davidaulloa/AmericanStories huggingface dataset:
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-08-15
ADVANCE FOLLOWS
EARLY WEAKNESS
Encouraging Gables and Larger Export Buying
the Chief lnfluences-Cor Higher in
Unsatisfactory Weather.

HE New York, August 14.--1nactivity and
narrowness governed domestic wheat
markets early in the week. Much OF
the time traders were not inclined Ia
take positive stand on either side,
and consequently fluctuations were de-
cidedly small. There was sAgging
tendency, due to fairly large receipts
at primary points and an unexpected
addition to the worlds available sup
4 ply of 1,273,000 bushels, whereas year
ago there was a decrease of 2,SS1,000
bushels. The worlds shipments for
the week were larger than expected,
and as a result there was a fairly heavy
increase in the quantity on passage.
Probably the most influential incen-
4 tive, however, was the favorable month";
~ report OF the Department OF Agri-
culture, which showed heavier In
crease in the winter wheat yield than
anticipated and gain Of about 10,-
100000 bushels in the estimated spring
wheat production. This was a source
of surprise, as nearly all conservative
merchants had not thought that such
an increase could have taken place,
In view OF the great drought and ex-
4cessive heat in July. The fairly salts
factory total of winter wheat, ASS, 00o,-
600 bushels, confirms reports circulated
during July that the yield III many
places was exceeding estimates; but
even so, few dealers had hoped for
over 450,0O0.000 bushels. The trade
will be highly gratifed If tho spring
wheat yield turns out to be $4,000, OOVs
bushels. as suggested. as 1t is realized
that there Will be an excellent oppor-
tunity for good export business; pro-
Hided we have any eXportable surplus.
The indicated grand total OF 65T,6SS,oJ0
bushels is 50,0o0,000 bushels too low
to warrant much hope for general ac-
tivity In the export line, because the
country will need more than 6o0s6O0Oo0
bushels for seed and domestic consump-
lion. Reserves OF old wheat carried
over may be drawn on to some extent,
but in view Of our large population II
Is unlikely that this will be reduced.
Foreign Markets Check Decline.
The downward trend was arrested By
encouraging cables, especially from
Antwerp and Paris. AT the latter mar
ket prices advanced sharply, owing to
further unfavorable reports respecting
4 the French crop, which is turning outl
badly, the yield being estimated at
Ionly 250,000,000 bushels or, roundly,
100000 900 bushels less than last year.
This will probably make 1t necessary
ito import between 40,O00.000 and 50,-
100000 bushels, and hence it is thought
likely that the French government will
either reduce the import duty or elm
Innate 1t wholly. Anticipating such an
outcome, shippers have. it is said, made
contracts during the week for some
thing like 100000 bushels of red for
forward shipments from Southern
spoints. This wheat is looked upon as
cheap in any event as compared with
hard varieties. Bear spectators have
made much out Of the so-called large
receipts. especially in the Northwest,
ignoring the fact that the movement
embraced fairly large quantities of hard
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-08-15

and heavy precipitation, but this hope
!, has not been realized. It Is believed
that favorable weather from now on
would give Texas at least a fair sized
crop of cotton. but conservative ideas
as to the outcome of the crop under
best conditions are now Indicating a
crop of 100000 bales maximum. For
the cotton territory outside of Texas
much more optimistic view Is taken.
The southern and central parts OF
Texas are being watched With great
deal of interest, for 1t Is in that coun-a
try that general rains would be most
welcome and of large benefit to the
crop. -
A note Of dissent from the run of
pessimistic news on Texas conditions
is heard In the idea, as expressed by
some cotton people, that, admitting
that the drought seriously affects one
third of the Texas crop, the balance
of the belt. or 90 per cent. of the
total. has greatly improved since the
last bI<eau report. Thus it is argued
that, allowing 10 points deterioration
for Texas and points Improvement
elsewhere. the next bureau report
would be around 10, against SO last
year, 10 year before last, when the
crop was practically 100000 bales,
aid 70 for the ten-year average.
In this connection 1t may be well to
note that the Giles report, which will
be due in few days. Is expected to
show an Improvement for the half
month, and 1t is believed that the sec,
ton of Texas receiving showers has
improved materially since the showers
began.
Liverpool's View OF the Market.
There are certain cotton people in.
Liverpool who seem to think that the
uplift has gone far enough, and there
fore that 1t would not be advisable to
follow the advance further. Hence re-
actions are looked for in that quarter.
This opinion is based in part on the
idea that unfavorable crop accounts
have been discounted and that Man
| chester advices are not altogether fa-
vorable, some calling them distinctly
unfavorable, On the other hand, some
advices received by cable Friday indi-
Gated good conditions at Manchester.
! The bearing Of the dry goods situa-
| ton on the cotton market seems to be
rather helpful, Print cloths arc lower,
but taking the dry goods market as a
| whole, there seems to be healthy
tone with indications of we'll sustained
prices. A very large number of buyers
are in the city from all parts of the
country. 1t is admitted that holding
to high prices may check business but
| 1T Is believed that the process of re-
adjustment has been advanced to a
point where the manufacturers can see
a small profit, even with the high cost
| OF raw materials. This, 1t Is claimed,
would mean more ready buying Of cot
/ ton by mills.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-08-15

