Newspapers / The Charlotte Observer (Charlotte, … / Dec. 12, 1912, edition 1 / Page 7
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Q V 0 t3 1 9 STOCICEXCHANGE 18 : i-PRINCIPAL SUBJECT Banker Tells, How; i Honey. Is f Loaned Before The Honey T ,Vfiost Inqalry . '.WASHINGTON, Dec.x 12. Opera tions of, the New York Stack Ex chang and. the principles of siock-x' chanev transactions . were the program-for today's- hearing zet ore .the House money trust investigating com mittee. ) .-."'. t - - - i J. H. Qriessel, of Griessel'& Rogers, New . York, testified as to" methods of operation of the New York Stock Ex change. He said the lending of mon ey ;.on the exchange did not begin or dinarily until about 11 ' a. m.f - some times at 10:30 if the market is very active. - - - - "Sometimes,' . he said. "S3.500.000 or $4,'000,0Q0 Is loaned within 15 or 20 minutes, this volume of transact' tions serving as a basis for rates on renewal of loans. I. have' loaned sometimes $20,000,000 or $25,000,000 a day and 1xrn wed perhaps $ 15, d 00,- 000 on a single day.: ; -: "I have loaned as high as $85,000.- 000. I represent the borrower rather than -the, lender, and of course I get the benefit in the loaning transac tions."' : . " v i-;. - Mr. Cfriessei' said J. P. Morgan" & Co. frequently lend at " the' exchanges, though sometimes several . months may v elapse 'between the transactions. Herfeatd the principal "lenders - were the ' National City Bank; the Chase National and the Bank of Commerce. Who lends for the Chase T" asked Mr. Untermeyer. ' I do." . 1 Kuhn, Loeb, he added, sometimes lend as ' much money as any of the banks did. That's when they get in - money from some large bond, issue. The same as to to Speyer. and the Morgan Company' he said. -. - - "Any record as to" how much money you loaned on November 9, when call money was at SOv-per cent?" 1 r f "I think about $15,000,000 or $20,-' 0 0 0. 0 00 on the loan side." "How ' much money was, loaned up to- noon f November 2 9 ?" - "From , 15.000,000 to $6,000,000. '"t loaned $10,040,000 between 2 'ji,' m. and:2:30p.wm. . . "Who loans for Kuhn, Loeb & Co.? . "I do." '- - . - .: . ' V'And foe Speyerr ,r o O . -"I do." ' - "Arid the' Morgan Company." ' . "Rogers anQ Rogers;" - ' ' ' The -witness said that "millions and millions of ! dollars" rwere. loaned over the phone in. ..the course of. regular business.- ' J --- Mr. Untermyer endeavored" to ea tablish that Steel Common . was .con sidered a good collateral because of the wide market for the stock., " . - : ...... Mr. Griesel said that brokers would accept more New -York Central than Steel .. Common as coMateral, t; for a loan, ..- ."-'V':, -''v. The method of lending money, in "the loan crowd" bn the stock ex change, was described by the witness. He said, that New York banks loan ing for out-of-town ; banks usua'iy made known the, banks for which they are' lending. - -- "What would be the result of fixing a rate of interest on . money on the stock exchange?" asked Mr, , Unter- myer. ' - "Why it would keep the money at home in : the country r banks," ., an swered Mr. . Griesel. . - . . . C W. Turner, loan broker for the National City Bank, Said that J the bank" '' he" represents "never charged more than six per cent on loans, no matter what the, rate on call money might be on the exchange. what would be the- result if all banks did that?' asked i Mr. Unter myer. ; J"i- -. J ' :,-, "Why, money would not be attract ed to New ' Ybrk;' answered Mr. Tur ner. He said that on the day recent ly when money , was at 20 per cent, he loaned for .the account of the Na tional City Bank $3,000,000 at six per cent. He described the general meth od of making loans on the floor ot the exchange and said that the total dai ly loans , on .the haPn ull amount to more, than $40:000,000 $50,000000. He said however, that was merely an estimate and i that there are no statistics available to sho-sr- the total daily loans on stock exchange securities. CHICAGO CATTIJE5 CHICAGO Dec. 12.CatUe, receipts 7,- 000; market siow, wv .. 