davidaulloa/AmericanStories huggingface dataset:
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-07-25

nlent among Southern mills is bitter
~ antagonistic to the bull clique. and
Is doing everything in its power to
break its Influence. From this ele-
ment. unexpected tenders Of spots
against July contracts are coming.
The situation In the new crop
months is not likely to be as one
sided this week. as 1t has been. To
the surprise OF the bulls Saturdays
receipts OF new cotton at Houston
were forty bales, making ninety four
bales thus far this season. one of the
largest movements Of new cotton to
Houston at the date on record, so far
as statistics could discover. If this
movement continues to Increase 1t
will have decided effect on prices.
The weather this week will be
watched very closely. For some time
Texas has had a. drought. and under
1t, cotton is maturing fast In some
counties. Should the drought continue
much longer premature openings Of
bolls will result and the movement
of new cotton will increase.
Oklahoma will be of more interest
to the bear side Of the market than
any other State In the belt as the most
optimistic crop accounts are coming
from there. SO favorable have these
reports become that they have re-
suited In crop estimates for Oklah oma
of as high as 100000 bales. The wea-
Their over Sunday will have more to do
with the opening of the market than
anything else, and buying for long
account will increase IL rains are re-
ported In the Eastern cotton belt.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-07-25

pect. rise in the price of the copper
industrials was based nominally on
reports of an agreement amongst the
principal producers to cur1all output
to tho limits of the present demand,
which is large In itself,
These reports were subject to usual
suspicion of design for effect on the
stock market. The suspicion was
heightened by the unexpected reduc-
ton In the dividend on National Lead
stock. and the violent decline in the
price OF that security which resulted
The large financial Interests common
to this company and the copper In
dustry suggested conflict of policy
between the leading powers in the
copper industry, which seemed to hode
III: for chances of an agreement. The
imminence OF the quarterly report Of
earnings of the United States Steel
corporation suggested caution, which
Is awaiting the effect to be shown on
the contraction of the past quarter In
the operations in that industry The
National Lead action caused the fresh
weakness i'm stocks at the end of the
week
Strong forces are at work to build
up the reserve strength OF the New
YORK banks, but the banking position
In the country at large remains omen
to discussion. The extension OF
credits is regulated with caution, in
spite of the inflow OF cash from the
interior, the benefit from large gov
eminent disbursements and the fur
ther Imports Of gold
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-07-25
NAVAL RESERVES IN BOSTON
Volunteer snilormen Begin Their Time

Volunteer Snilormen Begin Their Time
of Practice Instruction..
Boston, Mass, July 24.-Fully $500
naval reserves from Maine, Massachu-
sets, Rhode Island. Connecticut, New
York. the Hoboken division of New
Jersey. Pennsylvania and Maryland
have commenced their annual ten-day
tour of duty of practical Instruction
under the direction of the Navy De-
partment The naval reserve organi-
cations We're distributed among the
warships Of the Atlantic squadron to-
day and the ships headed for the Cape
Cod Bay drill grounds. There the
reserves will spend the next ten days
at gun practice making themselves
acquainted with the positions they
would be OBLIGED to fill in time OF
war
The warshps assigned to the work
are the Kansas, Vermont, Georgia.
Mississippi. Idaho, Connecticut South
Carolina, Michigan, New Hampshire,
Minnesota, Rhode Island Nebra ska
and Virginia. More than 100 of the
officers and men from Massachusetts.
Connecticut, Hoboken and MARYLAND
will participate In the cruise of the
first Atlantic coast naval reserve
squadron from Gardeners Bay. In Long
Island Sound. to Fortress Monroe and
return.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-07-25
TONE OF FINANCIAL
MARKET UNSETTLED

,,ssS New York. July 24.--Incidents of
last week served to keep alive the
attention of financial mark cts TO UNI
favorable features in the conditions
of business and to unsettle the specu-
EIative tone, in the stock market The
power OF resistance 10 depression
shown at times by the market was
Testimony to the important progress
made in speculation toward anticipa-
stion, the conditions now disclosing
and to disposition 10
count the possibility of tendency to-
wards Improvement and correction.
hsstSOn the side of the crops the spring
wheat prospect has lost the foremost
sprominence which was given 1t by the
government report of heavy deteriora-
ton during June. The weather condi-
lions since have caused hopes of some
bett of the prospect. Also the
offsetting advantage of the large yield
STomised for other grains. notably
ior,l and winter wheat, have neutral
Ized the-influence OF the spring wheat
ji,ortage. The Importance attached to
this offset came into view in the mani
testa tion of anxiety over less favor
llble reports during the week from the
orn belt and the mead of rain TO
AIRY out the promise for the crop.
HE fresh advance In the price Of cot
or, also had to .be considered al
rough the factor of speculative ma
,tpulation in that movement modified
sSixnportance,
here vase good deal OF confusion
&c reading of the industrial pros
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-07-25
DRY GOODS REVIEW

