The times dispatch. [volume], November 21, 1910, Page 6, Image 6

About The times dispatch. [volume] (Richmond, Va.) 1903-1914

Image provided by: Library of Virginia; Richmond, VA

                
COTTON MARKET HAS
TENDENCY TO DRAG
Scattered Liquidation and Short Selling Feature
of Week?What the Ginnirig Statement
Shows?As to the Crop Report.
Neiv Vork, Novcmb
Ilqutdatton antl fresli
bcnrisli spoculatora
feature of tlu. markei
hn.
Thi
in connei t loi
moderate demi
t<>n, than iii.'
buying to gl\
tendency throi
result of all i
i ho heat ler ino
been to cause
i Ilm of about
muni flucluatlc
closlng to the
in the depri .-.
luced si
wlth tln
iinl for
ncral
gglnlc
Tho
wllh
I, ll.'l.'i
show ;i tle
iii tlii! maxl
turday's
i i, rela reached
Thursday nnd
n the December
as 1 j.23, wlitle
March 11.31, and
?f tb..
:;.. point
ia from last
lowest li w
early yesterday.
optlon went as
.lanuarj sold at
May 11.44.
Tliese are the lowest prlcos wlthln
l to 16 points reached slnco -.oyembor
1, and aro ofE about 80 polnta irom
the highest prices reached last raonth.
when December went to nearly is
cents, and January sold at 15.01, Marcli
about
15.1'
nn
current fc
this date
ot very
spoculatlo
ried price
imkI . ;' l>i
May 15.21. Present prlco!
IG io 60 polnts below those
the general optlon llst on
year ago, when a perlori
tlvo l'ii\ Ing and bulllsb
was Betting ln. and car
up to l.'. cents beforo tlie
i.imiiaii It
? ii of the o
ed Statea Cc
innounccd at
inornlng, Bhi
s of tho ero
1 I. As this
rport*.
of the coropara
mand and tbe
short Boillng ln
s boen lu nntlci
1 report of tlio
ue to
Motl
00,000
2111 ?
Iiun
I'ClOC
ab
N'c
bi
ber 14. As this would compare wlth
8,112,199 bales glnned to tho Batne date
last season, when tho actual yleld
turned out to bo 10,386,000 bales, and
9,595,809 glnned to tho same date ln
ll'iiS, when tho actual erop produi-cd
ivas 13.432,000 bales, thc antlclpated
flgures have been regarded as favor
ing crop estlmates on thls year's total
yleld of over 12.000.000 bales. More
over. lf the amount of cotton glnned
should prove to bc as largo as 9,000,
ono bales to November 11, It would
show tho largest gtnninpr "ii record for
tlie period from November 1 to the
14th by approxtmattng a total for the
fourtcen days lneluding Sundays of
over 1.660,000 bales. From November
1 to tbc 14th last year tho total srlnno.l
was 1,094,360 bales. agalnst Liot.ooo
during the samo period ln 190s, and
1,655,000 during the same time In 1906.
WHEAT IS WEAKER
? AFTER AN ADVANCE
Strong Support by Professionals, Light Primary
Receipts and Dry Weather the Chief In
fluences?Smaller Argentine Surplus.
New York, November 20.?Buoynncy
governed domestlc wheat markets early
ln the week, bul there were numerous
rccessions later, and tlnaliy there oc?
curred a sharp decllne. Nevertheless.
there was a decldedly more cheerful
and I'oniidcnt feellng, virtually al)
dealers agreeing that a more healthy
state of affalrs prevalled. ?t seemed
evldent that there had oeen a redical
change in sentlment among cash deal?
ers as well as speculators, and appar?
ently more normal conditions doml
nated the situation. ln some quarters
this change was attributed largely to
the steady diminution in the move?
ment from tne Interlor, cspec'aily in
the Northwest, whlch conflrmed recent
reports that many farmers wero refus
ing to accept current bids. Moreover,
ndvices from numerous sources in tho
West suggested that many farmers had
parted with 'th'e- bidk of their surplus,
and hence-.H >w;ts supposed that more
than half bf the crop had already been
marketed. Jn view of thls. aiid the
further fact that w.ll-to-do farmers
were holding at much higher figures,
lt wa:-. the general Impresslon tliat thn
time was rapidly approachlng when thc
vislble supply would begln to dlniln
lsh, and especially as tho recent in
creases ivere largely brought about by
accumulations of wheat at Atlantlc
ports awaitbig shlpment.
tnitla] strength waa lurgely ln sym?
pathy with higher advlces from thu'
Northwest, and particularly from Chl- j
cago, where December advanced ln ,i
conspicuous manner, which seeniingly j
corroborated recent reports tliat two
or more .large profess ionals in that j
market had been accumulatlng a largo i
long interest Buying was stimulated
by continued complaints of drought in ]
the Southwest, where the plant Ib said '
to have an unhealthy appearance
These factors were off set partly by dis
couraging cablea from United Kingdbm
markets, which were Inntionced by the
heavy world's shipments, ivhlch <-m
braced another bug,- contrlbutiori fro.n
Russla, over 8,000,000 bushels, whloh]
brought about a falrlj
in the quantity on passage. These fac
tors wer--- in turn partly offset by coin
paratively strong French mark<_t?
which wero caused by reports that
part of the whe-at recently roeelvo.
ln HaVn had been Injured,
tlu- scarclty of .-tor.-if..- an.l
tatlon facllit!
