Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, July 18, 1915, Image 19

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Richmond times-dispatch. [volume], July 18, 1915, Page THREE, Image 19
About Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current

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Richmond times-dispatch. [volume] (Richmond, Va.), 18 July 1915. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045389/1915-07-18/ed-1/seq-19/>

Newspaper Page Text

?Jufaps to Front Early In I)ny ?ncl
Rises to Now HIrIi Price
of 51.
RELAXATION IS LACKING
Offices of Company Are Silent as to
Causes Underlying Sudden Spurt
of Stock?No One Has Kind Word
for Railroads.
nv nno.\DAx wai.i.
NKW YORK. July 17,-Shkrp ad.
vances in war storks under leadership
of Crucible Steel carried many of the
Industrial shares Into new territory for
this movement. Rails wore heavy
Southern Parlfl,. aBajn ?howlnp a
dropping attitude.
The advance, which began late yes- 1
terda>. continued at the beginning of |
"J. inc as to-day, gains of from a frac- 1
Hon to a full point being witnessed
throughout the list. Crucible .Steel Im- J
mediately Jumped to the front, and 011
active dealings rose to the new high
price of 51 a gain of more than fi
points. At this level profit-taking re
plied In a drop to 4~'i a, recovery
" from which there was a re
cession of 114 points at the close.
Railroad shares wer? again under
pressure, nobody seeming to have a
good word for them. Southern F'a
cific declined nearly a point and re
covered a fraction. Baltimore and Ohio
was alao slightly lower, as was Cnion
Pacific. 1
Following early strencth thero was i
:i -l.iht rftftMloi,. but the rte.na.-U for
the Industrials continued In the second 1
hour, the close being strong, with
-ains of from 1 to j points
At one time Allls Chalmers issues
vhared leadership with Crucible Steel.
M?ev,aV0n that th,! Preferred stock
wui begin s per cent dividends in Sep- '
'ember with a payment on account of
r<ar dividends furnished the incentive
for the buying of t h e .* ** share.?.
Although overshadowed bv the s?n
national advances in the war stork*. <
Steel common moved up to the new
high price for this movement of r,;,t !
'?r i poitit above the recent hich es- :
? abllshed when tho tru^t won its suit
No tangible reason for the strength
"f i ruclble Steel has been forthcom
ng from the ofllce? of the coinpanv
When asked to-day if there was any
semblance of truth In th?- reports that
the company's new plants were to cost
J^o.r.onor.n, general manager, per
haps with silent diplomacy, said he did
not know.
N'F.W VORK tijly IT?stork* ended the
? e?k almoet n. they began?ivlth * '-jri'ie
bnr.m In the war >pe. laltl??--many of '?M< h
???re . ,4rr:?d 11 new hlRh rtrordj -It', r. ir*
of I'n li almost tw entj'-fi\-e point.. for that
brief period f'rui IM" ste-t Wa? 3ri1n the
nion ? eineplrunu* feature. advancing to ':
?? Ifh the preferred it( ;ai Other Isine. In j
' hl? r.^p. t&hl'h tnui'he i ouotAtlori' iiev?r
??rfore equab <1. Included n? ? h ??.e.,-. Ste.t v.
*M . R In Locomotive. nt TC. An.erir?n
?.c preferred. at IV.'s and n?ral Motor*
Numerous rrlnor InduMrial*. Mich a? Re.
il< :? and Iron 'eninpn and preferred
, o - Sheffield common, and VllU-Cbal:ner*
' OMt i-fjrinr k.imii-hi and prefe-red
?ir Vinr Thin-- on fairly *>.?oritlon
l-.y-r> le?.je In The ?n.railed Indtntr'il ?rd
equipment division* of the .to, k Mm -va* <11
"?llktl'l
I'ni'ed SUtK Steel almost th? on!v
lie rif tv^ inmiT mark"t leader* to tike
1 r< 11 to <iav'? movement .rlslnr to t>* !??
quotation r,f the >?.,r Tra.llt c In
..od* -ess |,Bht n,th ?, stea.ly ?jr.'err.,,,
? 'R tn :i r?cl?,ter?d 3m ad\an.-?.l r,?r ,
?11 '.he ? lit luring the ueek.
N.?:u VO?:K. Ju!j IT.?Mercantile pipe
< py <-'n' fterllr.jt ?ixt\- .|?- >?> .
.. ?. demar.il II "IV); ruble. t| ;- p.'
1 ? ep |T>. M?xl dol!->r?,
BOND LIST
Atlantic Coa>t i.in? l?t t>
' 1' T.. ?T. and S' '? :
? '??'*ipeske and Ohio cv <'-? -r.
irreft ,,nd Myers Tn ? ,
'?rlilard T? .
S'i and W, cv. <5??
- ? board Air I.lr."? stnndaril l? n??ked. "%i
? bor.rd Air l.lne ;,.|j ?,
r> 'it h?rn Pa. IfV rv iv 5M
-"ill hern Railw ay rM
'?"irherii Ralhvay ^.
?>'. Registered (t?id i...
~ R'Sl^tered Is. IMS ?t?ld
> rinmiii r.?c:st?rr i ?,*. i?.s: im.ii
Reirlht-red i>. ;jc cblli, lf.,
' ^ stc#i 2<j :.s.
v*.'t K>. f nd Powur *s !?!?! >.
V -? ?.*??! Chfiilo.l .*c
:ot
yrr*
IIKIIMOMI .STUCK MAHKKT
Hy t*a^t??|e <; Hur. h A- ,
Richmond. \'a . .luiv ?" ?
STATIC SKCL RITIKS Pm"
Va 3s. Old. C. and R... iVv As"e<1
v * On J. 3. C. and R * \'-v
STRKF.T RAII.Way STOCKS. *
Ry. and Power Co . pfd en
R All.ROAD * STOCKS
\t'antl< Coa>t line. . oir.
< 'hesa neake and < hlo .. .
Norfolk and Western, com v,'
seaboard Air l.lne. pfd
Seaboard Air I.ine, coni.. .. n
Southern Railway, com it
RANKS" STOCKS.
