Newspapers / The Charlotte Observer (Charlotte, … / Feb. 28, 1912, edition 1 / Page 9
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THE ChhttLU l i ti iM tvvb. FctfBUAaY 26 " 9 1 2 9 STOCKS BONDS MONEY 3 York Stock Market New York, Feb. 28. (Wall Street) Trading was light and featureless at the opening of today's stock . market. side from a decline of 1 point in Beth, iehem Steel, changes .were only frac tional with losses exceeding gains. The market reversed its course sooon after the opening, growing ac tive and strong. All the speculative favorites moved upward as did also Louisville & Nashville, Atlantic Coast Lane, American sugar, Amer ican Telephone & Telegraph and the copper shares. Activity soon gave vay to dullness and prices eased on. The short Interest was given a twist In the afternoon when large purchas trg orders were executed simulta neously In the principal stocks. Read ing was the leader of the movement and its rise of 2 points was supple mented by advances of about half as much in Union Pacific, Lehigh Valley, Amalgamated Copper, American Smelt Ins and U. S. Steel. With the approach of the noon hour the market's apathy increased and further cancellation of some of the rarlier gains were recorded. Bonds steady. Central Leather, preferred, gave -way over two points on the publica tion of the annual report which show ed a deficit of over 52,000,000 after fixed charges and dividends. The rest of the market was not influenced and even advanced slightly in spots. ' The market closed strong. Activity increased In the closing hour and there was a further expan sion of the buying movement. .Union Pacific and Lehigh Valley increased their gains- 2 points and many other stocks also rose materially. Trading fell off greatly before the close but the general market retained . its strength. New York Stock List. Last sale Amalgamated Copper .. .. 67 American Beet Sugar . . American Car & Foundry 53 51 b4S 32 American Cotton Oil . . American Locomotive .. . American Smelting .. .. American Smelting pfd .. American Sugar Refining . Anaconda Mining Co. . . . Atchison . . Atlantic Coast Line .. Baltimore & Ohio Brooklyn Rapid Transit Canadian Pacific Chesapeake & Ohio . . Chicago & Northwestern Chicago, Mil & St. Paul . Colorado & Southern . . Delaware & "Hudson Denver & Rio Grande . . Denver & Rio Grande pfd Erie Great Northern pfd . . . Great Northern Ore Ctfs . Illinois Central 72, bl03 119 36 104 135 102 78 230 - 71 bl42 105 b43 171 b21 b41 31 133 bl35 Interborough-Met .. 1SU Interborough-Met pfd . 68 . 153 . 39 . 27 . bl45 . 54 " . 110 . Ill . 117 . 38 . 122 . 106 . bl58 . 155 . 23 . 48 . 108 . 27 . 16SU . -61 . 108 7 . 18 . 85 . 159 . 105 . 160 VI Louisville & Nashville . . Missouri Pacific . . . . Missouri, Kansas & Texas National Biscuit .. National Lead . v T. ..... New York Central Norfolk & Western , e . . Northern Pacific . . Pacific Mail .. .. .. Pennsylvania People's Gas Pullman Palace Car Reading Rock Island Co Rock Island Co. pfd Southern Pacific .'. .. Southern Railway . . Union Pacific United States Steel United States Steel Wabash pfd Wabash pfd Western Union Lehigh Valley international Harvester General Electric London Stocks. London, Feb. 28. American' securi ties were quiet and featureless during the early trading today and at noon prices ranged from unchanged to 1-2 closing.1 In the afternoon Amalgamated. Cop per improved while the rest of thej list sagged. Close auiet. ! Money Market. New York, Feb. 28. Close: Prime N mercantile paper 3 3-4 to 4 1-4. - Sterling exchange, steady with ac tual business in bankers bills at 4. 