davidaulloa/AmericanStories huggingface dataset:
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-05-20
SUPPORT WITHDRAWN
FROM STOCK MARKET

New York. May 1o.--The action OF
the market Tor stocks last week made
1t evident that control had been re-
Taxed by the organization which has
stood in support OF the stability OF
prices during the recent speculative
campaign. Tho always-watchful pro-
fessional trading element. through Its
constant testing operations, demon
strated that protective measures had
been Withdrawn from the market,
leaving it vulnerable to bear attack
md TO the effect OF attempted profit
taking.
Movements OF individuals. credited
with the conduct OF the late campaign.
implying coming absence from the
financial district, were rend as con-
irmation of the belief that their opcr-
support had been Withdrawn aroused
the fears of belated followers OF the
speculation who found themselves bur
dcned with holdings, and their efforts
to carry on the campaign were COM
plicated by their anxiety to realize
profits The speculative tone. also. was
affected by the suspicion aroused by
the aggressive bidding up OF obscure
stocks
curren, supposition in the stock
market was that Il distribution OF
holdings at tile higher prices levels
had preceded this campaign in tho
conduct OF the market leadership and
had supplied the principal motive for
that change. Il was assumed also tina;
,he.e was involved Il reconsideration
Of thee curiicr disposition TO ignore
the progress "of d presidential cam
patSn, and its traditional repressivc
influence on business and speculation.
The controversial heat developed in
tl.e canvass has awakened doubts
over the outcome and corresponding
hesitation In assuming conditions to
como.
reports from thc steel trade
strengthened the conviction of eXpan-
sion and Improvement. Demands from
tn.nNfnctnrars for lnnEcr ncriodS fOr
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-05-20
MARKET IRREGULAR
THROUGHOUT WEEK
Weakness and Decline Is Checked by Sudden
Cold Wave, and Sharp Rally Follows
on Hasty Short Covering

New York, May l9-The cotton mar.
ket was irregular and unsett &c
throughout the past week. The weak.
- tho market displayed at the open
ing of the week on scattered iiQuida.
lion left over from last week. anC
turthsr pressure against prices from
the sold-cUt former bull leaders and
tile bear element, carried July down 10
III. cents and forced October OF the
next crop as low as 1886 and Decem-
1.f TO ll.iQ. But jus: when 1t seemed
as though the bears would finally sue
ueed IN forc!ng. prices through the
oasis OF II cents. = sudden cold wave
with more rain in the cotton bel,
checked the selling movement.
Then a sharp rally followed on hasty
snort covering, which carried prices
up nearly forty points or So per bale,
with July going up to near 11.6} again
,.4uther since Wednesday afternoon.
however, together with renewed in
SIDE pressure. proved too much for
Tho markets 20 withstand. The reac-
ton which set in then from those con-
dltions continued UP to yesterday, and
wiped out all of the carly advance,
win July going back again TO li.2j
ana octobos ll.S7.
\ Weather Market.
In the opinion OF conservative trado
interests it IS now more OF a weather
market than ut any time this season.
Tho ZEN days o: favorable weather
outside of Texas and the Carolinas tho
mast month has kept plow!n; and
planting so backward that the crop
will get the latest and poorest start
IN years. Tho weather has been more
favorable the last three days of the
week but this Is the 10Th Of May,
when planting Is generally finished IN
I'll the States except Oklahoma, where
II usually takes a week longer Up
10 date not more than 60 10 20 per
cent. OF tho crop has been planted
outside OF the still o<ernowed dis
,-.ots along the Mississippi. Only In
Texas and Oklahoma and parts OF the
Carol:nas is the crop season up 10
about the average. Elsewhere It
ranges from two to three and fodr
weeks late. with tho latter IN most
sections Of Alabama. Mississippi.
Louisiana and the Memphis district.
Farmers dread a wet May. and with
over half the month now gone. the
weather must he exceptionally nne
from now or to set all the crop in by
the middle Of June Even II tho waters
run of the flooded districts along the
Mississippi River in Arkansas, Mlssis-
snpi ana Louisiana within the next
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-05-20
EXERCISES WILL
Be HELD TO-DAY
Lincoln Hall, John Hay Wharf
and Power Plant to Be
Dedicated.
Especial 10 The 1,!mes.D!spa,ch. l