Am-rlcan National Hank ,<.r
Bro;>d Street Batik ' r,
TRI'ST COM l'V NI !IS' STOP1C?
?>ld D.mlnlot T.us. r,i ' 195
i:H>itni>nd Pmk an-' Trust
Richmond Trust and Shvines 1 n
Vtrrtiit i Trii^t i"o
MlSCBM>ANKOCS.
Va.-Cnr. Chemical, pfd. p r ... :?:t
COTTON MARKETS
SRW YORK. July IT.?A renewal of ves
torday's late buying movement cau?e<' ?
further urivanc during to-day's earlier
(ratline In the cotton market. hut ii'ltfj
later eased off under realising ?n.l closed
barely steady, net five points lower to one
point higher. near months being relatl- elv
rasv The market opened unchanged, and
the active months sold nine to twelve potnH
nbnve last night'* closing figures. during the
f.r*'. half hour. This carried October con
tracts up tc 1 4V or nearly seventy-flve
points above the low level of last Saturday,
and It appeared that on this advance ner
vous *horis had pretty well covered \t
any rate, the demand tapered o'f and
prf'es closed at about the lowest point of
l he dnv. tinder realizing by recent havers
and some local sellltiK for a reaction, alter
Th? sharp advance of the p.ist twe days.
Private cables reported a small market
with a steady undertone In Liverpool and
tradlnir here wns comparatively quiet, after
the early advance, with sentiment rather
bet'er divided than It was earlier in the
week Reviews of the domestic goods mar
ket Indicated contlnueii activity In t'-e
manufacture and distribution of goo Is. al
though the Immediate demand i? so o> e -
*>hnt Irregular owing to the unsettling ln
fluen< e of recent fluctuations In raw ma
terial.
Receipts tn-day. 3.763; season. !0.fi.?l.216.
Kxpnrts to-day. ?..VjO; season, \2t.\727.
Stock. 7$7.41S. Futures closed:
Open. High. Low C!os^.
July s.nn s.oi
October MO f>.4$ fl.34 fl.3*?
December ft.64 0.7!> ?,iv. o/3
tanuary 0.76 fl.st <>.74 ^74
March 10.01 10.10 ;o.01 ft.fO
Spot cotton quiet; middling uplands, S.lOe;
no sales.
NEW YORK. July 17.--Port movement
Stock. 24S.9S1 bales.
Total to-day at all ports?Net receipts.
4.074 bales; et.ports. 2..Y.0 halts; Mock. 7M,7f.i
ha le<?.
Total for week?Net receipts, 4.074 hales;
exports, 2,?.'>Q bales.
Total for season?Net receipts, 10,661.050
bales; exports. 8,24.".,7$? bales.
NEW ORLEANS. July J7.-The pr|< e of
cotton was heltl down by the realizing of
longs In the local market to-day, and the
? lose wan at a net decline of two to four
points. Around the opening the market
was at Its bfst. a net gain of four to live
points. Futures closed: July. S.?;!: October.
!>.j: December. 9.13; January, March.
!? 76. Spot cotton, steady: sales, 220 bales
on the spot; to arrive, 2-45 hules.
NEW YORK PRODUCE MARK FT.
NEW YORK. July 17.?Spot coffee, quiet;
P.lo No. 1, 7'a. Santos No. 4, !>%. Butter,
quiet. Cheese .Irregular. Raw sugar, boll
lav. ?
The cottonsced oil market was quiet, anil
;n the absence of more orders either wav
price changes wvre narrow, the close helns
one point net lower to three points higher.
Sa:es, ??0. Spot, 5.00 bid; July. tVIO'j-i.lO*
Official Range and Sale of Stocks in New York
Sales. Stock
l.uOO Alaska Cold
40,235 A llis-Chalmers
?>,'100 Allis-Chalmers. pf<l. ..
1,JOO Amalgamated Copper .
<?00 Am. Am'. Chcin., com..
? I.IOli Amor. Beet Sugar, com
?V "0 American Can
^ iJO American Can, pfd....
7.700 Amer. Car and Kdry...
200 American Cotton Oil. ..
?>00 Amer. Hide and l>ea.( pr
.100 American Linsceil Oil..
iM'OO American Locomotive .
Amer. I.oco., pfd
',''00 American Smelting ....
American Snuff, com...
American Sugar
300 Amer. Tel. and Tel Co..
American Tobacco, com.
American Tobacco, pfd.
? .?"00 Anaconda Copper
-00 Atchison
Atlantic Coast Line....'
A. C. I., of Connecticut.'
? 'on Baltimore and Ohio....
3,100 Bethlehem Steel Co., con
14.V00 Baldwin I.oco
Hrltish-Amer. Tob. Co'"
200 Hrooklyn Rapid Transit
i.nOO Central heather. com...
<?00 Canadian Pacific
? 00 California Petroleum
100 Chesapeake and Ohio.!!
-00 I hicano Oreat West pfd
nSI'l1,'- ?MM- aml Kt
.*00) hi no Copper
'i'-nn SrUC!!>!'-' s,ceI ('or.*.' coin
00 Crucible Steel, pfd
13.?-00 Colorado Kuel ami Iron
S0'01""/.1? ^,nr, Southern.
-00 < onsolidated Oas
2,650 Com l'rod ucts. coni.'!!'
400 Krl'e ,U.? ? C?m
100 Krle, 1st pf<j! !!!!
1 oftn i'"'"1 -M!" ??'? Soi. pfd!.'
',000 Oenerai lOlectrlc .
-,}00 Goodrich ,
-r2?SI,oat Northern, pfd*..!*
' i'nn m?nt. Norlh*rn ?r* c,f
J on Illinois < >ntrai
1 r>oo Interl>oro-M??t. . !!
-00 Interboro-Met.. pfd.' *!! !
Int. Harvester com
400 Int. Paper ...... l!!".'
_ Int. Paper, pfd...!!!!)"
1.* THOMAS UHANC1I A: CO.. Bankers and Brokers.
Cloalng.
UM a?k,< s?iie?. Stock
Op^n. Blarn.