immediate factors OF weather condi.
tons We're favorable to some improve.
inent on the averages contained In the
the government report, thus adding ID
the disposition to cover the shorts
s MhlGh mad been put out on the as
asshrlnkage from the earlier estimates
z Tor all three OF the most Important
GRO ps.cotton corn and wheat-re-
cured CT, for consideration In the SUM
reliance placed on abundant harvAsts
and an exportable surplus to correct
the unfavorable foreign trade balance.
and and the likelihood of its disappoint-
which the severe decrease in exports OF
agricultural products and It's conse-
quent failure to furnish a supply OF
i or ,e credits for the building up Of
the e, banking position.
fers little ground for solicitude. The
great bulk to which the New York
surplus reserve has attained makes a
Gold engagements In London were un. 4.
in spite of this Showing,
and currency still flowed from the in
l Ierlor into New York bank reserves.
not altered the Conservative attitude
OF New York bankers towards bor-
rowers. especially on time, and the
little demand for mercantile paper. are
bound to command attention for their
suggestion Of anxiety over the course
Of the fall money market. The per-
3 sistent stagnation Of the bond market,
IN face OF the expanding bank sur.
plus, Is another item showing the
spirit of caution still prevalent.
The metal trades were conspicuous
objects of attention, by reason of the
publication Of the copper producers
monthly statistics and the newly inau-
gurated monthly statement of tonnage
of unified orders on hand by the
United States Steel Corporation. The
reduced output of copper was salts
factory, but the probable influence Of
trade contraction on demand in that
trade interviewed as factor. The fall.
Ing off in tonnage orders for the steel
corporation, while less than the month";
ly average for the preceding quarter.
is influenced by the cutting down OF
output which has gone on during the
month. Current reports OF further
price recessions and of intended further
curtailment also influence Judgment In
the trade situation.
There have been signs OF contro-
versy between the Interstate Commerce
Commission and the railroads over the
Of charges to the expenses
of the railroads. This herald Of tho
coming hearings over proposed rate
advances affects speculative sentiment
5unfaovrably.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-08-15
PRICES INFLUENCED
BY WEATHER CHANGES
Cotton Market Dominated by Climatic Condi-
tions, Particularly as They Bear on
the Texas Crlo>,ip.

