The times dispatch. [volume] (Richmond, Va.) 1903-1914, January 20, 1908, Image 6

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The times dispatch. [volume], January 20, 1908, Page 6, Image 6
About The times dispatch. [volume] (Richmond, Va.) 1903-1914

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The times dispatch. [volume] (Richmond, Va.), 20 Jan. 1908. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn85038615/1908-01-20/ed-1/seq-6/>

Newspaper Page Text

IVHEA T AND CORN DECLINE;
COTTON JUMPS SHARPLY
Light Stock and Poor Gradilig
a Feature in'
3_L,*r Grain.
INFLUENTIALFACTORSb'ARCE
Activities in Cotton Has Rc
sulted in the Fprmation
of Pool.
NEW VORK, January IH.?Domestlc
Whcat markets were slugglsh In tlio
llrsl half of lnst wci>k, traders stlll
-<-.\htbiting a ninrked IndlfTc-rence, und
-wlth a dlsposltion to tell on a rlnll
market prices f-aggcd slowly and
? utoadlly. The dccline wus further help
?*d by foreign advlcos, although eurly
cables were really no moro benrlsir
than for severol weeks. Tlio wcakncM
? .n European Monday wns sold to be
?liio to the fact that tlic ioi.nl oi
woricrs wneat clearcd for export. was
?liirhtly In cxcess of estlmates of Sat
Jirday. Tho periods of .stagnatfon hero
vere duo partly to the dlllictllty wlth
?tislcgraplile communlcutlon wlth West
??.rn niorlvcts. At mid-week prices were
s^ubstantlally under lust week'.s close;
liqtifdallon, nlthough not pronouncod
still belng perslatent eiiough to lowoi
tlie' level of ptices 2 tu. ;: under the
prevlous weeks close. t
Tlie -We'ck-Bnil Aclvnnee.
Late in tlio week there was greater
buoyancy nnd more animtitlon, nttend
td by more numeroug und wkler varlii
tlons. TUis upword leiuleney- wns
i-hecked temporar'ily, by tlie fact that
ihe ArgoiUlno exports were slightly
lurger tlinii estlmated, but thls featu'rc
wa. counterbalanced by reporls rc
Kpecilng green-bug und llessian fly
Injury to tbe growlng plant ln tht
SOuthwest. Ho llttle had been lieard ot.
this score thus far this season thnt
it look the rnarket by surprlso.
pemtiiid was-'also assoclntCil partly
wlth reports of .1 better bx'po.rt antl
nitillng demand, and by predlctlons of
1. falling-oft ln recelpts at Interlor
points, farmers -showing- greal uiiwiii
lrighess i" uccept cufretit bids. ln,
Soliio Kcctions it i* elalined that fartn
t-i's who hftve parted wlth tho b*ultt
of their surplus plan to hold tlio re
ruiiinder until later iu tlie season,"whoh
it lt; poeslblo to form some idea as to |
):ow thc growlng plant 1ms wlthstood
liit winter. Advlces from tlie Ciinadlan
Northwest were also of n stimulating
eharncter. ml.sgivings belng felt over
?tlie great scarclty ot prime wheat, theri;
belng not sutneiont ln many places to
meet seed requlromcnts. All theso re
sillted ln :i sliarp upward movement
st the week:ehd.
Tlie Wcek ln Corn.
Karly in thc wcek the corn niark.it
wa* somewhat flat nnd flCeatureless. ln
pympnlhy with wheat. Later there was
u tlriner tone, ofCerlng-s bceoiuiiig llght
nnd demand showing Imprdvoment.
Ijuying was stlmulnted malnly by nd
vicea from tln- West regardlng small
supplies and the contlnuatlon ofMtn
satisfaotory gradlns. It ls stnled thnt
farmers are iiK.kiiig only linilted ,de
llverles at country statlons; prices re
celyed recontly have been by no meant!
nitlsfactory. A moderatc Incrcase ir.
export doiuand uiso stlmulnted the
market.
Col ton Mnrkel.
Frtcs- mado a maxtmum advance ot
SO or 00 points t'rom closing iiuotatloiiB
of u wcek ago up to the hlgh level of
yesterday, when the March nnd Maj
optlons. the most active tradlng month..,
lor future delivery, reached the ba-is
of 11 3-4 cents.
Predlctions w--re made 'last nlght by
operators for the rlse that prices would
b? forced to 12 cents befoue tlie olose
of business to-day, and to over 12 1-2
cebts early next week. These were
calculated to exclte tho moss of smallor
t;peculators whu coniine their atten?
tlon to cotton here and throughout the
Mouth. Under exlstlng conditions, the
trade mnx' expect a contlnuatlon of
such efforts to malntain the present
flgltation and speculatlve actlvlty.
Prices for spot cotton havo naturally
advanced ln sympathy wlth thls wcek's
vlolent rlse in futures. The Improve?
ment aniount.s to 1-2 to 2-4 of a cent,
Biid has brought prices up for miridling
, cotton to the basls of 11 3--I to 12 l-(
? i-on'tfl iu the prlnclpal Southern spot
markets; Here the price of mlddllng
cotton has ?becn advanced 70 points
? during the wcok to the basis of 12 1-2
! cents.
The Trade's Posltlon.
Forifhe Lhne being, tlie attltude of
' ei)i?ner*;-antl all conslder^tlons of sta
tistlcs are-recelvlng llttlo attentlon. I"
may be noted. however. that'spot sales
at Llyerpool on tho rlse ThursSay were
only 5,000 balc>:, and that yesterday
they amounted to only 1.000. Southern
. dlspatches have not shown any great
? ariKiety on the part of Xew England
- srinners to buy In, followlng the sharr.
tijvance in prices.
They are naturally desirous of await
ing further events ln the optlon mar?
kets to see whether the vlolent rla<.
can be rnalntalned.
In the nieantlme, thc date set foi
. the next glnners' report of the Unlted
? States Census Bureau on tho "amount
of cotton glnned to January 16th ts
approachlng. Thls wlll appear on Jan
. uarv 23d. and should mnW- n.a ...T,,.,,?,
about 10.500.000 bales-, against 9,050.000 !
shown to have been clnned ln Us last*
report up to January lst. The forth
comlng rigures will compare wlth 12.
