Newspapers / The News & Observer … / Dec. 5, 1902, edition 1 / Page 7
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THE GRAIN MARKET AT A HIGHER LEVEL Cotton Advances on Covering by the Shorts. ONE TO THREE POINTS UP Another Attempt by Speculators to put upStocks Tails —The Major Part of Dealing is Over at End of First Hour. (By the Associated Press.) New York, Dec. 4. —The general dry goods market ruled quiet today. The cotton goods’ division has not been af fected by the government report on the cotton crop. The demand is moderate throughout for both staples and fancies and prices are without change. Print cloths are dull but steady. NEW YORK COTTON. New York, Dec. 4.—The cotton market opened firm at an advance of 3 to 5 points. Subsequent business increased the improvement to 7 and 9 points. The advance was largely due to the cover, ing of short contracts, although there was a moderate amount of investment buying, following a better class of cables than had been looked for. The rise was further stimulated by continued bad weather accounts from the cotton belt, Texas reporting further rrost and rains elsewhere over extensive areas being a menace to the cotton grading. Growing attention is being given to the move ment of cotton which is held in check, the bears claim, by the scarcity of cars nnd the continuance of unfavorable weather. The outlook for the movement in the near future was towards moder ate figures, a fact which checked selling. The Now York stock, while steadily grow ing. is said to be controlled largely by exporters. The market was finally steady at a net rise of 1 to 3 points, the ad vance having been reduced by realizing in the afternoon. Total sales of fu .Hires were estimated at 100,000 bales. York- Dec. 4.—'otton futures open id firm. Cotton futures closed steady. Onen. Clox. December 8.26 8-27 January 8-2* F. *8 February 8 18 816 March 8.21 8.14 April 8 21 8.1« J May 8.23 821 June 8.2 l 8.20 July .... 8.22 August 8.07 8.08 September. Spot cotton closed quiet; middling ud arnfs 8.50; middling Gulf 8 75: sale* 7,1 bales- LIVERPOOL. Liverpool Dec. 4 4p. in.-Cooton Spot cotton was in fair demand; American mid dling fair 5.08: good middling 4./0: mid dling 4 48; low middling 4.36; good ordinary f linary 4.12. The sales of the dny 000 bales, es which 500 were for spec aud export, and included w ,BOO in. Recipts 23,000 bales, including .merican. as opened steady and closed vviet I d steady. can middlieg, g. o- c.; er . 4.4? er and January . . . . 4 45(34.14 ■ and February 4.43 •y and March . 4.n April. 4.41 Aurjflnmd May 4.*3 M. 44 May and June 4.4.,<t64.4i Sune and. July .. . . ... 4.43® Li. July ami August .. . .. .- 4.43(34.44 NEW ORLEANS COTTON. New Orleans, Dec. 4.—The spot cotton market today was fairly active. Quota tions unchanged. In the future market a very good volume of business was transacted. The principal influence were the cold weather throughout the belt and improvement in prices at Liverpool. The opening here was 4 to 5 points above yesterday’s clos ing and the several months were bid up some four points additional Immediately thereafter. Then there was a lull and values entered upon a series of fluctua tions that lasted well on to the close, at which time the board showed net gains of 1 to 4 points. New Orleans. La-Dec. 4 - Cotton futures closed steady. „ December 7.945&7.95 January 804®-8 f, 5 February 8 09@£.10 March 8.1338.14 April 8.11 (&8.17 May 8.17e/8-19 June 8183 8.19 July 8.213-8. '2 August - 8-04@8.06 September 7-81 RALEIGH SPOT COTTON MARKET. Receipts 2?2 bales. Receipts this day last year 1 'G bales Prices today ••• 7V.@s Prices this day last year 7« Receipts this season 9.986 Recipts last season 5,656 OTHER COTTON MARKETS POET. TONE. MID. j RECEIPTS. a yen to u quiet BMi 7 4-12 Norfolk steady 8% 3 041/ Baltimore u .miual Boston quiet 8 60 607 A llmingtou.... firm 7* 1,7f6 Philadelphia... steady 8.75 450 .avanuah quiet 7% 6532 lew Orleans... firm 7i5 10 18.970 ''"bile stead v 7% 101 jemphis quiet 8 1 224 a Qirusta. steady 8 3 10 (HO i harleston ( quiet 1\ 34>t Cincinnati qniet 8% 023 Louisville... .. firm 8* St. Louis... ... steaoy X 1-10 ‘>oo Houston qui, t 8j 6 ;«;y New York .... quiet 8 50 sie Pensacola ! Sabin Pass and ”... Port Arthur ! vranswlok ! it ‘" STOCKS AND BONDS. New York, Dec. 4.