The times dispatch. [volume], June 17, 1912, Page 8, Image 8

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

Image provided by: Library of Virginia; Richmond, VA

                
FORWARD TENDENCY
IN COTTON MARKET
Week Begins Strong, and From That Time Un?
til Ciose cf Business There Is Good
Undertone of Strength.
New York, June 16.?The week in
cotton began with a Strong market on
Monday, and from that time to tho
close of business yesterday it showed
a good undertone of strength, with an
advancing tendency, marked by a grad?
ually broadening demand for both spots
und futures At tho close of the mar?
ket last night, when prices practically
ended at the highest for the week, the
general option list showed 8 net ad?
vance from last Saturday's closing ot
twenty-six points, with July selling up
to HfiC, August 11.57, September 11.01,
October 11.70 and December ll.Sl.
These prices show a total advance of
fifty-fix's to sixty Points from the low
level reached during the morning of
June 1, when the government's crop
report, containing the first estimate on
the condition of the plants, was an?
nounced. Present prices are now with?
in twenty-five to thirty points of the
season's highest level.
Tor the past two months the market
has been Muctuatlng within a range of
about 11 cents for the getieral option i
list to 119? and 12 cents here. The |
principal reason for the strength of
the past week has been tho unloosening I
of hedge sales In tho old-crop options
in this market and also at Liverpool
by spot ?lealers and the better demand
from the same kind of operators In
spots to fulfil contracts made to spin?
ners' agents for July deliveries, und
also for shipments during that month
from .Southern potts.
1 nfluenctng Trade Features.
Tho scarcity of even running grades
of good white cotton In sufllclent quan?
tities at recent prices to fulfil such
contracts for deliveries on the South?
ern markets has aocelorated this buy?
ing movement. Another potent factor
has been the nervousness, not so much
because of further damago of a seri?
ous character to tho crop, but rather
owl&g to the stunted growth of the
jilants end their failure to moke up fdr
tho average lateness of tho season,
which ranges anywhere from two to
live weeks later than last year. The
backward condition of the crop at this
time, with tho trade having 'n mind
the government's low average condition
of Ts^i. under which the crop started
In thu first report of the Agricultural
Bureau of the season, and the proba- i
bllity that the acreage will turn out j
to be over S per cent, below last year's i
record acreage, gives the crop too blK |
a handicap tor another big y'eld this j
year. Continued uneven distribution
of rainfall, from too much moisture in
the central and eastern parts of the
belt during the last month, and not
enough In Texas and Oklahoma, makes
it very doubtful whether the next gov?
ernment crop report, due to bo an?
nounced about duly 2. will make tho
condition to Juno 25 as good us "5 per
cent
Tho crop promise on June 1. from
the government's condition figures and
tnc private reports on tho reauction
In the acreage, did not then indicate a
better situation and outlook than for a
probable crop of 13.500.0uo to 14.000.0v0
bales, and that situation has not since
been Improved upon. Therefore. som<
apprehension of deterioration )n the
condition of tho plants will soon de?
velop, unless Texas. Oklahoma and Ar
j Kansas soon receive generous rains.
Ulear weather must also develop in the
eastern and central parts ot the bell,
sun Largely n Weather Market,
in view of the present uncertainty
of the weather, the market will con?
tinue to be dominated largely by the
kind of weather which Is reported from
day to day, especially with regard to
the rains needed In the West. If those i
States are visited with general heavy |
rains, and clear weather prevails in
Georgia, Alabama and Mississippi the j
coining week, a bull movement for any !
extensive rise from present prices would I
be difficult to sustain after the demand |
from spot dealers and exports for tho!
balance of this mouth and tlie llrst
half of the July shipment has been sat?
isfied. A rise to 12 coins without dis?
astrous weather to create n crop scare I
would make the price of tho staple
again look high.
The next government crop report,
which will be announced about July 2,
besides giving tho average condition
of the crop to June 25, will contain the
first ofilclal estimate on the acreage ot"
the crop planted this year. The Agri?
cultural Bureau's revised estimate of I
last year's acreage made the total i
36,681,000 acres, which was by far the
largest on record. A reduction from !
this of 7% per cent. Is what the trade |
!s looking for in the coming report, j
That would stM leave the acreage lor >
this season's new crop about 33,600,000 i
aores, which would still bo the second j
.argest ever planted. Not all the land j
In tho overtlowed districts In Louisiana"
along the Mississippi River will be j
planted this year, and the crop In other |
sections of the belt was put In more j
hurriedly and with less preparation
than for some years past, on account of
the bad weather which prevailed j
throughout April and most of May.