tspeC!a! TO Ne Times d! s'pdtCn.
Claremont. Va. May 19-The Tenn
pcrance, Industrial and Collegiate In
stitutc OF CiaYemont, John j. Small
wood, Phi. D. president. will dedicate
Lincoln Hail. John Hay Wharf and the
power plant here on Monday. Cover
nor Mann, OF Virginia. Governor Chas
5. Deneen, OF Illinois; Rev. Fred NJ
Estes, of Boston. Mass, and Rev. David
Jones. of Scranton. Pa. are among the
prominent men expected to be IN at
tendance and TO take part in the eXcr-
ciscs. Besides these. prominent educa-
tors, both white and colored. from all
parts Of the South and North will be
present.
Every arrangement has been made
for the accomm odation of a large num-
Der of visitors. and the OLD Dominion
Line steame! Pocahontas has been
chartered by the institution for sun
day and Monday to bring excursions
from Richmond The Southern Rail-
way will also run a special train on
Monday from Emporia. this train hav-
ing been chartered by the institution.
The completion of Lincoln Hall.
erected in honor OF Lincoln, makes
this institution assume a position of
national Importance to the colored
race. The late Phiilctus Sawyer. United
states senator from Wisconsin; Jacob
Gallinger. United States Senator from
New Hampshire. and the Hay family,
ana others OF equal prominence. as
sisted the Institution to it's present
stage Of usefulness.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-05-20
WHEAT MARKET SHOWS
DECLINING TENDENCY
Heavy General Selling Causes Sharp Break
More Satisfactory Crop Reports the
Chief Influence

New York. May 1o.-Thcrc was a
aeclining tendency in wheat markets
carly III the week, but as there were
numerous rallies the net loss was
rather lnconseuuentill. At times there
was noticeable falling off in the de-
mand. while offerings were fairly
large. with moro pressure To sell for
poth accounts. prompted largely by the
receipt OF more favorable crop reports
PARTICULARS from Kansas and Missouri
AS frequently happens. many fields
that looked almost worthless a week
ago are presenting healthier and
more Vigorous appearance. following
beneficial rains. With more favorable
weather II is imasincd that the con-
dition VIII show Improvement and that
the June report of the Department OF
Horticulture viii be more satisfactory.
4h's' II Is Thought. however. can only
coNhterbaIanco IN small way the
huSe area abandoned. Tho rocoyeries
We're brought a0out parity by unfa-
Norable weather i'll tEe Northwest
where II has been wet and exceeding
~ cold Tor the season. light or heavy
frost being reported III many places,
and therefore spring seeding has been
further delayed
Using tue -,bandourd Acreage.
This IS especially unfortunate in view
of the renewed talk uI material de-
crease III the 1cre0Ee- Instead OF SON
ing AN unusually .IvSc area as inn
asined because OF tne attractive
prices. il turns olr ,hat many farm
ers are beginning 10 Practice rotation
in systematic way. Many acres pre-
riousiy sown 10 wheat Will be used
for other crops this season. Buying
was occasionally stimulated rs con-
tinued light primary receipts. while
both the exports and the shipments in
to domestic channels We're fairly large.
Therefore il is safe 10 say that there
will be another reduction in the visible
supply. Steadiness was Missed tenn
porarily by the big decrease in the
worlds available supply, S,S0S,eoo bu-
shells. against 5,S4S,o00 bushels Il year
ago.
More Selling.
Late In the week there was FUR
Their decline. In fact. prices broke in
Il somewhat sensational way, as de-
mand was insignificant. while Offer
ings Were large. There was strons
selling pressure. Hence many small
traders showed signs Of demoraiiza
ton. The rcpidity OF tho decline seem
ed TO be almost wholly caused by spec-
ulative tactics, suggesting to many
that large professional operators in
the West were actively manipulating
the markets ON the other hand, 1t
was claimed that many large Western
trders who had been long of large
lines We're unloading freely. Dealers
who were predicting almost a crop
disaster a little while ago have now
seemingly gone over to the bear side.
and now they imagine that the crop
will be about as large as last year.
Whether they are sincere in this
view cannot be determined. Selling
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-05-20