10.70 Texas steers ..' Western steers .. Stockers and feeders .. and heifers ... -7Q 6.80 .10 7.60 5,50 6.50 7.10 - Hogs, receipts ,0w; c : lower. - , . cLight .. .. Mixed. .. -t Heavy .. ,- ? flough. r - Pigs.'.; v .. .. .. Bulk of sales Sheep, receipts 18,000; 10c higher. Native .. .. .. ... y Western ...... yearlings .. .. .. lamhn, native Western" ' market ' steady, 7.00 7.37V4 7.06, 7.45 7.05 7.46 T.05 6.00 7.20 7.00 7.20 7.40 market strong, i V . 4.10 4.30 6.15 6-10 5.60 (gi 6.90 35 6.40 8.35 8.35 . Chicago Casb Grain. - . . a CHICAGO, Pec. 12.-Wheat No. 2 red 1.02 to X.C3; NO. 2 hard 85 to 87; No. I Northern 86 to S7; No. j Northern W to 86; No. 2 spring W to mi velvet chaff 31' tor 86; durum 81 to 86. ' ' ' Oatso.V? white 36; standard' 33 t? 34 Rye No. 2.62. - - , . - t V Barley 45 to '73. Timothy 3.C0 to S W. J Clever JO.OO to 18.00. - . - Ian Coughs and Breats Ribs. . . -After a frightful coughing spell aian in Nenah, Wis., felt terrlhle paln his Side., and. his aoctorfound two ribs had been , broken. What Qny Pr, King's JNew piscovenr would have saved him. A few .teaspoonsful ends: late cough. While persistent use routs obstU nate coughs, expels stubborn colds or heals weak, sore lungs, , 'I feel surest is a Godsend to humanity," writes Mrs, Effie Morton; Columbia, Mo., .'for I pe lieve I would - have consumption today if I had not, used ' this" great remedy." It's guaranteed to satisfy, and you an S -at. li. S 9W$t Prug -Co. : THE CHARLOTTE EVENING. CHRONICLE, THURSDAY; DECEMBER 12, . We have .reduced four ; or fiv lots $25 aud $27,50 Suits, newVnd unto-th:-. i notch style, but simply broken sizes;" . - ' ; ' . rv ;.;:FOR''l5iOO- :V':"; V; ,w- A bigt range ' Suits and Overcoats, someregular $15 garments, "but several lots in Suits, Overcoats and Rain Coats that sold this season at '$17.50, $20.00 and $22.50, now in this special $15.00 line. . ' ' 4 . Oiie Lbt Rain Coats and Overcoats Mostly small sizes and a lot of Youths' $10 and $12.50 Coats, cut. now to $7.50 See our Knicker Suits iin Norfolks and; Bouble Breasteds. , ; ' Men's ;iTur lined Overcoats, . K W ,$37.50, $50.00 to $100.00 Half dozen - Samples left here on sale f or a few days only.- You can get one .;neap. :'- - - - . CHRISTMAS NOVELTIES Initial Handkerchiefs, Silk Sox and Ties to match in .Xrnas boxes, and . leather cases. Big variety Leather Goods' novelties, Bags and Suit Cases, Bath Roles, $3.00 to $1500. : Thermos Bottles, etc H. C. TO-DAY'S NEW YORK COTTON .NEW. .YORC Pec. 12. Cotton opened stfeady at unchanged prices to an ad vance of 3 points on-steady cables and scattered covering ITluctxiations after the call, were somewhat irregular with the market quiet and about to 3 points net higher during . the middle of the morning. , . '.. ; prices eased to a ; net loss of 2 or 3 points later in the morning but the offer ings were well absorbed with tht mar ket later firming up to about last mshf s closing fon conttmied covering. Spot quiet; middling uplands 13.00- nominal; - "' " Heavy realizing broke the ,,. market sharply-and - there .were violent . fluctua tions just ''before -the', report's was pub lished showing 13323.000. bale. : .This was Very close-in line with expectations and the market immediately broke about J7 points but met active support at the 4e-cltaeV-----'---; f r:; y-r.