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The times dispatch. [volume] (Richmond, Va.) 1903-1914, August 21, 1911, Image 8

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn85038615/1911-08-21/ed-1/seq-8/

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TRADERS MAINTAIN
BEARISH POSITION
Bull Leaders Give Better Support During Past
Week, and Trend of Prices Has Been
Gradually Upward.
N<-w York, August 'JO.?While the
volume of business has been much
smaller the p:ist week, and most trad?
ers maintained their bearish position
<o, the market, the tendency of prices
has been gradually upward This has
been due to much better support front
former bull leaders and nervousness of
many shorts because of insufficient
tains In Texas nnd Oklahoma The re?
sult has been a higher range of prices.
Most of tho Improvement, however,
was made in yesterday's advance of
about ;a points This rise closed the
market, then just about 35 to 49
points Up from the lowest prices of last
Saturday morning.
Then th<- August option sold as low
as 11.P*. October 11 cents. December
11.03. January lo.os. and March 11.or.,
or within 40 points on August to about
JO points for the rest of the list of
the lowest prices reached on July 31.
which was the lowest range for over
two yoars. Yesterday August sold it
13.32, October 11.31. December 11.45,
January 11.39, and March 11.19 The
labor trouble in England has been a
great drawback to tho Liverpool mar?
ket for spot cotton, but futures there
have been advanced In proportion with
the Use here, und New Orleans has re?
sponded In s;. mpathy.
Still l.nrfcel) n Weather Market.
The outlook for tht present level is
one of great uncertainty. Much de?
pends on the weather In Texas and
Oklahoma, where the crops have been
deteriorating more than the avorace
for August during previous years, on
account of the hot weather of the last
two weeks, and the absence of more
than light scattered local showers at
widely different points. Some think
the loss in condition In Texas Is as
much as U points and 10 In Okla?
homa. In the Mississippi Valley there
have been complaints of too much rain
nnd heavy damage In Alabama and
Georgia from caterpillars, boll worms,
and ether pests. As a consequence,
there !.? no question that last month's
government crop bulletin turned In
the very best reports of the season,
and also suggested the highest possi?
ble calculations On the prospective
crop
Estimates ..f 14.600.000 hales, which
were made then by conservative trade
interests of experience, have since been
cut down t>> 1 1,000,000 bales. There
never was any basis for such esti?
mates of 16,000,000 to 1S.000.H00 bales,
which some of the mathematical ex?
perts; figured out and scattered broad?
cast with their S-cenl cotton predic?
tions. The trade is now commencing
to realize that even on the conserva?
tive calculations, unduly optimistic
opinions with regard to the probable
yield were formed, and that the next
government crop report will cause
general trade scntim<-nt to crystallise
around a crop prospect of not much
if any over 14.00u.000 bales as the real
situation and outlook.
The Crop Situation.
The government's crop report Is offi?
cially announced as due to be pub?
lished at noon on Friday, September
1. This will give the average con?
dition of the crop to August 2R. It
made the condition as S9.2 to July 20.
against 76 1*3 a year ago and 79 1-2.
I the average for the last ten years, as
I contrasted with 91.6 per cent., the
I highest on record, on .July 25, 1904.
I The most conservative crop experts
j are expecting this coming report to
make the average condition about 82
per cent., with the heaviest falling oft
for the month in Texas. Oklahoma.
Mississippi. Ooorgla, and the Caro?
linas liven at S2 per cent,, such a
condition would still be the highest
for August 25 on record, with tho
exception of S4.1 In 1904 for the las',
twenty years.
It would compare with 72.1 last year
and 63.7 In 1509. which was the lowest
on record In twenty years for that
period, and be contrasted with an av?
erage of about 75 per cent- for the last
ten years. The crop has still the bal?
ance of the month and all of Septem?
ber, quite as trying a month as Au
guest. to go through before the middlo
crop will be ready for picking, and then
It will he tip to the question of the
kind of weather the crop will be fa-j
vored with later on for the develop?
ment of the top crop. The latter will
not be safe from the possibility of
heavy damage until after the average
date of killing frost has been passed,
which figures out about November 1.
Consequently, there Is still no assur
| ance of anything like positive charac?
ter that the crop will even approxi?
mate the present conservative estimates
of 14.000.000 bales. Everything de
I penda upon very favorable weather
! from now on to the ena of the season
j and a late average date of killing frost
to realize such a crop.