'Wlll'.
k'ets was oh. k.d
poctedly largo ln<
supplyf but thls -,\
the accumulatlon
as prevlously nientl
tho buoyancy was traceable to a
stronger tendency ln Europoah mar?
ket... an.i particularly Uverpoo] and
Parls, th.- latter market belng Influ
enced by too much raln <n France, wulio
Ivlverpool ivas affected by t::. droughi
ln Southern Argontlna.
Lovrcr 1'ricrH Later iu Weok,
ln thc last half of the week prices
-luetuat.d in un erratic fashion. Thero
was a further temporary rl.-e. but af?
terwards the trend was downward,
nearly all of tlu* early Improvoment
being lost. The waverlng course of
lh. rnarket was without partlculai
slgnlflcanco aa .?> rule, belng in the
maln traceable to specujatjve Inllu
.nceu. Tradera w< re of tiie onliilon
?"?-tbat big professionula bud Buco'eeded
ln drlvlng sborta to cover, aml as BOon
aa tliis demand was satlHtieU tlie mar?
ket qulckly fell back.
Nervouaneaa among shorts was atljl |
attributed to tlie dry weather Weat,
Bmall prlmary r.C.lptB, fair!.*, blg shiji
mentf into con_umptlve channels, and
uriforta'inty ai to tbe probable <?>?
portabla BurplUB in Argcinlna. i'n
fivbrablo weathor'lh that country has
dOUl'"esn oniisrd ,i|.t(-rlorai lon and im- '
whlch wns the largest glnnlng period.
from thla antlclpated showing In tlio
comlng glnnlng report, benrs thlnk
thero Is reason for adherlng to crop
estlmates of over 12,000,000 bales. Thls,
of colirso, however, ls on tho assump?
tlon tho present rate of glnnlng will
bo continued.
M Is qutte llkely the glnnlng will
contlnue large untll thc next Census
Hiircau'.i report ls coinplled to Decem
ber 1. But after thnt dato the absenco
..1 any top crop of Importance ls qull?
llkely to causo the present very fa
vorablo comparlsona with prevlous
years to go the othor way, and thua
agaln lead to thc modilicatton of crop
ideas to more conservatlvc vlews re
gardlng the total yleld. Present crop
estlmates range nll thc way froiu
10,700,. bales to Ihe extrcmo esti
mutcs of 13,000,000 bales, wlth the con
B( nsua of opinion ln tho most impor
t au trado' clrcles hero und ln tlio
South aml at Llverpool favorlng a crop
of 11,500,030 bales, excluslve of llnters.
It ls tbls wlde dlvergence of opinlons
on thc crop which ls causlng tho pres?
ent iriegularlty and unsettloment ln
the market.
Soveniment'fl Annual Crop Entlmatc,
. The government's nnnunl estlmate
on the slze of the crop wlll be ren?
dered by ile Agrlcultural Bureau on i
December 9. Last yoar Its forecast I
came quite close to the total yleld. li
is generally close ln Its estlmates when |
thc yleld Ia small, bitt conslderably out .
of" line ln attemptlng to forecast the
yleld when tho crop ls large and the
prospects are favorable for a blg top
crop irom late kllllng frost and a line,
... n wlnter for gathering the same.
i'.'.i. year there haa been little or no
top crop ln Texas or Oklahoma, and j
l.ho trcezo tlie lasl part of October und j
early ln November, whlch covered near?
ly all thc belt, comlng on a crop much
earlier than tho average date of klll
[hg Host. ls conceded by tho most care?
ful crop Investlgators and exports to
have kllled whatever chances thero
were ln that section of tho belt for
producing any further yleld.
Tliese conslderatlons should be a blg
factor wlth the crop-estimatlng board
of thc Agrlcultural Bureau In rendcr
Ing an estlmate on the total yleld ln
Ita annu-il crop estlmate noxt month.
Under the clrcumstnnces the report
Wlll be very Important. and naturally
it wlll be awalted wlth great Interest
by the cotton trade throughout the
worl I, aa well as on the locnl cx
changes and In Wall Street and the
flnanclal dlstrict and dry goods cen?
tres.
mcrous confllctlng reports have been
received as to tlie probable yield. Judg?
ing by many prlvate cablea received.
MOVEMENT TO BULL
DECEMBER OPTION
New Orleans, La., November 20.?The
cotton trado ls now entering upon a
perlod in whlch it wlll think and talk
about little else than crop estimates.
The one big estlmato of the year, tliat
of the government on the total crop, ls
not far off, Its date of publlcatlon be?
lng December !', and this week mate?
rlal for thls estlmate wlll be ln activo
ireparatlon all over the cotton belt
I'he report that the trade wlll llsten
.6 the ilrst thing Monday mornlng wlli
.(? next jto tho last glnners' report be
:ore th'e government's estimate, and is
:herefore regarded as very important.
