Newspapers / The Charlotte Observer (Charlotte, … / Feb. 25, 1911, edition 1 / Page 9
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THE CEARLOTTS NEWS FEBRUARY 25. I9I1 9 D ate Market Reports Complete .otton-Stocks-Grain-ProvisSons-IVIiscellaneous "pot MaiKtt I York Cotton j Xon- > ork. Feb. C.").—Tlio rotton mar- Mu; siead' at nnchnnsc'd priccs j lo :i Kfiiiio i»f 7 i)oints r.mlor scatter- iiii^ Ition or roiillzinj^ fov ovov ll:(' ufc'k ('’j.d. ! his-'. sliowiajLi; was cou- si(ipr,'(i hftier iluui (ii'.e on the cables. l.sUt-r i)rioo« vorkecl ap to a not au- \;in»‘o ol aboiii (int i)oip(s on covorinp; : :i;.i)ort insi'.iivcl by t!io stoij- I'Ui!' ol' Ahucli noticrs horo yesierilay, H biiiii'^i) I'lK t ion of I he woek-oiid liirnies: i;irs,' Si>ot salos in Live; pool and pxi'(v>{ati')ns of a rapidlv snength- t-nin- sipiistical position durinf.; "the bahiiice >t the soascin. Husine^s was not acri.vt' and oT'.ly a niotioratt ilenian.d was r('f,’:iicd to advance prices in the :;''isMice of importanr offeiini;s. Opening New York FuUiras. Xo'.v Vorlv, Feb. 2o.—Cotton f\unics •'!und steady. March i:’,.T7a7S: .\pril iw''- liid: .May 14.00;ii)l; .Inne ri.'.Kt I'.id: Inly n.OOaOl; Aug. 1 :].(>riuJV*: Oct. ! H.siiaTt}: Dec. Close New York Futures. New YorU. Felt. 2 4.—Cotton futures ■ 'l('!-ed vei\ tilcady. Open. High. Low. Close. f^^b ... 1;>S7—S9 ^'ar ... i:’,.77 i:',.7.'> 1 90 ?;'o1 cott.on '■b Spot ' 1 inithliiiij^ ■ - No-mi siiot ' ' ."11 omitted. > i .(.)r ri)t- i I ^I’o! niid- S;.)t cotton Stn>* niiil- S, -r eott!)r, ; :n ; 1 ) 1-t. )lL Lotton •14U i Jcnmth Automobile ;i ; ! I .’IIO'’ -d.M in;, ;t ■■ •» ! ■! >.U! I . W ir. M ■a!', i r ’In ■ • P ■ mint'!' tvrr'. ■■ nfifi' ni'w is b.;ri:iiur "V live I ‘lie r' sled a ri';ll'. r. Ale\- s ma I >1 'r''-r (iri Illations I .Vpi i! ' A':>y I.I line I .ini'. 1 Aiiiz: j O. : i'.'C 1 4 '>0 1 1 ;.'to 1 N.io 14.OP 14 1 1.09—10 14.os—10 1 t.OS—09 1 ",.7;;—7.') 12.OS-69 12.r.S—.'9 !fi- ■ 11 ^ r- ^‘{t arm j i-iv'-, ll'il i ill. U of 111 11.09 11.00 i;'..';7 T?.“r. iii.c,? 12.C.2 r_\“0 12.C1 12,.'2 12.;.:! 12. j New York Spot Cotton. I New York. ]>!•. I'.'i.—Cotton sp.ot I cl»'S'd (iniet; n;id(Min,e: upland? 11.10; I do fiuir 1 soles 14.00 bales. Clope IMcv«^ Orleans Spots. X«’w ('>rleans. Feb. 2.‘>.—Cotton S|ioi. liriii. unchaviut'd: sales on s;;ot 27 I M. I ..iw .n., 1.; : Itii d.1 i . ' (i '...til l lo;.r I’ict r Idli ' 1i, 11 :.-S, -ooj ’-U‘: strict .'ooi! niiduiin;; liC; lev 1 7-1 li: a.iddlum IT) oent^;. New Orleans Cotton Ttien found I ;i'.’ man v. :io ^t-.nan s iit 'i( i;.!’,. v li.i v >- \\:is neci's- '■•r Mpx'indor r " are nii ar*' rejiort- rar boldi Better r\ 'r^rd het- 2 o’elo' k He tnvn lor tlie !■.' ui.id news mthy Arnold? b;.v. r, d rtovoi hy Vo' !\ li Ire-s, ■ ifen r« (iort- tiie United t nearly a [: '-uddt'P.I.-' ^ io th‘> 1 u- Legislature 2"--Sonntor 'ii;m t'-.r meeting • irea'iiry and ' i'Otids fall- •I '.'.as nia.'le a aat- n.'Xt 'I'lU'S- ; .xi’ii'i u a biil ol the iJasiern "r.*.ininu: school. :!!«• 'if riirnitiire . ' aiolina. Senator: i.l -o incor.ior- H.iiik. Provisions. Hitler steady. I)»'!-lert 1 Ga22. i cases; at ' ■I 12a 11. fir.^ts 10; . [ i:^ l-2al t. . ■uIli^ .\u,-rias It ' ’ ’ -‘’a ] .”i. ' • 'i’(' to fancy 45a N('w Orleans. I>b. 2.".—Cotton fut ures opened steady, 1 point u|t to 1 ! !■' int down conijtared with yesterday’s ! cio-e. Tliis w;'.s a stion.tr i)penin,'2: con- j si'Vrins; the aititr.de of the Liverpool ('market. 