Newspaper Page Text
MARKET FIRM ON
Ucalings Almost Entirely Coir
iincd to Professional
STOCKS ARE DISTURBED
JJusiness Failures Reach Point
Where Street Is Badly
t Special to Tho Tlmes-DlBpatoli.]
Now York. December 9.?Short cover?
ing held tho market firm to-duy,
causing somo further advonccB. Doal
Ingo were almost entirely professional.
At the close of the session the Steel
Corporation announced an Increaoe of
147.627 tons Im tho volume of unlllled
orders on Its books at tho end of No?
vember, compared with tho end of Oc?
tober. This Is double what tho street
expected. The bank showed u gain
of S10,;>87,350 In actual surplus ut the
close of business Friday night. De?
posits uro roduccd $38.281,000, and
louns reduced ft 5,853,000. Great
Northern Ore certificates and Wabash
were the wenk features.
.Stocks have been disturbed the past
week by ploma for reorganizing Wa?
bash and Alllfl-Chnlmcrs. The dis?
turbance was not caused so much by:
the Importunco of these rcorganlza- j
lions, as by the fact that they come
ill li time when business failures In
general urc so numerous as to be :
startling. Tho November failures are |
about the worst since lft'i", and De?
cember failures promise to be fully
as bad, both in number of firms and
in volume of capital.
On the constructive- side of the mar- ]
k*t n deal was announced
whereby New Tork Central gets control I
>>t Ontario and Western, taking it from j
the New Haven, which will take con?
trol of the Rutland Railroad from the
New York Central. This deal gives l
New Haven a direct line to Montreal, j
and gives the New York Central n
greater control over the anthracite
business. The deal cannot he con?
summated until the public service com?
mission grants permission, nnd that
permission ban been asked.
Money remained high, lending early
in the week at 5 per cent., and touch?
ing a high point of 5 1-'.' per cent. Fri?
day. The mysterious loss of cash re?
ported by the banks the previous week
was explained by Faying that gold en?
gaged for export to Canada had been
subtracted from tho cash In advastco
? >n the name principle that when a
check it. certified the certification Is
subtracted from the account against
which It Is drawn.
President Taft's message was favor- |
ably received by tiie street, particular?
ly BO by Insiders of the American To?
bacco Company. The President's de
hcription of the settlement of the to?
bacco trust caee as the best possible
was heartily concured in by the to?
bacco people. All tobacco subsidiaries,
have been strong throughout the week
and a deal of Importance Is expected
In connection with the United Clgat
Htnrcs Company, which will be re?
organized and become a manufactur?
ing, as well as a selling concern.
J-tandard Oil subsidiaries were also
? iitoted separately for the first time,
but hankers aru advising minority
stockholders to hold everything until
a market Is developed that will glv*
nome correct Iden of the proper price
iit w-hlch to sell. It Is announced that
persons holding less than a full share
will not be permitted to vote.
Wlnslow S, Pierce was made chair?
man of the reorganization committee
for the Wabash Road and the Equitable
Trust Company as trustee of Its mort?
gage exercised Its privilege of ap- i
pointing a majority of the board of
directors. The company Is understood
to need ?10,000.000 spot cash. Kuhn.
Ixieb & Co. are Interested In the re- j
While the most conservative peo?
ple In the street look for a further ,
ileclln In the stock market they at?
tach great Importance to the fact thai
there have been heavy rains and snows
recently all over the country. The
government reports a slightly smaller
planting of winter wheat, but the dry
weather prevented or discouraged
farmers from putting in their usual
acreage. This, however, will be made
up with spring wheat and other crops, 1
and the heavy rains. If they continue,
will within three months wash out all
the trace of panic from business and
the stock market. Iiy that time the
radicals in Congress will have dis?
closed their worst intentions, nnd the
conservatives will have had an oppor?
tunity to show what they can do in
the way of settling the trust problem
so as to encourage the resumption of
On the Curb.
Tobacco stocks developed further
weakness on tho curb to-day, and all
Issues declined materially. Copper
shares were heavy. Precious metals
were slightly higher.
In the Street.
Number of shares sold to-day, 19?.
"27: a year ago, 264,159.
Par value of bonds sold to-day, ?6,
IS8.000; a year ago, 1872,000.
