davidaulloa/AmericanStories huggingface dataset:
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-14
SENSATIONAL BEAR
MARKET IN WHEAT
From Nearly Every Part of World
Comes News of Nature to Force
Prices Down.
Especial to Tho Times-Dispatch.l

Especial to Tho Times Dispatchl
CHICAGO. February l3.-Therc was
Il most sensational bear market In the
wheat pit to-day which resulted In n
break of l-2 cents. The May. future
touched Sl.oS as high point. and 1t
slid downward until II reached $3.50
which was 9'1-2 cents pelow the rest
Ing spot on Thursday. The July flu
ture sold between l24<and I2s rs. and
from the low spot IT reacted and ad-
vanced to 100. which was 5 cents be-
low the close OF Thursday.
The news. generally speaking, was
most bearish in character Nearly
every part of the world contributed
more or less To the bear side of the
speculative ledger. The sharp price
losses at Winnipeg and Liverpool on
Ftiday--these being the only markets
OF the world open to busincss-causcd
many in the trade 10 feel that de-
cline OF more or less inheritance was
due at Chicago to-day The decline
arrived. and il arrived in manner
that attracted general attention. Stop
loss orders were uncovered and there
was general liquidation by longs
coupled with the putting out of short
lines.
There is a possibility of at least a
part OF the RUSSIAN surplus finding it's
way into the importing countries and
TINS has Quieted the buying power
there Special cables told of tn. re-
lease OF large number OF boats by
PREMIER ASuuith. and these vessels will
proceed TO Argentina and bring out a
Goodly amount of grain from that coun-
TRY which IL now awaiting shipment
The farmer was Il free seller of wheat
which is always the case on a dcclin-
Ing market. There was no business
mere TO speak of In the cash article.
When the sensational break in whca,
Is considered, corn held up we'll In
price, the losses being only SIS to "a
cent The weather is mild and un-
laNorab BILE for threshinE and moving
.his grain, and the roads In the inte-
rior are almost impossible. Commission
nouses bought corn freely and u great
deal OF this buying was OH Investment
account
oats were SIS to cent lower. yet
they recovered some from the lowest
levels of the morning. This market
@as under the same influence as corn.
The export inquiry was good, with sales
liberal. tho total ut Chicago amounting
TO $4,000 bushels, and at the seaboa rd
they were reported as large.
Lard attracted general attention be-
cause OF its sharp price changes 1t
vas supported by one of the larger
packers. which. with the strength in
the hog market. sustained the list fair
ly we'll during the morning. The weak
ness in grain. however. caused general
losses. Cash trade in meats and lard
was small.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-14
Rank Statement

NEW YORK. February 1S-The statement
OF tho actual condition Of clearing hous .
hanks and trust COMPANIES for the week
shows that they hold sl29.SI2s5O reserve In
excess OF legal requirements This Is de-
crease OF NilS?so from last week. Tho
statement follows:
Actual condition:
Loans etc. s22sI. $4,000; increase. sa?lsrCo
Reserve In own vaults. S36S.I6i.nh1 OF which
Se2s 5000 Is specie: decrease. $,liS.coo.
Reserve In Federal reserve bank sIl3 aaS =
toa: increase. s64s0oo.
Reserve In other depositaries sac ia 90 .
increase. saas1O
crease. s22.S10a
Net time deposits. ssal2auoo; increase, .s,s
Circulation. .a9+a."o: decrease. $1,000.
Aggregate reserve &5lIcl1oa0.
80.
Summary of State banks and trust COM
panies In Greater New York. not inciud e
In clearing house statement:
Loans. etc. sj54. 32s 100: Increase 3c:e .oO
Specie. $P.S2 iN): decrease. SsiS 400
Legal tenders. $40. 800 500: decrease 80 M
Total deposits. s6i2 5Go.6o0: decrease 1925
200.
Banks cash reserve In vaults sio.s3l.3t'.
Trust companies cash reserve I'm vaults
81. 23c.3 300
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-14
THREE

