The times dispatch. [volume], August 14, 1911, Page 8, Image 8

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

Image provided by: Library of Virginia; Richmond, VA

                
MOVEMENT OF WHEAT
IS VERY IRREGULAR
Prices fii^her After Great Fluctuation, Brought
Ab./U': by Hu^e Liquidation, Which Over?
shadowed Bullish Government Report.
New York. August IS.-*?Domestic
wheat markets early in the week ex?
hibited the same nervousness which
had governed in the weeks immediate?
ly preceding. Trices, however, having
started with a strong upward bound,
succeeded in remaining above the
closing level ot last week, in spite of
numerous setbacks. In winter wheat
markets the net gain after halt the
week had passed was small, whereas;
the advances In spring wheat markets
ranged from 1 cent to 2 1-2 cents, the
latter in Winnipeg, There were two
main factors instrumental in causing
the extreme nervousness. On the one
hand, crop reports from the North
west continued decidedly contlicttng. at:
one time being so dismal as to start
a strong buying movement, and at !
others being so much more optimistic
as to cause heavy liquidation. The i
other cause for the irregularity was
the disposition of many trader to get'
"evened up" on the market, pending
the issuance of the government crop.
report on Wednesday afternoon. The1
general upward trend was duo much
of the time to the fact that the
weather in the Northwest. Including
the Canadian spring wheat belt, was,
unfavorable. |
That the outlook In Canada was;
gloomy seemed much more apparent;
when crop experts, who had previously
denied the existence of rust, admitted
the presence of the b.ight and as?
serted that Its spreading seemed like?
ly, in view of the climatic conditions
From time to time. however. the',
effect of these advices was nullified I
?by more cheerful news. At the outset j
demnmd was chocked somewhat by
the fairly large world's export", which i
exceeded those of the preceding week. 1
and of the same week in 1010. and;
caused a moderate Increase In the
quantity on passage. Then. too. our:
visible supply Increased t.."S5,onn bush- j
els. as compared with 2.423.000 bushels;
a year ago. whereas few had looked
for an increase of over 3,500.0001
bushel? A t a result, the world's;
available supply showed an Increase|
of 1,326,000 bushels, against l,2J3,000j
bushels a year ngo.
Cables were generally encotirnping I
to holders; in fact. Liverpool was]
surprisingly strons at times follow- i
ing our periods of depression. DIs-j
quieting news from Russi:. was the I
most Important item In the foreign
situation. The weather there has
COhthlUed unfavorable The more re- i
cent estimates from reliable sources I
place the crop sbortntte at 25 per cent-,
ns compared with last year. Tho gov-1
eminent there is reported to be ad-;
vising; farmers to hold their wheat as!
long as possible. Hence. It seems tin-:
likely that Russia will be a heavy,
exporter In the near future.
Effect of the Crop Report.
Following publication of the crop I
report, tho action of wheat markets
?was distinctly disappointing to hold-|
ers for the rise. While the report was
universally conceded to he bullish.!
prices showed only temporary strength
and later broke sharply, especially in
the Northwest. There seemed to bo
practically nothing In the news to
warrant such a decline, and many ex?
pressed an opinion that the big bull,
operators in the West had taken ad?
vantage of the opportunity to throw
large quantities on the market. Brief- I
ly summed up, tho report showed that'
the spring wheat promise had been
reduced 85,000,000 bushels in the
month, and winter wheat S,000.000
bushels, while the aggregate crop will
probably he 3S;100,000 bushels less
than indicated In July, and 31.000,000
bushels less than harvested in I9iu.
Sotr.e people argued that the recent
advance from the low point, with gains
ranging froth 6 "--4 cents here to IS
rents in Minneapolis, fully discounted
Important crop damage. Still, the re?
port does not take Into account the
injury by rust, the bulk of which has
been done cilice August 1. Winter
wheat made a hotter showing than
many had expected. In fact, the in?
dicated crop was about 15,000.000
bushels larger than some of the
curlier estimates. Other bullish fac?
tors whose influence was offs> l hy the
heavy realizing were strong cables
and further rains in the Northwest
with low temperatures In Canada.
in the late trailing prices again
moved upward, demand being quick?
ened In good ran by reports of large
sales of winter wheat to exporters.