New Tortt. Money on call nominal;
time money strong; ninety days. 4 l-4@
'. t"-2 per e'"nt.; six months, lfif'4 1-2
per cent, H^ne mercantile paper. 4iJ/>
A 1-2 per cent. Sterling exchange
Heady, with actual buslnCSB in bank?
ers' mils at' 34.8250 for sixty-day bills
and at S4.8SH0 for demand. Commer?
cial bills. ?4.80 1-S. Rar sliver, 55 1-1.
Mexican dollars. 46 1-2.
RICHMOND STOCK MARKET.
By Richard W. Msury.
Stook anfl Bond Broker, 101B B. Main Street.
Richmond, Va., Decembsr 0. 1811.
STATE SECURITIES. Bid. Asked.
Virginia 3s, Old, C. and R., 1930... 87?i ...
Va. Centuries, 2-3? C. and R., 19?1. S7i<. SS
A. C. L. R. R- Con. Tr. 4 p. o. 95
c. and O. ?on'l M. B4?. 1992. 101
(Icorgla, Sou. and Fla. 1916. 103
Cleontla and Fla. Con. 6a, 1945. 101
Norfolk and West- Ry. 4?. 1998 ... 9S
seaboard Air Line 4s, 1950. 87
t-'naboard Aljustmenl Ss, 1919. 81 ...
Southern Railway 1st b?. iwt. 108
So. R. Dev. and G. M. 4?. 19S6... 7?
Western N. C. 1st ?s. C, 1914.103
STREET RAILWAY BONDS.
Nor. and Ports. Trac. Co. 5s. 1936.. S9
Va* Ry. end Power Co. Es, 1934.... 96% 96
STREET RY. BTOCKS. Par.
Va. Ry. and Power Co. pfd....100 SI 81%
Vii. Ry. and Power Co. com....100 4R4 ...
RAILROAD STOCKS. Par.
Atlantic Coast Lino com.109 136 ...
"hessponke and Ohio....100 72
Norfolk and Western com.109 197 ...
Sotithorn Railway pfil.100 70
t-'outhorn Railway com.100 29
RANK AND TRUST CO. STOCK.
Amorivan National',.100 305
Rank of Commerce and Trust?..100 142 ...
Klrst National.100 335
Merchants National.100 740
National Bank of Virginia.100 208 303
Official Range and Sale of Stocks in New York.
400 Allls-Chalmcrs .
16.S00 Amalgamated Copper ...
100 Amer. Agrl. Chcm., com.
600 Amor. Beet Sugar, com..
1,300 American Can .
1.M0 American Can, pfd.
300 Amor. Car and Foundry.
Amer. Car and Foun.. pfd
American Cotton Oil.
American Linseed Oil--.
American Locomotive ...
Amor. Locomotive, pfd...
Amer. Malt Co., pfd.
7,000 American Smelting .
100 American Sugar _.
417 Amer. Tel. and Tel. Co...
20 Amurlcan Tobacco, com.
3,000 American Tobacco, pfd..
1,700 Anuconda Copper .
J.20O AtcbiBon .
200 Atlunllc CoaJit Line.
A. C. L of Connecticut..
400 Baltimore und Ohio.
300 Brooklyn Rapid Transit.
100 Central Leather, com.
2.330 Canadian Pacific.
100 Chcsarcuke and Ohio....
Chicago Great Western.
1,600 ChL. Mil. and St. Paul...
Crucible Steel Cor., com.
Crucible Steel, pfd.
Chicago and Northwest.
100 Colorado Fuel and Iron.
Colorado and Southern..
300 Consolidated Oas .
Delaware and Hudson...
100 Den. and Rio Gran., com.
Den. and Rio Gran., pfd.
300 Distillers' Sec. Cor.
1.900 Erlo .
1.300 Brie, 1st pfd.
200 Fed. Mln. and Sm., pfd..
General Electric .
900 Grca.t Northern, pfd.
2,1100 Oreat Northern Ore otfs
Illinois. Central .
a* THOMAS BRANCH &
Open. High. Low. Bid. Asked.
2% ??*% -v? L; j$
?% '? JlvS ?M?
Co CG M 61% ?
08V4 C3 ?%
Si 11% 10% ?* H.i
WA ?l% ?Vi W,. 0?4
.? u8% um?