enucs of n large percentage of the lines
In the southeastern territory would
h" so impaired by such procedure az
TO make it impossible for them TO meet
their operating expenses, taxes and
liked charges and leave their stock
holders even Il moderate return
1T is equally obvious" continues
the statement, that IL would be un-
fair to punish the carriers in confirm
Ing to a changed public policy. for acts
which At the time OF commission wero
approved by public opinion.
Hence In working out the order OF
the commission such elevation of rates
to the depressed points must accom-
pany reductions TO the much larger
number Of intermediate points. as well
ut least preserve the revenues of tho
carriers.
The task OF revision is no easy one
1t has been undertaken in loyal effort
to conform to the law, as now inter
preted. and TO he fair to all"
Rates within the States which do not
conform to the principle of tho long
and short haul will be taken up by
the railroads with the State railroad
commissions. respectively.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-14
BUSINESS MEN OF CLOVER
ORGANIZE FOR GOOD WORK
Association Formed to Put Splendid
Little Town ON the Indus
trInl Mum.

CLOVER. VA. February lathe
movement for tho mobliztnc OF the
business men OF this wide awake town
In Halifax County has resulted in tho
organization Of the Business Mems As
sociation of Glover which has gone TO
work In earnest to do those things best
calculated TO advance the interest of
clover and the surrounding section.
The officers for the first year were
erected at meeting held in the audi
toriun of the high school auditorium
inns week. They are ~ follows: c. T.
GIBSON. president; y. l.. Taylor. vice
president: II, :. Martin. secretary and
treasurer. Glover is quite an active
tobacco market, located i'm tn. bright
belt OF Halifax County and does =
large mercantile business There arc
several wood working establishments
mere. besides other small Industries
ana the town has good schools and
churches. and being in the midst of one
or the best farming sections OF .hc
state there is every reason WHY 1T
Shouiu get on move. The business
Mch y Association proposes to lot the
OUTSIDE world know OF this good loca-
tioh on the southern Itaiiway=lrood
Tor numerous industrial cntcrnriyes
ana during the year 1915 il hopos to
'ocatc plants here To work up tho
abundant supply of tirst-ciass thinkers
GRIND the much grain grown in this
region ana other industries to give ON
pioSmcnt to the labor and energy tb,t
Is abundant in these parts rho csso-
c,at'on has commenced work along the
right lines >''
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-14
,Nccl,Iy Cotton ucy,cu

INV YORK. February I3.--Cotton goods
markets arc holding steady. despite the
more quiet trading in wholesale channels
Road orders coming in better volume.
and some Of the sections that have rot been
buying AT all are now supplying some part
OF their normal requirements. There has
hesn a steady demand for prints. bleachcd
and brown eottons and several lines OF
EinEhams. Wide ahectings. pillow tuninCs
and sheets and pillow cases are well under
order. Leading manufacturers OF tickincs
and den!ms have business enough III hand
to take care II the output for sixty days.
Fine anC fancy ccttons are being offered
at low prices; hut they are being bought
cautiously There is some increase in tho
export trade. and some further business has
come forward on sheetings from Red Sea
ports and from Africa india and China
are buying nothing for the moment. Cot
ton yarns arc somewhat higher. hut spin
ner's prices are much above those current
In trading centres. and business Is still re-
stricted Underwear and hosiery in
moderate demand only.
Prices are pretty we'll readjusted to the
new levels OF cotton quotations being az
Print cloths. cS-inch. ax6rs eTs cents: Gsx
COS. ~ cents: 3sisinch. e4xGt'a cents:
brown shcetings Southern standards. sass.
cents; uckings. eight-ouncc. III cents
denims. nine ounce, y cents: staple cling
hams 81 cents: standard prints. Az coats:
dress cinghRns. sH cents
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-14
SEES BETrER BUSINESS.
President of Steel Corporation Ii Opti-
rnintic-Suyn the Tide Hns