What a crop of that size would bring
in the way of average prices for the
season Is a question which no one can
foretell at this time. The solution of
that problem depends upon trade con?
ditions throughout this country and
I in Europe, especially during the next
six to eight months. The average price
which last season's crop figures out
was about 13?L against 14li cents the
previous two years. If an average of
ll'-i cents is realized this year. It would
Still show a profit to planters, hut It
would be a heavy loss as compared With
the high prices realized for the much
shorter crops of 1910 and 1909. a
record crop of cotton does not always
iiMr. more money to the producer. If
trade conditions- the world over are
not favorable for a full average con
sumption by the world's spinners, a
big crop Is worse to the planter than
an average or smaller crop.
At present trade conditions In this
country in the cotton goods industry
are far from satisfactory, largely on
account of the uncertainty over the
tariff and the mixed political situation.
On the other hand. Europe's good trado
conditions of the past six months are
now being badly jeopardized by the in?
dustrial war In Great Britain. This
has been paralyzing business In Man?
chester and Lancashire the past week
to such an extent that mills have been
closing down rather generally In that
district the last two days, and business
I in spot cotton on the Liverpool Ex?
change has been practically suspended.
Problems of the Future
WHEAT PRICES BREAK,
RALLY COMING LATER
ErilHant Crop Reports From Canadian North?
west, but Unsatisfactory Harvest Returns
in-This Country.
New York. August 2n.?During the
first half of the week prices in domes?
tic wheat markets moved to lower
levels. Losses at mid-week ranged
from 2 5-S to a 12-lti cents ,as com?
pared with the closing figures on Sat?
urday Trader? were still extreme?
ly nervous because of the irreat uncer?
tainty regarding the spring wheat out?
come, but It was npparent that bearish
sentiment had become much more
prevalent. JTlic frequent rallies which
prevented, this .brink from assuming
large proportions indicated, however,
that fears regarding crop lossej had
not been entirely allayed. The supply
of conflicting reports was as large as
usual, and with dismal and hopeful
reports following one another it was
not surprising that traders were puz?
zled.
Kears of Injury to the belated crop
In the Canadian belt were set at rest
by a rise in temperature, while there,
was little rain on either side of the;
border to delav field work or to cause
damage Canadian reports Indicated
large yiojds in various parts of the
* wheat belt, and stated that the favor-!
able weather was causing grain to
ripen q'uickly. At times, on the other
hand, some of the reports from our
fprinp wheat territory were less satis?
factory Heavy rains fell in parts
Of North Dakota, and private crop
re-ports from there suggested small
yields and poor quality. In Minnesota
It was said that rains had caused
wheat to sprout in the shock. Toward
mid-week Canadian millers 6enL In
gloomy reports a? to the crop outlook,
and in addition complaints were re?
ceived from o:;r spring wheat markets
as to the poor qusl'ty of some of the
new wheat arriving
The foreign situation ?as sotnewhut I
complicate*}, the .-triV.e in Great Brit- j
ain serving to unsettle matters. The ,
Weather In Russia was Baid to be bet?
ter, permitting progress with harvest
work That country's experts were,
larger than expected, and the world's!
total clearances also exceeded the es-1
tlmaie, althouch th?y were smaller)
than a week ago and for the fumei
week in 1910, and caused a decrease
of 1."92.000 bushels tn the quantity on
passage, against an increase a year
ago of S.205,000 bushels. Our visible ]
supply showed a f*lr Increase, namely,
2,290.000 bushels, but the world's avail?
able supply increased only 3S2.O0O
bushels, as compared with 8,169.000
bushels a year ago Europe was de?
pressed partly by a favorable weekly
crop summary Towar*? mid-week
however, the foreign news became
mere stimulating. Liverpool showed
unexpected strength, and foreigners
were said to be bnyinir futures here.
Kxport inquiry also became more
spirited.
in the last half of the week the
????????? ?
OPEN AW ACCOUNT WITH
The Union Bank
of Richmond
1107 EAST MAIN 8TRF VT.
11.00 MAKES A START. ? PER
CENT. INTEREST
course of prices was reversed, ar.d.
in spite of numerous feverish fluctua?
tions, they Anally succeeded In re?
gaining part of their loss. The reac?
tion was especially pronounced In our
.spring wheat markets, which became
the strongest, instead of the weakest.
Indeed, during the last half-hour on
Friday, they Jumped up 3-401 l-8c.
It was evident that shorts had become
alarmed, as reports regarding un
satisfactory threTsJiing returns, both as
to yield and quality, became more per.
Distent. From the other side of the
border, however, tho news was gen?
erally favorable. Crop experts gener?
ally agreed that climatic conditions
for over a week left little to be de?
sired, and hence jt seemed clear that
harvesting would soon be in full
s-v. ing. Where It is already under
way yields are laTge, and, therefore,
:i large crop Is expected, one authority
Placing the total for the three North
Westcm provinces at 200,000,000 bush?
els, as against 125,000,000 bushels har?
vested last year. '
At times buying was qulckene/? by I
tbe fact that wheat Is arriving ati
Western markets in much smaller!
volume than at this time last year, I
while our exports are larger. In the]
meantime, buyers for Antwerp and
Rotterdam have heen taking mod-i
erately large quantities of No. 2 red.