. 13% 41
:*: ... ... 9% ,jv
. 31 35%
'ii iiv- "o% "o% 11
115Vi bsv- 115% lUVi U6?
500 i/J0 600 190 t*0 ,
3714 371h 37?* "i1?*
106% 106% l?% ? ?5>
130 130 13?i )3u Mj^.
ioiv, i?Ui i?W4 ioo% iopx
^ 3 g*
? ' .. 19% 20
i<?% iod% io9% i?% ^
. .... 1I2V? 143
-26% *?% ? j**
?T 137 }g
?n% iri% '?% ?% ?
3?1 31% 31% si 31%
30% 30V* 30%
'ffiw w% bo% ? ^
J0U 394, 3?i 35 37
'ii% i?i ?% "V4 u%
CO.. Bunkers and Brokor-;.
Low. Bid. Asked.
... 4fllrj 16% I
16% 17 I
100 Interboro-Mol. pfd. 16%
Int. Mor. Marine, pfd.
Intel national Paper .
Int. Paper, pfd. ...
Kan. City South., com.
l.OuO Lehlgh Valley. 176? 177%
1,400 Louisville und Nashville 1G6% 150
200 Mo., Kan. and Texas.... 23% 20%
ICO Mo., Kan. and Tex., pfd. fi4% (1%
500 M'ssourl Pacific . 3D 30
l?i National Loud . 1914 ?%
000 New York Central.100% 106%
N. y.. Ont. and Western ...
900 Norfolk and Western... 106% 106%
700 Northern Pacific .1104i HC??
100 Pacific. Mall . 30% 30',?.
700 Pennsylvania ..?. 12114 122*
100 People's Gas . 103% 103%
Pittsburgh Cool, com.
100 Pressed Steel Car. 32 :r.'
Pressed Steel Car, pfd.
Ry. Steel Spring, com.
33.201 Rending . 14?
300 Republic Iron and Steel 2214
100 Republic I. and S.. pfd.. s-J
1.800 Rock Island .
100 Rock Island, pfd.
2.300 Southern Pacific .
1.200 Southern Railway .
Southern Railway, pfd.
Standard Oil .
000 Tonnessee Cupper .
200 Texas Pacific . -
31.S00 Union Pacific .17IVt
600 United States Rubber... 40
"1,700 United States Steel. ?2
300 United States Steel, pfd 10!? 100
10) Va.-Oar. Chcm'cni . f.'S f.:;
Va.-Car. Chemical, pfd.
Va. Ry. and Power, com ...
200 Vn. Ry. and Power, pfd. SI SI si SO?;
2,100 W a bush . 7 7 r.ai
100 Wabash, pfd. is->? is% is" is
Western Union . ... ... 77tj
Total sales for day, 103,900 shares.
Total sales for week (six days). 1,0(13,700 shares.
National State and City Bank..109 190
[?lantern National.100 760
Savings Hank of Richmond.... 5o i5
Union Bank ot Richmond. W ?6
Virginia Tru?t Company.1?) 15?
Va. Fire and Marino Ini. 55 "0
Va. Stale Int. pfd.15 60 17 ..
Va. State In?, com.l'.W ?Vi ??
Va.-Car. Chem. pfd. 6 p. c.100 11?
Vn.-Car. Chc:n. com.1*0 33
Quotation? for Interest paying bonds are |
t. a price to which Interest mum be added.
Income bonds and certificate? ot Indebted- i
tic.ia arc tint. _ I
Allls-Chalmer? 3?. '
American T..barco Company Is. 9'' ?
American Tobacco Company 6s. ?M:?
Atlantic Coast Line 4s.* ?
\ C. L.-L. and S. col. tr. I?. ->?'?
A. C. L. conv. (? (In Baltimore). !0-. |
ChtkapeakO aud Ohio conv. ?Vi?. 93
Norfolk and Wintern ronv- ll (bid).... 109*t
Seaboard Air Line; Is stpd. (bid). >">4
Seaboard A!r Line adj. cs (bid). Sit'.
Southern Reil Tel. 6? (bid). 99?;
Southern Railway Company is. <?">??
.Southern Railway Company 5?. l?7?i
United Plato Steel 2nd Si. 1011?
Va -Brown liroi. ctf?. (bid). 4i
Va.-Car. Chem. Co. l?t 5s (bid). lOO'l
Wiabaah deb. te.