.Moreover, it was said that many bids
were in the market at about a cent
below current levels. The fact that
Europe Is ready to buy freely on all
breaks has n decidedly strengthening
tendency. For a time Northwestern
?markets were easier, as there were no
important rains in sprins wheat terrl.
tory, while it was warmer In Canada
with better crop reports. Although
Liverpool eased off toward the close,
foreign news continued encouraging,
as a rule, Light exports were reported
.from Argentina. India aitd Australia,
and hence the world/s total was ex?
pected to be far below requirements.
The Russian news continued bad, and
one authority said the exportable
surplus would be on)y 64,000,000
bushels, which Is smaller than any
previous estimate. The Interior move?
ment has remained on a- small scale,
and reports that winter wheat farm?
ers were holding firmly for higher
prices were conlirmed by the Modern
Miller report.
Week's Fluctuation* In Corn. ?
Corn prices have also followed a
decidedly uncertain course at times,
but the advances were the liest sus?
tained and prices are roundly l ceut
slgher. Much of the time the weather
has been more favorable, there hav?
ing been rains In parts of the belt
where they had been needed. Hence,
it Is believed that prospects have im?
proved since the first of the month.
For that reason a bullish crop re?
port from Washington had little ef?
fect, as it was generally thought to
have been discounted in the advance
which occurred In July. Still. It was
actually rather more bullish than ex?
pected. It indicated a crop of ;,620.
000.000 bushels, a loss of 336.000.000
bushels from the Julv indication, and
uf 605.000,000 bushels as compared with
the last crop, a strengthening factor
throughout the week has been the
small volume of the primary movement
and the general reluctance of farmers
to offer for sale. The cash demand,
too. has shown improvement at times.
The late strength wss based in good
part on reports of temperatures run?
ning well over 100 degrees for several
days In parts of the Southwest. There
were also some reports of an unfavor?
able tenor from Ohio. Illinois, and
Iowa. According to a private cable,
the crop In Austria-lltinnary will be
$0,000,000 bushels smaller than In
1910.
SEASON OF COTTON
SCARES NOW AT HAND
New Orleans. La, August 1?.?Tliiii
coining week In the cotton market
probably will see a continuation of
erratic fluctuations of the last few
days, chiefly because neither of the
two big factions that have been try?
ing to manipulate the market Into
their contr'ol' have been able to makv
much headway.
Manipulation, therefore, and appar?
ently unreasonable fluctuations, are to
be expected.
In the ..pinion of the cotton trade
on this side of the water?and the
opinion has been formed from private
cable messages sent over by prominent
Liverpool houses?Monday will be the
critical time in '.he English labor
troubles Traders on the week-end.
however, were, much encouraged over
the agreements reached on the Lon?
don docks and went home confident
that similar agreement:-: would be
made at Liverpool. At the best, how?
ever., the situation is that August is
the critical period of the growing sea
son. and the first two weeks of the
month have passed without any ex?
ceptional developments either way.
l'tirlng the last week there was some,
little complaint of high tempera?
tures, .?nd high temperatures again
tills Week would have a favorable ef?
fect on prices. .Should hot winds ac?
company high temperatures In the
i West, it would not be surprising to see
0 crop scare develop If the experi?
ence of past seasons Is anything to
go by, a crop scarre is bound to happen
sooner or later, no mutter what the
Anal outcome of the crop Is. The
; period of tropical storms Is at hand.
I and at the end of last week one of
; these disturbances did more or less
damage in the South Central sections
J of the belt. These storms are to be
I expected from now on. It looks as if
j the movement of new cotton this week
will be large enough to affect statis?
tics if this happens one of the wea
1 pons that the hulls have come to look
! upon permanently as their own will
I be taken nway from them.