1-3 7,000 ginned, accordintr to tlie Censu's
Burcau to January ' iiith last yenr,
when the crop turned out over 13,500,
000 bales, and 9,989,000 tho previous
year, wh'ieh produced a crop or over
11,500,000 bales.
Questlon of Speculnllon.
Speculative aotlvltles ln the cotton
mj-irket ap'pear to have resulted in thc
formation of another new pool. report?
ed to be actlng under the ausplces of
?n operator who gained rjotoylety four
years.ago as the. inanipulator of tho
f-taple. The launching of this report on
tho markets on Wednesday mornlng
came tti'tiir the large llnes ot March
*nd May optlons had been bought, an-1
has resulted in a revlval of old-tlm.3
spe'culatlvo actlvlty wlth v'lolent fluc
tuatlons In prices. It romalns to he
Been how much buying power thoro
really is behlnd thls pool.
Tbe Werk'n Sloek VrndliiR.
Dally tranr-actlons op the Stock Ex
change dui-|i.K last Week havo been us
ToIIowf, coinparod wlth o?e and tv.-o
?jreart ago:
1007.
Sl-nr
Money to Loan
BV THB
Lijie Insurance Co. of Virginia
co ileslrablj- located buuinetis or *-.= i-i.;. j -,
?prpperiy. Tor termu and condltlonB call o
mr addr?*-i
Mr. J. T. Lawrence,
, jtAuu. uih(.e, wtu-auM*. va.
THE STOCK MARKET OF THE WEEK
ftfrorn tlio Now York Evening Post of Suturda"-'.)
'STOCK EXCIIAJVCll! TltAN'SACTIOrVJ'.
Thls t,fu?t Ust Two yours Three'
week. week, year, ago', years ai#o,
aiiares. -4,s.<.t?.r<? a.'-lrf.'-'fl culw x.TX.W "".'?'.?? ''>v5
Rollv.'ftv und inlsccUancouB bonds J51.SJ9.Wo ?21.lo4,u? Sl-J.r7:vj,(ji>"i jjn.s.Vi.iiO') ;.)x.l54,iWO
Government bonds aold. l.lOl.COO l,mZ,<X? I,47C,OOU 2(7G8,0W 1,019,1)00
TIII3 STOCK MAIlKET Ol*"* '1*1113 WEEK.
ntillway nnd AIlftcellnneAna Cliiirm,
The followlng tablo uhows th? woek's hlghest. Iowok and closlng price*,
indlvldual sales und net changos of all sceurltlcs sold on tho Now York Ktock
Excl.eng-! thla week.IIIgh and low prices nrc also glvon for tho full year 1907
ond I90S:
Week end ing January lSth. Net
Sal<
lllirli.
2.HJU
.191,110
1.CG0
Ol.fiuO
soo
2,250
'J.XV)
18,800
18,800
34%
1%
ll?;'
115%
IH
7414
IU
10-.",
40
37%
UC
101%
9-tti
19
77%
64%
lnou
105 4
1ft)
61
AlllK-Ohnlmer Co. '.*?) U'a
Allls-Chulnicr Co., pr.... I-.200 22
Amalgumnted Copper ...44t'.iv>0 63^
Anieujcoii Can . 2,W 5%
Ainencnn Can, pr. -i.'iMi 52
Anier. Car und Foundry 11,000
Atnor. Cur nnd Foun., pr i.-jou
Amerlcan' Cotton Oll. 0,100
Amerlcan Gruss Twlnc. Ii't
Amerlcan Locomotlve ,. 22.780
Anier. I.oci-motlve, pr..
Amerlcan Smeltlng...
Amor. Hmeltlng, pr...
6% Anier. Steel Foundry.
Amer. i-Heol Poun., pr.
Amurienn .Sugar .
Amerlcan Sugar, pr...
Atchlson.1M
Atchlson, pr.
Atlutitle Coast Llne..'.
Baltimore and Ohlo...
Biiltltuore and Ohio, pr. t/x)
Bothleliein Steel. MuO
Bfdoklyn Rnpld Trnnsltl0"?,395
Cunadu Paoitlc ...'..18,100
Cn'imda Paciflc Rts.12,873
Chesapeake and Ohlo... 13.IM
Chl.. A1II. ond St. Paiil.
13314 .Chlcago and Northweat
C? C, C. and St. Louls.. -.-.sou
C? C, -C. arid St. U, pr.. 219
Colprado ITuel and Iron. .-I.T.o
Colorado nnd Southern". 20.926
Col. und Houth., 1st pr... 3,865
Col. and,South., 2d pr.... 1,300
Corn t'rodiu-ta . lt?.*9?'J**
Distllling Se'ourltles .... 7,400 SO
Erle .11,200 iu*
Erle, isl pr. 3.500 "."-ti
Erlfe, 2d pr.; :*7o
Great Northern, pi\.99.S75
LOlllsvllle and Nushvlllo 10.i*<?)
Mo., ICntf. nnd Texas...,'30.900
Mo? K.in. nnd Tox., pr... '3,G50 u'.'1-.
Mlsso'url Paciflc . 29.290 4'4
103 90% New York Central.94,l3il
?5% 3% N. Y., N. "tl. ond tr. rts.. 20.000
"i> 82% N- Y., Ont. nnd Western 9.700
70 53% Norfolk nnd Western_ 0,650
.SI ;.i Norfolk and West., pr... ttjO
Northern Pui-ltlc.218.430
North. Paciflc, 'Jd pr. 10,750
Pennsylrania Railroad.. 174.700
Pro'psed Steel Car. 6,060
Pi'OBSOd Steel Cur, pr? 840
Rallway Stcol Spring.... 2.000
Readlng .1,053,500
Readlng, lst pr. 300
Readlng. 2d pr. 1,600
Reptlbllc Tron and Steel 9,709
Kemibltc I. nnd S., pr... 5.180 71',;,
Rock Island . 9.310 15"%
Book Island, pr. %.&*) 20%
Sldss-Sheff. Sleel and 1.. 2.4S0
SouthOrn Paclflq .M.Swi
Southern Pnclflc. pr. 3,400
Southern Railroad .13,400
,Southorn Itullrond, pix... 5.813
Unlon Enclflc .?I72,ir>>
Unlted States leubber... 3,9fi0
U. S. Rubber, lst pr. 2,650
U. S. rtubbor, 2d pr. 300
Unlted States Steel.469,700
U. S. Steel. pr.S9.40O
Utah Copper .26.000
12"* ik?j, 17 Va.-Car. Chemlcal . l.wa
?, W .17 Va.-Car. Chemlcal, pr... 2"0
.?ll r>3 1.1 Va: Iron,'Coal and Coko 800
S 10% 9% Wabasii . 1,200
14'j isij lt;:li Wabash, pr. 2.200
Ex-divldend. fBx-rlghts. Tnt.il sales tor the week.
