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Newspaper
Charlotte News
Location
Charlotte, North Carolina, United States of America
Date
Jun 20, 1911
Page
10
The June 20 session shows mixed moves with spot and middling cotton stabilizing near yesterday’s close while Canadian Pacific dips 3/4. Panama bonds trade actively around 102 7/8 to 103 1/8, and large cap issues like American Telephone and U S Steel retreat amid broader market stagnation and selective rallies in Virginia Carolina Chemical and other names.
A garbled market snippet reports closing cotton notes with prices about one point lower. There is scattered data on 5,000 lots for speculators and 4,600 lots included, but most of the text is unreadable. The fragment hints at slow trading and small changes in values.
Rainfall spread across the Cotton Belt with cloudiness in the east and middle southeastern Texas. The forecast calls for tonight and Wednesday as generally cloudy in Southeast Louisiana with temperatures easing and a small drop in the expected high.
A fragmented note outlines a proposal to tighten controls on patent medicines, aiming to curb misleading cures and profits from false remedies. The text references the Pure Food law and federal decision language about mislabeling and distribution limits.
Workers strike at Spencer claiming low pay and poor hours. Company shifts bring Greensaints workers to replace strikers as freight cars are serviced with reduced daily wages amid mounting town tension.
June 20 report shows call money at 2 percent ruling rate 2 3-8 bid and offered at full. 66 days 2 1-2 bid and 21-202 3-4 offered. 6 months rates noted. Carl Morey reports market activity with call money shifts and bid offerings.
A reader touts a kidney remedy for kidney and bladder control and praises two bottles as most effective. The note mentions Bowen Drug Square and a Catherine Street address as the source of the medicine.
Notice to creditors announces an assignment by E F Creswell assignee for Majestic Company. Creditors are urged to file in the Superior Court proven statements as required by Revisal 972 M 17th 1911.
New York opened with cotton firm on favorable cables and near-term demand but cautious trading as weather forecasts and a weekly Bureau report weighed on confidence. Chicago wheat surged on crop damage reports from South Dakota, with moisture in the region still scarce.
New Orleans cotton markets opened steady with advances of 4 to 11 points as improved cables and rain in the belt spurred buying by shorts. Weather forecasts show eastern belt showers, western fair, with prices up 10 to 20 points intraday. July and other months quoted around 14 to 14.8 cents.
American securities opened quiet and steady in London with forenoon trading limited and prices near yesterday's New York close. By noon the market held a steady tone with some gains, but afternoon activity faded and the session ended dull though closing was steady.
Tremendous rainstorm visited Crab Orchard causing washed fields and little wind damage. Separate note reports light rain at intervals and a separate mention of Charlotte’s fine shower overnight, with New York Cotton Seed Oil closing prices and sale figures for June through January.
In St Louis on June 20 cash grain prices moved higher with wheat No 2 red new at 87 1 2 cents a bushel and old at 89 while No 2 hard stood at 90 ad6. Corn climbed with No 2 track 56 1 4 to 56 1 2 cents and No 2 white at 56 1 2 to 57.
Liverpool reports weekly cotton statistics with imports totaling 32,000 bales including 25,000 American. Stocks rise to 748,000 bales overall and 610,000 American. American forwarded stands at 27,000 bales. Total exports amount to 3,900 bales.
New Orleans June 20 report lists prime refined oil at 6.25 dollars per barrel and meal at 28.87 per long ton with 8 percent ammonia. Cake price recorded at 26.25 per unit.
Turpentine firm 51 3 4. Rosin firm 6 70 to 6 75. Virginia Carolina Chemical. New York June 20. Virginia Caro. WANTED A wet nurse. OC.C lina Chemical 55, Schenck, Seversville. 20-3
A farewell service in song and prayer will honor Rev Leroy Tate Newland and Mrs Newland at Second Presbyterian Church tomorrow evening. They depart for Korea as Southern Presbyterian missionaries this summer. The event, organized by the missionary societies with help from the Sunday school, includes an informal reception afterward for the couple and friends.
The Baltimore Dental Parlor opened today at 22 South Tryon Street. The office is stylishly furnished with new design appointments and an operating department equipped with the latest scientific devices. The company is incorporated and features painless dentistry with hours 8 am to 8 30 pm and Sunday 10 am to 4 pm.
Society notes describe a lawn party for Y P C U members and guests at Mr O Y Orders Sharon road after a program contest between Y P C U groups. Attendees meet at Tryon and Fourth to ride the 8 oclock Carter to Dilworth.
Miss Maxwell, sister of Mrs. Harry W. Moore, left this morning for Lithia Springs Georgia. She will spend the season with her brother Mr. Wm Guy Maxwell and continue residence with Mrs. Moore during the winter.
Mrs. Baxter Moore and her children Jett traveled yesterday morning to Wrightsville to spend two weeks at the Seashore hotel for a seaside vacation. Prior plans and travel context are noted in the short report.
Miss Mabel Bryant returns to her Spartanburg home after visiting Mrs. C. B. Bryant in Dilworth yesterday.
Liege Belgium June 20 the back flag at the aerodrome signaled the postponement of the national circuit aviation meeting. Eighteen aviators had qualified for todays Liege to Spa and return flight totaling 37.25 miles.
Amuse U presents Teaching McFadden to Waltz with Vitograph. Tdisonia shows The Mission Worker by Selig. Princess screens All For a Big Order from Imp. Casino exhibits Sun Bonnet Sue from Yankee. Ottoway presents The King's Daughter. Theatre shows There’s a Woman in Town by Pathe.
Mr. T. W. Dixon acts as secretary for the Hardware Association covering the Carolinas and Georgia and attends association business in the eastern portion of the state.
The Sunday World will include a Sherlock Holmes tale The Adventure of the Abbey Grange and two love stories The Folly of Lamar by Henry C. Rowland and The Amethyst Ring by John Strange Winter in separate booklet form for easy summer reading. Order the Sunday World today.
Unsettled weather expected in Charlotte and vicinity with showers tonight or Wednesday. The outlook notes possible showers and a mild temperature trend through the midweek period.
A low pressure area along the New England coast and another over the Gulf coast create a trough linking them. The result is showers across the South Atlantic and New England states with local thunderstorms in the Carolinas Louisiana and Alabama. Interior U S remains clear with mild temperatures under high pressure. Clouds and possible showers expected tonight or Wednesday.
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