Newspapers / The Asheville Times (Asheville, … / Sept. 7, 1911, edition 1 / Page 6
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THE ASnZVILLS i.i.U.J ki EDWIN L. RAY, President. ' ' GEO. A. MURRAY, Vice-Pres. JNO. A. CAMPBELL, Cashier Citizen's iBank ASHEVILLE, N. C. Statement of Condition at Close of Business, Sept. 1st, 1911. - RESOURCES LIABILITIES Loans 1 ..... ..... V. .... . .$365,819.37 Capital Stock. .. .. . ... .. $ 50,000.00 Overdrafts..... ... .. .. .... 2,136.32 Surplus and Profits 11,825.80 Fixtures and Equipment .. . 5,000.00 Bills Payable .. 30,000.00 Cash on Hand and in Banks . 89,766.70 Deposits .... ....... 370,896.59 $462,722.39 $462,722.39 Deposits Sept. 1st, 1910.... $287,456.12 Deposits Sept. 1st, 1911.. ..$370,896.59 GAIN $83,440.47 , ... . Dividends Paid January and July Ask How Our Stock Sells We are growing faster in proportion than any Bank in Asheville. We have taken on 500 New Accounts since January 1st. S. LIPINSKY Dry: Goods W. R. WIIITSON" Lawyer. GEO. S. POWELL Investments GEO. A. MURRAY . Lumber, DIRECTORS: JULIUS C. MARTIN Lawyer J. R. OATES Railroad Contractor H. TAYLOR ROGERS Bookseller, Stationer F. STIKELEATIIER . Insurance, Real Estate.' M. II. KELLY Water and Sewer Contractor n. C. JOHNSON Prop. Asheville Orocery Co. JOHN A. CAMPBELL Cashier. EDWIN L. RAY President ajmnc pn'iniTinnc. ninuL uuuui i iuiju; eUlESSFOUT Next Three Months Should Witness an Activity Fully up to the Average. NOTICE OF SALE. By virtue of the power and author It,, iwLnr.mil nnnfi tin uniforMta-mxI. Haywood Parker, by a certain deed of trust, executed by Ina Maud Penland r and W. A. Penland, dated May 15th, 1111, said deed In trust being record ed In the office of the Register of Deeds of Buncombe county, in Deed of Trust Book 82, page 149, reference to which is hereby had, default having been made In the payment of interest on. the debt secured by said deed of , trust, the same being now past due, and in keeping the property Insured as provided for In said deed of trust, ' and request having been made by the owner and holder of said debt that the undersigned do execute the pow ers of sale contained in said deed of trust, I, Haywood Parker, trustee, will, on Monday, tlte 2nd day of October, 1911. at twelve o'clock, noon. In front of the court house door In the city of Asheville, Buncombe county. North Carolina, offer for sale, a public auc tion, for cash, to t'.ie highest bidder, the following described pieces or par cels of land, situate, lying and being In the northern portion of the i-Hj of Asheville, county of Buncombe and state of North Carolina, and being lots 48, 47 and 57 respectively of a plat made by B. M. Lee for C. E. Graham on August 6th, 1890, which is regis tered in the Register's office for Bun combe county, in Deed Book 72, at page 421 ind being bounded and more particularly described as fol lows: First Piece: Being lot 48 of said plat; Beginning at a stake in the West edge of Fulton street, corner of lot Xo. 49, and runs with said margin of Fulton street North 3 deg. 26 min. E. fifty (50) feet to a 'take, corner of lot No. 47 of said Plat, then with the line of said NV. 47, N. 87 deg. 2 min. W. one hundred and fifteen (115) feet to a stake comer of said No. 47, thence S. 3 deg. 26 min. W. fifty (50) feet to a stake, corner of lot No. 49; thence with line of lot No. 49 8. 87 deg. 2 min. E. one hundred and fif teen (11 S) feet to the beginning. Second Piece: Being lot 47 of said Plat and Beginning at a stake in the West margin of Fulton street, at cor ner of lot No. 48, and runs with said margin N. 3 deg. 26 min. E. twenty five and 8-10 (25.8) feet to a stake, thence N. 4. deg. 31 min. E. twenty- four and 46il00 (24.46) feet to a stake, corner of lot No. 46; thence with line of lot No. 46 N. 87 deg. 2 min. V. one hundred and eleven and 67-100 (111.67) feet to a stake, cor ner of lot No. 46; then, e 8. 