Wabath-Pitts. 1st 4? ctfs.
Panama new 'jt IV, S.).101 ?i
New York. December 9.?The cotton mar?
ket was tosicr to-dty on coverlag by yester?
day's sellers and realizing by older ?hon?
lor o\.;r the government's estimate ot tho
crop report which I? 'lue on Monday, and
the close was steady at an advance of 15/5
points. The market opened steady at a de
t line of I point on January, but generally
20* points higher on bolter cables than ex
pectcd and a result ot covering. Inspired, j
both by the' relativ? firmness of Liverpool'
und bullish week-end ngures. Tho South,
wo? a seller on the Initial advance, and at j
times local bears were quite aggressive, but (
after working off to about the closing ne?
uro* of last night during tho middle of the I
morning the market steadied up again on j
continued covering, and at one time show- .
ed a net advance of I or 5 points on the,
active positions. Closing prices were with- j
In '-' or 3 points ot the top. Private cables .
attributed the relatively arm showing of
Liverpool to heavy continental buying and
reports ol a better trade In Manchester, i
with the action ot the markot alto suggest-j
Ing that the ginning report of yesterday I
had failed to materially alter the average
(orolgn view of tho probable crop. Aside
from the cables and the week-end figures
thore seemed to be nothing In the news to
help the market, and many reports contin?
ued to come In from the South Indicating
continued activity In the matter of ginning i
knd also much cotton remaining In tho I
fields to be picked. Houses with foreign
connection were good buyei? again to-day.
Receipts for the week 4?,0v0 bales against
??,657 lost week and 427.8 t'J last year. To?
day's receipts at New Orleans 10.4SJ bales
against 16.351 last year, and at Galveston
U.26! bales against 17.711 last year, and at
Houston 26,?2 bales against 14,709 last year.
Cotton futures closed steady:
(Jpei, High. Low. Close. |
January . ?.63 8.6 j ?.63 1
February . 8.63 . I
March . 8.7? 8.73 &.71 6.781
April . S.7?
May .S.S2 S.S4 S.JO S.S2 ]
June. SAO I
July .3.93 ?.93 8,83 3.91 I
August . .S.36 8.S7 S.Vi S.9I
September .s.us 9.op v.OO :t00
October . 403
November. 9.?7 ..v. 9.08
December . S.SO S.Y6 8.91 $.93
Spot cotton, dull: middling uplands, 9.20;
; middling gulf. 9.46.
Cotton, dull: middling. 9.20, gross receipts.
7,.'15 bales: stock, 117.1.31 bales; export to ]
the Continent, 5,910 bales.
Total io-dny at all ports?Net receipts,
(9.942 bales; export to Great Britain,
bales; to ihc Continent, 33,454 bales; stock,
Consolidated nt ull ports?Net receipts. |
3S.9IJ bales: export to Great Britain, 25o I
hales: to the Contlnont. 32.464 bales.
Total since September 1 at all ports?Not I
receipts, 5.921.851 baics; export to Groat
Britain, 1.7SO,06O bales; to Prance. 507,313!
'bales; to the Continent, 1,637,193 hales: t
I Japan, 91,724 bales; to Mexico, 2,850 bales.
Now Orleans. La., December 9.?Cotton
futures opened steady at an advu.ice of 2<&t|
points on good cables. The close was |
I steady and unchanged to 3 points up. The.
weather map was called unfavorable, as too!
much rain was reported In the. Central and I
Eastern sections of the cotton region. This
led to some buying on the theory that pick?
ing, und therefore ginning, wus being inter-1
fered with. Sellers of yesterday were in?
clined to take protlts, which furnished a
moderate dcmiinri Immediately aftcvr the ?
mil, when the trading months were 4'a?j
points up. Liquidation of tho long account
started here, and the market did not hold.
At the end of the first half hour of busi?
ness pricosc wero 1?3 points over yester?
day's final quotations.
From the middle of tho morning on ex-1
trcmo dullnees ruled. Commission houses
had a few buying ordors to nil, and these
Steadied tho market. Tho most active
months stood still at yesterday's closing
level for somo time. Several large crop es?
timates from crop bureaus and private
sources mado their appearance, but did not
cause any selling of consequence. The
forecast of unsottlcd weather and rain In
the cotton region over Sunday brought out
a limited amount or buying. Spot quiet
nnd unchanged; middling, 9 3-16c. Sales on
the spot 02 hales and 1,(60 to urrivc. Cotton'
futures closed steady: Bncombor. 8.82- Jan?
uary, 8.78; Maroh, 8.83; Mnv, 8.93; July 9 0f
August. 9.01; October, 8.95.