ILL-JUDGED ATTEMPT
TO FORCE PRICES UP
New York. August 13?The reversesi
which continued to overtake the stock
market last week were the outcome
of feveral factors, especially nn ill
Judged attempt of a speculative party
to force prices up last month Und
failure of some of the helpful Influ?
ences relied on by that party to carry
Its ventures to success Instead of
success It was overcome l>y adver?
sity and forced Into liquidation or to
appeal for assistance from stronger
financial hands. There was suffii I hi
bosls for reports that accounts had
to be taken over by private arran ????
rnent, much as was the case 'n .'uiy
of last year The market failed to
show the relief ordinarily resulting
from such salvage operations, ami
further Impetus w.-!s given to the
retrograde movement when it became
known that llrnry C. Prick had re?
tired from the Harriman hoards
Miscalculation of the money market
was a factor in the trouble that has
overcome the speculative position Ear
ly In the season there was a i,re?
sumption that extremely easy money
conditions would prevail throughout
the year, or until a declsslve business
revival should make additional de?
mands
The heavy excess of the country's
exports over Imports was also relied
OPEN AN ACCOUNT WITH
The Union Bank
of Richmond
1107 EAST MAIN fllP.h VT.
,'..00 MAKES A KT APT. 8 PEU
CENT. INTEREST
i on to establish :i command of bin?-|
ring credits in foreign market?, 'ihe
speculative campaign seenis to have]
.^nc,r.- i Hi- effects tn be expected from i
the government's Panama Canal bond!
issue, apparently counting on the ri -
deposit <.f the proceeds in the national
banks instead of that over |KO.OOO,0(>0
(lowed out of bank reserves into thej
United States Treasury. The Mororcm
cr isis and the political upheaval ?n j
'Ireal Britain came alone when prices
of securities were Invitingly high ttnd|
foreign holdings of stocks and bonds
were sent lo market in New York'
to hnlat.ee New York banking credits
? road The New York money Hint ?
kcl a consequence came to the
I threshold of the crop-moving rcquir-;
I ments with the smallest reserve sur
I plus -of the decade with the excep?
tion of ISO". The wheat crop beg.in
to. move much earlier than usual, and
Ihe prospects of a record cotton crop
prompted extraordinary preparations
by Southern banker* This position lj
responsible for the pressure by tne
banks upon speculative borrowers,
which was the main inlluense in 'lie
movement of liquidation.
That the early prospects this year
i for crops, except fry- cotton, is ir.a
! lerlally altered wan demonstrated by
1 the government grain report of lnrt
I Tuesday Decline in condition --f coin
and spring wheat wa? more severe
; than was indicated by what had been
! regarded as exaggerated reports.
A formidable effect on sentiment was
: produced also by reported demands
i upon Western railroads for higher,
wages, with rumors of labor trouble?
elfte.Where. Published utterances diir
j ing the week by influential capitalists
showed b decree of solicitude over con?
ditions growlpg out of the Supremo
I Court anti-trust decisions, which has
I not been admitted before o.nd which
j has been. In fact, sedulously dissem?
bled. Tho conviction has gained force
that great industrial aggregations
j must be extensively readjusted, and
j there Is dread of the confusion Which
I would result, if in nothing else, in
! the computation of values .-f segregai- I
' o?i factions of existing corporations.
Tbl? feeling was not allayed by the
public assertion of the Secrot.'.rv of
I Commrce and Labor that 00m? mc<s
j tires of protection of the go)d as well
11s of the prosecution of the bad, were!
imporntive in approaching the corpora?
tion problem if the oontmiorca of tbo
United States wad t<> in- kept at the
pcsitlon it hud reached.
Good effet was produced by tho
Copper Producers 'report uud the
ft Ited States Steel report Of Unfilled
o?d?. rs as of August 1. Copper stocks
air brousht down to a lower figure
since last December, and th? steel uu
filled order tonnage has risen higher
than since August of last year. These
promising industrial conditions keep tip
hope of forces of recuperation to he
met In the financial markets
CONTRACT MARKETS
MUCH LESS ACTIVE
Fluctuations Have keen Erratic During Past
Week?Hot, Dry Weather'sii fluence is Off?
set by Labor Troubles in nurope.