New York, August 14.-The cotton
market during the week was more or
less dominated by weather conditions.
especially as they bore on Texas.
There was some rain In that State in
although the DIR territory was still
very wide. The week began with
strong drift upwards, owing in part to
the drive against the shorts and to
scarce in the new crop months on the
weather conditions in Texas over Sun
day. The August delivery was adj
vanced to the 16-cent line. actually
getting up to 1909. It was intimated
that cottonswas being bought In Liver
pool to be sent back to New York, and
there was alsora report that the con-
gestion on September at Liver.
pool was such that it might produce a
squeeze there and bring competition
with this market for spot cotton.
, As to Crop Reports.
At the gain of Monday, a large short
interest was evidently eliminated. A
change in the aspect Of affairs in
Texas was brought about on Tuesday
by private reports of rains in that
State, although official reports did
not indicate any general precipitation.
The argument that the effect of show
ers would not materially advance the
crop, especially If tAey should be fol-
lowed by hot weather, did not take
root tn the minds of certain operators.
as the very idea that there might be
Eome improvement brought good
deal of selling, with resultant dip
In prices. The result was net de-
cline on Tuesday Of 5 to IL points.
The mid-week found the market still
on the downward turn. and on We'd
gnesday there was q net Aoss of to
IL points. But an active business re-
suited. and there appeared some good
buying on the dips. The European
market was influenced by reported
weather conditions in the South, with
the result that there were some weak
spots in the foreign market But
with each rally there did not appear
to be SO much cotton for sale, and
that may be said to be feature every
day in the week. This might have
been due to the belief that recent
buying by spinners has taken a good
deal of cotton out of the market which
IS likely to stay away.
The iset gain for the week was s
points on August, 6 to 81 points on
other positions.
Texas Conditions Still Critical,
There does not appear to have been
any lifting of The general drought
condition in Texas, and the serious
ness of the situation there is still
recognized by conservative people. The
rains In the northern section of the
State and in Oklahoma, together with
cloudy conditions we'll over the State,
did lead to the hope of a general
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-08-15
RECOVF,RY
is STILL UNDER WAY

81, New York. August 14.-The recovery
IN y the stock market continued last
week, although losing some Of It's
force force as prices got further away from
rested. The extensive covering OF
snort. contracts which was going on
nag the effect of reducing the demand,
and other influences worked automati-
cal cal, to lessen the demand.
Some OF the events accompanyine
the two weeks' recovery which were
in themselves were to be
re oned as cause by anticipation OF
government reports on condition OF cot
ton tor and the grain crops which con-
firmed the fears of heavy deterioration
! rom the earlier promise. The more
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-08-15

Especial to The Times Dispatch.l
Lancaster, Va, August l4.-The
Methodist camp meeting at Marion
Grove closed tonight. the crowd pres
the entire meeting. 1t is estimated
that there We're between 1000 and 5000
people on the grounds. Next Friday
the Baptists will begin their annual
Northumberiand, to continue for ten
days. The Rev. Mr.. Straton, pastor
OF the Seventh Baptist Church, of Bal
timore, and the Rev. George W. Nc
Daniel, pastor of the First Baptist
Church. of Richmond. are announced
as preachers during the meeting.
John r. Dos Passos. of New York,
swhoTowns large estate in Westmore-
land county. has determined to con-
vert a part of his land into model
secured the aid and cooperation of the
Department of Agriculture. An agri-
cultural meeting will be held on We'd
nesday at The Hague. In Westmore-
land, where Governor Mann, Professor
@. 3. Martch,, of the United States
agent of the State Board Of Agricul-
lture, will deliver addresses.
Reports from the fish factories along
the Rappahannock and the Great WI
1comico indicate that the catch OF men
{haden for the last two or three weeks
has been small and the quality of the
fish rather poor. especially in regard
to oil, which is one of the most valua-
BILE products of the menhaden fish fac
tories. The season for fall fishing
will soon begin, when 1t is hoped bet
ter success will fall to the lot Of the
Some OF the tomato canning estab-
5lishments In this section have begun
operations, and the farmers are get
ting fairly good prices for the rem
.nant Of their early crop. which is now
being used up. The low prices pre-
svailing last year and several disas-
Strous failures in the canning business
Z have caused the farmers of this re-
gion to curtail the acreage usually
planted in tomatoes. The regular crop
for canning will be gathered about the
first of September.
News from the neighborhood of Coan
Wharf, in Northumberland county, OF
the death of John Sisson. a prominent
merchant and business man of that
place. He had been Ill for long
time, and was a bout fifty years OF age.
Philip NJ. Tyler, principal of the
Chester Agricultural High School, Is
Visiting his brother-in-law, r. M. San
lders, at Whitestone.a
State Senator Cochran, Of Pennsyl-
svania who owns the fine old colonial
estate OF ''Rosegill," near Urbanna,
once the home OF Ralph Wormley.
brought down from Baltimore last
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-08-15

keep In close touch with the market
from al points Of the State.
Should It develop that much of tho
been ae 81 sno, q inste eaa
OF August shorts In the future mar
ket, It Is likely that foreign mills will
enter the market Another feature Of
the parity, between New Orleans ana
Liverpool markets This is getting.
vide enough to allow n large BUST
ness for foreign accounts 1t must be
re membered. that l.iverpool's stock Is
and that this means that Liverpool cot
Ton merchants must buy over 100000
pales to say nothing about what they
must purchase to meet the current re-
lQulrementH Of I q mi q n M or q
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-08-15
-DIsPAroH: RICHMOND va ANGUISH
market may work lower.

