Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, August 08, 1915, Image 19

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Richmond times-dispatch. [volume], August 08, 1915, Page THREE, Image 19
About Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current

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Richmond times-dispatch. [volume] (Richmond, Va.), 08 Aug. 1915. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045389/1915-08-08/ed-1/seq-19/>

Newspaper Page Text

MARKET PROFIT-TAKING
CAUSES IULAMTV
1'iiial Prices Show Losses for Day,
hut Substantial (Jains Over
Week Ago.
WAIl SIT AIIKS AKK HIT IIAIU)
Heall/.itiK Is Pronounced in These
Issues, and Crucible Steel and
Hcthlehcm Steel Score Larue
Losses?Fears of Crash Revived.
IIV IIHOADAN
NKW YOIIIC. Auk iik t Wall vtri??t to
day Hosed the week'* Mock market with
profit-taking that I til r?.T r t?-'I !rr?rul.?rl(v to
the llht. y?r 1?? * t. while showing sllffh.t
friK-tlonal Iohmpk for the Hay In .the stand
:*r?1 ra 11 road < an I ind retrial.*. showed inib*
Ma.iti.l tr 11fiv rivrr a week atco.
Itoallzlnc ivok prntiniiiictil In th" war
s-trn k* ?'rucllilo Steel and Mel hlelietll St"l
?ho-v ir.ir l rc- for th" day.
nth a: x hhovti ct Hi" opening. "ralri*
of from .i frullon a fu*l point Im-!iis
r'liirdl'l through" ,t the list. Onll'.lni:
fal? ?> 'itp In Iai'i'o vol'imc !r. tkie last
? ???;!. MUH'nr ? lit;. ? ,,f more th:>n a pout,
I nt htfor" tin; low" th"w m a roco\ery.
'Ih" l.i ft fr ? p.initio* nf trailing re\lve>:
fo.u- nf a pOffltiU- ? olln p.H? III th" war
'tn kf by a l.roak of nearly "> point* In
i.'riitlW sipi-i, tit., tlnal ^notation for which
y th<> lowest oi tin 'lav and *'? points uii
?!?r III- lish. Tlir :i? lion of < 'n- Ib'e
In tin' Inst I?i> mlnnle* of tridlnr ftrnlshed
hi 111 i-tr.itl' i. what ma" lii|i|i-n -inv
mo.n?i.? in ij.p n:ir shares M un i-ln-k -
In Hit. romnilf *loti li oil 5i*i were sounding
ilie noon houi ?l?-i?ttt|ti^ I'll 1 litf of liisl
i "*? - I ? n i 'r .i''Ililt*, wh P h w ,i f *.#> i i n .'
rn ,n ; Vj. turn-"! * rjik un I tlropp?ti| l'_.
? 11 ? t. 1; i<l It not '?( i n 1! * ? ! V f.i.i' ii i 1
?i i' --oiiii'lf'i r t l'.ti th" ?lt ? 'int.
: ri.' .>.ly f11? I.I have eontIn i'"l . Trmi"- ?
''it.pnr, nlilih lii' !trok*ti away from 'hi*
?n of ihr ? opp": fliar'* h?i ;tu?? It" p.-o
'I ii" Ion oi i .ioj.,-: 1 only pa"! 'it If- h Ml
ne?f . ontlniioil In demand -int! n.-? to a
new hlrh pi'ti* tor ilii> movement on ?h-t
?? it that It lt.i- pr i Tally ionilU'l"'I i
v ?ilarp" '?'?ntraet fir eld with oil" of
Mi" alli'K Thin an nl?o rutin.t? iht> th"
?1lrictrr? would not he adver?" to lnrrfns
Ing thft divider.!, l? ii'liis; earned
t ?.? I f.
NKW YOflTC. .ViRijut r ft r"firt h cbloil
i ? iy from tj,, >i. . v. mark't to.il.iy. ami
h?r? wa? a general rli'ilin* on comp.irrt*
\< licht I.iof Tli?- ilemanil for all
r"." .tirk> -.'"licil ant| t li"r" wa
? r".t*"l >i'i >?!!' hii." to i Knur", win
?: t th nt ;t ! t l.tjj ins of th" far'It
>&rt ol i h? eek.
W": Mil k* \t or*. m<>?t % ulnerable to
: r. v .! * "I ?.< Hi.i wa? or?l"rly. hiw
?: th no i . 1 ? I"i.? " of ms>nt or
i' ? :. r. K
Not wlthittdndlns th" general trend, ef
??iir-t. with temp'arar} suice>? Ir, a f"v
i *i . u ? S ? * r l ?? ?< . t f. |..;. i.r*r in ! lit irm'*
'i.i 11*. Ii roje ; p' lnt" to .i new l.lch ??'
? : : t T-t |; t-. ?. i.. j,r i. i v wiri> oi;- !" .t I fit
r i! >*??'.??? - >? t. >i t?{% n. ..! ':
i . ' til Will. i i ? ?' it! ?! nl h i Of"
IS to U%\. Bethleheni Steet was quieter
than h?-tetofor?-. making; oh|>" a final1 glittl.
ah these stocks fell i>u k on th" ^e tier a I
Th' ? .???< " ? tk ? ..?? in Ht t'1
? ? *i i 1 V M V .ft :'|? v on th? iy.
i! 11 . * ap* as .tf|'i? ' - '>f to* -! t -
!" ?? ?!," I'.t S Sfl". ,l:n
.. ? v it,- n i - hi; !? ir ? hc> 'if ? I."
,? i . ?tr jt tlvi> Infljim " Vnr
! \V. ?tt i ? ?? J in* cro? . ?Hrntiir? In
|MC <?/ .tr.<l n?I "art lngf IS'.j.tO
n |' i:it I'nipi iti\" f 11 oti u
- ? v that th" -1-ijiI 'llvH'r.it ttoij'i
i r ?. 1 ? " x w e r k
ma:-i" -*af t-asv. t'nl'*!! State*
.; .? ? :: ? 1 L? ? r. a'.I dut Ing t ?.?