3 deg. 26 min. W. fifty (50) feet to a stake, corner of lot No. 48; thence 'with line of lot No. 48 S. 87 deg. 2 min. E. one hundred and fifteen (115) feet to the beginning. Third Piece: Beginning at a stake in the EaBt margin of East street and runs S. 87 deg. 2 min. E. (115.2) one hundred and fifteen and 2-10 feet to a stake; thence S. 3 d. g. 26 min. W. forty-five (45) fee L to a stake; thence X. 87 deg. 2 min. W. one hundred and fifteen and 2-10 (115.2) feet to a stake in East stret, then with East street northwardly to the beginning and being lot-No. 67 of said Plat and being all that property devised to Ina M. Penland by her father, John W. Heymond by Clause No. 6 of Will recorded in Will Book E., on page 88 and 89. HAYWOOD PARKER, Trustee. rOLEYSKlBNEYPniS (CltlxeVs Bank' General Letter on Trade Conditions and Business Forecast for September.) The actual condition of the coun try' business is easily described but not so easily understood. The hesi tation which we have been witness ing has been the , result of .. many causes, the most recent one being an inclination to wait upon the moves of congress, particularly on tariff matters. Even the mines have been unable to predict what congress might do and business men have thought It better to await an adjournment be fore making new and definite plans. As congress, will re-convene In three months from now,; there may still be some hesitancy on the part of wool and cotton interests. Steel Interests are so strongly organized that tariff charges .or government investigations tan have no permanent effect on the business, and the present condition of the steel trade is quite satisfactory. Theprospective merger of the Repub- Ho, Lackawanna and Bethlehem com panies with the, corporation has passed the stage of rumor and will probably take place. The unfilled tonnage report of the Steel corporation showing bookings amounting to 3,684,085 tons on July 31 has not been equalled since July 31. 1910, when the unfilled orders were 386.846 tons larger. Since 1907. when .the "unfilled" often amounted to six or eight million tons, the ca pacity of the plants has been so great ly Increased that such figures need never be shown again. Present book ings take care of the output for about three months. . Rail orders have not been large but are becoming more numerous, as are steel car orders. Orders for steel cars totaling $25, 000,000 ire pending. Structural de mand is very satisfactory and some of the June cut prices have been with drawn. While the ingot output of the Steel companies may not be main tained at the present rate, which is unusual, the demand seems to be con tinuous, but not sensational. Pig Iron is still moving slowly and prices have not varied much, al though special Inquiry develops an In clination on the part of producers to hold present stocks, which are above normal, for better figures. Birming ham stocks are almost excessive con sidering the present demand, but some producers are quoting fifty cents to a dollar above the $10 price which has been in ffaut. The present steel demand should Insure more dependa bility and harder prices In the pig Iron market in the course of a few weeks. The visible supply of copper has de creased and prices are somewhat higher. As the production has been reduced, ' the demand must be Indif ferent although the sllghest Increase In demand would cause a further In crease In price. With the crops about ready to In crease the business of . the railroads. Statement of the Condition of BATTERY Of Asheville, N. C. At the ;Close of Business, Sept. 1 , 1 91 1 . RESOURCES LIABILITIES i Loans and Discounts. .$1,327,163.09 "Capital ... ........ . . $ 100,000.00 Overdrafts ... 722.93 ! Surplus. ... ... .. 50,000.00 Furniture end Fixtures........ .. .. .. .. 4,500.00 - Profits .. ... ... ,V... ..... 51,571.72 Banking House and other real estate .... 44,158.33 Bills rediscounted ... , . . . ! ............ 50,979.83 North Carolina State Bonds... ......... 90,500.00 1 ' . . ; ' - Bills payable. . .' ..... ... .. None Other Bonds and Stocks.,.. ... ... ..... 41,700.00 ,,, . ' ' , r, x. tr il , V Ao.mr Deposits....... .....1,654,471.60 Cash in Vault and in other banks... . ... . 398,278.75 ' , Total... ... ., .$1,907,023.15 ! Total... ... ... .. ..