market may work lower.
Bulls claim that rains cannot fall
In Texas very long without an I'M
ward movement In prices
Should the drought In Texas con.
tinue picking Will be rushed, and in
all probability cotton will be sold as
cline may be seen In the prices buy.
ers are willing to pay. A short time
ago large planters were willing to sell
futures around 10 cents against their
crop expectations. and, therefore. It Ia
reasonable to suppose that the mar.
keting OF the new crop Will proceed
until that level Is renched.
The future market Will be influenced
70 =. . ro, small extent by the Texas snot.
sltuation, and the large traders will
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-08-15
DROUGHT IN TEXAS
WILL AFFECT CROP

New Orleans. La. August l4--The
week to come in the cotton market, II
is expected, will see some revival in
Operations In the old crop. 1t Is gem
lerally understood by the trade that
tAuEust notices on rather large scale
will be issued In the New York mar
ket Monday morning.
Il ts the opinion Of quite large
i element in the market that the very
4 heavy purchases OF new crop cotton in.
Iexas since new cotton commenced to
sHnqye have been chiefly TOR the account
ket.AheEtas1as:A 9k1.At. a1ad 4 bat all This
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-08-15

new crop cotton will be added to the
load OF actual cotton that tho bulls
are already carrying, Outside OF this.
tho weather In Texas Will continue to
be the main feature of Interest in the
market. This question is getting to
Pc 3eo, Very complex, and 1t Is growing
dlfiicult to say what eff cot any sort OF
market Immediately. Rain is still need
ed according to the opinion OF many,
and It Is probable II the rains pres
all2l1ssd IkG: oyer 4HdRiXaWa5ax1A tha
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-08-15
METHODISTSC CLOSE
THEIR CAMP-MEETING
Last Day IS Sessions Attended by 5000 People.
Baptists Will Start Their Meetings
Next Friday.

u
week number OF children and gave
them a delightful outing on his farm.
Some OF the children had never seen
the most delightful event OF their
lives.
The venerable DR.. Thomas S. Duna-
way. one Of the most distinguished
Baptist ministers of Virginia, and for
nearly forty years pastor Of the Fred
ertcksburg Baptist Church, Is visiting
relatives and friends in Lancaster,
which Is his native county. Though
he retired from the ministry some ten
years ago, 1t Is expected that he will
while In this county preach at lebanon
Baptist Church. where he was, as a
young man, ordained to the ministry,
and where he preached his first SER
mon.
Misses Stella and Lucy Withers, OF
,Rustburg. Campbell county, are visit
ing Mrs. G. W. Sanders. at Whitestone.
The Rev. Thomas S. Dunaway, II,
pastor of the Smithheld Baptist Church.
with his family, is visiting his paren-
tai home near here. He is the son OF
the Rev. DR.. Wayland F. Dunaway,
who represented Lancaster In the Con-
stitutional Convention OF 19O1-19O2.
The dry spell that has been pre-.
yailing here for the past four weeks.
broken temporarily by occasional
showers here and there, threatens to
do much-harm to corn and other grow
ing crops. The prevalent belief that
the&camp meeting season always brings
rain to this section has thus far not
been confirmed by the experience OF
this year. In some sections the grass
Is parching up and the corn blades
are beginning to twist. i*
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-08-15