NEW YORK PRODUCE MARKET.
Now York, December 9.?Flour?Quiet and
nominally lower. Spring patents, firstname.lastname@example.org;
winter straight, I4.10ijj4.20; winter patents.
S1.35&4.70; spring clears, 14.1004.35. Rye
Flour and Buckwheat Flour?Quiet. Corn
meal?Stea4y, ?L56Q1.6S. Rye and Barley?
Steady. Wheat?Spot firm; No. 2 red, 93c.
elovator. export basis and 3S^c. f. o. b.
afloat; No. 1 northern. Duluth. J1.12?4 f. o.
b. afloat. Options closed He net higher.
December. SJ-'ic.; May, $1.02. Corn?Spot
firm; export,' new, itS'-ir. f, ?. b. afloat.
Futures nomlnnl. OatM?Spot steady; stand?
ard white. -Vtftc. in elevator; No. 2, 6|c.
Pork and. Boof?-.steady. Cut Meats and
Lard?Steady. Tallow??Barely steady. Po
.troleum and Rosin?Steady. Wool?Quint.
Turpentine? Firm. Rloe?Firm. Mnius.-vn -
Steady. Sugar?Raw. nomlnalj refined, ouloL
Coffer?Futures barely steady at a net loan I
of. 12^17 points. Spot, quiet; Hlo. No. 7,1
I414jc.: Santo?. No. t. 16%<\; mild, dull: Cor1-'
dova, 16Vift lSVfcc. notmlnul. Butter?t.'nset
tled. Cheese?Firm. Eggs?Unsettled. Po?
tatoes?Steady; Bermuda, late crop, per bar?
rel, |5..WfJ 5.f>>. Cabbsgcr?(Heady and li
changed. Freights and Peanuts?Unchang?
The cottonseed oil market was weak under |
further Iwdgc telling agaln't llheral offer?
ings of crude oil In the South and on thel
poor cash demand, closing 6ftS point* net |
lower. Recember, G.23?t5.3l: Februar)'. Mlfl
G.33; March. 3.339 6.3?; April. 6.3<fi S.J7; prime j
crude. 1.114)4.2/): do. summer yellow-. 5.3."<r
6.I5J do. winter yellow, S.SO'ft <;.10: do. fum
mei white. 3.COg?.69.
CHICAGO GRAIN MARKET.
Chicago. III., December X~Sensational ai
vancei of 3*?4JPic. at Buenos Ayrci, alleged j
to hove been caused by Storni damage to \
wheat, led t,, a general covering. The other '
staples nil showed a net decline?corn (i*J
(le.i oats. 'i'lSc. to Vic and provslona 2(6"i
'i! 5c. to UVirC.
beading futures to-day ranged as follows: |
Open. High. bow. Close.
Pec. M 93?, Mli
Ma> . 97S 9M4 97/?
Julv . 93V, 51 S3H
D<-c. Sl?i ijl'i 611J oi-4 .
May. iV.s 63 62ri ?:(;
July . e:Ti ?:?; 62U ;
Dec: . MM M>? K(i i
May . ... II? IS', Is*. ,
July . 4i?, li(j 4', IS
MES8 PORK?Per bbl.
May .!?.<0 16.00 13.S2 I JA?
LAUD?Per 1?) bs.
Jan. . 8.92 8.92 8.90 $.95
May .?.r 9.25 9.17 9.17
SHORT RIBS?Per 1W Ibe.
Jan.$.30 S.30 8.1J S.l!
May . S.47 S.S7 8.40 S.42
July .s.4fi S.?6 .?.40 S.40
rash grain closed: Wheat?No. 2 red. HV6|
''>'.:-jC.; No. 3 red. 93394c.; No. ?? hard. :C t
?1.02; No. 3 hard, Wfi Stc;. No 1 not hern,
ilMSt 1.05; No. 2 northern. S1.C691.07; No.
3 northern. Jl.iBJjl.OI; No. v sprlne. Si fj'
iS'?C: No. 3 spring, 954. 11.04; No. I spring.