New York. July 24.-The demand for
cotton goods broadened during the
week, and there was some recovery
In prices from the subnormal levels
reached in the past few weeks. The
increased demand is attributed quite
as much to the need for merchandise
as the change of sentiment among re
tailers concerning future cotton prices.
The supply Of goods has been reduced
materially by the very great curtail-
nent of production. and jobbers who
have been in the market of late have
not been able to secure the quantities
of staple they were anticipating would
be offered at low figures.
Converters have been quietly at work
picking up the extremely cheap cloths,
and few of the largest jobhers are
placing orders more literally. Fail
I.iver sold 10000 pieces of print cloths
during the week. The stocks there
are being reduced by sales and cur
tailment The recent movement in
goods for China totaled 5000 bales.
Miscellaneous export trade holds up
satisfactorily.
The immediate outlook for cotton
goods seems more promising from the
fact that the mills have ceased to
sacrifice their stocks, and are now
looking toward values that will show
a margin of profit on costs of produc-
ton. Jobbers special sales are well
ratronized. Yarns are frmer. Staple
prints are moving better, and there
has been very general opening of
dress ginghams for spring. Trading in
domestic cottons is showing moderate
improvement. Denims and colored cot
tons are held firmer. Duck gives some
signs of positive Improvement. some
large buyers having learned that stock
in mill hands are low and will have to
be made larger as a consequence of
orders. The feature in cotton goods
for the moment is the widespread cur
tailment
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-07-25
COTTON THREATENS
DANGEROUS BREAK

New Orleans, La. July 24.--Recent
Developments indicate that the cotton
market this week Will bio an Interest,"
ing and active affair, and there were
many features on the closing days last
week. that appeared to promise great
err developments during, the week to
come. Trading has been light OF
late, not because spectators have not
been taking an interest tn the situa-
ton. but because they have become
over-cautious owing to the size Of
the operations in the old crop and the
great danger that might ensue to every
one should these operations go wrong.
This pent-up speculation may break
mt any time under the right condi-
lions. and when 1t does, nothing can
control 1t. This will be the last week
of the now famous July deal. and it
may be the widest yet. Some sort
OF settlement, either across the ring
or In private, may be brought about
between the longs and the shorts.
Should tho bulls refuse a private set
tlement and insist on shorts buying
their covers in the open market, the
greatest excitement would ensue, and
what might actually be called a cor
ner would be brought about.
Shorts will probably continue their
strenuous efforts to find enough spot
cotton to cover with and will rake
the entire cottonbelt for supplies In
to this there was every indi-
cation on tho weekend that the move
nent of cotton from the mills to New
York would continue. A certain ele-
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-07-25

New York, July 24.---Feverishness
and unsettlement distinguished specu-
lative trading in domestic wheat mar
selling at the outset was alleged to
have been prompted by fairly abundant
receipts of winter wheat at primary
points Part of this trading represent
cd hedging sales against wheat bought
at country points for shipment to Chi
cago and other centres The deciding
tendency was arrested in part by the
unexpectedly stronger tendency abroad,
European markets being strengthened
by higher advices from India and Ar
gentina as well as from France and
Russia. Bad weather has prevailed in
these countries recently and crop dam
age reports have been severe. In Rus
sia spring wheat seems to have suffer-
cd seriously, just as 1t did here and
Z in Canada, because of hot. dry wea-
Their.
4 1t is estimated that the production
In France will be about 40,000,000
bushels less than last year. In view
of Europe's small yield, It is particu
larly unfortunate that we too, VIII
have short crop with practically no
surplus available 10 spare for export.
Canada will have a small crop, pos
sibly not far from 7O,0oo,0O0 bushels
against 120,0oo,000 last year and 140.-
600, 900 estimated early in the season.
In view of all these Influences 1t seems
plainly evident that Western Europe
will find it difficult to secure ample
supplies this season. even though much
higher bids are made
Hence 1t would cause not surprise to
see further heavy reductions in the
worlds available supply during the
next month or six weeks fortunately
the total supply is about 20,00o,0O0
bushels larger Than year ago.
A few traders We're inspired to as
cribe the weeks early weakness to
reports that harvesting had begun in
South Dakota and in Southern Mime
sofa This was a poor argument. as
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-07-25

