PRICES MELT LIKE
FROST BENEATH SON
Warm Last Half Hour in the
Stock Market.
WARNING TO GAMBLERS
The Bank Pool Formed for Loaning Money Wi I
not Allow its Plans to bs Disarranged
by Injudicious Specu
lation.
(By the Associated Press.)
New York. Dec. 1C. —There has not
been any further reduction in bleached
cottons today. The new prices have
brought out an active demand and there
may be a recovery in them before long.
Print cloths quiet and unchanged. Ex
port bnying of heavy brown cottons con
tinues inactive, but more inquiries on
China account are noted.
NEW YORK COTTON.
New York, Dec. 16.—The cotton market
opened steady at unchanged prices to an
advance of 3 points, and, for a time, ruled
decidedly strong and very active. At
the best point prices showed a rise of 3
to 13 points. The gain was chiefly on
December and January. These positions
were in demand by shorts and by cer
tain spot houses. In connection with
the 13 point rise in December and Jan
uary, at one time apparent, it was claim
ed that certain deals had been put
through by the principal long and short
interests. After January had sold as high
as S.f>9 this position sold off to 8.54, but
while December sold as high as 8.57, the
closing price was 5.56, with the spot mar
kets of the country to 1-1 C
higher and said to be supported by de
mand from spinners and exporters inde
pendently of speculative influences, on
the ground that the movement was a dis
appointing one still, leaving it to be seen
whether receipts are to increase in the
near future as predicted. The indications
of larger receipts at New Orleans be
came the signal for selling, the more re
mote positions, whereupon liquidation
became quite general. The weakness in
the stock market had a tendency to de
press prices. The market finally was
steady at a net rise of 12 to a net de
cline of S points. Total sales, futures,
estimated at 250,000 bales.
v York. Dec. 16 —Cotton futures op en
. d steady- , . . ,
Cotton futures closed steady.
Open. Clos.
December
January «
February «•-«
March *.35
Anvil ......... ...... .... 3*36 8' 3
May 8 39 834
June.’ 8.34 8.34
July ..••• ►.4w R.
Aueust 8.25 8.?0
fe«*ptember £-CH Bu 3
Spot colton closed quiet; middling uo
auds 8.70; middling Gulf 8-95: sale* 500
bales.
LIVERPOOL.
Liverpool, Dec. 16 4p. m-—Cooton- Spot
cotton in fnir demrnd; American mid
dling fair 5.20; good middling 4. 2: mid
dling 4 58: low middli'’e4.4o; good ordinary
.32; ordinary 4..: . The sa'es of the day
were 10,000 bales, of which 1,000 were for
si.rfcillation and export, and included 8.500
American, ltecipts 37,000 bales, including
24,700 American. , , , .
*•11 Mires opened firm and closed barely
iten iy.
American middlieg. g- o. c-:
December • , !!?- ' 5 '
December and January 4 52
January and February ••• 4 52
February and March 4.5 w
Mar ii and April 4
April and May 4.52
May and June 4.53
Sune and July ••• 4._3
July aud August •••• 4.53
NEW ORLEANS COTTON.
New Orleans, Dec. 16. —In the spot
.cotton m|*-ket the demand which Is
fairly free, has broadened considerably
of late. Quotations unchanged.
In futures the transactions were light,
being confined largely to January, March
and May. The first call showed a drop
of 2 to 3 points. Thereafter prices fluc
tuated quietly over a range of 2 to 3
points in either direction with just a
shade of trading toward a lower level,
and at the close the board showed net
losses of 3 points on December and 6 to
7 points on the other months.
New Orleans, La. Dec. 16 - Cotton futures
closed steady.
December 8.14(24.16
January 8.16@- u . 20
February. 8-20@8.22
March ... ....... g.26@8.27
April 8.30&8.3?
May 83?" 8.35
June . 8- iS@B.4O
July,. .... 8.41@8.43
.August 8 17
September
RALEIGH SPOT COTTON MARKET.
Receipts 95 bales.
Receipts this day last year 13.: bales
Prices today 7i*@s 2-lt
Prices this day last year 714
Receipts this season 11,010
Recipts last season 6.603
OTHER COTTON MARKETS.
PORT. TOHB. mid. I RECEIPTS.
aiyr-Htoo 6 in 8 5-10 10 180
Worfclk.. steady BV g 4.77 8
Baltimore nominal 8?$ 852
sostin.. firm 8 0S 467
* Arrington.... firm 8 2,038
bliadeipbia... Ann 8.95 13
ayannah .... steady 8 1-10 i 8 00*.)
ew Orleans.... steady 8 3-16 11.050
st»*ady 8 1,312
leoiphi* ..... quiet 85s 4 000
aogusta hnn B*g 1,861
* bafleston steady 8 1-10 5n
(lucinnaU , firm 84 290
Louisville firm 8%
St. Louis... ... st ad » 8* lUO
Houston steady 8 5-16 11237
New York .... quiet 870 | 387
Pensaeola ! ....