35j 35g
1*8
as
73 3
50 4
?Ma
105 4
57 4
47
34
log
51 i
*io
63
71
504
49
1054
5Sg
47?
34
108
524
' SO*
354
1001
774
1 <S K
734
874
4 2 8
1 t:n
13
37 4
si'
464
414
99
348
128
154
'25 4
394
53 J
167*
51 4
1 1 6
37*
102
104
724
'
I.ow.
35
1*1
57 J
72|
504
4?4
518
J 05*
574
47
33 4
104
514
' 738
121J 1214 1218
354
100j
774
191
74 I
S74
42*
?4 3 if
13
3.-4
*.<u
4?i
51
104
36}
ii's
151
"254
394
531
16s
51 J
11 r,
3*4
102
20
724
100
35
224
624
74*
504
4*4
51J
105
57*
33|
10
514
93
79 J
145
354
224
6.1
7<4
50 4
->*
105 J
r?x i
344
inj
6. *
&s
80
150
"J
1084 109J
121 12l?
224 22<
IO64 10?i
34)| 35
>j lOOg
101
764
187
73
'*74
42 4
1431
13
37 J
S0|
4 5?
44
99
34 J
i 27*
144
25 8
39*
53 J
167
50 J
1 15 i
37j
102
19
72 4
"34
100
100
105
76|
187
73J
15
87
424
77
1V9
73J
I i 3
ss
<-'8
1431 1 13 j
114 134
3. 4
284
Mi
43]
47*
9U
35 J
24
128
Hi
4
25J
39
50
3s
29
81 i
iB
IS
94 2
36
2S
129
15
6
39 J
53 J
166* US
50J 50 jj
1154 116
3
101
194
724
97
98
35
38
102
19 4
73 4
IOO
3*
38
r'0n Kansas City So., com....
'?OOI.ehlgh Valley
l.iKgctt and Myers, com.
['?Kgett and Myers, pfd.
I.orillard Tobacco, com..
l.ouiNvllle and Nashville.
?i00 Maxwell, com
300 Maxwell, 1st pfd
300 Maxwell, I'd pfd
1>00 Mexican I'etroleum ....
1.800 Miami Copper
600 Mo., Kan. and Texas....
i 00 Missouri 1'acirtc
National Biscuit
New Haven
500 New ork Central
"ON. V., Ont. and Western.
Norfolk and Western....
400 Northern Pacific ...
?>,*00 I'acillc Mall
7 00 Pennsylvania
.100 People's Uas
-?/>!!;.t~\ ' ? a 11,1 L.( com.
? ? 00 Pittsburgh Cob 1, com....
.?>,!'00 Pressed Steel Car
I"!??'}''- S1**1 Spring, com...
-?>00 Hay. Cons. Copper.
I. '>00 Heading
2R.900 Republic Iron and Steel'
1.-00 Republic I. and S . pfd...
2, .00 Hock Island told>...
300 Hock Island, pfd
10o Seaboard Air l.ine, com'
100 Seaboard Air l.ine. pfd'
St. I.ouls-South-.?
3.000 Sloss-Sheffield
7.1 00 Southern Pacific .
100 Southern Railway
Southern Rniiway
Standard Oil of N
Texas I'aciflc
-'.000 l.'nlon Pacific !
lOOt". S. Cast Iron Pipe, corn
I.'nIted Cigar Stores...
'.00 I'nited States Rubber..!
6 800 United States Steel
'-?on I .'nited States Steel, pfd!
'00 Va.-Car. Chemical !
C00 Va.-Car. Chemical, pfd
1 uO Western Maryland, com.
.00 Westlnghouse
Wabash
'.00 Wabash, pfd *
'?'O Western l.'nlon
Total sales for day",
Total sales for week (six '
com.
pfd.
On?n.
23 8
42
37
834
34
74
51
3 4
86
26
ioi
36
106
1168
513
34
231
14?*
33 4
90
12
4
134
32 4
37 J
S3
144
126
16
i6j
S3*
1 I 1
331
96 J
23
I'M J
"i
7o
432,7
da j s >
lllrh.
23 4
142
37 4
844
318
Mi
58
34
86
26
ioi
37}
106
1168
234
511
34 i
238
1 16*
35 J
91
124
4
134
32 4
39 8
S3 4
HI
126 4
16
' ?7i
65
1 1 I
33*
97
23
1"?4
"i
70
00 shn
. 3.136
.0 \v
23 *
37
834
33
734
5 4
3 4
86
26
i?'?3 4
354
105*
1168
'221
504
33*
33
1 '.64
3 3
904
in
8
l 3 4
32 4
37 J
S24
144
125 8
16
?if.J
63 i
1 10*
32 8
96 4
23
1 031
142
223
116
168
S?
32
73
27*
5*
3*
119
62 4
23
504
33 i
32
904
12
4
134
328
13
m
14*
<?4
181
124
1264
15
9?
454
64,
1 1 1
324
96
224
4
6!)J
res.
.500 shares.
4
69 J
August. <0<f>5.05; October. 1 JOt/rf? 22* Vo
vernber. ?; 00*it; o;; January. <">MTtr, ;j.
RICHMOND I'KOIJL'CK MARKET.
Wholesale ((notations.
i By I fvv Commission Co.)
HlchrnonO. Va., juiy 17, igtg.
. Lire 1'oultry.
' hleken*. choice, small. lb v> to
?'hlckens. choir... niMlum, Jb... ?i to
Hens. p ?r lb jj , 77
Rooster*. ca.h .. 3? ?
, F^KtR.
In crates, near-by. fresh. doi to
Guinea eggs. do/. to ji,,
T--j.rr.in. u a ?"?ter. Pf.r HOUnd
rurally, rhOK*. 50 ?
Merchants', fair, per lb !!!!!" to '?V4
, Mtp (Slock. *
?eai5, choice to fancy j, to ?U
Veals, poor 10 fair " < , '
Calve,, runner. . S J" I
sheeP ;;;;;;; 1 l? J 1
'?atTle*' 'rTU'K ? to ?