—There was another attempt to put up the prices of stocks this morning, but it failed and the mar ket 3oon weakened. Final prices were tousiderably lower than last night. The principal part of the day’s business on the exchange had been completed by tho end of the first hour, and there was no further activity until an active sell ing movement developed in the last hour and carried prices to the lowest of tho day. In the interval there were occa sional periods of absolute idleness on the floor of the exchange. Many of the most prominent stocks were not quoted at all from hour to hoar. The aggregate trans actions for the day dwindled still furth er from yesterday’s small total. The business was aim >st entirely in the hands of professional room traders, and many of the more cjnspicuous commission , houses had not is much as a thousand shares to execute in the market. The ! effort to advance prices was apparently based on the somewhat earlier tone which developed late in the call market yes terday, but the developments of the day precluded any hope of early ease in mon ey and prompted the traders to change their position. They then sold stocks to force a lower level of prices for the simple reason that they were unable to advance prices without meeting large sales to realize. The Sub-Treasury statement lor today shows that the banks have lost to that institution since last Friday over $5,000,000. This did not include the $1,000,000 withdrawn today for shipment to South America. This morning the Sub-Treasury was a creditor at the clear ing house for $416,981 on account of some heavy internal revenue collections. It will be seen therefore that the week’s decline in bank reserves probably will be between $6,000,000 and $7,000,000. The tone of the time money market which continues very firm, is convincing evi dence that no relaxation of the money market is expected before the turn of the year. The Bank of England retained its 4 per cent minimum discount rate this week and the private rate went lower in the London market, but the banks’ week ly statement discloses that the govern ment has disbursed over $9,000,000 of its deposits, which, together with the ship ping combine payment accounts for the present easier tendency in London. The advance in the market of refined sugar and in the price of copper both here and in London made Sugar and Amalgamated Copper comparatively firm. Fort Worth and Denver City stamped rose sharply on the prospect of an increased dividend disbursement in February. Re ports from trade authorities of a down ward tendency in the price of iron pro ducts and a holding back of orders on account of high cost was a rather de priving influence. Bonds were dull and easier in sympathy with stocks. Total sales (par value) 81,- 860,000. United States 3’s, registered, declined *4 per cent on the last call. Total sales of stocks today were 370,- 000 shares, including the following: Atchison 17,300; Baltimore and Ohio 6,- 000; Louisville and Nashville 10,600; Man hattan 38.300; Missouri Pacific 12,700; New York Central 1 1,800; Norfolk and Wes tern 3,600; Pennsylvania 23,600; Reading ?3,600; St. Paul 25,200; Southern Pacific 13,500; Southern Railway 5,500: Union Pacific 23,100; Amalgamated Copper 14,- 600; Brooklyn Rapid Transit 31,900; Su gar 9,800; U. S. Steel 7,200; Rook Island 7,700. STOCKS. Atchison 82% 4o pref 98V e*lt. & 0hi0.... 98% do pref 93 Janad’n Pacific 127% Can. Southert 75 Chesa. & ObJe .. 46 Chic. & Alton 33 do. pref 70V Chi. B. & Q. .. Chi..l. & L .... ; .. do pref Chi. & K. 111... 210 Chi. & G. W.... 25% do. A. pref. .. 84 do B. pref... 36>4 Chi. & N W.. 221 Kock Is-and 41% do. pref Chi. Ter.&T 17 do-pref 32 C.C C &8t.L.... 95% Col. Southern... 