Movement of the Corn Market. I
During the early trading there was'
a material break In speculative corn
markets, but subsequently the feeling i
became firmer and part of the loss)
w as recovered. The early weakness j
was due In good part to more favor- |
able crop advices, partly because of:
beneficial rains over the week-end in ;
Illinois. Ohio, Iowa and Missouri, I'or- i
elgn markets were also lower, as ex-'
ports were large from Russia and j
Rumania, while the quantity on pas- i
sage showed a good Incrsns? Crop i
advices from those countries were also
mors satl3factory. The subsviuent re-j
eovery was bared mainly on reports of
damage in the Pouthv.es*. oy hot'
weather, some stations reporting tern-j
r'rntures over 100. During the late i
trading markets continued to move!
upward gradually, although frer.uentl
i.'U.acks prevented any substantial
(sains. Although fair rains fell over a i
v ide aria lr. Kansas. Xebraika. Iowa, I
ll'lnols. and Ohio, it was states that j
j they would be of no help to the early |
crop, while the heat waa firing the |
I '.ate crop. Moreover, the tnovem"nt has
! been moderate, it being claimed ""that!
I fa.rr.e.rsln misty sections were hotdinrl
\ firnly.
WILL MAKE AIUtAN OE3MEXTS
TO POOL TOBACCO rn^jr
[Special to The Tlmrs-rMtpatr.h ?)
Vlrgillna. Va.. A'.ifruM JO.?A meet
lr.g o{ the tobacco growers of Vir?
ginia and North Carolin* will he helri
\ !r. Greensboro, N. C. AviKut-t 25 and
I 2i*. to perfect arrangements for pool?
ing tbtf year's crop of tooaoro Among
thosf who will make addresses are I
Charles 8. Barrotl. national president
of the Farmers' I'nlon. and Hon. .loel
B. Firl. of Tennessee. The commit?
tee having charge of arrangements Is
composed of T. B HUI. lohn R, WH
1 hams and J- C. Kenntlt.
i ? 1 ?' ?
Have you modernized
your business methods ?
Are you making use of
Western Union Day and
Night Letters?
They are a part of
successful business and
social life.
THE WESTERN UNION TELEGRAPH COMPANY
..Tr,.VJ,,.,,,,,l,,,,l, ,. ??r
ItfliirB-nTi^ lr"'1 "
PRICES ARE FORCED
TO NEW LOW LEVELS
New York, August 20.?with occa?
sional Intervals of resistance and re?
covery, prices of stocks were forced
last week to new low levels for the
year, although a substantial rebound
set In before the end. The volume of
selling gave rise to constant surmise
as to Its sources and varying reasons
for Its movement. A conspicuous fact
was the enormous congestion of the
dealings In a handful of stocks Which
have served as counters for the prin?
cipal specufcultjn for many months
past, such as L'ntted States Steel. Union
Pacific and Heading. Union Pacific
was the subject of mending gossip of
Interna; dissension, selling out of hold?
ings, of retiring capitalists or estates
and coming dividend reduction
Outside the Immediate turmoil of
the Stock Exchange causes arc dis?
cernible for the decline of more gen?
eral application. A contrast of the j
business outlook and promise with
that of the early year In Itself av
couni.- for much of the readjustment
that has taken place. The fact that
an 111 Judged speculation was >-er
slsted In, despite warning events up
to the latter part of July, when high?
est prices for th? year were made,
goes to explain the vulnerable posi?
tion of the market under necessitous
liquidation. Transfer of over $50.
000.000 cash from hank reserves to
government vaults in payment for
Panama Canal bonds upset calcula?
tions of money market resources
The Moroccan crisis and labor dls
I turbance* in England, converging on
a financial position abroad liable to
strain, prompted large marketings ol
foreign holdings of American securi?
ties and advanced bids by foreign bor?
rowers to induce American credits to
be left undisturbed, rather than re?
called for employment at home.