'I'liere was little cotton for I sale the early trading; and shorts I who wanted to cover over the v/eek j end I)id prices ni> on themselves. The ! weathor over the cotton ijelt continued I ia^orable and this served to deaden I .’le ;.ew ^r(';> positiiui^. no trading- 'at j all iK'iniT re; orted in. them in the fn-s; I !.':lf lif>iiv of the session. At the (nd i .)1' ihiii time the old crop deliveries w; ;e 2 to G points over yesterday’s f’ose. 'riie n>arket was very steady thronsih- oiir I he short week-en:l session. (iOssip on (lie floor was lo tiio cfiect thn'. .llo^e.^sionaI.s on (lie bull side were rnteii.'!::: the inarket asain. One ftory was to the effect tliai. a prominent i'exa-. trader, here for the carnival, was a irood buyer the oui croi) cntlis. At all times thero was a ,a:ood demand for short;; and in spite of the tact that prices reached the highest levels of the week, there wi's no di'^iK)sition lo put out fresh short sales on t!ie advance. At the higliest the trai.iinj; months were S to. 9 i)oints over \ (‘sterday's la ;t prices. The close v-.'.s very stetidy at a net advancc of 7 lo 9 points. The marliet closed very stead.v with prices net .‘kis points higher. Ueteipts I.Kl.'; stock 1.">4,000. Open: New Orleans Futures. Xew Orleatis, La., Feb. 25.—Cotton futures opene . steady. February i:j98 nominal; March 14dt)a07; May 1425 a20; .Inly 14:{4a;!C; Aug. 1371a74; Oct. 12!M bid: Dec. 12ii4»56. Close New Orleans Futures. N%-w Ol leans, l''’el). 2.~).—Cotton fu- lures closed as follows; Open. High. Low. New York Stocks Xew York, Feb. 2.5.—There was no trace of yesterday’s excitement at the opening of the slock market today, although stocks were irregular and in clined to heaviness. F. S. Steel and Reading each lest 3-S on heavy deal ings in tliG first few minutes and Southern Paciilc, Wabash ))fd.. South- ^'ru iiaihvay and Amal. Copper de clined the same amount on smaller saU'S. :\Iissouri Pacific and Erie first i'fd. advanced 1-2. Pool operations were resumed in several stocks which have recently been jnished upward, particularh' the ('anadian and fertilizer groups. The rest of the market trailed along in a nodera.te fashion and did rot show inticli ambition to get above yesterday’” dose American Agricultural Chemical jumped over three joints, Canadian I’a.citic and \'irginia Carolina Chemical 2. Miiierican Cotton Oil 1 5-S; Minnea- polip, St. Paul and Sault Ste Marie 1 i-1 asd F. S. Rubber 1. i'iie market closed weak. Various si)ecialties were taken hold of in a substantial manner but the standard stocks were fed out gradual ly until the selling movemeiit gatherec? increased force in the final dealings asd showed in some cases substantial fractional losses with a ))oint loss for .New York Central. Missouri Pacific, Southern Pacific and Louisville & Xashville. Shifting of interest to the obscure and the usual caution exhibit ed i)y traders in getting out of the market over Sunday was probably the primary motive for selling. New York Stock List. Last Amalgamated Copper American P.cei Sugar .\me-icpn Car Foundry .. .. '>'M i^'un Fotfon Oil A'^Kii'‘an Locomotive American Smel+ing American Sugar R;;(iniag .. Anaconda Mining Co .. .. Atcbi^on .'.♦Ir.ntic oCas! Line P.altimore & Ohio lifookiyn Ptapid Transit . Canadian Pacific ('hesapeake ^ Ohio C'hicago H: Xorthwestern . Chicago, Mil & St. Paul C'olortido Fuel & Iron .. .. (^olorado & Southern .. .. Delav/are & Hudson .. j nen'’( r & Rio Grande .. Denver & Rio Grande pfd . I'-rie Creat .Non hern pfd (Jreat Xorthern Ore Ctfs .. Illinois Central Interboroug'ji-.Mct fnterbcrough-Met iifd .... Louis^’ille & Xoshville .. >iis.'