84.40 for 60 day bills and at 4.87.25 for demand. Commercial bills 4.83 3-4. Bar silver 58 7-8. Mexican dollars 47. Government and railroad bonds stead-. New York Money. New York, FeD. 28. Money on call steady 2 al-2 per cent; ruling rate 2 3-8; closing bid ; offered at 2. Time loans firmer; sixty days 2 3-4 a3; ninety days 3a 1-8;, six months 3 l-4al-2. Naval Stores. Savannah, Ga., Feb. 28. Turpentine firm 46 1-2. f. Rosin firm, F 672 1-2; G 675. Crude Cotton Seed Oil. Atlanta, Ga., Feb. 28. Crude cotton seed oil 33. Biandt Released ' From Prison By Associated Press. New York, Feb. 28. Folke E. Brandt .ormer valet of Mortimer L. Schlff, sentenced to thirty years imprison ment for burglary in the first degree, R"as formally released from the tombs today, details of his bail bond having been adjusted. He left the criminal courts building immediately followed by a large crowd. MRS. JORDAN TO RETURN TO GEORGIA. Mrs. George Jordan, who has been spending several months with her parents, Dr. and Mrs. John L. Cald well, expects to return soon to Geor rit, to spend some time with her husband's family. J Financial--Commercial Cattle Market Chicago Cattle. Chicago, Feb. 28. Cattle receipts 13,000; market quiet Beeves Texas steers .... . Western steers . . . , . Stockers and feeders , Cows and heifers . . . C&lvcs . . 7 5 10 ri) 8 61 475 s 510 7 15 2 9 (ft fi'sn 5 75 S 8 20 Hogs, receipts 22,000; market slow 5 higher. Light 6.15 6.50 6.20 6.52 6.25 6.55 Mixed Heavy .. .. 1 V. Rough .. .. Pigs .. .. Boulk of sales 6.40 6.50 Sheep, receipts 25,000, market slow gnerally ateady. - - Native Western . . Yearlings . . 3.40 4.90 3.80 4.90 5.00 5.85 4.50 7.00 5.00 7.10 Lambs, native Western .. . Chicago Gram Chicago, 111.,, Feb. 28. Wheat today showed a downward tendency "on ac count of weak cables but commission house buying develop sd a rally. The opening was l-Sal-4 lower -to a shade up. May started at 100 1-8 to l-4a3-8, unchanged to l-Sal-4 off, and reacted to 100 12. Generally favorable weather condi - tions made corn easy. May opened the j same as Monday night to l-Sal-4 lower ! at bs to 68 i-sal-4 but recovered to 68 1-4. Oats suffered from the depression of other grai. May started unchanged to a-5 lower at 52 to b'l 1-8 and later re-; acted to 52 l-2al-4. Shorts In provisions covered in live- ly fashion. Initial sales were at 5al5 advance with May delivery 1537 1-2 for pork, 912 1-2 to 915 for lard and 860 for ribs. Later the market became bare of offerings and responded quickly to re ports that millers were active buyers and that estimates of American re serves were less than half as much at -last year. The close was strong with May 2 1-8 net higher at 1.02 3-8 i aw. offerings brought about decided firm- ness later. Th rlns tvns stroner with v -v. jJJjuif v--' ""i. wuoo nao buuus Tnv 1 .9 a -8 higher- at fiQ Llo nll Wheat No. 2 hard 1.00al.05;v 1 northern 1.10al.l3; 2 do, 1.08al.ll; spring 1.00al.08; vel vet chaff 90al.06; drum 90al.O7. No corn. " Oats No. 2, 52; 2 white 52 2a53; standard 52a3-4. Rye No. 2. 89 l-2a90. Barney 80al.29." Timothy 11.00al4.50. .Clover 16..va22.00. Chicago Grain and Produce. High. Low. Cloie, WHEAT May 102 1 100. 102 July 97 95 96 Sept : ... 95 : 98 95 CORN - - May 69 68 69 July 69 67 69 Sept 69 67 69 OATS May 52 52 52 July 48 47 48 Sept 41 40T4 41 PORK, bbW- May 15.47- 15.30 15.35 July 15.77H- 15.65 15.67 Sept 15.97 15.85 15.85 LARD, 100 lbs. May .... .. 9.22 9.12 9.17 July 1 9.37 9.3.0 9.35 Sept i 9.55 9.4?; 9.50 RIBS, 100 lbs. May i....- .. 