TIIK n'OND MAItlvBT OF Tl/n WEIJK.
Itnilivny and "JljacelliinconW ll<m<l?.
.Sales in
JI.ijuO. Illgh
?1 Amerlcan Colton Oll 4Y&. 9o
Amerlcan Tobacco fours. i*iDi
Amerlcan Tobacco slxea.?.. 101
Ann Arbor fours. S0
Atch., T. and S. Fe gen. fours. 9SVS
Atlantlc Coast b'r.e fours. ?&^
Baltimore and Ohlo prlor Hon 3'?s. 91%
Baltimore and Ohlo gold fours. 9S14
IX aml O., 1'.. U E. and W. Va. .fours.... WV~
B. and O.. Soilthwest. dlv. 3VTJS. &>?i
.?V) Central of Georgla Ky. con. tlves. K--''i
60 Central ot Georgla second stpd. 4."i
r> Central of Georg'a third Inc.
2S Chesapeake andTOhio con. flves.
1S4 Chesapeake and Ohlo gen. i\$s.
13 C and 0.,'R. and A. flrst con. fours
29 Colorado and Southern fours.-..
286 Colorado nnd Southern I'.-js.
:il'i
.|.;i.-.
S7'i
20
;????;
11)08.
High. I,ow
"X' W>
66'.-3 i*Vi
101 Wi
80 8ij
,'.,
isu
117";
1KM
novi
26
32*?
*l""i
14%
2-r.i
1031-.J
I03
1 ?.'!'', i
112
iu
84
81%
I.W4
41-41
7714
11015
UM
12X-\i
8l?
10
18
4.S-?9.'
Low.
O'.i
19H
19'",
3)
::i
-,':'"i
JYi
:<7"j
92
l/i
:x>
110V4
111
7-H4,
S-S
83
13
42---i
tl4fl
?S"'fl
3(?i
1HU
J4?<-i
24%
51
13
i3?;
3SJ-J
ir.u.
2314
12I'.4!
971;;
ftiOfi
Close. ch.
19'i, v
33%-r
I0\i ?
l?i
66^
79
?I22'i
?10S
na'/i
20^
72'.i
29
?KC,*-i
sa
sov".
17%
? 69
}
39%
74V,
10!>?*
9%
32>,d
123)i
?St
*.">9 '
2S
Mri
2Hi
i7>;
71H? r>-i
92'*- 2!4
6% j
31 4- 1 ?
Ul'/i-f- 3
114 -M
74U-1- 3?i
M'-'.*4- l',i
7Bi?-t ?t-'-i
S9%4- %
8.", -4- S
16 -i- r>i<[
16%-f- 31".
fl51 .+ ?(,
"IVi
117U-4- 2'i
151V-H- 1
60VH- 24a
WiVi? ]i.;
r.2'if 1
4?'?- '??
34l?+. Ig
::i%4- i??
16 ? ?a
:?',i? '.i
'?,'.'.
124^-J- 2
25js- %;
101 "ir i?'i
0%+ %!
3.-?Mr-j- %
OSiaH- 4
?;9 ? 2
?I28'.l-!- ??'A
?mm- f.t;
116%4- 2-ls
7T./:i-f 3
29%+ il
?liovi-f :?%
81 +3
Sl - r?
mi+ %
70%+ 1%
14%- %
?>%-' %
41 +'-'',v
76%+ 1',
110"4+ 1
im._ -41
3I>4+ *i.
127%+ 2%
23 ? 1
?83',;? 21
'50 + "!
2%4- 3%
1S + %
90
51\i+ 2Vi
9Vi- %
Pi
% . 16%
nhares.
Close
90
Net
ch.
210
167
191
17
26
T.ow.
90
64 63%+ V?
997i IfMPi-l- 1%
91Va
77.%
110
10H4
94V,
89 "
76%
]?ii.'.
103'
71
l Con. Tobacco fourr
21 Dist. Secur. Corp. flves.
3 Erle third ext. 4H..S..'??
1 Erio fourth ext flves.
I Ei'Ie lifth ext. fours.
07 Erle .i-onvt. fours. ser. A..'.
Erle convt. fours. ser. B.
Erle refund sovens.
Erle i>rlor llen foura.
Erle geli. lien fourr. .
Erle-Pennsylvsihla coll. fours.
?Coulsvllle and ^Ta^!,ville unl. fours.
LoulKvllle und Nashvllle col. tr. fours..
li. and N? N. A? K. and C. fours........
L. atul N., C. and L. 4l.-2S.
N'.-".v York. Ontario aud Western fours.
Norfolk nnd Western c-on. fours.
Norfolk and Western cvt. fours.
"N. and XV., P.. C. and C. fours.
Pennsyivanla Railroad 4'^.
Eennsylvanla Railroad cvt. 3Vss. 1912....
2S4 Pe.-msvlva.nia Railroad cvt. 3">i.s, 1915....
Pennsyivanla Railroad fours, 1906.
Readlng g;-n. fours.
Se&board Alr Llne fours. 60
Southern Rallway. con. flves. 90
Southern Rallway, St. L. div. fours. 72
Southern Rallway M. dlv. 4V?s. 102
Tenoessee Coal and Iron Ken. flve-s. 89
Tenn. Coal aml Iron, De Bard sixes....- 100
Unlon Paeltle flret fours. 100
Unlon Paclilc cvt. fours. 87
Unlted States Steel flves.
Unlted States Steel s. r. flves. reg.
Virginia-Carolina Chemlcal flves..
Wabash fours .'..
Wabash flrst flves.
Wabash second flves
100','j
105
105
59
55Vj
lfl>>.4
85
7'"
?SU
91'x
89
103U
96
93 (
83-'s
S3V4
103*;i
94%
91
"94
94%
NJ's
89
89
45Vj
94
97%
SS
91
!??;
!<1
S4'a
101
44
36
109%
99%
94'..j
.S7
To-'i
r>iVj
Tl?-j
1W
106
105
??W
120W
Sl
97
91
87%
103%
"V,
S3U
102%.