-ouri Pacific .Mi‘souri, Kansas & Texas,. .National Piscuit National Lead Xcvv Vovl; Central Xu’folk \\’estern Xorthern Pacilic Pticific I'lail i’; nnsylvania Peoi)le’s Gas Pullman Palace Car .. .. Reading Rock Island Co R* k Island Co., T)fd .. .. Southern Pacific Southern Railway Fnion P.'icific Fnited States tSeel United States Steel pfd .. . Wabash Wabash pfd Western Fnion Standard Oil 618 Lehigh Valley 174 i/i sale. :a bl043t no 101 120 101 ‘ s 77% 214 U 146 12;]% 56 Vi 32-‘‘4 71 29'2. 125H (il bl.31 % IS's T)2 143’4 33 Vs 5.'> 107% 104^4 123% 1)24 Vs 1261/i; 105% bl-59 ISdVs 30 oPIi 115% 2 6 Vs 175 77% 118 Vs ny, 3714 74 Vs ■Il ■ -■ dressed -t'd 1‘. sprin:rs Feb •Mar ?day .lulv ■Vug Oct Log 14.0« 14.25 1 1.34 12.64 12..51 14.14 14.33 14,43 14.07 14.25 14.35 12.73 12.69 Close. 14.05 1 1,14 14.32 14,42 13.79 12.72 12.62 London Stocks London, Feb. 25.—American securi ties were inclined to sag during the early trading here today but the pros pects of fl good New York bank state ment and reassuring- Wall street news induced covering and the market re covered and closed steady. Liverpool Cotton ■ > r.o H), weights ' "■ fi'iliilo 1-2, S5 '] 12. -otton Seed Oil. ’ . 2' -i/otton seed 6,s6a^9: .\pril it': .Tune 6.!tsa7.01; i: . ;t 7,0".alo; Sept. I I nnd second ‘ ': 1. >0t» .hily 7.03; ’"'t \u;.'. 7.Ill; 500 , 7,'l. York Money. CloKe: Prime • i 1-2 per cent; • • :':hi\ w .th actual ' I • at 4.''::.75a .'II" a :d at 1S().55 for -:,o !.ilL 4S3al-2. I' i'aii dollar:-’ 15. ■>ii I. -leadv. Railroad Vck Money. 2’.. .Monev on call CO fia' s 2 -4a3 per P'Ol'l'' '• • f fi fhe world.” d ;t th' cas- ,r->i icL r '531 . r-.C TOR AIN'T 'wOUQHtt AND COLOtt T.iverpool, Feb. 25.—12:30 j>. m.— Ciosin.r-: Cotum, sj)ot in fair demand; prices 5 points higher. .\merican middling fair .. .. 8.00 Good middling 7.6S •Middling 7.56 l.ov.' middling 7.36 Ci{K!d ordinar.v 7.10 Ordinary 6.85 "I'lie sales of the day were 10,000 bales, of which 5,000 were'for specula tion and export and included 9,300 .American. Receipts 4.500 bales, all American. Futures opened steady and closed (piiet. February T.32 Feb-March 7.32 .\Iarch-April 7.32 .\j)ri’-.May 7.34V^ May-.lune 7.36 ,!une-.fulv 7.35V& .Tul.v-Aiig 7.31 .\ug-Sept 7.15 Sei)t-Oct .. 6.84 Oct-Xov 6.71 V2 .Nov-Dee 6.65 Doc.Ian 6.65 .lan-Feb 6.641^ World’s Visible Supply. Xew Orleans, Feb. 25.—Secretary Hester’s statement of the world’s visi ble suiiply of cotton shows the total visible to be 4,913.301 against 5,037.485 In tit week and 4,608,276 la.st year. Of tbi.^ the total of .\merican cotton is 3,795,:’.01 against 3,899,485 last week and 3,286,276 last year; and of all other kinds, including Egypt. Brazil, India, etc., 1,118,000 against 1,138,000 last week and 1,322,000 last year. O’’ the "’orld’s visible sujipiy of cot- !ou iher ' is nf)v af!oa^^ and held in ilrcat i> itain and '^•ontinemal Kuro))e 2, S'«,00C pp.i’nst 2,3‘.'o.000 la^t year; in K^vi e 2*1.000 against 187,000 last year; in India 485,000 against 722.000 last year, and in the United States 1.289,000 against 1,304,000 last year. Crude Cotton Seed Oil Atlanta, Ga., Feb. 25.—Crude cotton seed oil 43 1-2 a44. BANK STATEMENT. New York. Feb. 25.—The statement of clearing house banks for the week (five days) shows that the banks hold $40,358,000 more than the requirements of the 25 per cent reserve rule. This i.