- ', Spot closed -Quiet; middling planda 12.90; middling gulf 13.15 ;sales ZOO bale. CottOn futures ' cioseu steaay . ; " 'Open. High. Low Dec ..al4a-S6.1:BTr-J--Jan .. .'..; . 12.ft65 , nose. . 12.38-40 12.51-53 12.50-52 Feb . Mar-.; Apr i. May . June . July Aug-.. Sept . .. Oct :'. ., J2.62-64 ..... .. 12.73-74 12.85 12.50 , 12.47. 12.68 12.48 12.41 . 11.80' 12.55-53 12.54 b 12.55-56 '12.51-53 12.51- 53 12.43-43 12.52- 96 U.80-S2 .12,66-67 12.78 12.67-68 12.68 12.63-64 12.75 12.66 ,12.66 12.00-02 ..... U.88-89 1L90 NBW ORLEANS COTTON NEW ORLEANS. Pec. 12.-Cotton fu tures opened , steady 1 point - up to,- 2 points down , compared with yesterday's close." 'r:.t ' r'-'"-" "- '' -.;.-'''': Cables were slightly - better than due and the 'weather, map was again un favorable, but neither of these features stimulated .buying. At the same time there was little cotton offering. The market appeared to be. well evened up on both accounts. From a decline of 2 points around the first .call the mar ket rose to a net advance of 2 points at the end of the first . half-hour of business. The market was dull the morning throughout hut if displayed a very good tone and prices were steadily maintained a point or two above yesterday's close. Nothing but the approaching crop esti mate by the Government was talked of. AH Other features were ignored. The ex change floor was crowded with visitors from, many, sections . of the cotton belt but they furnished very little outside business.. ; ' .' ' . ' Ring traders did the bulk of the small amount of trading put ; through. ' At noon prices were 1 to 4 pomts over yes terday's." close. , - The estimate of the crop at 1 o'clock by the Pepartment of Agriculture of 13,820,000 bales did not cause"' much ex citement or result in more than mod. erately heavy trading because it just about fitted hi with the popular idea of what. it was going to be. -Pools were held on the estimate on both the New Orleans and-the New York markets and the average of about 150 guesses In each was 13,851,000 for the iNew Orleans mar ket and. 13,860,000 -for New. York, , .Bears appeared to think that the figures offered them an opportunity to depress the market and they flooded the ring with selling orders a minute or two after 1 o'clock. March was the most active month and it quickly fell to 12.75,. where it was 25 points under - the level ruling just before the estimate . and - 20 points under last night's close. : Support was offered by the bull side and at 1:30 o'clock prices had recovered about 10 points of the loss. ';:-;:" O'i?.- . New Orleans Cotton Futures. " . NEW. ORLEANS, Pec, .H-Cotton fu tures opened steady.' Decemiber l-W 18.80 January ...... - ........ 12.86 March .. v 12.84 ig 12.85, May ....... ,,..12.90 12.92 July . 13.C0 bid " October i. j . . ....,. '..,.... 11.91 bid Southern Spot Cotton r i 1. , - . . . t t CHARLiOTTEr-Cotton spot steady 12i MEMPHIS, Tenn. Pee. ton steady, middling 13H. 12. Spot cot CHICAGO PRODUCE CHICAGO,' Dec. -12. Butter steady; dreameries 28 to 35. - . - Eggs steady; receipts 1,872 cases; fresh current , receipts 13 to 2; refrigerator firsts 18. ; Cheese steady: daisies 16 tq 17; twins 16 to 16; young Americas 16 to 17; ipng Jiorns .J6 to 17. potatoes steady; ; receipts 30 cars; Michigan 50 to 62: Wisconsin r45 to 60. i Poultry-- ' irregular j J tur keys, , 4Ive 15; dressed 20 ; chickens, , live . 11 springs, Veal steady. 9 4, veai steaay, v to i. . . - O'.O.iv .