flPHB RALEIGH EVENIN G TIMES, MONDAY, AUGUST! 27, 190ft; '
MARKET OPENS
LESS REGULAR
And Narrower Than at Any
Time of Late
IT REACTS SHARPLY
This Occurs Shortly After the Begin
ningon Sales for Both Accounts.
St. Paul Ascends to a High Point,
But it Has Little Effect.
(By the Associated Press.)
New York, Aug. 27. The stock
market opened irregular today with
changes narrower than at any time
since the present upward movement
commenced. Atchison and St. Paul
made fractionally higher records at
107 1-4 and 198 3-8 respectively.
Union Pacific, Southern Pacific,
Amalgamated Copper and the United
States Steel stocks were, on the other
hand, slightly lower. Chesapeake &
Ohio, Northern Pacific and Louisville
& Nashville gained 1. Great North
ern preferred gained 1 1-2 and Ana
conda 4 3-8.
Sales for both accounts caused a
sharp reaction within a few minutes
after business commenced. A sub
sequent rise in St. Paul to the recorl
figure of 198 3-4 had only a slight
effect in checking the selling else
where, which was continued later on
an increasing scale. Union Pacific,
Southern Pacific, Atchison, Reading,
Locomotive and Smelting yielded 1
to 1 1-2 below Saturday's closing
and Northwestern 2. St. Paul itself
eventually succumbed to this pres
sure and went off to 197 3-8. A block
of 10,000 shares of United States
Steel was sold at 47. Meanwhile Su
gar was bought heavily and rosg
2 1-2 to 144 1-4. Shortly before 11
o'clock the market rose in sympathy
with a revived. demand for St. Paul
and Atchison, fit. Paul crossed :9S
again and Atchison recovered fully.
Lackawanna jumped 23 3-4 to 524
on one transaction.
Roth Atchison and St. Paul In
creased their gains'1 slightly to 107 1-2
and 198 7-8 respectively with the gen
eral market sharing moderately in
their rise. Renewed selling, however,
of the Harriman stocks and Reading
on a large scale undermined the entire
market and prices dropped to-the low
est of the, morning. Near noon the
selling relaxed somewhat and the mar
ket became dull and steady.
Bonds were steady.
Futile efforts were made to advance
the market by bidding up select stocks,
notably Amalgamated Copper, which
rose a point to 1113-8. Room traders,
sold the list on all rallies and St. Paul
was eventually depressed to 196 3-4.
The Harriman stocks continued heavy,
but Atchison and Amalgamated Cop
per were supported at around the best.
The persistent selling of some of
tho leaders xUtftt to have its effect
in the late afternoon' when the prac
tice of marking up special stocks
was abandoned. Large amounts of
various stocks were sold, especially
Reading, whiesubrofce 2 to 138.
A number of other favorites were
quoted a point or more below Satur
day's closing, including United
Statss Steel,' which sold at 46.
No apparent' effort was made to
stem the voffime of selling in the
final hour, '"undler which prices
crumbled away sharply. Smelting
was the weakest feature with a loss
of 4 3-8. St. Paul broke 3 3-4 be
low last week's close to 194 14.
Northwestern gave way 3, Delaware
& Hudson 2 1-2, Union Pacific 2 1-4,
and Northern Pacific, Great Northern
preferred and Consolidated Gas 2.
The closing was weak at about the
lowest.
.
New York Closing Stock List.
Atchison 106
Atchison 101
Baltimore & Ohio 117
Canadian Pacific 170
Chicago & Northwestern 212
Chicago & Northwestern pref.230
Colorado Southern 37
Denver & Rio Grande 43
Denver & Rio Grande pref . . 86
Erie 46
Illinois Central 176
Louisville & Nashville 149
Manhattan L
Metropolitan St. Rwy
Mexican Central 21
Missouri Pacific 97
New York Central 143
Pennsylvania 141
Reading 138
Rock Island 28
Rock Island pref 66
St. Paul 194
Southern Pacific 91
Southern Railway 38
Union Pacific 185
Union Pacific pref 94
Wabash 20
Wisconsin Central 26
Northern Pacific 214
Great Northern pref 322
I nt crho rough-Met. 39
Interborough-Met. pref 79 .