From an early promise In May and
I June for bumper crops of wheat and
corn, deterioration bad brought down
I the promise on August 1 to a deft
j clency of 70.000,000 bushels in yield
of wheat, corn and oats, compared
I with last year. Bank clearings, mer
! cantlle returns and steel trade sta
| tistlcs, instead of the rapid trade re
i covory looked for, have disclosed only
gradual progress, and In some case:
j Stationary conditions dulled the spec
illative appetite and left the specula?
tive buyers unable to dispose of hs>ld
ings at the high level to which their
operations had carried prices. Tp'
scries of congressional inve-Hgatlrf?.
of corporate affair.", the interstate
Commerce Commission's decisions ad?
verse to railroad rate lncrtit%>s, an.
the prospect of tariff legislation in the
coming winter made additional dis?
couraging factors. Reports of con?
certed demands from railroad l.iborer1
for higher wages threatened trouble j
in another direction. The .'all In stock
prices from the high level of July Is
accepted as an accurate measure of the j
disappointment of ijarlier hopes of the I
rate of revival which was to take |
place In business and industry. ! I j
cannot be said Vi.it confidence Is Ini j
paired that the recovery is to tak< I
place, in spite of Its delay. The bril?
liant prospects of the cotton crop re- ]
! main as an offset to the deficient grain
croVs. Improvement In corn is still
[hoped for. The July foreign trade
reports show the carrying over of last
j year's favorable conditions into the
current year. The banking position
of the country Is pointed as almost
unprecedentedly strong. Credits are
not extended, and mercantile stock*
are said to be universal as a conse?
quence of hand-to-mouth buying for
a long period. Financing on an exten?
sive scale lias been accomplished alnce
the first Of the year, and correspond
Ing resources for outlay supplied.
COTTON MARKET HAS
TWO FACTORS TO FACE
New Orleans. La., August 10.?This
week the cotton market will ha\'| two j
big factors to face. First will he the |
English labor situation, and after that I
the question of how much the cotton
crop has deteriorated since the gov- I
ernmentVj last report on condition on
July 25.
Circulars from local commissi? >
houses expressed the opinion that fn?
strikes in England will have more ef- I
feet on the cotton manufacturing In?
dustry of that country than they had
last week, because more mills will be
closed down. This would result In
smaller Spot trading in the Liverpool
market and a decrease in English mill .
takings.
The bullish element in the market j
la somewhat |rrvous over the possi- j
hillty that Germany may take advan?
tage of England'* Industrial disturb?
ances to rnopen the Moroccan ques
tion in a decider Itvay.
Balancing the situation on the oth?r
side of the water will be accounts of
August deterioration of the Rowing
crop. The period to be considered In
the next government report on condi?
tion will end next Friday, and weather
conditions will !.e watched very closely
up to that date. It will be very diffi?
cult to bring about much of a decline
while this condition report is in the |
way.
The demand for si<ot cotton promises
to be better this week, and this will I
undoubtedly result In an increase;'
movejnent to ports, especially to Gal
veston. A netter spot demand will
Intensify the effect of crop deteriora?
tion accounts. At th* same time, the
bear side will endeavor to make capi?
tal out of the larger movement.
IRON AND STEEL REVIEW
New York, August 'JO.?The most In?
teresting development In the steel
trade last week was the increased ac
tivitv In structural ? and fabricated
steel and the larger orders for equip?
ment released by the railroads. Th<:
principal building contracts disposed
of Include 4.000 tons for a hotel In
Philadelphia, 2.000 tons for one in
New York, and 5,300 tons for an In?
surance building in Milwaukee. The
principal bridge orders sccure<] in?
clude 4,900 tons for the Allegheny
bridge at Plusburg; 7,000 tons for the
approaches for the St. Louis bridge,
1.750 tons for the bridge on the Bos?
ton and Maine Railroad, and 1,100 tons
for the Washington Street bridge at
Chicago.
With the numerous small orders
placed, the dispositions for the week
call for about 40.000 tons of fabri?
cated material. In addition, new busi?
ness has developed for about 50.000
tons, mak'ng the total contracts pend?
ing 75.000 tons. Among the principal
contracts for which bids are In are
You Can Never Tell
How long the individual whom you appoint your Ex?
ecutor and Trustee will be able to perform his Trust
duties. If he dies, or for some other cause resigns,
then the court appoints his successor, who might be
the last man upon the face of the earth you would
want to handie your affairs. Besides, two adminis?
trations are costly.
This Company has continuous existence.
If desired, a man may appoint his wife Co-Executor
with this Company, in which event the compensation
allowed by law for settling the estate would be equally
divided.
Virginia Trust Co.
RICHMOND, VA.
Capital One Million Dollars
14.000 tons for the Kansas City ter
inlnul, nml lO.OOO tons for the Kiel?!
Museum In Chicago. Competlton Is
ko??ii. and prices; continue low.
