THE CHARLOTTE NEWS, APRIL ! 0, 1906.
THE WEATHER
ror charlotte and its vicinity: Fair
t01Iiglit ami Wednesday.
For Noi'tli Carolina and- South
f rolin;i: Fair tonight and Wednes
day Lisl't west to northwest winds.
0
TODAY'S
it
0
a4
o
u
a
o
o
ARKETS
0
i
CO 1 I UN
New York Sun Cotton Summary.
New York, April 10. It was a nar
row', professional ante-holiday specula
tion, an.l unless the prophets in the
l0offi are prophesying wide of the
mark it will ue a dull week. But it
von oft on happens that just when
even l)0ily is expecting such dull times
sometning or other occurs to enliven
the market in a way to disconcert the
prophets. Yet everything will be closed
from Thursday night until Tuesday
morning, and judging from the more
pioba! iiities and speculation for the
time being, is likely to be kept with
iii a comparatively small compass
with tiuetuations restricted according
ly. Yesterday the final outcome was a
triflin? decline, succeeding a small ad
vance earlvMn the day. There were
reports, which may or may not be
trustworthy, that the bull clique sold
on little advances, and bought on de
dines. But whether they did or not,
matters little, for they certainly did
not trade on a my suaie. oieauying in
fluences were the big British exports,
as reported in the monthly returns;
large spot sales, at Liverpool, rumors
that the Mississippi River is likely to
goon reach a very high stage at Mem
phis, and reports of rain in the Caro
linas. Then, too, spot interests bought
to some extent, and of some of the
shorts decided to licuidate on the eve
of the holidays. There was some Eng
lish buying of May and the premium
on that month over July was increased
a couide of points.
New Orleans Times-Democrat Sum
mary of the Cotton Situation.
New Orleans, April 10. Undoubted
ly the staple has gained rather than
lest intrinsic strength during recent
weeks "With speculation at the low
mark, even confident bulls marvel at
the self sustaining power of the mar
ket, and in seeking explanation there
for, apparently have found something
in the many months bear advices giv
en foreign spinners, which must have
held raw cotton buying in check to
some extent. Compensation for which
should come sooner or later. Anyway,
there is more demand than supply of
the desirable grades of cotton. Conse
quently, speculative selling of the near
months at current value levels carries
with it an element of danger not point
ed out repeatedly. Bulish operations
are confined to too few men, for spec
tacular effect. Mean while, new crop
weather becomes or vital importance i
from now on. Favorable skies with ac- y
tual cotton in demand, and firmly held,
may not attract outside selling, while
frowning skies under similar circum
stances, would undoubtedly bring out
side buyers into the game again. Yes
terday's slight decline in .the face of
good cables was doubtless due to the
evening up over the holidays, extend
ing from the coming Thursday evening
to the following Tuesday morning.
New York Cotton
High Low
Close
Jan
Apr
May
June
July
Aug
Sept
Oct
Xov
Dec
1065 106
1064 1065
11191121
1133
1117
1121
1104
1061
1059
1062
1124
1117
1117
1102
1059
1058
1060
1132
11181120
11201121
11031104
10731075
10601061
10591060
10611062
Sales none
market tone quiet: fu
tures closed steadv.
New York 11 A. M. Bids: May 1129;
July 1119; August 1102; October 1060.
r4ew Orleans Spots.
Spots firm; higher, middling 11
sales 3600; to arrive 2100; F. O.
B. 100; total sales 5,800.
Charlotte Cotton Market.
(Corrected by Sanders, Orr & Co.)
Good Middling 11V2
Strict Middling ' 11
Middling 11
Tinges and Stains .lO1
Liverpool Cotton.
Jan-Feb 547
Mch-Apr 600
Apr-May 600
May-Juno 601
June-July 602
July-Aug ..602
Aug-Sept 597
Sept-Oct 582
Oct-Xov 575
Xov-Dec 574
Dec-Jan 574
Futures opened quiet and steady,
can 1000 ; cmf wpymf wypcmf wypmf wpy
closed very steady , receipts 29000;
American 23400; sales 10,000, Ameri
can 0000; spec. 1000; middling to
day 017; yesterday 614.
Chicago Grain and Produce.