Now York. August 13?Trading on
couon on the contract markets tho i
past week has bean much less active
than for any weeK during the past
month, but prices have so far failed to
maintain even the moderate rallies in?
fluenced by the recent renewed acitiv
lty of former bull leaders or the profit
taking movements among t'he shorts.
Fluctuation! have been very erratic,
wtlh the market showing alternate!
strength and weakness from the open-'
Ing of the week up to Ute. close yester- |
day. The last prices showed a loss of |
about 35 points for August and in to |
15 points for the later months from!
last Saturday's final quotations. Thus
August contracts closed last night at
about 12 1-S cents, against 11.15 for
October and December deliveries, and
11.10 for January.
This is a recovery of about 30 points
from tne lowest levels reached for the
new crop monl'hs during the forced
liquidation and heavy bear pressure of
last week, when September sold as low
as 11 cents and October and December
10.84. January 10.78. and March 10.00.
At this time last year August was sell?
ing at 15 5-8 cents. September 14 3-8.
The liquidated condition of the gen?
eral option l!st and the heavy short In?
terest, together with the renewed ac?
tivity of the old bull interests for
higher prices, would have probably
caused a better market for contracts
the last few days on the hot, dry
weather in Texas. Oklahoma and the
Mississippi Valley but for the great
labor trouble at London. Liverpool and !
Manchester from the dockmeh's strike I
This h;ia had such a demobilizing ef- 1
feet upon general transportation of I
goods In the English market* that
many mills at Manchester have either
had to shut down or run on half time,
owing- to tho failure of transportation
facilities. The result of this has been
to demoralise business in the English
market- to such an extent that It has
caused the smallest transactions In j
spot cotton there for the week for u I
Ion? time, and precipitated fresh liqul- !
datlon of speculative accounts In con?
tracts as a consequence.
The Market's Position.
This dull ami heavy condition of the
Liverpool market nullified the strong
efforts made to rally prices here. It
has not Interfered much, however, with
the disposition of Important spot in?
terests and cotton traders to continue
their policy of accumulating Septem?
ber and October contracts on the scale I
down for further protection against
their probable requirements of the ac?
tual cotton until the new crop com?
mences to move freely from planta?
tions in the cotton belt In September
and Octoi.cr. This buying, and the
support the market has continued to
receive on the weak days, has made
short selling by the bear eleme-s.t much
more conservative and less heavj than
recently. The hot, dry weather in
Texas and Oklahoma, with maximum
temperatures In both States reaching
100 to 10? degree.- at many points on
the last four days of the week, has
brought In many crop-damage reports.
This, too. has also had a restraining
Influence cnon the bears, in following ,
the lU-cent cotton predictions so free?
ly made lately In the South #nd this |
market. As a consequence of these
quieter trading conditions, the markets
have been much more rational and
more two-sided a speculative proposi?
tion.
Tinkering with the tariff on the cot?
ton schedules by Congress and the con?
tinual general belief that the crop will
prove In excess of 14.500.000 bales at
the lowest calculation are keeping sen?
timent very bearish, and the disposi?
tion Is, therefore, still to avoid the i
bull side. At the same time, however.
rhere is little doubt that the trade has
had tl*e best crop reports It will get
the balance of the season, and also the
largest crop estimate. In many quar?
ters, It is believed, all the bear news
i or. the crop has now come out and been
1 largely discounted.
Prnlinble Crop Drterlorntinn.
It is. therefore, hel'.cved many bad
I crop accounts will soon be coming In
i to reflect the deterioration which is
now going on in the condition of the
plants. Whether this deterioration,
which has been felt most sf. far in
Texas. Oklahoma and the Mississippi
' Valley States, will continue ieponds on
J how long temperatures will continue
I to reach dally the maximum of 100 to
1"7 degrees they have attained on the
last four days. Should the hot. wnve
continue unbroken for a week or two.
there would then be real cause for
worry over serious crop damage. But
If good rains and cooler weather occur
i within the next few days, much of the
present apprehension would he dissi?
pated and the markets might decline
again under fresh Southern and local
bear selling.