28*4 do. Ist pref .. 68 do 2d pref .... 42 V Del- & Hudion..*s9 Del., L. A W.. 245 Den. & RloG. .. 3^% do. pref 89V Erie 5 % do. Ist pref.... t 4% do 2d pref 45% Gt. Nor- prof...-185V Hock. Valley.... 97% do pref 94 V Illinois Cen 143% lowa Cen 28% do "ref 67 (*. E. * W 50 do pref.... 115 Louis. & Nash-.. 124% Manhattan L- ..148 Met- St. Ry 140% Mex. Cen 22% Nat. RTtofMex. 15V Minn- & St. L-..107V Mo- Pacific I'5J» H.. K. & T 25% do. pref 56% N. J. Central ...163 N. Y. Ceutrai 153% Norf- & West . 70% do. pref Vl% No. Pacific do. pref Ontario <te W.... 2 % Pennsylvania.. ,156 V Heading 59 do- Ist pref. .. 84V do’2d pref 73 V St. L- & S. F .... 72 do. Ist pref.... 80 do-2nd pref .. 70 St. L. 8. W 26% do. pr-f 61% St. Paul 174 d> prfl IVO Ssuth. Pac 6 % BONDS. j.B.Kef. 2’8ree..107% 8. 8. Ref. 2’acon ICB% U. B.3’sresr 107% “ coup If 8 (J. 8. new 4’s reg 135% “ coup 135% U. 8. old 4’s reg.loß% “ eonp 10 v% U. 8. s’s ree 103% “ coup 103% Atch’sn Gen. 4’s.lolsii M adj 4’s vl Balt. &0. 4’5...100% do 3 1-2’s. 94% d<> conv. 4'b..104% Gan. 80. 2nd5....1075ii C. of G. s’s 105% *• Ist incomes. 75 “2d incames 35% C, &0. 4%’5.... 104% C. & A. 3 1-2’5... 79% C.. B. &Q. 4'.8 . 95H CM&StP gen 4’5113 C- & N. con 7’s.. 134% C., R. I. & P. 4’b.105% CCC&BLgen4’s. 99 Chicago Ter. 4’s. P 6% Colo. 80. 4’g co% D &. R10G.4’5...100% E. prior lien 4’s. 97% Erie Gen 4’s 8 * P.W.&.D.C.lsts 109 NEW YORK MONEY. New York, Dec. 4 4p. m Money’ on call firm at .3 pe- cent; closing at3^@4 per cent; time money firm: to days 6 per ce '; 90(1 ys t per cent; six months 5%@.e per cent. I rin e mercantile pnper 6 per ceut; sterhng exchange steady with Jietunl* buM* ness in bai k*rs hills a t 4.87.tf@4.87 20 for demand a-d at 4.B3H''r/-k‘U. 6O f«» r 60 davs. Posted rates 4 84H aud 4.88 t’o nmerciai So. Railway .. 3134 do. pref 92 Texas & Pacific.. 41% Tol. St. L& W. 29 H do. pref 46 U. Pacific 9>V do. pref 91V Wabash 28 do. pref 43 Wheel. & L. K .. 23V do. 2nd pref... 33 Wis Central... 25V do. pref 50V P. C- CABt. L. ... KXBKESS *>o’B. Adams Express..2oo American Ex ...220 United States .128 Wells Fargo 210 MISCELLANtf Amnlg. Copper.. 56,% Am. C- & F 34V do, pref 89V Arner. L- 0 14 do- pref , 41 Am. Smel. & Ref 38V do. pref * 0 Am. Tobacco Ana. Min. C 0.... 86 Brooklyn R. T.. 64% Col V & 1r0n... 85 Consol Gas 211 Cont. Tobacco do. pref 116 Gen. Electric.... 178 Glucose Sugar . .. Hook. Coal 19% Interna l Paper. 17V do. pref 71V Int. Power 49 LaClede Gas Nat. Biscuit 45% Nat- Lead 26% Nat. Salt do. prof No. Arner 115 Pacific Coast.... 68 Pacific Mall 38V People’s Gas 100 V Pressed 8. Car.. 59V do. pref 92 Pull. Pal. Car.. 227 Rep. Steel 19V do- pref 77V Sugar 120 T. C. & Iron 56V U B. <fc P. C .... 12V do. pref 79 U. S-Leacuer.... 12 do pref 89 L. S Rubber.... 16 do. pref 56V U S. Steel 36 do. pref 83V Va. Ca Cheat Go 61V do. pref’d .. .124 « West. Union 87% Standard Oil 674 Hock. V. 4 1-25,107% L. N. nni. 4’s ~101% Mex. Cen. 4’5.,.. 78 dolstlnc.... 24% Minn. & St-L 4’5103% M. K. AT. 45.... 98^ ** 2nd’s 8i N. «r. C. lsts 102% do gen 3 1-2’. 106% N J. C. gen. 5’g..136% No. Pac. 4’s 103% *’ 3’s 72% N. &■ W cot. 4’5.100 Reading gen-4*B 96% 6t L <fc I Mton s’s 113% St. L.&B Fgen4’t>lo3 Bt.L-B’wes l’s.. 96)4 do 2’s 85 S. 4’s 86 80. Pac. 4’s 91 8o- Railway s’s .118 T. & P. lsts 118 T.,St.LAW.4’s.. 79 Union Pac- 4’5..1C4% do. conv. 4’5.105% Wabash lsts 115% “ 2nd* 108 ”do. Deb. 8.... 75% West Snore 4 5..H3% W A L, E. 4’5... 91 .♦is- Cen. 4’5.... 91V. Mobile &O. 4’s. 95 Con. Tob . 4’5... 63ft THE NEWS AND OBSERVED, ER I DAY MORNING, DEC, 5. 1902. bills 4.83@4 84; Bar silver 47%; Mexican dollars 37; Government bonds easier; State bonds .. . ; Railroad bonds easy. SEABOARD STOCKS AND BONDS. Baltimore. Dec. 4.-Seaboard Air Line common 26®26%; preferred 44®44%. Bonds—4’s, 83f<feS3V RALEIGH STOCK MARKET. (Corrected dally by Grimes & Vasa.) BONDS. Bid. Asked. North Carolina 6’s, 1919 130 North Carolina 4’s, 1919 — Virginia new 3’s 98 99 Virginia Centuries, 1901 99 99^4 Southern Railway s’s, 1994 ..118 ■— S. A. L. 4’s 84 85 Western N. C. R. R. 6’s, 1914.118 Ga., Car. & Northern s’s, 1929.112% Carolina Central Railway 4’s.