The most Important lullwuy con?
tracts for equipment wore 20,000 tons
of rails for the Oregon Short Line,
10.000 tons ror the Wichita Kails Rail?
way, 4,500 cars and sixty locomotives
for the Erie, 1.200 cafs and twenty
locomotives fot the St. Louis and Kan
Francisco, thirty-five locomotives for
the Pennsylvania Railroad, fifteen en?
gines for the Missouri Pacific, as well
as a number of export orders for rails,
locomotives and track supplies.
Mill and blast furnace operations
were Increased, und greater activity Is
expected this week. A larger amount
of marine work Is pending, which will
require from 3?.000 tons to 50,000 tons
of plates. Pig Iron was also more ac?
tive, contracts placed m all distribut?
ing dlstr'cts . ggregatlng between 90,
000 and 100.ooo tons.
DRY GOODS REVIEW
New York. August "0.?The nearer
approac h of the cotton year tlnds cot?
ton goods traders closer to the prepar.
Iiik or naming lower prices on future'
delivery goods. Buyers have boon mak?
ing* firmer Inquiries during the past
weck, und they are beginning to feel
the need of making provision for their
ordinary requirements In the lute
months nt the expense Of values. The
mill situation is still unsettled, and
the curtailment now under way' in?
cludes some of the largest plains, but
it is expected that soon after the
full holiday there will be a more gen?
eral movement toward revising cloth
prices and naming quotations on j
stapler, for spring delivery,
Kall River sold 130.900 pieces ofi
print cloths lust week at reduced!
prices, for the purpose of cleaning up]
storks, and some sales of drills and
sheetings were put through ut figures
that are not reflected In the open
quotations on the well known brands
The Jobbing trade was more active
during the week. Prices are largely
nominal, and are quoted as follows:
Print cloths, 38 inch (4x64a., 3 6-8.
nominal: 28 Inch 64x60s. 3 7-16; 38 1-2
inch $4x648. 4 1-2 to 4 5-8. Brown
sheetings. Southern standard, S cents;
denims, s ounoe, 13 3-4; ticking, 8
ounce. 13 1-2; standard prints, 6 j-2;
?standard staple ginghams, 7; dress
ginghams, 3 3-4.
Cotton Crop Review.
Memphis. Tenn., August 20.?The
Commercial Appeal weekly cotton crop
review to-morrow win say:
Lack of rainfall Iii the Carolinas,
part of Georgia and In Texas und Wes?
tern Oklahoma gives rise to com?
plaints of shedding of a rather severe
kind, while in all other Stales exces?
sive rainfall Is producing a very rank
growth of stalk. Is retarding the pro?
per setting of new bolls and is rotting
a few already made.
The natural maturity Of the plan!
is ulso being delayed, and the crop will
be exposed to unusual danger from
frost If the rains continue.
Preceding the inauguration of this
drought in the extreme Bast and the
Southwest and heavy rains In the Cen?
tral States, the plant was well fruited
and comparatively early in growth, so
that although the loss has been rath?
er heavy during the past two weeks,
the promise Is still good to fair. On
the bright side, it is also worthy of
note that In many localities showers
have been neither excessive nor scant
and the crop Is extremely good.
Except In Texas and South Carolina,
but little cotton picking has been done.!
und the bolls are opening slowly be?
cause of the continued growth of the
plant due to the rains. The boll wee?
vils in Southern Mississippi and Louis?
iana now appear active enough to stop
all further setting of squares. The
worm damage has not been extensive.
Texas correspondents report that a
good soaking rain "within the next
week will restore much of the loss
and enable the plant to make a late
crop.
PUNS FOR GREAT
CENTRAL HIGHWAY
Surveys for Entire Line to Cross
North Carolina ,Are
Completed.
(Special to The Times-Dispatch 1
Raleigh, N. C. August 20.?State
Geologist Joseph Hyde Pratt says the!
surveys for the entire line of the pro- j
posed great central highway from1
Beaufort and Morehead. the length of
the Stale, to Ashevllle and the Ten?
nessee line, will be completed this
week, and that work Is being pushed j
along very many sections of the road. I
He estimates that about 25 per cent.!
of the highway will be new road
courses for the reason that sections
of the road had to be relocated. lie
has Just completed a trip over the
greater portion of the road from Car
terett county east, and in the Black
Mountain and the Caldwell county sec
lions. A number of monied men and
corporations have obligated thenj
solves to build and donate a number
of one-mile sections of the road
through the west. In several counties
the. convicts are being used for the
work, and prolvate subscriptions are
being used to provide for the mainten?
ance of the road. Muc*. the greater
part of this great highway will be
sand-clay, though there will be con?
siderable stretches of macadam, more
especially jn the Piedmont seotion?
Durham. Alamance and other counties.