90'i
92'/i?
93%
50
? SS
103
86%
109
99%
86%
57%
87%
89
43
107%
93
80
9S'-4+ %
SS't
91
98%+ %
90 + 3
86 +'1%
101>/j+ %
S ?? 1%
110
101 + 1
94%+ 1
88%"+ 1%
76 ? %
01%-f 1%
75 + 3%
100%
105
105
59 + ?
53 ? 2%
120>,4J- "4
?S4 ? 1%
U-7%- 3U
98%+S*
91%+ Ts
103%-~5?i
95?1
95
83%+ %
S?.%-i- %
103%- %
94%+ %
999-4+ %
9-1 +4
94%+ %
-13%
?3
102 . - \
89 +3%
100 +1
99Ti4- %
87 + %
88%+ %
87%? %
83+3
43 -S%
107%+ %
r^
Total sales for tlio week, includlng $1,101,000 government and other munlcipal
J bonds. were $22,990,000.
EllifOo TOTnlS
_;
?
December Exports Reached the
Greatest Volume in History.
Big Trade Balance.
NEW YORK. January 1P.?Flgures
I of tho country's total foreign trade ln
j December last nre highly signlficant
of the exettiiig developmehts ln 'com
I rherce of that month. The. exports,
| reuchlng a total value of $207,179,436.
I have never boen exceeded. On the
| other hand, a. blight fell upon the liri.
1 norts. as their total value during
December air.sunte'd to only $92,2SS,771,
Un. smulleat amount in 1907 and u de
i-rrase of $42.100;000 compared wlth
r.106. The country's exports, on tpe
other hand, lncrcased $17,000,000 dur
i Ing tlie month. The excess of exports
? over Impoi'tB ln December amounted to
j $11-1.SHO.665, whlch of course raeantthat
American banhors ' bad lurge credits
upon whicli t" draw gold to the local
markets. In December'a year ago tbe
balance amounted to only $56,050,217.
I Tho November balance of trade wns
?edui&lly favorable, and the flgures of
i the two m'onths oomb'ijed prove'd that.
a balance of trade amounting to more
1 than $200,000,000 was rolled up as a
, eource of relief upop whlch bankers
drewjmore than $100,000,000 ln gold.
Pecember's foreign trado total? com
i.lete tlio calaiular year's summary,
nnd one ls able to obtaln an accurate
I estlmate of thu enormous-totnls of tlie
.country's trade abroad ln 1007. lm
ports reached the record flgures ol
$1,428.328,680 and exports totiillcd
1 5l.!i2:;.ios.i:u, -a comblnc-d total ol
$3,346,S25.U1, lt was in 1906 that tht;
' cpuntry flrst reached the three bllltoi
uollar murk, but In 1907 the totaltt art
wlthln easy hall of three and onc-hall
bllljon liullarK.' lt ln ulso -sbowu thai
j tln* country in 1007 tshlppecl $500,171,7 Ii
Aiwrc $004* abroad thuu were Import.
ed. Of thls, however. $200,000,000 was
rolled up ln tho last two months of the
year. f
? ' '. '
lSxporta and Importn of Snecie.
Exports of gold from New York fot
the week endlng yesterday, as offlclal
ly reported at the Custom House, were
$12,000; of sllver. $557,054. Tmports ol
g-ild at New York were 559.938; of. sll
ver,$51,449.
Stocft iHBrofeers;
STOCKS GRAIN
Geo. T. King & Co.,
1114 E. Main St, Richmond, V*.
STOCK BROKERS
Fast Privatc Wires
Correspondence Solicited
COTTON PROVISIONS
&eal Cgtate.
To Buy!
Do you really wlsh to sell that.house
of yours ln Leo District or the Woat
Und? Then list lt wlth us. Wo have
qulte a number ot partles anxlous to
buy at once,
T. M. WpB'Tif^M & CO.,
. IS K. NlutU Street.
INCREASED ACTIVITY IN
THE STOCK MARKET
Money ls Plentiful and Rcncwed
ConiKlcnce Has Relcasc'd
Hbarded Wcalth. ?
GENERAL BUSINESS IS BAD
Railroad Experts Say There Are
207,000 Empty Cars
rdlci
NlCW?r6RK, January 19.?Lftst weelt
saw'a cotipltlerable Ihcrease bf actlvlty |
ln the market for .*u*curltl<ja,- but the '
Irregulnr movement of prices wus on '
otiteomo of tlie munipulatlvo IhfluenovH
at work. .. The moat actlyg of then-i
hnd to do wlth Ihe technlcal posttlo.i
of thc. market ltself. but there grew
up mlxed vlews as well regardlng (w
general outlook for nffalrs as between
the rapld restoratlou of normal 'bank*
Ing condltlons on tbe one hand, and 011
the other the aoeiimulatlng evidences
of.the ex,tent of tlir rea.ctton 'in'lndus
try and buslnesa, nnd the tesulls to bo
expected ln tho earning power of prop
ortles wlth gecurltles llsted at the
Stock Exchange.
The dlsclosure of, the re-establSsh
tnent of a coinforta'ble surplus. of re
serves above tlio legul requlrement
made iu thc bank stotemeht of the
prevlous week served to qulte effee
tlvely ullay apprehenslo'n ovfer th*i
money. sltuatlon.
Klinil* l.c r l.uusr,
Tho releaso of funds whlch had been
hold back . from banklng reserves. tb
awatt thls showing proceeded ln a
strong flood. and interest rates on
lonns of alj kind*i deciin'ed ln a-.prd
nouneed manner In all markets.. both
ber'e ' and* abroad. Thls development
hnd- been accuralely foreseen by the'
speciilatjvc eleinent tn tho seourltles
markets, and prevlous purchases had
boen made to take udvantagc ot the
now outside domaiul. whlch would bo
stlmulnted by the'\ Increase oV money
faellitles for use lu stock operatlo'ns.
There.;was, ln fact. n conslderable
aocessloti of outside demand for stoeks
through com'rriTsslon houses, but the
sules to reallze proilts by tho powerful
speculatlvo party whlch had been pur
sulng organlzcd nperatlons Ini the pre
vlous markot served as a materlal
offset to thls demand. The flrst and
most Important relief afforded bv tho
pronounced relaxation of the monev
market has been in the faellitles af
forded for strictly mercantilo needs.