- ... LONG GOMPANY MARSCETS WALL STREET. : . NEW.YORK. Pec. 12. Further ex treme weakness in Union Paliic was the feature of tb early trading in the stock market today. ..'Closing 'yostejday at 165, the stock declined . $n.; the, first half-hour to 151 on extraprdinarlly heavy offerings. The - excitement on , the ex change, especially . around ; the Union Union Pacific trading post, was intense. The stock tickers - were from 1 to 4 minutes ' behind In recording the .quota tions. ' ...-'". ' r;.v', ;---'"....:i.'-"i'. t-y''h : The rest of the list -also was unsettled, . with a heavy decline in Canadian pa-, clfic and marked weakness in other leaders. ' sStoeki recovered 1 to .3 ftolnt before the end of the first bour and the heavy selling ceased -but - the undertone became hesitant. - --i '.-.-'-v- . '--.- Much"? of ' the early -selling ? : waa ' . at tributed - to out-of-tpwn . sources, this applying especfaily.i,:to; Amalgamated Copper and 'Reading.: , j W r The recovery in.- Union pacific reaulted from large supporting .orders.; Bank and, trust companies again .called loans which ere somewhat impaired, by ..furthe shrinkage of prices, i. ii r - . .j Movements , o stocks were-, again feverish '-'when 'trading Was 'resumed today. ' The'- tone was distinctly? ' heayyj Union Pacific, -- about ; wnicn chief interest centered, -'opened ' off. rose .vthen" felt 'back. 1' to .,153; within' of " yesterday's low price! ' flteel was' steadier, " losing On thelnltlal transaction of 2,000 shares. - There - Was pronounced weakness In- Reading, whlth fell back .2 points to 161 In the first' few minutes. 'Canadian Pacific -dropped 3, American Tobacco 2 and Amal gamated i. - ;. After an interval- of..i nervous fluctua iions the list again took " an abrupt plunge downwards. Union Pacific sold at 150, the -lowest since 1908. . . -- Reading, Amalgamated; Smelting and Canadian Pacific J all sold belovj. yester day's lowest. The effect of this liquida tion ,pn the . general market was not so pronounced as yesterday and there were substantial-' rallies ; when J support ap peared. , Union Pacific rallied . 8 points, Reading 2 and ' Steel and. Amalgamated i. : ' In spite of . further heavy pressure against Union pacific, the market in general was more stable during the late morning, f There was no , recurrence of the widespread liquidation in high-grade investment' issues. " . . Bull traders began to absorb" stocks on a- rising scale. -Shorts' also - beat a retreat, . which - became a rout as the price of Union pacific rose with a rush, jumping as ; much as a point between sales until it touched 156 ..as compared wlthri60 earlier: and 165 atyesterday'.e close. There ' Were advances of to 2 points, over last night in such stocks as Canadian Pacific, "St. Paul, Great 'Nbrth ern, : Northern v Pacific, Lehigh j Valley, Steel and Southern Pacific. ' : ; : ' Bonds . firm. :v; ''.. ;.-.. " ';";'.:'''. '. V Speculation having returned to some thing like a' normal ; basis, fluctuations became" moderate and aside from some irregularity .in Union pacific and : Read ing the market was commonplace. J ; . While there were 1 pauses in the after noon advance, 'due to th-completi6i of the urgent covering in some stocks and profit-taking, the .trend was upward and the average" level - more than a point above yesterday's - close. , Cuosed easy.t Realizing made more of an impression on the market as . the day drew to an end and .prices fell In an orderly fashion on . moderate - offerings.; Most . of . the leaders ruled a point or. more below the best.