Sabin Pats aud ....
Port Arthur 1
Prantwick . .. 1 .. •
NEW YORK MONEY.
New York, Dec. 16 4p. m- Money on call
steady at 4@6* per cent; closing offered at
4 per cent. Time money easier 6 per cent;
60 days a per cent; 90 days 8 per ceut; »ix
mouths 6 per cent. Prime mercantile paper
h per cent; sterling exchange heavy with
actual business in bankers bills at 4.86*
<•'4.eo* tor demand and at 4.83%® l-83v».
for 60 days. Posted rates 4.84* aud 4.88:
* ommercial bills 4.82-.@483; Bar silver
Mexican dollars 37k: Government
bonds a sier. State bonds irregular; Rail
load boudsfirm.
GRAIN AND PROVISIONS.
Chicago, Dec. 16.—Lower prices pre
vailed today in grains on the Board of
Trade, with May wheat closing %@%c
lower; May corn a shade lower, and May
oats off %@%c. January provisions were
unchanged to 5c lower.
Leading futures ranyeu as follows ;
lOFBNIKU. BIOHSST. I LOWEST. OLOE'RU.
Wheat. :
Dec
May 75*@75* 7?*g@77k 76% 77*@77%
Corn—
I) c 55 55 52Vi 53
May 43* 4'J*@43?* 43*® 43%
Oats— I I
Dec .'si* 31* 31* 31*
May... '33 @33* 33* 32 2k 32*
Pork— | |
fan ... 10 77* 16 80 116 07* 10 07*
May. 15 7i* 15 80 'ls 02* 15 65
Lard
lau 9 75 9 77 * 9 72 * 9 72*
Mhy U !• 25 9 12 * 9 12*
kibs—
Jan.... 845 8 47* 840 840
May.• „.. 8 37* 8 27* BjW 8 3,1
Cash quotations were as follows:
Flour was st«doy: winter patents $3.50®
3.00 straights $3,106*3.40: Clears #Z.7U@3.IU; 10.
ipnng specials 4.20; spring patents
Jo. straight* $2.90@3.‘20 bikers »2.25@>2.75.
Wlirat— No. 2 spring 74@70, No. 3 71@71%:
No. 2 red, 7i**("7sM- Lorn—No. 2 52j|; No. t
yellow 54*. Oats—No. 2, 31*; No. 2, wuile.. ;
No. 3 white 31 *@32*. Rye—No. 2, 49;
Barley—good feeding 37@41; fair to choice
mal iug 45@5f<; No. 1 nax seed 11.17; No. 1
north western *1.25. Prime timothy seed |3.65.
Mess pork per bbl. 17.00. Lard. per 100
lbs. 10.20@10 27*. Short ribs sides (loose) $8.50
@8.75. Dry-saited shoulders (boxed) 8-25@?.50;
short clear sides (boxed) $8.75@9.00. Wtur
key $1.32. Clover contract grace. $10.75.
NPW YORK
New York. Dec 16—Flour quiet but easer:
Minnesota patents $4.00@4.20; do. bakers
$3.15@3.35; waiter straights $3.00@3.90; winters
pateuti- $3.(4J@i3.00: low grades $2.95@3.15.
Rye flour steady; food $3.11)@3.40; jnoice to fancy
$315@3.40.
Corn meal do 1; yellow western sl/1; city..;
brandy wine $3.45@,3 55.
Rye steady; lu 2. ..estere 50 Sta‘e 56.
Bariey steady; feeding 39@40. lualLu, 51@51*
Barley malt dull; western es@oo.
Whea —'pot eosy: No. 2, red, 825*. Options
March . ; May 81%; July 78J£; October . ;
Lie»:* in er 83*
Corn—Spot quiet; No. 2. 04 Options—Jan
urv 55*. Fibruary . ; Match 52*; May ;
Ju y 47;5; December 01
O t* s ot . ui.; no 2 37*. Options—May
October—; December 38*.
Bern dul : ’amitv tl6.Uo@lß.uo mess $10@11.00;
pack e* $14.00@10.00; beef hams $20.50®22.00.
Cut mats us> ; 1 ickled bellies s9@9*,
pick Id «lu id, is B*@B*; pickl d hams sll*
@lls*.
Lard essy; westerm steamed $10.80: refined
easy; south America 11.50; the Lontiueut
11.u>; compound 7*@7*.
Pork Meai'y; fan Uy a15.0U@18.25; snort cle .r
12J.0C@23.00 mess $18.00@18.5U
Taiiow steudy, city per pacuage o*@6*; coun
try packages lice* o*@o*.
Rosin stj.U) ; s;ramed common to od, $1.82*
@1.85.
turpentine firm; at sik@ssasked.
Rice firm; domestic, fair to extra 4*@6*;
Japan 4*@4%.
Cotfee —spot Kio quiet; No. 7 invoicce s*;
mild qoi t; Cordova 7*@l2.