High Low Close
WHEAT
May 78 77 78
T"'y 78 77 78
Sept 77 76 77
CORN
Apr 45 45
May 4G14 45 46
Spl't 46 45 46
OATS
May 31 3!i 31
T"ly 30 30 3D
Sept 29 28 29
PORK
May 1632 1627 1632
T"1y 1640 1632 1640
Sept 1627
LARD
:Ia . 870 860 865
Ju,v 885 875 880
ert 900 887 892
Take Hollister's Rocky Mountain Tea
this month. Drives away spring tired
ness, sivPK nnnotit-a and slppn mnlcRH
' well and keens you well. Great
family Ionic ir.nt Ton or Tah-
lets. R. 11. Jordan &Co.
STOCKS.
. New York Sun Sumary of Stocks .
(furnished by Gibert & Clay, of New
Orleans.)
New York, April 10. Business on
the stock exchanbe was really divided
into two distinct, parts. In the earlier
portion of the day, and indeed up to
1 o clock in the afternoon, the" market
was intensly dull, its course attesting
an almost complete indisposition of the
speculators to either make purchases
for sales of stock. The only influence
oi any influence bearing upon values
was that exerted by the money market
and the net result of this anpeared to
bo a restraint placed upon the activi
ty of the market rather than any force
exercised in the direction of lower val
ues. No doubt was expressed in all
well informed charters that as soon
as the present temporary stringency
i:; call money passes time money will
once more be quoted at the figures
rulink for it up to a few weeks ago.
In the late afternoon., the character
of the stock market changed from dull
ness to weakness. Taking as a pre
text for their attack the fact that mon
ey rates in the concluding portion of
the day did not show that receding ten
dency which had been hoped for, pro
fessional operators sold stocks with
great freedom, so that financial net
declines of more than a point in most
cases were made in most of the prin
cipal shares In the last fifteen minutes
the trading of the money market did
show signs of relaxation. Call money
in this period dropped rapidly to six
per cent, and many large loans were
made at ten and twelve per cent.
Atchison
Atchison Pfd , ...103
baitimore & OMo
H2M
"IK
. 58
, 3t
43K
tb
26
170
147
155
04 3 '
Chicago & Alton
Chicago & Great Western
Erie
Erie Pfd
Eoek Island .............
ILinois Central
Louisville & Nash rille ......
Mer.hr ttan
Mexican Centra I ... '
rtissouri Pacific 94
1 .-t
Missouri Kansas & T 33
New York Central 143
Norfolk & Western 88
Ontario & Western
5( A
Pennsylvania ....
Reading
Reading Pfd
St. Paul....
Southern Pacific
340
. 90
..1745
S 9uthern Railway
sothern Kauway Preferred
9K
32M
Texas Facihc
Union Pacific 153
Wabash ...22i:
Wabash Pfd 49
Amalgamated CoDDer 108
Brooklyn Rapid Transit 84j
Colorado hvel & Iron G0
Con Gas ... ...142J4
Peoples Gas . 94'S
Sugar j
Tennessee Coal & Iron ,.148
J ni tedS t9tes Leath er 11
Jnited States Steel 41
United States Steel Preferred ,
Western Union.... 0194
Virginia Carolina Cnemica". 4$
Va. Carolina Chemical Pfd .. 112j
Mr. Fred Oliver, of Norfolk, Va., is
spending a few days in the city looking
after some personal interests.
Report of the condition of
The Merchants and
Farmers National Bank
At Charlotte,
In the State of North Carolina, at
the close of business, April 6, 1906.
RESOURCES. ,
Loans and discounts . . . . ? 911,438.73
Overdrafts, secured and un
secured 6,470.52
U. S .Bonds to secure circu
lation .. .. 200,000.00
Premiums on U. S. bonds. . 7,625.00
Bods, securities, etc . . . . 5,000.00
Banking house, furniture
and fixtures .. 20,088.61
Other real estate owned.. 1,937.45
Due from National Banks,
(not reserve agents).... 82,049.65
Due from State Banks and
bankers 68,389.91
Due from approved reserve
agents 82,887.80
Checks and other- cash
items ... .. 10;080.96
Notes of other National
Banks 2,900.00
Fractional paper currency,
nickels and cents . . .... 265.71
Lawful Money reserve in
Bank, viz
Specie 44,400.00
Redemption fund with U. S.
Treasurer (5 per cent, of
circulation) 5,104.90
Total
$1,448,639.24
LIABILITIES.