I It is well to remember, however, that
August Ir. usually ft month of crop de?
terioration, and that the loss amounts
! to about 5 to ii per cent, on the average
i of the last ten to fifteen years. With
; the exception of August, 1003. when
1 there was an Improvement of 1'A
; pointr. the conditions from July 25 to
' August 2R in the government's reports
j of the last ten years hav? all shown
I declines approximating about the aver
i age amount stated above.
IRON AND STEEL REVIEW
I New York, August 13.?Pome of the
' steel companies declared a decrease in
r.ew orders for finished products last
' week, followed by Increased cornpetl
; tlon for business and renewal of con
: cessions in prices.
I The July statement of the subsidiary
companies of the United States Steel
Corporation, showing a net gain of
223.00H tons in unfilled orders, al?
though representing water that has
passed the mill, Is Important as veri?
fying current reports last month of a
steady Increase In new orders and
specifications and heavier shipments
of finished products, causing a gain
ol 10 per cent, on mill operations.
Eighty per cent, of steel Ingot capac?
ity in commission to-day means a to?
tal steel output of 48.000 tons per day.
j or 14.967.000 tons annually, which Is
; record-breaking.
The production of pig Iron Is also
Increasing, and outside of charcoal
Iron, the dally rate of output Is about
i C.500 tons per day. The steel companies
arc responsible for the gain thus far
in August, but the output of steei
making iron is relatively less than
that of steel ingots.
The outlook for merchant furnaces
is improving in proportion to the re?
duction in output, ami the decrease in
furnace stocks last month, but con?
sumers of foundry Iron are not im?
pressed by the changes, knowing that
furnace stocks are ample, and latent
capacity great. On the other hind,
nriees are lowest, prospects are more
lavorable for an advance than a de?
cline.
The principal iron transaction* last
week were 10.000 tons of basic In the
1 itlsburg district. 6.1)00 tons Virginia
10 nan f XeW l:n?lan'i shipment, and
10 "0Cions of foundry iron for the
Westlnghouse Electric Company Bast
E? foT- ?:;,mp-inlPS are ln ,he
drv g^des ?rkS 25'?00 ,,,ns f?
Condition of Cotton.
Memphis. Tenn.. August 18.?The
Commcrcial-Appeal to-morrow wUl
Deterioration of a more or less seri?
ous nature in the cotton crop is re?
ported from Texas and parts of Mis?
sissippi and Alabama. Elsewhere tho
crop has done well, with local oxcep- ,
tlons.
The decline In Texas, which has oc
eurred in centraj. northern and west?
ern counties, is tho result of exces?
sive heat and two week.- without rain
following a wet period, during which
the plant grew rapidly Shedding and
worms form tho basis of the com?
plaints. The heat has reduced the ac?
tivities of worms, but increased the
shedding, which has in places been
severe. There are some reports from
this State which says tho crop is still
holding up and that the alarm Is over?
stated.
The trouble In Alabama and Missis?
sippi arises from an excess of moist?
ure, which has made a rank stalk
growth and caused some shedding be?
cause of the rapid growing of the stalk
and from worms, which are numerous
in some fields. The disappointment
resulting from this turn ln affairs has
yiroduced a feeling that perhaps the
crop prospect has been overestimated.
Iij tho Atlantic States. Tennessee.
Arkansas. Loulslann nnd Oklahoma
there has been no serious shedding j
und the crop is doing nicely.
r.aln Is needed only in Texas. Else?
where, dry. warm wenther is desirable. 1
d r7 gWdVrev!\E w
New York. August 13.?Unsettled
conditions continue ln the cotton goods
markets, due to the approach of a new
crop year, with Its promise of lower
costs, and to the general conservatism
of purchasers all through the country.
Curtailment among the mills has In
creased a great deal, and ln the next ;
three months only one-third of tho |
great equipment will be ln operation.
Jobbers and users of goods generally
do not want to buy save for their most
pressing needs.