\V YORK A-.cti?t ' ">! ?rr* nf !!* *?a
?i. .in, Sfr'lnc ii\t\ (lav litll? It
i" nii.ii. It"'.. t"i eablesi H.tWi l*tr
. ?:*, Mexican dollar*. v.\ JJoverii
r. !? mi i'|i HrttlroH'l ! r. r i-\
BOND LIST
?"in* fo\': l.ln? !?? ?? h!'!>
f. ??!. N ? 1?k?,? 11 .
<" I. (V ?- ? 1 r. Hiltlitnr' ?-il If"! > "" j
11 y* . I.', iv. ~r
an I Mv?r? T?
?-lll?ul ftn W?U
:? v. in! \\ 4 4?~> 1 bid 1 It'S
t \!" ! .!ne ^'amped t* T'1.
? ?..-?! vi- T.in- adj. :.k ..
n !';i III. ? v i' w,
II H'Utt IV * > . l/l \
jih'tn Hal.way s ...
.-? ||.ti4l?rr! J 93ft . |.M I ...
R'3l?ttr? t \y.\ i?iM? If^y,
f'anaiot l{e|;istere<l 5s. IStl I bid I.. 'O'V^
?<?ci*v <? 1
s. stoel za s? }o:\i
.? ? l.t Hrfrti! 1!r"s < :f? 1 \\* Vn )..., rS
\ I. r.<1 5''>v. *r C?. n* 1 bid 1 . k?
V* ?'.-j t <"*>?'? . i? ! Co, Si (bid) S8
fill IIM'iNIi >T(I' K MAHKKT.
1' "i.-kie ?; Huri-h sj en 1
? 1 V.i , A-JfU-: 7. IJ'.i.
? \rr. ?i:? cjutiks. bh ,\.?k?a.
??. Old C and ft ?-Vt
V> Centurle* S. C. and R V5 *"i
STJIKKT IIA II.WAY BONDS.
v... H\. -nd Power Co. '.s SI M
- 1' H K KT K A 1 i .W \ V STOCK S.
\ . !! in - 1' Aier Co.. pfd .. V.
I' \ , t If*' V O ST< ICK.S
Atlftnti l.in*. coin lift . .
;"h Mti.eak* ! Ohio.. I.
Norfolk md W'slcrn om ir'r<
c? 1board AI ? I.lr." pfd 3">
Seaboard ,\ir T.lne, com 14 ...
af?i"h?Ti? f: . " v. I'M ? 4*
S".'belli Hi!' ' ? v, > r.111 15
!' \NK fT - ' K
\ ?u r 1' in N ?i i'-n il ;V
I street 1? 1 -ik *
hir-t National Hmk . jr.*
.-'?|iin ps H.in' of IM'-hmor.d 93
T!tr.-T < '< )M I'AM 1 :s STOCKS
OW Dominion Tru 1 Co :o3
Virginia Tru? f
M I ?irU.I.A.V KoCS
V 1 fit. Ch e ,!i I- 1! pfd . .. :<Vi
v.i. Car. Che*rilcal, ? o?n 35
rcHOS MAItKKfS.
N'.W \11r1iKt Ar or?nin? :t .1 -
v:ir.rn in the ???USfiii murket to-d.i> ?.? i?l
l>.v* <? l lis r" 11 tlon- but i>ri <.? >irin^i! v:p
ay-'ila on tlif rep.irl~ *i| ???ntintiv! <!rv
??;ithfr aii'i lilKher t?tnp^rat*irc? in T*x.is
wlih tli?* ilojr ilrm at a n<M ailx mi. p f.f T
to 0 polr.tF.
f>lntivi*> rtrm i .ililf '. an>! iti'* fft:liir? o?
the weathf-r imp to thou an\ rain of con
?ioq-ior.' o in th" Soutbw??t to be
liirr.i'lv ri'f-pftiolblo lor iho op. nirs i\.!v:?nce
->f 'omc r to ! opoii !s .mil bl'vll f Was nl-n
eni ouracfl by balHs>i private crop rpport?
fro ii North *J>xas? and Southern Oki-ihonta
Tli-'re wa- a tjoo<i lioal "f rc.t'iy'ini: (<>r over
wc^k-ond. however. Some lorn I traders
srcnu'i to think that the \ve?rerr. !i.?U fore
ran for clotnly weather ntight tu-n into
rain prospect.- over Sun.lay. v. bile pr: ?ite
reports that it lias rainiliK at Wichita l'.iltM.
Toy., teniie.l to entourage thi? view of the
situation. H; vine was not much 'n evl
rlerce, ft? the market, worked of; to t
^iift'Ve uniler Fruh'y's clo.?e. but the 'le
lHlle.1 w.Mthci report for the Hous'on dic
irU't. fhowlni no rnln. with 13 points, re
porting maximum tompenilures of 100 !?
crfi - or over, ch-'. ktil the s^lllni; movement.
I'rlces th? n tr.lliei! unite sharpiv on T.iver
pool iii'l New Orleans buyinc The un
-ert'iinty of rrowiiifr conditions in the South
west seemed to counteract the bearkh view
rf th-> approachinc new crop movement.
=o far as th" Immediate market was con
cerned.
Cotton futtues clo?e.l firm.
Open. Mich. Close
OctiiHer !? I". ;i.51 9.41 ft.r^
Pe ember &.!!? ?>.SI 9.7ft r, so
lan.inry ?!?3 f?.?4 9.S3 ? ;?
March 1? ?'( 10.!? !ft.ft; in.r,
Mav m.Sfi ift.SS 1ft.'ftss
Sj Ht .otton, quiet; middling, uplands. 9.?*>c.
No sales.
N i'.W VOItK. Auftnst 7.?Port movement ?
J!id UIiir. 9.4*c. 1C\ports, ".ftft bales; stuck.
?ll x. 1 bales.
Total to-dav at' all ports?No' receipts.