liverics OF crude steel were considered
n"erics OF crude steel wer considered
promising symptoms. The material
fortniShtly reduction in the European
visible supply OF copper, with reports
OF large buying by the principal do
mesuc consumers, gave an upward
Impetus to the price of that metal,
the highest on the present move
Parallel advances in silver and white
lead spread these influences all through
the metal industry.
Urgent liquidation in the whea,
market was taken 10 mean that The
worst In the crop prospects had been
discounted In tho speculation. 1t did
not escape comment. however. that the
Impairment of the carly hopes OF the
wheat crop had been little noticed in
the period of advancing prices of
stocks. Bad weather obstacles to corn
and cotton planting and the possibili-
" of reduced acreage in spring wheat
also enter into the estimation OF the
future.
The April IS returns of the national
banks to the controller of the cur.
rency indicate the large transfer OF
reserves away from the central re-
serve centres in the two months in
terval since the last call. and cor
responding loan expansion in tho
same direction. Such Il movement Is
indicative of commercial expansion and
revival.
Hardening OF the New York money
market in the same period IS also
thus explained. Ai>li foreign trad,
also made a record. with value of cS-
ports the largest for the month, and
with value of imports and absolute
record. The prepondcrant growth III
import values left the export excess
for the month the smallest since 1885,
with the exceptions of 1909 and 1910
New York's command OF foreign bank
Ing credits was corrcspondingly ar
fe0tcd by comparison. SLuggishness
in the bend market may be trucea bic.
pHrtlY 10 this showing.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-05-20
NEGRO KILLS HIS WIFE.
Murder mt AustinviIIc IL Result of Do
nestle Troubles,

Especial to The Times Dispatch
Wythevillc. Va. May 19.--joha Har-
rison. a negro OF Austinville. shot his
wife yesterday afternoon. They had
oeen having domestic troubles. and
were living apart. The shooting oc-
CURED on tho road from Austinville
10 Ivanhoe. The woman. accompanied
by three young negro men. was walk :
ing to Ivanhoe TO witness ball game.
and the party was met by Harrison,
VINO advancing, fired and made his
escape
sheriff 7 s Davidson went to the
scene OF crime last evening, hoping
to trace the murderer with his blood
hound. but nothing has been heard
from him.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-05-20
DAN WILLIE ELkS
PLAN NEW HOME
Structure to Cost $4,000
Soon Will Be
Erected.
Especial 10 rhe T!n,es.pispatcb. !