— 100 Ga., So. & Fla. R. R., 1945....115 ' — STOCKS. Va.-Car. Chem., pref Va.-Car. Chem., com 62’/4 63 Seaboard Railway, pref 45 46 Seaboard Railway, com 26 27 Southern Railway, pref 91 92 Southern Railway, com 32’,& 33*6 Atlantic Coast Line, com 165 N. C. R. R. Co 171 175 GRAIN AND PROVISIONS. Chicago, Dec. 4. —Trading in wheat was extremely dull at times today, but. prices were toward a higher level, in the May option, closing 2l&c higher, while corn was up l-S®T-4 and oats l-8c better. Jan uary provisions showed a gain of from 17to 35c. Leading futures ranged ai touow* : |OPXNINe.|HIBHXBT. | LOWSBT OLO»’W». Doc!!!*.*!. :•’«•.(?7::v 73V 72V . 73V®73% May..,.. 7i%<67>%76 ,75v®75% 75?a Corn—| I) c 5’.V pV M 54V „ May .43H@43V4.3V 43% 43%@43H Oats— I Dee 30% 31H 30 V@3o% .10V @30% May.. 32V@32V32% 32 V Pork— | | I fan . . .10 Oc 10 31 'lO 00 16 35 May 1.1 20 11 40 15 20 15 40 Lard (an 9 67V 9 tO 5)07% 9 80 May . 8 512 V 9 02V 8 92% 9 02% kiba— Jan.... 8 27% 8 37% 8 27% 8 37% May 8 27% 8 10 8 10 8 -i.l Cash quotations were as rollows: Flour was steady: winter pateuts $3.50®, 3.60 straights $3.10@3.40; clears i $2.70@3.10; to. ,pring specials 4.20; spring patents »3.40@3.70; )o straights $?.90@3.2Q ir kers §2.25@2.75. Wheat —Nc. 2 spring 74; No. 3, oit@72V: No. *2 red. 7.1 V. Coro- No. ‘2 54,%; No. i yellow 50. Oats—No. 2‘ 31®31%; No. 2, white —; No. 3 wmte 30*(T/34. Rye-No. *2, 49; Barley—good feeding 35@38; fair to choice rnal iug 45@58; N», 1 uax seed 1J.14; No l aorthwesieru 91.10 Prime timothy seed #3.65. Mess pork per bbl. 10.62H@16.75. Lard, per 100 lbs., 1 '.05@10.70. Short ribs sides (loose) f8.7.1@j9.00. Dry-salted shoulders (boxed) 8.87 V 't’M.OO: &ho*t clear sides (boxed) 98.7u@9.00. Whiskey 91.32. Clover contract grade. *10.85. NEW YORK New York. Dec 3—Floor firmer, more active; Minnesota patents 93.90®>4.15: do. bakers 93.15@3.35; winter straights 93.60@3.90; winters patents |3.70@3.90: low erades #2.95@3.15. Rve Hour dull ; good s3.<h">@3.4o; enoice to fancy #3ls®. 3.40. Corn meai steady; yellow western #1.24; clt/,,; brandy wiue #3.45@3 55. Ryeduli; Ni 2, .e«»iere 58 Sta‘e 56. Barley easv; lending 39@1<) 51@51% Barley luult quiet western 65® 66. Vr,eai—./pot fi»m: No. 2, rod, 79%. Optio> s March .May 79%; October . , Dactmoer . I oof-Spot firm; No. 2. 64. Ootio-a-.t»n- ( u rv 54 February ; March 50%; Muy4Bv:' July 4.'; uecemtier 60V Ovts S, ot Arm; Ao 2 3c. Optious—May 37V : October ; December 37%. Beef quiet: family $15.50'?/18.00 mess slo@. 10.501 picket 911.00@16.00; t eef hams $20.50@21.50. Cut meats quiet; pickled belies 9i0V4@11%. piokt <1 >ho l.i-rs 8%; pickl d buns sllv@l2. L rd Arm; western steamed $1’.20. refined firm; South 11.40; compound 7%@7V. Pork steaiy; fairiiv I18.5fl@19.00; snort clear $21.00®23.00 mess $18.00@18.5b. Taliow dull; city per package O%@OV; coun try packages mse; 6''4@6%. Rosiu tir:i. ;s r .in«u com non to good, $1.75@ 1.77 Tuipeutme steady; at 53%@54 Rica firm; domestic, fair io extra 4>*@6%; fß"au 4V@4tg. Cottee —soot Kio quiet; No. 7 invoieee 5%; mild sternly; Coraova 7*@U2. sqgtr—-hw wasfirm; fair renning 37-16; cei trifugal, 96-test, 3 15-16; refined sugar fl in; lonfectiouer's A 4.70,m0u1d A 5.10, standard a 4.70; cut loaf 5.45; crushed 5.45 powdered 4.95; <rauulated 4.95; cubes 5.10. Molasses stea ty New Orleans, open kettle good to choice 33®41. Better firm; extra creamery £9: western creamery fresh 22% imitation creamery 14@18; factiry 10@18; Bt*»te dairy 20@27. Cheese firm; new S'a e. mil cream, fancy smalt colored, old. 13%(§i 13%: new. 12%; smai white, od, 13%@15%; new 12V. Eggs firm: average best 28@29: State aid Ponusvlvaui ■ 22@24 western, candle i. 21%@2.; rcfrigeiat d 19@21; southwestern. 