Sue*r—raw was steady, tair reflning 3 7 10;
centrifugal, 90-test, 3 15-10; refineu sugar quiet;
confectioner's A 4.80; mould A 5.20, standard \
4.80; cut loaf 5.55; crushed 5.55 powdered 5.05:
granulated 4.95; cubes 5.20.
Molasses firm New wrJei ns, open kettle
eood to choice, 30@40.
Butter steady, e.xtia creamery 3>: western
creamery, tresh 22* imitation creamery 14@18;
factory 16@48; BUte dairy 20@2S.
Cheese nrm; new Sta'C, lull cream, fan y
small colored, old. 13*(5; 1331 • ntw. 12*; s;uai
wblte, old, 13*@13&; new 12*.
Eggs Brin: average best 28(3.29: State and
Pennsylvania 22@24 western, candle I. 21*@2.;
refrigerated 19@2i; southwestern. 10@il7.
Potatoes easy: jersey 1.75@2.05; Bta’e and
western 1.50@2.00; Long lslauu 2.C0@2.30;
couth jersey sweets $2.50@4.00.
i eanuts quiet; fancy Uauu-picked 4%@4%,; do
raestic3*ca4*
Cabbages steady: domestic, per 100, white,
$1.50@3.50; led, $1.50@3.50.
Freights to Liverpool; ootton by steamer 12c;
grrain Id. ,
Cotton seed oil du I h t. flrmlv held. Prime crude
barrels f. o. b. mills, :«J bid; prune sura
mjr yellow 37@38; off summer yellow 36@38;
prime wnite 41@42; onme winter yellow 42;
prime meal $27.00*27.50 nomiml.
BALTIMORE PROVISIONS
Baltinorb. Dec. K— Hlonr staa'y: Winter
extra 2.95@4.15; do cl« ars3 35@3.45; do. straights
$3 45@3.60; patents 3.80C«.4..0U; spri-ig o'ear 3.r5@
3.45; spring straight t3.70®3..85; Spring patents
3.9U@4.40. _
Wheat dull; sr ot 75*@75*t Decern >er it*@
75*; January 70*@76?i; No. 2 red -; steamer
No 2 r ed ; Southern wheat bv sample
"corn 'vea v ' s P°t old 53053*; new 52*; the
year s>*@s2*: No. 2 mixed Janua.y 50*
@tu*; Fe ruary 49*@(9*; May 17; Southern
wliit: corn, new 4t@.i3 , 1.
Oats firmer; No. 2 white, new, 39@39*;
mixed, new, 3.". „ n
Rye firm. No. 2 nearby, so*@so*; No. 2 west
elUutter" firm- fancy imitation 22@23; fancy
creamerv 30®31; fanov ladle 2U@22; fancy
roil 19020; good roll 17@18; store packed lii@lß
firm* rpwßh *6.
Cheese strong; large 13*@ll ; medium 13@13‘ b ;
sniiill 140,14*. . .
Sugar steady, One and otarse granulated 4.91*.
STOCKS AND BONDS.
New York. Dec. 16—There was an ex
traordinary melting away of prices in
the last half hour of today's market,
following a marking up of quotations
during all the previous portion of the
session. Shortly before 2:30 o clock they
were at the highest of the day and net
gains of 2 points or over, had been at
tained by leading stocks here and there
in all the principal groups such a s
Peunsylvania, Southern Pacific, Missouri
I’acific. St. Paul, Rock Island, preferred.
Delaware and Hudson and Sugar. In the
last half hour. St. Paul dropped abrupt
ly 3% and some of the other stocks were
carried swiftly downward. The inter
pretation of the movement was believed
to be that the powerful interests in the
financial world, which announced their
organization yesterday for the protec
tion of the money market, desired to
convey a warning that they had no in
tention to allow these plans to be in
terfered with by injudicious speculation
at this time. There was more or less
realizing before the close by the profes
sional traders, who bought in yesterday s
market early this morning. Previous to
the final slump the course of prices was
quite prosperously upwards. There were
reports of assurances received by the
State Department regarding the inten
tions of Great Britain and Germanv in
Venezuela, which served to cause a bet
ter sentiment on that subject, hut the
principal influence in the rise was reas
suring effect of the formation of the
bankers’ pool providing $50,000,000 for use
in a possible money market emergency.
The effect was to relieve the stock
market from the pressure of liquidation.
Offerings became so light in fact that it
was found easy to bid up prices on very
light purchases. This was notably the
case amongst some inactive stocks, of
which the floating supply is always
light, especially in the Vanderbilt group.
There was some surprise expressed, how
ever, over the extent of the protective
measures taken by the banks. There
was much surmise as to a possible real
need for these measures, which has not
been disclosed and a disposition to con
sider that the existence of such a need
was indicated by the formation of the
pool. While it was recognized that no
part of this fund would be likely to find
its way directly into the stock market,
it was considered probable that further
withdrawals of loans from the stock
market would be avoided, owing to the
unfavorable effect on sentiment, which
the heavy stock liquidation has caused.
