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Newspaper
Charlotte News
Location
Charlotte, North Carolina, United States of America
Date
Jun 08, 1911
Page
12
The market reports show June spot cotton steady while new crop months rise on futures. Overnight news notes light rains easing crop worry in the East and dry warmth in the West supporting gains for new crop positions, with old crop tests and selective selling by bulls as margins adjust.
Chicago grain markets slid as relief that the government crop report would favor bears weighed on prices. Wheat led declines with July futures down to about 91 3/4 while corn and oats also softened. Cash grain quotes shown for Wheat, Corn, and Oats with various grades and prices. Hog futures rose, lifting pork and lard quotes.
A scrambled OCR snippet shows cotton and grain price notes with figures like 6 points lower and a price around 1.70. It mentions speculative activity and a dated ledger style, but many words are garbled, yielding unclear entities or events.
Cattle receipts at Chicago and Minneapolis show steady to higher prices with totals near 20 000 in Chicago and 16 000 in Minneapolis. Market activity features mixed bids from sellers and buyers, with several lots noted at 4.50 to 6.80 per hundredweight and overall movement of produce described in a routine market report.
Fragmentary financial notes show June turpentine at 6.85 to 6.87 and New York money markets with prime at 3 1 2 to 4 per cent, bank bills slightly steady, call money around 2 3 4 percent, and sixty to ninety day rates around 2 1 2 to 2 3 4 percent.
New York market notes show Jones Cotton spot prices down while middling cotton in the gulf district trades around 16.19. Traders note uncertain demand and limited liquidity amid weather and supply concerns.
Report notes pond rising toward full capacity with water at two inches above a marked level as of 7 a.m. Hutchison comments on water conditions and potential impacts.
City property owners must return to the city clerk and treasurer details of property taxable by June 1911. The list should include parts of lots and property now taxable or foregone and all taxable property. A. J. Wearn is city clerk and treasurer and will receive returns at City Hall on the first day and each subsequent day in July 1911.
New Orleans cotton futures opened steady with gains before weather data sparked a selloff. Traders noted light showers in the east, high temperatures, and late-day declines with prices finishing lower on the session while later prices in the afternoon remained steady to down from yesterday's close.
Chicago markets report butter creameries Daisies and other items steady with mixed quotes for cheese and veal prices. New Orleans spot cotton closes steady with mids around 15 7 16 to 16 1 18 and strong inventory at 76,713 held with 200 receipts.
Cotton seed oil in New York closes with mixed bids and noted sales. Spot and near contracts show values around 6.58 to 6.66 with several hundred lots traded across June through January positions. Total sales reach 5,700 units.
American securities opened steady and a fraction higher in London amid light early trading. By noon prices were 1 point above to 1 4 below prior New York close and improved in the afternoon with Union Pacific Southern Pacific and Erie issues mainly active. Messrs Audrey and Hunter open local offices in Realty Building as agents for National Life Insurance Co of Boston.
The June crop report from the Agriculture Department lists spring wheat acreage at 20 757 000 acres, winter wheat at 31 367 000, with all wheat yield per acre at 14.7 bushels. Spring wheat condition is 94.6 and winter wheat 80.4. both are compared to 1910 acreage and 10 year averages.
In a letter from Tex Rickard, the Reno promoter of the Johnson-Jeffries fight proposes a $50,000 purse for Jack Johnson to fight two men in one day for the world championship in Buenos Ayres. Rickard believes Johnson could defeat both back to back and asks for a 15 minute rest after the first victory.
Message from treasure seekers aboard the steamer Eureka reports a successful recovery of a large gold cache buried by a Chilean cruiser crew off the Honduran coast over two decades ago. Estimates range from 15 to 65 million dollars. the party, financed by Harry Krelling, heads for San Diego with Captain Burtiss at the helm.
Unsettled conditions with occasional showers tonight and Friday. North Carolina outlook shows showers with moderate northeast winds through the period.
A low mood front moves from Florida northeastward bringing heavy rainfall to South Carolina, Georgia, and western North Carolina with especially 1.0 to 1.9 inches in Charlotte Charleston and Columbia. Cooler unsettled conditions persist in the Carolinas while the upperMissouri valley sees light precipitation and the gulf coast remains fair.
Georgia showers tonight or Friday except fair in the northwest portion light to moderate north to northeast winds extend to Alabama and Mississippi. Generally fair tonight and Friday with light variable winds. New Orleans June 8 forecast Louisiana East Texas tonight and Friday fair with little temperature change. Light variable winds on the coast. Arkansas Oklahoma and West Texas tonight and Friday generally fair.
A Hoboken police platoon stood at attention when Sergeant Patrick Hayden left the line to enter an ante room and fatally shot himself. Officials say he was despondent over his ill son and sleep deprivation.
Attention veterans and descendants urged to attend the Mecklenburg Camp of Confederate veterans meeting on Saturday the 10th at 11 o'clock. All soldiers Sons and Daughters of the Confederacy invited to attend by order of Commander W M Smith and Adjutant H D Duckworth.
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