8.6T' 8.60 8.60 , Julv 8.70 8.65 8.65 . Sept 8.85 8.77i 8.77 CHARl-OTTL PRODUCE Eggs, per doz ... Turkeys Hens, per lb. ... Chickens,' per lb J3utter, per lb. , Ducks, per lb. . .25 .17 .12 .10 .25 .10 .08 .95 .70 Geese, per lb Corn, per bu . Oates, per bu Chicago Provisions. Chicago Feb. 28. Butter steady; Creameries 25a28; Dairies 28a30. Eggs week, receipts 5591 cases; at mark, cases included 22a24, ordinary firsts, 24a25; firsts 28. Cheese steady, Daisies 17 l-4al-2, Twins 16 3-4al7, Young Americas 17 1-4 al-2, Long Horns 17 l-4al-2. , Potatoes steady; receijts 56 cars; Wisconsin 110, Michigan & Minnesota 1.08al.l0. Poultry steady, turkeys live , dressed 18, chickens live 14, dressed 14al5, springs live 15, dressed 14al5. Veal stead, 7all. ' New York Cotton Seed Oil. New York, Feb. 28. The cotton seed oil market closed steady. Closing prices: Spot 5.48; March 5.49a5.50, 100 sold 'at 5.49; April 5.55a5.57; May 5.60a5.62; June 5.67a5.69; July 5.73a 5.75; August 5.83a5.86; September 5.86a5.88; October 5.70a5.75. Sales between third and fourth calls: 1,900 March 5.49; 500 April 5.56. Total sales 10,500. Ay cock lb Speak Here Ami 14th Ex-Governor Aycock is to, speak In Charlotte about the 14th of April. This statement was given The News today by friends of ex-Governor Ay cock. He will open his campaign in Raleigh, coming soon after to Char lotte. "You can say," said an enthusiastic Aycock man, "that Governor Aycock la in the race to the finish the winning finish." t BOOKKEEPER IN LUMBERTON POSTOFFICE ARRESTED. Raleigh, N. C, Feb. 28. At Lum- berton Dostoffice inspectors arrested B. F. Stephenson, bookkeeper of the Lumberton postoffice for the last five vearsv on the charce of being f 4u short in his accounts. He was commit- ted to Jail In default of $700 bond. He protests Ms Innocence. 3?E COTTON GRAIN PRODUCE t New York Cotton flew York, Feb. 28. Cotton opened steady at an advance of 3 points on J Beneiaujr x 10 a puiuia lower in response to disappointing Liverpool cables. During the early trading it soldi off to al net decline of ahoiit 6 to 7 points under realizing or "Oxidation by yesterday's buyers sources. Trading was not active, i " The unfavorable western belt fore cast steadied the market during the middle of the morning and prices 6.25 6.35 worKea 6 or 4 points up irom tne iow ! ! 4!60 (5) 6 20 ' est tut there was no improvement in the volume of business. The under tone continued more or less unset tled with prices at midday about 8 to 6 points under the closing figures of last night. Spot quiet; middling uplands 10.45 nominal. Close New York Spots New York, Feb. 28. Spot cotton closed quiet; middling uplands 10.45; do gulf 10.70; no. sales. Trading was very quiet during the early afternoon and the market ruled some 3 to 5 points net lower. Close New York Futures New York, Feb. 28. Cotton futures closed quiet and steady. Open. High. Low. Close Jan 10.46 10.48 10.4S 10.4547 10.16 10.16 10.15 10.1013 10.11 10.13 10.08 10.1112 tv,u Mar Mar 10.11 10.13 10.08 345-c April May June 10.22 10.20 10.20 10.1820 10.29 10.29 10.23 10.34 ' 10.32 10.2728 10.3335 10.3738 10.3739 10.3537 10.3940 10.4143 10.4648 i July 10.38 10.41 10.36 10.40 10.40 10.48 10.40 10.33 10.41 10.35 10.38 10.36 10.42 10.36 Aug Sept ... J Oct . . . Nov . Dec- 10.48 10.44 New Orleans Cotton New Orleans, La., Feb. 28. Cotton futures opened steady at a de'cline of 2 to 5 points on disappointing cables. Even with Liverpool futures lower than due the market did not have much or any selling power. The weather map ditions over the cotton belt out tne 8romUh8 we3 new crop montns were iaarxy weu ueia T,illa ffi.w1 no mm. 1JU"a vy"-"-'" " iPort but allowed the market to take were rather disposed to wait for the labor situation in England to clear. At the end of the first half hour of business prices were 4 to 5 points, un der yesterday's close. The market was dull and featureless after the middle of the morning. Busi ness was practically of a scalping na ture. At one time bulls were said to be giving out a few buying ordersjjut their purchases were not large enough to materiallyy affect the market, which Lwas steadied chiefly by the promise T . . . , . . . 