davidaulloa/AmericanStories huggingface dataset:
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-02
FURTHER SLUMP IN
PRICES OF COTTON
Market Unsettled and Irregular Throughout
Week-Efects of Continued Southern Sell
lng-Closes With Steady Undertone

New York, October 1.-The cotton
market have been irregular an un-
settled throughout the week, under
the pressure of heavy Southern selling,
bear selling and scattered liquidation.
The lower markets at Liverpool and
the disturbance in the stock market.
with continued favorable weather and
better crop reports and the heavier
movement Of the crop from plantations
have been the governing factors. The
result has been further slump in
prices in this market, approXimating
40 to so points for October, December
January and March. and 80 TO % points
for the later monshs. compared with
last Saturdays closing quotations. .oc-
tober sold down to near the basis Of
10 cents, December under 1ol-4 and
January broke through 1920. The
March option declined 10 1890. There
was sharp rally on Thursday on
heavy covering of shorts and the re-
coVery In the stock market But most
OF this was lost later in the week
The market closed last night with A
steady unoertone despite the adverse
-4i4'eS!!Ne VI TIE breaking out of war
between Italy and Turkey. Prices on
the Liverpool and New Orleans ex.
changes for future deliveries have
huctuated in a cores ponding manner.
and In the further reimbursement of
spot cotton prices on the Southern
spot markets quotations there for
middling cotton now average ahou,
10 Ia cents.
The Markets. Position
While general sentiment. continues
bearish on the unsettled conditions
throughout this country and in Europe.
the situation and outloog is not nearly
SO discouraging as some OF the spec-
u!ative element. who are sun talkinc,
OF scent cotton, are endcavorluu to
make II appear. the worlds spinuers
are buying spot cotton freely at pres.
ent prices, as 1t Is cheaper by 4 crnts
per pound now. or the equivalent nj
$50 per bale, than the average OF 14l.i
cents, which the last two crops broua,l,,
in their marhetiEg. The cheapness II
the staple has put the spinning in.
dustry back again OH q profitable basis
and with retail stocks in all lines low
Throughout the country anu merchants
holding strictly to a conservative pol-
Icy in buying. prospects are for mare
activity in the wholesale business and
among manufacturers this fan and
winter. Even now a much better VOL.
ume OF business is being reported thar
year ago The revision Of m, ,arin
cannot be made until January or Fen.
ruary AT the earliest and II coul,
scarcely be made effective until .ulv
Consequently the manufacturing an,
the disturbing trade SIN have min,
months of business before this dis
turbing condition would make itsel
seriously felt. In the meantime
prospective crop OF between 100000
and 100000 bales has beon largel,
discounted by the speculative elcn!en
and liquidation in forcing the pr;c
down 10. 10 cents. with no positive ns
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-02
IRON AND STEEL REVIEW

New York October 1.-The critical
state through which the steel indus
try passed last week left the trade in
less unsettled condition with an i'm
provement in sentiment and in ton
mage The official announcement of
the Steel Corporation checked the cir
culation OF harmful rumors and
brought OUT a larger volume of miscel
laneous orders from manufacturers for
early shipment. Specifications con-
tinued to keep the mills operating at
an average slightly under IS per cent
of capacity. and the low prices attract
ed more railroad inquiries for 1912.
Generally considered, prices of fin
ished products We're no lower than
during the preceding week. but the
minimum prices were more widely rre-
valent At the close. steel sheets
We're firmer at 10 cents to 1.95 cents
base Pittsburg and wire products were
better sustained. but bars were dull
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-02


and heavy at lis oents to 1870 cents
base Pittsburg structural shapes and
steel plates sold mainly at 1.8o cents
base base 1.a6 ccuts being exceptional
The reimbursement in prices Of mer-
chant pipe recognizes the declines TINT
wore current for several weeks. The
new list on wrought steel pipe to be
issued Monday. 10 expected to show a
drop OF 80 to - per ton on black. and
81 to 81 on galvanized but the small
est sizes OF galvanized are to be ad-
vanced S. per ton.
Steel building orders were increased
in number and tonnage and the total
fabricated contracts for September
were only $1,000 tons less than in
August.
iron. contracts asgregating $4,000 tons.
$4,000 tons OF which were placed in the
Eastern territory.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-02
ACTIVITY IN
MARKET is PROMISED