summoned to appear and testify before
the Federal grand Jury there arose the
question whether the terminal railroad
men are wanted In connection with the
beef inquiry or are subpoenaed to tes-
ttfy in an independent inquiry into
railway violations of the Interstate
commerce law \ suit now pending
with differences of the Interstate Com
merce Commission and the Chicago
junction Railway involved. is expected
to be test of the question whether
the road s an interstate carrier. The
government alleges it is The road
maintains that it IS not. being merely
a terminal line. not running outside
the State
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-07-25
SPECULATION SENDS
WHEAT PRICES DOWN
Liberal Winter Wheat Movement Has Begun.
European Prices Higher on Crop Re-
ports-Corn Is Firmer.

such premature ripening Ia bad. such
intense heat as has been experienced
this year scorohes or withers the grain
before 1t has had time to develop fully
therefore the grain being gathered now
may be light in weight making II
necessary to use over 41-4 bushels to
produce barrel of flour.
The Inter Trading.
In the last half OF the week the
changes were rather unimportant, al.
though In the final trading the drift
was slightly downward after a small
rally. The final weakness was some
what puzzling because there seemed
to be nothing in the market news to
warrant depression 1t was plain, how
ever. that prominent Western inter-
ests were manipulating for break
Having forced nearly all small shorts
into covering, during which the big
professionals succeeded in unloading
1t was clearly their plan to force prices
down again preparatory to a fresh
campaign.
1t was claimed that the selling pres
sure was largely, If not wholly, the
result OF fairly large shipments OF
winter wheat from the interior, while
the demand for 1t was Disappointing
The declining trend was checked tenn
porarily by further material rise in
European markets, but especially in
Paris. as the weather has continued
bad in France. Crop advices were also
unsatisfactory in. India, Russia and
Argentina. This cannot benefit us ap-
probably as we are far above an ex-
port parity.
The Weeks Corn Market.
Corn has been lifeless with slow and
narrow variations, although part Of
the time a much stronger feeling was
noticeable. The buoyancy was partly
ascribed to limited stocks and partly
to reports of crop damage, owing to
hot and dry weather, especially west
of the Mississippi River. Late In the
week there was small recession. as
longs we're inclined to take in profits.
prompted largely by reports OF more
favorable crop prospects, particularly
east Of the Mississtpp
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-07-25
WEEK IN COTTON is
MOST INTERESTING
Violent Fluctuations During Past Few Days
Make Market Spectacular Trading
Heaviest for Many Months.

Brown Hayne Scales people. trading
as the bull clique. OF the cotton re-
naming to be delivered, there are TO-
600 bales due to arrive from Liverpool
to-day and tomorrow and about 1O,-
600 from other points, including about
half from Fall River and Southern
points.
After this July deal has been set
tied there remains an interest amount
ing to about 10000 to 100000 bales in
the August option to be settled.
The July and August Shorts.
AS the bears had to scour the South
and bring cotton back here from the
New England mills and Liverpool to
cover their short sales on July, the
settlement of the larger outstanding
interest in August bids fair to be more
interesting as it develops. The bull
clique. while still under Indictment in
the Federal court on the governments
charges that those concerned have been
operating under an agreement in re.
straint of trade in violation of the
Sherman antitrust laws, are still hold
ing together and seem determined to
carry their deal through the life of the
August option. They have received
over 10000 bales on their contracts
since they began to take up cotton
here in March on their maturing con.
tracts for delivery since that time.
They now own all the cotton there is
here, amounting to 125OOO bales, and
of this they have arranged to ship out
$4,000 bales shortly on sales made to
English, German and French spot
dealers
This will leave the large outstanding
short interest in August in position
whereby they must either seek private
settlements. or cover as best they can
by buying in their short sales across
the ring" on Change, or go to the
heavy expense of securing the actua
cotton. as they did in settling on thei,
July contracts.
Decreasing Supplies and the New Crop
In the meantime, the worlds visible
supply of American cotton left in all
positions in the world is now down to
100000 bales. against 100000 bales
last year. This will continue to de
crease rapidly, as each week passes
before the new crop season begins ir
September. At the same time, the pro.
gress of the crop In its development,
has been so retarded by the excessiv.
rains through all the States the past
month. except Texas, Oklahoma. Ten.
nassee and Arkansas, that the season
on the whole. is two to three weeks
late Moreover. the plants have suf-
fered what looks like a loss of abou,
. points on the average in condition
from the S0.7 per cent. reported in the
last government report of July l to the
average date OF June 25.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-07-25

