Newspapers / The News & Observer … / Feb. 11, 1903, edition 1 / Page 7
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RISE FOLLOWS DIP IN THE FIRS! HOUR Cotton Closes Four to Nine Points Higher. RUMOR OF A MAY CORNER Spirited Strength and Activity With Which Stocks Open is not Maintained—Gen eral Declines of a Point or More at the Closing. (By the Associated Press.) New York. F'b. Ift. —Market for cotlc-n Roods continues strong generally with a fulter demand than sellers are meal ing in both staple lines and fancies. Print iloths arc very firm but quiet. NEW YORK COTTON. New York. opened at a decline of 5 to 9 points under rrofit taking, disappointing cables and indications that today's port re ceipts would exceed those of last year. Just after the call values reached the low point of the session, and were then 7 to K points under the best of yester day cn the active options. With this level the hull leaders again supported nines, May being in particularly active (.emend leading to considerable talk of May corner and to predictions that th< New York stork at present 16ft.ftft0 bales would be reduced to much lower prices in the near future as a result of export engagements. Coincident with these rumors were heavy buying orders from tho South, and various spot interests also were buying freely, mostly of May and this demand exerted a strengthening in fluence on the whole list. Around mid day the market worked some 3 to 6 points under the best of the session as a result of fresh selling by longs based or. expectations of an increased move ment, but this soon gave place to re newed strength. European interests were heavy buyers, and the spot situation wis a factor in the afternoon strength. Ail the Southern spot market reported prices pnehmngod fto % higher. wTiile local markets was 15 points higher at 9.50. The close was within a point or so of the best prices of the day, and net 4 to 9 roints higher on all save August, Sep tember and October, which were un changed to one point higher. Total sales cf futures were estimated at 60ft.000 bales. New York- Feb 10.-Cotton futures open fd easy. tott«n futures closed steady. Onen. Clo<*. February 910 9- <7 March 9 21 9.34 April 921 9-J5 May 9-2 •* 9.42 June 916 9-25 julr 1 4 9-21 AoPWt .. 886 8.93 September 8.47 Octobe; 8 2S S-28 Spot cortnri clo=“! middling un binds 950; middling Gulf 9.75; sales 22J baits- NEW ORLEANS COTTON. New Orleans. La.. Feb. 10. —The de mand for spot cotton continues good, but the movement today was restricted by inclement weather, together with the fact that yesterday’s heavy trading had in a measure cleared off the sample ta bles. Quotations advanced %. The future market opened from even 3 points down, and an advance of 9 to Ift joints immediately followed. This brought on a period of heavy realizing, ind the figures quickly worked down four to nine points, after which re newed buying sent them up again some !» to 7 points. This lively backing and filling continued throughout the day, the trend being upward, the board at the dose showing net gains of 9 to 11 points on all positions from February to August inclusive. New Orleans, La- Feb 10 Cotton futures closed steadj. February.. 924 March 9.30*9.31 April V. 3 @9 35 May 9-3844.9.39 June 9 43'??. 45 July 9-4 («>'*.49 August - 9.1409 16 Kept ember 8.510855 October ..-t 8.2008 21 LIVERPOOL. Liverpool. Feb tc. —4 n m.—Cootor.-Snot moderate bu>ines«. steadv: American midt <l!*ng fair 5-as; good middling 5 18: tutd dk g f.CO. low uiiddli'e 4 8s; good ordinary 4 76. ordinary 4.6». The sales of the day were 10.900 bales, of which 1.000 were for speculation and export, and included 9.00 i American. Receipts 5.4C0 bales, including all American. Futures opened firm and closed quiet. American middling, g o- c-: February -•••••• • February ana March < March and April ?*- April and May May and 4.,,04 95 June and July - ••• July and August 4.94**4 96 August and September Se te.iiber and October.. 