; (i9T iia'es ;e\ports. ?i.59S bales; stock,
ro1; 1 ab s
Total for week?Net receipts, 2.ft9T hale*;
exports'. bales.
Total for season?Net receipts. I'ft.ft."..' bales;
?\ports. M.KS bales.
\r \V ORI.KANS. August T.?The price of
t-oiroii move.I wlth'.r a narrow racuc 'c
iav. Ptilllsh influences were at work, hut
the market was held down by realizing of
profits on 1 he loni; side. The net chnnfte for
[l,p -os-lon *\cs a sa'.n of ? to ! noints. The
loiio "vas noi.e too ^ood ov/inK t'? <inioadlnjr
?,c lonjr-. Cotton (utures closed; Octoiier.
O.'i e iib- r. 9.5s; January. 9.71; .March,
1.91 May.
rfpot cotton steady, imilianprd. Middllnr.
, S}c. Sab s 011 she spot, -.'Oft bales; to ar
rlve, boles.
NKW YOllK I'KOIXX'K MAHKKT.
X k \v YORK. AukiisI 7.?Sura r futures
market rioseil. flutter, and cheese, .steady.
Spot coffee, <|Ul*i; Hlo No. .7, 7i$>c; Santos
No. 4. ? , .,
The cofionseed oil market was quiet, hut
prices were -..leadler on eove*-ln(r. d-;e to a
flrr Ifrri market and on small oiYerinpK
>f the cri'h article, closinp at H to v points
net ail vance. Sales. 9.00ft barrel* Tile
marl.-et dosed firm; spot. .V!K"> bid; Au?iisl.
I.95fl6.10; September. October, .V9I
November, &.32?->.90, Uocombc.-, 5.3?^
f nit*. Slock.
5,?(?0 Allls-Chaimcrs
100 AlllH-ChalmerH, pfrl. ...
Am. Art. Chem., com...
3.N01 Anttr. Hect Sujjar. com.
? .<"?00 American Can
200 American Can. pfd
?>,000 Amcr. Car and Kdry....
-00 American Cotton Oil...
100 Amcr. Hide and l,cn., t>r
jM'O American Linseed Oil..
-.j.'OO American locomotive ..
-"'?O Amcr. Loco., pfd
>>'>00 American Smeltinp ....
_ American Snuff, com....
-'00 American Sugar
1 ''0 Amcr. Tel. and Tel. Co..
American Tobacco, com.
American Tobacco, pfd.
?>.-00 Anaconda Copper
1,200 Atchison
Atlantic Coast Line
A. C. L. of Connecticut.
..'?0 Baltimore and Ohio
; ,-00 Met hlehcm Steel Co.. com
?i.000 llaldwin Loco
Mrl tlsh-Ainer. Tob. Co..
'.OOHrooklyn Hapld Transit
Central Leather, com...
4.^00 Canadian Pacific
?>oo California Petroleum
-00 Chesapeake ami Ohio
100 Chicago (ireat Wes-tcrn
M?0Chi. (ireat West., pfd
1;"0 ( hi.. Mil. and St. Paul.!
'?"0 i ,'hlno Copper
J';.f';;;;;;ruc{bie steei cor'..*Vom*
, ' ruclhle Steel pf<|
..,(?00 Colorado Fuel and Iron!
inr. Southern.
I no f 0||K0]|r].l t f.fl fias
I ni) rorfl product*. Voni!!" .*
? -'hi. i- Z1" u com
I,i if*
i-rie, ist pVd
?#,M.'" :"1*1 Hm ? pf'j
-'0 (rcneral Klectric
J.J'OO i.oodrlrh. com.
- ;!!!":r,;i1 Northern, pfd..*.
^'?nn nn81, Northern Ore Ctfs
->oo Illinois Central
400 Interl.oro-Met !!
:"it tin. Harvester, rorn.
? "0 IiiI. |'aper
Int. I'aper, pfd
"00 Kansas City So., corn
1>^ HiOMAS BUAM.il & CO., Hunkers and Hrokers
CI on lug
Open. Hlieh l.off, lllil Axk'<l .?al?i?. Slo< k
34
<58 J
55 j
594
ior,i
621
494
34J
1-'*
5 :i i
OS
SI
i ioj
122j>
09 8
101 I
SO I
300
79 i
'sr,3
1 IS
K,
42
30 J
*2 4
443
90-92 i
loss
4 2
i2S
15
172
r.ig
11 !?
4 2}
103 i
20 a
1 07 i
91
37 J
24 i
34 3
fiSi
654
59 s
1064
621
r.o
34 J
12}
r. 4
us
sis
i i 6a
122 a
691
101;
si
302
79 J
sr. 3
44 k
14 9 3
1 6
42
30 i
S3!
4:. a
933
1053
4 2
ii's
15
172
52 8
1191
42g
103 if
20 J
107 4
91
37 J
24 J
Low.
328
0*4
54}
r.s*
10ti
614
4 9 4
343
12*
r.28
9S
80}
io6
1221
" fifij
1 01 t
80J
290
78}
sr. j
434
1 4 S
1.1
42
30
S2|
443
85 J
104 4
41
128
1 4 |
2 ? i *27g 208
1 71 J
514
119
41
1034
20 j
1074
91
? -
211
324
6S4
56
54 4
59
106
614
491
341
12
528
98
sog
145
109
1224
2254
106
69
101 y
100
102
S04
293
7S4
144
sr>4
45}
J 4 S3
151
414
111
293
f>2|
45a
S51
1041
41
25
12S
148
26 4
4 I J
4 5
171
51 J
11S4
41
103
204
107
ll
37
24 4
328
694
594
100f
62
50
35
124
53
9sa
S04
1504
110
122a
229
107
694
101 3
101
112
so 3
298
79
151
S6
4 54
1 19
16
1 2
30
S3
454
S6
1044
411
2S
1 2SJ
1 4 i
o?4
42
4 9
172
51 3
119
104j 1 l.liOO \\ r st i DKliOU.se
2fll Wabash
109 400 Wabash, pfd. .