Capital stock paid in 200,000.00
Surplus fund .. .. 40,ouo.oo
Undivided profits ,less ex
penses and taxes paid . . 59,446.11
National Bank notes out
standing .. 200,000.00
Accrued interest reserved.. 4,855.91
Due to other Na
tional Banks..? 63,216.77
Due to State Banks
and bankers .. .45,422.36
Due to Trust com
panies and sav
ings banks,... 58,751.26
Dividends unpaid.. 66.57
Individual deposits
subject to check 335,934.39
Demand certificates
of deposit .... 290,645.27
Cashier's checks
outstanding .. 300.60 794,337.22
Notes and bills rediscount-
ed 10,000.00
Bills payable .... . . . 140,ooo.oo
Total
.$1,448,639.24
State of North Carolina, County
of
Mecklenburg, ss: - .
v. Wilson. President of the
above-named bank, do solemnly swear
that the above statement is true to
the best of my knowledge and belief.
GEO. E. WILSUIN.. fresiutjuL.
Subscribed and sworn to before me
this 9th day of April, 1906.
BAXTER ROSS, Notary Public.
Correct Attest:
J. H. WEARN,
J. II. M'ADEN,
W. H. BELK, .
Directors.
Report of the condition of '
The Charlotte National Bakn
at Charlotte,
In the State of North Carolina, at
the close of business. April 6, 190G.
RESOURCES
Loans and discounts. . ..S 805,410.G7
Overdrafts, secured and un
secured ; 20,023.27
U. S. Bonds to secure circu-
lation .; 125,000.00
U. S. Bonds to secure U. S.
deposits 15,000.00
Bonds, securities, etc 4,000.00
Banking house, furniture
and fixtures .. .. ..13,800.00
Due from National Banks,
(not reserve agents) . . 67,714.31
Due from State banks and
bankers 56,900.40
Due from approved reserve
agents GO.852.74
Checks and other cash
items . 13,555.65
Notes of other National
banks 6,000.00
Fractional paper currency,
nickels, and cents . . 297.17
Lawful money reserve in ,
bank, viz:
Specie $10,856.50 .
Legal-tender notes, 50,247.00 61,103.50
Redemption fund with U. S.
Treasurer (5 per cent of
circulation) . 6,250.00
Total $1,255,907.71
LIABILITIES.
Capital stock paid in $ 125,000.00
Surplus fund 62,500.00
Undivided profits less ex
penses and taxes paid.. 33.92S.42
National Bank Notes out-
. standing 125.000.00
Due to other Na
tional Banks. .$ 25,663.20
Due to State Banks
and bankers.. 48,604.74
Individual deposits
subject to check,399,363.79
Demand, certificates
' of deposit 248,523.33
Certified checks . . . 5,540.32
Cashier's checks
outstanding . . 983,48
U. S. Deposits.. 15,000.00 743,678.86
Bonds borowed . . 30,000.00
Bills payable, including cer
tificates of deposits for
money borrowed 130,000.00
Interest reserve ........ 5,800.43
Total ....$1,255,907.71
State of North Carolina, County ' of
Mecklenburg, ss:
I, W. H. Twitty, cashier of the above
named bank, do solemnly swear that
the above statement is true to the
best of my knowledge and belief.
W. H. TWITTY, Cashier..
Subscribed and sworn to before me,
this 9th day of April, 1906.
C. N. G. BUTT, Notary Public. .
Correct Attest:
CHAS. f: WADSWORT.H,
JNO. M. SCOTT,
R. H. JORDAN,
Directors.
Report Of the
Southern States Trust Company
At Charlotte. - -
In the State of North Carolina, at the close of business April" 6th, 1906.
RESOURCES.
Loans and discounts .. .. $782,240.96
Overdarfts, secured 14,578.39
Banking house, furniture
and fixtures 3,500.00
Other real estate owned 2,500.00
Due from banks and v
bankers $141,528.57
Checks and other
cash items 5,965.87
Lawful money reserve in bank, viz:
Gold coin $ 265.00 .
Silver coin .. .. 3,389.82
National bank notes
and other U. S.
notes ..42,716.00 193,865.26
Total $996,6S4.61
State of North Carolina, County of Mecklenburg, ss: , ' .
; I. W. H. Wood, treasurer of the above-named bank, do ; solemnly swear
that the above statement is true to the best of my knowledge and belief.
W. H. WOOD, Treasurer.
Subscribed and sworn to before me, this 9th day of April, 1906.