This, with the uneven distribution of
rain, In another handicap against a j
large crop. In addition to the low aver - j
bge condition of the plants and the I
Jatenoss of the season.
DRIFT IS DOWNWARD
IN DOMESTIC WHEAT
Demand Is Devoid of Spirit, and With Offerings
Fairly Large Prices Gradually Sagged. ?
Com Is kktsier.
New York, June 16.?There was a
downward drift In domestic wheat
markets early in the week. Most of,
the time demand wus devoid of spir?
it, and, with offerings fairly large,!
prices gradually sagged. .Selling was!
largely prompted by weakness In July |
contracts in Chicago, .id it was tho:
market's impression that large hold- '
era at that centre were unloading July:
und replacing contracts with Septem- j
ber or December. Subsequently, the
anxiety to sell was attributed largely
to reports ot" improved crop prospects
in the Southwest, owing to beneficial
rains over a wldo area.
for a short time a material decline
was checked by the continued light i
primary receipts and further mod-1
erately large withdrawals into con-1
Bumptlve channels, both domestic undi
foreign, and as a result available sup- '
plies were, appreciably reduced, the!
world's available showing a reduc
tidn of 8,087,600 bushels, against 6.- '
&&4.000 ^brushels a year ago. The
downward* drift was also arrested tem?
porarily by ? the unfavorable monthly
report of the Department of Agri?
culture, which showed a decrease in
winter-wheat condition Of ovur ? per
cent., whereas Utile, If any, reduction
was expected. Indeed, many sellers
for the decline had even expected a
small Improvment. Moreover, tue
Bprlng-wheat loss in area was a source
ot surprise ?ni aisappolntment to
nearly all conservative merchants,
who had supposed that n Slight in?
duction in North Dakota would be
largely conterbalanced by increases in.
South Dakor.t and Minnesota. Bear
traders-, howetf? r, found some comfort
in the so-called high condition, 95.S,
ngathsi !>4.6 a year ago.
Whether in the grain belt of the
Southwest since the crop reporters'
statements were sent m has been <ie
cldely unfavorable. being too dry
and hoi. and hence it is believed that
- U;e winter-wheat yield win nut
iood ami nr. u.
bushels winter wheat. If we have
only 3i0.000.000 bushels of winter and
USO.OOOjOOQ of spring, we will iiuvo
only a total of 660,000,000 bushels;
which is slightly billow our estimat?
ed home requirements,
f.ate In the wetiK prices fell to a
niii lower plane, a.-- there was a scar
city of buying orders, while Boilers
were far more numerous, 'i inwas.
In Short, a dec-id. 1 growth and spread
of bearish sentiment, which v.is main?
ly based on report*, of better pro?
spects West <,i the MISSISSIPPI, V lie i e
the crop has been greatly I nellu ?
by moderat? or copious rains oVel a
v.ids area. Where moisture was great?
ly needed. Selling was also stimu?
lated partly by reports t':.it harvest?
ing was making excellent progress In
Oklahoma, with satisfactory results-,
both as to qusnlliy and quality.
Therefore, sellers for the decline were
predicting receipts of new wnat It
Ch'cago at an early date h t conserva?
tive dealers Wer? decidedly skeptical,
c ntending that v inter wheat mill?
ers will be eaKe: to pcuro n?*w wheel
as soon as it becomes available, be?
cause it has becomi difficult, if ndi
impossible, to secure prime wheat ir
regular territory.
A number of nulls throughout tn<
OPEN AN ACCOUNT WITH
THE UNION BANK
OF RICHMOND.
1107 EAST MAIN STREET.
?1.00 MAKES A START. S PEII
CENT. INTEILEST.
. .. .
West have been compelled to shut
down becalic nf the groat scarcity, j
Naturally, keeping nulls shut down
Is ii losing game, and consequently
new wheat will be wanted as soon
us it can be threshed. The down?
ward tendency was checked tempor?
arily by continued light primary re
celpta and further abundant ship?
ments into consumptive chanels. both
domestic and foreign, and tnorei'ore
it is believed tbat the visible sup?
ply statement to be issued on Mon?
day will siiow another big reduction.