91 800 Western Cnlon
?J j Total sales for 'In \
-'?1 Total sales for week (six
700 Lehigh Valley
j'jKKi'tt and Myers, com
L'Kwett and Myers, pfd
1 .orillji?-<| Tobacco, com
Loriliard Tobacco, pfd
'jouisvillo and Nashvlli
if?0 Maxwell, com
Maxwell. 1st pfd.....
900 Maxwell, 2d pfd
2.200 Mexican Petroleum ..
i00 Miami Copper
2,..00 Mo., Kan. and Texas
1,100 Missouri I'acillc
National Hiscuit ....'.
?00 New Haven
l,5oo New York Central. .. .
00 N. V., Ont. and Western
Norfolk and Western..
600 Northern Pacific
"00 I'aclflc Mail
1,300 Pennsylvania
I'eople's Oas
I* (.. C. and St. I, coin
TOO Pittsburgh Coal, com
1,200 Pressed Steel Car...
1,-00 Hy. Steel Spring, com..
600 Kay. (.'011*. Copper..
S.000 Heading
;\'-O0 Hepuhllc Iron ami
::00 lte|>iiblic I. and .< .
7,?00 Hock Island (obi)
Hock Island, pf<l
600 Seaboard Air Line,
! 00 Seaobard Air Line
200 St. Louis-Soothw .
'00 Sloss-Sheffiebl ...
4.000 Southern Pacific .
1.500 Southern Hallway
100 Southern Hallway.
Standard Oil of N.
100 Texas Pacific
9.500 Cnlon Pacific
1,"00 C. S. Cast Iron Pipe, con
Cnited f'ijsar Stores...
Cnlt?'d States Hublier.,
J3.900 Cnited States Steel...
? 2;? I nited States St?*el, pfil
400 Va.-Car. Chemical ....
Va.-Car. Chemical, pfd
West. Maryland
Stei
Pfd
com
pfd
com
pfd
Y. .
ripen. Mich
461 1161
353 35J
331
79
264
4 0
224
I .*04
131
!?v
174
i 4 J
.35
1 4
4 61
SS J
154
4f.j
131 4
72 3
1128
331
331
79
26 4
s*
3
51
?il
s
64
s
24
63 63 63
901 90J S93
274 274 -'74
i 67 4 i osi i 07 *
33 33 33
10S3 J 09 10S3
241
59 4
404
22 4
1514
1 U
9S
IS
14 3
351
1 i
461
SV?
153
464
1318
..91
2 2 a
149 4
4 3
9S
154
' i i 1
343
1 4
4 5
ss
15*
4 64
1 30
173
734 713
lr.'S ii28
35a 35
113} 113J 1113
21 6
116
168
i 09
35
S3
30
773
264
S4
24
1 20
621
89 J
27 3
1 06
6St
24
391
224
9S
164
i
144
35
14
H J
SSI
158
453
?00
173
474
72)|
i
;<<i
.04 704
.161.300 shares
days). 4.305.400 shr
' v< January. s.'tjf?.: ?3?
M r? h. f,
February, <0395.13;!
III('U)IOM) rROIIlTR MARKET.
Wlinlfkali' 4|nntntlon?
'By I.evv Commission Co.)
Klchtnond. Va , August 7. !?'.?.
Live Poultry.
<"h!' keiis. rh"l< ?. sna!:. lb ;o to 21
' f*hl< kens. ? holce. median. lb n to yi
I >4err. per lb to i;?*
Roosters. each JO to <0
Keen.
t In ( rat?.?. uoar-hv, fresh. doz... to !7
Guinea ?gge. doz to 12Vi
Butter. r?r rotund.
Kimllv. chol'e. fresh 22 to 25
t Merchants', fair. o?r lb li'.^to IS
Lire Stork.
; Ver.ls. choice I'^to 9
; -"eats. poor to fair R to 7
? 1 ".*I\es, runners S to 7
>h*ep 4 to S
. .ainbs, sr-elhg 7 to I
' ~?ttl? Ji-Jto 7>/4 |
? iocs. rhol o to 7 j
fountry llnron.
Marrs. ??:l mnkul, small It to 20
-Lima, well smoked. large IS to .7 j
I -ld?s. Tell s-noked to IS !
, Shoulders. well ?mok?d to IS i
M isrrllanooiis
' niark'VD pea*. No. 1. bushel ..250 to 2 1% I
MAi'.K KT CONDITION
Kzg?M*rk?t active. outlook hlrhor. re- j
! ?xtremc'y light. demand heavy. Pout- J
t'v "hlckens a'tl\e at price" quoted; bene;
t ?ri demand; reo-lpts. ilcht Butter ?
Market unsettled. ou:l?- k lower. All other
j produce In perioral fairly a-ti r. j
Sc*r<-e nn'l oxami.nl prices In nr?>< of
fiuv; i'lon?.
HIDE AM) WOOI. .MARKET.
My Cl?l Dominion Hide and P\ir Co.. Inc.)
?Mchm<>l?d. Va August U'.V
Hldea ger Pounl
, 1r?en snlt IS to 1?
. 'Item 17 to IS
Talf sklr*. according to size and
take off 1 00 to 1 50
Dry flint .... to 27
?>ry *.tlt to 55
and rfartiaged hide* at value
according to how bad tStey are
da ru.< c?'i
; Or-eti hides should be thorough
Iv salted lr. warm weather to
keep them from *j>o!llng.
Tallow.
'>?! bright . 8 lo
Daik ">r burrt ?'4to 5
i Good. bught beesvtx 26 to !l
IVooL
Bright. No. 1. tubwsshed S3 to 87
Bright. No. 2. tubwashed J? to 24
Unwashed. free of buna 29 to 31
Unwashed, free of ourrs. 2! to ?
Unwashed, light burry 25 to 27
Unwashed. medium burry 22 to 24
Unwashed, heavy burry 19 to Zl
market condition.