^ cho,c is'
Country hncc.n
'{a;rs ?e:i milked. small 2? to **>
'firm. we,I s.noked. large.... to 17 I
CM(?. -cell sr.oked .... 15 !2 ;;
ShouMere, well smoked ...... to it
. Miscellaneous.
Black eye P*--*. No. J. bushel 250 to 2 73
M AP.KKT CONDITION'S.
Poultry?Chlckcns, active at prices ouoted: !
nens. active at prices quoted Kgcs?"e
cf.pts extremely heavy, no 4 etna ml.'
ket lower and unsettled
1rm at quotation*.
HIDE AX|) WOOI. MARKET
By Old Dominion Hide and Fur Co. Inc.' i
Richmond. \'a . July 27." !9:> '
| . _ lll?les Per I'ounJ
'.reen Palt fo |
wr"r' :? to I
C?tr ?lil?? a'-eordlng to size and
' ' K* ,Afr 1 ?> to 2 VI
Dry flint to 77 '
?>? ?*'t ...!!!! to w
Glue and damaged hides at valu#
according to how bid tney are
damaged
r'T'en hides should be thorough
ly saltel In warm weather to
keep them from spoiling
Tallow.
Good. bright g
Park or burnt ' <Hto *
?iood. bright beesw * rf IS "to 2>
Wool.
Rrlght. No. 1. tithrvashed S4 to !?
Bright N'o J. t'jbw ashed SI to J3
'"nw ?shed. free of ourrs 2* to 50
I'nw ashed. light hurry 5 to 27
' I'nwashed, rr.cdlum burry 22 to 14
Unwashed. heavv burrv 2J to 71
M.VRKKT CONDITION.
Wool hat- ailvance'l. and In very good de
in and HI1ei are also very firm, and It Is
!>?.!eyed the market tvlll continue strong
It I" not advisable to ship preen hides In
?arm weather. It will pay better to salt
ihem.
CHICAGO GR AIN MARKET.
' M If A'lO. Julv !T ?Wheat prices t?:rr.ed
he*svy to-day. i wlnc to a more rapltl move
ment of -he T.ev* , rip The niaiket closer!
.?e k. st to J'* net >ie. lln?. Corn fint.?he?l
S "ft tr, , ur \ri\ to don n. fnd
pro* Isjons varvln?r irom lo?-? to a !lse
of C'-J
Wll F..?T? ??r>>n. Hieh l.otv. t'lo?e
: !t'i I.1?\ :.131, 1 i3*;
>epteT.b#-r . '. (???, : r>V. ! O'.Lj l.OT'i, '
Lv ei-iVr . .. J.Jji- 1'.:'. ? (viv " 'ot. '
cons - |
-T .1 !y , 1714 7<;i_ ? |
Srplember T.'i- T.'^j 7; " 7 V
Dece'tjber l". " ?'3 r.'v 1
OATS- I
July . ?r?*i jo 49u I
S.<pt?ttiK>r S' ts?, 27\ .'.7-. '
I tr. either
MOT I'ORK-rei t.bi. * j
fi.-tcl er tr. 1' |c \r. y, V> ?7 1
F-'ntc.nl er . .. I'l ^-.* I.. ?' '.".a*. "o i") I
I. ? ISD-l-er :0? lbs
( >? tolier > 'i" v iv> 1 ivi S SO '
July v.i/t t.fi too s ->-t j
S-pteinber .. f.70 5 1; . 5 37 1
SHom KIRS-per :?0 lbs
O toiler 20 07 1ft.07 ?()(?> to *7 i
.1 nv ; 'r, r-r,!
September ... 2" 27 10 17 1" 27 20 07!
<*a.?h grain closed: Wheat?No. 2 re.i, 1
nominal: No 3 red, new. I iflfil.2l\; N"o. "
hard, nominal Corn? No. : yellow. 75%W79.
RICHMOND GRAIN MARKET
Richmond. Va.. July 17. 1925
nvfoi r.s.\i.t-- vh;otations on changf
Wll EAT?C^r lots
No. ; red. Western, new t<t 1 16
No. ; r'-d. Virginia, new 1 14
N'o. ? red. new /ft 1 j;
Virginia, liag lots ?5 fj 11'
CORN?Car lots.
No, ; white ft 59
N'o 3 white.. 55 rrt
No. 2 mixed " <3 tg
No. 3 mixed S7
Virginia. b?.g lots, white tf w
UATS?Car lots. L
No. 2 mixed. ol<l nf 57
No. 3 mixed, old
No. ; while old gfl
No 3 white, old ^1)
Winter seed, bag lots, new!! ifi 7r (}?
RYE?Car lots.
N". 2 r>e 1 0.1 Si
N" 3 rye 1 0;' {(?
\ irglnla, bug lots 1 00 @ ; 03
RICHMOND H A V MARKET.
Richmond, Va., July 17. 2925
Car Ion
No. 1 timothy ff 23 00
N'o. 2 timothy jj ?>1 ^3
No. 3 tlmotny i!!l9 00 <R> "
l.lght clover, mixed <3 22 00
No. 1 clover mixed 21 00 <{?
No. 2 clover, mixed IS 00 fij>
?? ? elovor nominal
No. 2 clover nominal
Sample hay nominal
STRAW?Compressed ff s [A
l.oose-pressod, lurge bales... <1 9 ,0
MIM.FEED.
Slilpisttiff. winter fit 29 00
Rran. winter ^ 27 00
Shlpstuff. spring 2S 50
Rran. spring (K I*< 60
CIIICAC.O LIVE STOCK MARKET.
CMICACO. July 17.?Hogs, higher: bulls,
I7,2."1fl7.7.'t: light. J7.r,".'5|V10; mived, ?7.'.'0fyc,>.00:
I heavy. V> lough. 5''>.S5f/57.00: pigs,
j ?7..V.Trt-',i)0 t'attle. steady; native lieef .steers.
ItVOOfi jio to- Western steers, J7.1.iV$S,S'.: cows
I anil heifers, t3.20W|!>.Si; calves, fT.OOfi*10.,V).
Sheep. weak; sheep, 75; lamlt.s,
JS.W^ff- .10.
RICHMOND LIVE STOCK MARKET.