$1,907,023.15 the rail situation does not look at all discouraging although net earnings have been decreasing. In spite of this decrease, 11 principal linos earned an average of 8.1 , per cent on the par value of their stocks after taking care of all -other charges. The lowest of the 11 earned 6.3 per cent, and the highest '16.64 per cent. Gross earn Ings of all steam roads for the past fiscal year Increased more than twen ty-flee millions while the net de creased about fifty-five .-"millions. Twenty-one leading roads earned a billion and a quarter for the year, which was one hundred millions bet ter than any previous year's showing except tli fiscal year 1910, which made the phenomenal showing of nearly two - hundred ' million more gross than had been reported for any previous year. Idle cars are decreasing and most of the free box and miscellaneous cars are being assembled at crop moving points. Usable cars which are idle by the tenth of the month will be largely coal cars not yet need ed in the east. Recent heavy or ders for steel hopper coal cars show that more business is expected, -Building activity for July was quite naturally somewhat less than June, but was greater than July of last year and far above the July average. New buildings projected Indicate that this activity will continue through the fall to exceed last year's figures. The demand for structural steel and most other building materials is satisfac tory. Average commodity prices have continued the steady advance started in May and promise to hold at the present figure of 8.6568 or advance slightly. The production of gold for July exceeded any previous month's re port including the record figure of May, 1911. This may prove a factor In further Increasing commodity prices. Business failures for July while larger in number than In the same month of last year were one-third less In total liabilities as well as less than any previous month since June, 1910. This is a very important fact and is surely an indication of stable credit conditions. Actual earnings of large corpora tions are almost exactly the same as last year. Actual payments in in terest and dividends about a half a million dollars less. Disbursements for' eight months were 11,081.500,000. and are estimated for September at ninety-three and one-half millions. The crop condition of the country s claiming the attention of every bus iness man. The last government re port was such a tremendous drop from former estimates that It proved serious shock to business. Men close to the crop situation have con sistently maintained that the govern ment had been too high, and the mall changes la prices on boards of trade, occasioned by this report, is Droof positive that traders had In side Information which enabled them to modify government estimates. The hange shown probably did not take place in four weeks, as influences adverse to bumper crops had been at work since early spring. Winter wheat almose reached last year's figures and Is grading far above the last crop. The final figure 111 be near 450,000,000 bushels. Spring wheat has suffered from many causes, and the prop Is about It per cent, below the ten year aver age. Good authorities state mat me crop will not fall per cent. Deiow last year, which will mean a produc tion of 216,000,000 bushels or more, but the quality will be . below nor mal. - i The averaged estimates of several crop statisticians place the corn pro duction at 2,800,000,000 bushels. The frost dates will affect this figure, but a crop exceeding 1908 and equalling 1909 In bushels may reasonaoiy oe expected, if weather conditions from now on are good. The government estimate of a cot ton production of 14,360,000 bales Is pronounced high by so many authori ties that we believe It safe to expect smaller figure In the final report A reduction in this estimate of from a half million to a million bales would not be surprising. , Business is most active In , seven southeastern states and the middle states. The eastern states and New England are slightly below normal with the far west just