New York, October 1.-Notwith
standing the spasmodic fluctuations Of
prices in the securities market last
week, there was little change in con-
ditions Immediately affecting values
The enormous speculation in United
states steel and the rapid decline in
quotations resulted in virtual democrat
iIatloh OIL the stock markets during
the early part of the week, when the
movement reached its crisis
The arrest of the fall in prices and
the irregular recovery which follow ed
were due to technical causes rather
than to alteration of speculative senti-
ment The urgent borrowing demand
Tor important stocks showed that the
uncovered short interest was reaching
nnwieldy proportions. and demand
Tor stocks to cover shorts resulted
Feverish fluctuations accompanied this
movement. and il was apparent that
doubt and unsettlement still prevail
ed.
Neither the Attorney Generals state
ment regarding the intentions or the
Department OF Justice i'll connection
with enforcement of the antitrust law.
nor the denial OF the United States
Steel Corporation that it would dis
solve voluntarily proved effective in
restoring calm
The STRENGTHENING effecr on financial
markets of the reports early last week
of final agreement in the tobacco case
was modified later by the news that
there were differences still TO be ad :
justed.
Declaration of war between italy
and Turkey gave fresh cause for APP
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-02
LACK OF CONFIDENCE
IN WHEAT MARKET
Fluctuations
Tendency
IS Slow, With Generally Sagging
Interests Not in Mood
to Givz Support

New York. October 1.-The domestic
wheat markets were sluggish early this
week. AT times there seemed to be a
decided scarcity OF orders, and espe-
cially on the buying side, and hence
the fluctuations were slow, although
there was in the main a sagging ten
dency. There was lack of confidence,
and ii was evident that prominent in
terests were not in a mood to give
support 1t seemed clear that the de-
preston and decentralization in financial
quarters, as indicated by the sensational
break in stocks, had caused distrust
Consequently, buyers of wheat for the
rise showed anxiety to unload. This
was especially noticeable in Northwest
ern markets. which led in the decline
suggesting that the advance there late
last week. following the defeat of the
reciprocity proposition. had been over
done. The advance there had been
greater than justified, putting prices
too far above a parity with winter
wheat markets, not 10 mention Euro
pean.
Spring Wheat and the aIillers.
1t Is argued that spring wheat mill
ers cannot afford TO pay the high prices
asked for spring wheat and compete
successfully with winter wheat flour
In most sections the crop of winter
wheat was of good quality this season
and hence choice winter wheat -four
has been available at a big discount
as compared with spring, especially
since the defeat of reciprocity. This
latter has put our spring wheat millers
Mt a great disadvantage, particularly
on account of the poor grading of the
new grain, much of 1t being almost
useless except for making feed, or else
1t is SO light IN weight in some places
as to make 1t necessary to use more
than Eve bushels to make a barrel OF
-four. instead of four and a half bushels
as customary. Therefore dealers as.
sert that spring wheat millers Will be
compelled to SECURE far more hard
wheat In tho Southwest
Tho Foreign Markets.
Prices for cash wheat In Kansas
have boen conspicuously strong, at
compared with futures in other parts
of the country. The general downward
drift was partly ascribed to discourag-
Ing cables, European markets declining
somewhat sharply, owing partly to the
fairly large worlds exports and favor
able crop advices from practically all
exporting countries. Meanwhile home.
grown wheat in Europe has been freely
offered at lower figures. This, how.
ever. was partly offset by the compare
lively light increase in the worlds
available supply, 6,361.000 bushels
against 12.S13,o00 bushels a year ago
Among the bearish foreign items wa:
the final official report from Italy
where the crop is paced at 1000, 0eC
bushels, against 15s,36o.oo0 bushels last
year. Possibly the weakness abroad
especially in Paris and Berlin, was at
tributa BILE in part to the amicable set
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-02