16® 17. Potatoes easy /ersey 2.00@2.30; Ntate and western 1.75@2.00; Long Uiauu 1.75@2.05; south jersey sweets $2.U)@3.50. Peanuts quiet; tanoy n,»ua-picked do inestic 3 vSfc.3% Cabbages steady- r'omestie, per 100, wbi e, $1 25@2.25; red, $1.50®,2.50. Freights to Liverpool, ootton by steau er 12c; grrain Id. Cotton teed oil du 1 b .t firm! v h id. Prime crude oarrels f. o. b. mills, 28@28%; prime sum m;r yedow 36; otf summer veiiow 35%; prime whltt 39; orime winter yellow 40; prime meal $26.50;2,37 00 nomiun. BALTIMORE PROVISIONS. Baltimore. Dec. 3.—Flour dull; Winter extra 2.95@3.15: dn. ele ,i 3.35@3.45; do. «traigr,ts $3 45@3.60; patents 13.80® 4.00; &pri>ig 31ear 310® 330; spring straigbis 3.05@3.70; Sp ing patents 3.75@4.00. Wheat du 1; spot 74V@7’: December 74V@ 75", No. 2 red ; steamer No 2 red ; jjonthern wheat bv »«rap!e 66V@74%. Corn quiet; spot old 55%®55j% new 54%; the yea- 50; No. 2 mixed Southern white corn, new, 44%@54 Oats firn.; No. 2 white, new, 37@37%; No. 2 mixed, new, .75. Kv° easier, Nc. 2 nearby, 55%; No. 2 west ern 57 57% ■ Butter firm- fanr-v imitation 21@23; fancy creamery 29@ 9%: fonev ladle, store packed . . Eggs firm, fresh ‘.6®27. Cheese firm: large 13%@13%; medium 13@13%; small li%@l3V. Sugar Arm; Ane and coarse granulated 4.91%. NAVAL STORES. Wilminoton, N. C. Dec. 4.-Tupentine steady at 50M; receipts 32 casks. Rosin firm at 5i.30@>.35; receipts 17. Crude, firm at $17t@3,00; receipts 51 bar rels. Tar firm at $1 50: receipts 155. Savannah. Ga. Dec. 4 Turpentine firm at 50%; receipts 86j; sales 754; ex | ports 42. Rosin firm; receipts 2,194; sales 89-; exports 2s 0- j Quote A, B, C, 51.40; D. $1.40; £. 1 $. 45; F. $1.50; G. 51.60; H. $18u; I, 2 05; K. 5i.55; M. S 3 00; N, $3 50; WO, 53.75; WW *4.15. Charleston, S- C., Dec- 4.-Spirits tur-' pentine firm at tOH; receipts ..; sales 150; exports | Kosin firm receipts . .. .; sales 300; ex ports ... | Quote A, B. c, D, E 51.35; I', 5t.35; G. *155; H, $1 35; I. S2XO; K. s2.yo; M. $3.00; N, $3 50; WO 3-75: WWS4.IS. Barbee & Co.’s Cotton Letter (Special to News and Observer.) New York, Dec. 4. —Following the ex citement of yesterday there was one of the dullest markets we have hail this fall j today. A few minutes after the opening March sold at 8.25, and during the great- 1 er part of the day the price was varied a point, from this figure. Above 8.25 there was cotton for sale and below 8.25 cotton ( wanted. On the one hand bad weather. t , light, receipts and short covering sus .tained prices. On the other, the large estimate from Washington and the pre vailing belief in a crop of eleven million i uis kept the trade from buying very ’ much - The most important development of the day was the buying by those who sold before the bureau report. Thousands ot bales of March and May were taken during the early dealings, broket •fa sup posed to operate for the bull crowd tak ing most of the cotton. The same bro kers were the sellers on Monday and Tuesday. Many were surprised at the re covery in the market following the break to 8.05 and the large government figures , yesterday. Present factors are on the whole, more favorable to prices than otherwise. Bad weather, no movement of cotton and more or loss uncertainty over the December and January position here in New York, all operate in favor of prices. But when the size of the crop is considered, or what is believed to be the size of the crop, the present price is really a good one. A year or two ago ; no one would have believed possible Jon a crop of 11,000.000 bales. The former crop of that size found 6c prices. Os j course trade conditions, consumption of : cotton, world’s finances and everything of that kind shows up differently .today. As to change crop views, we would rather sell cotton on every bulge over SMi’ than to buy at present prices. Cotton futures ranged as follows: Open. Hieh. Low. close- January s.ko 8 31 8.28 8.28 February 8.19 8.:2 8.16 8.16 March 8.12 8.26 8.1« 819 , April 8.22 8.22 8.19 8.19 May *.23 8.27 8.21 8.?1 June 821 8. 6 8.20 820 [ Jnly 8.23 8.?8 8. >2 8.72 (August 8.'7 8.12 8. n 7 801 j December ....m. 8.30 8..3* 8.27 8.27 ! The market closed steady. BARBEE & CO. Tarrant & King’s Cotton Letter. (Special to the News and Observer.) New York. Dec. 4.