Call loan rates did not get above 6% per
cent todav -and ran off to below five per
cent when the priacipal demands had
been met. The time money market also
was called easier in tone, although not
quotably changed.
The stock market closed distinctively
weak.
Bonds became firm in sympathy with
THE NKWB AND OBSERVER; WEDNESDAY MORNING; DEC. 17. 1902;
stocks, but yielded at the last. Total
sales (par value) $2,505,000.
L'uited States new 4'a declined Vt P er
cent on the last call.
Sales of stocks were G36,5()0 shares, in
cluding Atchison 38,700; Baltimore and
Ohio 31,000; Canadian Pacific 8,000; Chi
cago anil Great Western 6,400; Erie 23,-
200; Louisville and Nashville 6,800; Man
hattan 12,600; Missouri Pacific 30,300;
New York Central 8,700; Pennsylvania
32,900; Reading 64.900; St. Paul 54,600;
Southern Pacific 38,100; Southern Rail
way 11,45#; Texas and Pacific 5,200; Union
Pacific 55,700; Amalgamated Copper 16,-
500; Brooklyn Rapid Transit 9,300;
Sugar 24,000: United States Steel 35,800;
United States Steel, preferred, 13,200;
Rock Island 15,200; Rock Island, pre
ferred, 8,400.
BTOCK3.
So. Railway .. 30*
do. pref SO*
Texas* Pacific.. 38*
Tol. St. L&W-. 26*
do- pref 45*
U-Pacific 95*
do. pref 91
Wabash 25*
do. pref 39*
Wheel. & L E .. 22*
do. 2nd pref... 32
Wls Central.... 23*
do- pref 49
P. C- C & St. L
KXFKXSS CO’S.
Adams Express..2oo
American Ex.... 215
United States. .120
Wells Fargo 210
Amalg. Copper.. 55*
Am. C- & F 33*
do, pref 88*
Amer. L. 0 14
do. pref 37
Am- Smel. & Ref 38*
do. pref • o
Am. Tobacco
Ana. Min. C 0.... 85
Brooklyn R. T .. 61*
Col F& 1r0n... 75*
Consol Gas 208
Cont. Tobacco
do. pref 114*
Gen. Electric....l74
Glucose Sugar
Hock. Coal 18
lnterua'l Paper. 16*
do. pref 70*
Int. Power 55
LaClede Gas
Nat. Biscuit 44*
Nat. Lead 25
Nat. Salt
do. pref
No. Amer 110
Pacific Coast.... 65
Pacific Mall 37
People's Gas... 100*
Pressed S. Car.. 57
do. pref 90
Pull. Pal. Car.. 2/5
Rep. Steel 18*
do- pref 74*
Sugar ..11l
T. C- & Iron 5 5*
U B. & P. C .... 12
do. pref. 73*
U. S. Leatner.... 11*
do pref 86*
D. 8 Rubber.... 15
do- pref SO
U S. Steel 31*
do. pref 81
Va. Ca. Chem Co 57*
do-pref’d .. .120
(Vest. Union 87*
Standard 011 668
Atchison 79*
do pref 97*
nit & 0hi0.... 94*
do pref 91
Canad’n Pacific 126
Can. Southerv 70
Cbesa. & Obic .. 45*
Chic. & Alton 31*
do. pref 69
Chi. B. & Q. ..
Chi.. I. & L 74
do pref 91
Chi. & E. 111....195
Chi. & G. W.... 2354
do. A. pref. .. 80
do B. pref... 35
Chi. & N W... 21S
Kock Is’and 37
do. pref 79*
Chi. Ter.&T 15*
do. pref 93*
C C C.&5t.L.... 93*
Col. Southern... 25*
do. Ist pref .. 67
do 2d pref 41
Del. & Hudson.. 1 ! 57*
Del .L- & W... .244
Den. & RloG. .. 37
do. pref 87*
Erie 31
do. l3t ptef.... 62*
do 2d pref 43
Gt. Nor. pref....lßß*
Hock. Valley.... 98*
do pref 95*
Illinois Cen 140*
lowa Cen 36
do pref 63
L. E. ft AT 4K
do pref 115
Louis. & Nash ..119*
Manhattan L. ..143*
Met. St. Ry 136*
Mex. Cen 21
Nat. RRof Mex. 14*
Minn. & Bt. L... 105
Mo. Pacific 1C 2
SI.. K. & T 23*
do. pref 53
N. J- Central ...165
N. Y. Centra! 150*
Norf. & West .. 6H*
do. pref 90
No. Pacific
do- pref
Ontario & W.... 27*
Pennsylvania... 152*
Reading 57*
do. Ist pref. ~ >-5
do - 2d pr6f 74
St. L- & S- F .... 66
do-Ist pref.... 79
do. 2nd pref .. 67
St. L. 8. W 25
do. pref 57*
St. Paul 167*
do pref 18?