Basing his argument on an analysis
rell. president of the United States
Steel Corporation, expresses the opinion
that the tide has turned" and predicts
an early return OF prosperity. Up to
within few weeks ago" he says, cit
seemed as If the prospects Of material
Improvement in business were doubtful
hut apparently the tide has turned. and
each day records Improvement in the
general condition. 1t seems TO me the
time has come when cooperation
should manifest itself among business
men to bring about conditions which
will result in a larger employment OF
labor In my Judgment g campaign for
the constructive uDbuilding of the bust
ness of our country on a scale COM
menSurate with modern needs and oppOr-
tunitics should be inauEurated. What
ever may he the political outcome OF
the war. il is apparent that each of the
countries engaged will find il necessary
to repair the ravages OF it's domestic
commerce. and it Is of vital consequence
to Americas future position that adj
vantage be taken of the present oppor-
Aunity To exploit the products of Amer
lean invention. enterprise and quality to
establish n firm foothold In foreign
markets. This country has reached Il
crucial stage in it's history. 1t can at
tain the largest success only by gov
eminent and people working with loyal
~, zeal and courage in II constructive
and national sense"
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-14
Buckhnnnon and Northern.

FAIRMONT, w. VA. February 49,
The Buckhannon and Northern Rail-
road Company expects To finish and
put in operation It's Prickctts Creek
branch to Fairmont by April !. This
Will open up a new route between
Fairmont and Pittsburgh. The tunnel
on this extension is about a mile long.
and II has just been completed. At
the annual meeting officers were elect
ed thus: president, j. NJ. CchoonmalScr:
vice president. j. j. Turner: secretary
treasurer, J. Z. Blair, all Of Pittsburgh;
chief engineer, $. D. Brady, of Fair
mont; auditor, o. +. Kennedy, of Pitts
burgh: counsel. w. S. Meredith, of
Fairmont.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-14

harbor grounds will he pushed right
along. The indications are that The
railway track to the harbor Will be
completed by the first OF March.
Tine trolley line TO the harbor NAV
or may not be completed by that date
but the Indications are that 1t will be:
anyhow the local interest. that Is being
backed up by the Chamber of Com
merce and other wide-awake agencies
including the banks, and other organ
:zatioHs, to say nothing of the news
papers are pushing the good work
along. Newport News hopes to see
he small boat harbor doing business
in the early spring. The work on the
arst great building on tho new harbor
has been commenced. and IL is ex-
pected that this great cold storage
plant Will be completed before the hos
suns of the summer come
There is no doubt that when the first
buildings get under way great many
more will be started up. There is moth
ing like starting good thing The
cold storage and oyster canning plant
that has just broken ground on the
Small Boat HarEor'' will be followed
oy not less than dozen smaller but
even more ambitious enterprises
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-14
FREIGHT RATE REVISION
Railroad MnEnntcs OF South Cct,,,,
BukIncsN ON DIfiicult mud HI. LII


~ statement to the public has been
issued by the Southern Railway. the
Atlantic Coast Line. tho Seaboard Air
Lane the Central Of Georgia Railway
an" the Louisville and Nashville Rail
'o'u concerning general readiust-
fhent or railroad freight rates through
"u' inc southeastern territory. which
mas heen made necessary, i; Is stated
oE Il recent order of the. Intcrstatc
commerce Commission enforcing tho
iohE ana short haul clause of the In
.ers'ate commerce law X is signed by
thc presidents OF several companies
ana says that in complying with the
order issued by the commission some
raising OF rates, we'll as reductions.
Will be necessary.
obviously says tho statement "thc
removal of inequalities condemned by
the commission, by reductions ONLY
would result in disaster to the carriers
This fact is recognized by the commits
sion, which, I'm it's review of the situa-
ton. stated:
IL Is entirely clear that the rev
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-14
COTTON STARKRTc