Bearlshness was also caused partly
by favorable reports regarding the
spring wheat crop, both In our own
territory and In Canada. . omo con?
servative and experienced dealers
feel decidely encouraged respsetlng
the prospective production of sPrln'-;
Wheat, They believe in the "law of
averages"; that after two compara?
tively poor seasons it is reasonable
to suppose that nature will com- j
pensate for short-comings by giving
us an abundant production. Export?
ers have been unable to accomplish
anything In native wheat, owing to
its great scarcity and high cost, but
they have been able to contract for
moderate quantities of Manitoba to'
arrive, because of the tower rates ac?
cepted for ocean freight-room.
Corn was inactive, wlt.t narrow
fluctuations most of the time early
In the week, although tr.ere was n
gradual tendency to weakness toward
the end. The comparative steadiness
. at the outset was nttr.?uted largely
to the backwardness of tile crop,
which has made decidedly slow grown)
because the temperature has been too
. low in many parts of the belt. Sub?
sequently, however, there was a more
hopeful feeling as the weather became
warmer, which led to greater selling
prcsure. The willingness to sell was
also partly traceable to fairly heavy
receipts at primary points It is be?
lieved that farmers will be willing
jeiiwrie-s to country
as summer wealhi r
>wh:it weaker, owing
?te crop reports, a no
Inlhly report of the
Department en Agriculture, which
placed the condition at 91;1, with ft
decidedly larger area. which was
placed at 3).S44.O0? acres, suggestuii
a crop of 1,018,279,000 uuartcla, or over
140,000,000 bushels more than a year
ago.
The)' Believe Virginians in Dele?
gation Will Vote for
Roosevelt.
SOME "INSIDE" INFORMATION
Told of Deal Between Ah ah
Martin and Senator
Dixon.
Times-Dispatch Bureau.
5 Bolllngbmok strict,
(Phono 14S5),
Petersburg, Va., June 16.
Although the twenty contesting
^delegates tixmi Virginia, /Instructed
lor Koosevelt have been thrown out
by tho national committee, the Roose- j
velt faction of tho Republican party1
here, ii not cast down, on the con-i
trary, tho lenders are very much
cheered by the secret information
telegraphed by their representative.
Dr. j. ?. Halllgan. of Brunswick coun?
ty, who has been on tho gro.t:nd In.
Chicago for the past ten days'closely:
watching events. Dr. Halllgan sent
word yesterday to State chairman;
Jc-ssc Newcomb, of the Koosevelt fac-]
tion. that eighteen of the Taft dele-;
gutes trom Virginia would vote for
Koosevelt on tho llrst ballot, this re?
sult following an alleged "deal" be
tween Alvah Martin, national com- ;
mittceman, and senator Dixon. the'
Roosevelt manager. There has been
rumored for some time that some of;
the Taft delegates from Virginia
would "flop'" to Roosevelt.
Contrue'ts for Xcw Buildings.
E. C. Alley & Co., wholesale grocers
and candy manufacturers, has award?
ed to G. B. Keeler &. Son, the contract
for the erection of a large brick build?
ing on South Union Street for the
rcmpany's occupancy next fall. This
new building will be of brick, three
stories high, with a frontage of forty
feet and a depth of 15? feet. The first
lloor will be used for ofhees and ship?
ping purposes: the second floor and
basement for storage, and the third
lloor for manufacturing.
The wholesale business of the city]
It being gradually transferred from!
sycamore Street to other locations;
h.cving better shipping facilities, until
now Sycamore Street is occupied al?
most solely by the- retail trade.
Contracts for the erection of two
immense factory buildings by the'
Bjrltlsh-American Tobacco Company,
?n the property on Lawrence and
ferry Streets, recently purchased, will'
soon be given out.
Mr. and Mrs. John S. Jones have ac?
cepted plans for a handsome dwelling
o be erected this summer on West
>ver Avenue, In the Walnut Hill su-j
?>urb.
BOMebnll Sltuntton.
It Is reported that President Bo.tt- !
ivrlghl may not call the league moat- !
ng for the division of the new play- ;
ng schedule as requested by the Pet?
ersburg club, but that he will nko
'.he mutter up with Petersburg, witn
Lhe expectation that a satisfactory re -
irrangement can be made without the
necessity of culling a meeting. On
this mutter It Is expected that he will
be heard from to-morrow.