Ssuth. Pac 59
BONDS.
j.S.Ref. 2’s ree..lo7*
8. S. Ref. 2’s cou It 8*
U. B.3’s resr 107*
" COUP 107*
U. S. new 4’sretr 135
“ coup 135
U. 8. old 4’s reg 108*
" coup 10?*
U. 8. s’s ree IC3*
“ coup 103*
Atch’sn Gen. 4’5.101!-4
" adj 4’s 8 >
Balt. & O. 4’5..-100*
do 3 1-2’s. 94
do conv. 4’s-.104*
Can. So. 2nd5....1C8
C-ofG. s’s 1C 5
“ Ist incomes, 73
** 2d incomes 39
C. &0. 4*’5.... 102*
C- & A. 3 1-2’s. •; 79
C.. B. &Q. 4' ■ . 95
CM&StP gen 4’5113
C- &N. con 7’5..133*
C .R. I. & P- 4’5.107*
CCC&SLfiren4’s. 99
Chicago Ter. 4’s. 85
Colo. So. 4’s 92
D &. Rio G.4’5...1C0
E. prior lien 4’s. 97*
Erie Gen 4’s 83*
F. .109
SEABOARD STOCKS AND BONDS.
Ba6Timoue. Dec 16 - Seaboard Air Line
common 24 bid; preferred 40H@41.
Bonds—4’s. 83 asked-
RALEIGH STOCK MARKET.
(Corrected daily by Grimes & Vasa.)
BONDS.
Bid. Asked.
North Carolina 6's, 1919 133
North Carolina 4’s, 1919 104%
Virginia new 3’s 98 99
Virinia Centuries, 1901 98% 99%
Southern Railway s’s, 1994 ..110
S. A. L. 4’s 82%
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....112
STOCKS.
Vt.-Ctfr. Chem., pref 120 122%
Va.-Car. Chem., com 55 60
Seaboard Railway, com 42% 43%
Seaboard Railway, com 24
Southern Railway, pref 90
Southern Railway, com 28
Atlantic Coast Line, com 140 150
N. C. R. R. Co., pref 113
NAVAL STORES.
Wilmington, N. C. Dec. 16.-Tupentine
firm 51*; receipts 18 casks.
Rosin firm at Sl-35@t.40; receipts 633.
Crude, firm at sl.7£@’.oo; receipts 58 bar
rels.
Tar firm at $160; receipts 38.3
Savannah. Ga Dee. 16 Turpentine firm
at 51*; receipts 1,094; sales 7e4; ex
ports 1,662.
Rosin firm; receipts 5.119; sales 3,5:0;
exports 4,825
Quote A. B. C, $1.45; D. $1.45; E.
$t 50; F, $155; G. $1.70; H. $1.95; I,
2 20; K. 82.60; M. $3 05; N, $3 55; WG.
$3.85; WW $ (.20.
Charleston. S. C., Dec. 16.-Spirits tur
pentine firmat 50*: receipts ..; sales 100;
exports
Kosin firm receipts ; sales 1,200; ex
ports ....
Quote A. B. C, D, E. $1.40; F, $1.35; G.
$.155; H. SI 35; I. $2.00: K. 52.?0; M. 13-00;
N. 13 50; WG 3-75: WWS4.IS.
For Croup use CHENEY’S
EXPECTORANT.
Hock. V. 4 1-2 b .If 8*
L. ft N. uni. 4’s ..101
Mex. Cen. 4’5.... 76*
do Ist 1nc.... 22
Minn. & St.L 4’5103
M. K. & T. 4s. 9 <
** 2nd’5...... 81
N. <. C. lsts 102*
do gen 3 1-2’.104
N J. C. gen. 5’5..135*
No. Pac 4's 103
** 3’s 72*
N. &• W coc. 4’s. 99*
Reading gen. 4’s 95*
St L & I Mton s's 112*
St-L.&SFgen4’s 97
S’we? l’s.. 95
do 2’s 84
S. 4’s 86
So. Pac. 4’s 89H
So. Railway s’s-.ll u *
T. & P. lsts 116
T..St.LAW. 4’s.. 75
Union Pac. 4’s..lt 3*
do conv. 4*8.103*
Wabash lsts 115*
“ 2ud« 107
“do. Deb. 8.... 72*
West Shore 4 5..113
W A L, E,4’s .. 91
,»ls. Cen. 4’5.... 91*
Mobile &O. 4’s. 93
Con. Tob-. 4’5... 62*
H. & B. Beer’s
Market Letter.
(Special to News and Observer.)