The hide market has advanced again, and
hides are jtlll In good demand. Wool ha*
s!?o advanced a little. owing to scarcity. It
Is \eiy dangerous to ship green hides In this
kind of weather, at they are ll:Me to spell.
CHICAGO CRAIN MARK FT.
CHir\i;o. August 7. ?Active buying that!
j appeared to Indira t? a lively export .!?? |
i maii'l helped to make the wheat market j
fit ii to..lav throughout the session. The;
i --lose. uhli h ? a> a! almost the top point i
i of th* la>. ranged front 5<* to I-'JlKc above
Ust nlcht. Other leading .-taples. too. all
??< ored net gains? corn, a shade to Sc ; oDts.
s-*r to i,'-. and provisions 5jc to JT'^c.
, WHEAT? Open. lllgn. Low Close.
September ... 1.07'? I 07\ 1.0?\
I December .. . IV-, 1.0S>, 10?\ 1
I May .. 1.1?', : l?*i 1.12*4 l.lSTj
; rin- v_
' September . Tt*? 7.'?'? 74S 74'i
December . . '\1\ R4
i May 0**i *V>F*s
i O VT<
September <li-i S>S fVi
Df ember . tft'? tC-a 40 10H
; M I'i illk-IVr bbi.
September . . 13.13.75 13 57 IS 72
j O' toi.er 13?? 13 33 13.V) 13.S7
La K 11?I*?r 100 lbs
September . 7 *?.*> S 17 7.77 V.2
C>< tober ...... T.TO S.5?> 7.'i i ?0
! SHOUT RIBS? I'er 100 lb?
September . 5 ?o S *.0 s "V> !>.10
i October s.oo s.;r. s.m 910
<Vi<h grain: U'b^at?No. ; red. *!.K'1$!.l*l4:
No. _? h.-:rd. I! 30. Corn?No. 2 yellow.
Vl'ic. others nominal.
RICHMOND GRAIN MARKET.
Kichmond. Va.. August 7. 11:5.
WHOI ES/.I.l" QUOTATIONS ON CHANGE
WHEAT?Car lots.
No. 2 red Western, new if 1 IS
No. 2 red. Virginia, new 1 1* h 1 II
No. 3 red. !>?-u . 1 12
Virginia, bag lots 1 00 1 11
CORN?Car lots.
No. 2 white ? $9>A
No. 3 white f? ft
So. - mKed iO fr
No 3 mixed 5S
Virginia, bag loss, v/hlte SS ? 90
OATS?Car lots.
No. 2 mixed, old 9 58
No. 3 mixed, old 'f? a"
No. 2 white, ohl fil fn
No. 3 whltt, old "7 W)
1 Winter s^eeil. U?tg lots, new.... 50 tap 60
i RYE?Car lo{?.
, No. 2 rye, new <5 1 OS
Vo. 3 rye. new 1 01 (-it
i Vltginla. bag lots, new 1 00 ? 1 05
RICHMOND HAY MARKET.
Richmond. Va., August 7, 1915.
Car lota
No. 1 timothy, ol.l ft 25 00
No. 2 tlmoth;. old f? "4 00
No 3 tlmotl.y. old !1 00 <q
l.leht clover, mixed, old (t 34 00
j No. 1 clover, mixed, old 23 M ft
j No. i ' lover, mixed, old 21 00 fr
j No. I clover, old 22 90 tti
I No. 2 clover, old 20 00 fj>
' Sample hay nominal
I ST HA W?Coir pressed V S 00
I.oose-pressed larse bales... & 0 00
MILLFEED.
Cur lots? _ ?
Shlpstuff. winter rf -0 oo
Br;in, winter 2 ?/ ?
Shlpstuff. spring W
liran, spring ? 00
CHIOUiO I.IVK STOCK MARKI.T.
CHICAGO. August 7.?IIors, steady: bulk. |
$fl.20^!|fi.90; light. St*..S0fl$7.(v.; mixed. $C.I0f(
$7.40; heavy. J.VftoTlSfi.SO: rough. $;1.?"i?J$0.10; |
Pigs. JC."fl'n$7,f.0. Cattle, steady; native beef I
cattle, $10.K: <o\\s and heifers. 52.10'if
Jn.?; calves. $7.60f?*ll.2". Sheep, firm; sheep.
$>t.2lif)}T.10 ;lambs, $7..'".'cJ9.ro.
RICHMOND I.IVE STOCK MARKET.
(Sale4 at Union Stookya'ds )
lilchmoml. Va.. August 7. l'J'.a.
Rest steers. &&8V*. choice cattle higher;
medium to good, "VifiS; common to fair,
fi'i'<?(Vy4; best heifers. Ti^^S: medium to good.
C^i'nTVts: common to fair, best cows,
medium to good, JSifti""**; common to
fair, 4frf>; best oxen. S'/WI; medium to ifood,
u\rH6%; coinn.on to fair, best bulls.
6; light. 5T(3H; fresh cows. $tOU$75; bent veals.
8fi9; common, lowc-r, bent sheep, oftSH:
medium to good. 40IH; common to fair,
3Hff4; best lambs. *; common to good, 6fi7Vj;
best hogfc, 7Vj: sows and fitagg. o^j6.
MISCELLANEOUS MARKETS.
DRY UOODR.
NEW YORK, August ".?The cotton goods
markets were somewhat Irregular to-dny.
Yarns wete slightly firmer; linens, firm, and
bu.-laps. steady. Hosiery was steady call
for export.
NAVAL STORES.
-SAVANNAH, 4iA., August 7.?Turpentine,
firm, C0V4; sales. 376 casks; rcc?lpts, 36i
cask*; 'hlpmfnlo, *7 casks; stork 2Vt'l !
cask". RokIii. firm; sales. 317 bi:rr*>ls; re
ceipt*. 1.071 barrels; shipments. J'i'i barrels;
stock. 6!.54'i barrels. Quote- A. R. 2'").
c. D.. !.M; K.. 3.<)'?: V., 3.10: . 3.20: h .. !
r.20<?3 :.. 3.30*11.2.*; K. 3.1* ; M. 4 ftVft? ??>,
N., 4.'J'.; Wg.. 5.t?: Ww? B.S0
rF.TKnsni Kf; it.anit mahkf.t
(Reported by [lodcirn. riumwr .fc Co.. !nr.)