(Sales at Union Stockyards.)
Richmond. Va., July t7, !9!.i.
Rent alters S1?; medium lo good. 7'ifi(S;
common to fair. best heifers. 7*j'SS.
medium to good. common to fair. <;tf
7; best cows, 10 ; medium to good, ^
frfi; common to fair. iV,1 to 5'j; best oxen,
fi'i to 7'i. inedljin to good. 6 to ?iV*; corn
njon to fair. f> lo K; best bulls. 6 to rt'.i; light,
S to 5*i; ftesh cows, $t0 to ISO; veals. 7'/a to
S'i; liesi sheep. ."1 to 5>.?: medium to good. I
to common to fair, 31, lo 4; best Imtbtfe
2. common to good. '',j to S.
MISCELI.AN EOi;.S MARKETS.
DRV tiOODS.
N.'CW VORK, July 27.?Many lines of fat.cy
cotton goods will he opened for spring on
Monday. Tho week-end arrival of buyers
was iarge Cotton goods to-dav were
steadier with yarns quiet. I.ineps ire be- !
'tie's''h* v'ry ,rar''' some staple luantl- j
NAV'AI STORKS j
SWa.NNAII. OA.. July 17-Turpentine, j
; sales. 137 casks, receipts. ]
C.O tanks; shipments, t?> casks; stock. .'t.OlO I
cis'as. Rosin. Arm; sales. l.SV) barrels: r?
celpts, 1.984 barrels; shipments. 391 barrels;
i>iock.?, 57.17S harrelt. Quote: An. 2V>*i3 00;
CL> 3.M); !?:. S.nr?; F. 3;o; sr.; 111. 2.-JO;
<. S.?: sr. i N, a.KKf'S.y; WG. ?lift'..25;
WV\. f..40<7?.4i
PETERSBURG PK.AMJT MARKET
(Reporter) hy Korlgern. i'lummer .% Co.. Inc.)
PKTKnSBUHG, \'A.. July :7.?Spanish ?
Farmers' ?tOck?Market uteadr. First iual
Ity. SSo per tiushel; offprade. ?0c to 50c per
L.ush?l. VlrKlnlaus? Farmers" stock?Market
i ?teady. Fancy Jumbo. ?'4c per pound;
'incy handplcked, 3?*c per pound; extra
prime. 8c per pouQ^?; shelling stock. to to
j l>ic pet pound.
Dry fioo'ls Reflew.
| NKV." VOVK, July IT.?Trade in fancy
? nd colored oonon Koorl* for the 15I*> spring
"5>in hroadfned O'-irlnn th? we?k. am1 at
?ery low price* there has been S""je lat?
"onirnctlr? on wide print cloths. Values on
* i'ie i loths ! "ached a low level of 5*4 cents
for four->.nd square* and 3*?c tor 3S1/ -
j :*ich it by ?/>*. tht-so prices representing a
i '"line of approximately i; cent a vani
since thf first of last month. Sheetings
drills and other staple' brown Rood? tor
?Jomestlc use hn\t ruled 'julet. Blearhed
cottons ;>re steady, particularly on Uie bet
ter known bnnriol lines. Ou< k for export
(s in steady leniund, a. sale of -.000 rolls
t of army durV. for shipment to Europe b?
:n?; one of the features of the week. ' ?n
a basis of >,4 icnt f. yard lower than last ]
>?ar. a 1 ir,'? business Is belnc done on :
'hlrtlnc chsmbray and bleached madra>
J lor the manufacturing trades
?>r. rorte otton lines- business shows a '
1 much more hopeful prospect than a vear |
j if) Hosiery trade Is pood, and underwear j
j moderate only. In yarns the best
i O'lain'sw win? lone In coarse combed |
' nLinl'Ms lor t.re du'k
1 Prices quoted, print cloth?. l.'S-ln'h |
, 2'*; fJx-Vi? . lr ( 3?l,?-lr.c-h SI\4I>. 3 IS 1?h ;
| brown *h?etiiisF. Southern st.mdiirds. ?. ?< ; |
standard prints. .'triple g!nchin.s.
j denims. 5 otiiu?? *!u?>. .?c; ticiilnscs. --oi ticc. |
' i:v . c.rt>s glnghimc. !? V?c.
Ml .GIN II.I,. Inly 17 ?Butter: 1"0 tubs
| sold .it iT. tubs sold at St.
BnnU Statement
I NEW VORK. .1 'j 1 > 17.?The actual cordl,
, tioii of < learli.R-nous-e I.auks and trust com
' ;ia iles foi the uitk shout that they bold
{.>">. 730 reserve In excess of lesal re
?I ilreivents. in lntr-?.i?e of 16.714.110 -jeer IkjI
j ?* ?-U.
The statement follows:
j Actual iondltlon
l oans. ftc? };.aM.9|{,?.0C,C: increase. St.VIJ.000.
Bt-serve In mii vaults. IKP.u'.V'iOo. of which
13^1:37."*? Is specie; Increase. IS.4JT.0ey.
Itveei ve In other depositories, l3f.lfW.000;
decrease. JfV <*?)
Peserve tti It-deral reserve bank. JlI7.CO.OOa;
1 in> -ease. }V?7.000.
Net demand deposits, l.'.JTO,: li.O'M; In
. r? $:;.7td.'?>.
Net time deposits. SUS.'S'VOOO; increase,
l.vw.
Circulation. I37.5'J?.W1; dei re.?se, J70.000
Ag?;r?-(;ate reserve. {-'/M.S3!.000.
K\' ess reserve, ~.f>, inrrerL.-'e,
no
Summary of Sut? banks and trust ? oni
panles In tireater New York not Included
in i le ulng hiuse statement:
l.Oiins, etc.. fri33.341.JiiO; decrease. It.013.COM.
| Spec ie. dect ?-ase. J3.3..i<0.
' I.egal-tenders. I9.741.200; decrease. <s,i.:no
Total dt-poslts, 1740,497.000; increase. }3.t>ll,
Banks" cash reserve in vault. $ll.t3t.0Q0.