-s , ' J London Stocks." : - '"' ' LONDON, r Pec. J2. The stock market suffered from, the ' continental money situation, r' Berlin- and. Paris selling,- the money? stringency and the -political situa tion ; weakened most . sections, and al though the settlement was concluded sufficiently, ' the market closed - weak at the low point. J ' . Amer lean . securities . opened, steady. Panicky -conditions prevailed ' in the afternoon owing to the weakness in Wall Street.- Selling subsided In the late trading. About half, the losses : were Re covered. Closed with better,, tone,: '- V Money' Market. NEW YORK, PeC. 12. Money on call easier, - to 5 per..ceht; ruling rate ; closing - bid 4; offered at 4- .1 s, .Time loans easier; 60 days to .6 per cent; 90 days 6 to 6 1-3; six months 5 to 6. " " Prime mercantile ' paper 6 per cent; Sterling exchange . strong, . with, i actual business in bankers' bills at 4.81 for 60-, day bills 'and -at 4.85,25 for demand J com mercial bills 4.80; bar sliver 63; Mexi can, dollars . 49; . Government; honds stea4y; railroad bonds strong.' - NEW ryORir pRODUqE ' - , ,- W1,,rORK. "'ttec:-- W.autter$ un. settled F-tt&mti - 5,25ihtabs ; ' creamery firsts S3 to -85.' - -- - v Cheese .flrnu-unchanged! ...receipts 2.322 ' ini.' VMinV. Jca?eT W-!"- rptV6' boxes ;:i.T. - ....v:f -'V-,.;.. .?::' "...'..v - . . - -r , CHICAGO GRAIN AND PROVISIONS CHICAGO, Pec. l2.U-Argentirie damage reports helped " wheat ' Opened from off to up. May started at. 89 to 89, ranging from decline to a like up-, turn, apd the nrose td.83 to 89v Reduction' of Argentine crop estimates caused additional wheat strength. Closed Steady, with May at 89, a net gain of . 1 Corn rallied, May opened unchanged to , a shade lower at 48 to 48 to 48, touched 48 to 48 and recovered to 48. Selling ; at the , advance led to - some oorn reaction- ?; Closed steady, " net higher at 48 to. 48 for xMay, -Oats - seemed strong.- May, 'which started a . shade to higher at 32 to 32 to . 32; hardened to; 32. , r , Buying lifted provisions. - First . trans action were 8. lower - to. .ficup:: wlth May at 1825 for pork, 9.95 to 9.97 for lard and 9.72 tp 9-75 for rib. WHEAT Open. High. Low. SlosW rr Peo 88 ''May;.,.-V'.i.;. 89.,.'-. .-July;-. 86, Peo. j.., .47'." May "'..' .. .. 48 : -July ., ,4 .. 48; 84 M4 84 5 89 ;87; : ;8T 48 ; 49 32 '32 A57 18.30 47 '48 32 " 53 82 48 49: QATS VPee':'. V Jsilv . !J2,-: 33 i -t - bnnw. 3aV8W a.8 3S.4S May.il'K l8.25vWb 18.20 4'DeC .. ..; .,10.60 10.60 10.52 ,1052 'y'Jan;.-,,. 10.15. ,10.20 , 10.06 . mi2 :i0O2 .90. .9,97 RIBS-i Jan - . 9.974 9.87 ' 9.92 9.72 '-9.80' 9.72 9.80 .A- i LOCAL MARKERS. I r . CbATloue Cotton ; ' .''' -:' iCorrorted dsil tr Pndei, Orr'V'flor Cotton, good middling ;.,i..'.,...-,..,i2 ? Charlotte Wbolesalo Prodnea, tCorrected daily, by Jf L Blakeley.) . Hens, per Pound ., ... 11 fll . 12 Chickens,. . Spring - 'I. 10 O 12 Turkeys .. ,.i. ; r. . W ,9 W ' Butter .r ,., ,.. j .(j,.., - ' is Q 25 - Eggs ., 'ft .9 f Ducks," each.. ., 25 3 Potatoes, sweet, per barrel.. t. 00 1.28 PotatpS,w Irish, per bag., - ..t.oo 2.25 Onions, per bag.. ,i ,.1,75 .' ' Onion sets, per bushel..' ..?.08 " i ,'-'-;,-' : - Charlotte Grain, ivovlslona and Hay. Corrected iy ty coenrana- McLaugblin Company.') . M Hye . , . i . -.10 -- .-- - Oats . f f .&t j Corn .. .. ,. .. i ? . ,96 (pl.w Flour, best patent,- per btol,...6.oo -flour, straight.. ,. ..8.KJ Qfi.TS ' Corn meal, per bushel ..1.00 . Hay. choice Timothy : 10Q.,.,,1,2 3 ' X Cottonseed Oil and Frodoola, ;( (Corrected dailv by the Soutnern Cotton ;:.:':-';:.; -'': Oil-. Company.) ; '- Cottonseed, ; per bushel ;.38; Meal, cash, per - bag ......'... 