about holding Its own. ' " Business should gradually become more settled and dependable and the next three months should witness an activity fully up to the average, but probably not equal to last year. ' In making comparisons it is well to re member that nearly all trade .records were exceeded either In 1909 or 1910 We cannot make such a tremendous Improvement each succeeding year, Conditions are stable and the un rest Is largely on the surface. - Much of it Is merely a reflection of the dull ness on the New York stock exchange. General business can Improve even though the stock market remains somewhat dull. I, J. E. Rankin, cashier of the above named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. ' ' t : . . J. E. RANKIN, Cashier. Subscribed and sworn to before me this Cth day of September, 1911. . 5 WALLACE B. DAVIS, Notary Public " My commission expires Aug. 10, 1913. ; Fifteen Pianos Sold i "It's HurryUp Time" he Hallet and Davis Piano Exhibit Sale Is Almost Over Fifteen Pianos Have Been Sold to Happy Homes Must All Be Sold in Next Two Days Come Now ' Terms to Suit Your Particular Case. V Come Quick-Don't Wait f You Expect to Buy a Piano Within Ten Years, You Can't Afford to Let This Opportunity Get By Open Till 9:30 Every Night No. 6 Battery Park Place. ' Many a Buttering Woman Drags herself painfully through her dally tasks, suffering from backache. headache, nervousness, loss of appe tite- and poor sleep, not knowing her Ills are due to kidney and bladder troubles. Foley Kidney Pills give quick relief from pain and ' misery and a prompt return to health and strength, r-fto woman who so suffers can afford to uverlojk Foley Kidney Pills. For sale at all druggists. Taft Will Do Nominated and Elected, Says Wilson. Denver, Colo., Sept 7. "There is no question about President Taft's re nomination aud re-election. It Is as certain as any future event can be.' This was the declaration made today by Secretary of Agriculture . Wilson who arrived to attend the formal opening today of the Stanley dam and Irrigation project. .The secretary de cllned to comment on the case of Dr. H. W. Wiley with the statement that "It is now in the hands of the president and I can say nothing at this time.'' Hay Fever, Arra and Summer Colds - Must be relieved quickly and Foley's Honey and Tar Compound will do It H. M. Stewnrt. 10S4 Wolfram SL Chicago, wrlt: "I have been great ly troulilfd curing the hot summer months wl'h J!v Fever and find thu I .-a : il I i 11 ALCOHOL 1 PER CCNT AgefarRtpartionErJ 5uTwanng meandRcgula UngdStomariisandiJowElsof i. Promotes Dieestionflrttfii ness and RratXantains nekhjr Opiuni.Marphine narMiaeraL! NOT NARCOTIC. , JtxJumf ADerfBeroedvfoTCbreflM- Hon . Sour StrjraacJi.Dlarrtm Worms jCoTrvulssTOSJCTma ness and Loss OF SIXER IfcSknle si$unrt of NEW YORK. ; 4 fckwranUed imderthertwd '1 . 4r J Exact Copy of Wrapper. For Infants and Children. The Kind Yoa Uavo Always Bought . Beaxs tlie c- Signature AU it' ' In Use For Over Thirty Years IJUulllil TMt nmu wmmi, am vew ertv. ' W Now take It from us," who have had years of factory experience, that you are losing valuable time putting off the purchase of a piano, again you don't have to take our word for It. If you w.It call quick and see that we ars doing thlngst We have sold four teen sample pianos to the best peo ple of the city, those who have been waiting for such an opportunity. Sev eral sold to the finest mulcians, and music teachers In the city. Those who know a bargain and a first-class piece of goods, those who can Judge tone and construction. They All say it Is the very finest lot of pianos ever brought to the city. Now we only have three pianos left out of eighteen and If you will find the shortest path to No. Battery Park place yoa will be convinced beyond a doubt that now is the time and this is the place to buy a piano less all the agents' profit, peddlers' commissions and many of the extrasthat are usually tacked on to the price. Now we always get knocked" by these agents everywhere we go because we want to- enter the Held of competition and they