jobhers and manufacturers to order
ahead and give mills something on
which to predicate continued opera :
tons
Brown and bleached domestics are
being bought from hand TO mouth.
Wide sheetings are being sold on men,
orandum. pending a price revision
looked for when the cotton market set
ties. Staple prints are being ordered
In average quantities. The initial bus
mess on spring dress ginghams has
been completed by the large houses.
and some very satisfactory bookings
are reported on the best known lines.
Ttckings are under order for the next
sixty days, and shirtings. chambrays
and other colored- cottons have been
ordered from several mills for delivery
Well into the new year. Duck Is being
ordered ahead by the large users In
about half of the volume of normal re-
quircments.
Retailers are operating steadily.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-02

u
over 13,5o0.Uvu bales. against the IS
100000 estimates so popular two
months ago
The Final Condition Report.
Next Mondays government crop re-
port from the Agricultural Bureau
VIII be Its last estimate on the con-
ottion OF the plants for the season. 1t
VIII be announced at l2 o'clock on the
cotton Exchange. On the basis of
to-aay's final condition report OF the
journal of Commerce, making the uer-
centage 7OS per cent. for the entire
belt. against its estimate of 726 last
month. and 6S.7 last year, as contrast
ed with the governments estimates
then of 1872 and 65.9, respectively and
the average of other private reports,
this coming report should make the
condition about II per cent This
would compare with the average OF
about &C l-2 per cent. for the anal
condition to September % the mast
ten years. On the Increased ge
TO over 35.00O.O00 estimated TO have
been planted in the governments pre-
liminary report. and, after making
the usual allowance for abandonment,
such a percentage OF condition would
indicate crop of about 13,25O.OO
bales.
Much viii depend upon the develop
ment OF the top crop, which SO far has
been coming along nicely from the
favorable weather conditions of the
past month in most parts of the belt
The absence of any equinoctial storms
or other serious disturbances so far
has made the condition Of the crop at
present better than was expected a
fortnight ago But this crop has vet
the whole of October ahead OF IL he
fore il is fully developed and. should
general killing frost occur through
out the cotton belt earlier than the
average date of November for the
last ten years, considerable DAMAGE
would result, as cotton will continue to
grow ana develop until the plants are
actually killed by freezing weather.
Census bureaus Ginning REPORT
Another government report will also
! ne issued on cotton OH Monday This
VIII be from the Census Bureau ana
give its estimate OF the total amount
oi the crop ginucd to September 81. IN
comparison with previous years This
7 Wa be announced on the Cotton cX
+ chShSe just before the opcning of the
I lhAiHet and viii make the estima tie
! IN running bales THIS should show,
AN excess of 100000 bales. against
ABOUT 100000 ginned to September %
1ast year and the previous high rec
"fH Tor tie period OF about 2.550.O0O
baIes IN sos This on it's face would
look very Oeariah. but it VIII be noted
~ nus connection that a great deal
"l lhis years crop was forced open
/ prem tnreIS by the extreme heat ana
. "'E weather during July and August
MAKING the season also much earlier
IN some OF the States than usual.
moreover there has been nothing
IKE 'nat amount Of the crop mar
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-02
COTTON GOODS REVIEW

goods markets we're generally quieter
during the week. in consequence of the
decline in the staple and the hesitnncy
arising from general financial condi-
tions. AT the same time the consump-
tive demand for goods Is forcing opera
lions OF a fairly steady character in prl-
mary markets, and mills are being en-
ooureged to resume operations in the
prospect of lower priced staple and
the reassuring hope that goods may be
sold in the near future without loss.
The constant restriction of production
is being reflected in n scarcity in many
lines, and this is inducing some of the
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-02
NEWS OF PAST WEEK
HAS LITTLE EFFECT