Atlantic Coast Line ...144
Norfolk & Western 91
Chesapeake &. Ohio i 62
Southern Railway pref 100
Miscellaneous. -
Amalgamated Copper 109
American Car & Foundry 40
American Locomotive 70
American Smelting and Refining. 156
Am. Smelting and Refining pfd. 116
Brooklyn llapld Ttam....;.., 77,
Colorado Fuel (and Irwi1;..Li ... 57
International Paper if ', . 19
National Biscuit ....J. 67
National Lead J 80&
Northern Securities
Pacific Mail 37
People's Gas 91
Pressed Steel Car 62
Pullman Palace Car 238
Standard Oil 607
Sugar 142
Tennesse Coal and Iron 158
United States Steel 46
United States Steel pfd! 107
Western Union 91
Mackay Co.'s 73
Mackay Co.'s pfd 72
American Cotton Oil 32
American Tobacco pfd
American Tobacco 4's 7t26
American Tobacco 6's 112g
Sloss-Sheffleld Steel 78
Vir.-Car. Chemical 39
Vir.-Car. Chemical pfd 109
American Woolen 37
American Woolen pfd 104
New York Cotton Market.
(By the Associated Press.)
New York, Aug. 27. The cotton mar
ket opened fair at an advance of 5 to
7 points and sold 7 to 8 points net
higher right after the call on better
cables than expected and less favor
able reports concerning the crop. Some
of the large local traders and Wall
street people seemed to be supporting
the market but the spot people, and
parties with southern connections sold
and prices eased oft during the middle
of the morning, leaving the market
rather quiet and barely steady at a
net advance of 2&3 points., Trading
was quite active at first and there
set mod considerable Viervousness ow
ing to rumors that strong interest's
were opposing each other.
Cotton futures opened firm. Septem
ber 8.87; October 9.00; November 9.11;
December 9.16; January 9.25; February
9.30; March 9.36; April 9.37; May 9.43.
Cotton futures closed steady. Clos
ing bids: August, 8.92; September,
8.97; October, 9.12; November, 9.21;
December, 9.30; January, 9.39; Feb
ruary, 9.46; March, 9.51; April,
1 51; May, 9.55.
The market was quint but steady at
midday with prices about 6 to 7 points
net higher.
Spot cotton quiet; middling uplands'
9.90; middling gulf 10.15.
Cotton spot closed quiet; middling
uplands 9.90; middling gulf 10.15; no
sales.
Estimated receipts at the ports to
day 12,000 bales against 7.693 last week
and 11,003 last year. For the week
85.000 bales against 49,414 last week
and 89,620 last year. Today's receipts
at New Orleans 351 bales against 1.0J8
last year, and at Houston 6,204 bales
against 6.305 last year.
Satur
day's Open. Close. Close.
Aug 8.92 8.78
Sept 8.87 8.97 8.82
Oct 9.00 9.12 8.95
Nov 9.11 9.21 9.04
Dec 9.16 9.30 9.11
Jan 9.25 9.39 9.19
Feb. .... 9.30 9.46 9.25
March .... 9.36 9.51 9.30
April .... 9.3 7 9.64 9.30
May .... 9.43 9.55 9.36
Liverpool Cotton Market. .
(By the Associated Press.)
Liverpool, Aug. 27. Closing Cotton
spot dull; prices 2 points higher;'
American middling fair 5.89; good mdl
dling 5.61; middling 5.39; low middling
5.21; good ordinary 4.97: ordinary 4.73.
Tho sales of the day were 3,000 bales
of which 300 were for speculation and
export and Included 2.500 American,
Receipts 2,000 bales, including 1,700
American. Futures opened steady and
closed quiet; American middling good
ordinary clause August 5.18; August
September 5.11; September-October 5.0?;
October-November 5d(ffi5.01; November
December 5d(fi5.01; December-January
5.01(5.02: January-February 5.02; February-March
5.045.05; March-April
6.06S.07; April-May 5.08; May-June
5.09.
Raleigh Spot Market
(Reported by Chas. E. Johnson ft
Company.)
Strict good middling, 10.
Good middling, 9 7-8.
Strict middling, 9 3-4.
Middling, 9 5-8.
No receipts.
Chicago Grain Market.
(By the Associated Press.)
Chicago, Aug. 27. Wheat today
opened weaker on active selling by
traders. Later the market became
firmer on covering by shorts, but the
general tone of the market remained
easy. Better weather In the northwest
was the chief r ason for the easier
feeling. December wheat opened 1-4
GS3-8 to 3-8 lower at 74 1-8 to 74 l-8l-4;
declined to 71 3-8 and rallied to 74 1"4.
The high point for December was
74 3-8. The close was easy with De
cember off 3-8, at 74 1-8.
December corn was steady around
44fil-8.
Prices held steady all day. The close
was steady with December a shade
lower at 437-S44.
In sympathy with December wheat,
oats were easy at 30 3-4.