New Orleans, La., Dec. 16.—Liverpool
advices were not encouraging, conse
quently our market opened two to three
points lower and declined additional later
on clearing weather throughout the belt
and the restricted demand for spots,
closing at net loss of six to seven points
cn the day. From the action of foreign
markets today it looks as if European
spinners will not follow any advance. It
appears as if they have made up their
minds that the out-turn of this crop will
be more than ample for the world's re
quirements and do not intend to take
more than their actual needs. The finan
cial situation and South American diffi
culty are not conducive to active specu
lation and these factors combined with
the curtailment of trade with China and
all silver countries owing to the sharp
decline of that metal, is having a ten
dency to make many reduce their esti
mate of the probable consumption of
American cotton this year. Receipts con
tinue light and there is no immediate
prospect of their increasing before a
week or ten days, because it will take
all of that time before country roads be
come passable, providing there is no set
back by unfavorable weather during the
interim. In the meantime sentiment is
very bullish and any feature in favor of
the article will sustain values.
,H. & B. BEER.
Tarrant & King’s
Cotton Letter.
(Special to News and Observer.)
New York. Dec. 16.—The Texas move
ment confirms our private reports of
exhaustion at the interior. The crop in
that State is undoubtedly largely over
estimated, and according to our most re
liable advices will not exceed 2,800,000
hades.
The general movement fails to show
an increase in sections where the weather
has been good, and the short interest is
in a dangerous position, as shown by
the movement of January contracts to
day, the sharp advance in that option
being due to the attempt on the part
of a few shorts to cover small quanti
ties. '
If the enormous short interest in March
were to make the same attempt, it
would result in a rapid advance in the
market. Spots are hardening anl the
demand is increasing, while receipts con
tinue to run about 30 per cent less than
last year. We expect much higher prices
in the immediate future.
TARRANT & KING.
68 Broad Street.
“Leßoy Davidson
Promoter and Dealer in
Investments.
Securities,
Offices: Room 118, 60 Broadway New
ork, and Charlotte. N. C.
Money advanced on valu
able plants and well locat
ed business properties.”
Huch ivi AC Rae SL Co-
BANKERS.
Miscellaneous Southern Securities.
Cotton Mill Stocks
A IPKCIALTY.
WILMINGTON. N. O.
£tocks, Cotton, Grain
and Provisions.
Small accounts receive the
same careful attention as
large ones. All inquiries
* promptly and cheerfully
answered.
TARRANT & KING
-18 Broad Street, Morris Building,
NEW YORK.
ESTABLISHED IN 1872.
HENRY BEER, BERTRAND BEER,
EDGAR H. BRIGHT.
H. & B. BEER,
Cotton Merchants.
NEW ORLEANS.
MEMBERS OF: New Orleans Cotton
xchange, New York Cotton Exchange,
and A««ociate Members Liverpool Catton
Association.
Special attention given to the execution
of contracts for future delivery in cotton.
Jacob Berry & Co
members I as;
Stocks, Bonds, Crain Cotton.
E3tabliuhed 1865.
44 Broadway, New York,
SO9 Main Bt.. Durham, N. C.
Phila. Office, Drexel Building,
Telephone No. 7. Send for market ettere
and pamphlet- Prompt aervlc* on all busi
ness.
Vorscsb *s s.»dative find unodyne qualities ot
Opium, but nro luces no sickness.'°f t* - o flo'jittj'h- In
acute nervous disorders it is no invaluable Ueiuedy,
11 comrae iclrtti by best Physicians everywhere.
•’vnjfjrtT’S IUDIAN veOpTAR! H Pll IXO.. New York.
nnillßfl Morphine and Whiskt
1 nil habit: treated without pam
I I s * gig |lf| or con inemeut. turej-uar
y g |UI V I anteed at Sanitariumor lie
pay*. B. H. VEAL, Man'gr Lithia Sprites Curt
Co . Drawer A. Austell,Ga. Kon.eltreaUuent sen.
it preferred. Correspondence sttu.t)y c< u ient.al
KIDNEY AND BLADDER DISEASE,
tAre always serious and demand the skill of an
expert. Pains in the back or loins, irregularities
In the urine, such as scantiness, smarting, burn
ing, incontinence, etc., are danger signals which
should be promptly heeded. My treatment of
these diseases has been uniformly successful, and
1 have cured some of the worst cases on record.
Each case gets careful, individual treatment.
MAKE NO MISTAKE by being misled by adver
tised quick cures, free prescriptions, free samples
and other fonps of cheap Advertising by special
ists who claim that they are the only ones who
. . t-eat patients personally. You can consult Dr.
DR HATHAWAY. Hathaway PERSONALLY and you have the addi-
Recognized as the Leading tional benefit of his trained staff of skilled spe
and most Successful Specialists in each department, which no other office
cialist- In the South has. A responsible guarantee of
cure which means something, and backed by leading banks, is given when
required. r
J. NEWTON HATHAWAY, M. D.,
35 Inman Bldg., 22% S. Broad St., Atlanta, Ga.
CAROLINA TRUST COMPANY,
RALEIGH, N. C,
Capital, SIOO,OOO. out of s J'S d ßl,siness
GENERAL BANKING—Money received on deposit, subject to check.