Trust companies* iash reserve In vault,
1 J4
! SELLING MOVEMENT
BRINGS LOWER PRICES
(?o<id-Slzr<l KetlBen Are Put Out
.Vgnlnst New Crop?Knriner* Ad
> l?ed to Hold U heal.
[Special to Tlie Times-Dispatch.]
CHICAGO, July 17.?The. fact that
there was re-sellinp of July and Sep
tember wheat by some of the larger
receivers caused a general selling
movement to-<lay with a consequent
decline Iti prices. July lost 2 1-S and
the deferred months were off 7-S to 1.
In addition good-sized hedges were put
out against the new crop. With ini- j
| proved weather in tlie Southwest, har
i vesting is beiiiR pushed.
I The new wheat received here to- j
I day was in fair condition. The to
i till receipts were seventy-three cars, j
; The cash trade was light, only 5.000
. bushels changing? hands. 'Phe sea
| hoard reported scales of the new crop
of 750,000 bushels.
I The bearish feelinpr in wheat was re
jected partly to-day when the selling
'became general. This indicates that
j with a heavy movement of the new
I crop, there will be much lower prices.
unless the receipts .'ire well taken care
i of.
Some of the ensh handlers are advis
ing farmers to stack their wheat. In
the belief that there is a possibility
of better prices later on.
It Is said that stocks of wheat
abroad are not so large as has been
said, the amount held there having
been exaggerated to keep down prices
in this country. It is further said that
Oreat Britain bought the larger part
of tbe Canadian wheat crop, and that
foreigners have bought more wheat in
tbe United States than Is generally be
lieved.
Corn and oats were mainly lower,
the former showing- a gain of 1-S for
July, while the deferred months were
3-8 to 1-2 cent lower. Oats lost 1-4
to 3-4 cent. Cash sales were 150,000
bushels of corn anrl 130,000 bushels of
oa ts.
Professionals in provisions offered
enough of the various products to sat
isfy the demand, and the market ruled
weak in the face of advances of 10 to
15 cents in the price of hogs at the
yards. Packers supported ribs, but
the tone was ea-.v at the declines.
Curb Mudernteiy Active.
NEW YORK, July 17.?Trading on
the curb was moderately active to-dav,
tbe tone of the market being generally
firm. Electric Ttoat sold from 107 to
19S. a gain of 3 points over yesterday's
? ?lose. Greene Cananea was up a half
point. \Vestlnf?hou se convertible 5s
were active, with a fair demand for
the bonds at yesterday's closing price
of 107 l-<.
A CAROLINA SCHOOL THAT
IS A SAFE ENOUGH SCHOOL
j Some (iond Thlngt That Chsrlly's
Money, Well Spent, Cnn Very
j ' Well I)o.
nv JAMKS S. IIOIIINSON.
j LEti BR WOOD. V. C.. July 17.?As a
i summer visitor to the Patterson School,
| In the bcautlfiil "Happy S'alley" of tho
Yadkin River, an<l with no other in
terest pave pood will, I desire to bear
personal witness to the prepress of
the school and make some observations.
A splendid work is beinp done by Rev*.
Hugh A. Debbin. the principal, and hisj
able and faithful assistants. The farm.]
with its broad and levr-l bottoms and J
growing crops delightful to behold, Is
being carefully and systematically cul-J
tivated, and limitless possibilities are:
bound up in this farm school, which is]
offering such great advantages to the;
poor mountain boys. The Patterson!
School Is run on voluntary contrihu-l
I tions by the charitably inclined who
(desire to aid In the education of the!
| mountain boys who are unable to cdu-l
cate themselves. The farm at present
j supplies the food for the boys. the
| faculty, assistants and the stock on
[ the farm. The present, capacity of the.
school is thirty-five. With more
equipment the accommodations could
be very larpely increased.
! Bright, ambitious and deserving ;
[mountain boys are knocking at the
j doors of this school almost dally, ask-!
line for admission and the chance to'
obtain an education by workinp their
I way through to useful men in society
J and the church. Their cry should be!
I heeded by the philanthropic churchmen
and churchwomen from North Carolina
| to California and from Maine to Mexico.;
I Who will respond to the cry of these
I mountain boys? When they are asking !
for educational bread, will you give!
I them a stone? j
j Seventeen fine, bripht. intelligent 1
I boys, from thirteen to twentv-three
I years of ape. are working th?>ir wayj
[through school on the farm this sum
mer. and it would do the most callous
heart pood to see with what a willing
ness, determination and energy they en
about their farm duties. 1 am her*
with the boys; have heard their hopes
and aspirations, and I know what I
am talking about. It is an inspiration
to see them and be with them. On this
beautiful farm there is every incentive
for cultivation of the love of the beau
tiful. inculcation of industry and the.
pathway to noble manhood. With edu
cational instruction and the practical
knowledge pained by work on the farm
there is a moral training as pure and
as sweet as relipion itself. The whole
some atmosphere and environment here
cannot he excelled.
The. Patterson School needs more
equipment, needs It badly, and needs
it ripht away. The greatest need. Just
at present, is an electric plant and a j
work shop. One of the best water
powers in the State is here ready to
prasp and speed a dynamo and carry
light to the buildings and turn the
wheels of modern machinery in a
work shop to make the schoc.1 more
perfect.
Hive thousand dollars is needed for
this purpose and other equipments.
' Who will hear the cry of the little
mountain boys who cannot enter now
and respond? I will bo one of 100
churchmen or churchwornen to give $50
each to push the Patterson School that
much further forward this >ear Will
you. Interested reader, be one of the
other ninety and nine to come into the
fold of tlie happy ion? You will be
doubly blessed. and many a little anvi
ou.s heart, now thirsting for an educa
tion, admitted by your Rraerosity, will
, talse his berry-Muln?d hand, protrud
ing from a ragged sli>evr, and t.ili
you blessed. II you will Just Rive your
name better still, send your Uteck lot
*.>" to Itev. IIiikIi A. Dobbin, principal.
: Legerwood. X. C.. you will do a deed
that in future years will shine as the
stars.
: GOOD THINGS IN WISE COUNTY
.