?specially slnce the glnners' report to
ollow will probably bo Issued on the
same day as tho estimate, as has been
lic custom for some years, leaving'tlio
rade but little tlmo tp digest it and
ise it In fresh calculattons coneernlng
lie tota! yield.
Thc weather of this week will be
inxlously watched, for tbe weather
wlll .affect the gatherlng of the rem
lants of the crop. and consequently the
glnning. Favorable weather would
probably lend to largo estimates of
;be total amount ginned, whlch ln turn
would encourage those who believe in
i largo crop to stlck to their (igures.
Thursday wlll be a hollday on this
side of thc water. ancl on Friday the
Sensufj Bureau wlll issue a report on
the supply and distribution of cotton
up to October 31. As a rule these re
ports on supply and distribution do not
EFFORTS TO INCITE
INTEREST FAILURES ?
New York. Novemlier 20.?The lapse
of the stock market into letharglc
condltlons last week marked tlie stute
of doubt or lndlfferonce of tlie specula.
tlon. organizod efforts to Inclte in?
terest arid activity met only with sus
plclon and charges of manlpulat on,
Thore were factors In thc sltuatlon
whlch affordod some assistance lo thu
advocatos ot a rlse In prices, but tho
larger question of capital supplles and
the desirability of aftording tlnie tm
the worklng out (Nf t!ie banking p.mi
tlon overBhadowed other issues.
'I'1 ?, more immediate money smiation
galm tl In oase i.oth horo an.l abroad.
'i'.. Bank oi England showed the ben
. tit of the rocuperatlvo measuros which
liave been in forco foi- several weeks
in !:.? large additlon to hutiion hoid
'?::::?. and ' ?'. ? downward tendency of
tlie private dlscount rate was belleved
to herald a reductlon ln the hank's
offlolal rate. The Bank of France con
tlniiou to romlt to Rgypl ln relief of
tli.- requlrementa on the Bank of rong
laml. it !;. belleved that llnance bllls
? t New i'ork ' anknrs were flndlng ac
. optanco in Parls as well, and cprro.
sponding : <-iu r ot domandi for credlt
OPKN AN AC 1UNT WITH
The Union Rank
of Richmond
1107 KAST MAIN BTRBBT.
J1.00 MAKBS A STAltT. _) PI?R
CKNT. 1NTKUK.ST.
And Upword is tho condition of
our large and constantly Sncreas
ing business?tho result of meri
-orious Optical serviee and build?
ing of Everything
GOOD FOR THE EYES
Prescription Work Our
Specialty.
The s- G A L ES IC S ?pf,cai c?
MAIN AND
EIGHTH
BROAD AND
-AND
THIRD
Kodak Headquarters
? t is nssumed that the surplus may be
letwecn 00,000,000 and mo,000,000
lushels, whlch Is approxlmately 30,
100,000 to 10,000.000 bushels less than
iredicted at tlio beginning of thc
ieason. Notwlthstandlng tho facts do
?crlbcd, European lmportera do not
leetn to bo at all uneasy,
In spite ot tho absence of moisture
n wlnter wheat territory crop advlces
lave not been particularly posslmiatic
ndeod, it socnis to bo thu general Im
iression that tho plani is well rooted,
md therefore IJttle nlarm is war
anted.
Week nn lhe Corn Mnrket.
Inactlvlty and narrowness wero the
hief features in the corn market early
n the week. Apparently the tradlng
vas largely of a scaiping character,
nd hence the fluctuatlons were slow
nd lnconsequential. Traders did not
enture to sell freely because of the
Isappolnting receipts at primary
olnts. Thoy had beon counting on
laterlally larger dellverles by farm
rs at country statlons, but thus fur
armers huve sliov.n llttlo wllllngness
o accept current blds. This ls sonie
rhtxt Hurprislng ln view of the re
larkably favorable weather for husk
lg and marketing thc crop. in som<*
uarters the comparatlvely light
lovement has not caused wonderment
ecause lt was assumed that farmers
*ould see tlie advantage of feeding
?eely to hogs and cattle. whlch would
rlng them better profits than could
e obtained by shipping their corn.
omo experieneed dealers assert that
irn in the shape of hogs and live
:ock will net over 25 cents more thnn
sold to country statlons. Lato ln
ie week there was a sllghtly weaker
?ndency. as offerings were heavler.
rompted by the continued fine
eatiier. and reports that farmers
ere beginning to make sllghtly larger
r-iiveries to country points. Trade
:i the spot hns been lifeless, nnd es
sclally for foreign account, as offer
igs havo boen small and exporters'
mlts too low as a rule.
cause much excltement around the fu?
ture rlng, but once in a whlle they con?
taln surprises whlch throw the futtiro
market Into an uproar, and ft ls well
to be prepared for any such occur
rence, especially ln a tlmc Ilke thls, and
supply aml distribution stutlstlcs aro
full of meanlng.
One thing that tho trade will want
to know moro about thls week" is the
slze of tlie end of November exports.