PiZTr-.R.SRl K'J. V\. Aujrust : -Spanish-- !
Farmers' stork, market quiet; first quality, i
?Oc per bushel; off srade, jfio to He per '
bushel. Vlr(Iniai"-Farmns' ?'took, tna'lct j
'venk; fancy .Iuml>o. S'jc per pound; fan?'> ;
handplckeri. :>.c per pcund; utri pt'.me. t
Zc per pcun?; shelllm; ato'-k. 2,?'-' to 2\c |
per pound.
Rank Statement.
N'KW YORK. AuRvi."?t ".?The a'tus! con-'i- I
tlor of c|eariM;-hoiise l.ank" an'l trust '-oir.- |
pantos for lh?- w eeK shows that th.y hold i
il'yti.CVStO rc'?rvi> In pxr??s <>f lepa! r?.
iulrrm*ntii. This !* a J?" rense of $M.
from Ifisil ??>'!(. ?
Ttie sta?em?nt follows:
Actual con'I It Ion:
l.oan>, i to., J?,r.*9,",iF.W: Ihtojiso, $'1,7-m w ?
Iti'SPi v? In r>\\ n v? jltx, |tl"...'t*,W. of which !
I $370.v>1.0f0 I* f-ie; i]fcrpa13,716.^09
P.cset \'e In Ke.iera! r?orv l>ank. $134,921.- I
| too. roaso. $2,413 W).
I Reserve In oth"r depositories. $25.23').000; '
decrease. $t> r/ltZ-OO. !
I Net. riertiaii'i i|?posltf, It..'3'.277,oq ; ?!<?- j
I crease. <v*\
I Not time .1? po?lts. $MT> <W1; |n<-r? i*?. 'J.- i
! SM.'/iO.
*'Ire ula 11on. iSr.W.W; de. roaso. {sri w.. I
A?TKr?cat? r?s?rv?. $'*V".44:!.<Kp9.
K>r?ss r?"rve. $IC*.9r.*.3K,': decrease, f'.t.- I
!
Summary of Stat" l.ank? anri trust t'TTl
pantes In 'i-fatfr N"?\* York. not. Ir.cli: ied j
j In clearing housr statement;
l.oans. Mc? l.^5.S.>5.l)00; Increase, "t". yvt. !
! Specie. Increase. $'..V:.
; I^ecal tenders. JV.V!,W): decrease. ,Wi
Total deposits. $74;.'.31.7.00; increase, ((.lie,- I
! WV>
i Ranks' cash r???rv? in vaults. $,.1.S0I -VO '
j Trust companies' < ash reserve in vaults. j
$47.f<2.?V'
;
'cash wheat handlers
UNABLE TO GET GRAIN
They Have Order* Which an Yet Are
I nfilled?Quality of OfTerlnK*
la Very Poor.
[Special to The Times-Dispatch.]
CHICAGO, AuRust 7.?According to j
reports from cash wheat handlers, ex- ,
porters are still unable to ;ret enough
Krain to meet their orders. In addi- ?
j tion there are said to be- orders here j
for larjre amounts of wheat to ko ,
abroad, which will be filled as soon i
as the new crop eomences to move
freely. The weather is now more <
favorable throughout the entire winter !
wheat belt.
The bears are likely to pain full I
control of wheat because of the poor ]
fjuality of offerings. Sales were 225,- i
j oon bushels cash wheat, of which 200,- i
j 000 bushels were to exporters. The |
seaboard reported thirty boatloads
held.
There was a strong undercurrent in
?wheat to-day, and resting spots showed j
net gains of to 1 cents. The mar
ket was in an oversold condition on
account of the large short sales on
Thursday and Friday.
Reports received to-day from the
spring wheat belt claimed the late
wheat is not out of danger of black
rust, and that in case of hot, damp
weather losses are probable.
Liverpool reported wheat in light of
ferincs there, and the general under
tone stronc. Harvesting in the United
Kingdom has been delayed bv un
favorable weather. Russia has had
heavy rains over the widest harvest
I area and France has authorized an
appropriation for the purchase of 20.
.">00.000 bushels of wheat, most of which
it is believed will ho bought in this
eo un try.
The bears in corn were disappointed
to-day because of the strength of the 1
market. Kestinir spots '.vorc >,* to sj? I
cents higher. The cash demand was !
light, with sales of 155/>ori bushels, but
this was partly offset by the tighten- |
ing of the grip by farmers on the grain 1
In their hands.
The "woath'-r is generally fine: som?
warmer over the corn belt, which
will help to finish the crop. I
Sentiment in oats was bearish, yet !
there were advances of to cents 1
on covering by shorts. f>fferitiKs In
the pit were smaller on account of the
wet weather in Iowa and Southern N'e- ;
hraska.
The long-drawn-out liquidation in
the provision market seems to have j
placed pork, lard and ribs in a stronger '
position. It was shown conclusively I
to-day that the market is not in need '
of support from packers, as prices were
bid up by short interests.
WHO PAYS THE PIPER IN
DAYS OF WAR AND THINGS
~ i
Some Thoughts Thnt Naturally (iron
Out of n Stiidjr of Wnr Times
In riurope.
A writer, who delights to harp on
the Fox question as it occurs to htm,
talks to the Industrial Kdltor as may
be seen below:
Few of us stop to think how the
present war is to be paid for. Nobody J
knows its cost, hut everybody knows
It is a fabulous sum. There is talk
that the victor will demand an in
demnity of $1 "i.nOO.fiOO.OOO. An incredi
ble sum; utterly beyond the imagina-j
tion of the ordinary mind. Sny it is
more than twenty times the value of
the heart of New York City.