New York. July 24.-The past week
Was a most exciting one in the New
1Rprk cotton market. 1t was especially
D during the first half of the week
Then fluctuations were extremely
liolent. with trading the heaviest of
shonths past. Following the previous
akeeks sharp rise, there was further
asdvance on Monday, ranging from 80
Ap IS points on the near months to 20
Hind SO points ON the now crop options.
Sforced covering of much larger short
Interest in the July and August OPP
Hons than the trade had supposed to
lrsist caused this, and in consequence
he rise to new high record prices. to-
'sether with the much less favorable
,eports on the progress of the new
crop. precipitated the advance In the
lew crop months.
The Weeks Rise and Fall.
On Mondays rise. July Went up to
sos cents pound, August to 1911.
.eptember to 14.00, October to 1920.
December to 1900. and January to
2.95. This price of 16 1-2 cents for
Iuly was the highest level reached in
thirty years for either spots or flu
lures, with the single exception of
a IL established during a brief
period in the height of the Sully boom
Of 1904 The last previous high
price on this crop was reached on De-
cember 80, when the May option went
TO 1916.
A bear raid broke the market with
great violence on Tuesday. 1t was
the most aggressive attack and the
sharpest break witnessed since the big
slump of nearly 500 points in the jan
uary collapse. July went down so
points. August 60, September 81, and
the other options 80 TO % points. Re-
sumption of atroifg support and an ac-
tive trade demand from spot cotton
dealers and milling interests later
rallied the market and helped to close
The general list firm last night, at
prices ranging from points advance
on September to 81 and "a on October,
December, and January over last Sat-
urday.
notwithstanding Deliveries.
There were 5000 bales additional of
actual cotton delivered Friday by The
Dig shorts on their contracts for July
delivery. This makes 100000 bales
actually delivered on July contracts to
date. The bull dealers have taken all
the cotton up as promptly as 1t has
been rendered. and it is understood
that about 10000 more bales remain to
.Ibe delivered next Tuesday and Friday,
which are the last days deliveries can
Ebe made before the July option ex-
Tpires. This will settle the speculative
duel between the big spot people, who
have been the leading bears and the
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-07-25
Norfolk and Western Railway

ONLY ALL RAIL LINE TO NORFOLK
Schedule In Effect June IL. 1910.
Leave Byrd street station. Richmond. FOR
NORFOLK: bs:lo a. NJ. 300 a. NJ, a3.o9 p.
NJ, 1910 p. NJ b1:0o p. ~.
FOR LYNCHBURG AND THE WEST:
'6:l5 a. NJ. 800 a. NJ. oI2:lt ron. ASSOC +.
NJ, 1920 P. N.
Arrive Richmond from Norfolk: b1I:3
NJ, a1l:4o A. NJ. $3.50 P. NJ. olo:a5 p. ~.
'll:2o p. NJ. From the West: $3.50 A. n.
also p. NJ. b2:l5 p. NJ. 's:ao p. n. 800 p.
~.
Daily. aDaily ex. Sunday bsunday only
Pullman. Parlor and Sleeping Cars CAFE
Dining Cars. c. Fl. BOSLEY.
W. B. BEvILL, D. P. A.. Richmond, Va
G. P. a.. Roanoke. Va
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-07-25
new PHASE IN BEEF INQUIRY

Question Whether Chicago Junction
Railway Is an Interstate Carrier
Chicago, ILL.,, July PA new phS..
and one with which considera BILE mvs-
terry is connected. develoned in the
special beef grand jury's investiga-
lion Yesterday, when subpoenas were
served on five railroad officials. four
OF them connected with the Chicago
junction Railway, With these men
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-07-25
Southern Railway.

TRAINS LEAVE RICHMOND.
y. B.-Following schedule figures published
as Information and not guaranteed:
$40 A. M,--Daily--Local for Charlotte.
l0.45 A. Observation-Disclosures all points
South. Pullman and Day Coaches
800 p. Men. Sunday--Local for Moselcy
500 P. Mex, Sunday-keysville Local.
1l:45 2. M5--Daily-Limited. for all points
South. Pullman ready $3.50 p. NJ.
YORK RIVER LINE,
4:s0 p. MIX, Sun,-To West Pit, con-
Meeting for Baltimore Mon. Wed. and Fri.
4;s0 A. Mex. sun. and 2.l5 P. M.-Mon..
We'd and Fri,--Local TO West Point
TRAINS ARRIVE RICHMOND.
From the South 700 A. NJ. $3.50 P. NJ,
daily, $40 A. M. Elk. sun, 4:lo P. NJ. Daily;
6:05 p. ", Elk. sun. (Local)
From West Point: $3.50 A. NJ, Daily; 1875
A. NJ, Wed and Fri; s:t5 P. NJ, Elk Sun.
S. e. BURGESS. D. p. A.,
800 E. Main st. Phone Madison 1856.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-07-25
STEAMBOATS,.
OLD DOMINION LINE