Ocean frelght brokers have been talk
lng lately about a blg demand upon
them for cotton room, especijilly for
llnvre and Hremen. Both of the ports
are carrylng very small stocks of cot?
ton, and it has boen clalmed that
llnvre has been miklng special efforts
to replenish its supplles, the chlef dlf?
flculty ln tho way belng the ilrmness
wlth whlch shlpments havo heen hold
In the Interlor of Uie cotton belt. Fu?
tures wlll be affected favorably and
perhaps strorigly if toward the week
ei.d it develops that end of November
shlpments are to be large. November
i.s a dull month as a rule ln the matter
of spot tradlng. and any departure
from this didlness wlll be taken to
mean that splnners are vory anxlous
for fresh supplles ot raw material.
It is said in some quarter.s that a
strong movement to bull the December
optlon ls under way and thnt a strong
dique is accumulating a great quantity
of cotton. Any fresh news tendlng to
prove thls wlll stlmulate buying, par?
ticularly among outside traders.
on New Vork banks was imerred. The
rlse ln October exports from th's coun?
try to u record level fior any month,
and tho heavy excess value over 1m
pbrts thus established Impliod valuable
rellel io tbe exchange murkot, and
gave confldence ln tlie money outlook
i ae domestlc movements of. money als<
turned, in favor of New Vork. nnd in?
terlor banks were reported to bo of?
fering funds ln Now York untll thc
decllne in lnterest rates here left ne
further object ln dolng so.
The widespread fall in meat prlce*
was de-emed of great importance from
tho linanclal standpolnt on every ac?
count, I'riuuirlly, tho excosslve expan
sion of banking credlts tno country
over is lield to bo caused largely hy
tlu- hlgh prices of commodlties and thn
Increased roqulrements for bunklng
liiciiities in tho conduct nt commerclal
transactlons whloh results. A fall ln
CQmmodlty prices also bears on tho
wage prohlom and on tho prevalent
dlBcontent with the high cost of llvrng
Tl ? outcome of tlie plnctlons had a dls
quietlng effect on flnanclal sontlmont,
partlQUiar.ly on account of the force 6(
publlc unrest.
Tlio eaalng money market did not
avail to brlng any marked improve?
ment in InvoHttnont demand for socu
ritles. '
Hrltlah consols Bold durlng tho week
at a now Unv record for the period.
The dlillrultles of enlistlng new cap?
ltal thl'ew ren-weil doiibtst over lhe
amount nf rallroad cxpeiidlturos for
materlal, and the -(?.llnlng tendency
of rallroad oamltigft hroilgiil lnto
questlon tlio stabiiUy of divldelidH of
some romnaiiles,'
GREAT MEETING FOR
ROAD IMPROVEMENT
Leaders of Movement Throughout Country Will
Meet in Washington and Form Associa?
tion?To Harmon ize Efforts.
Washington, Novomber 20.?Prob
oly the most Important mootlng ev
beld ln tho Interest of road Improv
ment ln thls countrv will tnkc pln
nt Cnsmos Club, In thla clty, on tl
mornlng of Novomli"- 22, Tho pu
Pose of tho meeting Is lo hnrmonl
and turn to practlca.l account all tl
ciforls that aro belng mado to furth
thn work of roud Improvomenl ln o
Parls of tho United States. Many
thc most (llstlnguished nnd succes
rui men of the natlon are Itlentlfli
wllh thls great movement, most .
Whom wlll attend tho meeting. Amoi
them are:
W. w. Flnley, presldent Southei
Railway Compamy; Melvllle B. Ston
genoral manager of the Assoclatt
Press; Louls Hill. presldent Ore:
Northern Rnllwav: James McCre
presldent Ponnsylvanla Hallroa.
Walter Page, edlior World's Worl
Alfred Noble. hl.. ]>.. past presldont i
tho Amerlcnn Societv of Clvll Et
DRY GOODS MARKET
New York, November _:?.?The coi
tlnued dlftlculty of Induclng merchan
to pay prices on cotton goods ln keei
Ing wlth tho contlnue.1 hlgh costs i
productlon Is giving rlse tn rcnowc
talks of further curtallment of tl
output to meet the reslrlctod deman
There Is a lack of desire to nnticlpat
needs on domestlc cottons, nnd mll
are unable to see very f.ir alieud wltl
out encounterlng the" danger ot acci
mulatlng stocks made from hlgh coi
cotton,
Tho cotton market seems firm enoug
ln the planting sectlons, desplte dall
fluctuntlons in'the exchnnces. and mlll
are belng pressed hard In llnanclng
costly crop at the momSnt tliat thel
margln of prollt on m
put Is deoreaslng.
-all Blver sold nl.o
it prlnt cloths last
36,000 wcrc for spot
in these cloths are easler as a oonse
liienco of the pressure to sell spo
?oods and the lack of slzeable con
:racts on tho books. A small Inqulr;
-or goods for China shlpments falle.
:o result ln sales, owlng to the Inahll
ty of mills to meet tho prlce th
uiyor could pay, whlch was the hlghes
irlce offered ln some years.
Western and Southern dlstributloi
lontinues falr, but the large Easteri
narkots rule 'qulet. the buying bein.