NEW YORK. February i3--Cotton was
weak and unsettled under moro. Or less gem
eral liquidation during to-day's trading
with the close barely steady ut y net
decline Of II to IS points.
Tho market opened barely steady MT n
decline of 10 points In response to
"cnkneas In the markets at both Liverpool
and New Orleans over yesterdays local
holiday. Private cables indicated that the
market had beer pressed by heavy Amer
Jean selling. while yesterdays late break in
the New Orleans was partly attributed to
talk of an easier turn In the spot sltuatfo:
These features inspired selling hero. while
tho talk around the ring also reflected much
apprehension that tho threat OF the sub
marine attacks or merchant chipping in the
recently extended naval war zone might vet
result In check to the export movement
Houses with foreign connec Ions and local
:rade interests were buyers on scale down.
while New Orleans was also Il buyer here
after some early selling. and the decline
WINS checked at net loss Of about 10 to
II points. This break to 9.IIc for October
carried the market into new low ground for
the movement.
The rules and regulations issued ny tho
Department Of Agriculture In connection
with the cotton future law ami designating
tho epot markets on the quotation. or which
differences in the future markets are to
lie based. seemed 10 he without any infllr-
ence on the days trading.
Spot cotton. quiet: middiing. upiands, S.s5;
Gulf. $50. No sales.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-14
IMPROVEMENT AT CHASE CITY.
Factories Getting Busy AEnin, and the
Future .AsSumcn a brighter uur

CHASE CITY, VA, February 10
Manufa curing towns like Chase city
are essentially baromters OF trade, and
while the conditions here are all that
could be wished, things are, neverthe-
less, better than they have been for
some months past. and give promise
OF further improvement In the very
near future
The Jehreys Spaulding Company's
large box factory. which had been shut
down since the holidays, resumed
operations last Monday. and Is now
running with practically full force
The Nicholson Furniture Company's
factory Is running on part time. and
indications are that by the LIST OF
March shipments viii be about normal.
The Chase City Manufacturing Com
pany. manufacturers OF wagons. en-
ploying. normally, about 1875 men, has
been the hardest hit owing to the
fact that most OF their business Is from
the cotton section. From this section
they expect very little business until
conditions become more nearly normal
However. some small orders are COM
ing In from other sections, and ii Is
expected that they will open again
next Monday and continue on part
time.
a meeting OF the Chamber of Com
merce was held Thursday evening in
the Gregory Hotel 10 discuss ways and
means of lettering conditions generally
Among other things discussed was the
organizing OF cerdit mems associa-
ton and the advfsab ility OF voting adj
ditional bonds for municipal improve
mcnt.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-14
RICHMOND LIVE STOCK MARKET.

Kichmond. Va. February &C. is:J
Best steers "a. to Sc: medium to good. tX
to To- - common To- fair. ~ to 81; best heitsrI
mon to fa!r. ~ to FL: best COWS So to s:
n. to good ~ to 50; common TO tsir.
fair. ~ to bh: bulls. az to s: veaIs. S to 70;
dicks to 6: COW. and calves. 500 to ts=: best
ca to sh: best sheep. 5n to 81: medium 70
good. a, TO 81: common to fair. ~ 70 ~:
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-14
NEWPORT NEWS AND ITS
SMALL BOAT HARBOR
Proposition Tint VIII Bring in Many
New MISUNDERSTANDING
Virginia Port.
NEWPORT NEWS. VA. Eel