1 11. oi unsettled weatner overxne cotiuu belt. At noon prices were two points under yesterday's last quotations v on the trading- months. - Opening: New Orleans Futures. New Orleans, La.,sFeb. 8. Cotton fu tures opened steady. March 1050a54; May 1052a53; July 1058a; Aug. 1051a 53; Sept. 1049a51; Oct. 1046b; Dec. .1048a50. , Liverpool Cotton Market Liverpool, Feb. 28. Closing cotton: Spot in fair demand, prices 2 points higher. v Amerlcan middling fair .. . . 6.56 Good middling 6.18, Middling .. .. .. .. .i 5.92 Low middling 5.62 Good ordinary 5.24 Ordinary 4.98 The sales of the day were 8,000 bales, of which 500 were for specula tion and export and included 6,800 American. Receipts 17,000 bales, Including 2,- 100 American. Futures opened steady and closed quiet. , Fbruary . . Feb-March . March-April April-May '. May-June . . June-July . . July-Aug .. Aug-Sept . . Sept-Oct .. Oct-Nov Nov-Dec .. Dec-Jan . . ' Jan-Feb . . Feb-March . 5.68 i 5.68 5.68 5.69 5.69 5.69 5.69 5.66 5.64 5.62 5.61. 5.61 5.61 5.62 m mi Charlotte Cotton Good middling .... Cotton seed, per bu 10 27c Southern Spot Market Macon, Ga., Feb. ' 28. Spot cotton middling 9 7-8. " Augusta, Ga., Feb. 28. Spot cotton middling 10 5-8. Savannah, Ga., Fell. 28. Spot mid dling steady 10 1-4. , Memphis, Tenn., Feb. 28. Cotton spot steady, unchanged; middling 10 1-2. Night f Riding Reported. By Associated Press. Hopkinsville, Ky, Feb., 28. When reports of "night riding'' at Kenne dy, in southern portion of Christian county, were received .here this at ternoon a special session of the grand jury recently empannelled was im mediately' ordered. Meagre reports were to the effect that two negroes had been dragged from their beds early this morning and whipped unmercifully. Recubllean TrooDS Revolt. Hankow, China, Feb. 28. A portion of the republican troops stationed at Wu Chane revolted during the night Considerable fighting occurred but no details have reached here regarding the casualties, been closed. The city gates have The outbreak is attributed to dls- satisfaction among the soldiers be- , cause of non-receipt or pay. The foreign gunboats stationed here have been ordered to hold themselves I"1 reantness tor eveniuauueu. Society toght At Continued from Page One. Show Is Rev elation lo All Turning from' society to the main object of the meeting the exhibits the throng examined and re-examined the cars. Every booth was filled constantly, with Interested on-lookers many pros pective buyers. The chassees attracted particular attention, for they told "the reason why." ; There are three of these curious looking thing: which suggest the skeletonlc remains of some pre-his-toris-animal: one in the Maxwell booth one on the Studebaker stage, one in the Ford booth. All three were in oper ation last mgnt. First Sale. The flrBt sale recorded at the show was made by the American Motor Car Co. The car sold was a Whiting. It was bought by a gentleman from Statesville. The company wa proudly displaying the cheque for the sale last night. The sale was made by Mr. W.' R. Smith. Costliest Exhibits. v The cars attracting attention by reason of their cost, as well as ele gance are the Winston. Six a six cylinder costing $3,500; Stoddard Dayton, $2,800. and Pullman $2,250. The North Carolina Cars. "Have you seen the cars made in North Carolina?" was a question heard last night as often