Job P. Wyatt, the prominent mer
i ehant who dl *?? from the effect of self
inflicted wounds, razor gashes In his
! throat, made In a moment of de?
pendency due to falling health, left
j a will providing for the' division of
1 Iiis $60.000 estate between his wife
and four children. The estate con?
sists of real estate and his interest
In the Job P. Wyatt & Sons' Company,
farmers' supplies and machinery, for
[ which a new $40.000 home on Wll
\ mlngton Street was under construction
j when he died.
j J&ailvo&ojL ^_
' Chesapeake & Ohio Railway
I 7:40 A.?I.ocal-Dally?Newport News.
. S:S0 A. Local. ?Dally?Ch'vlllo. Ex. Sun. -C
Forge.
I r?:00 A.?Express?Dally?Norfolk. Old Point,
j tl0:00 A^?Local?Dally?Lcbbg, Lex. C. Porge.
I tll:? A.?Mtn. Spl. Ex. Sunday?W. Sulphur.
I ?2:00 P.?Express? Dally?Cln.-L'vllSe.
14:00 P.?Express?Dally?Norfolk. N. News.
6:00 P?Local?Dally?N. Newa, old Point.
6:12 P.?Looa.1?Bx. Sunday?Gordonsvllle.
?5:16 P.?Local?Er. Sunday?Lchbg, Natural
Bridge, Clifton Forge.
?6:35 P.?Limited?Dally?Cincinnati, Chicago,
i ??.1:00 P.?Express?Dally?Cincinnati. L'vllle.
! I'Sloepera. tParlor cars.
(TRAINS AltniVE RICHMOND?Local from
E>at: 3:26 A. M.. 7:50 P. M. Through from
1 Eva i IL? A. M., 6:30 P. of.
Locol from Woat: ??8:80 A- M.. "S:?) A. h.,
?S-L P. M. and ?:*M P. M. Through: 7:00 A.
M\ 5:? P. M.
iamea River Line: ???.35 A. If., <:lt P. m.
I'Daily except Euooay,
Siwmt'?L
JTimntfai
ACTIVE AND INACTIVE ACCOUNTS OF INDIVID?
UALS, FIRMS, CORPORATIONS.
3% interest Paid on Savings
We will appreciate all the business that you send us.
BROAD STREET BANK
?rrrporary
:?0:{ BAST llllOAl) STIMMST.
ry location during construction of our banking house.
Capital, .... $200,000
Surplus and Undivided Profits, 110,000
W. If. Ha nils ton, Pres : J. W. P.othcrt Vlco-Pres.: Jno. G. Walker, 2?
Vice-Pres.: Andren' M. Glover. Cashier.
PERSONAI. AM) HI Sl.\r.ss ACCOUNTS SOLICITED.
With assets of over $1,700.000, every Inducement consistent with good
tanking Is offered to Its customers. 3 per cent, allowed in Savings
Department. Pank Is open till S o*clock Saturday evenings
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.
_?u?roaTJ8u
fiicMonfl, FrederictslJ'e & Potoiac R. R.
TO AND FROM WASHINGTON AND BEYOND.
Leave Richmond
?6.31 i.m. Ujrd St.hu.
?S.im.I. Mala m. Su.
??.(<) AJL Bjrrd St.SU
"7.80 A.M. Miln (i. SU.
?8.40 l.M. Brrd Su Sta.
?I?.U1 noeo Ryrd St. Nta.
jd.OO r.M. Bird 81. su.
it.lt P.M. Elba hUlloo.
?6.16 P.M. Halo Sl Su.
?S.20F.M. BjrdSt. 8U.
Arrive Richmond
?L6U A.M. BrrdSt.KU. j
(11.26 A.M. Elb? HUtloa.
tl A.M. Bjrd 8t.Su,
?1.1* P.M. Main St. 81?.
?2.45 P.M. Bjrd Sl.fcla.
?7.26 r.M. Bjrd hi. Sis.
?8.10 P.M. Bird St.8u.
?9.40 P.B. M?lnt.t. SU.
?11.05 P.M. M.In st.Su.
Mg.fttlplitlitByrdSt.su.
ACCOMMODATION TRAINS?WEEKDAYS
Leere Brrd Si. su. 1.80 P. M. for Krederiekibsrf.
I mte Eibl Su. 7.60 A. H., B.SO P. a. for Asttlsna
Arrive Brrd Rt. Su. A.M. from I'rederlekib'K.
Arrive Elba Sta. 8.30 i.M.,6.30 P.M.from Ashlaod.
?Daily. fWeckdays. {Sundays oaly.
All train* to or from Byrd Street Station
(except trains leaving 5.30 a. m and arriving
is.jo nl^ht) atop at Elba. Time of arrival* an?
dcpa'lurea not guaranteed. Read tk? algal.