try to use every method to stop us, of course, and they always fat because our proposition Is a clean cut deal ev ery way. These pianos are all new, right from the factory and have not been placed on trial, rented, sold and re-possessed, and exposed in any way . to disease germs, and you get the piano at a saving from 1176.00 to $226.00 and on terms to suit your particular case. After this foundation is laid for fu ture business we expect to have a representative secure other sales at the regular price by showing these samples from time to time. . Hence the piano that we sell you must be a monument to. our company and fulfill the mission precisely, otherwise the exhibit would not be a success. . Now don't let any one throne your way, "bid fare" to the commission ' fiend and dear friend who gives yoa the advice to buy such and such a piano, because they have one ot that particular make. Ws haven't all the best pianos la the world, but we do have as good as money, brains and factory facilities can produce. Come now, don't wait, we most be going. - Open till 1:30 every night . No. Battery Park Place. SOUTHERN RAILWAY SCHEDV UK, EFFECTIVE tVHK 19, 1I1L. ' Schedule figures published aa Information and are not guaranteed. - Time. . - MJXJ ARRIVES FROM No.. I Lake Toxaway ... 1:11 p.m. No. No. I Lake Toxaway.. .11:11 a.m. No. I Savannah and Jack- ' sonvUle 1:11 Dm. No. 11 Washington Nsw . York, Norfolk and Richmond ... . ... I:4S p.m. No. It Cincinnati Louis ville, fit Louis and Memphis ... ... . 1:01 p.m. No. It Charleston Jk Co lumbia 1:11. p.m. No. II Murphy and Waynes- 111a. ... ... .... 1:11 p.m. Noj 10 Murphy and Waynes- vuie i:tt p.m. No. II Waynesvllls . 1:00 am. No. tl Ooldsbors and Ral eigh.... . . No. II Terrell and Mountain ... . .. No. IT Charleston Co lumbia.. T:ll P.m. wo. il Cincinnati Chi cago... .... T:40 p.m. No. 11 Raleigh Black DEPARTS FOR 4 Lake Toxaway.. ,, I:t0 am. No, ( Lake Toxaway ... 1:10 pan. No. 10 Savannah 4k Jack- 1 sonvtlle 4:11 p.m. No. 11 Cincinnati, Bt Louis, , . Memphis and Louis ville. ..... ..... 1:01 p.m. No. It Washington New , York. Norfolk and - Richmond... ... .. ..1:11 No. 14 Atlanta Charles- ton T:00 a.m. No. 17 Waynesvllls Uur- phy 1:10 ajB. No. If Waynesvllls aV Mar- ' phy .. 1:10 p.m. No. II Waynesvllls... ... T:ll p.m. Golds- . . .. 0:01 am. Black ' - 0:4$ p.m. No. II Wash., N. Y. and No. No. imvi . ... 1:10 am. No. 14 Terrell and ' Mountain... ., No. IT Cincinnati and . Chicago T:0 p.m. .10:11 a.m. No. II Columbia Charles ton.,. 10:11 am. Richmond 1:10 am. No. II Memphis Chatta- II Memphis A Chat- nooga... ... ...10:10 p.m. tanooga : aja. No. II Washington, Rlch- 41 Charleston, Macon mond A N. Trk T-ii am. . 'n Atlanta T:00 am. Ko. 41 Atlanta. Macon and No. 1-41 New Orleans ..10:10 am. New Orlean 1:10 p.m. No. 101 Bristol, Knoxvlllo No. 101 Bristol. Knorvllla and Chattanooga .10:11 p.m. and Chattanooga .. T:10 a.m. N. B. No coach passengers handled on 1-41, and train stops to charge passengers only. Through sleeping cars dally to and from New York, Phllaflolphla. r"l more, Wwhlngton, Richmond, Norfolk, Charleston 1), Cincinnati I. Memphis (1), Atlanta, Macon, Jacksonville, Bavannah, Bt. Louis. Lmiitvi Through sleeping cars to and from New Orleans via Atlsnta and L. K. Ry. arriving as 1-41 on Tuesdays, Thursdays and Saturdays, ru irui 1. leaving Asheville same dates. Through sleeping cars to and from New Orleans via ChetUnn. ; sol Queen and Crencent, arriving Wednesdays, Fridays and Bun u-, return ing Mondays, Wednesdays snd Fridays. Through chnlr car Aug'mia to Ahvine trains II an1 It. ' ThroiiKh chair cars CioltUboro and Vynvl;i, traina 11 sn1 11. Through sleeping ears Chsrlexton and V i !! ! .- it rti !. ) Thr..ui ri.mh dnify Cl-nrlti: to a -!.,.- ft . I i It. 1 1, 'r i if ' ,' ! o tn I . , ; , T , , R , i "'t '!;!" t ! r 1 r i j ( ' c. coxi:, ntvr,T r-rrn:":. l-y UK'g Fl'-y's i:.iri-y sol T-r Ci.m I""--I 1 r -t t
The Asheville Times (Asheville, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Sept. 7, 1911, edition 1
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