4 59(k4(0 October and November RALEIGH SPOT COTTON MARKET. Raleigh, N. C., Feb. 10. Receipts bales Receipts this day last year . I<> Prices today B%<S 9% Prices this day last year .. Receipts this season 1- bales O OQA «• Receipts last season OTHER enTTON M 4 K < ETS. roET. ! TO.s*. i *no. [ REcairra a:v!»ton strong •I 5 " 16 1 {’{??? ,\orfolk stead- ft 3 * J/) ta ti noro nominal ft* to- ton quiet 9 th *» 6 I'raingtoD firm - s 4_ ’•» “hiladelphi*.... stcaoy | ft-*5 ~ arannah firm 'ow Orleans.... firm i ft « ’’ • # "b'J* strong 1 »■*> »* -«mphi» firm ;; * A ogusta quiet ;> ‘-‘ b f” Charles tor. i firm ft* Cincinnati , quiet ° L* uiivillo. rtMii » oo ”Tori. ..... q».-l ' »-» I.»K1 p.r»a*nl« 9a) la Pass and Port . .. NEW YORK MONEY. Nrw York. Feb- 10 4p- m-Money on call iteadv at <-4024 per cent; closing offered • f2Wn*rrVntTiru<* money easier; tO day« 4K per cent; 90 day- .454 per ce.-t: six months 4* percent. Prime mercantile pa mr 4t1(85 percent; sterling exchange firm. Vu h actual business in hankers bills at IL4O foe demand and at 4 h .40 tor 60 aav- Posted rates 485 and 4.88. Com m w- ial bills 4,.,*0480 Bar silver 47H; ' dollars 3714. Government bonds weak, State bonds steadv; Railroad bonds irregular. GRAIN VNl> PROVISIONS. Chicago, Feb. 10.—-Trading on the Board of Trade today was rather quiet ar.d wheat closed steady with May un changed. May corn was a shade higher and May oats were also up a fraction. Provisions closed steady with the May products unchanged to 2%c. lower. Leading futures ranged at iouowt: ■The*' ir * NlK<, j HIOHSeT Lowest | clos-rs 'lay... .940794 7ft94 78» 4 79*079*4 Corn- i Pu\.... 1 41 vl *y- 45* % @15\46 45X 4*>4 Oats— | | Feb ... it* 35 If* T.l •Uy.. B> l @37Ji37’i 37 V 37>*0:i74 p ork— | I F*b . .. .... May. ... |K 92'4 16 95 16 85 16 90 Lard Feb 4 K 0 ft 6) ft -V, !» 55 Vlay . SI 50 ft 52H ft 4714 9 474 Ribs— F b .... . .. of Mar ft 224 ft 25 9 174 ft *<• Cash quotations were as follows: •Hour was steady: winter patents Id 607?, .7 * straights 98.900(13.50: clears |2 7003. 10; spang specials 1.20; spring patents $3.5003.80; .o. straights $3. ID03.10: bake's |2. 1303.fti1. Wheat—No. 2 spring 90081; No 3, 7"; No. 2 red, 75?j@76 Corn —No. '2 44; No. 2, yellow 14. Oats—No. 2, 35; No. 2. white ; No. 3 white 354031 m Ryt—No. 2,4 ft; Bar iev good feedn.g 16 fair to choioe malting |B a s6; No. 1 flax imn-> f 1.16; i northwestern ♦ 1.21. Prime timothy seed ♦3.6 ft. Mess por* per bbl. 17.00. Lard. per lit) lbs. tft.SO, Short ribs sides (lorse) 19.00@ft.20 Drv-saiteu shoulders < link'd) $9.12408.25: -Short clear sides, (toted) sft.37H@osft. Whiskey $1.30. Clover toltract grade. sll 70. NEW YORK Nbw York, Fe > 10—piour market steady, .vinter straights $3.5003,65; win.ers pateui •s;{.»s@.4.oo: ..-lif.esota patents $1 30; iviot-r et ras 80@3.10: winter low grades $2.60@2.ft0 Kve tioui steady ; good s3.otU3.3s;'jno4ce to tancy $3 4033.55 Corn ii eal qui-t; veliow western $1.20; city .. ; brandy wins $3.45a-t sa. Kye s 'a.ly; 02, vestern iio!4; State 56. Harley quist: fe. umg47, niaiunv sl@sliii H»rley mail : wr.ierr 65@6U. Wheat—spoilt ay: No. 2, >O, 82'4 Oitbi.s • March 84 Mai ,'2'4* July Seotexber Corn—iSjxit s cviy no i (i:-4 Optu «.»- Ftb uaryKO’i* March (>la ; May 52'*; July 50. O .ts—S ot steady ; No 2. uptious—May 42N : Oc ober . beet e*3.; family $15.(J0@J6.0(»; moss 910.50; packe' $12,000-13.00; I eef hams $20.502621.50. Cut meats qtii-i; jickled belies 84j(gil0; pickl d -ho lluis pickl d hams Lerd stealy; westerm ste.med $10.00: refined steady; South America 11.;50; the Continent 10.30;* compounu 74@7 J 4. Pork essy; fan iiv I18.50@19.00; snort clear ,1.2-50 0 00 mess $17.75018 23 1 allow quiet; city j*er package 6’»; country packages 'iee) 6k@64- Kosin tirm; strained common to good, 12.10® 2.15 Turpentine quietat 664(367. KiC3 tirm; domestic, jair to extra 4 Japan 4\@5 1 4. MoJarses firm New Orleans, open kettle good to choice. 32040. Coilee—snot Rio tirm; N,. 7 intoiece s?