during the past week, and transactions
have been more numerous. Sellers are
still cautious about booking contracts
Into tile new cotton year, IND much
stock goods or on goods IN hand or
In process OF production, which cali
be applied to nlling nearby contracts -
The cotton outlook ls still hazy TO
now look for sustained high values.
Buyers are willing to concede the
probability Of continued high costs 20, q
production hut IRE not keen IN an tl,,aas
Where their outlets are operating BET
ter on domestics prints, ginshams,
Edenims, 8tickings. brown sheetings - VA ~ !.
tickings have advanced Y cent y q , .satu q
yard higher; the price of staple s'nHi
hams has been pegged at cents u ~, !
October /, and the sales made py s paae
large commission houses N tne y p
week have run far ahead OF any Wc nnn
for some time Fall River sold sbs,Voe
pieces OF print cloths last WeeK IS. ~ ~
which 5000 were, spots, the pa,ansd
futures and large tns shlpmf rom Fall River
fwhane the american Printing Con-
pany has been closed for ten &, w setar
and will continue clos Tsaa a ,ncn, warn
Labor Day. at a, Least dat'nq and e prices are
f fiudI ~ cent a per pound higher on the
low numbers than they we're o. IN. .ne
fiat value.. while high, are still under
the current costs OF production. and
mills South and Eas, ARE foI II sn en
! ! - a,,orsto hiring about an early adjust.
n,ent Of costs and selling prices
Values value range about as follows:
Print cloths. 2s inch, s4xs ss,l ,n ca
5Glxsls. s IA cents; brown sheetings.|
standards, IA cents to 8 cents;
denims. 0 ounce. IA cents: tickings.
ounce 1914 cents; standard PRINTS.
5A cents: staple Ringhahs' Genus
dress ginghams, cents.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-08-15
Many Robberie..

Especial to The, Times -Dispatch.1
Lynchburg. Va, August 14.-There
have been eighteen robberies in Lynch
burg during the past month. the work
for the most part being apparently
that of boys. The police have been
able to make arrests in seven Of the
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-08-15
Cron summary.

Memphis, Tenn, August 14.-The fol-
S,o,yir1p crop summary Will be published
Nv the Commercial-Appeal to-morrow:
For three successive weeks scotton
has Improved in the states East OF
the Mississippi River, and Its promise
is now fair to good. The crop rs aaase,
and would be seriously damaged by an
carly frost, while frost later than
usual is needed to allow the FULLEST
promise to be matured. The plant
within the past two weeks has grown
very rapidly. and Is attaining fair size.
II is setting bolls quite satisfactorily,
and the farm tone Is decidedly more
optimistic.
in many sections. however, and the
Carolinas and parts Of Georgia would
be benefited by general precipitation.
Even in the earliest sections OF this
Eastern belt, there is very little cotton
that is ready TO open. and the move
ment to market Will be delayed weli
into September. unless drought later
on should force premature opening.
Boil weevils are active In Louisiana
harm than was earlier anticipated.
In Texas no rains fell except In some
OF the Red River counties. and the
crop lost ground steadily.
Cotton Is opening prematurely anu
very rapidly in southern and south
western counties. ard Is being rushed
to market as fast as possible by the
farmers. In Western Texas. where
within the past few years ttere has
been rapid expansion In cotton grow
ing, the crop Is almost a failure. and
in many places is beyond repair: but
good crops are the rule In the northern
tier of Texas counties.
The Bridgeport evening farmer., 1910-07-08
TEDDY'S SUPPORT OF SEN, BEVERIDGE
 CAUSES BIG STIR
Especial from United Presso

Washington, July S-Roosevelt's s statement that he would, lend sup port to Senator Beveridge of Indiana in his fight for reelection caused more of a stir in political circles here today than anything the mighty hunter has said or done since his re- turn home. Beveridge has been a frank and constant progressive and as a result of it the national admin istration forces in Indiana are mak- ing practically an open fight against him.
 Beveridge has not hesitated to op- pose the Presidents views of a, cam paign whenever he thought that Taft was on the wrong course. In the consideration of the tariff bill in the Senate Beveridge fought consist ently for -; revision downward and voted against the passage of the bill. The Indiana state convention which endorsed Beveridge, condemned the tariff law. Beveridge assisted in changing the form of the railroad bill as it was sent by Taft to Con- gress. He opposed the President on certain features of the bill, admit ting Arizona and New Mexico to statehood and yielded only in the last days of the session.
 With the O. K. of Roosevelt, it is believed here that he will be greatly strengthened in his fight.
 Administration Republicans are hoping that Roosevelt will be able to restrain himself and that if he must endorse Beveridge the approval be in moderate tone.