^ an increase of ^4.514,600 In the pro portionate cash reserve as compared with last week. The statement follows. Daily aver ages: i.oans $1,318,318,100; decrease $i.- 654.400. Specie 305,410,200; increase $3,557- 600. Legal tenders $74,913,400; increase $740,500. X—Deposits $1,359,862,400; decrease $866,000. Circulation $46,656,800; Increase ?273,500. Reserve $380,323,600; increase $4,- 298,100. Reserve required $339;965,600; de crease $216,500. Surplus $40,358,000; increase $4,- 514.600. X—IJ. S. deposits included $1,656,300; increase $58,800. Actual condition: Loans $1,324,598,500; increase ?7,- 853.600. Specie $308,599,500; increase $4,540,- 200. Legal tenders $75,015,000; increase $194,100. X—Deposits $1,369,344,600; increase $12,390,70. Circulation $46,798,900; increase $280,300. Reserve $383,614,500; Increase $4,- 734,300. Reserve required $342,336,150; in crease $3,097,675. ^ Surplus $41,-78,350; increase $1,- 636,625. X—xj. S. deposits included $1,690,400; increase $42,500. Summary of state banks and trust companies in Crenter New York not reporting to the New York clearing house: Loans $1,111,022,000; increase $1,- 604.700. Specie $115,676,100; Increase $1,- 145.400. Legal tenders $20,931,000; decrease $42,100. Total deposits $1,202,.502,000; in crease $7,007,500. Chicago Grain Chicago, Feb. 25.—Wheat today went to the lowest price reached on the crop. Buying power shrank almost to nothing. One of the reasons was weak ness at Liverpool due to unexpected large shipments destined for the Unit ed Kingdom. Besides, cash demand here v.^as still slow, the flour trade poor and the weather nearly ideal. Opening figures \vere 1-8 to 14 to :3-8 down. May started at 99 5-/S to 89 3-4, a loss of l-Sal-4 to l-4a3-8 and fell to 89 l-4a3-S. Country cash houses were selling corn. Favorable weather gave the pre text. May opened unchanged to 1-8 lower at 48 1-8 to 1-4 and declined to 48. Pit shorts were the only buyers of cats. In consequence the tone of the market was quite easy. May started a shade to 1-8 off at 31 3-8 to 31 3-Sal-2 and dro])ped to 31 1-4. Predictions of a heavy run of hogs next week had a bearish effect on provisions. First sales were 2 1-2 to 7 1-2 lower w'ith May options at 17.70 for pork; 9.32 1-2 for lard and 9.57 1-2 to 9.60 for ribs. Chicago Cash Grain. Chicago, Til., Feb. 25.—CaS’h grain; Wheat . .0. 2 red 8SaS9 1-4; No. 2 hard 89a90; 1 Northern 97a99; 2 Northern 95a97; 2 spring 88a94; velvet chaff S2a92; durum 80a88. (’orn No. 2. 45 l-2a46; 2 white 45 1-2 a46; yellow 46al-2. Oats No. 2 white 31 l-4a3-4; stand ard 30 3-4a31 1-4. Chicago Grain. Chicago, Feb. 25.—Close: Rve, cash ..o. 2/84. Brle.v, cash 65a95 1-2. Timothy, cash 9 all.50; March ll.75al2.25. Clover, cash 10.00al4.50; March 15. Chicago Grain and Produce. High. Low'. Close. WIIGAT— May 89% 88% 88%, .Inly 87% 87% 87% Sept 87 . 80% 87% CORN— May 4814 47% 47% •July 49 V4 48% 48% Sej)t 50% 49% 49% OATS— May 31% 31^8 .Iiily 30% 30% 30% Sept 30% 30% 30% PORK, 100 lbs.— Mav 17.70 17.40 17.45 •Tulv 16.90 16.67 Va 16.67 Vs LARD, 100 it)S.— May 9.32 Vs 9-15 9.15 .luly 9.27V2 9.12Vi Sept 9.30 9.15 9.15 RIBS, 100 lbs.— May 9.60 9.40 9.42^2 .lulv 9.25 9.121^ 9.12V2 Sept 9.22 Va' 9.121/0. 9.121^ St. Louis Cash Grain. St. Louis, Mo., Feb. 25.—Cash: Wheat firm; track No. 2 red 93; 2 hard 90a97. ' Corn, lower; track No. 2, 44 1-2; 2 white 4"., Oats lower; track No. 2, 30; 2 w'hite 32 1-2. Charlotte Grain Rye $1.00 Corn, 73 Oats 52% Cotton Seed .. .. 45 CHARLOTTE PRODUCE. Hens, per It) 12 Chickens, per lb 14 Eggs, per dozen 13 Butter, per Ib .. .12 Roosters, each ^ 25 Geese, each ‘ 50 Turkeys, per lt> 19 New Orleans Cotton Seed Oil. New Orleans, Feb. 25.