NEWPORT NEWS. VA, February 10
All OF the difficulties in the way Of
the development OF the small boat har-
Dor for Newport News have been re-
moved. and the harbor is now In good
shape for the introduction OF all kinds
OF new enterprises Tho Chesapeake
and Ohio Railway Company has come
right up TO the rack. and it's officials
have announced that the work OF
building their connection track to tho
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-14
tho holidays Of the carly par, o, mex,

week
Sentiment was hrn-ish but shorts were
not willing 10 increase the'r lines. Much
hearish talk WAS caused BY developments IN
International politics and lower spot prices
in the South resulted In unfayoraole COM
mcE.
enough. which Was apparently due 20 tho
continued heavy export movement and the
increase In Northern mill tak!nE.. Sec
rotary Hester. Of the New orleans Exchange.
put these takingS q. $500 bales for the
week. against 1l.9.t bales this week last
year.
Spo; cotton. easy. LIS lower Sa;cs ON the
spot. 30 bale" 20 arrive 10 bales. Cotton
futures closed: March. Sic. M.:. ST. July,
81; October. ss3: December. So
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-14
NEW Yonk rnopucE MARKEr.

NEW YORK, February l3.-SuEar market
closed on account of holiday Butter. uh-
settled Cheese. strong Spot coffee steady
Rio No. = &c. Santos No. I, sAc.
Cottonseed oft way steady carly to-day on
outside buying. hu, ear"d of In connection
with lard and grain. closing unchanged to -
points lower. Sales $50 barrels Tn" mar
"", olosed Irregular, Spo; pa .; Fcnrn-
airy. '.ioTIis. March. 1.i.u,.!9: April ;2.n
rs. May. 5.2sTI.gt: June. ..3>F'5.i 40 July.
',7a7 e. August. i.53u;.5s. September. ';,I
-
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-14
Senator Watkins I'll.

state Senator John w. Watkins, of
Chesterfield. is seriously i'll with pneu-
monia at his home in Midlothian His
condition, however, is not regarded as
critical. Senator Watkins is one of the
most prominent figures in the Legisla-
ture. He has served several terms
in the Senate.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-14
RE1ERsa1rRG PEAN11r Market

R,ro-t.d by Rodgers Plurnmsr n CO.. Incl
PETERSBURG. VA. February I3-Span-
tsh: Farmers stock-Msrket. quiet at Sst2
cents per bushes. Virgin!as: Farmers stock
Market steady. Fancy Jumbo. 81. cents per
pound; fancy handp!ckcd. az cents pc:
pound: extra prime. 81 cents PEI pound:
Smelling stock. q. to -. cents per pound.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-14
CHICAGO LIVE STOCK MARKET

CHICAGO. February l5-HoEs unsettled |
2ulk is75Ise y; light, is.s,Is'.oo: MIXED /,
.ss: pigs i5 taTn ca,,e x r"uFh ss
steers. S.+;ms,0: cows and heifers fsia |
Shecp. &s29nS.12: ycar!inKs. S..?5Hi. 81 !
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-14
NAVAL SrnPEa

SANANNAH GA February l3--'rurper-
tine. SterGy. Iei.. sales. none: receipts !G5
casks; shipments = casks: stocks - cci
casks. itosin hrm: sales, So barrc's:
c"!r,s. IS barrels: shipments. e. barrels:
stocks. 1852 barrels quote: a, Fl. 80
g. -. 40: e r. s.o5: g.. H. SO: L. 3is
X. SO; NJ. i"0: <, so: VIZ. 50: WV.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-14
MISCELLANEOUS MARKErs
DRY GOODS

NEW YORK. February l3.-Dry goods
wer" quiet On tho short day after the holt
day. Wool continued nrm and high Bur
laps We're firm; linens. higher. Underwear
and hosiery :or spring Were n better de-
nand
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-14

NEW ORLEANS. February ls-The price
Of cotton remained almost stationary to-day
the future list closing at exactly the Lowell
Of yesterdays close. Prices had no decided
Tendency ut any time At their highest
ih"' vow" 10 4 points over yesterdays
nnnis. and Mt their lowest 9 points under
Tie ,ditiIness was due In a great measure 10
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-14
BOND / lST