*: mild qui t; Coroova7@ll\ Sugsr—raw was tirm; fair refining 3 3 16; esutrifugai, 96-teat. 3H> refined sugar firm; confectioner’s A 4.lift; mould A 4.fto standard A ; cut ioaf 6.25; crashed 5.25; powdered 4 75; granulated 4.65; cubes 4.93. Bitter firm; exta creamery 26: western creaneiv u,sd 22i» Imitation creamery 14018; (actorv ilTJlft: state dairy 15® 25. Cheese nrin: new state, lull cream, fancy small eolor-d. old. 144; u*w. 124; s.uan white od, 144; new 124- Eggs easier; avenge best 21: State and Penn sylvania 2U3.2U-*; southern 20020 H. Potatoes nadv .erseyQ).7so2.oo; Sta'e anil western 1.5002.00; Lo'«g island 2.0002.21; ocuth jersey sweets $2.1003.75 Peanuts steady; saucy ban i-pioked 4401\; do tries: 1C 3'j24 H. hai.bages iasy: domestic, per 100, white, 000 S't; red. $1.0001.25. Frcignia u> Liverpool; cotton by steamer 12c: grrain Id. Cotton seed oil was ■ t*>ady Prime crude barre s . o. b. mills, 340344 • prime summer veiiow 41; off summer yellow sft; prime white 4-3; prime winter veiiow 45; prime meal $27.£00 28 00 nominal. BALTIMORE PROVISIONS. Baltimohe. Fib 10.—Flour was dul ; Winter extr. 2.8503.05; do. c.i*-ar $33003.40; do. straights $3 4303.60; patents 3.7504.05; api lug clear .1.250. 3.4.3; spring straights 3.7004 05; Spring patents 4.1U24.35. Wheat quiet; spot 80K@80Jf; February 804 @BOJt; steamer No £ red Southern wLe»t bv sample 711081. ix. n firm; spot 55(<; Febr-a.y f 53554; Southern white coin 400-55 oats firmer; No. 2 white, new, 42; No 2 mixed, new, Rye st tidy; Nc 2 nearby,s6os64; No. 2 west ern 5640,56 s Butter nrm; fancy imitation 80021; fancy creamery 27; fancy ladle 20021; tancy roll 18; gool roil 6017, sf>r« oacJreu 15017. Eggs steary; freslt 10020. <'li-r«. firm, large li«,r*4; medium 11014?*; small 114'ttH M. Sugar utiu; nne and coarse'granulated 4.914- STOCKS AND BONDS. New York, Feb. 10. —The spirited strength and activity with which the sioqk market opened today wore not maintained and the tone of the market became gradually more reactionary and at last easy at general net declines run ning to a point or more in a few of the leading active stocks. The most promi n« nt of these was Wabash preferred, in which so much of yesterday’s strength and activity centered. This made the speculative sentiment peculiarly suscep tible to the fact, which became very obvious tliis morning that there was very n uch selling going on of Wabash pre ferred under cover of the now strength which it was sought to develop else where. The whole of the day was quite strictly technical and was little influ enced by any of the day’s news. The size of the individual orders in Rock Is land. for which the accepted unit seemed to be 1,00!) shares, gave an artificial ap pearance to the movement in that stock so that it had little impression on senti ment when it was moved upward in face of the general reaction which took hold of the market during the course -of the second hour. The support of Mis souri Pacific had no better success in rt storing the tone of the market. The Atchisons were accorded their turn in the advance and among the specialties Amalgamated Copper. People’s Gas. Brooklyn Transit and American Smelting were conspicuous. Sterling Exchange continued to advance and London to sell storks here, but these factors were no more prominent than during yesterday's strong market. Call money continued easy and an advance in sterling at Paris sufficiently offset the rise here to keep gold exports beyond profitable limits. The Sul>»Trcasury took nearly $1,500,000 f;oin the banks on yesterday's operations wiping out the previous gain from that institution and establishing a net loss of 5442,000 since Friday. These figure , caused some calculations to bo made cn another unfavorable bank statement for the week, but call loans were made at a lower average than yesterday and there was increasing ease in securing time loans. The bill introduced yester day by the chairman of the Finance com-, mitiee of the United States Senate for E beralD.ing the provisions for deposit of United States funds with National banks was