Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-06-02
DEPENDS UPON CROPS
The IiresuIarlty. Of The Stock Market
Due TO Conflicting Reports.
LESS WHEAT WILL BE MADE.
A Falling on of 100000 Bushels
Expected-Cotton Continues Active
Pig-Iron Advances-bettcr ""
road Earnings.

The stock market during the past week
was irregular and affected very largely
by the conflicting reports about crops
Those who crowd our brokers' offices aions
Main street, however, look only on
one side Of the speculative situation
the bright side, towards which human
nature makes all OF us lean instinctiveiy
and there has been very fair amount oil
business done. As 10 the crop situation
In its entirety. IL has been summed w
tersely and truthfully by the crop expert
S. T. X Prime. He says:
eve are again In the midst OF drought
extending from Kansas to Ohio. Develop
ment of insect-llfe has been very rapid
and widespread. During the last week
the reports Of great damage to wheat from
insects are reliable and not exaggerated.
The whole general outlook OF the sea-
son has undergone a radical change from
one of great promise to one Of doubt and
uncertainty as TO final outcome"
With regard to the harvest outlook,
from present indications. It is generally
believed that the winter wheat will be
a short crop, that the prospects for spring
wheat are favorable, and that corn.
while receiving a setback from the
frosts, will be a good crop, II nothing
untoward happens I'm the three months
between now and harvest
In an exhaustive crop-report, which APP
peared in the Cincinnati Price Current OF
Thursday last. Il was estimated that In
view of the weather indications the crop
OF winter wheat this year would not eN-
coed 10000 600 bushels, or 100000 bushels
less than last year. The yearly yield
will not allow the usual amount for ex-
port, and will not exceed $1,000 600 bushels
The present marketable surplus Is
not over 100000 bushels, making the
total supply not over 100000 bushels,
while the home requirements are estl-
mated at about 370,OOoOO0 bushels
ACTIVITY IN COTTON.
There was a revival OF speculative ac-
tivity in cotton the past week. and prices
ranged Is points. The cotton market
opened on Monday at a decline OF TO s
points, with orders rather more scarce
than usual at market-openings for the
last few weeks. This early weakness
was, in a measure. due to the unsatistac-
tory cables with the foreign market. said
TO be manipulated IN the interest OF New
the price OF pig-iron and in the wages Of
the ron-workers is one Of the healthlest
signs, for il means not only more pros
porous times for the corporations con-
cerned. but an increased demand for BIZ
luminous coal that will be OF material
benefit 10 producers and carriers, and in
this connection IL is interesting TO learn
that there ia an increase In the gross
earnings OF seventy-nine railroads for the
second week In May Of 6.2 per cent, and
that reports received for the third and
fourth weeks so far are very flattering.
SUGAR CONTINUES TO RISE.
American Sugar has ranged points
during the week ola. to I'D. Sugar will
get its rallies. though there seems nothing
In the outlook for business to Justify pres
ent prices for this Industrial. but very
much to warrant belief In decidedly lower
ones eventually.
The damage to the fruit crop i'm It's
bearing on the sugar industry IS OF far
greater Importance than Is generally un-
derstood. II means an immense reduc-
ton in the consumption OK the article,
a reduction that the company will begin TO
feel at once and which 1t will continue
TO feel adversely all through the summer
and autumn.
During the last two days OF the week
the crop market calls for little comment.
1t was essentially a traders market.
In London there are the Whltsuntlde
holidays, and though the speculative pub
lie has more stocks than in two years.
and Europe is not the factor IL was. there