New Orleans. La, October 1.-The
cotton market this week promises much
activity On the opening session the
last condition report of the season by
the Agricultural Department, and this
second ginning report by the Census
Bureau will be issued. Both of these
reports promise TO favor the short side.
war news and the unfolding of the
spot situation ought to keep the mar
Ket nerved up after the reports are
out of the way. The condition reports
are expected to be hearish, compared
with the reports of the past year and
the ten-ycar average. but not neces-
sarily so compared with last month.
The consensus of opinion points to a
railing off of one and possibly two
points from last months condition of
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-02

20 per cent of the normal.
The census figures on ginning 1t is
admitted even by the bulls, will be the
largest on record. Conservative opin-
lon seems TO range from 100000 to
100000 bales. Weather conditions
have been ideal for maturing and pick
ing the cotton. a year ago the ginning
amounted to 2.302,21l bales. Any fig-
ures over 100000 ought to give the
pears the advantage News concerning
the operations of Italy against Turkey
Will be eagerly read by the market
mis- week because of the fear that
european complications will result. The
slightest hint of any such thing will
work against values. 1t is expected
that the spot demand now will improve,
especially in the English market
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-02
MASON WILL CASE
IS SET FOR TRIAL
Circuit Court Docket Is Heavy
Norfolk Presbytery Recently
in Session.
Especial to The Times-Dispatch.I

Especial to The Times Dispatch
Onancock, Va, October 1.-The reg
ular term OF the Circuit Court begins
tomorrow. with long docket. Among
the cases set for hearing is the contest
Of the will of Miss Mary S. Mason, who
died January last, giving her estate
of $4,000 to Harry r. Mears. of onley.
a few days after the probate of the
will Mears left home secretly. and
after diligent search was found sew
eral weeks later in Indiana mental
and physical wreck. He has been in a
sanatorium the nose of the time since.
and is understood to be improving.
Charles y. Startling, keeper of Tan
gier light, has been promoted and
transferred to Craney Island.
Louis s. Pennewell has been ap-
pointed carrier OF r,ral route No. 2.
onancock to Chesoonnessex and Deep
Creek sections.
E: J. Belote exhibited Monday a
stalk of alfalfa twelve and one-half
inches in height from seed sown bY
him exactly five weeks previous Many
of the other plants are fully as tall
Black drum fish in large numbers
are being cast upon the ocean shore
dead, caused evidently by disease
among them
The Norfolk Presbytery, in session
at Accomac, elected Rev. 8. Nye Hutch
inson. of Client. moderator. and w c.
Cummins, OF Hampton, secretary. Much
routine business was transacted. The
session mas spoken OF by all as one of
the most enjoyable ever held. the hos
pitality of the people thoughtful and
abundant.
y two-days' meeting on the Tasley
track will he held October % and IS.
Purses aEgregating $9oO-three of $3.50
each day-are offered Entries close
the 18th instant.
Cecil Fletcher. who is with the on
gineer's department of the Panama
Canal, arrived at the home OF his
father. Thomas L. Fletcher. yester-
dav n SDend
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-02
Chesapeake & Ohio Railway

$40 A.-Locai-Daiiy-New News
$50 A.-LocaL.-Daily = Chville Er Sun
Thurmond.
1890 A.-Express-Daily-N Old Point
tio:o0 A.-Local-.Daily--L:h Lex. &. FORGE
$500 P.-E4press-Deily-Ci -L'v!lie
ti:o0 P.-Express-Daiy-Nor " Neua
500 P-Local-Daily-N. News. Old Point
6:b P.-Local-Bx- Sunday-Gordonsyille
'5:l5 P.-Local-Ex. Sunday-Lchbg Natural
Bridge. Clifton Forge.
'6:35 P.-LImited-Daily-C cInnati. Chicago.
'u:00 P.-EXpTess-Daiiy-C L'yIile
'Sleepers tParlor cars.
TRAINS ARRIVE RICHMoND-Local from
East: s:25 A. N, 80 p. 81. Through from
East: 1880 a. NJ, $3.50 p II.
and 7i5 r NJ Through: 7:Oo A. NJ, 2:Ii
p. NJ
James River Line: '.ss5 A NJ. s:I5 p. II.
''Daily except Supcay.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-02