The strong feature of the merchan?
dising position lies ln the stocks tbat
are being carried in wholesale and re?
tail channels and in the promise that
with fair crops there will be a resump
| tlon of average buying for current re
| quiroments during the late fall. The
i good? on order are being accepted, and
! there are many requests being re
I reived for anticipations of shipments
i of goods soon to he due. The scarcity
of merchandise In different quarters
' Is being felt, even though the demand
! Is very much below normal, and mer
! chants are not agreed that prices on
I cloth? will fwing down as far as cot?
ton seems destined to xa In searching
for bottom, because values of cloths
did not rise to the parity with cotton
\ during the expiring crop year.
Exports continue above those a year
ago. Bleached advanced l-S cent dur?
ing the week, in consequence of the
sold nut condition of spot stocks.
Heavy cottons hold moderately steady,
while the finer cloths are Irregular.
rni*o\r:it is willing
to PART with tongvf,
Kansas City, Mo. August 13?J. W.
Lynch, a twentv-two-year-old prisoner
In the Wyandotte.. Kan., county Jail.
i has written a letter to L. L. Long.
! father of Mis? Inez Long, whose
! tongue was almost bitten off when
? she was thrown from a motor car and
! alighted on her head, signifying his
I willingness to part with the tip of
his tongue for enough money to pay
I for a new trial. Lynch is serving a
sentence for breaking into a post
| office. The condition of Miss Long's
} tongue has Improved so much, how
i ev, r. that her physician announced
to-night that a urafling . peratlon
will be unnecessary.
PF.HMISSION is GIVEN
TO MRET COMPETITION
Washington. D. C, August 13.?Per?
mission was given to the Atlantic
Coast Line, tho Norfolk and Western
nnd the Win?ton-Salem Southbound
Railways by the Interstate Commerce
Commission to meet the competi?
tion ni the Southern Railway In
freight rates from and to points on
the Wlnston-Salern road. The commis?
sion granted the application of '.he
line? named to exact a lowor charge for
a longer than for a shorter haul In
the same decision. It affects the rates
from points in Eastern North Carolina
to all other States and Territories and
the Dominion of Canada.
Prepares for Long Flight.
St. Louis. August 13.?Harry N. At
wood, the aviator, arrived here yester?
day to prepare his aeroplane for his
flight to the Atlantic Ocean. Ho will
rise from the ground Monday forenoon
In Forest Park according to hiR pres?
ent plans, circle the city, during which
he will fly over the business section
I and return to the starting place. Then,
If conditions are favorable, he will
[depart on tit,. i,,n,. distance (Hunt. At
wood announced that the route of tho
proposed flight might be changed. His
j managers were ,n communication with
.Indianapolis ml Cincinnati to-day. and
Xhe may go by that routo
General Madero Demands Ini
med?ite Declaration of His
Stand as Candidate.
TWO PARTIES WANT HIM
President He La Barra May Be
Nominated by Catholic Party.
Youths in a Duel.
Mexico City. August 13.?That the
Catholic party Will uttempt to foroe
President De La Barra Into the presi?
dential race by nominating him over
his protest is assured, as the Presi?
dent has demonstrated that no com?
bination of circumstances can force
him to abandon his intention not to
enter the rice. It Is practically cer?
tain that General Madero will have
the support of the Cathol'c party. It
Is regarded as probable that If Presi?
dent de ua Barra cannot be forced
to run the convention of the Catholic
party will not make a special declara?
tion for any candidate, but that the
lacit understanding- will be that Ma?
dero is to be supported.
General Madero has written a letter
to Dr. Francisco Vasquez Gomez de?
manding that Dr. Gomez make an Im?
mediate declaration as to his political
position. General Madero points out
that Dr. Gomez cannot remain on his
ticket as a candidate for Vice-Presi?
dent and at the same time continue
as the party chief of the antl-re
clectlonists. which Is fighting Madero.
No reply has yet been made to the
letter.
A duel to the death with knives was
fought in Chapultepcc Park and In
sight of the castle, the summer resi?
dence of the President, between two
young society men of this city, Juan
Doquc do Kstrada and Juan Sierra
both members of prominent families.
They quarreled in a billiard hall and
determined to tight it out. They took
a taxlcab to Chapultepcc Park, and
after a battle with lists. In which
neither was worsted, they resorted to
knives, and Sierra was so severely
stabbed that he died of his wounds.