? f a hand-to-Bioiith character and li
mall lots. a seasonable demand fo
icavy goods, such as blankets, under
vear. etc, is depletlng stocks fast
I'arns hold fairly steady, but trans
ictlons aro llght. Men's wear over
oatlngs have been In active call.
ttircd out
nn.n.in plei
uHlIIG
?Jew Orleans and San Francisco
Seek Favor of Commercial
Congress.
San Antonio, Tex.. November 20.?
he twenty-flrst annual session of the
rans-Mlsslssippl Commerelal Congress
ill begin here Tuesday morning. It
romlses to be more notable than any
i the provious twenty meetlngs.
Among matters of foremost Interest
the struggle between New Orleans
id Kan Franclsco for indorsement as
ic place t'or holdlng tho Panama
inal Kxposttlon ln 1915. All Louls
na ls backing New Orleans. In con
:quence. that State will have "f>!>
icredlted representatives to the con
ress. Texas wlll send 72S delegates,
illfornla wlll send twenty.
It seems probablo that the con
ress wlll agaln go on record as fa
>ring a national department of mlnes.
ongressman George A. Bartlett, of
cno. Nev., will lead the fight for In
jrsoment of that propositlon.
Rlver Improvement ls another sub
ct that wlll have a large part ln the
iscusslons. JHissouri is particularly
.terested in thls. and to secure tho
mgress' Indorsement of Its projects
ill send 121 delegates. Mlssourl Is
ilrd ln point of numbors of delegates.
All told. lt ls expected there wlll bc
. least 2,200 delegates accredlted to
ie congress. Among them wlll be
ovornors of a dozen States and half
dozen dlplomats.
Senor Don Ignaclo Calderon, envoy
:traordlnary and minlster plenlpoten
ary of Rollvla to the United States.
:eompanied by hls family, arrived
Is mornlng. and was met hy a dele
itlon of San Antonlo citizens and es
irted to hls hotel. John Henry Smith.
Salt Lake. Utah, past presldent of
e congress, and vlce-presldent for
tah. was another prominent arrlval
-day.
Minlster r'alvo. of Costa Rlca, dea,n
the dlplomatic corps in Washington,
id Dlrector John Barrett, of the
inaman Unlon, will arrlve to-morrow,
Tho congress wlll be welcomed to
n Antonlo by some prominent busi
ss men yet to be selected. Tho ro
onse wlll bo made by WUHam J.
'yan.
Flve cltles are active candldates for
e 1011 meeting of the congress. They
e Omaha and Llncoln, Neb., Bllllngs,
nnt.. and St. Joseph, Mo., and San
lgelo, Tex.
Flre In Kmporln.
rSiieclal to ThcTlmes-r>Ispatch.l
North Kmporia, Va., November 20.?
ie resldence nf Walter M. Kvcrette
Maln Street, North Emporia, was
actlcnlly destroyed by flro yester
v. The loss ls cstlmated at n'bout
,000, S700 of which ls covered by In
1107 East Mnln Street.
Members:
NEW YORK STOCK EXCHAXOE,
NEW VOlliv COTTON EXCHANGE.
OIIIOACSQ IJOA'tn OF TRADE.
E. 1. TtOPKN. Mannor.
You will receive 3 per cent. in
reM on your surplus funds if you
?poMt them with this institution,
id they will at thc same time be
'ailablt: at any time.
Interest calculatcd on daily bal
irginia Trust Co.
Richmond, Va.
uiital.$1,000,000.00
gin.oi-s.to whom i,ns just been award?
ed the John Frltss modal, the hlghest
honor nt tho dtsponal of American on
Blnoersi Loonard Tufts, prosldont of
. i '.. ?H1._"?way Associatlon,
/'?y???'???l* N. C; w. It. Brown, presi?
dent New "tork Central llnes; B. F.
-oakum. chairman 'Frlsco System.
ivho has boen oonslsteiitl y ideiitltled
?vlth tho road movement for several
yeara; Hon. La.ayott_ Young, wlio lias
Just boen appolnted Unlted Htate.i
bonatnr froni lowa; .losopb w .loncs
who ls known &s "The Edtsdn of AU
omobiling ; Bryan I.ithrop. of the
i .ncoln I'nrk Commlsslon, Chlcago;
Dr. _. J. James, prcsWentt of the
Universlty of Illinois and chairman of
the State Hlghway Commlsslon of thal
Btate; lt. D. Chap.lrt; of tho Associa?
tion of Llccnsed Automoblle Manufac?
turers; Hon. Leo McClung, Treasurer
Of the I'nlted Stntes; .lohn M. Ooodcll.
edltor Englncerlhg lleeorcl: John A.
Stewart, prosldont Intcrnalionul
League for Hlghway Improvements;
Hon. I.ogan Waller 1 ?ago, director Of?
flce of Publlc Roads of tho I'nlted
States Department, of Agrlculture; A.
<!. Spaldlng, whose namo ls known to
nll loverS of athletlc sports, dnd who
Is u member of the famous Good Roads
Commlsslon of Three, which undertook
ihe Improvement of the roads In San
Idego county. California, the other
two members of the commlsslon be?
lng -Messrs. Scrlpps and Sprockols;
Hon. James S. Harlan, of the Inter?
state Commerce Commisalon; Oeorge
C. Dlehl, representlng the American
Auioinobtlo Associatlon: W. D. Brown.
edltor of tlio I _ F. D. News.