—There was a fur ther recovery in cotton this morning on moderate receipts, continued bad weather and covering by shorts. The movement this week is expected to fall behind last year from 30,000 to 50,000 bales and the extremely cold weather throughout the South is operating in favor of higher prices. As we predicted the govern ( ment’s estimate was a trifle over 10.4 and while the average trader believes this is too small, we do not, as the re cent investigation into the department’s ■methods has put them on their mettle and they will probably this year repeat their splendid achievements of the sea sons of 1889-90 and 1890-91 Our correspondent from Gainesville, Texas, wires: “Fnow and freezing all aver the Ftate. Receipts light. Expect advance.” TARRANT & KING, 68 Broad Street. H. & B. Beer’s Market Letter. ! I ___________ ! (Special to News and Observer.) | New Orleans, La., Dec. 4. —Notwith- standing early Liverpool advices were not encouraging, our market opened 5 I points higher on reports of snow in northern Texas and the valley States, and improved 3 to 5 points on the later , improvement there. Subsequently ad vices were rceived from Texas that the weather was clear and cold and the pre diction was that it woulu bexgenerally fair and warmer in that State during the next 36 hours. This and the apathetic demand for spots occasioned a break of 7 to 8 points from the top, making the net gain only 1 to 2 points on the day. Referring to the bureau’s indicated crop estimate ol 10,600,000, the fact that the statistician’s calculations is predicted on a net average weight of 400.7 pounds per bale has been overlooked by the trude. Last year he estimated the net average weight at 468.5 pounds per bale or 12 pounds less than the actual net average weight which is 480 pounds and this year he overestimates it about 11 pounds. Consequenty taking the figures givtn by him and working them out on the actual average weight of 480 pounds per bale, it makes an addition of 233,000 bales, or an indicated crop of 10,833,000, according to the bureau. This is an im portant feature about the report. The amount brought into sight this week looks like it will aggregate about 400,000, against 477,000 last year, or 77,000 bales less. The visible supply and interior | movement will also be bullish yet. The 1 recent sharp advance was on the antici pation of bullish weekly statistics and the chances are the movement will continue light until the car famine, existing through the South, is relieved. Every one knows there are heavy accumulations of cotton in the interior waiting ship ment and the light receipts are no in dication of the size of the crop. With a sufficiency of cars we are informed the movement would be heavy. Sentiment . continues bullish, but unless spinners soon become active buyers of spots it is doubtful whether present values can be sustained. The Newburger Cotton Com pany of Granada, Miss, late this after noon issued an estimate of 11,775,000 bales for this year’s growth. H. & B. BEER. Most any woman would rather be locked up in an insane asylum than an institu i tion for the dumb. i Hugh M acßae & Co | BANKERS. Miscellaneous Southern Securities, 1 Cotton Mill Stocks A fPBCIALTY. WILMINGTON. N. O. Clocks, Cotton, Grain and Provisions. Small accounts receive the same careful attention as large ones. All inquiries promptly and cheerfully | answered. TARRANT & KING -18 Hroad Street, Morris Building, NEW YORK. Tobacco Chat. The American Cigar Company is to raise the wages of the women employed in their factories. Probably they are going to divide what they are making off the farmer in cutting the price of tobacco with the operatives. It is safe to say, however, that it will not be a fair division. —Greensboro Record. A large crop was raised this year and a good price paid for it. Since the com bining of the Imperial and American Companies it is hardly possible that such high prices will be obtained if a big crop is