as that "Have You? I Have" question proposed by Mr. Fletcher, of the National Chemi cal Fire Extinguisher. Every Tar Heel feeling a just pride in these North Carolina cars madei by the Corbitt Automobile Company, of Henderson, N. C, was telling every other TarHeel about the car. There was a crowd around them all evening. Accessories Exhib ited At Show Mr. W. P.Monroe, of Wilmington, has a booth in the Auto Show In which he is- demonstrating the value of . his body polish which is used on automo biles. He also ' handles Auto Shine, which is used in' polishing metals. His , fft Dnnvon of train Mr. M. H. Epp, a well known Char lotte man, representing the J. P. Dav; ies Company, of Dayton, Ohio,- is m charge of the Davies booth, where the products of the Dayton factory are shown. "Buckeye Cleanser," the soap which cleans and polishes without scratching, and "Whiz," the hand soap, are given special attention. The form er is a linseed soap, of purely vegeta ble composition, land is used extens ively in laundries. The American Motor Car Company has- a vulcanizing and paint depart ment, which occupies a, conspicuous place in me accessories exniDits. The Handy Company, s-howing a large line of accessories, maintains "a booth where many people stop and lis ten to the explanation of the courteous attendants. .. i . Paraphrazing. the Mutt and Jeff catch line Mr. Fletcher, of the Na tional Dry Chemical Fire Extinguisher has a little pendant on the reverse of which is found: "I have you." His exhibit, in the southeast corner of the Auditorium is a most important show ing. : All sorts of tires are to be found In the booth of the Shawmut tire peo ple. The Consolidated Tire and- Oil Company, of this city, is the distribu tor of Shawmut tires. The Shawmut production is shown alongside others, which shows the differences in a strik ing manner. The Goodyear Tire and Rubber Co, and the Diamond Rubber Company have fine exhibits of tires. The latter, company has a demonstrator on the floor Mr. A. A. McCoy, of the compa ny's factory. .. Turn Of The Motoj Mr. Zeb Vance Taylor last night ex pressed amazement and pleasure when he surveyed - the Automobile show and declared that It so far sur passed anything he had hoped to see that hew as astonished and could scarcely realize that this is Char lotte's show. Throughout the evening Mr. Tay lor inspected the various exhibits, asked many questions about features which were not quite clear to him, listened intently when expert demon strators discoursed on this or that or. the other feature of some particular machine. , Throughout the evening Mr. Tay lor inspected thev arious exhibits, asked many questions about .features which were not quite clear to him, listened intently when expert demon strators discoursed on this or that or the other feature of some particular machine. The showing of the battleship gray runabout built by the Corbitt Automo bile Company, of Henderson, attract ed the attention of Mr. Taylor. This machine is built at Henderson, this state. Mr1. Taylor spent some time gb intr over the North Carolina built machine. A pretty touch of color was given the Automobile. Show last night when the Mecklenburg Automobile Com Dany, in whose section the trophies won by the Pullman Automobile Com pany's cars were shown, ., nlled tnese handsome cups wun oeauuiui iuuar- ney roses from Charlotte green houees, and throughout the evening this section, was a point of attraction for the visitors to the fair. Man ager George A. Howell, and his hand some son, Mr. Wallace Howell, of the Mecklenburg Automobile Company, were present and showed all . visitors every possible courtesy, -but was tiom- pelled to refuse to allow the ladies to "thin 1 out ' tne nanasome pins roses The Ford Company , waxed so gen erous last night that they gave away autos unique auto books in the shape I of autos, perfect representatins of 17 . i; U. S. Department of Agriculture. . . J$r , v t o WEATHER BUREAU. r -3ni -.VQ ' . WILLIS U MOORE, Chief. : "TjvJf I If 2rf ' t55 -1G' ' r i Ya v rWEATHER" FORECAST n 60' Charlotte, N. C, Feb. 28. 