It is expected thnt am organlzation.
national in its scope. wlll be launcliod.
which will make its Influence felt
everywhere. and whlch will co-opor
ii te wlth other orgnnlzations having
for thoir object tlio welfare of tho
rural Donulatlon, particularly great
assocl_tlonB of farmers, such ns tho
National Orange and thc Farmers'
1 nlon.
Pcrmanont offlclal lieadqunrters will
bo malntalned in Washlngton. Tho
?vork of tho associatlon wlll be on
crgctic and continuous, and the hold
ng of good roads conventlons wll]
pe an lncldent to the general plan.
It is tbe hope of the founders of this
movement that the hoadouarters of tlio
associatlon wlll bc a sort of clearing
house where every legltlmate and
hclpful undertaklng looking to thc
bottennont of the public roads wlll
.'Ind a sympathetlc hearlng and helpful
co-operattion.
Cnder conditions as they extst to
day. an enormous amount of time, cn
r*rgy nnd monoy are wasted hocauso
I ere aro so many little movements.
unable to accompllsh groat results
slngly and ofton worklng at cotinter
purposes wlth each other. That a
strong national organlzation will oco
nomlcally accompllsh Intlnltely greater
results by harmonizlng and crystal
llzing these movements ls a self-evldent
proposltlon.
Tho meeting wlll he called to order
at 10:30 A. M. by Hon. James Wilson.
a.cretary of Agrlculttn-. . who will
then yield the chalr to the temporary
chairman for tho r>rom-*t carry Ing out
ol nll tho steps necessary* to perfect
ing the organlzation and laun^hln*.
tlie movi'iimnt.
Tho Washington members will bo
hpsts at a luncheon whlch wlll be
glven at the Cosmos Club ln honor
of tho visiting membens of the as?
sociatlon after the meetlng.
Special Dining Room for
AutomobiJ
_?:__.
THE JErr'fcKSUN
Kichmond, Va_
The most magnificent hotel in
the South. European. plan. Rooms
single and en suite, with and
without baths. Spacious sample
rooms.
Ra*- $1.50 per clay and upward.
3_a_.coal__.
Chesapeake & Ohio Railway
?:W A. . Daily?i?ut irauni 10 Old i*oiui,
4:00 1'. -\ isnvvport ,_wi aud N-rlolk.
7:40 A.?Dany. Loca; to :-;t_viiyrt Nuwv
5;_ P.?Daily. Local to Old Polnt.
2:00 P. 1 Dally?DouiaVilU und ClnolnnaO
11:00 P. < Pullmana.
6:4$ P.?Daily. "st. Douii-Ch?----> Speclal."
Pullmana.
6:30 A.?Daiiy?Cbarlottesvl'le. Week dayi
?Hlnton.
6:1S P.-W_k days. Docal 10 Gordonsvitlo.
10:00 A.?Daily. L'burg, Le_., C. Forge.
6:15 P.?Week daya. To Lynchburg.
TRALNS ARRIVE UICHAIONJO.
Docal from East?3:23 A. M.. 7:f.O P. M.
Through from Kast?11:35 A. M., ?:i_ P. M.
Docal from Wcit? _J:30 A. M.. 3:10 A. M.
.20 P. _t.
Through?7:00 a. m.. 2:45 p. II.
Jamea Hlver Llno?'8:35 A. M.. 6:15 P. M.
Richmond and Petersburg Electric f._ilwaj
Cara leavo Manchester, Seventh and Perrj
Streets, for PeiurBburg*
?6, 7, S, '9. 10, 11, *>12 A. M? 1, 2. '3, 4. 5.
??5:45. '6. 7. S, *9, 10 P. M.
11:00 P. M. for Cheater, 12:00 mldnight for
Petersburg.
Cars leave retcrBhurg, foot of Sycamoro
Street, for Manchester;
6:16, 0:35, ?*7:10, '7:33, S.-35, 0:35. '10:36. 11:36
A. M., 12:35, '1:35. 2:35, 3:35, '4:30. 5:35, 6:35
?7:35, 8:35, 9:35, '10:40, 11:10 P. M.
?Cnrrlcs baggage und express.
??Limlted, except Sundays and holldays
All cars from Petersburg eonnect with ca
for Ilichmond,
Norfolk and Western Railway
ONLY ALL RAIL DIN'li TO NORFOLK.
Schedule In Effect October 2, 1910.
Leave Byrd Streel Stutiun, Rlchmond.'FOR
_DR. OLK: ?9:00 A. M., '3:00 P. M.. '4:10 P.
FOR LYNC.'HBURQ AND THE WEST*
'6:15 A. M? *9:00 A. ._., .3:00 i> m ?g.'o
P. M.
Arrlvo Rlchmond from .Norfolk: '11:10 A.
M? ?C:35 P. M., '11:20 p. M. *.-rom tho WHl,
'6:50 A. M., u2:00 P. M? b_!:ir, p. yr 6.M p,
M? ?9;00 P. M.
?Daily. aDally. ex. Sunday. bSundaj only.