Anxioty on thls polnt has practloahv
passed away. The qulck response of
stocks of railroad equipment compames
to tho news of the salo of $4u;000.O"O I
New Tork Central equipment trust'
notes. thu prooeeds of whlch aro to go
for payment of equipment already .le
livered. was slgnlilcant of tlib lleld and
the extent of thls unxlety.
Itetlre Note 1n?ae*.
The sale of these? noLes was mado
much ot as a probf of tho xestored
coiifidenee of capital and lts/wllllng
ness to scek renewed investment In
corporate expendltures. Thls Impres
slon was modlfied by the terms of the
sale, which were 011 an Investment re
turn of 5 1-4 to 5 7-8 per-ceiit;. with a
marked profer.-nec for the series of
ihe notes wlth the longest term to run.
The reported terms of snle of $1,300,
000 of Consolldated Gas one-year. (i
per cent. notes on a 7 per cent. basls
was addltional evldence. of- the con?
tinued hlgh attraetfon stlll consldered
necessary to secure capltab ln the
moro Immediate money sltuatlon con?
slderation is glven to the imtiiinent
nccesslty for thc Unlted Stute3 Treas-'
ury to draw froin the deposits wlth I
the natlonal banks to replenlsh Its
worklng balance, whlch la depleted hy
thc growlng: deflcit ln the current
rovenues. A movement by the natlonal
banks toward retlrement of note Is?
sues ls gainlng forco wlth the heavy
return tlde of cash from thc country's
clrculatlon.
Tho movement to establlsh 25 per
cent. reserves wltli the admlsslon of
Now York trust'companles to the elear
Ing-honse. If pursued, wlll call for an
accumiilatloh of cash estlniatt-d nt S60.
000,000.
Ulne ln Kxcluinse.
Tlie questlon of gold exports is
brought t'orward by the sharp rlse ln
foreign exchange towards the end c*f
the week. It is polnted out also that
wlllle tho easlng of the money market
has resulted in a rapld retlrement of
perhaps half of the loan certlflcates
Issued by the New York Clearing
House, there is an Important resldue
ot these Instruments, whlch were Issued
foi the r?Hef.of trust companies whosa
retlrement |nay be delayed by the
character of the collateral securlng
them, whjch ls slow to be marketed.
Much the most important contendlng
influence agalnst the growlng ease
of the money market ls the evldence
of trade contractibn.. and dlminlshed
proflts. Railroad trafflc has fnllen to
a low ebb, and the Amerlcan Railway
Associatlon estlmates 207,000 frelght
cars Idle In the country. Heavy de
creases in railroad earnIngs make up
the burden of reports, and are accom?
panled by wlde-reachlng ^ilans for cur
taihTient of servlce, suspension of im
r-?*-eme.nts, cuttihg down of worklng
force and reduction. of pay to thoso
retained ln servlce. Such slgn 'of Im?
provement was reported from the Iron
and steel trade over the low polnt'of
actlvlty at which tho.year opened.
There ls hope manlfested that Im?
provement ts at hand, biit the fact that
present condltlons continue to be r?
fleeled in decreaees ' of earnlngs yet
to be made up makes specujatlve tem
pcr apprehenslve to tho effect of these
reports as they shall come. to'hand.
? ' m
For Colored Poor.
The Tlichmold Muslcal' and Dramatlc
Association, one of the leadlng theatrl.
ca! iiiganlzatlons among the colored
people in the State, wlll hold a recital
to-nlght at the Second Baptist Chu*-eh.
The entire proceedS wlll go to the C-d
ored Citv Mlssion to asslst ln rellevlng
the desporate sltuatlon now prevalllng
among- the colored poor of tlie clty.
'fluttion &ale*. Jfuturc^ ?a_?s.
OF -.
COAL MINING MACHINERY, TOOJ_S,
ETC.
By virtue of a certain deed of trust,
dated August 28. 1907, of record lu
the elerk'f office?of the Clrcult Court
of Cheatertlold County. ln- Deed Book
Nc U8, nago 520, default having been
made in tlie paymentof the. note -se
cured thereby and1 belpg required by
tho not.*holder to do so. I wlll bell. at
Oox's Shaft. Wlnterpciok. Ohe-Bterueld
countv Va ou '
TUESDAY"jANUARY 21, tOQB.
at 1 o'clock P. fi.. tne foll?wIP,B P.er;
aonai property, - tc-wlt: -.7 bollers, 6
hoisting engtnos, ?-?? . compressar. 4
pumps.8 i Tentllatlnc- fap. , M P|l?
who_is< an,i nviesi"a lot of tootssnd
all pcrsonal property balonglns to the
r*l... ....... ',,' Ji'.V n!?in?nv. now situ
(iie expenses of ?*eV"VA? *r nia wln
and to dlKcharge a note tovU.m. y,l
nterest from NoV^l-be-Ve 'vaolea
tln- resldim lf anv. ? to oe paisoie a
??,'h'Umeand *$&&* L^tC ^fc"
?? ?'?, bc annownoofeat tha ??o. .
,1th
and
nt
ner
;ftaamtat. finantial
WANTED!
Men Who Can Sell Life Insurance
ThlB company wrote more now Insurance In Vlrglnia ln
1907 than any othor company. In 1903 It Intonds to write
TWICE AS MUCH AS ANY OTHER COMPANY.
WE HAVE
THE MEANS. THE ORGANJZATION AND THE
MOBT "SBLt.ABLE" POUCIES EVER ISSUED.
-Write us.
American National Life
Insurance Company,
LYNCHBURG, ? VIRGINIA.
WAM/ACE A. TAYLOR, PRESIDENT.
X
iauction &>alt&, (Eljuf ?ap.
By A. J. Chewninp- Company,
Real Estate Auctioneers.
COURT SALE
OP
"CBDAR" AND "PISH" 1SLANDS. S1T-|
UATEtriN JAMES ItlVEU NEAR
NEW PUMP-IIOL'SE.
In executlon of a decree of the Clr?
cult Court ot Henrlco County. ln the
suit of R- R. Florence, Trustee. vs.