11 - 'VQ N Fair tonight and Thursday: , , ...." U54 X v colder Thursday. ( ,Vi - 304 ' . W Observations taken at 8 a.m., 75th meridian time. Air pressure reduced to sea level. Isobars (continuous liaes) pass through points of equal air pressure. Isotherms (dotted lines) pass through points of equpl temperature; drawn only for zero, freezing. 9CP, and 100?. O clear; Q partly cloudy; Q cloudy; (g) rain; f) snow; f) report missing. Arrows ny with the wind.. First figures, lowest tem perature past 12 hours; second, precipitation of .01 inctf orTraore for past 24 hours; third, maximum wind velocitjr.fi'.- ' '' ' "', ' THE WEATHER . . Weather Conditions. Being influenced by Increasing pres sure, over the east, southeast and north west, it , is considerably cooler today in these sections. A high pressure area of considerable strength is central over Montana. Zero temperatures occur in nearly all the states along the north ern border, it being ten degrees below zero in several instances. J An area of low pressure is central over 'the far southwase and is 'caus ing warmer weather from Texas and Arkansas, westward to the Pacific. Precipitation is, reported from the northeast, and local snows in the northern Mountain region. The indications are for cdntinued fair weather tonight and Thursday, in this vicinity, with colder Thursday. O.sp. ATTO. Observer. 1 1 the Ford. These books contain "2b reasons why," auto-istic rhyme. "Guess this is'some show," remark ed Manager J. H Ham, of the United Motor Charlotte Company, this morn ing, as he surveyed the work of the association and took note' of the num ber of people wo continually entered the auditorium. . ' ' . The Hupmobile has a neat ad a postcard showing a Hupmobile coupe of 20 horse power. The cards were great demand last night. Many shew visitors mailed cards om . the Hup and Hudson booth. ' J ,; Freight Reductions Annulled. By Associated Press. Washington, Feb. 28. -An order of the interstate commerce commission Reducing certain classe" " of ; freight, rates from New Orleans to Montgomr ery1, Selma and Mobile, Ala., and to Pensacola, Fla., . today, was annulled by decision of the commerce court..) Dealers Wanted for v MR. J. E; PETERS, representing the REGAL MOTOR CAR CO., of Detroit, Mich., is attending the Charlotte Automobile Show and is prepared to appoint agents in unoccupied territory and will be pleased to meet any owner of a He is stopping at sl-ow closes, or may be We thought our showing of Auto Gloves, Caps, Rain Coats, etc. were fine, but after Visiting Ours compared with that just about as a "light : ning bug to the noon day sun" It's Fine But Look at Co Mb BXPLANATORY KO'S'SSi Wire Good We invite you to call and see the Wire Cooking Baskets, New WireEgg Whips. 1" -i ; HThese are all new stock - and you will be pleased " after usin g c HARDWARE CO. st- egp liotor Regal Car. ' the Selwyn Hotel where he seen ait The Charlotte News J KSJE51 ed: the Show Last Our "Sorosis" Shoe Window L N LONE CASH CLOTHIERS 1 rf ( will remain until the booth at the show. '. ,-,...!' Cars Night CO
The Charlotte Observer (Charlotte, N.C.)
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Feb. 28, 1912, edition 1
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