How is this i>?id? By government j
bonds. Dace the totnl cost of the >
war at S3n.000,000,000 (double the in-|
credible sum) the annual Interest at I
?4 per cent is $1,200,000,000, or ??> each j
per year for every man, woman ami.
child in the warring countries. Can 1
the rulers squeeze this much more cut .
of the industrious people" The present
taxes in the United States, direct and'
indirect, seen and unseen, known and ]
unknown, is about $3?> per head per |
annum. Soon be a revolution if this
were paid directly, would there not?
Hut it is collected just the same and
industry foots the bill. To most peo
ple this tax comes in the form of low
wages. A bank clerk gets, say $50 a
month, when he earns J??0. Me never
misses what he never receives. Hence ,
few of us realize that we are taxed |
at all.
When the authorities want to raise j
a ruction or a rumpus they go to thei
bankers and say: We've got to have |
a fight, our boys are spoiling, our ofll- i
cers can't get promotions till somebody
gets killed off; the war will probably
cost so much; and we think we cen
force the people to pay this back
"ASK MR. BOWMAN"
For information and rates to Callfor- j
nla impositions before making ar
rangements elsewhere. He can proba
My save you money. Tickets by rail
or water iu all points, i'hono Ran
dolph 4SN7. 01* f-. Alain St., Kichniuild.
L'a
"I Have Read
Your daily advertisements
regularly and have been impressed with the
safety, convenience and returns of an invest
ment made in your coupon bonds based on
real estate mortgages.
I hope next fall to have some money for
both my mother and myself to invest with
you."
Extract from a letter signed by a gentle
man whose name will go down in the history
of the State as one of its greatest men. Dated
August 5, 1915.
Virginia Trust Co.
1106 East Main Street.
Richmond, Va.
Founded in 1892.
without any trouble. Will you take
our bonds ami help us out?
The bunkers look into the mat'er.
And the people produce so much, sir?
only taxed so much and vl 11 probably
stand another turn of .he tightening
screw. The bankers have a lot of rich
clients who have made thousands or
millions out of the sweat of the brows
of their people, and they are pining
for koo'I investments. So the govern
ment pledges Its power to tnx the
people in order tli.it the rich may have
I a permanent income of 4 or 1 1-2 per
cent forever; for tiie bonds will never
| be paid off. why should they?
! Having arranged the tinanclal end,
I the militarists and the capitalists
I shout patriotism t<"i the poor devils of
toilers and th~w,> rally to the Hag ?f
| "I.a I'atrie." "Per Vaterland," or "Our
! King and County," and rush out t<?
I shoot each other. It matters not what
! country they belonu to. for they have
? not all been taught "patriotism" at the
i school, at the cliurch, and at the
i mother's knee. The uppers can al
I ways depend upon devotion to the flag
from tne lowers.
Thus the masses are killed for the
: benefit of their rulers, but have the
, added honor of paying the cost of he
| ing killed. Vet they all seem to enjoy
! it. so what's the use ">f further talk
I Ing?
BRANDY STATION THINKS
IT HAS REALLY STRUCK OIL
Well I>ucr for Water Only, Snltl to
'?Ivr Forth Something Much
Mitre Yiiliinlilt'.
A correspondent writing from llran
; dy Station, a "station" somewhat fa
mous in Civil War times, writes to the
| Industrial Section as follows.
"Wo have struck oil " This is
literally true with regard to the lit
tle village of Brandy Station, in Cul
peper County, only sixty-tlirec miles
i south of Washington, on th<> Southern
! Railroad; and with no effort on the
| part of the people of Brandy.
! For over a year the well at the
i home of Frank Kyle had been tast
! ing of oil, and the water was so con
! tnminated that it could not he used for
lO'inking purposes.
I.ast summer oil appeared in the well
The Idea Is
Prevalent
In some quarters that
n? ins to the litsh QI'AL
IT Y of MONTAdl'K lum
ber and mill work t it o
I'RICR must m i essarlly
he high also. Th' quality
of our work IS tilth, nn
mistake about thM. hut
the cost Is surprisingly
I jD\V. We aro ;* 1 ;t yH
Kind to give estimate!?:n
fart, we have a depart
ment especially devoted tr>
that work, ami wish to ev
tend you a cordial Invita
tion to make t'SK of It.
Send us your lumber lists
and the plans and specifi
cations for your mill work,
and let us show you how
little really C.nri'n work
will cost you compared
with the OKDINABY kind.
Montague Mfg. Co.
Lumber and Mill Work
llroud Street and licit 1,1ns
This Big
National Bank
For Your Savings
Any one can have the
pride and satisfaction of an
account in the Planters Na
tional Hank. $1 will start
you. and we pay interest at
3%, compounded semi-an
nually. And look at your
protection;
Capital S.lftO.OOO.OO
Surplus $J.?0(>,?0(),00
RICHMOND
TRUST ,
K. &
SAVINGS
V.COMPRNY J
Mnln nn?l Seventh.
Poor
Richard9s
Almanac
"It is hard for nn
empty sack to .stand
upright."
Well said!
The hundreds of
savers who come to us
weekly with additions
lo their growing at
counts feel the same
way ahout it.
He one of them!
Allowed on savings
and e o m p o u n d e d
monthly on your daily
balances.
Banking
Trusts
Savings
Real Estate
One Million Dollars Capita
in n rofincd state, us quantities sulll
j clent to burn. It is almost as . lea r as I
; the Standard ?>ll in appcatance. and
' when lighted gives a cli .tr. whit*'
llatne. Ami what should <i<-liui\t i It <>
lic.irt of tlw housekeeper is 1 lt.it it il'M-s
not smoke the l.iin(i chltnt .
?Mr. Kyle was advised I" :: ? < hi* ::us!
at the Virginia Military Institute, who
analyzed it not to use it in limps. ,<s
it has a Strom; explosive in :t.