Vig 11.03; velvet chart. SJSSl.OI; durum, MQ
11.06. Corn?No. 3. 61081(40.; No. 3 white,
;:'if/39c: No. 3 yellow. (S>? fl5??ie.; No. 4,
WHl j6c; No. I white, r&'jrq J6'ic.: No. 1
yellow. HViCMtic. oats?No. ; white. 4>Ti
49c; No. 3 white. 47345c.; No. I while, 4'iU
017*40.; standard. 47\@43c.
Baltimore, Md., December ?.?Wheat?E.-is
i<r; spot, contract, 91'4c. Corn?firm; spot,
contract, new. M^je. Oats?Firm: No. 1
white. S40S4UC Rye?Firm; No. 3 western,
RICHMOND GRAIN MARKET.
Richmond, Va., December 9. 1911
WHOLESALE QUOTATIONS ON ?CHANGE.
No. 2 red, Western. ij} $ l.oi
No. 2 red, Virginia. 95 5$
No. 3 red. s?7
Virginia, bag lots. 88 ft K
No. 2 white. 7;ijii
No. 3 white. 70
No. ;* mixed. <([ 7t>
No. 3 mixed. 6S ft
Virginia, bag lots. 68 ij 73
Corn on the cob. iA vf ;o
No. 3 mixed. 1J .v?
No. 3 mixed. ?*
No. 2 white. s &31
No. 3 white....,. S3 H
Winter seed, hag lots. 6'i <r ;o
No. 2. g. i.oi
No. 3. .y, |,4)|
Vlrglnln, bag lots. 4 'j 1.00
RICHMOND HAY MARKET,
Richmond, Va.. December 9. PHI."
Tho quotations are as follows:
No. 1 Tilnothy. <5- 24.60
No. 2 Timothy. <9 33.00
No. 3 Timothy. 10.00 <u
No. 1 Clover, mixed. is 33.'J9
No. 3 Clover, .mixed. 19.00 g
No. 2 Clover. 1S.W a
BT RAW?Compressed. W 10.30
Loose-pressed. large bales.. y 11.00
RHUCK8?Compressed . Nominal
Loose-pressed, large bales... Nominal
Loud your ears so that hnv at doors rep?
resents contents and thus avoid rejections.
This maiket grades hay In accordance
with the rules ?f the National Hay Associa?
'?hi'jago. December 9.?Oattlc?Receipts,
SO) head. Market steady. Beeves. |l.65*r?.r"
Texas steers, t4.10fJ3.T5; western steers, tt.toj
H7.25: Stocher? and feeders. n:i?.k0; cows]
und luiters. $203.99; eulves, 53.60$ S ?-'?''?
Hogs?Receipts l-'.O") head. Market 5c. high?
er than yesterday's average. Lights, $5.60'rj
?.25; mixed. $6.30@?. JT"*,: heavy, 15.90*} ?.43
rough, 15.99t)1!.10: good to choice heavy. I
$6.1096.4}; pigs. t4Q'S.53: hulk of sales. S6.'->3
fiti.W). Sheep?Receipts 2.'.00 head. Market |
steady. Native. I2.65sj4.15; westcin, $2.l0'i
1.10: yearlings. 11.3595.49; lambs, native.
53.75^6.25; westerns. 12.154)6.25.
New York. December 9? Beeves?N*o trad?
ing, feeling unchanged. Dressed bef quiet I
at 8U12We tor natlv sides. Calves? Feeiing
firm. Veals sold at $7010.00; Indiana calves I
$506.00. sheep and Lambs?Sheep steady;]
lambs firm to a shade higher; ordinary to
good sheep sold at 12.6093.50; common to I
Prime lambs, ISO(-40. Hogs?Steady. State |
hoe-s sold at $6.30.
RICHMOND TOBACCO MARK KT.
Richmond. Va., Decemher 9. 191'..
Following arc the quotations on the Rich?
mond Tobacco Exchange'
Lugs .J5.00 a $ 7.5? I
Short leaf. 7.50 U ?.04
Long leaf.?. 9.00 8 ILO? j
Wrappers . 1X00 <J lt.M 1
SMOKERS?Common . 7.(0 a 1.3? i
MeflKm . tOO C 1L01
Fine . 12.00 a 1A0?