ISpecia! 10 The T!c! -Di spatchl
Danvillc. May l9--N-itnin tho next
few weeks work VIII De commenced
upon the new E!ks' Home. plans for
which We're recently drawn and adopted
AT 1t representative meeting of tho
local brotherhood. This now building
which is to be erected upon tho site
oi tho old one, Was recently used as
temporary post-of,ice. pending extern
sive alterations in the government
building. VIII cost approximately $50
GOO. The site Is the most desira bic
one in the business section OF Main
Street. and when the three-story home
mas been constructed II Will in no
small way beautify the appearance OF
the whole street.
The building will be OF stone con-
struction, tho cXtcr.o. OF the front
being OF velvet brick and colorcd tiles.
over the Main street entrance there
VIII be roomy porch. ten feet wide
and forty-siX feet long. with tiled
hoor In the centre of the porch there
VIII be stone pedestal. upon which
VIII stand large bronze elk. An
iron marquee. upheld by Iron chains.
VIII cover portion OF this porch. Re-
sides the mai entrance. there Will be
two others. one upon Floys Street and
the other in the extreme rear OF the
building. The basement will include
A billiard room, twcnty-cight feet by
thirty-one and half. three alcovcs
being included for card parties. This
room Will communicate with tho
Rathskcllcr. Il room slightly larger
than the former, and equipped with
several Pullmans to seat four This
RathsHellcr will be wainscotted and
the furniture will be of the mission
type. An open fireplace will be an
other feature of this room. y small
private dining room will be included
in the basement, as well as a kitchen
with pantry. i special feature of this
lower floor Will be a roomy summer
porch At the rear of the building.
Upon tho first noor, which VIII be
three feet above the sidewalk viii
be the grand social room whic, will
measure twenty eight feet by forty
seven. there being two largo fircplaces
at either end. y sccrctary's and pri-
vatc Office will be included in thi.
room. Adjoining the social room VIII
De the lodge room ana banqucttinE
hail. This will be tho largest room
In the building, and special rift
wood floor will be put down for dane
ing purposes, and stage twenty
three feet by ten Will be built for
dramatic productions. Tho dressing
rooms Will give access to this plat
torm. a messaninc floor will run
around the social room at the height
Of tho second floor, which will give
access to committee room, a ladies'
2arlor and serving room. On this
floor there Will also be a lodge room,
an anteroom, q candidates room and
paraphernalia room. There will also
DC SIX bedrooms upon this floor. The
third floor Will be devoted exclusively
TO eight bedrooms; a bathroom is also
included
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-05-20
SENIOR CLASS MAKES GIFT.
VIII Place Electric Lights on Cnmpu.
Honor System IDdorsed
Especial 10 Tho Timns-Disna,cb1

Especial 70 rhc Times Dispatch.l
Durham, y. C., May 13--The senior
class. at meeting last Thursday.
decided 10 give AS class gift 10
10 be located on the campus in the
most desirable positions. The LAMBS
VIII consist OF one light placed at the
TOP OF an upright support. with four
smaller globes. two on each of two
crosspieccs fastened to the upper part
of the post. Each member of tho
class was assessed 10 cover the costs
of the light.
Officers for the coming year were
Fortnishtly Club. held Thursday night
IN the Science Hall. DR., +. c. Brown
was chosen president: Professor w. H.
Wannamakcr. vice president; S. S. AL
derman secretary, and y. l. White
treasurer
IT, S. Bennett read a paper before
the club dealing with his experiences
IN Paris on his trip to Europe last
summer.
The junior class at a meeting last
Wednesday adopted resolutions in re-
gard to the honor system, thereby
starting definite movement for the
inauguration of this system in the
coming examinations. The seniors at
their meeting Thursday morning
scntinS votes. and now the matter
stands ready for action on tho part
OF the sophomores and freshmen. The
plan calls for a committee of three
men from each class. one of whom
snail be the president. whose duty it
snail be to investigate all charges
brought before them in regard to dis
honesty on examinations. and report
10 the class on the matter, recon-
mendinG clemency or expulsion as the
case may merit, or IL the charges are
FOUND to be untrue to dismiss the
matter without more publicity. These
committees may have the privilege of
consulting tho officials of the college
should the case prove serious enough
to warrant this action.
should this, plan be adopted at
Trinity college there is no doubt but
that this system will soon be placed
on the same footing as 1t is IN sew
eral of tho larger colleges ana univer-
stiles of the country.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-05-20