September provisions opened easier,
pork at 17.00, lard at 8.72 1-2 and ribs
at 8.80.
Chicago Live Stock Market.
(By the Associated Press.)
Chicago, Aug. 27. Receipts 26,000;
market steady to 10c. lower. Beeves
3.856.50; cows and heifers 1.405.20;
stcckers and feeders 2.404.30; Texans
3.6D4.50; western 3.605.25; calves 6.50
7.75.
Hogs Receipts 37,000; market steady;
mixed and butchers 6.0OJS6.5O; good
heavy 6.106.4O; rough heavy 5.505.80;
light 6.006.55; pigs 5.4006.25; bulk of
sales 6.0006.40.
Sheep Receipts 24,000; market weak
to 10c. lower. Sheep 3.505.60; lambs
4.7508,00.
New York Money Market.
(By the Associated Press.)
New York, Aug. 27. Money on call
31-2051-2 per cen.t; ruling rate 4 1-2;
closing bid 4; offered at 41-2. Time
loans strong; sixty days 60612; both
rates paJid,R,JAyfi,..6..,tfi..7bol;lj, rates
paiqislx months; six gtrongtly bid of
ferings bight. ' u '
ClOse-Prlme mereatalle paper 6 per
cent.; sterling exchange weak at 484.20
0484.25 for demand and at 481.25 for
sixty day bills; posted rates 482 1-2 and
485 1-2. Commercial bills 480 1-2
0480 6-8. Mexican dollars 51 1-4. Gov
ernment bonds steady. Railroad bonds
easy.
New York Provision Market
(By the Associated Press.)
New York, Aug. 27. Flour Dull and
barely steady.
Wheat Declined. September 78 1-3-16
791-8; December 819-160817-8; May
84 3-8089 1-2.
Rye Nominal.
Corn Dull and without transactions.
Beef Steady.
Pork Cteady; mixed 19.0019.50.
LordSteady; prime western 8.70
8.80. '
Sugar Raw firm; fair refining 3 3-8
3 1-2; centrifugal 4; molasses sugar
3 1-8031-4; refined steady; crushed
5.60; powdered 5.00; granulated 4.90.
Coffee Steady; No. 7 Rio 8 5-8.
Molasses Firm; New Orleans 30ifi38.
Butter firm; creamery IS 23
state dairy 1622.
Chease firm; full cream, small,
1012; skims 210.
Eggs firm; nearby selected 26
27; western firsts 2021.
New York Poultry Market.
New York, Aug. 27. Poultry -Alive,
prices not established at a
late hour. Drassed, easier; western
spring chickens 13,15; turkeys I ''
14; fowls, 1014.
J. S .JOHNSON'S WILL
FILED FOR PROBATE.
The will of the late John S. John
son was filed in the ofdee of tho clerk '
of the Wake county superior court
this afternoon for probate; It
names his wife, Mrs. Mollie Johnson,
as executrix. The residence in this
city is given to Mrs. Johnson during
her life and then to be divided equal
ly among his brothers and sisters.
His half interest in the ice, coal
and brick business of Johnson &
Johnson is willed to Mrs. Johnson
for life. She also gets a life insur
ance policy of $7,000, in which she
is named as beneficiary.
There is another policy for $2,000
a portion of which the executrix is
directed to uso in liquidating a
mortgage and the remainder to go to
the State Board of Foreign Missions '
for use in their work. There is also
a bequest of $100 to his pastor, Dr.
W. C. Tyree of the First Baptist
church.
Holding Executive Sesisons.
The state text book commission to
day held executive session for the con
sideration of the adoption of text books
on which arguments by publishers
were heard during last week. The an
nouncement of the full list of books
will be made within the next day or
two. It Is thought that the greatest
difficulty encountered by the commis
sion will be in getting together on the
adoption of readers, grammars and
arithmetics. The readers alone consti
tute at least thirty per cent, of the
value of the text books used in tho
state.
Appeal to Policyholders.
Insurance Commissioner Young is is
suing another urgent call to the North
Carolina policyholders in the Mutual
Life Insurance Company of New York
and the New York Life Insurance
Company to attend In person or send
proxy to the meeting to be held here
September 12 preparatory for concerted
action in the election of directors at
the New York meeting December 18
Cup for Rescue Company.
Mr. Sherwood Brockwell of the
Rescue Hose Company today reecived
for the company a handsome silver
cup, the prize offered by Mr. Sol Weil
of Goldsboro to the hose wagon com
pany breaking the record made by
the Goldsboro company at Durham.
Arrested in Fayetteville.