FRANK F. JONES. Notary Puiblc. .
Correct Attest:
JNO. W. TODD,
H. W. EDDY, -T.
S. FRANKLIN,
Directors.
Report of the condition of
The Southern Loan & Savings Bank
At Charlotte,
In the State of North Carolina, at the close of business April 6th, 1906.
RESOURCES.
Loans and discounts .. ..$252,158.44
All other stocks, bonds and
mortgages . . .... . . . . 1,200.00
Banking House, furniture
and fixtures 1,500.00
Cash
Demand loans $ 7,500.00
Due from banks and
bankers .. 18,980.25
Cash items 1.621.96
Gold Coin 1,502.50
Silver coin, mclud-
ing all minor coin
currency 200.07
National bank notes
and other U. ' S.
notes 925.00 30.729.78
Total .. .. .'. ...... ..$285,588.22
State of North Carolina, County of Mecklenburg, ss: '
I, W. L. Jenkins, Cashier of . the above-named bank, do solemnly swear
that the above statement is true to the best of my knowledge and belief.
W. L. JENKINS, Cashier.
Subscribed and sworn to before me, this 10th day of April, 1906.
FRED NASH, JR., Notary Public.
Correct Attest:
P. M. BROWN,
W. S. ALEXANDER,
JNO. M. SCOTT, ,
Directors. .'
TRY A TIMES-DEMOCRAT
w
o
Report of the condition of
The First National Bank
At Charlotte,
In the State of North Carolina, at
the close of business, April 6, 1906.
RESOURCES.
Loans and discounts ..$1,332,600.74
Overdrafts, secured and un
secured . . . . . . . . V
U. S. bonds to secure circu
lation . . . .
Permiums on U. S. bonds. .
Bonds, securities, etc....
Banking house, furniture
and fixtures
Due from National
106,36
00,000.00
9,000.00
x5,000.00
37,500.00
Banks (not re- -
serve agents) , $46,947.16
Due from State :
Banks and bank
ers .. 29,027.78
Due from approved ;
reserve agents 97.291.6S
Checks and other .
cash items . . . . 8,597.57
Notes of other Na
tional banks .... 3,650.00
Fractional paper
currency, - nickles,
and cents . . . . . . 146,0i
Lawful money reserve in
bank, viz
Specie .$22,000
Legal-tender notes 15,000 . 237,660.20
Redemption fund with U. S.
Treasurer (5 per cent of
circulation) . . .... .... 15,000.00
Total .. $1,921,867.30
LIABILITIES.
Capital stock paid in .. ..$ 300,000.00
Surplus fund '." . 100,000.00
Undivided profits, less ex-
penses, and taxes paid . .
Accrued interest reserved . .
Natinonal Bank notes out
standing 99,657.23
16,000.00
J00.000.00
Due to other Na
tional banks,.. $ 97,731.76
Due to State Banks
and bankers, .. 28,924.89
Dividends unpaid,... 25.00
Individual deposits
subject to check,509,797.46
Demand certificates
of deposit 9,883.46
Time certificates of 1
deposit 419,722.33.
Cashier's checks
outstanding ... 125.17 1,066,210.07
Bills payable including
certificates of deposit for - 1
money borrowed . . .... 40,000.00
Total t .. ..$1,921,867.30
State of North Carolina, County of
Mecklenburg, ss:
I, H. M. Victor, cashier of the
above-named bank., do solemnly swear
that the above statement is true to the
best of my knowledge and belief.
H. M. VICTOR, Cashier.
Subscribed and sworn to before me,
this 9th day of April, 4906.-.. ,
FRED NASH, JR., Notary Public.
Correct Attest:
FRANK GILREATH,
P. M. BROWN,
C. A. WILLIAMS,
Directors.
condition of
LIABILITIES.
Capital stock paid in -:. . ..$200,000.00
Undivided profits, less ex
penses and taxes paid,.. 41,257.24
Due banks and
ers . .$ 99,732.54
Individual deposits, -subject
to check, 446,021.63
Trust deposits . . 42,797.11. . ;
Time certifiates of ;
of deposit .. .125,098.24 . ;
Certified checks.. 342.67 .
Cashier's checks
outstanding .. ..1.435,18 715,427.37
Notes and bills rediscount
ed v.'. 5.000.00
Bills payable .. .. .. 35,000.00
Tot.il
.$996,684.61
LIABILITIES.
