The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-07-16
SHOWING OF YEAR
IN EXPORT TRADE
completed Report Shows In
creases in Many Products
d Over Previous Record.
DAYS TRADING VERY DULL
Weekly Bank Statement Reveals
Small Gain Instead OF
Predicted Loss.

New York, July l5.-ouotations re-
manned almost stationary on the Stock
Exchange to-day. and trading was in
consonance with weeks extremely
dull conditions Attendance Of mem
bers on the floor was unusually small.
and business languishcd throughout
the short session, which recorded total
sales OF $4,000 shares. During the
entire iirs: nuur there were only three
transactions in United states Steel,
and Amaleamated Copper was not
traded in until the last fifteen minutes
OF the day Toward the close. prices
weakened somewhat. with especial
heaviness in Reading, regardless Of the
report of n possible increase in the
common dividend at the next quarter.
Texas Company reEaiued 2S-S points
of recent loss. ana Western Union
showed pronounced strength.
The completed record of remark
able year In the country's export trade
was made to-day with the figures for
juno. showing an increase in grain
meats cotton and mineral oil for the
fiscal year Of nearly slio.00O,0oO. EN-
ports of these products in June were
nearly s2.500,O00 below those of the
corresponding month of last year
This was due. however to the shrink
age of Sil.ooo,O0 in exports OF cot
ton, which was not unexpected i'm
view of the huge outward movement
of earlier months.
The value of other products export
ed was considerably in excess of the
figures for the preceding June and the
statement was considered a satisfac-
tory one. During the year the great
est gain was in the export of cotton.
which played large part in the resto-
ration of a balance OF trade in favor
OF this country, following a period in
which foreign trade was in an unsat-
isfactory condition.
Instead OF the predicted loss in cash
by the banks, small gain was report
ed in the weekly statement The re-
suit was effected however by the in
clusion this week Of Il new member
OF the Clearing House Associations
The bond market was steady Total
sales, par value, s93S.ooo. United
States bonds We're unchanged on call
on the week. Total sales of stocks
to-day. $500 shares.
Traders in the stock market the past
week waited on crops and hoped fprl
the adjournment ot Congress. The
government crop report issued on Mon
day and especially the government
weather reports were not rcassuring.
production almost equal to that OF
last year. The acreage OF all crops is
much larger than last year. hut condi-
ton is much lower.
Condition of corn is so low that
prices of corn in Chicago reached hich|
records for the year September cross.
ing g. cents. Experts on cotton insist
th"t conditions do not favor record
breaking crop OF that staple The
popular belief. however. is that a re-
cord breaking crop will he produced
and prices of cotton contracts arc
gradually working lower ON that tho
DRY The crop disasters of the wear
are In hay. oats. potatoes and tobac-
co all OF which are far under the nor
NAL
The steel trust announced that mn
hlled orders on its books tho frs, of
July Mere eiG,STl tons greater rhan
month previous. The trust is opcrat
Ing about iS per cent Of its mill
capacity aud there is distinct i'm
prove'nent in the steel business.
Inc Corner Producers Association
announced that stocks Of copper on ,bn
hrst OF July We're S.56l. los pounds loss
than the previous month in spite Of
the iact thar production was on u
heavier scale during June than i'm NAV
Attorneys Ia" the Standard OIL Com
pany admit that they have about com
Pletea tentative plan for distrihut
Ing the trusts assets, hut no limo nae
been set for Ming it with the Tnlied
states Court at -. Louis AS mo
courts are on their vacation now tho
plan may he held until the octobo,i
term begins. standard OIL !ntersets
are made much moro favorahlv i'm.
chned toward Tho stock market man
.heE We're a iew weeks ago, ana mis-
IN spite Of the fact that cron coudi-
lions N ~,