A telegram to the sheriff's office
from Fayetteville today stated that
Oliver Brown, a negro wanted here
in connection with a theft of some
hams, sides and corn from W. C.
Blackley at Wake Forest recently,,
had been arrested. Two negroes,
Jerry Dunn and Wilbert Brown, are
now under bond for the next court
for this theft, but Oliver escaped at
the time.
Investments.
Knowing what you are putting
pour money in! You can't, lose any
thing in North Carolina 4's or 6's
mighty safe.
How about Erwin Cotton Mill
stock? Safe as safe can be, pays 8
per cent. Preferred no taxes to pay,
company pays taxes, runs ten years,
redeemable at $110 per share. The
company is not hawking their stock
around for sale. They have not n
dollar's worth for sale, all sold. I
was fortunate enough to get a few
shares from a party and can supply
a limited amount. Some of the par
ties in Raleigh who own Erwin pre
perred stock: Col. A. B. Andrews,
Mrs. Florence P. Tucker, Will H.
Williamson, N. W. West, Van B.
Moore, Mrs. Capehart, Raleigh Sav
ings Bank, St. Augustine Normal
School, and many others too numer
ous to mention. 1
c. c Mcdonald.
CASTOR I A
For Infants and Children,
liie Kind You Have Always Bought
Bears the
Signature of
LT ME SELL YOUR
if 11
1 nave cucnis ior nve and six room
cottages, well locnted; also small
farms.
$3,250 will buy you a nice hoate
near car line.
R. E. PRINCE
THE REAL ESTATK MAX.
301 Tucker Building,
RALEIGH, X. ('.
We Arc Issuing A
JOINT POLICY
Which covers both health and acci
dent. The cost of maintaining such
excellent insurance is a mere trifle,
considering -the benefits derived in
the event you become disabled or
meet with nil accident. Our Policies
have no restrictions. No mat lei' what
may he your complaint, if your doc
tor says you are unable to work
you'll be Paid your weekly allow
ance. Such a Policy is the greatest
boon of the age to humanity.
HUNTER & DREWRV
L&.xo
Clears you up. Improves your com
plexion, drives away that sallow
color. In fact,
Laxo Docs What Calo
mel Should Do
It reaches the Livfr, cleanses it
and puts it to working as nature in
tended it should do.
H ICKS'
Drug' Stores
CHESAPEAKE & OHIO
RAILWAY
Senic Route to the West
TWO PAST VESTIBULE TRAINS
WITH DINING CAR SERVICE.
Through Pullman Sleepers to Louis
ville, Cincinnati, Chicago
and St. Louis.
Lv. Richmond.. 2: 15 pm 11.00 ptn
Lv. Char'sville. 7:29pm 2:52am
Lv. Lynchburg. 4:20pm ........
Ar. Cin'nati... S :15am 5 :00pm
Ar. Louisville. .11:00 a in 8:00pm
Ar. Chicago..,.. H:30pm 7:10am
Ar. St. Louis.. 6:28pm 7:18am
Direct Connections for all Points
West and Northwest.
QUICKEST AND BEST ROUTE
The line to the celebrated resorts
of Virginia.
For descriptive matter, schedules
and Pullman Reservations, Address
XV. O. WARTHEN,
D. r. A C. & O. Ry Co.,
Richmond, Va.
Hubbard Bros. Co.
HANOVER SQUARE, NEW YORK.
MEMBERS OF New York Cotton Ex
change, New Orleans Cotton Ex
change, Associate Members Liver
pool Cotton AssociaUpa..
ORDERS SOLICITED For the pur
chase and sale of cotton for future
delivery. Correspondence invited.
To Drive Out Malaria
And Build Up Tho .System
Take the Old Standard GROVE'S
TASTELESS CHILL TONIC. You
know what you are taking. The form
ula is plainly printed on every bot
tle, showing it Is simply Quinine and
Iron in a tasteless form. The Qui
nine drives out the malaria and the
iron builds up the system. Sold by
all dealers for 27 years. Price B0
cents.
THIS IS MOSQUITO SEASON!
Guess You Know It.
This Canopy Will Put Them Out of
Business
Ceiling or Frame Canopies
on 00 .Gvr 1
rAopli if J5omoa cfuroiture
At Our Prices, WhicH Are Positively
Lower Than Elsewhere
Every home can discard the old bundlesome furniture and sub
stitute .Metal Beds.
It is our desire to add you to our already long list of patrons,
and terms and prices will be made that will make you a permanent
customer of this store.
CASH OR CREDIT.
The Raleigh Furniture Co.,
JAS. M. RIGGAN, Mgr.