Jno. R. Morlen et als, entered January
4. 1908, we wlll, as spec-al commls?
sloners thereby appolnted. sell by auc?
tion, at the front door of the Henrlco'
eourt-house, on
MONDAY. JANUARY 20. 1908.
at 12 o'clock M., the two lslands named
above, Cedar Island, containlng about
?-oven' acres, and Flah Island, about one
und one-half acres. We here present
you an opportunlty to make blg
tnoney.
TEItMS' One-lhlrd cash; balanco at
slx and twclve months, for notes, In?
terest added and tltlc retained untll
all of the purchasc-money ls pa'd and
a conveyanco ordered by the court.
A. W. PATTERSON.
FRANK T. SUTTON, Jr..
Speclal 'Commlssloners.
Tho hond required of thc sperlal
nommlxMonpra In the above suit has
been duly given.
t K. R. PIIILLIPS.
Deputy Clerk.
By Pollard & Bagoy.
Auctioneers.
TRUSTEE'S AUCTION SALE '
OF
FOUR FRAME DWELLINGS. NOS. 1825.
1327, 1329 AND 1331 NORTH SEV-"
ENTEENTH STREET, AT SOUTH
EAST CORNER OF SEVEN
TEENTH AND FAIRFIELD STS.
In executlon of a deed of trust
dated July 31, 190T. default having been
made in a portlon of tlie dtbt tuerein
eecured, I wlll sell by auction on the
premises on
MONDAY. JANUARY 20, 190S,
at 4:30 o'clock P. M..
the above deslrable property. Lot,
nlnety-two (92) feet three (3) Inches
front on Seventeen Street, runnlng back
to Page Street, on whlcfi it fronts flf
ty-six (561 feet, moro or less, atid be?
lng' bounded on the north by-Falrfleld
Street.
TERMS: Cash.
IL R. POLLARD. JR.,
Trustee.
N. B.?Thls sale Is subject to a prlor
llen of 11.600. ? . _
By A. J. Chewning Company,
Real Estate Auctioneers.
TRUSTEE'S AUCTION SALE
OF
BRICK DWELLING. NO. 24 WEST
JACKSON STREET.
On MONDAY'. JANUARY 20, 190R,
AT 4:30 P.M.,
?- ? ? " AND ALSO
NO. 33 WEST JACKSON STREET,
FRAME DWELLING^.'
Immediately after. They must go.
Come and get bargains.
A. J. CHEWNING COMPANY.
Suttion e&altst, Jfuture JBapa,
TRUSTEE'S' AUCTION SALE
OF '
15 MULES. 20- CARTS. 5 W.AGONS.
SHOVELS. HARNESS AND SUNDRY
OTHER ARTICLES.
In executlon ot a certain deed of
trust, dated December 29, 1905, of re?
cord ln . clerk's offlco ? oj Richmond
Chancery Court. ln D- B. 187 C... page
387. I wll} sell, by auct'on at tho
stable ln vear of No. 412 North Madlson
Street, on ? '..> '''
TUESDAY. JANUARY 21. 1908,
at ".2 o'clock M? tho Mule?. Carts, &c,
mentloned above.
They will all'be sold witfiout reserve
to tho hlghest bldder. Como-and got
one or more. ? ?
TERMS: Cash.
A. J. CHEWNING.
Trustoe.
Richmond Transfer, Co.
IfWOS HAILROAn AND rCtXMAN
OFFICK.
819 13. Main Bt., Murphy and Jetferion
' ' Hol*l?,
CITY TICKKT AOKNTH FOR ALL MNES.
BAGGAG1! CALLUIl FQft AND CHKCKBO
"gBOJl ItESlUBNCB.
Knropeuu ?teiunt>hl? Anenti,
.v M&vtmi^ UATKS,
gluctfon flttlesf, Jfuture jSaya.
By J. B. Elam tc Co..
Real E-talc Auctioneers. ?
PUBLIC AUCTION SALB
OF
THE IIIOHLY VALUABLE
BROAD STRBET STORE,
324 E. Broad St.
NORTH STDB."
BETWEEN THIRD AND FOURTH.
Bv dlrectlon of tho owner, who con
templates removlng to a fonjlgn coun
Iry, we shall sell by public auctlon. on
the premlses, on
WEDNESDAY. JANUARY 22, 130S,
ut 4:30 o'clock P. M., the above-namcd
eL'glbly located aud oxceedlngly valu?
able Broad Street Store Property. the |
lot frontlng 18 5-12 feet on Broad
Street, and runnlng back wlthln par-1
nllel llnea 125 feet to an alley ln com-|
mon 10 feet wlde. and having therson
a substantlal, well-appolnted two-story j
brlck, tenernent store house in good
repair.
So rarely Is opportunlty offered for
ae.qulrlng any property hore, and such
the demand, that the simple announ?;
nie.it of thls sale ls cleerned sutflelent
to secure the attendance of all ln quest
of investment where continued increase
In value and good revenue are assured;
and all persons Interested are cordlally
Invlted to attnnd.
TERMS: Very llberal. and to be an
nounced at tlmc of sale.
J. B. ELAM *fc CO.,
Auctioneers.
By The Valcntlno Auctlon Co.,
General Auctioneers.
618 East Broad Street, Rlchmond.
EXECUTOR'SSALE ' '
- OF
HORSE. MULE, COWS, WAGON. CART,
CARRIAGE. " FARMING IMPLE
MENTS, HARNESS. HAY, CORN,
SHUCKS. ETC ETC.
As executor of the estate of Mrs.
Frlscllla Harrls, deceased. I wlll sell
at hor farm, .on Jlarvle Road, near
Mechanlcsvllle Turnplke, Henrlco coun?
ty, on .
TUESDAY. JANUARY 318T. -..
commencins at 11 o'clock A. M., .Horse.
Mule. Cows, Carrlage. Wagon, Cart.
-Harness. Chlckens. Farmlng Imple
ments. Corn, Fodder, Hay, etc, etc.
TERMS: Cash.
CHAS. MILLHISER. Executor.
THE VALENTINE AUCTION CO..
Auctioneers.
Take Nortlislde car at Seventh and
Broad Streets, and get off at North
sl'de store. See auctlon flag.
-fcteamboati..
Virginia Navigation Co/s
JAMES R1VEB OAV UXE.
STEAMER MOBjAcK LEAVES FROM
OLD DOMINION \VIT*RF MONDAY. WED
?NESDAY-and FRIDAY at T A. >t. for Nor
fr.lk, Portsmouth, Old Point, Nswport Newis.
