. Aft
Hunt Bid Charlotte, y, 0.
FRANK P. BULBURN A CO.
ARCHITECTS
WASHINGTON, D C
LOUIS H.ASBUBT
j3ARCBITp:
lw BsildiAff, ChrVra IT. C.'
HOOK AND E0QEE3
' " -: V"v -.
AECHITECTS -
TBSi :' ' "
- ARZOTTE, It. fl. v ! :
:
Leonard ' L. :
Hantef and Fraaklla I
... - Oordoo -
. ' in nTTT'TrnTri ) '
AUUIllilUlai
Law BoOdlnc, Charlotta, if. a N
. ' ;
No. Ill ajU SIS.-- Thooa STI
'RaNOM floai
TftaiABLB SJ.U1LBIMCS. ' -
. f ATLANTA. tZi
1 -
Hum 7
Automatic Feeders .-
1'- vytwv aiJ a- -
Breaker, IntenDedlattaiidJ
Flnixber Lappers,
Jlr Klrschner Carding t3eater
I
kfrror
Tnreaa taxracior,
Waste Pickers, eta,
Intermedtalctt d ctAv lVwa. : j '
-'X 'f :
SCREENS
flies and Mosquitoes
on the Outside
Small Cost
J. H. WCARN
4S.CO.
afaMBfactnrers or Maateila, '
rlto for catalogtMw
Manufacturers
and Jobbers
Frequently find It necessary t
hav Banking Facilltl in ad
dition to thos offerd by local
banks. ' . v
THS . ' ' ,., '
First National Bank
OF RICHMOKD. VntGDOA,
With
ll.008.00t.08 CaplUl -
Earned Surplus $00.0.M
It. I eO.000.80 DepoalU -18.080.0OO.0O
Total Reaoureea
Offers Just th Additional Fa
cilltles Rqulrd.
Jno. B. PurcelV Fridnt:
Jn. M. Miller. Jr.. Vice Presl
dent; Chas. R. Burnett. As
sistant Cashier; J. c. Joplln.
Assistant Cashlsr,
A. D. SALKELD & BEO
j TOMM3S8SIOX MsncaAxn :
ttVTS temard Street, JTrW TORE.
- 4XrTTOX TARXS
dept. v...- " - r ;
Fredlc -Vietor 6 Achslii.
JAHES E. IHTCIIELL CD.
coMiassiox" MrRcnAXTs
Cotton Tams and Celt : 7
rrf4V-
, . ... www-w
TONSIONMENTS 60UCTTT5. .
rtuTadolphla, 111 and 114 CT-
Bo",n' 1W RammM" f -
Jfew York, No. TS leona-'! ! .
Charloue, SI , Trroa i .
I