considered an important in fluence in the opening strength of the matket. The acceptance of other than government bonds by the Secretary ol the Treasury last fall as security for government deposits in believed to have been the saving factor during the money stringency. The provision allowing the proposed Panama Canal construction bonds to rank with the 2 per cent as security. Xo£ deposits aad circulation will GOOD MEN WANTED. Salaries Guaranteed for one Man in Each County in North Carolina. No man wanted who cannot furnish best reference and prove his ability to work. Men will be placed on salaries and not on commission. If YOU have a GOOD MIND and want to MAKE MONEY, address at once J. D. BOUSHALL, Manager, /Etna Life Ins. Co., Raleigh, N. C. afford another iintmrtnnt measure of re lief from possible money stringency. The coming requirement for the payment of $40,000,0(16 to the Panama Company shareholder* makes theno means of re lief of special impm I a nee The approach of the Thursday holiday may have had its influence upon the leull/ing movement of the day. The bond market continued Irregular. Total sales (par value) .sii.ftoo. United States new pa. tcKtslercd, and the 2's declined '* per cent on the last call. Sales of stocks were 752.t00 shares, in cluding Atchison 12.100; Atchison pre ferred 5,000; B. and 0., 7,500; Erie 25,- 800; Erie first preferred 6,200; Manhat tan 7,800; Mexican Central 5,800; Mis souri Pacific 67.800; M. K. and T. pre ferred 8,500; Pennsylvania 14,300; Read ing 16,900; St. Paul 10,500; Southern Pa c’fie 11.200: Southern Railway 5.70; Texas racific 22,400: Union Pacific 19.700; Wa bash 6,400; Wabash preferred 29.600; A. C. P.. 14.100; Smelting 5.950; People’s Gas 5,900; Sugar 12,600; U. S. Leather 36.300; IT.l T . S. leather preferred 5,900; U. S. Steel 28.100; Rock Island 87,750. STOCKS. Atchison 864 do pref 101% Exit. & 0hi0....1024 do pref 964 Canad'n Pacifi'’ 1374 Can. Southern 744 Chesa- *% Ohio .. 524 Chic- & Alton 36?* do. pref 7174 Chi. B & Q- .. Chi.. I. & L •••■ 67 do pref 80 Chi- & E. 111.. 210 Chi- & G- W.... 28 do- A- pref. .. 62 do B. pref... 444 Chi-& N W...-2194 Rock Island do. rref Chi. Ter.&T 18H do-pref 34 C-C C &St. L.... 954 Col- Southern... 304 do-Ist prof .. 704 do 2d pref 4 -5 Dob <fc Hudson..lßo4 Del . Lt- & W... -260 Den- & Rio G.... 4 14 do- pref... 89kt Erie 404 do-l?t pref.... 724 do 2d pref 614 Gt. Nor. pref... 200 Hock- Valley... 1024 do pref 984 Illinois Cen 146 lowa Cen 444 do pref 73 L- E. <fe vV 464 do pref 117 Louis- & Nash .. L 64 Manhattan L- ..1444 Met- St- Ry 1374 Mex- Cen... .... 264 Nat RRofMex- 194 Minn- & St- L... 1074 Mo- Pacific 1144 M-. K- & T 594 do- pref 624 N- J- Central ...180 N- Y- Central 1504 Norf&West. 754 do- pref 51 No- Pacific do- pref Ontario & W-... 314 Pennsy 1 vania... 1504 Reading 63 H do- Ist pref. .. 88 do’ 2d pref 76 St- L- & S- F .... 81 do- Ist pref.... 821* do-2nd pref .. 734 St- L. 8- W 2«4 do. pref 62 4 St. Paul lt"4 do pref........ 192 S»uth. Pac 657* BONDS. j.S.Ref. 2’s ree..lCß4 8. S. Ref. 2’s con IGB4 U. S.3’B reg 107 " conp 107 D. 8. new 4’s reg 1344 " coup 1354 O. 8. old 4’a rog.llo “ coup 110 U. S. s’s retf 1024 “ coup 1026* Atch’Bn Gen. 4’5.1024 M adj 4’s 9tit Balt. & O. 4V..102 1 4 do 3 1-2’s. 934 do conv. 4’s--105 Can. So. 2nds—lCS4 C- of G- s’s 1084 " Ist Incomes, *8 ** 2d Incomes 577 i C. & O. 44V... 1064 C- & A. 3 1-2’5... 784 C.. B. &Q- 4 .« . 944 CMAStF cen 4’a1114 C- & N- eon 7V.132>* C-.R. I. & P- 4’5. 106 CCC&SUren4’B 994 Chicago Ter. 4’s. 8 4 Colo. 80. 4’s 91 D &. Ht0G.4’8... ‘9 E. prior lien 4V 9 9 Erie Gen 4> 874 F. 14 Hock. ».<*)•( *,U<9 L-te N. uni. 4’s . 101 Kinston’s Progress, (Kinston Free Press.) As an evidence of the great progress that our city is making it was noticed that nine buildings are in course of erec tion on one side of Caswell street be tween the A. and N. C. Railroad and the eastern boundary of the city. This is only four blocks of one street and there are other places in the city show ing equal activity in building. Some of these buildings are large, commodious houses. Smoko Fritz Bra's, Cigars. ikitf-k- fHK NICWB AND OHhRRVKKI WEDNESDAY MORNING; FEB. 11.