The herald and news. (Newberry S.C.) 1903-1937, December 14, 1909, Page TWO, Image 2
GOVERNMENT REPORT OF!
10,088,000 BALESI
SENSATIONAL DAY IN NEW
YORK EXCHANGE.
Estimate 200,000 Bales Below Best
Bull Hope.- Wild Trading
On Receipt of News.
Washington, D. C., Dec. 10.-The
erop reporting ;board of the Depart
ment of Agriculture estimates thst
the total production of cotton in the
United States for the season of 1909
10, will amount to 4,826,344,000
pounds, (not inoluding linters)
;equivalent to 10,088,000 bales of 500
pounds gross weight.
The estimated production in 500
pound gross weight bales, by states,
is as follows:
Virginia ...-............ 10,000
North Carolina .......... 615,000
South Carolina .......... 1,095,000
Georgia ....... ......1800,000
Florida ................. 07.000
Alabama ....... ....... 1,020,000
Mississippi .......... ... 1,021,000
Louisiana .......... .... 280,000
Texas ......... .......2.574.000
Arkansas............. 715,000
Tennessee ........ ...... 240,000
Missouri .......... ...... 49,000
Oklahoma ........ ...... 617,000
United States ............10.088,000
The Day in New York.
New York, Dee. 10.-Not since
the Sully boom of 1904 has the New
York Cotton Exchange witnessed a
more sensational scene or a more
spectacular rise in prices than occur
red to-day with the announcement of
the government crop report. With
the galleries crowded with visitors
from the South, augmented by
friends and relatives if operators
and other interested spectators, the
market soared to a new high record
for the season with gains of more
than $2 a bale over yesterday. Botfi
the May and July options touched
the high mark of 15.80, both gaining
approximately 42 points over yester
day's close.
Bull brokers prevented a more vio
lent advance, az they had distribu
ted heavy selling orders every five!
points up from 15.55 for May and
July. They sold enormously supply
ing the demand of shorts and also
the inrush of buying orders from
Wall Street, Chicago and Southeia
operators and the local and New
3nglanid dry goods interests. The
market continued in an excited state
up to the close, with estimates that
500,000 bales had changed hands in
the last hour. May closed at 15.07
and July at 15.74.
It was 2 o'clock when the news
came from Washington that the gov
ernment estimate was only 10,088,
000 bales, the smallest crop since
1903. Immediately there was a tre
mendous rush of buying. Orders
poured in from the world, over and
prices jumped from 20 to 30 points
on the first transaction. Last trades
made just before the report was an
nounced were on, the basis of 15.50
for May 'delivery; the next sales
were made at 15.70, an advance of
$1 a bale. This was followed by
tremendous trading .both ways and
by rapid fluctuations. A break to
15.65 followed, then came the rise to
15.80. July cotton fluctuate& along
the same lines, while March reachad
15.60 as its high point and closed
at 15.40.
The government estimate is about
200,000 below the prediction of the
most sanguine of the bulls and the
action of the market naturally fol
lowed. Sixteen cent cotton so much
talked about, was not realized, but
the market came near it.
It now remains to be determinedI
whether the federal estimaters have
underestimated the yields as has been
the case for the past ten years. Dur
ing that time the crop has been un
derestimated each year at from 500,
000 to 600,000 bal-s.
Small Panic in New Orleans.
New Orleans, La., Dec. 10.-Fol
lowing the posting of the cot ter crop
report estimate of 10,088,000 bales
on the cotton' exchau~ge this after
noon the future market took a jump
whie1h ra!:ged furm 2~> lo 40 poinfs.
May eito wntt sixteenl (cnts.
establishing~ a new lighl record for
the seasou. The estimate was about
200,00 bales below the predictions
of the most sanguine buDs.
Anticipating a bulletin estimate,
the trade started the market toward
higher levels several days ago, and
the May option yesterday sold at
15.54. four poinits a,bove the high
price of the day before. Yet it was
even then far below the kcvel which
was acordetd it to'-day. whlenm it brk
oil reco' rde tfor theO seasonP by' g'oing to*
> sea1ts. A mrjrity of the opera
or]s had been trading on the belief
h fat to-day' estimate would be be
Sween 10.3001,00 and 10,600.000 balts
w 0 .1 ("stliate (of 10.0)88.00~0 balet
was put out, a small panic ensued
and the market went up with a jump.
NOTICE.
Notice is hereby given that certifi
cate No. 92 for two shares of the
capital stock of the Farmers' Oil
Mill, standing in my name, has been
lost or misplaced. An application
has been made for a new certificate.
D. L. Ham.
11-30-09-4t. Itaw.
THEY INJURE CHILDREN.
Ordinary Catharties and Pills and
Harsh Physic Cause Distress
ing Complaints.
You cannot be over-careful in the
selection of medicine for children.
Only the very gentlest bowel medi
cine should ever be given, except in
emergency cases. Ordinary pills,
cathartic and purgatives are apt to
do more harm than good. They cause
griping. nausea and other distressing
atfer-effects that are frequently
11health-destroying and a life-lasting
annoyance.
We personally recommend and
guarantee Rexall Orderlies as the
safest and most dependable remedy
for constipation and associate bowel
disorders. We have such absolute
faith in the virtues of this remedy
that we sell it on our guarantee of
money back in every instance where
it fails to give entire satisfaction,
anid we urge all in need of such med
icine to try it at our risk.