—Cotton seed oil; Prime refined in barrels per pound 6.87; choice meal 8 per cent ammonia per long ton 27.00; choice cake do do 25.25. NOTICE As Chairman of the Board of County Commissioners, I wish to appeal to those citizens w'ho have not heretofore paid their taxes for the current 5*ear, to make payment at as early a date as possible, for the reason that the Coun ty is in ne€d of funds to carry on the business of the public in the proper way. There are some claims that must be met, and it will be a great favor to the Board of Coitimissioners and to the tax collectors if citizens will be so kind as to act promptly in this mat ter, and let the officers of tiie Cormty have the funds with which to meet the County’s obligations at maturity. February 25th, 1911. W. M. LONG, Chairman Board County Commis sioners. 2-25-3t-oaw CERTIFICATE RE-EXTENDINQ CHARTER. Treasury Department, Office of Comptrollei of the Currency, Washington, D. C., Jan. 17, 1911. Whereas ty satisfactory evidence presented to the undersigned, it has been made to appear that. The Mer chants and Farmers Bank of Charlotte, located In the city of Charlotte, in the County of Mecklenburg and State of North Carolina, has complied with all the provisions of the\A,ct of Congress -to enable National Banking Associa tions to extend their corporate exist- I ence, a^d for other purposes” approv- I ed July 12, 1882, as amended bj the i Act approved April 12, 1902. Now', Therefore, I, Thomas P. Rare, Deputy and Acting Cv-mptroller of the Currency, do hereby certify that The Merchants and Farmers National Bank of Charlotte, located In the City of Charlotte, in the County of Mecklen burg and State of North Carolina, is authorized to have succession for the period specified In its amended arti cles of Association; nameiy until close of business on January 17, 1931. In Testimony Whereof, witness my hand and seal of office this Seven teenth Day of January, 1911. (leeal) T. P. KANE, Deputy and Acting Comptroller of the Currency. Charter No. 1781. Extention No. 1014. J 2-3-30days. “EMERY” SHIRTS TheNew Emery Shirt To Put on m SHIRT Styles Are Here They are the finest we have ever shown—a selection of new and exclusive color effects—the seasons most wanted patterns. Come and lock ’em over These Shirts are cut and proved by an individual system—every Shirt measures exactly as marked. Sleeves are different lengths to P.t all men. Body is cut in pro portion to neck size and on generous lines that insure customer comfort. Neck-bands are pre-shrunk—they can't shrink any more. Made only of the most dependable, tested, fast fabrics. Fit, comfort, color, wear, guaranteed. IT'S CASH THAT COUNTS AT H.C. Long CompaLny Hester’s Statement. New Orleans Feb. 25.—Secretary Hester’s weekly statement shows for the twenty-four days of February an increase in the into-sight movement over last year of 204,000 and a decrease under the same period wear before last of 187,000. For the 177 days of the season the aggregate is ahead of tlie same 177 days of last year 1,641,000 and behind the same days year before last 856,000. The amount brought into sight dur ing tlie past week has been 173,693 bales against 137,067 for the, same 7 days last year and 188.901 year before last, and for the 24 days of February it has been 721,720 against 518.046 last year year and 908,795 year before last. The movement since September 1 shows receipts