* 1903, So-Fallway .. 36 do- pref 95 4 Texas* Pacific.. 424 Tol-St. L.& W.. 294 do- pref 40 U- Pacific 1024 do- pref 944 Wabash 314 do- pref 514 Wheel- * L- E .. 27 do- 2nd pref... 38 Wis Central... 284 do- pref 544 P C- C&St.L. EXPRESS CO’S Adams Express--210 American Ex.... 225 United States- .147 Wells Fargo 230 MISCELI.ANK Amalg. Copper.. 50 Am- C- & F 41 do, pref 914 Amer- L- 0 174 do- pref 444 Am Smel. &Ref 484 do- pref 384 Am Tobacco Ana- Min-C0... 1114 Brooklyn R. T.. (94 Col F& Iron .. 754 Consol Gas-.... 2174 Cont. Tobacco .. - do. pref 1174 Gen- E1ectric....1954 Glucose Sugar.. .. Hock Coal 204 lnterna'l Paper. 184 do. pref 72 Int. Power 51 LaClede Gas— 90 Nat- Biscuit 47 Nat. Load 28.4 Nat. Salt do. pref No. Amer 116 Pacific Coast.... <9 Pacific Mail 40 People’s Gas... 1074 Pressed 8. Car.. 624 do- pref 324 Pull- Pal. Car... 232 Rep. Steel 214 do-pref... .... 794 Sugar 130?* T. C- & Iron 644 U B. & P C 144 do. pref. 78 U- 8- Learner.... 144 do pref 944 0. S- Rubber.... 184 do. pref 56 U 8. Steel 39 do- pref 887* Va- Ca Chem Co 644 do- pref’d .. .1244 West. Union B^4 Standard Oil.-. 740 Man, con- gold.. 1014 Mex. Cen. 4’5.,.. 774 do Ist 1n5.... 274 Minn. & St-L 4’51034 M. K. &T. 45.... 994 '* 2nd’s 82 N. 1, C. lstn do “ren 3 1-2’. 10.14 N J. C. gen. 5V.1324 No. Pac 4’s 1014 " 3’B 724 N, &■ W.cor- 4V1014 Reading gen. 4’s 97'* St L & I MtonS’s 11 44 St-L &S Fgen4’s 91 St-L- S’wea IV. 97 do 2’s 834 S. &A-Pass 4’s 85 So. Pac. 4's 915* So. Railway s's--1177i T. & P. lsts 1164 T.,St..LAW. 4V. '.94 Union Pac 4’s. .1027* do conv. 4V1364 Wabash lsts 118 '* 2nds 108 "do. Deb. B. .. 827* West Snore 4 s..li 1 W L, E. 4’5... 52 »vis. Cen. 4’5.... 924 Mnoilo «O- 4’s. 96* * on. To)».. 4’«,.. <S47* Co'. F, don s’s J.. 92 K. 1.. 4’s 8794 Penn conv. 3’s.. 1064 RALEIGII STOCK MARKET. (Corrected daily by Grimes & Vass.) 'bonds. Bid. Asked. North Carolina 6’s, 1015 133 North Carolina 4’s, 1019 Virginia new 3’s 05 Virginia Centuries, 1901.. .. 95Vi 06 Southern Railway s’s, 100-1 ..118 Seaboard Air Line 4’s Western N. C. R. R. 6’s, 1914.117 Ga., Car & Northern s’s. 1920.100 110 Carolina Central Railway 4’s..— 100 Ga., So. & Fla. R. R., 1945.... 114 116 STOCKS. Va.-Car. Chem., prof 123 123% Va.-Car. Chem., com 62 63 Seaboard aßilway, pref 42% 43% Seaboard Railway, com 26 25 Southern Railway, pref 93 - Southern Railway, com 35% Atlantic Coast Line, com. ..136 137 N. C. It. R. Co., pref 170 SEABOARD STOCKS AND BONDS. Baltimorf.. Feb- 10 —Seaboard Air Line common 264; preferred 42)4- R«wd» 4’«. 84. Atlantic Coast Line, common, 134; pre ferred 141 Barbee & Co.’s Cotton Letter (Special to News and Observer.) New York, Fob. lrt. —There was less business, less excitement, less advance and more feverishness in the market today. Manipulation in May continued, and May was advanced to a nineteen point premium over July. This is en tirely artificial, and is likely to play havoc with the trade. People are not apt to rush into the market at this level, espec'ally under these conditions. Many want to know* what all this means. It seems to be the same as January, a repetition of that move. A crowd of people from New r England are buying May in unlimited quantities and selling July at the same time. We do not know what the outcome will be. Manipulation in the spring is likely to carry the price very high. Conditions are still favorable to the market, but some of the best traders are out waiting developments. Cotton that has been held for some time was sold yesterday and today, and while the selling has been liberal the tone is not affected by it in the least. There is nothing like this market. We should advise profit taking and would not buy except on a sharp break. There is no break in sight yet, and we may havo nine and a half cents for May before the move stops. There is nothing to sell cotton on, but it is a bad place