Claremont ?and James Rlver lanalngs, ,con
ni*ctinrj at Old Point for Washlngton, Balti
r.ioro and tho North. Electrlc cars direct ?._*.
th*i wharf Tlckets on sale ftt Rlchmond
Tr'nnafer Co., sis.'Ea'st Maln Street;'SOS Rluu.
Muln Street. or 6n wharf or stearqcr. ? Fara
to Norfolk. ono way, $1.35. Rou: d trlp.
$2 SO: second clacs. $1.50. Meals 611 cents.
" 'Frelght recelved for a.bove-nameq' places
and a|l points in Eastern Ytrslnta. North
Carollna and thc East_
Merchants and Miners Transportation Co.
Norfolk to Boston. Ma??., und
Frovidence, R. 1.
sttamers leave .Norfolk lor Boston Man*
dny, '? Wednesday and Friday! ? for l?rov|denc?
Ti-esday and Saturday, at 8 "P. M/. Fav
st-liHCru and freleht taken for all New Brier
lar.J points.; Tlckets on eala at C. * <>
Rv? N. * W. Ry. olfleea and Nos, S08- and
$?}.> East Maln.' ' .
The Clyde Steamship Company
PHILADBLPUIA. '
RICHMOND AND NORFOLK LTNB.
Frelght recelv*d. and dellvored daily *t
C. & O. Ry. Co,'s-Depot, Soventeanth'and
Broad StrteW. H. KI WO0DF1N, aolleltlns
Atunt, Clyde.Ltne Wharf.: FhpnC *J.J.o.'
The Confederate Muaeum
TWEI.PT>! AND CLAY STREETS.
OFEN tl A. IV JQ. R'F.-M,
>DMiasic>. :??
jfcajlrqaji^
R. P. & P- P^EPBRICKflBtTRn
TRAINS LBAVB RICHMOND ??NORTH
? ? WARD. '
*!10 A. M.~Daily?Mftln 81. Throu?h.
BtJt) A. M.?Dally?Byrd at Throu-gh.
T.OS A. ty.?Bxcept i Monday?Byrd nt.
_ -?? Through.' All Pgllpian ea'rs.
It-JC A.M.?Wnek- Days?Blba.- Aahlaad,
Acjniii.nodiitlon.
Ii40 Ai M.?Dally?Byrd Stre-at ' Throuch.
. Locitl ?tep?. '.v.v?
0:80 A. M.?Dally?Main St ThroUfh. AU
Pullinsn car?.
ISIOl Noon?We?W Daya?Byrd et. Through.
i 4:00 1'.-M.?Week-Day??Byrd 8t- Waah
1 ington Accmnmodatlop.,
I CM P. M.rrSunday only?Blba. Waahlng
, ' ton Accommodatlon.
I V-\\ E* J}.?Dallir?Main . Bt Throgth
?7:33 P. ,M.?Week Days?Blba.' Aahlaad
A-seommodallon.
! J;!0 P. JI.?Dally?Byrd 8t, Through.
TRAINS ARRIVB RICHMOND? BOUTH
WARD.
0:40 A. M.?Weelt Daya?Blba. ABhlaa-t
Accommodatlon.
VM A" :5.V"~S">"?~i,J'rd s*>- Through.
!*.SJ A. M.?Vl'cftK Day-s-rByrd 8t. "A'mb
Imrion Ai-c-ommodation.
lOsSS A. M.?auhd?y only?Blba. Waahln-4
? ton Aocnmlnodatloo. ! ""wnin?
18:35 P. 5t.?Week Days?Byrd St. Through.
Local stopa. .
S-.40 P. M?Week Daya?Elba. Aihland
Accornmodntlon.
V'\n ?' M;?Dally?Byrd St. Throg-rb.
9:00 P. M.~ Dally?Byrd 8t. 'ThroSai.
10:40 P. M.?Dally?Main St. Through. Al
Pullipan cara. * ";"?,; ?
U'3? A.fei^f. D?y?-Byrd St. Thttug*.
All rullmun cars.
?. ?iT^;T u,im1n el?ei>lnu or Parlor Can
datlona.0 ir,lint' exMpi loca, aceot^l
U.*VoT*'t E?baand t,0m Byti 8twt St?"
O. W. OL'LP, W. P. TAYLOR,
?;n'' 8"Pt- Trafflo Mir.
Southern Railway.
TRAINS LEAVE RICHMOND.
N. B.?Followlng ecbedule flgurai ngb
llrhed ? only aa information, and ar? not
acKrunteed: '? .
?7:00 A. M?Dally?Local for Charlotte.
11:15 A. . M.?Dally?Ltmlted?Buffet Pgll?
man to Allanta and Blrmlngham. New
Orleanw, Mempblt Chnttanooga, and,
all the South. Through coaeh for
t.'lia?? city, Oxford. Durham.
.f:22 U" ?1~K*- Sunday?Keyavllle Loeai.
ll:S0 P. M.?Dally?Llmlted Pullman ready
9:50 P. M. for all tbe South.
york'river linb.' j,
4:3t> P. M.?Ex. Sunday?To Weat Point?
ComiectliiK for Balttmora Monday.
IVodnejilny, Frlday. '
::1j P. M.?Monday, Wedneaday and Fil
day? Local to Weat ? Polnt.
4:30 A. M.?Bt Kundnyn? Local to V,>at
. Polnt.
TRAINS ARRIVB RICHMOND.
8:65 A.^L, ?:40 P. M.?Rrom all tbe Soutfc.
4:10 P. M.?Krom Charlotte. Ralclgh, Dur
. inini, Clioso Clty and local atatlon*. ?
8:40 A. 51.?From Keyavllle? Local.
?.!0 A. M.?Krom Went Polnt. and front
Baltlmoro Wcdneaday, Frlday and
Kunday.
10:45 A. M., 5:45 P. M.?Local from-VVest
Polnt.
C. XV. WT-flTDCRT, D. P. A.,
HO B. Ma|n h'trent. Phone 411.
(
Chesapeake & Ohio Railway
9:00 A.M. / Fa?t dnlly tralns to Old. Polnt
i :0O V. M. \ anil Norfolk.
7:10 A. M.? Daily. Local to N*wport Nnvr.
l:0g P. M.?Dallr. Local to?/)ld Polnt.