Puilman, Parlor and Sloeplns Cars Cafe
Dlning Cars. C. II. BOSLET.
W. B. Bl_VILL, D. P. A., Rlchmond, aV.
G. P. A., Roanoke. Va.
ItlClLMONi. AND CHKBAPHAKE BVY
RAILWAY CO.MI'.VNV.
Schedule of eleelrlc irains to and from
Ashland, stopplng at Intermedlate statlons
upon slgnal: Lv. Rlohmond (Broad and
Laurel Sts.): 6:00b, '7:10, 8:10b, ?:i0b, "10-10
11:10 A. M.; 1:10, 2:10. 3:10, .(:10b, 0:10 fi*2o'
7:10, 8:10b. 10:10, 11:15 p. M. Lv. Ashland:
?6:66. ':00b. 8, 9b, 10, "11 A. m tia M 01
2, 3, 4, 6b, 0, 7, 8, 0b, 11 P, M. "
?Dully except Sunday. "Sunday only.
hCarrlcH bntrgage. _
The Confederate Museum
TWEU_-TH AND CLAY STRH _T3
OPEN 9 A. M. TO fi P. M.
ADMISBION 25c
irst National Baek
of RICHMOND, VA.
Your Bank and
Your Business
Are alike in this respect: Success depends
on satisfactory service. It is the well-served
customer who brings his friends to share in
his satisfaction, and so business is built up.
THE FIRST NATIONAL BANK has been
built up largely by giving customers kindly
and intelligent service; by manifesting gen?
uine interest in individual accounts and in
dividual successes. We invite correspond
ence and welcome new accounts.
RESOURCES OVER TEN MILLIONS.
arrk of (Kummtrtz ano ?rusts
907 Ea?t Main Stroet, Mutual Building
Capital, $200,000.00
DEPOSITORY FOR THE STATE OF VIRGINIA
AND CITY OF RICHMOND.
Offers its best services in its NEW QUARTERS, 907 EAST MAIN STREET,
in its Banking and Trust Departments, and respectfully solicits BUSINESS ?
PERSONAL AND SAVINGS ACCOUNTS. Acts as Executor, Guardlan. ''
Recelver, Rcgtstrars of Stocks and Bonds.
3% Interest Paid on Savings Accounts.
O. J. SANDS, Presldent. A. R. HOLLADAY, Vlce-Preaident.
R. M. KENT, Jr. Cashier. R. B. CAMPBELL, Asst. Cashler.
BROAD STREET BANK
303 EAST BROAD STREET
Tcmporary location during construction jf nsw bankin? hojn
Capital.$200,000
Surplus and undivided Profits - $110,000
\V. M HUbli.nn. rV_*.; |\ .V.rtttiift. /i;i-P..i. f i ?_. ; ,Vxl_j;, ! I / ?
Pres.: Andrew M. Gover, Caihier"
PERSONAL AND BUSINESS ACCOUNTS SOLICITED
With assets of over $l,70),;X)_t, every induce.nant corubteit with goal
banking is offered to its customers. 3 per cent. aliowed in savings depsrc
ment. Bank is open tili eight o'clock Saturday cvenin^s.
__aflroaos.
TRAIN6 LEAVE RICHMOND.
N. B.?Followlng schedule Jlguroe publlshea
: Information und not guaranteed:
J:1U A. M.-Dolly?Local for Charlotte, Dui
un and Ralelgh. 10:13 A. M.? Dally?Llmlt
?For all polnts South. Drawlng Jtoom
uffet Sleeplng Car to Memphls vla Ashe
11c and Chattanooga. 2:00 r. M.?Ex. Sun ?
jcal for Durham and lntermedlate slatlons.
DO 1'. 11.?Ex. Sun.?Keysvllle Local. 11 :?
M.?Dally?Llmlted?For al: polnu South.
illman rondy 9:30 P. M.
YORK RIVER LINE.
1:30 P. M.?"x. Sun.?To West Pt.. connect
g tor Haltlmore llon.. Wed. and Frl. 4:3.1
M.?Ex. Sun. and 2:15 P. M.?llon.. Wed.
:d Frl.?Local to Wost Point.
TRAINS ARRIVE RICHMOND.
From iho South: 1:60 A. M.. 8:05 P. it.,
.ily; _:?o A M., Ex. Sun.; 12:55 Ex. Sun..
X) P. II., dally. From West Point: 9:30 A.
;, Dally; 11:35 A. M.. Wed. and Frl.; 5:45
M., Ex. Sun.
8. B. BURGESS. D. P. A..
SZo E. Main St. 'Phone Madison 455.
cIimoflfljFrettM'i& Potomac R,I_,
?AND FROM WASHINGTON AND BEYOND.
.eavo Rlohmond I Arrlvo Rlohmond
.60 A.M. Byrd St.Sta.
.20 A.M. Byrd St. Sta.
..46 A.M. Main St.Sta.
.40 A.M. Byrd Qt. Hta.
.Oi noon njra Ht. SU.
1.00 P.y. Byrd 8t.8ta.
.15 P.M. Klba Statlon.
i,16P.M. MalnSt. Sta.
.80 P.M. Byrd Ht. Sta.