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 of
others.
FINANCIAL AGENT for floating Stocks and Bonds of Corporations.
Especial and separate arrangements and conveniences for gentlemen and lady customers.
OFFICERS. W. W. Mills, President; Leo. D. Heartt, Vice-President and General Manager;
Robert C. Strong, Trust Officer and General Counsel; William Hayes, Cashier
DIRECTORS. —James Webb, .J D.Riggan, Charles B. Hart, Alexander Webb, Junus Lewis,
Leo. D. Heartt, F. T. Ward, W. W. Mills, Allen J. Ruffin, W. C. Petty, P. It. Albngbt 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 wire* to New York and Chicago. Instantaneous quotation*. All
transaction* made direct with Exchange. Market information cheerfully given
by ’Phone, wire or matl. Intel-state and Bell ’Phones No. 67.
WILL GO ON YOUR BOND-^
American Bonding Company of Baltimore.
ASSkTH OVER J 2,600,006 BUSINESS CONFINED TO SURETY BONDft.
Accepted a* *ole aecarity by U. 8. Govern ment and the State and Counties as
Nerta Carolina.
SOLICITS THE BONDS OF
Federal Officers, Administrators, Executors, etc.,
Bank, Corporation and railroad officers, Guardians, Receivers and Assignees,
Deputy Collectors, Gaugers, etc., Cotton and Tobacco Buyers,
Insurance and Fertilizer Agents, Contractors anil Builders.
Postmasters, Letter Carriersh, etc. Tobacco and Cigar Manufacturers,
And atl 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 arc not at present represented. Address,
R. B. RANEY, General Agent, Raleigh, N. C.
PUBLIC OPINION
S YDNOR A. HUNDLEY, for value* true, »re unsurpassed the city throng H
leldtng to none, for styles now, the choicest Furniture, sit* for yo XJ
D urable and elegant, ornate or plain, such Suites elsewhere we seek In vai I§|*
oted far UPHOLSTERY, here we find a grand selection of every kin 13
0 ornamental DRAPERIES, It is known well, in perfect taste, they do exce Xj
XX, Ight at 711 E. Broad St., «f MIRRORS 4k PICTURES, the stock’s complef J]
for Beauty and Quality we can rely on all SYDNOR & HUNDLEY da nupoi
This Great Store is 709-7n-7i3 E. Broad St., Richmond, Va.
Now is the time to paint your roof. Use
BLACK ELASTIC ROOF PAINT.
Manufactured Only by
TANNER PAINT AND OIL CO.,
P. O. Box 180, Richmond, Va,
J. H. KING, President. F. J. HOLDER. Vice-President.
The best equipped, largest, most successful and progressive business college io the
Carolines. Bookkeeping, Shorthand. Typewriting. Penmanship and English, taught b> ex
perts- Reference: Every bank and leading business concern in Raleigh-
Contract given to secure our graduates positions or money refunded. Railroad tare
paid. Board, $lO per month.
Write today for latest College Journal, Special Offers and Holiday Greetings-
WINTER OPENING MONDAY, JANUARY 5, 1903.
Address, ' KING’S BUSINESS COLLEGE, Raleigh, N. C.
THOS. H. BRIGGS & SONS
KALIIGH, N. C. ~ 4,.
SHEET IRON STOVES,
COAL STOVES,
COOK STOVES AND RANGES.
COAL,
WOOD,
FEED.
Now on Hand and on Roads:
2,000 BUSHELS PRIME CORN.
1,000 BUSHELS PRIME OATS.
400 BUSHELS CORN, OAT AND
WHEAT CHOPS.
TWO CARLOADS CHOICE WESTERN
TIMOTHY HAY.
1,000 TONS BEST DOMESTIC COALS.
1,000 CORDS SEAONED PINE AND
OAK WOOD. AT VERY CLOSE CASH
TRICES BY
TONES & POWELL
Raleigh, N. C.
’PHONES 41 AND 71.
SEABOARD
Air Line Railway
Short Line to principal cities of the
South and Southwest, Florida, Cuba,
Texas, California and Mexico, also North
and Nortlnvest, Washington, Baltimore,
Philadelphia, New York, Boston, Cincin
nati, Chicago, Indianapolis, St. Louis,
Memphis and Kansas City.
Trains leave Raleigh as follows:
No. 34. NORTHBOUND.
1 35 A. M. “SEAROARD EXPRESS” FOR
Norfolk, Portsmouth, Richmond, Washing
ton. Baltimore, Philadelphia, Now York,
I'ostmi and all points North, Northeast and
Northwest.
No. 3S. /
11:15 A. M. “SEABOARD LOCAL MAIL”
For ALL POINTS from Raleigh to Ports
mouth, NerliiM to Richmond; connects at
Henderson! for Oxford and Weldon with A.
(’. !..; at J Portsmouth-Norfolk with ALL
for points North jand Northeast.