?Uf1Sn' ,VA ' Ju,y '" ?The heavy
rainfall of the past two weeks has to
( a certain extent retarded the cultiva
t tlon of corn and maybe some other
crops, but on the whole we have done
Kte.it tilings this year in Wise County
I'otatoon. K,ass. oats, wheat, rye aiid
garden crops ate reported the best in
? ears. Corn Is not as far advanced
is it should i>o. as th?* weather has
. oeen too cool up until the reectit rains
oegan, since which time sunshine has
j oecn lacking. There will t.?- more fruit
, than was expected after the ravages
j >f the blight, though the crop will be.
I .iirhter than last year. A heavy elierrv
?jrop has born harvested sail gold iii
?.ho towns of the county at a price
ranging from twenty-five to forty
i cents. The corn crop has been great
I., dam.mod by wire worms, cut worms
and burl worm p.
STEEL ADVANCES SHARPLY
Itennons Are t.lven II.v the Mrn Who
Are Supposed to Knurr About It.
| ?ne of the largest stool companies in
' the country has advanced the price of
; bars to 11.35 per 100 pounds. The L'nit
! ed States Steel Corporation and the
j Cambria Steel Company have advanced
tho price of bars from $1.25 per 100
pounds to $1.30, equal to $1 a ton. Other
steel companies are expected to take
similar action. Early in the year bar
j prices were as low as $1 per 100 pounds,
so that the present price represents an
I advance of $6 a ton. Tho Iron Age.
j commenting on iron and steel condl
t tions of the. last week, says: "A further
Increase in steel production has become
| necessary to keep pace with the con
tinued expansion of demand. July de
velopments have gone so far to
strengthen the situation that steel
manufacturers now speak with assur
ance concerning the remainder of the
year. Following the announcement of
an increase of 413.ono tons In the Steel
Corporation's unfilled orders in June?
a total that exceeded estimates In the
trade?the corporation has started up
four more blast furnaces and a consid
erable number of open-hearth furnaces,
and this week's worklnsr schedules rep
resent 90 per cent of its ingot capacity.
The resuming blast furnaces are at
Cleveland. I.orain, South Chicago and
Pittsburg. In addition, the Riverside
plant at Wheeling, W. Va.,'constituted
of two blast furnaces and two Resse
mer converters, idle for two years, has
been ordered into commission."
EVERYBODY INVITED
Cumberland County F'nrmern' Cnlon
Wunt* IIIk Crowd nt Annual IMenle.
| CAnTKRSVIM.K. VA.. July lT.?The
Farmers' L'nion of Cumberland County
will hold their annual picnic at Thomas
I Chapell Church, about six miles south
I of Cartersville, on August 2S. They
are o\pectins Governor Stuart. Hon.
Claud Swanson. H. I>. Flood and John
Garland Pollard as speakers of the
j occasion. This picnic has always been
; a great success. With this array of
i talent and a good dinner, there should
j be a larue crowd. The public are cor
dially InvUed, and to brinp: a basket.
OPPORTUNITY
FOR CAPITAL
A prosperous and rapidly ex
panding business offers excep
I tional inducements for some ad
ditional capital: safety guaran
teed. Only investors having
$1,000 or more need reply. Full
investigation offered. Some o(
best business men already inves
tors. Replies confidential. Ad
dress INVESTOR, care Times
Dispatch.
Generally gets what he wants?provided he
really wants it and earnestly seeks it.
That's our doctrine, and we believe it ap
plies to institutions as well as to individuals.
This Company wants and cordially solicits
the following.business from reliable people:
Personal and savings accounts (large and
small) and the deposit of idle money awaiting
investment, upon which 3r^ interest is paid
on daily balances. Such accounts are subject
to check in usual way.
Virginia Trust Co.
1106 East Main Street,
Richmond, Va.
Capital, - - -
Surplus Earned,
$1,000,000.00
300,000.00
Established 1892.
FERTILIZER FOLKS MEET; i
DISCUSS GREAT PROBLEMS
People Who llolil lilt; llnnd With
KnrmlnK lnlcrr*t AxHrnililo In
Talk (l?cr .Mnttcrn.
A correspondent. wrltinsr from Hot
Springs, ji ml who has Ihimi there for
:i week or more attending an annual
meeting of the fertilizer follts, writes
the Industrial Section somewhat as
follows:
The- optimistic spirit which has per
vaded the meetings of the National
Kert i lizer Association, held this we>d<
at Hot Springs, is one of t }?o mani
festations that the members of these
associations will successfully face the
many difllcilltles con fronting tiie fer
tilizer industry at the present time.
Not only have the meetings been
unusually interesting and instructive,
luii the entertainment features of the
convention and the recreation facili
ties offered by this ideal mountain re
sort added materially to the pleasure
and enjoyment of all present.
(enthusiastic support given by the
members is reflected in the large at
tendance this year. Last >ear. the
night before the opening session,
eleven members were present. This
year, a day before the convention
opened. I rt*? were present, and up until
Tuesday noon the attendance wis fai
ahead, and the actual membership reg
istered was within three of the total
number on the last day of the 10! I
meet incr.
Sincp these associations met at Hot
Springs last July the fertilizer indus
try has been going through the most
crucial period in its history. In fact,
the consensus of opinion Is that th<
real test is to come t liis fall and winter.
If cotton sells at a low figure, the
Southern fertilizer manufacturers and
those with an extensive trade in this
section will, it is the belief of those
here, have a hard time of it.
The amount of fertilizer used in the
past year was greatly reduced. Take,
for instance, the figures of some of
the Southern States. Georgia used only
.'ft per cent, or 710,sno tons, against
1,2.16.010 tons the year before; Ala
bama, SOS,o tons in 1013-14 and only
303,300 in 1014-1.-,: Louisiana, 00.5SS tons
last year and only 73,120 tons this
year: Texas. 17,420, against 77,450 in
1013-14. South Carolina used about ".0
per cent this year. North Carolina
about 75 per cent, Virginia about SO
per cent, Mississippi about 45 per cent
and Florida about 75 per cent. This
great decrease was not wholly caused
by a less demand for fertilizer. The
farmers of the South have, in many in
stances. purchased fertilizers to the
limit of their credit. That is the rea
son that some sav that the prosperity
of the whole fertilizer Industry rests
on whether the South will he able to
sell its fall cotton crop at a profit.