CUTTERS?Common . 12.00 O U.M I
Medium . 14.00 a 16.54
Fine . 17.00 a i?.5?
Fancy. l?.?? O M.00
FILLERS?Common . 3.01 fl 11.0? J
Medium _. 11.00 f? 13.00
I Good .'.. 12.50 a 13.40 ;
Fine . 14.00 O X.OJ |
rVRAPPERS?Common . 15.00 <jjj 17.0? ]
Medium . iS.CO <t aj.00-!
Good . 25.00 O 30.0?
Fln? . 3250 a 37.6?
Fancy . 40.00 9 48.0?
Lugs, common to good. 6.50 @ 6.6? |
Lugs, good to prime. 7.60 Q 8.3?
Short leaf. 8.00 a H.00
Long leaf.^. 11.00 a 12.0? |
Wrappers . 12.50 S 17.5a
Prlmlnga . 1.50 O ?.25
(Reported by Rodgcrs. McCabe & Co.)
Petersburg, Vs., December 9.?Peanuts.?
Spunlsh?Quiet ut 80c. per bushel. Vlr
slnl.is-*Steady; jumbo, tc. per pound; fancy
handplckcd, .".'tS ?"*e. per pound; extra
prime, lUQ'SHc. per pound: prime. 3c. per
pound; machine picked, 103*4c. per pound.
DRY GOODS MARKET.
Now York. Usjcember 9. ?Lonsdule und
nainsooks were advanced t?c. a yard to
9Hc.. and sellers of I-I bleached goods arc
not taking futures at current prices. Fleec?
ed cotton hosiery will be opened for fall
1912 or. Monday. Linens arc quiet and cot
ton yarns are quiet.
Savannah. Un., December 9.?Turpentine?
Quilted at IS'io.; sales 125 casks; receipts
1.3^1 cask*'; shipments 17 casks; stock 39.650
casks. Rosin?Firm; sales 2.199 barrels; re
Condensed Statement of the
Virginia Trust Company,
Rendered to the Corporation Commission at the
close of business, December 5, 1911.
Loans and Discounts.$1,812,295.46
Bonds, Stocks, Investments. 239,599.41
Furniture and Fixtures. 11,775.50
Cash and due from banks. 433,945.94
Undivided Profits. 90,445.24
Reserve Fund. 15,000^00
Set aside for taxes and interest. 12,626.75
Individual Deposits. 1,379,544.32
Showing Growth of Deposits.
September 1, 1909 . . $ 123,495.50
September 1, 1910 . . 671,802.38
December 5, 1911 . . 1,379,544,32
having over $75,000,000.00 Insurance in force
It Is The Strongest
having over $7,000,000.00 of Assets and
over $1,300,000.00 Capital and Surplus
It issues the most liberal forms' of Policies from
$1,000.00 to $25,000.00 on the NON-PARTICIPATING PLAN
JOHN G WALKER, President
2.S7S barrels; ehlpmcntu l.'il'i barrels; Mock
123.146 barrel?. Quote: U, |fl.27ii.'.;i i.s:..
PORT OF RICHMOND, DECEMBER. ?. 1211.
Steamer Berkeley. Shelly. Norfolk, mer
chandlso and passengers. Old Dominion
Steamer Pocahontas, Graves. Norfolk ind
James River landings, merchandise and
passengers. Virginia Navigation Co.
Steamer Aurora, Furman. Petersburg and
James River landings, merchandise and
passengers, Furman Line.
Steamer Berkeley. Shelly, Norfolk, mer?
chandise und passengers, Old Dominion
Steamer Aurora, Furman, Petersburg and
James River landings, metchaiidls? and
paafenscra, Furman Line.
.Strong Company Organized to
Make Great Town on the
A very interesting local Item pub?
lished exclusively lu The Timcs-Dls
patch a few days ago, told of the In
cororatlon of the Rlchmond-Claremont
Norfolk Real Estate Company. This
company, which has ample capital be?
hind It, will have Richmond ofllces,
Julian W. Tyler, one among Hie best
known of Richmond business men, be?
ing the president and a liirgc stock?
holder. It Is understood that this
company is not strictly a real estutc
ngency, us Its name might Imply, but
rather a development company, Its real
object In tho end being to make the
good little town of Clarcmont on the
James River, and In Surry county, the
Industrial and business centre that
nature seems to have marked It for.