to buy just here. On a quick break buy cotton for a reaction. Cotton futures today ranged as follow’s: Open. High- Low. Close. February 9 25 0.27 o 22 9.z7 March 922 9 36 9-21 934 April 9-2 t v. 36 921 9-35 May v. 26 94 4 9-2 c 9-42 June 9.16 9 25 «.16 9.25 July 9.13 9 25 9 13 9.21 August 8.87 »y( 8 86 8 93 September. .. . g. 46 850 845 847 October 825 «*-2/ 825 8.28 The market closed steady. BARBEE & CO. Tarrant & King’s Cotton Letter. (Special to News and Observer.) New York, Feb. 10. —In our market letter of one week ago today, when May cotton was at 8.80 we stated that we were confident of an advance of 40 or 60 points before there was a decline of 10 points. Since that date the market has ad vanced 63 points and while we feel con fident that eventually the spring options will sell considerably above 10 cents, ive wish to caution our friends againr-t buy ing on extreme bulges. However the situation is so strong that there will be but slight reactions, and we think purchases on set backs of 8 to 10 points entirely safe. The position of cotton was never so strong as it is today and it is gaining strength very rapidly, and we expect extreme prices in the near fu ture. TARRANT & KING, 68 Broad Street. H. & B. Beer’s Market Letter. (Special to News and Observer.) New Orleans, La., Feb. 10.—Liverpool advices were disappointing, but our mar ket notwithstanding that opened un changed to three points lower and subse quently advanced fifteen to nineteen points from the bottom ou tresh buying predicated on the expectation of the un settled weather prevalent throughout the belt, causing the curtailment of re ceipts. The firmness of sjiots accent uated the favorable opinion existing. Realizing near the close, however, occa sioned easiness and a decline ol three to five points from the top was estab lished. making the net improvement nine to eleven points on the day. The move ment, both at the ports and interior towns, continued larger than anticipated for the time being though, this factor is ignored, owing to the extremely optimis tic opinion prevailing coupled to firm ness of spots. The recent strong demand for spots has been based to a large ex tent on old business put through by interior firms who have failed to carry out their contracts. It is a question how long this will continue, but nevertheless until there is some restriction in this demand >alues will remain sttjadY* ilid' dling in New Orleans is now 9 1-4 cents and July deliveries 9.50. Irrespective of the strong statistical position, these prices discount a great deal in ih' s.t uation. Therefore we again suggest that our friends operate conservatively from now on because ultimately receipts will govern. H. & B. LEER. NAVAL STORES. Wilmington. N- C. Feb. lu.-Tupentlne firm at 65. receipts 6 casks. Wnsin firm at St 85; receipts 1 L- Crnde. firm at $2.40® 100; receipts 58 bar re|*ar firm at St 65: receipts 195. Savannah. Ga. Feb. 10 Turpentine firm a t*~ 651 receipts' 1 >8; sales 1; exports Ilosin firm; receipts 3.314; sales 3,274; e *<Koie 40 A. B. C. 51.90; D. 51.90; E 90: F. $1.90; G, 53.00; H. $2.35; I. 2.80; K. S 3 20; M. $3.40; N, $3.60; WU, *j.ps: VVW 51.25. Chableston. 3. C., Feb 10-—Spirits tur pentine firm at 64Vs; receipts -; sales —: exports Rosin firm receipts .. .; sales .. ; ex- PO Quo'te A. B. c. 1.85; D. Sl-85; E. $1,85. F, %\vS\ G. $1.95; H. $2.30; 1,27-;K, $3.15; M. 13.35: N, $3-55: WG 3-80; WWS4-15. For LaGrippeand Influenza use CHENEY’S EXPECTO RANT. SEABOARD Air Line Rail wav Short Line to principal cities of the South and Southwest. Florida, Cuba Texas, California and Mexico, also North and Northwest, Washington, Baltimore, Philadelphia, Now York, Boston, Cincin nati, Chicago, Indianapolis, St. Louis Memphis and Kansas City. Trains leave Raleigh as follow*; No. 50 NORTHBOUND. 1:20 a. m.—“SEABOARD EXPRESS’* Norfolk, Portsmouth, Richmond, Washing ton, Baltimore, Philadelphia, New York, Boston and ail points North, Northeast and Northwest. No. 38. 