Girl Broke Arm.
Gertrude, tho eight-year-olel daugn
ter of Mr. and Mrs. G. W. Short, re?
siding on Hinton Street, while play
Ing in the yard of some neighboring
rie-nds early lust night, stumbled and
fell and sustained ihe fractHire ot
>ne of her nrms. She received im?
mediate attention.
Police Officer Suspended,
At a meeting of the Police Com
missioners yesterday Bicycle Officer
liubbard was suspended, for the rea?
son. It is said, of his refusal, us di?
rected, to assist in the service of
log-catching in the city; that is, in
accompanying and protecting the dog
catchers while at work. Further
hearing will be- given. Officer Hub
bard have been on the force for munV
years, and has made a faithful and
capable man.
Double-Tracking Road.
Porres are engaged at two points
between this city and Lynchburg in
double-tracking the Norfolk and West?
ern Railway. Eventually, it is under?
stood, the double tracks will be con-,
linued to Norfolk.
It is pretty well understood that
a branch of tho Norfolk and Western
repair shops will be established In
Dinwlddle county, very near this
city.
News Notes In llrlef, j
The Petersburg Savings and Instir
ance Company has declared a quarter-j
ly dividend of 4 I-'J per cent, upon Its
capital stock, payable July 1st.
A joint meeting of the Board or
Aldermen and Common Council Will
be cailej fe.r some day the latter part
of this month, for the purpose of
electing a police commissioner to sue
cees Captain William A. B"iid. whose
term expires on July 1. Captain
Bond is a candidate for re-election,
but he Is te> have stronr-s opposition.
The head of the supposed mad
dog, killed on Saturday, have been
sent to Washington for examination.
Meantime, the several hor.??-s bitten
by the animal aiv under special "hos?
pital" treatment,
The King's Daughters district
nurse reports having ? de 1SS visits
during the past month, and to have
administered to many sick and needy
persons.
Cotton GooiIm Review.
New York. , June 16.?A Broadening
deir.and for print cloths and conver
MARKET PROMISES
TO BE INTERESTING
New Orleans, La., June 16.?The cot
j ton market this week promised Inter- '
estl ig development.-, especially along ;
thi line 01 marketing the remnants of j
last season's en.p. Hulls have rd- i
? ?!.tl\ tfikeii the aggressive, and the.
amount "t cotton'that has been accu- ;
. initiated bj theli purchases In the |
'future markets makes it Impernticu
thiit tltey continue their aggress'vu .
one rat i >ns ;i.i.s week. The bituat'on It. '
i such thut It is I'kely the futures mar- <
j ket will .i.i rctlect fully us much at- 1
ItetUlon as Weather and crop hews, nr.- J
! less the latter should develop ttensa- 4
llonal features one way or another..
The July position win be watched]
.. iselj this week for. as that delivery
draws he . !t Is evident that It ?? the .'
I centre of bullish operations that way, |
unless sti.ir.c influences arise to j
? hi k thorn extend over a cOnsldernbio ;
nerIod of time.
ThU week Will practically e.nd the
period to be considered Ip the second
'report,of the season oh condition. Both
report .u>d the postponed report
Ion acreage will be issued Jijy 3. Fore
*
casts of both reports ere likely to be ;
made this week> and they may Influ- :
ehce trudlng to some extent. althouKh i
the chief private crop reporting bureau
reports will not be made until next
week.
in connection with conditions in the
i) ? he trade will give most weight
t- -.1108 from Texas, Georgia und ;
1 rollnas. In Texas and portions
(? ihoma ruin is needed, and the
<>f this want will have a ton- '
to work .gainst the price of
Iw crop: continued dry weather
timulate purchases. In the Al?
ls dry weather needed, and any
y /moisture will help the hulls con
eTiJera^U-. '
? The technical nositlon >.f the market
will hegin tu cause Iho trade some
anxiety this WoeV, especially If tr.
rlSi is continued. I
......uly bears have claimed the mar- j
ket is becoming tophcavy find over- i
bought, and any indications this week
that this is true willaresult in short
selling on expectations of a reaction
from the long-continued advance
Statement Made By
An Old Soldier
Civil War Veteran Is Quite En?
thusiastic Over His Experience
One sensational statement after an?