raised next year, but we hardly think it probable that the price will be much, if any lower, next year, than at present. We don’t think the farmer need fear but what they always will get a living price for their tobacco, though there is no dou~*. but that the combination of the two big trusts is against them. —Kinston Free Press. For Croup use CHENEY’S EXPECTORANT. ESTABLISHED IN 1872. HENRY BEER. BERTRAND BEER, EDGAR H. BRIGHT. H. & B. BEER, Cotton Merchants. NEW ORLEANS. MEMBERS OF: New Orleans Cotton xcbange, New York Cotton Exchange, and Associate Members Liverpool Cotton Association. Special attention given to the execution of contracts for future delivery lncotton. “Leßoy Davidson Promoter and Dealer in Investments. Securities, Offices: Room 118, f>o Broadway New ork, and Charlotte, N. C. Money advanced on valu able plants and well locat ed business properties.” Jacob Berry & Co■ MVMuifuß l Consolidated Stock Exchange MEMBERS j N y Produce Exchange. Stocks, Bonds, Crain Cotton. E3tabllshed 1865, 44 Broadway, Nevr York, I 0» Main St.. Durham, N. C. Phlla. Office, Drexel Building, Telephone No. 7. Send for market etters and pamphlet. Prompt servic* on all busi ness. MORTGAGE SALE OF LAND. By virtue of a mortgage Executed by I. W\ Jones and T. B. Jones, his wife, bearing date November Ist, 1887, and recorded in the Regis ter’s office of Wake county, N. C., in book 176, page 31, November 21st, 1902. I will on Monday, December 29th, 1902, at. the Court House door, in the city of Raleigh, at 12 o’clock m., sell to the highest bidder for cash, the lands therein described, adjoining the lands of D. A. Ray, L. F. Harrison and others, con taining twenty acres known as the Nancey Sykes place, and the land in herited by said I. W. Jones from his father, I. B. Jones. JOHN M. CRENSHAW, Mortgagee. Wake Forest, N. C., Nov. 2Gth, 1902. 11-28-1 mo. Atlantic Coast Line ft. it CONDENSED SCHEDULE TRAINS GOING SOUTH. DATED «* t- „ De«. ttndl, MCI. | 6 =• oS | ZP< ZQ ZQtx 2C ZC IA.M.IP. M.jP. M. A.M.|P. M Leaw Weldon 11l 601 0 38 ir. Rocky Mt 1 00 10 82 |P. M. | Leave Taroro |l2 22| | 7 22| |..... Lv. Rocky Mt 1 00 10 02 7 62 6 45 12 6) Leave Wilaon J. 50 11 10 8 31 6 28 2 * Leave Seim? 2 55 11 50 Lv. Fayetteville 4 30 1 12 Vr. Florence ........ 7 85 3 15 |P. M. A.M. At. Goldaboro ..... 0 *o I Lv. Goldaboro 7 80| V 18 Lv. Magnolia 8 37 j 4 2* ir. Wilmington 10 10| 8 Ot P MJA.M.|P. M TRAINS GOING NORTH. laTm.l ip. mj \~ , g.l , I . * tA o'3 6'3 £ o'2 o*3 ; d"3 Z C * Ain! ZP ZQ ZP Lv Florence 10 05 805 .. Lv. Fayetteville .... 12 40 10 09 Leave Selma 2 10 11 25 Arrive Wilaon 2 67 12 07 A.M.I P. M.|A.M Lv. Wilmington 7 00 0 31. Lv. Magnolia 8 30 11 Ot Lv. Goldaboro 7 86 9 37 12 2« IP. M.l IA.M.IP. M.JP. M Leave Wilaon I 2 861 8 20111 34110 451 1 18 Ir. Rocky Mt | 3 30] 9 00]l2 \o|ll 231 1 ft Arrive Tarboro 9 34 Leave Tarboro 2 3lf lv. Rocky Mt I 8 50* 112 431 1.... Ar. Weldon 1 4 63| | 1 37] |.... Yadkin Envision Main Line —Train leaves Wil mington, 9:10 a. m., arrives Fayetteville 12:2U p an., lea vet Fayetteville 12:42 p. in., arrives su ford 1:58 p. m. Returning leaves Sar>*ord p. m., arrive Fayetteville 4:20 p. m., leave. Fay etteville 4:30 p. m., arrives Wilmington <> p. m. Bennettsville Branch—Train leaves Bennetfc-vUI. 1:10 a. m., Maxton 9:05 a. m.. Red Spriaga 0:3) a. m., Parkton 10:41 a. in., Hope Mills 10:55 a n., arrive Fayetteville 4:45 p. in., Hope Mill* s:o* p. m. Red Springs 5:43 p. m., Maxton 6:16 p ax., arrives Bennettsville 7:15 p. m. Connections at Fayetteville with train No. 7f it Maxton with Carolina Central Railroad, a* Red Springs with the Red Springs and Bo win or* Railroad, at Sanford with the Seaboard Air Lm« ind Southern Railway, at Gulf with Durham an* Charlotte Railroad. Train No. 78 makes close connection at Weldt* ar all points North daily all rail via Richmond H. M. EMERSON, General Passenger Agew> *. A KENLY, General Manager. 1. M. EMERSON, Tratfia Manager. GREATER ADVANTAGES THAN EVER ® Offered to Agents and Insurers by the MUTUAL verm use CO. OFPHILA.. 