SOUTHERN RAILWAY
TRAINS LEAVE BICHMOND.
N. B.?Kollowin? senndul? Og-Jbres publUbad
a* infoi maiion and not guaranteed'
*:10 A U.?Dally?Local for Charlotte. Dur?
ham and Rarelih. 10:46 A. M.?Dally?Limit?
ed? For all polnti Suutb. Drawing Room
lluffit Sleeping Car to Aaheville. N. C. t:?0
P. M. Ex. Sun.?Local for Durham and In
termed.ate station*. ?:0O P. M. Ex. Bun.?
Keytvllle Local. U:4I P. M.? Daily?Limited
?For all polnta South. Pullman ready at 1:11
P. at.
YORK RIVER LINB.
4:10 T. Id. -Ex. Sua.-T. Waat PL. connect?
ing for Baltimore Hon.. Wad. and Frt, 4:04
A. U.--EX. Sun and 2:16 P. lt.?Moa.. Wad.
and Tri ?Local to West Point
TRAINS ARRIVE RICHMOND.
From the South: 1:60 A. Id.. t:06 P. M..
dally; 8:40 A. M. Ex. Sun.; 13:66 Ex. Sun. 1
t:00 P. M. dally. From Waat Points l:M A,
M. Dc.ly: V:3i \. It Wed. and FrL; 4:26 P.
M. !\s, BuLw
a B. D'JP.GEas. D. P. A..
KC id. Main St "Phon? Uadlson 466.
Norfolk and Western Railway J
OXXiV ALL RAIL LINE TO NORFOLK.
Ecbedule In Effect May It, ULL
Lea-, e Byrd Street atatlon, Richmond, FOR |
NORFOLK: bl:10 A. M., "9:00 A. M-. ti.W P.
M. '4:10 P. M . bI:0O P. M.
FOR LINLHB?HO AND THE WEST:
?6:15 A. M . *l?:uC A. M.. ai;00 P. M , ??;!?
P. M.
Arrive Richmond from Norfolk, ^.tl -.40 A.
M bll:?5 A. M.. 't.U P. M.. bl0:2i P. M.,
?ll'-30 P. M. From the Waat: ?6:61 A. AC.,
ai:00 P. M.. bi:li P. M., ?6:06 P. M.. P. M. 1
?Dally. aDally ex. Sunday. bSunday only,
Pullman Parlor and Sleeping Cara. Cef?
Linlns Cars. C. H. BOHLET, I
D. P. A,. Richmond, Vs.
W. B. BEV1LL. O. P. JL. Roanoka. Vs.
Richmond & Petersburg Electric Railway
Car* leave Muuciieater, seventh and Parry
tiiraeia, lur i'eieraburg:
??. 7, >. ??, lu. 11. Mi A. U.. L X ?*. 4, 6.
??. 7. S, ??. 10 P. M.
11:00 P. M. for Cheater, L2:00 midnight for
PeieMblirgc.
Cara leave Peteriburg, foot ?f Sycamora
ntieei, :or Maneheiter:
ti:15. (.li, "7:16, T.U. 8:35. 9:55. ?10:6?, 11:34
I A. M-. 12.36. *1:36. 2:16, 3:35. ?4:35. 6:36, Cia,
; ?7.36. S.?5. 9:35. "10:40, U :44? P. U.
I tDaily except Sunday and holiday*.
I ?Carrier ... -Kage and express.
I "Limited, except Sunday* and holldaya.
I All oars Iron: Peter* jurg connect with
i .... tut Rlcittriond
! RICHMOND AND rilESAfRAKE BAI
1UIL1VAV COMP.iNY.
Schede:? of electric traina to and from
Ashland, atopplng ac Intermediate atatlona
. upon signal: Lv. Richmond (Broad and
j Laurel am.). '6:?, ^lO. S:10b, 9:1?, '?I?;!?,
I M:10 A. M . 1:10. 3:10. 3:10. 4:10b. 6:10. 4:31,
7:10. 8:1G0. 10:10. 11:46 P. M. Lv. Alhland.
1 '6:61. 7b. 6. ?b. 10. "11 A. M.. ?U M., "L
i 2. 3, 4, 6b. ?. 7, 8. ?b, 11 P. kt
j 'Daily oxcept Sunday. "Sunday only.
I bCarrlea haggage.
NORFOLK SOUTHERN
I Lv. Norfolk: '4:66 ?04 Ml a. lt., ?! p. Id.,
, for Eastern CSfoiiua and toe South.
Lv. Raieign: *6:16 A. M.. t? and ?ii:l? P. U..
? lor Eaatc-r.. Carolina and Norfolk.