other is being made in connection with
"Tona Vita," the nt w tonic that is accom?
plishing such remarkable results in Rich?
mond. Mr. Maurice M. Woodburv, of
Xo. 2912 Midlothian Street, had this to
say recently:
"For a number c! years 1 suffered with
acute indigestion, was nervous and was
very much run down physically. I had
great trouble with insomnia. I tried
'Tona Vita' and gol almost immediate
beneficial results. I am an old Civil War
veteran, and this testimonial is given with
the hope that it will influence some other
person suffering as I did to try 'Tona
Vita.' und I am sir-' they will obtain the
same results I did
"Tona Vita" is now being introduced
in Richmond by specialists, who can be
found each dav between the hours of 9
A. M. and 8 P. I at the Polk Miller
Drug Company, .V 33-i East Main Street.
"A tired, dragging feeling of the body,
a sluggish mind ami dull memory, degres?
sion ol spirits, nervousness, stomach trou?
bles, weak back, cold feet, headaches and
bowel troubles arc among the numerous
Symptoms of a condition from which
thousands arc suffering here in Rich
mond," said one "f these specialists re?
cently, "This nervous, debilitated con-;
dition," continued he, "is more common
in the large cities on account of the tcr- 1
rilic strain of nn dcrn life. Experience
has taught us that 95 per cent, of all
chronic ill health is caused by this con?
dition. Stomach trouble, constipation,
kidney and liver troubles, bad blood, ner?
vousness, headach''. dizziness and even
rheumatism can be traced to nervous de?
bility.
" 'Tona Vita' will remove this condi?
tion. Thousands arc now using our medi?
cine in Richmond, and in each and even,'
case the results arc surprising. We are
receiving scores of testimonials from those
who have been benefited by the tonic.
These testimonial come from men and
women of unquestioned honesty and in?
tegrity, who feel grateful as a result of
having found a permanent source of
benefit.
"While wc are meeting callers each day,
and hundreds of debilitated people ate
regaining their health through our medi?
cine, there arc thousands more whom we
want to reach before We leave. If all the
men and women who arc struggling along I
depressed in mind ami body by nervous!
debility, unable to get any real enjoyment \
out of living, would only take the trouble
and time to come in and talk to us, we
would bring a tremendous amount of
happiness to the residents of this city.
There is little real pleasure in life for an
individual who feeli i ontinually worn out.
Positively the very iir-l dose of our tonic
benefits a man or woman in this condi?
tion."
tibles contribute.', toward making a
fairly active week in the cotton goods
trading.
Of the three hundred thousand
pieces of print ..loths sold at Kali
River, about 00 000 were for spot
shipment, the balance contracts ex?
tending into September.
Prices ruled about as follows: Frlnt
cloths. 28-lnch, 64x64s, J 15-16 cents:
64x00s, 3 3-4 cents, 3s 1-2 Inches.
64x64s, 6 cents to 5 1-S cents; brown
sheetings, Southern standard, 7 3-4
and S cents; denims, 1? ounce, 13 1-4
cents; tickings, s ounce. 13 cents;
Standard s-.aple prints. B 1-i cents;
standard staple ginghams. 6 l-l
cents, dress ginghams, U 1-4 cents.
Delegates Leave for Chicago.
[ripecal t.. The Times-Dispatch, j
Durham. N. C, June 16.?Postmaster
.1. a. Giles. j. B. Mason and R. H. Rigs
bee left yesterday evening for Chi?
cago, where they will attend the Na?
tional Republican Convention. Messrs.
Mason and Ulgsbee are ardent Roose
ve-nt supporters, while Mr. Giles is
eupposed to i.. for Mr. Taft, though
the postmaster, in the county Repub?
lican Convention, was extremely neu
t-.al. a partisan light has been going
on In the Republican party in this
bounty. With the Roosevelt faction
dominating. With the three men
named, R. Gr. gg Cherry and Mr. T'-m
pleton, two - duales of Trinity Col?
lege, will con pose the Durham delega?
tion to th.- onventlon.
ROAD CONNECTS
CAROLINA CITIES
Autoists of Asheville and Char?
lotte Celebrate Completion
of Highway.
(Special to Tho Tlmes-Dlspatch.]