1.S0 -Meal. exchange, per .bag 1,45 Hulls in bulk. Cash per 100-.....,,. .40 Hulls in bulk, exchange, per 100., -.85 Hulls. . sacked, : cash; per 100 .60 . Hulls,' sacked, exchahge, per 100. .45 . Savannah. Naval Stores. ' SAVANNAHr Gs,, Pee. 12.-Turpentine firm, .36. . ;-;. . : Rosin firm; P and 'G 645 to 5-B5. : ' NEW YORK REQUIRES lilCCNE: FOR. WIRELESS. NEW TORIt, Pec' 12.-Ifc was an nounced at the Brooklyn navy . yard today that: all persons 'with wireless telegraphing" apparatus frho have snot applied for ,the. new government li censes by tomorrow 'will he liable to prosecution. .' During the hext, two .mohths govern ment Inspector will' vjslt 'e Very wire-: less plant along :thev seacoast 7 Tlxey will test' the machines to see 'that no amateur can send a message N with- ,a greater wave length than two hundred meters. Commercial stations may have longer wuves, hut - all must he under Federal supervision. ' ' ; figures bath: dqwn. -.. TO A GNATS EYEBROWr Chicago; rrec. 12.-0, s. Faber, a civil .engineer; with! aSpeftehant for chronological' dates, -figured out last night that : at ' 12 tnlhtite past noon today one may take a firm grip of his pen-and write the date ,12U-l-12rl2. If -.there is; a desire tq add another 1 2 ta . the . date -line one can .wait, until 13 seeonds after the minute. r?- Faber'figuted-'further, that 'the Pey tlme't '111 'a$UA6yft;fl combination, will .be. in-;.$8 r years, ! it months, - ,Jf - days, 2f - hours and - 8 mlqutes. Then Jt-will he pdsslhle to thi i913v PEHNYOLUHN Want Ad Rates 'an&Rtdes in. The ;.Evening .Ghronide One cent a word each insertion. No ad taken for. less - than the price of ten words. ) Ads lh' .large.? type XOc a line (four words to the, line), r . . . - Out-of-town . . advertisements must be accompanied with cash. Agencies discounts 15 per .cent.. : Contract rates sent upon request. Telephone your "Wan Ads to The Chronicle (phone 78) when.lt in Convenient to do sor and collec tlon; Will be made at . your home or at your ofllee the following day. This : is an J : accommodation., ser-.y-lce rendered ; Chronicle ; Want Ad patrons and payment should al ways be promptly made on pre? sentation of bill, i Always ask that your telephone ad. be repeated back to you by the ad taken to make sure that it has been taken correctly. , The Chronicle can j not guarantee accuracy or assume re sponsibility for errors of any kind occurring In telephone advertise ments. .;. - .' Closing hours: To secure prop er classification, ads must be- in The Chronicle ; office before r 1 o'clock the day of .the issue. , -ji: Every 'word in. the i advertise ments Including the name and ad dress. ls counted. Each Initial counts one word: compound words are: counted "two words. ADVERTISERS should retain' receipts given in payment for Want - Ads over the office counter, as mistakes can not be rectified without' them, v -;,v :. i WANTED WANTED To Send -you . wherever - there os ; .a road. ; Auten,'s Auto Hire. Good cars. Careful ' drivers. Phone 756. . " l?-2t WANTED A ' good second-hand ; top . buggy or surry. B , care Chronicle. v-:;;v:.-: - . .I2-lt WANTED -A good white woman to live with small family - C,;caro Chronicle,.. . r.mlr ; '. . ... . FOR RENT. FOR RENTr-Automoblls, for hire. Day or night, Phones 756, 1382-1, 1808. ' . iy. ;;.Iu::; 12-2t FOR RENT r-Nice five-room' cottage, - on -car line,, - 813.60. - The - McClung Realty Co. s t .-tf FOR SAliE. FOR . SAL.E-13 'Indian'- r Runrier r pucks; 81.0fr a piece: -'A: H. JMuxi dy, Huntersvliie, N, ; C., i r, .-jr- p. 2 q, 4k ANNUAi; iSAtE "Chrujtmaa i KeW ' wastry si .Satu rday t: 1 4 tfe, ?.?three e i fbi" i i.v y, xne ate-rown ' Co. 11 EXCEIXENT opportdnlfjr-for a man or a woman ., with lotstof '.s energy backed by good habits leSahfc iprt--. manent.