Rexall Ordarlies contain an entire
ly new ingredient which is odorless,
tasteless and colorless. As an active
agent, it embraces the valuable qual
ities of the ibest known intestinal
regulator tonics.
Rexall. Orderlies are eaten like
candy. They are particularly prompt
and agreeable in action, may be ta
ken at any time, day or night; do
not cause diarrhoea, nau,ea, griping,
excessive looseness or other unde
sirable effects. They have a very
natural action upon the glands and
organs with which they come in con
tact, act as a positive and regulative
tonic upon the relaxed muscular cogt
of the bowel and its dry mucous
lining; remove irritation ,overcome
weakness, tone and strengthen the
muscles, and restore the bowels and
associate organs to more vigorous
WEHAVYEJU
0R
orA ESH $1
Currants, Raisins,
Lemon Peel, and e
fo your Christmas (
S
FRESH A
* Bananas,
* Apples,
0 Oranges,
Cranberrie
* Peanut Butter,
French Peas,
Shrimp,
and table c
SOur stock of Coffe4
* to none.
Remember, we ar
*all kinds of Fancy ar
Our Christmas stoi
and we solicit your
* thing "GOOd TO Ei
* want.
IJO ES' C
* pposite Nevs
THE(
Al
RESOl
Loans and discouni
Furniture and Fixti
Banking House. .
Overdrafts, securec
secured
Cash on hand & wil
4
JNO. M. KINARD,
- Presiden
and healthy activity.
Rexall Orderlies completely relieve
constipation, except when of a sur
gical character. They also tend to
overcome the necessity of constantly
taking laxatives to keep the bowels in
normal condition.
There is really no medicine for
this purpose so good as Rexall Or
derlies, especially for childrent, aged
and delicate persons. ~ They are pre
pared in tablet form, in two sizes of
packages; 12 tablets 10 ce-nts, and
36 tablets 25 cents. Remember you
obtain Rexall Remedies in Newberry
only at ou rstore,-The Rexall Store.
'ilder & Weeks, Main Street, New
erry, S. C.
ST RECEIVEDj
IIPENT OF
Citron, Orange and
erything necessary *
~ake.
RRIVALS,
Grape Fruit,
Tangerines, S
Celery,
, &c., &c.
Mince Meat, *
Mushrooms, S
Lobsters *
~ndiments.
and Tea is second *j
aheadquarters for
d Staple Groceries. *i
k is now arriving,*
atronage for any- *
T" that you may *
ROCERY i
0
terry Hotel.$
S.
I.e+. ***,*+.
1896- 1
REPORT OP THE
)OMMEI
OF NEWBE
the Close of Business
,ondensed from Report t(
JRCES:
: . $305,229.76
res . 3,1 l16.93
. 9,750.00
I and un
. .28,602.79
:h Banks 166,937.63
$513,637.1 I
0|o Paid on Sav
DR.O.B.I
t. Vic
RI
The Nev
At the Close of t
Condens~ed Frc
RESOURCES.
Loans and discounts$2
Furniture an.d Fixtures
Overdrafts secured and unse
cured
Bonds and Stocks
Cash and due from Banks 5
$33
4O[5 Paid (
JAMES MCINTOSH,
President.
DON'T BE CARRIED AWAY
with the idea that b-ecause you have
sever had a fire you are niever going
to Thu is iynght may see your
Iihouse i ruins and yo(ur family home
less Hav e y ou money enough to
ul ori buy another~? You would
hav if you were insued. Have us
nake you out a policy today. One
1ay's delay may prov e just one day'
oo much. tI has often proved so.
ecurity L.oan &lInvestment Co.,
J. N. McCaughrin,
Treasurer.
W. A. McSwain,
Secretary.
TAX NOTICE.
The time for paying town taxes
ins been extenlded toi Decemrber 15,
909. After that date the penalty
till attach.
J. J. Langford,
0. T. Bnzhnrdt. Clerk & Tras.
909
CONDITION OF
RCIAL E
RRY, S. C.
November 16, 1909,
> State Bank Examiner.
LIABILITI
Capital . .
Undivided profits
Dividends unpaid
Cashier's Checks
Due to Banks .
Individual deposits
ings .Deposits.
VIAYER,
:e President.
EPORT OF
vberry
Bank
[EWBERRY, S. C.
Nze Business Novem
>mn Report to State Bank
L
9,495.25 Capital
2,275.00 Undivided Prof:
Deposits
1,753 6 Notes and Bills
680.00 ed
9,437.65
3,646.50
)n Savings DE
our Idle Moqs
400o Inlt(
[Deposited in
If you would be the
ful, you should mak
work too. It is a c
that "5money not earr
losing money."
Set aside what mnon
need in your busines
and deposit it with th
SAVINGS DEPA~
It will be here when:
and workingfor you in
HE EXCUiAF!
Of Newbern
3ANK
ES.
. $ 50,000.00
. 60,521.99
. 894.00
. 33102
. 866.09.
$40 1,024.01
$513,637.1 1
Y. McFALL.
Cashier.
!avings
Fber 16, 1909.
Examiner
I ABILITIES.
$ 50,000.
ts 27,018
250,632.
Rediscount
6,000.
$333,646
sposits
I. E. NOMWOOD,
Cashier
U. Will Eu
wrest
This Ba
most success
e your money
ommon saying
ing interest is
ey you will not
~s at this time
is Bank, in our.
~RTMENT.
you do need it,
the meantime.
IGE BA
r.,S.C.