Deque de Estrada, overcome with grief
;?t the result of the encounter, hurried
in the taxlcab to the residence of his
late enemy's parents to inform them
of the fatal fight
Despite the official details that all
is quiet in Cuernavaca and the State
of Morelos, the Zapadores battalion
has been sent under rush orders to
Cuernavaca to reinforce- the troops of
General Huorta. General Emlllano
Zapata, the revolutionary chieftain,
whose men were so attached to mili?
tary life that the third attempt Is
now being made to muster them out,
has refused to consent to his men put?
ting down their arms unless the Fed?
eral forces are withdrawn from the
state.
Jesus Robles Domlnguez, who was
sent to Cuernavaca for the mustering
of the troops still under arms, re?
turned to the city to-day with tho
declaration that he had visited wen
oral Zapata in the village of Ayala.
and that the revolutionary leader was
enjoying his honeymoon and had no
thought of starting a rebellion. While
this statement was made to the press.
It is learned on the best authority
thut Itobies Oominguez reported to the
Minister of the Interior that the revo?
lutionary troops would consent to be
mustered out only if overawed by a
strong show of Federal troops.
Juan Banderas, provisional Governor
of Sinaloa, and revolutionary leader,
has refused to answer the summons
of tho Minister of the Interior to come
to the capital and report on conditions
In his state. A second telegram has
been sent from the Interior Depart?
ment, and orders have also been Issued
for a strong detachment of Federal
soldiers, now stntloned In Sonora, to
proceed to Sinaloa with all possible
speed.
TOLSTOY WANTED A MOUSE.
Chief Incident of the Philosopher's
Visit to nn Innmie Asylum.
St. Petersburg, August 13.?The an?
nouncement that Count Tolstoy's
friend, Gerrika. would describe In the
current number of the Westnlk Eu?
rope his visit with the late aged seer
to the lunatic asylum at Podolsk in
the summer of ir>in aroused keen ex?
pectations of profound thoughts by
the philosopher on the tragedy of un?
hinged minds Instead, however, the
following was tho conspicuous inci?
dent of the visit:
Count Tolstoy, accompanied by hiss
daughter and Gerrika. with the pa?
tients of the asylum, witnessed a mov?
ing picture production of the late
King Edward's funeral. Count Tol?
stoy Immediately took the keenest In?
terest In the horses shown upon the
screen.
"Look! Look!" he cried "How they
carry themselves! How they sot their
feet: Look what a lovely beast that
officer has?a thoroughbred!"
The count then turned to his daugh?
ter, and In tones of a child begging
for something, he said:
"Oh, If I only had a horse like that."
FAMILY RECO It D OX A Tl'RTLB.
Former Finds Ilia Grandfather's and
Fnther'n Names nnd Adds Ills Own.
Providr-nco, August 13.?Oeorge L.
Slillman, of Westerly while strolling
about a farm that he owns came across
yesterday a huge turtle. On the tur?
tle's back was carved "Paul Mnxson.
17!>3."
Next was the name of Adam Still
man, grandfather of the present own?
er of the farm, with the date 1808,
and under this was the name of Mr.
Stlllman's father. Joseph St.illman.
dated lSf.S.
That these names and dates arc au?
thentic is not doubted, as Mr. Still
man says that It is a matter of fam?
ily history that the turtle was marked
by his father and grandfather, and
that the history of the town shows
(hat Paul Maxson lived on the farm In
1700.
Mr Stlllman exhibited the turtle for
tho edification of his friends .utd com?
pleted the exhibition to-day when ho
added his own nnme and the. dato 1011
to the family record. Then he turn?
ed ihe turtle adrift to return to a Still
man of the next generation.
It Wns "rhnrKston, W. Va."
Washington. Ang-tst 13?Citizens of
Charleston. S. C, were startled by
tho announcement that the. Federal
building there was to be sold to the
city, and that a bill authorizing the
sale had been passed by the House
yesterday. It turned out that somo
one hail confused Charleston, S. C..
with Charleston, W. Va. It is the
Federal huildlng In the West Virginia
icity that is to bo sold. j
?JTinanr/aL
Our New Home
THE
road Street Bank
RICHMOND, :-: VIRGINIA
Mob and Burglar-Proof Vault
Capital, . ? ?