Atlantic Coast Line st is........ o..
Atlantic C"as; lSnc-i.. and y. - JhidJ 81
a q. j.. copv. Il Gu Baltimore. bIdj.. s.
chesapeake and Ohio conv. ii:s..... ~,
l.rgctt and Myers - Odd ........... inN,s
l.grett and Myers Observation-Disclosures. l.is.
Joriilard Company IS tbjdD............. 30
for!llard Company rs 'bidJ.............. las
Norfolk and Western conv. i'7s.... !c.,.
Senboari Air Line stamped Is ,hidb. ~
Sesboard Air Line adj. IS tbidi ss;.
southern Railway ................... ca.
Southern halfway - Observation-Disclosures. sa7s
United States steel al as. ............. Idi
L :: Registered 80. 1921 thil ........... 3S-.
'. s Registered e. 1918 thidl ............ 1915
L. & Registered -. 1925 ,bidt ............ r:ia
T. : Panama S.. l"6l tbiG'.............. ioiia
Virginia Brown brothers eff, ........... -
NR.-Car. Chemical lat IS ,,skcdE........ 3,
Va Rwy. and Power Co. - ,askcd,.. ~
Wabash deb. Is tb'd) Observation-Disclosures. :T4
Wabash Pitts Term. IS, s thidt........ so
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-14
CHICAGO GRAIN MARKET.
nv Levy Comlnis>ion COD
Rlchinont Va February g. ~

CHICAGO. February ,J--wheat foil aH
caN's 4 bushol In price to-day. tho most sen
satlorhl break since the war began Almost
complete arrest Of export sales had much
To do with forcing speculative" holder to
unload for short time gigantic scale.
Rallies followed. hut the market closed eX-
tren.slv nervous. So to "a lower than Thurs
Jay night. other net losses were: corn 81.
TO V: oats. :. to e to cent. md provisions.
10 to - cents.
Grain and provisions closing:
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-14
blankets for Italian Army.

CHICAGO. February 13.-Contracts
have been let here for 6Oo.0 900 pairs of
army blankets for the Italian govern
mcnt
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-14
RICuMoND GRAIN MARKET.
RichmOn1. Va, February l3 1871
WHOLESALE QUOTATIONS On CHANG
RICHMOND HAY MARKET.

Richmond. Va. February Is 1915
Following hre the quotations on tho Rich
mond Hay Exchange:
New Britain herald., 1915-12-30
ONE FOR ALL; ALL FOR ONE.

Democracy that knows no superior,
 the spirit that brings all men on the
 same level, that pulls down the
 monarch to the plane of the common
 people and elevates the proletariat to the standard of royalty is at once a
 paradoxical thing and yet a reality.
 It has been accomplished in this
 form of government, and now an inn
 petus is being given to it so it will
 to the South of the United States.
 There are in Washington today one
 thousand delegates attending the sec
 ond Pan-American scientific congress,
 and these men are being imbued with
 the spirit that has taken hold of North
 America, or that part of North Amer
 ica which Is called the United States.
 These representatives are being urged and they are grasping the idea. From the work already done it is highly probable that the doctrine of America for the Americans will firmly tako to come of it. By uniting of men and minds under the banner of Pan- Americanism many of the terrible rev. olutions that have occurred in the past in such places as Mexico and Hayti and San Domingo will be avert ed. The suggestion made this morn- ing by Secretary of State Lansing to all the nations represented will bring this about. He proposes that the twenty-one Latin-American republics join with the United States in con- vention for the arbitration of all boun- diary line disputes and for tho prohibition of shipments of war muni tions to revolutionists. It is under stood that Secretary Lansing's pro- posal has the full approval and SUD- port of President Wilson. The am- bassadors and ministers of the coun- tries concerned are forwarding the suggestion to their home governments.
 If it is adopted there can be no doubt that the way will be paved for a preservation of peace on this hemls- phere, for revolutions cannot get far if they are denied bullets and guns. After the example set by Europe the people on the western hemisphere should take heed. Peace with honor. and no internal disruptions,' makes a good slogan.