11:15 A. M. "SEABOARD LOCAL MAIL" For ALL POINTS from Raleigh to Port! mouth, Norlina to Richmond; connects at Henderson for Oxford and Weldon with A O. L.; at Portsmoulh-Norfolk with ALi STEAMERS for points North and Northeast No. 36. 11:50 A. M. “SEABOARD MAIL" FOR Richmond, Washington, Baltimore, I’hila delphia. New York and Boston. Connects st Richmond with C. & O. for Cincinnati, Chicago and St. Louis; at Washington with Pennsylvania and B. & O. for all points. No. 57. SOUTHBOUND. 5:25 a. m.—"SEABOARD EXPRESS" For Charlotte, Atlanta. Columbia, Charles ton. f'avannah, Jacksonville, St. Augustine Tampa and ail points South and Southwest No. 41. 4:00 p. m.—SEABOARD LOCAL MAIL For Charlotte, Atlanta and all local points Connects at Atlanta for all points South and Southwest, No. 27. 6:27 p. m. —"SEABOARD MAIL” for Southern Pinos, Pinehurst, Atlanta, Colum bia, Charleston, Savannah, Jacksonville. Tampa and all 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 Ticket Office Ysrborough Hou«e Building. C. H. Gattis, C. T. and P. A. ’Phone* 117. Raleigh, N. C. H. S. LEARD.T. P. A , Raleigh. N. C. Carolina Northern Railroad. W. J. EDWARDS, Receiver, Marion, S. C. TIME TABLE NO- 10. In Effect Thursday 6:30 a. ra. January 22, 1903. (EASTERN TIME STANDARD.) NORTH BOUND. STATIONS. vT , v . 0 , *No. 4. No. 2. Lumberton, N. C 6.00 p. in. 6.30 p. m. Pope, N. C 5.48 p. m. 6.22 p. m. Kingsdale, N. C 5.40 p. in. 6.18 p. m. Polopolis, N. C 5.30 p. in. 6.12 p. m. Proctorville, N. C 5.15 p. m. 6.0-3 p. m. Dunbar, N. C 4.59 p. in. 5.51 p. m. Barnesville, N. C 4.55 p. m. 5.48 p. in. Flowers, N. C 4.39 p. m. 5.39 p. m. Marietta, N. C. 4.27 p. in. 5.33 p. m. Holmesville, S. C 4.12 p. in. 5.27 p. m. Pages Mill, S. C 4.03 p. in. 5.21 p. m. Kemper, S. C 3.50 p. m. 5.15 p. m. El wood, S. C 8.44 p. m. 5.12 p. m. Squires, S. C 3.32 p. m. 5.06 p. in. Fork, S. C 3.25 p. m. 5.03 p. m. Zion, S. C 8.10 p. m. 454 p. m. Rogers, S. C 2.55 p. m. 4.45 p/m. Marion, S. C 8.30 p. in. 4.30 p. in. SOUTH BOUND. STATIONS. No. 1. *No. 3. Lumberton, N. C., 10.10 a. m. 6.30 a. m. Pope, N. C 10.18 a. m. 6.45 a. m. Kingsdale, N. C 10.23 a. m. 6.57 a. m. Polopolis, N. C 10.29 a. m. 7.10 a. m. Proctorville, N. C 10.37 a. m. 7.26 a. in. Dunbar, N. C 10.49 a. m. 7.50 a. m. Barnesville, N. C 10.52 a. m. 8.00 a. m. Flowers, N. C 11.01 a. m. 8.18 a. m. Marietta. N. C 11.07 a. in. 8.30 a. rn. Holmosville, S. C 11.13 a. in. 8.42 a. in. Pages Mill, S. C 11.19 a. m. 8.54 a. in. Kemper, S. C 11.25 a. in. 9.06 a. in. Ehvood, S. C 11.28 a. m. 9.12 a. in. Squires, S. C 11.34 a. in. 9.27 a. m. Fork, 8- C. 11.37 a. m. 9.33 a. rn. Zion, S. C 11.46 a. in. 9.51 a. m. Rogers, S. O 11.55 a. in. 10.05. a in. Marion, S. C 12.10 p. m. 10.30 a. m. •Daily except Sunday. T. C. McNEELY, W. J. EDWARDS, General Superintendent. Receiver. SALE OF BONDS. $50,000.00 Mount Airy, N. 0., Bonds. Scaled proposals, with certified check for $1,000.00, will bo received by the town of Mount Airy until, and will be opened at noon Tuesday, March 3rd, 1903, for the purchase of $50,000.00, thirty-year 5 per cent- coupon gold bonds, interest payable semi-annually on first day o' January and July each year, principal and interest payable at place designated by purchaser. Bonds to bear date April Ist, 1903. This bond issue for water-works, elec tric lights and street improvements, is authorized by chapter 216, sections one and following, of Private Laws of North arolina, session 1901, and approved by favorable vote. Population, census 1900, 2,680; present 3.300, Manufacturing and prosperous. The right to reject any and all bids is reserved- Full information as to financial status of Mount Airy and all else pertinent by addressing Jas. C- Hollingsworth, secre tary and treasurer, Mount, Airy, N. C. SAMUEL G. PACE, Mayor. JAS. C. HOLLINGSWORTH. Secretary and Treasurer Board of Commissioners of Mt. Airy. 1'23-30t. . j _-ji £tocks, Cotton, Grain and Provisions. Small accounts receive the same careful attention as large ones. All inquiries promptly and cheerfully answered. TARRANT & KING. •8 Broad Street, Morri* Building, NEW YORK. HuCH SVS AC RAE &. Co. BANKERS. Miscellaneous flcmther* Soenrltlea, Cotton Mill Stocks A SPECIALTY. WILMINGTON. N. O. CAROLINA TRUST COMPANY, RALEIGH, N. C, Capital, SIOO,OOO. ()ut °f Town Business r T ’ Solicited. OENERAL BANKING—Money received bn deposit, subject to chetk. SAYINGS BANKlNG—lnterest paid on deposit*. TRUSTS.