?7.60 A.M. Byrd St.Sta.
311.26 A.M.Ellia Statlon.
tl 1.85 A.M. Byrd SL Sta.
*l.l_P..M._alnKt.8tt.
?2.45 P.M. Byrd St.Sta.
?7.20 P.M. ByrdBt.Bla.
?9.00 P.M. Byrd St. Sts.
?10.40 P.M. Maln Ht.Bta.
?12.60 nlght ByrdBl_t_J
ACC0MMODATIOW TRAINS-VVEEKDAYS.
ire Byrd St. SU. 1.30 P. M. for Frcderlcksburtr.
>to Kflio Sta. V_0 A.M., 0.30 P. M. for Ashland,
I^J&^St'SU. 8.25 A.M.from Frederlcksb'g.
?lTeUlia Sta. 6.40 A.M.,6.30P_l.from AahlanS)
?Daily. fWeekdayi, S8undaya only.
?11 traiaa to or from Byrd Street Statlo?
xept tralna leavlng 4.50 a. n?. and arrirlnfl
50 night) atop at Klba. Time of arrivals aa?
B*rturos not _ uaranteed. Read tht sigua, ,
SEABOAItn" ATR HNE.
iouthbound tralna scheduled to leave Rlch
>nd dally: 9:10 A. M.?Local to Norllna,
leigh, Charlotte, Wllmlngton, 1:20 P. M.?
opers and coachos, Atlanta, Blrmlngham.
vannnh, Jacksonvllle and Florida polnts.
M P. M,?Sleepers und coaches, Savannah,
cksonvlllo, Atlanta, Blrmlngham and
mphls. Northbound tralns scheduled to
?ivo Rlchmond dally: 5:32 A. M? 5:05 P.
, 5:10 r. M.
_5>t_ami)o?tj_.
altimore Steam PacketCo.
Kqulpped witli wlreless telagraphy.
' BALTIMORE AND THB NORTH VIA
NORFOLK AND OLD POINT.
lve Rlchmond Dally lneluding Sunday.vlg
r. & XV. Ry. 3:00 P. II., Norfolk 6:30 P. M.
'. & O. Ry. 4;00 P. M., Olcl Point 7:30 P. M.
'. D. S. S. Co. 7:00 P. II, (one day ln Nor
k).
a. Nav. Co. 6:30 A. M. (Monday, Wodnos
t and Frlday).
lckets at nll offlces. For statorooms ap
to H. M. BOYKIN, Agent. S30 Ea.n Maln
eet.
?LD DOMINION LINE
Richmond foot ot Ash St. dally.7:00 P. M.
ive Newport News.5:00 A.M.
?ivo Norfolk .6:00 A.M.
onnocts wlth maln llno stoamors leavlng
rfolk for New York dally excopt Sunday
1 P. M. Connectlon also ,made by N. _
Ry. 3 P. M. and C. & O. Ry. ct \ P. M.
;ht Line steamers stop at Claremont to
d or roi-elvo passengnis on slgnal.
lUtil.NIA NAVItiATION CO.?Jumes niver
dayllglit for Norfolk. Olcl I'olnt, New
t News and ull James Rlvor lundlngs.
nmer leavea Monday, Wednesday und
day at 7:00 A. M. Frolglit. reculviiit for
Jamea Rlver landlngs,
'.i_u Sldmt Offlce, <_l IS. Maln Streot.
National Bank of Virginia
Capital, - $1,200,000
Suiplus, - $ 600,000
Accounts solicited
Ninth and Main Streets
__> teamboats.
THE WEST INDIES, SPANISH MAIN,
PANAMA CANAL and
BERMUDA
By S. S. "MOI.TKE." 12,500 tons, tho
largest steamer sailing to the West Indies
this *.vinter.
DURATION?16 to 28 days.
COST?$85 and $150 per person and
upwards.
The efficiency of twenty years' experi?
ence. All arrangements aboard and
ashore under direct management of the
HambunJ-Amerlcan Line.
__
_ _
708 East Main Street,
Richmond, Va.
PATRONIZE HOME INDUSTRY.
I
To Islands of Perpetual June
Threo delightful orulsos,
leavinK New Tork _.._"_
A11Y 24, F__.I_IUAHV _."?
ujid MABCH 28, 19H, by
the l_.,500-ton S. 3. Moltke,
larg-ost steamship sallini;
to the Spnnlsli Maln, West
Indies, Panama Canal aml
Bermuda; Two oruises of
28 ilays' duratlon. $150
und up. Ono cruiso, 16
days, $85 and up.
Al.'u, crulHes tu the Orient,'
South Aiucrton, Aruuml tbe
World, Up the Ml., oto.
Wrlte for illuatrated
booklets.
HAMBURG-AMERICAN
II-INI .
S. li. Bowman, 708 I.. Maln
St.: C. Cl. Alley, care Rloh?
mond Transfer Co., Bloh
mond, Va.
_____
Atlantic C (tp __.es;ort_
GALEN HALL
AND COTTAGES
HOTEL AND SANATORIUM
ATLANTIC CITY, N. J.
Always opea. Alwayo ready. Always huny.
J_ I. YOUNG. G?n'lMana .?