Asheville. N. C. Juno 16.?As a cele?
bration of the completion of the road
which'connects Ashcvlllo and Charlotte,
a large number of thu automooiltsts of
these two cities, as well as other places
which are traversed by tho road, held a
"jolllttcatlon meeting" at Rutherfordton
Saturday. Tho meeting "as largely
attonded and was a great success.
Short speeches were made by .Solomon
Gallert, of Rutherlordton; Locke
I Craig and Judge Jeter C. Prltchard. of
I this city; State Geologist Joseph llydo
j Pratt, George Stephens, of Charlotte,'
an<l others. The people of Rutherford?
ton entertained their visitors In great
style, and dinner was berved by the
Board of Trade of that place.
For the past two weeks the City
Hen Ith Department has been engaged In
making tuberculin tests of all eattlu
which furnish milk In this city The
dairy cattle were examined during thu
winter, and after that work was com?
pleted tho members of the Buncombe
County Dairymen's Association request?
ed tho Board of Hoalth to have all cat?
tle within tho city limits subjected to
the same tests which apply to their
cows. The request was granted, an.l
approximately HOO owners of cattle tie
Asheviii,. presented their cows for c.\- ;
animation.
Tho final exercises of the Nurses' j
Training School of the Mission Hospital ?
were held Wednesday evening, when I
tho rnombers of the graduating class.
Who havo been students at tho school
for the past three years, wore presented
with their diplomas and pins. Tho '
awards were made by Dr. M. H. Fletch?
er, ohlof of Ftaff ot the hospital, and
the address to the nurses was made by
Dr. George T. Winston, former presi?
dent of tho North Carolina College oC
Agriculture and Mechanical Arts. Judge
Philip C. Cocko spoke In behalf of the
city to the members of tho graduating |
class.
Tho stockholders of tho Asheville
School for Girls have let tho contract j
lor an addition to the building, wnlch
will be constructed at a cost of 120.000, I
and work on tho new structure will be ]
commenced at once. The building will j
be made of brick and stone, will be
three stories high and will he modern
In every particular. The tirs:t ll'.or will |
be arranged for classrooms, the sec?
ond will be given over to rooms for
students, and the third will be used for
a dining-room and kltch?n. The class?
rooms: will bo equipped with modern
apparatus, and all of the rooms will be
furnished handsomely. The building
will be heated by steam and lighted
with electricity.
The Board of Aldermen of this city
has authorized an election for a bond
issue of 160,000 for permanent school
improvements The election will be
held November 5, at the time of the
general election. The city of Athevllls
has a compulsory education law, and
all children between the ages of eight
nnd sixteen are required to attend
school. The school board has found
i that the present buildings are not large
! enough for taking care of the large
number of city school children, and it
is in the hope of relieving the situation
that the election Will be held. The
last Fesslon of the Legislature author?
ized tho Aldermen to call the loctloh,
The thirty-third annual meeting of
Recent Marriages.
. (Special to The Tlmes-Dlspatch.)
I Hearthsville, v.l., lune 16,?M;ss
Mattle Hansom and Lopau Lewis were
married a: Kaulswcod very quietly
! yesterday by Rev. C. II. Fielding.
i W. A. Smilh and Miss Cary Bartlett.
both of near Hillcnneck, were mar?
ried Thursday at the nome of W. C.
] Smith.
Clarence A. Carter, of Wicoiv.ico
I Church, and Miss Louise F. Savage
I were married in Baltimore yesterday.
Miss Mary Whiltaker, of Lancaster,
and Hugh B. Waden, of Middlesex,
! were married Friday n.crnlng at tho
i home e>f the bride's brothcr-ln-law,
1 WTllard Tllm<iro Thomas, of Lancaster,
I Rev. R. N. Hartness performing the
i ci remony. After an informal reccp
? Hon. the bride and groom took the
boat for Baltimore. They will make
. their home In Middlesex.
Mrs. S. B. Monzlngo. Farnhsm, Vs.,
has announced the approaching mar?
riage of her daughter, Miss Irene
Elizabeth, to Ulysses C. Hazzard, of
Therls, to take place at the home of
the bride. June 10.
