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Newspaper
Charlotte News
Location
Charlotte, North Carolina, United States of America
Date
Jun 24, 1911
Page
10
June 24 market notes show cotton futures opening steady to mixed with July maintenance near the prior close as hedging persists. Demand from traders covers spots amid reports of backward crops in Texas and Oklahoma. new crop months rise briefly before retreating to near yesterday's finish.
June reports show cotton prices in Charlotte and New Orleans with stocks and changes from the previous year. The summary lists season totals, US stocks, interregional movements, and comparisons to last season, noting cross-river movements and mill takings as totals rise or fall.
The report shows total visible cotton supply at 2,472,893 this year, with 1,477,008 in Aran cotton and 1,541,900 in Great Britain. India holds 586,000, while 2795 last year and 760,900 against 482,000 are noted in other regions.
Readable fragments show mixed commodity pricing and quantities including items like daisies and turkeys. The text cites various weights, prices, and small lot numbers such as 9081.00 and 2.008, indicating typical market scanning but with many obscured details.
A social note from Park Avenue Dilworth mentions Miss Agnes Thomas hosting guests including Miss Bratton of Charlotte and Mr John Bratton. Separately Farmers Bank in Kentucky was robbed by dynamite, but the thieves failed to blow the safe as the fuse did not light and loot valued around 26 dollars was taken from a Central merchandise store.
The New York cotton market opened steady with prices unchanged to five points higher and small gains on light early covering. Private wires report showers in the southwest and favorable weekly crop reviews, but no improvement in the dry goods market kept demand quiet and prices slipped a few points from the morning highs. Cotton futures closed steady.
New Orleans June 24 price report lists Prime refined in barrels at 63 6 per pound, choice meal at 8 per cent ammonia per long ton 2887 1 2, choice cake at 2625 per long ton.
New Orleans La June 24 Spot cotton steadies with 1 16 up. Sales on the spot 26 bales with none arriving. Prices range from low middling 14 9 16 to good middling 15 1 2 and higher for stricter grades.
New York June prices for cotton seed oil show Sept at 638a39 and Oct 619a15 with most active months from July to January. Through reporting, 4300 total contracts were sold with 1100 July and 600 August batches, plus 500 September and 300 January at varying bids.
Bradstreet says warm weather boosts seasonable light dress fabrics and apparel with early clearance sales. Jobbing and wholesale trade remain cautious. fall orders are fair yet conservative awaiting crop results and tariff guidance. Production is restricted in many industries and building activity slows. Cotton goods buying remains quiet but optimistic on a potential record crop at lower prices. US weekly business failures total 222 for the week ending June 22, up from last week.
Mr C C Batles of Pineville reports two cotton bolls in his field on the 22nd marking the second bloom report in the county this season. J B Blakely of Providence had a bloom earlier. Farmers expect blooms by July 4 suggesting potential for a good crop despite drought in parts of the county.
American securities opened quiet at the London stock exchange with a fraction lower at the bell but recovered as covering orders were filled and the market closed steady.
Associated Press reports Asheville observers noting recreation dominated YMC A conference proceedings in Montreal. A college yell contest drew strong student showmanship from Southern institutions. Dr J C Reavis of Columbia S C gave an illustrated lecture on his travels in Africa as the morning session’s feature. The conference is set to close Sunday.
In Mecklenburg County North Carolina Susie Ardrey sues John Ardrey for divorce on grounds of fornication and adultery. Defendant must appear at the October 1911 Superior Court term in Charlotte to answer or demur. failure will prompt relief to the plaintiff. Notice dated June 6 1911.
Bessie Bethune, executrix of Mrs. M. B. Cofield of Charlotte, notifies creditors to present claims by May 29, 1912 and debtors to settle promptly. Notice dated May 29, 1911.
Chicago grain markets see a broad decline as overbought sentiment persists amid bearish Liverpool quotes and unsettled weather. Wheat slips from 89 1/4 to 88 3/4 as corn and oats weaken on wet forecasts, while provisions fall with yard weakness and nearby pork lard and rib prices set lower cuts.
Wheat receipts at Chicago Minneapolis and Duluth total 208 cars today, down from 277 last week and 280 a year ago. Wheat 17 cars with 2 contract grade. Corn 427 cars with 169 contract grade. Oats 154 cars.
The Charlotte Bar plans a banquet supper to honor Col. W. B. Rodman who will soon move to Norfolk. The farewell event will be held at the Southern Manufacturers' Club with presiding Mr. B. L. Cansler of Burwell & Cansler. The bar committee includes W. C. Maxwell T. C. Guthrie and B. T. Cansler.
The Atlanta market report dated June 24 shows crude cotton seed oil offered at 40 value units. No further context or price range provided.
North Carolina Secretary of State certifies the voluntary dissolution of Vickery Candy Company a Charlotte based corporation after unanimous stockholder consent filed June 16 1911 with records on file. Agent Jas F Vickery named for service of process. Official seal dated June 15 1911 Raleigh.
Notice to all persons with claims against Andrew M. Beattie to present them for payment by June 1, 1912 or be pleaded in recovery. Debts owed to the testator should be paid promptly. May 20, 1911. Lily J. Neal Executrix. 414 East Seventh Street Charlotte NC
Unsettled weather continues for Charlotte and vicinity with local showers tonight or Sunday.
A unsettled forecast shows showers tonight or Sunday with light to moderate winds from the southwest.
Cloudy conditions prevail across the southeastern country with rainfall over the last 24 hours from northeastern Texas to the Middle Atlantic coast. Louisville reports 1.42 inches and Little Rock 1.10 inches as an area of low pressure advances from the west. Unsettled weather is forecast for Charlotte area with showers tonight or Sunday.
Washington reports unsettled Georgia with local showers tonight or Sunday and variable winds. Alabama and Mississippi face unsettled conditions with showers and moderate south winds. New Orleans notes continued unsettled Louisiana with coastal south winds. Arkansas remains unsettled while Oklahoma and West Texas are generally fair tonight and Sunday. East Texas expects generally fair conditions with coast winds from the south.
Savannah Georgia markets report firm prices for turpentine and rosin with type classifications 662 1-29670 and 667 1-28670. Public buyers and sellers observe stable to firm activity as of June 24.
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