- profitable. Call & torf p. m. Thursday, DeVjehiber 1 ariiJLrlen, Buf ord Hotel. " - 1 2-lt CHRISTMAS PRESENTS Gospel Calendars at book stores are- suit able holiday ' gifts. Has daily text and exposition. ' i: -i2'-2t SPLENDID ROOMS for business peo ; . Pie. Phone ?67-JVv:- Vt ,l2-2t COTTON CROF FOIIEGAST PROMISES 13,820,001) : BALES FOR YEAR ' ; The American cotton crop for the season of i 9 1 2-1 3 " will amount to 18,820,000 bales of 500 founds ( not' inc'uding ; llntersr, according; toi the first estimate made by tne Govern ment this year through the "crop re porting; board, Bureau of Statistics, Department , ot Agriculture, and an- , nounced this afternoon. This com pares , with " 15,6 9 2,701' bales of 500 pounds, exclusive of ' linters; produced in the record crop of last year,, when the total '.. cropt inclusive of linters, was 16,250,000, bales of 5Q0 pounds; 11,608,616 '. bales in 1910, which; in cluding linters, ahiouhted . to' 12, 005,688: bales? 10,Q04,94 hates Mn 1 9 0 9r ." '.'' which, including linters, amounted t& 10,815,382 bales; ; 13,' 241,709 bales in 1908, which; in cluding linters, amounted to Tl 3, 6 8 f, -306 bales, and 11,107,179 nates In 1 9 0 7, - " which, f - including ' linters, ' amounted to 11,875451 ' bales. The average ' total : production, .exclusive' of linters, for -the five years from 1906 to -1910 was : ll;847,2f0;-1 bales. The value Of the crop,- including seed, for the same period averaged 773,v 822,000,- while last' yea7r's';Tecordrcrop is estimated : to have' "beeri "worth $859,840,060 and the 1910 crop J9.6if,. 180,000, the most valuable ever pro duced, , - '',".' '"' -;: The ' estimated ' - ' production,'1-': ex-v elusive of linters and stafed in 500 pound' bales, by States, with com parisoris follow: Virginia:- Total production, 24,000 baleB, compared - with 2 9, S l bales j last yeary nd 12-.064 hales,- the 'aver age 1906-10. - The value . of the orop last year was $1,380,000. , North Carolina:. Total, production; 878,000' bales, 'compared with M; 075,826 pales , last year, and 6 87,6 6 & bales, the average 190$-10, : The vahie of. the crop last -ear was $ 5 8, 810,000, i j South ' Carolina Total vproauctlon, 11,184,000 bales- compa'ed ' with 1,- J ! 48,712 bales last year, and 1,085,89 ales, the average 1906-10. The alue of, rthe- crop -slast year -T - was ,$90,120,000; - "a V ': : Jf.-, " i Georgia; Total production, 1,- bales, compare WlWJJM Georgia: Total production, 1,701,- 7$,aTi BUSINESS TOPICS Bcsincs? Notef of Interest an J Wcijiil, Ccfefol leadisj Jy Cfcrcnicle cSderj- ' V. THE GEM Hotel; ana Cafe; up-todate room seating -Id 0 persons, counter ; unequaled in South, veniently located . on f South street, m Strlctly .European. ' ' dining 'j: Lunch " Con- . Tryon 1 ttANDSOME -rANICtJRE -SETS ;. j . In Iatlier Cases froni. H t : 9U0) to $12.00 Each T - -Cor. 4th Try on. Streetal' 1 GIFTS2 FOR raM.'-''-"1'' ' t' !l.'Cl.Ot',.tlo;-'be a Safety Razor" we; have .any - make you- may; jaii for, Jas. P. Stowe & CoVi If you would like plenty of fresh, .i eggs, feed your liens on "Sunshine'' 4 Laying; Food. . . v : ; . ' -'' Fresh 1ot Klngan's Sliced Breakfast Bacon.- ; - -. ,' '-'. .' Wi M. CROWELL, Phone 1062. - 200 E Af orehead St." to see onr Xdas lineof Guth- Apollo Th'oc.olates. ; -A t tryon; drto co. pFFTCE MOVED. omee oi Charlotte Brass v Wrirfa andLv- stock cof plumbers-' 8ippns moved to 801 East ,Flfth - street.' ' the rear of Armour, fit Co, : ' ': , Bring us ;your sprap: brass and; coprir.