at all United States ports 7.587112 against 6,011,388 last year and 8.093,257 year before last. Overland, across the Mississippi, Ohio and Potomac rivers to Northern mills and Canada 830,591 against 610,- 766 last year and 519,895 year before last; interior stocks in excess of those held at the close of the commercial .vear 505,602 against 562.450 last year, 630,813 year before last; Southern mills’ takings 1,379,000 against 1,376,- S56 last year and 1,414,387 year before last. The total movement since Se]itember 1, is 10,203,305 against 8.561,440 yast year and 11.058,352 year before last. Foreign exports for the week have been 196,692 against 64,472 last year, making the total thus far for the sea son 6,137,247 against 4,484,720 last year. The total takings of American mills. North, South and Canada thus far for the season have been 3,024,075 against 3.024.775 last year. Stocks at the seaboard and the 29 leading Southern interior centers have decreased during the v>eek 110.712 bales against a decrease during the corresponding period last season of 13,522. Including stocks left over at ports and interior towns from the last crop and the number of bales brought into sight thus far frome the new crop, the supply to date is 10,450,267 against 8.813.776 for the same period last year. Big Amount of Bullion. By Associated Press. London, Feb. 25.—Bullion amounting to 20,000 pounds sterling was taken into the Bank of England on balance today. Dunn & Co.’s Review. Xew York, Feb. 25.—R. G. Dun’s weekl.v review says: Though iirogress toward normal con ditions of business activity is slow, it is steady. In this progress the iron and steel trade is taking the lead and its gain is so notable as to promise well for the other brandies of industry. ^I'ho ini]iortant rate decisions brirc: to an end a period of uncertainty that has ])revailed since the spring of 1910. Their final outcome should be an ex pension of industrial and mercantile activity beneficial to carriers and ship- pers alike. In the dry goods trade whiio conservatism as the result of the hii:h casts of production continues, yet there is no-5. .elB1w21. ,lehi,nSHRbLiUUlT is an increase in transactions and there is no heavy surplus stock lo cause jirolonged depression. Accom panying the decline in raw cotton there has been some unsettlement of cotton goods values and the impetua to cr.rtail production has been^ncreas- ed. The footwear market continuea quiet. Turpentine and Rosin. Savannah, Ga., Feb. 25.—Turpentine firm 87 3-4. Rosin, firm; type F 720; type G, 725. Life Insurance Company of Virginia aNCORPORATED AS A STOCK COMPANY IN 1371 BY THE STATE OF VIRGINIA) HOME OFFICE:-RICHMOND, VA. OFFICERS: JOHN Q. WALKER, President T. \VM. PEMBERTON, First Vice-President W. L. T. ROQERSON, Second Vice-President E. D. HARRIS, Secretary REGINALD OILHAM, Treasurer H. CABELL TABB, M. D., Medicnl Director JOHN SIDNEY DAVENPORT, Jr., Ac^ucry A. S. HURT. Auditor COKE & PICKRELL Oeneral Counsel / ,A C 3 \ l_,J .:l\ # iS3 Ijt3 3, 7 f a iaQ7-s 7szS\^.a7 1893- a 652.409.03 1^99-$ Q37.900.7Q 1900^ 1.087.27^2 QOI-SI.I51 .e©2.a7 l^02-SI,iS3Q.2l4,13 1903-$ I..^I0.293BQ 1904-S 1.681.054.36 I9Q5-S 1.869.868.47 906 DIRHCTORS: JOHN Q. WALKER I. .W-. PHMBnRTON W'. L. T. fiOOERSO V JOHN 0. HWES A. S. HURT ] COOKE -, L.‘.NDON C. ROSE E. D. HARRIS LANDON R. WALKEJI V 1907- $2.321.824.59 1908-S2.458.160.07 IQ09-S 2.588.934.0^ IQIO - S2.765.737.44- TWENTY FOUR YEARS GROWTH li FINANCIAL CONDITION, DECEMBER 31, 1910 ASSETS Bone's ■ ■''..rtzaee Loans on Real Estate............. •R«ilro.