Capital stock . . . .... $25,000.00
Surplus fund ...... . . . 10,000.00
Undivided profits less cm
rent expenses and taxes
paid. ........ . 4,863.46
Bills payable . r V:.V. ; 7,500.00
Deposits subject to check.. 197,305.94
Demand certificates of de:
posit r.-. .... 38,453.07
Cashier's Checks outstand
ing .. 215.75
Accrued interest due depos
itors 2,250.00
Total ..$285,588.22
&
i
For
Sale
The O'DONAGUMUSv Residence
on East 3enu&
FOR RENT.
Five-room cottage, East Stone
wall street. .
i
V 4-room house corner of Third-
and Graham.
PHONE 604
Y. f. C. A. BUh-OINCk
Insure your Property of
all kinds against Fire 1
witn
R. 0. MOORE
ROOM 7.
4C:s BUILDING.
"It Pays to Buy the Best"
S.Rae&Co.'s
Italian Olive Oil
A strictly Pure Product of Delicious
Flavor in y2 pmt bottles and quart bot
tles 75c a Quart.
Fresh Butter Thins today.
Miller-Van Ness Co.
23 N. Tryon St.
elicioii
Ice Cream
and Soda Water
With Pure Fruit Flavors
at Our Fountain.
TRYON DRUG GO.
Phone 21. 7 N. Tryon St.
Sub. P. a in Store.
Stamps, Money Orders.
5 1-2 ACRE FARM FOR
SALE
Fronting on Beattie's Ford
Macadam Road, three miles
from City, about fifteen acres
in timber, forty young fruit
trees, three room dwelling, a
small barn. A good spring
on place. Call at office for
Prices.
R. E. Cochrane
Insurance k Real state
Before Starting
Spring Farming
See Us
For Prices
On All Kinds
of Frmirj Tools.
AL'en Haiti ware Co.
lit
Everything In Hardware.
30 E. TRADE ST.
i
lis
t
Fire
Fire Fire
0
Iron
Davenport-Beds
The Real
"Room Economizer"
e have 'just received a large shipment of the above very useiui
articles, and are m position to help you solve the problem of -"how to
get the most out of the least space."
These davenports furnish a very attractive and useful piece of furni
ture when used as a lounge or settee, and can be converted easilv and
quickly into a perfectly apportioned bed. We have these beds complete
as cheap as $12.00 and other better qualities at. $23.00, $25.00 and $30.00.
Just the thing to have in the house when your company comes.
Our Dyeing and Cleaning 'is always "done just right,"
because it's in the hands of experts. We've a way of freshen
ing things up that make s them equal to new,. Orders for Eas
ter delivery taken NOW and given special attention..
Charlotte Steam Laundry
Launders, Dyers, Cleaners. . 19 S. Tryon
Ji
A Pair of Swell Slippers for Easter you will do
well to see our line of
Fil!maurv Oxfords
in all the Newest Leathers and Lasts
Prices $3.50 and $4.00 Per Pair
FOREMAN & MILLER
Corner College and Trade St Cash Shoe Builders
xcooooooooocoocoooo
SpeciaJ SeJr
I Two and Three Piece
Parlor Suits
From now until APRIL 10th we offer our entire stock of two and
three piece SUITS, at a reduction of .
25 PER CENT. OR ONE-FOURTH OFF.
from our regular prices. We find this reduction in price necessary ,
to make room for goods thatare
tunity to save money.
Lubin Furniture Co.
Bu
sirtess and FleasureVehicles
Our Stock ; of Vehicles for the Spring Trade
are in, and they are without a doubt the best
selected styles ever shown in Charlotte.
We sell on Easy Terms.
W. WadwortfoV Sons'
EXPER
REPAI
Queen City Cycle Co-
o
THE PRESBY TERIAIM COLLEGE for WOMAN
" CHARLOTTE, N." C.
High-grade College for Women equipped with every modern con
venience, hot )nd cold baths, electric lights,, steam heat and fire es- O
capes. - - "
'.-. Faculty of trained specialists.. Standard High "and work thorough.
For catalogue, address REV. J. R. BRIDGES, D. O.
THE LEADER IN LOW PRICES
ON HIGH GRADE 600DS
ANT
coming in; and it is a great oppor
Co
o
IEWCED BICYCLE
RHilAN
O