- ; i wv.:),1Mr;. A!l . '. chap txvrrfi rntA ss woivtcs . J.' A. Bradford.' JUgr.". i Tn fhp. few whb are? not our- cus tomers we rApeat'taerw g no hctte" flour made than -Dan -Yalley. : r ' . Make a chauge nd buy Dan Val ley. It. will bring, results and that 1 whst you want! nd what we want - AmeWcaTi Brokera?e & , i Phone .:. 1 578 ".. j w. f- V Distrimitw ''' OTiTf INSTANTTT' ' Bed Boa-s RoaCher Lice and r all tn- secta--worreira Vermingo. .Use with a spray. Sold . .at J. .1 Eaglea ptoten 2Bc peJbottle.,..; jc.. 4V .,-, r , : Myers Street Pharmacy . Pho?w tZI , 82 S. CoFege? v.Phowea 685-688. v - NATTJRFS tlWX LA1CATTTE, V - FTGSEN TABiEl"S. . ' . Tha- Ideal Xxatlve. Takes the place of Calo mel. - Tastes like Candy; 10 and: 1 ' ceots.'slze. . . . . -. ; ',', . .. TOXOIH .DRTJG CO. i ..tl . ' '-'-.- -ff-r s 7' ... . ,.-- DR. GEORGE E DEN N 15 v hi Crflvcit .afaYyjan ' PHONE S002;;rrpFFldE V7JUSI ? ;.''.' Commenrlal Bankc.Qulidliig; .1':" , DR. A. j. little ; . e s .-. 17 , . J " ; '.''.':"'" ",v r', ' ; t Ncrvona and Stomach 1 DttMjosea, - 607-60; teatt7 ilialdln-r. J ibales" last- year, ,and ij&tfXto bales, -the ; average'-190.6r.10:; - The .'vatue uor : the crop, last - year .'jwai'ls.jppo;. : Florida:; Total" production,-.68,000 j V baleB, ; compared z wltbij. 8'3,3J sJ.-bales , 4ast year, and 56,1 5 8 bales, ihe '(iyer ' agje 1996-lO.j The value, of te rqp $ last year was"; 8 6, 2 5 0,0 Oe.- v..; ';':;'.. J ' Alabama: - To taL-production, 1,3 30,--: .0-00. ,.'balesv compared with ,1,716,534 bales last :jrearirshd. i,is.7i707 ,baxesr f: the average Ts 06-1 6V , The value or the.crop last year was $93,100,000. , ; ' u Mississippi : Totai .prbcuctioni !, " 109,000 bales, .cpmpareds with- 1,08,- -iSi; bales'. . last year,' iknd t i,4Q0,15Jr bales, . the. , ayera ge.';.s If 0 6 -1 0. - v The,V ' value -of the crcp; last year was- $66, 530,006.?', J.V- . - . ': : ". i Texas: : Total . productlonj ?,83a,000 ( . bales, compared ; with . 4i 2 5.6,4-2? . bales last, year,- and'3,172,21 . bales; v the average 1906-0.;The. yaluo Af:,the' ', crop last. ' .yjearwaa 1 .$20;90,00ii ;.!.-;', . Arkansas-; Total;; pjfp4WlonrvJB54f '':.' 000 bales, compared '; -.vlth , 939,302: :";. bales -last year; an'd85 6.708 baiea, the s average -190.6-,0 The; value of - the ' ;' crop last;yearv-wast$5:, 060,000. . . Tennessee: Total production, 280,--' I 000 'v.-fcales, compared 1 with. $f 973? s ' N-' bales last : year, and:; 3dv,8'67:'bales, . - the . average ? 1 90 6-10. . The va3u'f . the . crop last'Tyear was - $24i,68.&,00O.-, . ' Missouri:.!; Toiiii productjon,'i9,00ff y baJea, comparesi with : 96,808 bales t .;'.;.; last year, and H45 6 bales, the aver-.'. ; age 1906-10.. Thevvalue of the; crop. " last year was $ M9 0,00 Oy-.? 5 S '. " ': Oklahoma: .Total - prdau.cUon.v;!,- f 08 9,0Jft; balesi.ffftmpared with :X92&"', 09Z bales lajrtyeaj-i-.and'S.J.-tS'SjbaJea,-, the? average. 1 9 9 6-1 9-- .4 The-?-vIe ot-..-. tne cTOp(";)aet $W&Wfei: - year.! ?$:biWSX t! :jt '; f ,425"bkles"la-sf year; and 2,75.0 ales,- , the average 1 'i' O'l p'ThelUe;ofy: ; ' the crop' In all-ofhei Statfes" nnelding Calif ornla,- last -yrwa"s';,'$ 98, 00 0.- 4 4-Th Charl te Brifk COmt any rtdWWiIhg th job5 hastsuccee tratTfor, th Lcjcland architect rt-rnl terra t?o' TWiny City Club whifehVs Jtt constructed at Winstori-Salem This Jrthe building for Which are architects, and will he a H som structure hepf.com''d- , The 'cranror-r. soohtj- nvio wm meet with Mrs. J. P, ' Durant at her home on Friday afternoon at 8:30 o'clock. . v ...', - i 1
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 12, 1912, edition 1
7
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