MARKET PAUSES TO
CONSIDER POLITICS
New York. .June- 16.?The dullness .
and vaccination of the price movement j
In the stock market lust week reflect
ed the uppn :;sion of participants In ',
the dealing* .- .ch as is usual between j
periods of speculative activity. Con-j
slderatlon* ? .olitics and of the attl- I
tude Of publl authorities and public!
sentiment towards financial affairs
emerged Into greater prominence. The
sessions of ? congress'onal commit?
tee Inquiry ? ? the banking situation !
were n stlrr ting factor, especially
the call ":. to k Exchange members, j
.Which seemed to indicate a purpose
. to it arn Inil ?. details Of the market
movements, which may even yet be
in progress.
The dissatisfaction of borrowers ;
with prevailing conditions Is shown
In the fresh resort to short-time Issues
In the form of temporary notes instead
of bonds of a longer maturity.
The government report on grains
last week had an effect of depression.
The low condition of winter wheat,
diminished acreage of spring wheat,
the likelihood of contraction in cot- j
ton acreage, and delay In corn-plant
ing, however, leave hope- unimpaired
of ol'fsett'ng advantages in later con- :
elttlons and in other crops-.
have ,i trangc aversion to writing their will?. We talker'
with ' in of them Saturday. He is going to do it. he says,
just ,ii as he closes a real estate deal, and intends to
mak( Company his Executor and Trustee.
Two instances come to mind, as we write this, where the
partic.- INTENDED to Jo the same thing, hut they were
suddenly vailed.
THE SAFEST EXECUTOR,
RICHMOND, VA.
Capital, One Million
financial. iFtnaneial
In order to succeed one should have a fixed purpose, and
keep at it through thick and thin.
Fixed Purpose + Persistence = Success
For financial success your fixed purpose should be to de?
posit regularly in the Savings Department of this strong bank.
Persist in your determination through thick and thin.
FIRST NATIONAL BANK,
1104 East Main.
CAPITAL AND SURPLUS, $2,000,000.
3 PER CENT. ON SAVINGS.
BANK OF COMMERCE
AND TRUSTS
Capital and Surplus, $350,000.00.
Solicits Your Business, Personal and Savings Accounts.
3% INTEREST ALLOWED
Loans on Real Estate and Approved Collateral.
Depository for the State of Virginia and City of Richmond.
JOSEPH E. WILLARD.:.President
A. R. HOLLADAY.Vice-President
R. M. KENT, Jr.Vice-President
R. B. CAMPBELL.Cashier
MERCHANTS WILL
MEET AT RALEIGH
Annual Convention of No?-th j
Carolina Association?Other
News.
[Special to The, Times-Dispatch. ]
Raleigh, N. C. June 16.?Tuekday
morning the unnual convonl'on of the
North Curollna Merchants' Association
will meet In Itale'gh. and the mcr
ihants of this city arc making prepa- j
rations for the entertainment of the I
visitinn merchants. Rale'Kh has both i
the president and the secretary of the :
.-"t?te association?E. E. Broughton
being president and 13. L. Harris, sec?
retary. Special committees have been
named to look after reception, barbe?
cue, automobiles and a variety of
other means of giving the \isltors the i
time of their lives.
There will be addresses of welcome
by Mayor James I, Johnson and Presi?
dent J. B. 1'lerce. of the local Mer
chants' Assuclation. and response by
It O. Everett, of Durham. There will I
also be an address by Hon. E. J. Jus- 1
tlce, of Greensboro, on "Tranaporta- j
lion and Business Laws." There will
be executive sessions on Wednesday
for transacting the real business ot ?
the convention. At an open session
on Wednesday night there will be an J
address by Ed'tor Norman U. Johnson,
of the Merchants' Journal, on "The ;
Strength and Weakness oi the Associa- i
t'on." Leon Williams, of New Bern. ?
and E. H. Munson, Wilmington, will J
tell of local benefits of merchants' as- |
sociations. and there will be Important .
i ? ports from standing committees?
the legislative committee through Dr.
Charles Dee .Smith, or Raleigh; Fi- '
nance, through D. M. Jones. Elizabeth i
city; transportation, through J. N. Mc- |
Cagsland, charlotte, insurance, through
Archibald Nochola, Ashevllle; arb'tra- ;
Hon. through Frank re. Brown. of ;
Salisbury. The association will be in
session until Thursday evening. 1
Stockholders in the Jefferson Stand- i
ard Life Insurance Company have Just j
received official notlc.a for a special
meeting of the stockholders in this i
c'ty June 21 for the special purpose '
of finally settl'ng the question of !
changing the locution of "the home
office of the company, this question !
of change of home office having been
sprung at the meeting last Friday, j
when the proposition to merge with
the Grcer.sboro Life was finally kil'.ed. j
At the meet'ng June 21 there Is also I
to be taken up the matter of filling va- j
cancles on the board of directors, and
thereafter a general reorgan'z-atlon of
the comoanv is exnected.