?<nt,v \i ( Daily. I,o;ii?\l!i-. Clncinnati.
i'ioo P _}'?. ChkOffo and et.' Louls FullniHn
(slfoptr. ^
10:09 A. ST.?Dnlly ? CharlottesvlIU, exc?t>t
- Kundny to Illnton. except K'i?
tirday' and Sunday to Clncinnati.
5:15 I*. M.?XVi-cli D_}'??Lorml to Gordons
v|l|<*.
10:00 A. M.?Daily ? Lynchburg. Lcxlngton.
Va., nnd Cilfton Forg?.
5:13 P. M.?We-k Lmye?T> Lynchburg.
TRAINS ARRIVE RtCTtMOND.
From tlio E*?t?*JM0 A. M.. 11:10 A. M..
7:0< I*. M., S:H P. M.
Maln Llne West?7:10 A. M.. ?8:"0 A. M.,
>:.- P. M.. T.ti P. M.
James Rlver Llne?-?3:25 A. M.. ?:4S F. M.
?Daily except fiundoy.
CNLY ALL-RAIL LINE TO NORFOLK.
I.,.ave Ilyrd fctrect Statlon, Richmond. ln
Effect December I. 1S07. FOR NORFOLK:
9:01' A. M.i 3:00 F. M. and 7:26 1*. M. dallv.
FOK LYNCHBCRG. THE WEST AND
SOUTHWEST: 9:00 A. M., 13:10 P.' M. and
9:40 P. M. dallr. ARRIVE RICHMOND?
From Norfolk. 11:20 A. ? M. and 6:30 P. M.
dcllr. From tb? West. 7:10 A M.. 5:05 P.
M. and 8:10 r>-M. Daily. Pullman Parlor
and Sleeplng Cars. Caf? Dlnlng Can.
W. B. BKV1LL... C. II. BOSLET.
'??-.>. Pass. Agent. ' t*tv. r_.s. Ax?nt.
Seaboard Air Line Railway.
SGUTHBOtIND TRAINS SCHEDULED" TO
LEAVE RICHMOND DAILY.
9:ir. A. M.?Local to Norlina, Raleigh,
Cbarlotte. Wllmlngton. .2:25 >*.? M.?Sltep
ers nnd coaches, Atlanta, Blrmingham. !t3a
tannah, JaoknorivUle and Florida points.
IC:I3 P. M.?Florida LImlted. 12:55 A. M.?
Sletpers and coaches, Savannab. . Jackson
vlllo* and Southweat.
NOKTHBOUND TRAINS. SCHEDBLED TO
. ARRIVE RICHMONDDAILT.
6:05 A. M.: 3:13 A. M.. Florida Limtt'.d;
?:01 P. M.; *3:S5 P. M.
Richmond and Petersburg Hedric Railway
Cara* leave. Maachester. Seventh aud Ferry
Btteits for Patersburg:
?6, 7, 8. *B, 10. 11. *12 A M.. 1, 2. *3, ?, 5.
'5:43, *6, 7. 8. ??. 10 P. M.
11 P. M-. for Chester: 12 rntdntrht. for
Peteraburg.
\Cara - leave' Petersburg-. foot Sycamor*
Btrpct. for Manchester.
?:35. *-7:t5.. '7:85; 3:38, 9:3$, ?10:18,
11:35 A. M-. 12:85. -1:35, 2:35. 3:35,?-<:85.
5.25. ?:35._ *>7:36. 8:35. 9:35. "lOUO. 11:10
P. M.
? Carrles* baggaga and expreas.
?* LImlted, except Sunday and holldaye.
All cars from." petersburg coanect wlth
?srr-for Rlchmond.
Richmond and Chesapeake Bay R'y
Electrlc tralns. to and from *>?li!_nd, stsp
pins at interm'edlate stations. upon elenal.
dailt; ' . ? .. ;
1 eavo Richmond ' (Broad .and LaurM
Stieet)?8:05, 7:10, 8:10.-9:10. U:tO A. M-.
1:10, 2:10,-3;10.- 4:10, 5:10,'6:10,. 7:10,'8:10,
9:10. 11:30 P. M. ?
Leave Aaliland?5:05, 7, 8.- 0. 10. A. M-> *3
noon. 2. 3.-4, ,0, tf.7, -S.-S, 10:30 p. M: ? -
o
&>ttambaatg.
LD DOMINION
STEAMSHIP CO.
Night Line for Norfolk
Loave Rlchmond every.evenlng;. (foot Ash
Street) at 7-P. M.. atoppiim'at Newport
J*iows en'route.. Fare, 32.00' one'way; .S4.09
rcund trlp. Includlng stateroom borth: raeala
50 cents. . Street cara to stcanwr's wbarf.
FOR NEW YORK
.Vla.Nfght'Lln, Steamers'(excapt Saturday),
"ruaklns connectlon Ih . Norfolk wlth Maln
Llno Ship followlng day at 7 P, 1J.; alao
Norfolk apd Western Ry. at U A.'. Mi'apd 1
P. M.i and fJuesapeaKa and-Oh,lo.'.Ry : at ?
A, M. and' 4 P. M.. malclng connectlon daily
(oxoent Sunday)'at Norfplk ,w(th Main Ltn?
ship 'Ballin6, 7 1-. M. Tlcltota atT'0. P.
Llna Office. '808 E, Matn'. Street, Rlchmond
TinnsferiCo., -313 B. Maln .Street; Tb,e',J?f
forson,-Murpby'B-. Rptei. ? ? ? ;.-.../,,-?..
American Line
Philadelphia
Qucenstown and Liverpool
^SECOND CABIN BATES....?St'.7S
' STE15BAGE......?l?,H
"A?k Mr. Bowman"
808 K. Maln St., R|climoqd, ,V?, '*??
. , , MuUe RcwjnttUous Now. .".'?

The times dispatch. [volume], January 20, 1908, Page 6, Image 6
About The times dispatch. [volume] (Richmond, Va.) 1903-1914

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The times dispatch. [volume], January 20, 1908, Page 6, Image 6 About The times dispatch. [volume] (Richmond, Va.) 1903-1914

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The times dispatch. [volume], January 20, 1908, Page 6, Image 6
About The times dispatch. [volume] (Richmond, Va.) 1903-1914