The oil is drawn from the well by
an ordinary iron pump, and frequently
preceding the oil is a vapor of the
a ?n?e: ra nee of thin steam. A match
was applied to this vapor on one oc
casion and it exploded like a hand
ful of loose gunpowder.
The quantity varies?sometimes a
half an inch to a bucket of water ami
' sometimes as much as three Inches.
Samples may l>e seen at Mr. Kyle's
store oi in the Second National !!an!<
. at Culpeper.
Several have insinuated tint the oil
' came from leaky barrels placed nearby,
but an expert had the well pumped dry
land kept closed for twenty-four hours,
when a test was made which proved
conclusively that the iil vein is a
; t ea lily.
This seems to me to be an oppor
; ttinity for Virginians t > investigate.
and if it Is worth developing, do it
i th 'inselves and not leave it to Northern
! capitalists.
I There was an indication of oil sev
' era 1 years ago at one of the railroad
stations north of Brandy, .in'! a com
pany was organized and l>orimr was
h v;uii, but oil was not found In quan
tities to justify operations, lfowover.
It wr.s stated that tho Standard l>il
t*opipai>;- hoard of it. and told tho par
ties w ln> wcro doini? tho work, that
if thoy found oil to stop horinjr and
ri rvnla!?? : n?' report that thero was no
??i 1. :!?! (!?;?( the Standard ''il Om
p.my woulil p:i y them well for what
they had <li>ii'' nn?i for the false re
port. W i?t in-r tliis story is ttuo or
i < ? t One- not ;?It.? t- the fact that thero
is i ? ? ? ? t.? ?1 oil ;,t Brandy Station?a fact
tli.it should !??? investigated. and if In
Mil'ii i ? t <|uanl it ics to justify opera
tions oui:lr ?.o he worked bv* Southern
??; pit 11.
Tito would suggest that a
sattiplt of t| is oil he placed on exhibi
tion ;it tli" next State Fair at Rich
mond. which >~a tuple ran be had on ap
plication to Mr. l*'rank Kyle at Brandy
Station, Ya
(onI output of llnmptoii ItnniU.
NKWl't ?!:r XKWS, V.V., August 7.?
Inn .n- Juno thoro w ?;0S,.VJ9 tons of
mill ex port oil : : i.tn Hampton Itoads,
V;i? of which -5 1, tons wont to
Italy, 1070 tons to Brazil. IT,70S tons
t?? Panama. J'VJ.'fi tons to Cuba.
tops to Arsiottt.no, IS, :*>>:? tons to
France, 11,o?> tons Barbados, 13,i>38
tons to Spain and tons to Trini
lia l. etc.
! CASH versus CREDIT] |
J TODAY you are selling on GO or 90 days' |
I time with 3rr off for cash in 10 days, and you g
have a $25,000 credit line with your Bank, and
0
| are in pood trade credit.?
i TOMORROW you change your terms to 80% n
3 cash against bills of lading, reducing your prices by 89c,
1 and you expect to increase your volume or buy for cash, .
3 ?discount all purchases, etc.? B
| How could such a change of "terms" either ?
? cause your Bank to curtail your line of credit or
B unfavorably affect your credit in the trade? 9
" Your customers, like you, must carry open ?
g accounts and must buy on time. Through us, and wlth
? out their knowledge, you simply change your credit sales
| to 807c cash at dato of shipment, giving us about the 0
? same discount for our Cash as you offer to your cus- ?
B tomers for their money in 10 days. g
? Your contingent liability on accounts sold to ?
| us is only your risk of loss by failures, and even this ?
? can be restricted under Credit-Insurance.
| When these facts are clearly understood, why
? shouldn't the honest assignment of accounts by any firm
| be encouraged? A
i Write for further details. ^
rrrnldcnt.
! Commercial Credit Company,
6 Capital and Surplus over $1,600,000
? Commercial Bankers Non-Notiflcatlon System
Home Offloct Baltimore ncprmcntctl at
New York Philadelphia Chicago Cincinnati Boston
?? ? mm? era? erv ? ra ? * jivumu *5?"?Tc? 4iS
50UND BANKING -
ALL THE_TIME.Jfc?
With Capital and Surplus of
Three Million Dollars
We offer "perfect protection." A savings de
partment for the thrifty.
First National Bank
>inth and Main.
Issued in Denominations of
$50.00?$100.00?$500.00 and $1,000.00.
If You Want Safety and
Six Per Cent
^ Purchase One or More of Our Certificates.
^ Interest January and July.
^ Fidelity Loan and Savings Company
? (Incorporated)
% Phone Randolph 2211, Chamber of Commerce Building. ^
?.? w 11 i nn' t ? ifi i nit ini<k nit ^
L.
cash C apital, $100,000.00. g
To Business Men and Women
And to-day them are few of us who are not in some way
identified with business, even it he hut the business of financ
ing a household?we offer facilities which are unsurpassel.
We invite you to visit us and got acquainted.
Richmond Bank and Trust Company
Main ami Eleventh Streets.
??MBMWBaMWMPBTTOMIBgMlflWHIWiWUSMBBIMI
The up-to-date business man realizes that an annual audit of
his books is of as great value 10 him as his fire insurance.
Why not Rive such an important matter careful thought.
The Federal Reserve Bank is, in many instances, calling on tho
Member Banks for statements from their customers when their paper
is presented for re-discount. It is best to be prepared for such a
contingen cy.
We are in a position to give quick and competent service. Let
us talk it over with you.
American Audit Co.
21 I .American .National Bank Building, Kicluuoiid, Va.
ALI.AN T.ALBOTT, Resident Manager.
?BM???M?M hiiiT OBM
>VT**T>mtt.,*
HtEWRY S. HUTZLER 41 CO.
BANKERS
IN ALL LINES Or
general; banking
INTEREST ALLOWED
ON SAVINGS ACCOUNTS
: -?ii : '
I

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Richmond times-dispatch. [volume], August 08, 1915, Page THREE, Image 19
About Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current