The Judges of the North Carolina
Supreme Court have served notice on
the State Building Commission that
has in hand the erection of the. quarter
million dollar f'reprpof bulling at the.
head <>f Faye.ttevllle street, that If the
court is not allotted more, room in
the new building the court will not
move from Its present quarters. The
courtroom, library, rooms for the jus?
tices, clerk of the court and attorney
general constitute the principal fea?
tures of the third and fourth floors of I
tile new building, as It Is being con?
structed. But the judges claim that i
in order to crowd the Departments of
Educat'on and Insurance on these
floors also the court's quarters are
heintr made Inadequate; that there Is
no law to force them to occupy the
new '|uarters If not adequate, and un?
less something is done to give the
"ourt the room required the quarters
In the old building will be rcta'ned.
in spll . of the dangerous menace of
t)re that the old building has. Chair?
man Ashley Home's trip to Raleigh
yesterday, the first since his desperate
illness, was in hopes of getting an ,
adjtltment of the difficulty by, the com- /
mission, but absence of some of the |
commissioners prevented action, and
the matter goes over 'until some timo
in October.
Itlehniond People at lluekroe lien eh.
[Special to The Times-Dispatch.1 j
Hampton, Va., June 16.?Although
the season at Buekroe' Bc-ach was only1
opened a week ago. the indlca
tkns aro that the Peninsula's most'
favorite resort Is going to have the
largest season In Us history this year.
Reservations at the hotel already out
! number any previous season and the
1 cottagers are claiming that the sum?
mer month.* will lind them unable to
care for the crowds who will come to
seek the breezes of Chesapeake Bay
and avoid the heat of the cltios. Rich?
mond people are especially fond of
Buckroe, and the w??k-end trios ar
Shakespere
Said:
"A Good Name is
a Jewel,"
or words to that ??ffVjCt.
We have won an enviable name
In the commercial world of Rich?
mond?a ntmg standing for
Strength,
Security
and
Conservatism
the ;-.rec cardinal factors of a
financial :.-i.-s!tutlon.
Open an account with
RICHMOND'S
STRICTLY
COMMERCIAL
BANK
Capital . (Lnoo.ono.no
Siirplim nnil prolltH. .gl,400,000.00
Three p*r cent. Interest, com?
pounded seml-annually paid in
Savings Department
PLANTERS
NATIONAL
BANK
RICHMOND, VA.
Send for information regard?
ing our Fireproof Storage Com?
partments for the safekeeping of
valuables during the summer.
Lay the foundation for futur9
independence by opening a saving
account.
Manchester National Bank
National Bank of Virginia
Capital .$1,200,000
Surplus Profits. .$ 700,000
Account solicited.
Ninth and Main Streets.
Our deposits increased thirty-five
per cent, during the past twelve
months.
Commonwealth Bank
ranged for the season will offer thi
capital city folks a delightful Satur?
day and Sun?ay outing.
Riehmondcrs registering at the. hotel
the past week were: Colonel and Mrs.
George Wayno Anderson, Miss Cary
Anderson. Mrs. O. G. Morgan. O. P,
Morgan. George D. Morgan. Mrs. Ran
dtlph Watklns. Mrs. R. T. Arlington,
Mrs. Ilnrwood. S. W. Topklns, Mrs. A.
H. Thiermann. Dr. Charles R. Robins
and family. William C. Crawford, Mrs,
Murray M. McGuire. Andrew G>.
Briggs, Lawrence Ingram, S. C. Berke?
ley. Miss R. S. Hobson, Mrs. \V. A,
1'rentiss. William Thompson. Clara
O'Brien. Mrs. S. Woodward, B. H.
Walker. .1. H. Bradley. J. M. Sullivan,
Hugh R. Lewis. J. C. West, H. H. New.
J. F. W. Curtis. Miss Cary Curtis, Jos?
eph R. Curtis.
The Valentine Museum
ELdCVI?N'm AND CLAV STKUKTS.
Open dally from 10 A. M. to L I?, M.
AflmUaintv SSn. Free OC Saturday*