THE MARKED PROGRESS OF NORH CAROLINA
IS BEST SHOWN BY THE CONDITION OF STATE BANKS
In Five Years the Deposits in State Banks Alone Have Grown From
In 1901, . . . . . . $ 9,800,000
In 1906, 33,600,000
See How The Tide Has Turned!
THE COMMERCIAL AND FARMERS BANK
of Raleigh, N. C,
STANDS FIRST AMONG THE a5- state banks which do
NOT PAY INTEREST ON DEPOSITS
J. J. THOMAS, President B. S. JERMAN, Cashier
A. A. THOMPSON, Vice President H. W. JACKSON, Assistant Cashier
. .ifleWM
ill .i i !. i. iii ii .1. m i .i. ii yj Mi ji iinii
1r9WWW W W W WWW
THE CITIZENS NATIONAL BANK
RALEIGH, N. C.
ASSETS ONE AND A QUARTER MILLIONS.
Safety Deposit Boxes for rent $4.00 per annum. For protection of
your Jewelry, Insurance Policies, Deeds, Wills, Bonds and other
valuable papers.
r.li.li Hfal !. Jli fl n Jli Jli inponrmni
THE STRONGEST,
SOUNDEST AND
BEST SELECTED.
BILLY TAYLOR, Manager.
Always here for the person want
ing a si) on re deal.
J. . Me Co. fc
SPECIAL CHINA SALE
In order to reduce stock and make room for other goods, we
will offer all China and Bric-a-Brac at one-third off for cash until
September 1st. See window display.
J. C. ELLINGTON,
Raleigh, - - North Carolina
'EM OFF
Baby's Sleep Is Sweetest
in An Iron Bed
Of aU the Furniture that has
been invented to dute, nothing has
come into such populur favor as
Metal Furniture. It is absolutely
the cleanest, coolest and the most
comfortable to sleep upon.
1.. t t. la tit n yi ii ii tininif -ir tf tii ip t
WWW www JPWWPWWW WW
JOSEPH G. BROWN, President.
HENRY E. LITCHFORD. Cashier.
mwniwil
Is Money to Build a Home
Under the Plans of the
Mechanics & Investors Union
A Home is within the reach of almost
any salaried man. A monthly pay
ment of Ten Dollars for 100 months,
(about what you are paying for rest)
will give you Five Hundred Do Bars
with which to build a Dwelling and
will provide a Savings Fund of Two
Hundred and Fifty Dollar to be paid
to you at maturity with Which to edu
cate your son at the A. and M. Col
lege or to enlarge your house.
For full information, Write to
GEORGE ALLEN, Sec.,
Pullcn Building.
NEW FICTION
At Low Prices.
ELABORATE CLOTH BINDING
At SO Cents, id,
ADE, GEORGE
Fables and Slang.
ALLEN, JAMES LANE
, Choir Invisible.
ATHERTON, GERTRUDE
The Conqueror-
BARRIE, I. M.
The Little MJolftt-r
CHURCHILL, WINSTON
The CelWM-iij
CORRELLI, MARIE
The Master Ohrlsu.
CRAWFORD, MARION
In the Palace of tbt hum,.
DAVIS, RICHARD HARDING
Soldiers of Fortune.
DOLYE, A. CONAN
Adventures of Sherlock Holmes.
Hound of the BaskervlUos.
EVANS, AUGUSTA J.
St. Elmo.
Ford, PAUL LEICESTER
Honorable Peter Sterling.
GREEN, ANNA KATHERINE
Filigree Ball.
HOPE, ANTHONY
Rupert of Hentzan.
HOUGH, EMERSON
The Mississippi Babble.
LONDON, JACK
The Can of the Wild.
MAJOR, CHARLES
When Knighthood Was In Flower.
McCUTCHEON, GEO. B.
1 Graustauk.
TARKDfGTON, BOOTH
Gentleman From Indiana.
Send for our list of a 1.000 titles.
The best values ever offered In books.
ALP. WILLIAMS GO.
Cmcrson,
&IJMSI
Why not be comfortable during
the hot weather. Get an Electric
Fan and yon will be. Come in and
try one.
Raleigh Constrn
133 Fayetteville Street.
SAFE?
Are your valuables: jewel
ry, stocks, bonds, insurance
policies, etc., safe from fire?
Wo have Safe Deposit Boxes In onr
Fire and Burglar Proof Vault.
$2.00 A YEAR.
Yon are cordially invited to inspect
these.
Carolina Trust Company.
A. J. RUFFIN, President
LEO. D. HEARTT, Vion President
and General Manager.
H. F. SMITH, Cashier.
sSl'
1 r
if
1