prenension, although its effect upon
american markets was comparatively
sHsht' In fact stocks developed
strength on Saturday, although an.
nouncement of the beginning of war
the previous afternoon was followed
ny depression. Money markets
abroad responded to the new forces OF
strain and New Yorks foreign ex-
change rates carried the reflection of
this pressure on the local money
markets.
On the side of trade and industry no
Striking changes We're recorded
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-02
SHOT AND KILLED
. BY FIRST COUSIN
Murder on Streets of Lilesville
Follows Dispute Over
Balky Horse.

Lilesville. n. c.. October SAMUEL
T Smith was shot and instantly killed
on the street here this afternoon by
T. ]. Flake. his first cousin. The shoot
ing followed a quarrel between the
cousins over a balky horse driven by
Smith. Flake. who is said to have
been drinking. resisted his cousins
refusal to let him take charge OF his
horse. Then, It is alleged, Flake drew
a pistol and fred Ave times. Smith
fed around the corner of building.
but two bullets struck him. one pass
ing through the neck
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-02
Richmond & Petersburg Electric Railway

Cars leave Manchester, seventh and p.rry
streets, for PeIersburg:
e. Z. 8, %, 10. II, az A. a. / 4 a &
"5:l5, %. Z, S, g., 10 p. II
n:0o p. II. for Chester. 1880 midnight for
Petersburg.
Street, Tor Manchester:
t5:l6. s:ss. ''7:l5. '1:e s:sa. a:ss. .1o:a5. n:a
a. u, 1885. l:35. AIS. s:25. .i:sS. 6:a6. s:S5
1885, s:35. s:!n. 'io:4o. u:i0 r. II.
tDaiiy except sunday and holjdaya
Carries baggage and express.
.Limited. except Sundays and holiSayl
All from Petern Jur2 connoct with
cars for Richmond
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-02

of tho basketball team, giving a glow
ing account of the excellent prospects
for tho team this season. we are out
for the Southern championship" an
nounced E. q. Bundy. These words
seemed to express the attitude Of tho
baseball captain. and he asked the
support OF every man in obtaining his
end, Bishop j. C, Kilso. when called
received his usual ovation. and In his
own eloquent manner paid a tribute
to tho college spirit of Trinity. adding
an earnest word for the support of stu
dent institutions. One OF the most
rousing speeches was that OF Professor
wilson. who said 1t takes not one or
nine men to make a team but the
whole student body. whether It be nifty
or 500. After few words from Direc-
tor Card to the effect that the gym
nasiun would be opened very soon.
the meeting was closed by the chair
man with few words OF thanks to
those present for their interest and
attention.
Thursday and Friday nights the
Tombs," an honorary secret order OF
the junior and senior classes, held its
annual Initiation of new members.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-02
RICHMOND AND GHESAPKAKE BAY
RAILWAY COMPANY.