->'J anu i'lreet Railway Bonds (Market Value) “State Bonds (Market Valuej . •Municipal Bonds C*'«rket_ya'ue) •jniscellaneous Bonds (Market Value) Real Estate (Market Value) •Bank Stocks (Market Value) - •Miscellaneous Stocks (Market Value) Loans on Collateral _ Loans on Company’s Policies Cash in Banks on Interest Cash In Offices and In Banks not on Interest Interest and Rents Due and Accrued. • • • • — • • • ■ Net Uncollected and Deferred Premiums and Premlunr Notes and all other Assets |$4,m.A37.7.S .325,612.(KI 143,448.75 I89,198.8ti 99,635.00 188,253.08 55,87S.0« 4,000.00 .W ,873.69 l(i3,6&0.16 333,512.67 16,S8I.03 79,126.55 86.280.03 TOTAL ADiMITTED ASSETS $6,328,704.57 LIABILITIES Reserve, Acta»rie.«i* 4 p«f cent., American 3J and 3 per cent., and Standard Industrial 3J per cent $4,829,289.00 Premiums Paid in advance 55,677.30 All other Liabilities 221,729.72 Total Liabilities... Cepital Stock Surplus Surplus of Assets over Liabilities $300,000.00 922,003.55 $5,106,696.02 $1,222,008.55 TOTAL $6,328,704.57 h«ve examine-3 the books and records of the LIFE INSURANCE COMPANY OF VIRGINIA for the year endmg December 31, 1910, and W^vPrifled therefrom the above Statement of Assets and Inabilities at the dose of business at the Home Office as of that date, Wn have eWmined and rerified the Bonds and Mortgages, Railroad, State, Municipal and other Bonds, Stock.s and all otner Inve.stmente owned hir rvMnmnv or held as Collateral, and have proved that the Bonds and Stocks are valued at mai-ket prices on Decoiuber 31, ltdO, and that Collateral are fully secured. We have also counted the Cash on hand, and hr.vo verified the balances dppaiited -B'tli Banks, Wn hBVB tested the clerical accuracy of the Reserve on Policies in force, as certified by the Actuary of the Company, and have satisfied our> -hnt all other I.labilities are dulv provided for, end WE CERTIFY that the above BUtement of Assets and Liabilities correctly seti fon^the Ue Sclal ^ndition of the tompany on December 31, 1910. « « po.rnAt, * Richmond, V.-i,, Janaary 12,191L 1_ sets H. B. BOUDAR & SON, CertL^ed Public Accountants. (ij *Subsequent valuation of these items furnished by Committee of Insurance Commissioners increases Assets and Surplus $9,869.25. STATEMENT OF OPERATIONS DURING 1910 Insurance in Force $72,440,374.00 Increase in Insurance in Force $ 4,102,761.00 Total Number of Policies in Force 542,293 Increase in Number of Policies in Force 22,959 Premium Income. Increase in Premium Income.... Gross Income Increase In Gross Income Increase in Assets $2,765,737.44 $ 176,803.40 $3,062,146.08 $ 230,516.01 $ 965,881.83 Death Claims, etc., Paid to Policyholders. Total Payments to Policyholders Since Organization H. T. PAGE, Supt., 400-1-2 Realty Bldg., unarlotte, N. C. G. F. General Agent, 619 Realty Bide.. Charlotte, N. C. ... $ 966,186.48 $10,786,598.97 :s hlis- nise nvfi- ■>rt1 the by lll€6 . .^1. .000 lifi’ i-mr itC'J lonr hir>f CC(5 b'=i be- ,1103 inal • 1. inai .red iui- Om_. I'Mv t 5 pa. the do d') ■c'-e ^■ill on,^ fea tC9 rnt for ntil led ion all ion Ide na- C’ '>5 I- of ion tor \!ll ?ur i'.' O u ■5\ n his rflt f.n- ive igh 1'i.=; )(|0 11 ;■ of aid :he r.,- :he 31’ft If 1r> to en- !llt do is ih- ire lal 12-- on jtv n,-r> h. rd > -1 - n.s .{> m ho irt ho '•ii ^ir a 1C- of )Cl. he. le ■'U a :e k
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Feb. 25, 1911, edition 1
9
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