Surplus and Profits
FOUNDED
$200,000.00
110,000.00
1901
OFFICERS
W. M. HABLISTON. President.
J. W. ROTHERT, First VIce-PresIdent.
JNO. G. WALKER, Second VIcc-PresIdent.
ANDREW M. GLOVER, Cashier.
Henrv VV. Anderson,
Benj.'P. Alsop,
Leon Dittelbach.
T. H. Ellett,
H. F. Grimmcll,
DIRECTORS
W. M. Hahli-ton,
I. H Kaufman,
Raphael Levy,
Geo. Wi Minter,
John Murphy,
W. S Rhoads,
J. W. Rothert,
J. W. Tvler,
'lohn G." Walker,
rt. Rand Wellford
Safe Depository Boxes For Rent
All Facilities For Banking Accounts Solicited
CHOOSE
This Bank for its ability to meet your requirements.
Strong, Progressive, able and willing to meet every legiti?
mate requirement of the small or large depositor, con?
veniently located at Ninth and Main Streets. To those
opening new accounts or transferring old ones we solicit
your business.
Savings Accounts a specialty.
3 Per Cent. Interest paid, compounded semi-an
nually.
Bank ol Commerce and Trusts
Capital and Surplus, $325,000.00.
Your Insurance Rate Is Fixed
By the fire hazard of your risk.
Reduce the hazard and you reduce the premium.
CONSULT
Virginia State Insurance Company
Organized 1865.
HOME OFFICE, - - MAIN AND FIFTH STREETS.
Phone Madison 4000.
Expert Insurance Advice Given Gratis.
FOR ANBORA CAI
Tiger, Mr. Brooks's Pet, Had
Colonial Pedigree and Would
Turn Leaves as Owner Read.
Pittsneid, Mass.. August 13.?Mr.
William Gray Brooks, a wealthy law?
yer, of No. 257 South Twenty-first
Street, Philadelphia, Pa., who, with
Mrs. Brooks, is spending several weeks
I at the Maplewood Hotel, in this city,
has ordered a mahogany and plush
coflin for his pet Angora cat Tiger,
which dted in Philadelphia. Tiger's
pedigree dated back to Ben Franklin's
time, and he had taken many bli*?
ribbons in Angora cat shows.
Tiger would follow Mr. Brooks's
hand when writing and would turn
the leaves for him when reading. Me
would perform any number of tricks
and could almost count.
Tiger weighed fifteen pounds. His
fur was gray, mottled with stripes.
Mr. Brooks had refused an offer of
$500 for the cat. When he heard that
Tiger was sick he ordered by wire
everything possible done for him. I
When Mr. Brooks, received a message
of Tiger's death rVe wept. Tiger will
be burled with honors in a burying
ground for animals In Philadelphia.
Mr. Brooks is one of the barons of
Runnymede, England. With Mr. and
Mrs. Brooks at the Maplewood Is Mrs.
Brooks's sister, Miss Julia O'Donoghue,
of Ross Catle. Ireland.
Nevr Shooting necord.
Newport, R. I., August 13.?A new
record for submerged shooting was
established by the submarine Octopus
In her elementary practice crulso,
which has Just ^been completed. Fir?
ing twenty feet under water at a tar?
get 2,000 yards ' away, the Octopus
Lmade 76 per cent, of hits.
The Man
Who Knows
By actual experience will tell
you that, In every way possible,
the officers and employees of
this bank combine to make the
account of every depositor of
the utmost value and to make
him feel thorough! y at home
here.
First National Bank
RICHMOND, VA.
Capital and Surplus $2,000,000
We welcome accounts of al
kinds, large and small.
Manchester National Bank
National Bank of Virginia
Capital, - $1,200,000
Surplus, - $ 600,000
Accounts solicited
Ninth and Main Streets
Get one of our little Home Sav?
ings Banks?free for the asking.
Commonwealth Bank