' Pullman Sleeping Cars between Norfolk,
\ Raleigh; also Ooldaboro and Norfolk.
I ?!'..:? y Ex. Bon.
C. D. LEORANDE, O. A., American Nation*,
Bank. 'Phone Monrue 1631. Richmond
W. W. CROXTON. G. P. A,. Norfolk. V?.
SEABOARD UK UTO.
Southbound train* scheduled to leave Rich?
mond dally: 9:10 A M.? Local to Norllna
1:30 P. M.?Sleepera and coaches, Atlanta,
Birmingham. Savannah. Jacksonville and
Florida polnta. 9:60 P. M.? Sleepers and
coaches, bat aim ah, Jacksonville and Florida
points 11:13 P. M.?Sleepera and coachea, At
lanta, Birmingham, Memphis and tha South
wait Northbound trains scheduled to arrlvd
In Richmond dally: s-.s: A. 61.. 7:23 A. ML.
6:06 " M.. 6:40 P. M.
e&teamlioatiL
"ASK MR. BOWMAN"
I About vacation trips to New York, Ber
' muda. Jamaica. Panama. Niagara, Great
, Lakes, Canada, Boston. Nova Scotia
Iand Now Foundland. Phone Madison
5154.
SAM'l H. IIOWJIAN,
Tonrlat Aeent,
J08 Sast Main Street. Richmond, Va.
Our Policy
Is to provide a prompt, accurate
bankine sen-ice for ail and to com?
bine liberal treatment with due
conservatism. If you think well of
it, we shall be pleased to add your
name to our rapidly growing lux of
depositors.
FIRST
National Bank
RICHMOND, VA.
Capital and Surplus, $2,000,000.
We guarantee that your money
will be safe in the
Manchester National Bank
National Bank of Virginia
Capital, - $1,200,000
Surplus, - $ 600,000
Accounts solicited
Ninth and Main Streets
We Will Buy Warrants
Virginia-Carolina Chemical Com?
pany. Rights to mibfor1.be to new
stock.
Davenport & Co., Bankers,
1113 Bast Main.
Open a checking account and
keep a systematic record of all
business transactions.
Commonwealth Bank
JsMeamboaJ^
Chesapeake Steamship Co.
? Big new ?hips, "City if Norfolk" and
"City of Baltimore."
Equipped with wireless telegraphy. Tele?
phone service throughout tbe ships. State?
rooms en suite, with baths. Prlees from
73c tu 32.50. Excellont meals. Toe
TO BALTIMORE AND THE NORTH VIA
NO'tKOLK A.VD OLD POINT.
Leave Richmond Dally, except Sun., via
N & W. Ry. 3M P. M., Nor?-Ik 6:15 P. M.
C. & O. Ry.. 1.00 P. M. D?oy, Ol? Point
7:15 P. M.
O. D. S. 6. Co. 7:00 P. II. Dally (one cay In
Norfolk).
V?. N'av. Co. 8:30 A. M. (Monalay, Wednes
! day and Friday).
Tickets at all offices. For staterooms
apply to S. B. BUKGESS, D. P. Agent, ?W
East Main Street. Richmond.
OLD DOMINION LINE
Lv. Richmond foot of Aab St. dally.7:Q0 P. M.
Leave f.?wport News.5:00 A. M.
Lrrlve Norfolk.ftlOO A. U.
Connects with main line steamers leaving
Norfolk for New York dally except Sun?ay
7:00 P M. Connections also mado by N. *
W Ry. 3 v. M. and C. A O. Ry. at 4 P. M.
Nil tu Line steamers stop St Claremoat to
tAi.d or receive passengers on signal.
f IK?INIA NAVIGATION CO.?James Rivet
by daylight for Norfolk. Old Point. New?
port Hewn sad all James River landings.
Stiarr.er leaves Monday. Wednesday an?
F.Iday at ?:80 V. M. Freight received for all
James River landings. 'Phone Madison 17s.
Main Ticket Office. SU C UaJn UtroeS.
Baltimore Steam Packet Co*
Equipped with wireless telegraphy.
TO BALTIMORE AND THE NORTH VIA
NORFOLK AND OLD POINT.
Leave Richmond Dally. Including Sunday, Tla
N & W. Ry. ?:00 P. M.. Norfolk e:20 P. M.
C' * O. Ry. 4:00 P. M., Old Point 7:10 P. M
O. D. S. 8. Ce. 7:00 P. M. (on* day la Nor.
'?Va!" Nov. Co. ?:M A. M. (Monday, Wadnu.
day and Friday).
Tickets at all offices. For stateroom* ap
> ply to H. M. BOVKIN, Agent, ?30 Bast Mall
' Street.

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