1 It having adopted a 3 per cent Reserve basis, thereby guaranteeing the largest Cash Surrender, Loan, Paid Up and Extension Values. This and the PENN’S moreUiberal policies and dividends, furnish absolu se curity at the lowest, possible cost, Send tor liter ature. Desirable contracts to desirable Agents- R. B, RANEY, Gen. Agt. for N. C., Raleigh, N. C. CAROLINA TRUST COMPANY, RALEIGH, N. C, Capital, $ 100,000. out of s Business GENERAL BANKING—Money received bn deposit, subject to chock. SAVINGS BANKlNG—lnterest paid on deposits. TRUSTS.—Acts as Executor, Administrator, Guardian, Assignee, Receiver, Broker, Agent, Trustee. Assumes the management of entire Estates; also property for the use and benefit ot others. FINANCIAL AGENT for floating Stocks and Bonds of Corporations. Especial and separate arrangements and conveniences for gentlemen and lady customers. OFFICERS. —W. \V. Mills, President: I/eo. D. Heartt, Vice-President and General Manager; Robert. C. Strong, Trust Officer and General Counsel: William llayes. Cashier. DIRECTORS.—James Webb, .J D.Uiggan, Charles I'. Hart, Alexander Webb, Julius Lewis, Leo. I>. Heartt, F. T. Ward, VV. \V. Mills, Allen J. Ruffin, W. C. Petty, P. It. Albright and Robert C Strong. Offices in Carolina Trust Building, Raleigh, N. C. Correspondence Solicited. Barbee & Company, RALEIGH. DURHAM. Members New York Cotton Excnange. Stocks, Cotton, Grain and Provisions. Private wires to New York and Chicago. Instantaneous quotations. All transactions made direct with Exchange. Market information cheerfully given by ’Phone, wire or mall. Inter-state and Bell ’Phones No. 67. IT’S NO TRICK. to decorate your home artistically & W/ and economically, if you leave the matter to us. You can easily select tasteful and refined materials here. If you are thinking of renovating a or remodeling the interior of your /'! home before the New Year, we shall Sfc/ ’ he glaJ sive you estimates on f/ j j nBAi We can go through our stock with »l\ wSWaiilarai you and help you choose the right Q Kx) B&SPBKe paperings and decorative materiaa. I ur experience and facilities are yours 0 % You’ll find the cost surprisingly I |||j| Weathers & Utley. WILLGOONYOURBOND^^ American Bonding Company of Baltimore. ASSETS OVER 62,100,00® BUSIN JBSB CONFINED TO BURIITY BOND*. Accepted a# »ole gocurity by U. 8. Government and the State and Counties •I North Carolina. SOLICITS THE BONDS OF Federal Officers, Administrators, Executors, etc., Bunk, Corporation and railroad officers, Guardians, Receivers and Assignees, Deputy Collectors, (.augers, etc.. Cotton and Tobacco Buyers, Insurance and Fertilizer Agents, Contractors and Builders. Postmasters, Letter Carriersh, etc. Tobacco uud Cigar Manufacturers, And all persons occupying positions of trust and responsibility. Reasonable rates and prompt attention to correspondence. RELIABLE AGENTS WANTED In all county seats and important towns in which we are not at present represented. Address, R. B. RANEY, General Agent, Raleigh, N. C. 1 SEKI PAStTpWNTS AND 1 1 READY MIXED PAINTS I Arejhe Best Paints Made. Manufactured by ! TANNER PAINT AND OIL CO., I P. O. Box 180 Richmond, Va. mmaetmamm PUBLIC OPINION S YDNOR * HUNDLEY, for value* true, are unsurpassed the city throug H "Y ielding to none, for styles new, the choicest Furniture, alts for yo XT D Br»ble and elegant, ornate or plain, such Suites elsewhere we seek in vai N N Oted for UFHOLSTERY, hero wo find a grand selection of every kin D 0 ornamental DRAPERIES, It is known well. In perfect taste, they do exoo Xi lght at 711 E. Broad St., of MIRRORS A PICTURES, the stock’s complet E for Beauty and Quality we can rely on all SYDNOR k HUNDLEY d# auppl This Great Store is 709-7*i-7<3 E. Broad St., Richmond, Va, I THOS- H. BRIGGS & SONS J XALSIGH, N. C. B t SHEET IRON STOVES, | I COAL STOVES, I COOK STOVES AND RANGES. I 7
The News & Observer (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 5, 1902, edition 1
7
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