The company has acquired a vast deal
of the farming and Industrial proper
tics In and around the town, and they
propose to develop the same; to offer
big Inducements to new enterprises,
and to farm developers.
Claremont Is nnttirally a good town,
being nt the head of high water on
the .lames and nt a point where the
biggest ships can land und load and
unload. It Is n line place for Indus?
trial development, and Iras long been
a wonder why It has not developed
Into the big Illing that nature seems
to have Intended It to be. Willi river
und Maler transportation that Is
superb, and with railway facilities
there Is n" reason why Claremont
should not hi' the city that the origi?
nators of the railway to that point
thought some twenty years age It
should be. The new company, headed
by some of tho best business talent
In three cities, will sec to It that
Claremont shall be the town naturo
intended It to be.
Tho new company has ample capital
to prove Its faith, and Its other good
oflle.ers are. 11. J. Arrlngton, vice-presi?
dent, nnd \V. M. Miller, secretary and
DVXA ?UTK lIBMOXSTItATIOXS.
Home Doing* Thnt Go to Shon Tbut
Dynamite 1h n Good TblnK I? FurntliiR.
The Industrial Section of The Times
Dispatch hos of late been taking not
a llttlo lnLere3t in the use of ilyno
niite ?b a farm and farming proposi?
tion, but, llko tho Mlssourlan, tho In?
dustrial Section wanted to be shown
a thing or two. Last summer some
.ine demonstrations of tho use ot dy?
namite In Btibsoillng were shown to
Tllie Times-Dispatch up In Louisa
county. Within the past two weeks, or
maybe more, some demonstrations
,ji\Vo boon made In Virginia in the
matter of bursting up slumps nnd in
.linking holes' for frull ire, planting,
all of which hayo been very pleasing.
Only last Thursday there was a line
demonstration of Htibsolllng out, at
Ellorson, on tho border line of lion
rlco and llunovor countlos, aud the
Only One Sure Way to Have
And there's only one sure way to save it?entrust it to
the safe keeping of some responsible bank such as the
MANCHESTER NATIONAL, where it won't burn holes
in your pocket. ?
This bank is the leading banking institution of South
Its Directors and Officers are all men of the highest
standing in the community.
It conducts banking in all legitimate branches, and
pays 3 per cent, interest on savings, compounded semi
MANCHESTER NATIONAL BANK
Your Business. Personal and Savings
Accounts at This Bank
3 Per Cent. Interest Allowed.
Depository for the State of Virginia
and City of Richmond.
COMMERCE & TRUSTS
Ninth and Main Streets.
IM; ?LL LINE5 OF? ? i
Is?:?'?? ' 'rNTE'R't-ST' ALLGV/E.D
1: ON -SAVINGS ACCOUNTS.
demonstration was all thnt any one
i could wish.
! To-morrow thorc will ho a fur'thdr
.mil more elaborate demonstration mil j
at tl\<- Hol 1 wood furm, in Chestorfield |
county. I inn lolil that at least two!
acres will be subsollcd out there With
dynamite, und many tree holes blown
out and a whole lot ot stumps blown ,
up, all to show what good dynamite j
when properly used can do on a well |
It Is likely that over 2uu people will i
oe at the Bellwond farm to-morrow to I
kco about this dynamite business, and >
If these VlrKlnla farmers who assent- ;
! hie there think It to bo a good thing
i they will (?et right on it in a hurry., j
Offer to .\ccrt? College
[Special to The Tlim s-IHspatcli.! 1
New York. December ?The local |
I offlo.o of i^isk University, tin- nogro
[ coHoro at Nnshvllle, Tumi., received
a telegram to-day from JuIIuh Houen
wald, of. Chicago, offering to be otio
of four to glvo $12,600 to moot tho
curront expenses of tho Institution. *
All Claims Paid
November 27, 1911.
E. D. Sampson, Mgr..
The General Accident Corp.,
of Perth, Scotland,
Your promptness in handing mc
draft for $302.50, for 16 weeks sick?
ness, the day I stated I wan ready for
settlement, and in not reducing my
indemnity t<> one-half during conva?
lescence, is tu !?? commended.
Thanking you for your promptness
and liberality. I am,
Very truly yours,
C. T. BAYLOR.
-, ..,-.1 '