two wecks, 1t will be some time after
June 10 before farmers in that section
| VIII be ablo to plant their crops
Therefore. besides starting with a
| lower average condition than for come
years past, the crop this year Will
have n greatly reduced acreage than
the record breaking area planted last
year.
The Governments Crop Ncports.
The action OF the Senate in passing
The bill to have the Agriculture Blu
reau delay issuing its crop reports on
the acreage OF cotton until after July
leaves in DOUBT tina question as 10
whether IL will appear on June Of
average date OF May -, as announced
recently. The Senate's bill is dire--
ent from the resolution on the dates
fixed for the acreage and condition
to be reported on. as passed by the
House last month. They must get to-
Sether and concur IN their resolutions
n'sfore the close o: the ensuing; week
or the Agricultural Bureau Will issue
It's report on both subjects, as Il has
stated. on juno {.
The data are collected 10 the aver.
age date of May %. for both OF these
reports, and as Monday Will be the
goth, there will be a grand mix-up
unless the matter Is definitely settled
before the bureaus 25.loO regular cor
respondents begin TO send IN their
estimates.
The Markets Future.
Tho future course OF the market de-
Ponds entirely upon the outlook for
the new crop. The fact that To- 800, 900
bales were raised last year. with the
worlds spinners consuming l4.5ooooO.
and taking another 100000 bales as
a surplus on investment on specula-
ton, does not require another big crop
this year Nature was so prolific last
season, and the conditions were then
SO unusually favorable. that a repeti
ton is hardly to oe expected. Indeed
nature seems to be already starting
In to even up matters
Already experts are fgN-ins on the
acreage being under 35.o00b0o. against
the record of 36,7oo.ooo actually plant
cd last year on the Eovernm ent's re-
v!sed estimates and an average con-
dition OF not better than so per cent.
Is being considered a fair estimate Of
the condition o. the plants where thu
crop has come up so far This would
indicate prospect of not less than
100000 bale crop at tho start of the
season. If that Is not improved upon
as the season advances, there would
he no bmrdensome supply to ne taken
care of from the last crop.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-05-20

SOUTHERN RAILWAY

FHENIEF CARRIER OF THE SOUTH.
Trains Leave Richmond.
-. B.-FoiioSing schedula nSurea puhl.,h-
ed az Information and rot guarauteed: I
For the South-Daily: $40 A. n Local
1875 \. 81. Express 500 i. II. Hxpresa
with electric lighted Sleeping Car FOR Al.
lan;a and Birmingham. li.S p 81 E1prem
Week Days: 2oo p. N. Local.
YORK RIVER LINE.
40 p. NEUTRALITY-SUSPICIOUS. for Ea,.,.
more Mon. Wed. aad Friday. 600 A. A.-E1.
Fun. and AL; p. M.-Mon. Wed. and Fri.
day-Locaa
Trains Arrive Richmond
From the South: ESQ \. NJ. $40 A. NJ
400 p. NJ. s:cS r. 81. daily: 1855 Elk sun
From West Point: $40 a. 81. daily. ii:cS A.
NJ. Mon. Wed. and Fri. t:25 p. II. Elk sun.
S. L. BURGESS. D. p A.
eoI Main ST. Phans Madison 272
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-05-20
sEABoARD AIR Iryr.

southeound trains scheduled TO leave Rich.
mnnd daily: s:o5 A. M.-Local TO Norlina.
l::' Il. M.-S!eepers and coaches. Atlanta,
Birmingham. savannah. Jacksonville s:zs
4. M.-Sleepers and coaches. Jacksonville.
j. % =. A.-S!eepers and coaches Atlanta.
Birmin CHAM. Memphis Northbound trains
scheduled to arrive in Richmond daily:
40 A. NJ. 9:2o A. ~. s;oo II. N. $40 p. IL,
Local
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-05-20
Norfolk & Western Railway

ONLY ALL Raj. LINE TO NORFOLK
schedule in Effect May y. 1872
Leave Byrd street Station. Richmond. FOR
NORFOLK: bs:io A. N. 800 A. H. a3;N
F. NJ 't:io 2. NJ. b7.2s 2. "
FOR LYNCHBURG AND THE WEST: .s:ls
y NJ. 1000 a. NJ. a3do i. II. $3.50 P. II
Arrive Richmond from Norfolk: all 40 A.
NJ. bliis A. NJ. 's:3j =. NJ eio:25 p, NJ.
'li:5c L. NJ. From the West: go A, NJ
n.;Oo p NJ. bt.io p. ~. 80; r. NJ. 900
y. II.
.paiiy. aDaily eA. Sunday. osunday only.
w. b. bENiLL C. H. BoSLEY,
u T. a. koanoke d. y. a. Richmond
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-05-20