Schedule OF electric trains to and from
Ashland. stopping at intermediate stations
' s,s si1 BIB siSD sns
u:io A, NJ: I:io a:Io. $40. t:iob, $40. S:N
I:io, 8:ioD. 1910. u;A p. n. Lv. Ashland,
D;SS 10. g. Oh, TO- cell A. NJ, sn n, eel
1 s. 4 d. e. q. 8. %, II p. II
sDsiiy except Sunday. 'ssuudxy only.
hCarrios baggage
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-02
SEABOAfSD AIR LINZ.

sou;hbound trains scheduled to leave Rich.
mond daily: s:1o A. A.-LocaI to NorilnA
Birmingham. Savannah. Jacksonville and
Florida points. $50 p. M.-Sleepers and
coaches, sa, annah. Jacksonville and Florida
points. u;i3 p. M.-slespers and coaches, At.
Ianta, Birmingham, Memphis and the Sout b.
west Eorthbound trains scheduled TO arrive
In Richmond daily: 6:n A. n. 7:22 A IL
s:o5 7" NJ $40 p. II
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-02
NORFOLK SOUTHERN

Lv. NoTtolK: 's:a5 and I'll A. n, 9 r. II ,
for Eastern Ca: oiina and tho south
Lv. Raleigh; '6:lb A. 81. u and 's:D P. NJ.
FOR Eastern Carolina and Norfolk
Pullman Sleeping Cars between Norfolk
Raleigh; alno Goidsboro and Norfolk.
sDaily ~ Eek Sun.
C. D. LEaRANDB. q. A.. American Nations
Bank. Phone Monroe 1857. Richmond.
W. W. CRoXTON. q. p. A. Norfolk. Va
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-02

being manifested among factors. to
hold back in the hope of securing bet
ter prices.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-02
SOUTHERN
RAILWAY

TRAINS LEAVE RICHMOND.
N. B.-FoilowinY schedule figures published
"a Information and not guaranteed
$40 A. h.-Daily-Locai for Charlotte Dur.
ham and Raleigh. l0:45 A M.-Daily-Limit-
ed-For all points South. Drawing Room
Buffet Sleeping Car to Asheville n. c. I:0c
2. Il. Elk Sun.-Lccal FOR Durham and in
termediate stations 500 T. 81. EE SUM-
keysviile Local. N:i5 T.. M.-Dally-LtmIted
For alt points South. Pullman ready al as.
P. Ii.
YORK RIVER LINE.
$40 p Mex 5un.-T. West PIT connect
Ing for baltimore Mon. Wed and Fri SEQ
A NJ Elk Sun. and 2:l6 +. M-Mon.. Wed
and Fri.-Locai to West Point
TRAINS ARRIVE RICHMOND
From the 3outh: $3.50 4. n, s:os p NJ
daily; $40 A II. EI. SuL.: R:Gs Ex aun ,
ECO P. n. daily. From West Point: s:ss a.
u. Dciy; r:5S A II. Wed and Fri; t:1 r.
Il. )tx. Bull
NC e. Main 81 ,PhonA diaon as
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-02
Baltimore Steam Packet Co

- Equipped With Wireless telegraphy
TO, BALTIMORE AND. THE NORTH VIA
NORFOLK AND OLD POINT.
Leave Richmond Daily. including sunday, via
N. w. RI. $500 p. Ii. Norfolk $50 P. NJ
c. s. o. Ry. 400 p. NJ. Old Point 1880 r. NJ
Q. D. 8. s. Co. 700 p. IL Gone day In Nor
folk).
va Nav. Co. $3.50 A. M. tlsonday. wsdne..
day and Friday.
Tickets at oil offices 30, atateroom, sp-
ply 70 H. N. BoYKIN. Agent. $50 Easr Maia
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-02

sDaily. Weekdays. isunsays only,
All trains TO or from Byrd Street Station
"a. so night stop at Eibn. Time Of arrivals ana
departures not guaranteed. Read tho aigus. 1
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-02
RalrnaD8.

ACCOMMODATION THAlRs-WseKDAYs.
Leave Byrd ST. Sta. 1 80 P. Il. for Fredeheksburs
Leave Elba Sta $50 A. n, {. 80 p. u. forAshland
Arrive Elba Sta $50 An, $50 M. from Ashland
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-02

surance as yet that the crop Will be
over l3,eo00Vo bales. against the 49,
100000 estimates SO popular two
months ago.