—Acts as Executor, Administrator, Guardian, Assignee, Receiver, Broker, Agent, Trustee. Assumes tbe management of entire Estates; alao property for the un and beaeflt of others. FINANCIAL AGENT for floating Storks and Bonds of Corporations. Especial and separate arrangements and conveniences for gentlemen and lady customer*. 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. ..I P.Riggan. Charles B Hart, Alexander Webb, Julius Lewis. Leo. D. Heartt, F. T. Ward, W. W. Mills, Alien J. Ruffin, W. C. Petty, P. R. Albright and Robert C Strong. Offices in Carolina Trust Building, Raleigh, N. O. Correspondence Solicited. I Standard Grades. House Paint. Coach Paint. Floor Paint. Wagon Paint. Root Paint. Innumerable Shades, Color-cards for the asking. S-fo MUTUAL Penn use insurance ifWmm CO. OF PHILA,, fi, § Assets Over $50,000,000. Surplus Over b,000,000. l X'\ Commenced doing Business to 1847; In North Caro ' 15na ln 18 74 * -£i The Best Company for the insured. There fore the best for the agent. Several Special Agents Wanted. Most liberal contracts to deserving men. Agents can do more business for TH E PENN than for any other company. Ask its 4,000 policy-holders in North Carolina, carrying over seven millions of Insurance. Gold Bonds, Endowments, Life, Ter m and all other approved policies at low rates with large guarantees, and annual or deferred dividends. R. B. RANEY, Gen. Agt. tor N. C., Raleigh, N. C. Barbee & Company, RALEIGH. DURHAM. Members New fork Cotton Excnange. Stocks, Cotton, Grain and Provisions. Private wires t* New York and Cki cago. Instantaneous quotation. All transactions made direct with Exchange. Market information cheerfully gives by 'Phone, wire or mall. Inter-state and Bell ’Phones Ns. 17. »u .urr- Tint w^wankMiiiSjyL'iWSa fINH W V ,(& ST if) s H -t— — “ i/19RpuGHFAREoflR/1 Vtb " ftie— North mv South Fieri da —— Cuba. A passenger service unexcelled for luxury and comfort, equipped with the latest Pullman Dining, Sleeping and Thoroughfare Cars. For rates, Schedule, Haps or any informa- I tion, write to WM. J. CRAIG, General Passenger Agent, Wilmington, N, C. J xsaarz: scjaiaccn: Please .Write. We are Independent of any Monopoly. National Oil Company NORF OLK, VA. WHIN IN NEED OF OILS OR GREASES OF ANY KIND FOR ANY PURPOSE We SELL—Cylinder oil, valve oil, engine all, dynamo oil, loom oil, splndla oil, machine oil. harvester oil, cotton gin oil, car oil, floor oil, *ignal oil. belt oil, castor oil, harness oil, cup grease, axle grease, car grease, belt greasa. Coal tar, roof paint. Oil and gasoline tanks. Prices and samples gladly furnished for the asking. Works; Henry Street and N. 4W. R. R.» iAmbert’i Paint Track, Norfolk, ▼a., r. O. Box IM, ESTABLISHED IN 1872. HENRY BEER, EBRTRAND EDGAR H. BRIGHT. * H. & B. BEER, Cotton Merchants. NEW ORLEANS. MEMBERS OF: New Orleans CottoE xchange, New York Cottas Exckanga, and Associate Members Lirerpeol Cattan Association. Special attention given to the executlan of contract* for future delivery ln oottoa. Jacob Berry <&, Co. MEMBfeRB j g?V°Pr d *iul, B E;;E 1 ! , t '.!‘* n ” Stocks, Bonds Crain Cotton. Established tecs. 44 Eraadway, New Yerk, Main It., Durham, N. B. Phlla. Office. Draxel Building, Telephone No. 7. Send for market otters andpamphlet. Prompt servlcs on all busl- Use Black Elastic Roof Paint. Why use inferior paints when standard goods are so much cheaper in the long run. Write to Tanner Paint k Oil Co., Box ISO, Richmond. Va. 7
The News & Observer (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Feb. 11, 1903, edition 1
7
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