cents; 6iXs0s, 33-i cents: sl.e-inch
oi%ois. . cents: brown sheetlngs.
Southern standards. a. cents and s
cents; denims. 9-ouncc 1914 cents.
uckinEs. s-ounce. Is cents: STAPLE
prints. 5l-4 cents: standard staplc
Einghams. 6 Ia cents dress Singhams.
Ii cents.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-05-20

was stimulated In part by reports
| mat. despite the weather, seeding had
| made good progress in the Northwest
ana Whatever Shrinkasc there would be
IN the acreage in North Dakota would
be largely cuuntcrbalanccd by an in
crease in other states The declining
tendency MAS checked temporarily by
continued light receipts at primary
points. while exports and shipments
into consumptivc channels are fairly
large.
Therefore it is believed that there
VIII be large reduction In the Wis
ioic supply on Monday, probably over
100000 bushels.
Cable adviccs lave been somewhat
discouraginG. but. of course. ordinary
traders are paying no attention TO
! trivial changes abroad because OF the
( fact that we Have no wheat here. cX-
ceptinS what is required by millcrs.
Perhaps we may have Il little ia export
IN the next CROP year, provided the
spring wheat crop is bountitul one.
or more than ESQ. 900 0O0 bushels. Natur-
ally. therefore. exporters will watch
the weather IN the Northwest with ii
sharp eye. Shippers to tropical mark
cts would have taken fairly large
quantities OF noGr had the offerings
been adequatc Ani prices on n slight
Is lower basis,
scliius ~ corn.
G>,sly in sNe week. corn was mac
tive. with slow .,sd narrow fuctua-
tons fEc comps yNtlvc steadiness was
Sttributed mainl, 90 cold, wet wealth
er West. wAicli u;Atc satisfactory pro-
Ersss diJs!oai; WIKI blowing and plant
Ing. SucSclWer,iS there was a rapid
break NriesS Failing In a somewhat
Star;lic@ Nay, watch was brought
aooUt by tree ssncval selling, includ-
Ing l.QuIc&;iSa 4=a bear pressure. 1t
Vent az taila. sSowlns weather, there
Will be ii;;tc .. ~ necessity of feed
Ing much coTa. SCR this reason, prices
In cash markets broke speedily.
Moreover. adviceS tEom many sections,
especially !:om those places where
there was 10 excessive moisture,
planting made good progress. For a
Ions time conservative traders have
admitted ;Aa, prizes were at high
level-so high. In fact, that business
was greatly restricted. Nevertheless.
they could sec little or nothing on
which 10 base n ra1terial fail in values,
so long as supplies remained insight
cant. II is conceivable that stocks
before the new crop becomes avail
able, unless farmers have much larg
or reserves than generally supposed.
Needless to say, climatic conditions
will play large part in shaping the
course OF prices during the summer
and fall.
oats. too. declined sharply. as de-
mand was light. and holders were
anxious to unload, because of the bet
ter weather and reports that d large
area had been seeded.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-05-20

ton IN this direction. and any de-
ve!opments which tend to prove the
correctness of thksc claims vii! DC
made use OF extensively by bear trad
ers. Tho weather. however, Will be
tho main thing, and Will have the most
!nnuencr on prices.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-05-20
Richmond & Petersburg Electric Railwa,

Cars leave Manchester. Seventh ana Perry
Streets. for Petersburg.
&c. Z. 5. %. 10. II. IL A. NJ, 1. 2 "a 4 s.
49, IS T. 5. -. 10 p. II.
1880 p. NJ. fo- Chester. 1890 midnight for
Petersburg.
Street. Tor Manchester:
t5;l5. e:2;. ''l:l5. 'ia5. $685. ,as. $685. 11:as
a. NJ; i2;sS. u 35. 2:S. s;35. 'i:3j. 5:25. 6:a5,
'';s5. S:35. 1885. 1890 ii'io p. n
tDai!y. except Sundays and holidays.
Carries baggage and express
''Limited. except Sundays and holiday
+ All ears from Petersburg connect with
cars for Richmond.