Mnn.v Addltlonnl Spindles.
("JASTONIA, N. C\. July 17.? Probably
4,ono additional spindles, with otner
machinery, will be added by the Gray
Manufacturing Company here. The
company will build a two-story 75.x
f>5-foot annex and a two-story 55.x?7
foot addition for a picker room. It is
adding a one-story 75x50-foot yarn
room for an installation of warpers,
winders, reels and presses.
CHESTERFIELD IN FRONT;
JUST WHERE SHE BELONGS
A Chesterfield County man writes the
industrial editor an enthusiastic letter,
in which he claims that, if Chesterfield
were left out of the equation there
would be very little of Virginia at the
great exposition now on out on the
Pacific Coast and known as the Pan
MCHMONDi
TRUST
SAVINGS
.COMPANY,
Mnin nnd Seventh.
John
Wannamaker
"Tlic difference be
tween tl?e clerk who
NpcnilM nil of hIn Mnlnrv
nnd the clerk vrlio hiivcn
pnrt of It Im the differ
ence?In ten yenrw?be
tween the owner of n
bust urss nnd the ninn
out of n Job." Spoken
directly by a man who
h.-'s learned from expe
rience. tiiis opinion
commands respect.
We wish to encour
age young men and wo
men and help them pave
for themselves a way
to prosperity and suc
cess.
Consider the little
Savings Account, how
it grows!
We allow 3% on Sav
ings Accounts and
? ?redit interest monthly.
This means compound
ing proflit twelve times
each year.
llt.VMXfi,
Tltl'STS,
SA vi.\<;s.
It 10A I. KSTATE.
Ont Million Dollar]
Capital
1
a in:?-Pacific Exposition, or something
like that. It may he that th<s Ches
t? ? ttieldlan Is talking somewhat throuj&M
lii.s hat. but may ho ho isn't Anyhow,
h< r?' is what he lias t'? say:
"I want to call your attention to th?
fuel ili.>t <.'lu sti-i (i'-iil i? strictly In it,
ami it' the: ?? wore no Ohest?rtlcld ther?
w ould no Virginia In the first j>lac?
iho whole \i uin i la;, .'lit is presided
over l>\ Captain \\\ \V. liaker. a Ches
terfield County man. Miss lloth. a
Chesterfield County woman, ic tho r>os*
of tho Viruinia end of the show. Tho
Itivitxyt South* i n exhibit there. from a
farmer's standpoint. is tha* made by
tli?? I'cllwood boys, from a Oliesterflelii
County farm. ' 'olonel Bulll iiKton, of
the Coventor's staff, who, l am told,
showed up in uroat shape on all occa
sions. and li i ~ sweet little 'laughter did
llkewi'-e, is i chesterfield County man,
liolnc the ti ippy owner of a little honi<*
I in the sweet village of Boil Air. and I
:i!u told that there were some other
I<'hesterRold <'ounty folks out thero
j who u ei ?? too modest to have their
j names |>iit hi print i Just, want to
M>rinc out the fact that Chesterfield
did the Vlri'itiia honors all riicht I am
itold that \'i?e^l'resident f'rew>, of tho
Chesapeake and Potomac Telejihono
Company, has said that if it had not;
been f(?r the Chesterfield contingent
| there would not have been very much
* fun with the lone distance talk on that
memorable event of the Mh of July.
They do say that a little Chesterfield
girl did the most sensible talking of
Hie occasion. I am sure that 1 do not
know, but I am just telling what I
have heard.
1 "And let me say, in eonelusion. that
the telephone talk was one of the most
thrilling thines of the twentieth cen
tury. Mr. Crews, who arranscri it, is a
irreat man."
The difference between
?advertising that pays, and
?advertising that merely
fills space,
i is the difference between
i ?advertising directed by a
skilled agency and
?advertising done hap
hazard.
Cecil Advertising Co.
1110 Mutual Building,
Kirhmnnd, Ya.
"If You Advertise, You Need
an Agent"
"ASK MK. BOWMAN"
For tnforriiaiton and rates to Califor
nia expositions ht-fore making ar
rangements elsewhere. He can proba
My save you money. Tickets by rail
or v/ater to ail noints. I'hone Rau
t'olpli -t.V?7. (11s K. Main St.. Kichmii . .
\ (i.
First National
Bank
CAPITAL ANT) SURPLUS,
$3,000,000.
Perfect Protection j
fr W V V vvvw w
The
Workingman's
Bank
We have made, it easy for
any man to get the benefit
of the protection this Big
.s.itional Bank can toive. You
can start a savings account
Iiero with any sum, as email
.is $ 1, and we pay interest
at
3c/c Compounded
Semi-Annually
PLANTERS
NATIONAL
BANK
Capital ?V- Surplus,
$ 1,850,0110.
HENRY S. HUTZLER&CO.
BANKERS
SOLICIT YOUR PATRONAGE
IN ALL WINESiOF &?
GENERAL BANKING,
? I hi T CREST AULOWEb |?ij|
ON SAVINGS ACCOUNJS.
We arc prepared by our connection with our New York Office, as
well as our (tranches in all parts of the country, to take care of
accounting work of any character and however large.
Our staff is made up of trained Accountants and (Experts in vari
ous lines, and we are in a position to render prompt and efficient
service in any case.
We aro also glad to take smaller contracts. Whether your work
requires one man or twenty, let us talk it over with you.
American Audit Co.
211 American National Itnnk Ituildiug, Richmond, Va.
( has. A. Peple, C. P. A., Allan Talhott,
Resident Vice-President. ItchUlent .Mgr.

Richmond times-dispatch. [volume], July 18, 1915, Page THREE, Image 19
About Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current

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Richmond times-dispatch. [volume], July 18, 1915, Page THREE, Image 19 About Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current

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Richmond times-dispatch. [volume], July 18, 1915, Page THREE, Image 19
About Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current