The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-07-10
IMPORTANT DATE
FOR WALL STREET
MANY OFFICIAL ANNOUNCEMENTS
EXPECTING MARKET WILL BE
MADE TO-DAY. '
NEW ERA FOR BUSINESS
INTERNATIONAL LINES DISAPPEAR
UNDER THE INFLUENCE of
MODERN BUSINESS
METHODS.
NEW ERA FOR BUSINESS

NEW YORK, July S.--To morrow
VIII De the most important date on
the wan Street summer calendar.
Tor the government win announce
the condition OF winter wheat. sprinp
wheat. corn. oats, rye and barlsyt
the steel trust IL expected to an
nounce the volume OF untitled orders
on It's books July /. the copper pro-
auction Tor June viii be given out
ana the business world will thus
have Official figures on which To baaa
calculations for the Immediate future.
AS the heavy rain that have revived
crops. came since. July l, which date
the governments crop observations
We're taken, the actual condition OF
the crops Is very much better than
7 Inc report VIII Indicate. A poor re-
port on corn Will have no Immediate
erect on the market since such a
report Mas- discouni.4a-AY-t tfe-prrak
In the stock market OF last week
and since actual conditions Indicate
satisfactory crop of that cereal
1 Canadian crop must also be reck-
oned this Year because unless con-
sfess proves a traitor to its trust
reciprocity will be an Accomplished
fact before the harvest Is ended. Re-
ciprocity will make all North America
ono country for business purposes
I ana the great gains made annually
i ny tho crops in Canada viii more
IMAM onset any possible deliberations
/ ia the United States.
Reorganization Plan Ready.
furthermore. 1t In confidently ex-
pected that some time Tomorrow or
Tuesday the United States court at
st. Louis win receive from the Stand
ard -oil attorneys plan for reor-
xtmf,~
sahizing the great trust in accordance
with the supreme court decision.
The gloom has departed from
: standard OH headquarters and IL the
plan now ready for submission is
approved the Standard OH forces Will
Join the Morgan forces In resump-
/ ton OF business activity and an up
aeaVal in the stock market
While the steel situation has not
developed boom. business is grow
ing and normal conditions are being
re~esta bitshed rapidly. Organization
OF the International steel trust, under
whatever name 1t may be called.
eoanteraets any raids that politicians
may be attempting at Washington.
| Not Particular About Flag.
! Just as State lines are being wiped
out In the United States because they
| have become d nuisance. go are In
ternational lines disappearing under
the influence of modern business
methods. There was a time when
! trade Followed the flag. but there are
! 80 many rags now that are safe for
trade to follow that business men are
not particular about the colors
! Ii 1t were not for the race prejudice
there would be many mergers OF ma
/ ms just as there have been mergers
| ~ business. Time was when this
| highest Intelligence OF the world was
Interested in politics and statesman
| ship, but now the highest intelligence
| is engaged in business and only the
mediocre man is Interested In politics.
| The result is that the enlightened
men OF the world are forgetting that
/ national boundaries exist. They ara
making their trade agreements with
/ one another regardless OF what flag
each one fights under.
Business Governments
! The nation OF steel Is the first one
/ - establish itself in such a way that
| the world in general has become COLI
| scious OF It's existence. But there
arc higher nationalities of finance. of
cotton. of grain and copper, each of
which must before many years be
recognized under its proper Offices
ard laws just rs the world now recog
nizes the governments of the United
States. Great britain, Germany and
/ France
| These business governments are
+ higher than the political governments
! for 1t has been demonstrated over
/ and over In history that the law of
the single gold standard. for instance
cannot be changed by legislation In
any country because II is a law of
| trade. These political nation
slitles are going to be the greatest
ard most sensational development OF
the present century and. the press-
! dents and kings of the earth will
within a generation or two acknowl-
edge the supremacy OF these inter
national nations.
-. se'e