VOK NORFOLK AND NEW YORK.
Lv. Richmond tfoot Ash ST. daily P. n.
LEAFS Newport News........-.........6:0o A. n.
Arrive Norfolk .....-.................s:e9 A. NJ
Connects with main line steamers leaving
Norfolk for New York daily except sunday
7:G0 P. NJ. Connection also made BIZ y. d
w. Ry 3 p. NJ. and C. G. o. Ry. at p. Il
Night Line steamers stop at claremcnt a,
land or receive passengers sgnsL
VIRGINIA NAVIGATION CO. sanes H,vet
by daylight for Norfolk. Old Point. New
mort News and all James River landic-'
steamer leaves Monday. Wednesday 81
Friday at $3.50 A. NJ. Freight received I.
all Jgnes River landings. Ticket Office II.
E. Maic st.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-07-25
RalroaDs,
sEAH OAIIsD aus IN,

sEABOAKD AIS Line.
Southbound trains scheduled to leave Rich
mond daily: $40 a. M--Local to Nor!tns.
Raleigh. Charlotte. Whining ton. 1920 r. Nj
Sleepers and coaches. Atlanta, birmingham.
1880 p. M.-Sleepers and coaches. savannah
] Jacksonville. Atlanta. RirminEhnm and
Memphis Northbound trains rcheduled 10
arrive Richmond daily: 6:32 A. NJ. sos r.
NJ. $40 y, NJ.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-07-25
Richmond and Petersburg Electric Railway

Cars leave Manchester, Seventh nc -.
Streets for Petersburg:
20. I. s. %. 10. IL IL p. n. L Z Il l. =
sS.,5. 20, Z. 5. -. 10 r. n.
HOO P. NJ. Tor ene4,cf, 600 midniSh. 10,
Petersburg.
Cars leave Petersburg. foo Sycamore
Street, for Manchester:
sis s:>s ..7;lS, tbs. s:s. s::.. .Io:as, u:,s
r. a., H:a5. 'l:a5. 2:S5. 3:SS. 4:s5. SIS. s:?4
'1:ss, S:3S, s:a5. 1000. 1910 P. n.
s'Carries baggage and express
- Limited. except sundays 4na holidays.
All cars from Petersburg comm: wita cara
FOR Richmond.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-07-25

Daily. tWeekdays.- ssundays only.
All trains to or from Byrd Street Station
1850 night) stop at Elba. Time Of arrivals and
departures not guaranteed. Read the signs.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-07-25
Railroaps.
Fredericksbg &P0t0macR.R
70ARD FR0M wAsHtxc70xAHD BEYOND.

ACCOMMODATION TRAINS -WEEKDAYs.
Leave Byrd st. Sta. 1.8O r. N. for Fredericksburg.
Leave Elba Sta. 70 A. H., 80 r. N. for Ashland.
Arrive Byrd St. Sta. 6.26 Am. from kshg.
Arrive ElbA Sta. $40 Ann $40 2 M. from land.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-07-25

sURRY. SUSSEX & SOUTHAMPTON R. r.
No leaves Dory, A. NJ: Wakefield
II; Dendron, ll;2o; surry Courthouse litis.
Arrives Scotland 1926 2. NJ No leaves
Dendron. $3.50 A M. Surry G urthouse.
$685. Arrives Scotland. s:22 No. 2 leaves
Scotland s:45 A. NJ; Surry Courthouse.
7:05: Dendron 7.i5; Wakefield, s:l5. Arrives
$40
Connections at Wakeneld with Norfolk
and Western Railroad: at Scotland. with
Virginia Navigation Compaays James River
boats All trains daily except sunday.
EDWARD ROGERS. Superintendent
Martinsburg statesman-democrat. [volume] (Martinsburg, W. Va.) 1906-1921, 1910-05-27

VI. c. KENNEDY, N. Toyas
Vice Pres. Il Gen'l Supt. ~
Il. A. Riddle. Geu. Pass Agt,