No. 6G.
11:50 A. M. “SEABOARD MAIL” FOR
Richmond. Washington, Baltimore, Phila
delphia, New York and Boston. Connects
at Richmond with C. & O. for Cincinnati,
Chicago and St. Louis; at Washington with
Pennsylvania and B. & O. for all points.
No 31 SOUTHBOUND.
4:15 A. M. “SEABOARD EXPRESS"
For Charlotte, Atlanta, Columbia, Charles
ton, Savannah, Jacks,onville, St. Augustine,
Tampa and atl points South and Southwest.
No. 41.
3:45 P. M. “SEABOARD LOCAL MATL”
For Charlotte, Atlanta and all local points.
Connects at Atlanta for all points South,
and Southwest.
No. 27.
<5:58 P. M. “SEABOARD MAIL” FOR
Southern Pines, Pineliurst, Atlanta, Colum
bia, Charleston, Savannah, Jacksonville,
Tampa and at! points South and Southwest.
Tickets on sale to all points. Pullman
berths reserved. Tickets delivered and bag
gage checked from Hotel and Residences
without extra charge at
Up-town picket Office
Yarborough House Building.
C. H. Gattis, C. T. and P. A.
’Phones 117. Raleigh, N. C*
H. S. LEARD.T. P- A ,
Raleigh, N. C.
Atlantic Coast Line R. t(
CONDENSED SCHEDULE
TRAINS GOINO SOUTH
-.*.S j . 3 ,
i ►. « e.-• ►. "• *
Bee. t£nd, IMI. e’3 c"3 o'3 § 6 3 o"3
i S 5« za zoic sso zo
IA.M.IP. M.|P. M. A.M.|P. M.
Leave Weldon 11l 60 9 38
Ar. Rocky Mt 1 00 10 82
|P. M.
Leave Taroro |l2 22|.....l 7 22| |
Lv. Roekv Mt | I 05 10 02 7 62 5 46 It 62
Leave W*il«on J. 59 11 10 8 81 626 2 40
Leave Selin? 2 65 11 69
Lv. Fayetteville 4 30 1 12
Ar. Florence 7 36 3 16
|P. M. A.M.
Ar. Goldsboro 8 *0
Lv. Goldsboro 7 80 3 It
Lv. Magnolia 8 87 4 2*
Ar. Wilmington 10 10 6 06
P M.JA.M.|P. M.
TRAINS GOING NORTH.
~ IA.M-1 |P.M.| |__
. jT 2 • - .
an <3 h- 2J . <? . 2!
00 * * **A
d‘3 o‘3 § o’S d'3 d‘3
ISC « Pw 55 0 SBC SCO
Lv. Florence ........ 10 06 8 05
Lv. Fayetteville .... 12 40 10 09 !•>••«
Leave Be)ma 2 10. ....11 25 ].••••>
Arrive WiUon 2 57 12 07 „
ip. M.|A.M.
Lv. Wilmington 00| ft Bti
Lv. Magnolia 8 89)11 OS
Lt. Goldsboro 7 86 ..... 9 37;12 ?8
- TjT M j ~~ lA.M.IP. M.|P. J.C
Leave Wilton 12 351 8 2011 34110 4ftj 1 1,4
Ar. Rocky Mt | 3 30| 9 00112 10jll 23: 1 «
Arrive Tarboro 9 34
Leave Tarboro 2 31) a
Lv. Rocky Mt I 3 601 112 43i 1.... v
Ar. Weldon | 4 53].....] 137 j j
Yadkin Division Main Lint —Train leaves WU
miDgton, 9:10 a. m., arrives Fayetteville 12:20 J
m., leaves Fayetteville 12:42 p. m., arrtvfe*
ford 1:58 p. in. Returning leaves Saidord got
p. m., arrive Fayetteville 4:20 p. m., li*ave F*y*
etteville 4:30 p. ni., srrives Wilmiugtca fj.,l
p. m.
Senucttsville Branch—Train leaves BenueiUvi i'>
8:10 a. m., Maxton 9:05 a. -m., Red Springs 3.88
a. m., Parkton 10:41 a. m., Hope Mill* 10;66 »
m., arrive Fayetteville 4:16 p. m., Hope Mill# •’> ®
p. in. Red Springe 5:13 p. m., Maxton 6:l# :
tn., arrives BcnncttsviUe 7:15 p. ni.
Connections at Fayetteville with tram No.
at Maxtton with Carolina Central Railroad, «»
Red Springs with the Red Springs and Bcwm -
Railroad, at Sanford with the Seaboard Air bit*
and Southern Railway, at Gulf with Durham *«:<*
Charlotte Railroad.
Train No. 78 makes close connection at Mretekur
.’ar all points North daily all rail na Richm.xuS,
H. M. EMERSON.,
/ General Psesengev A(p*rt,
I *. A KENLY, General Manager.
• f. M. EMERSON, Trstfls Manager, Ji
7