The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-08-14
ISALL, RIGHT
ON THE WHOLE |,
Crop Outlook Satisfactory and
Stock Market Shows
Good Undertoie.
WHEAT WILL BE VERY e. HI HIGH q |
Monetary Situation C Continues 1E1t1ut,
Favorable. and Funds Are
Plentiful in All Parts.
,s,,,,,,, /, !, Tbe Tlmcs. plspatch.)

{spee,nI5to The Times Dispatcll)
SEwy YORK, August 13.-Henry Cle ~:
u Co. il their Weekly Financial Review lew
says:
Another week has passed without any an
very serious damage to crops, or without 2't
/; materially reducing earlier es Inmates o.
The harvest. Wheat has risen to an I'M
;5ns,,a1 figure, s1o7, owing to reports Of
injury by rust. The government report eer
q f.,r August 1st has been issued, indicating
s cron OF COS, 1000 bushels of wheat, and
a . s5a ono 900 bushels OF corn. Some v de-
terioration has taken place III wheat
since the above report, and prlFate ses
Inmates are current ms low rs ooVl VoV,l'Vfo
q 1,,,shels High prices for wheat seem red ca
IS sonably certain, since a short crop ana
Increasing home consumption mean less
+ s,,rnius for export at n time when j sl
4 ropes necessities are urgent, the 5WoI ~ .
wheat crop being anywhere from rom ivy ~.
y to one hundred millions less .tllah i u
wear. Growers, therefore should receive
y good prices for their product IN com Pelnlt-
/ sation for a shortage
Cotton IN PleNly ~
Cotton We are likely to have IN plelnty'
4 and as this years heavy curta1lment Dy
the mills is depicting the SUPPLY OF COT.
y ton goods, the world S visible s npply OF o.
e cotton also being much reduced. there
\ is every reason to believe hat the planter
VIII receive a fair price for his product.
I eyen though it be below last years fancy
and fictitious figures. August is almost
invariably a month of declining cond.-s
Stion in cotton. but allowing for q hat fact.
the trade estimates of IL, 900, 900 bales on
this staple are not far from government
4 figures. There is a disposition TO create
y a scare concerning the boil weevil, also also.
on the scarcity Of labor; but the former
A seems to be doing. less harm 7 han last
Year, and the latter problem is one that
will probably settle itself. A slight rise
An the wages of cotton pick rs which
spianters can easily afford, Will Very likely;
attract an ample supply of abor, which
has temporarily gone 70 the scitie Where
employment was easier to obt IN
The oats, barley. hay and potato crops
all promise better than q year a go. and,
allowing for ordinary setbacks, the out,
look remains for better harvest thanSin
1893. The corn crop is still the subject
of most concern. for while the condition
is reported at 81, or nearly 9 points bet-
ter than last year, the crop Is late and
exposed to early frost. 1t should be
borne in mind, however, that this Is
the period of extreme sensitiyeness to
weather conditions; and, as the crops.
I! have reached a stage of maturity where
1 any damage is likely to be beyond re-
y pair, the markets will be particularly
exposed to crop scares and eXasGera-
tons. The whole country5is most anxious
for$ "a good harvest on which 70 base
s sound business recovery, and such q
contingency seems almost within grasp
hence much OF the hopefulness which
now prevails: and II the next four weeks
pass without disaster all reasonable hopes
are likely to be realized.
The Stock Market. &
Il The stock market continues to. show
a good undertone, chiefly because of
B improved business conditions and the
Ii satisfactory crop outlook. In addition.
i the strength of the traction stocks in
I fused fresh Interest In the market, and
even some of the long neglected indus
trials showed a disposition to respond
better business prospects. The iron
trade gradually Improves. and it seems
Il certain that the last quarter OF the
:, year is going to be the best for this
Branch OF Industry. Railroad managers
Sflook for heavy traffic during the fall and
winter, and as Tabor .agltation subsidies
THE business Improvement seems likely
5Ero5 extend,Y 81 Il
Our political situation presents no dis
turhing issues. 50 that apprehensions on
this score are needless. The monetary
!. situation also continues favorable, mas
much AS the crop demands. which will
Il begin shortly, are not likely to Interfere
with easy rates for money. Funds are
relatively plentiful In all parts OF the
3 country and the New York banks are
carrying a reserve OF about $4,000. 600,
n. which is much the heaviest surplus OF
1.-THE last ten years. Gold exports have
y commenced and seem likely to continue,
y; especially IN view Of Il short supply OF
4 grain bills this year; but future cotton
bills should soon be plentiful. Moreover
II the loss OF few millions would be
slightly felt here and would be benefit
E ] cial in London, SO that no concern ii
necessary OH this account. In fact, any
Improvement in London would quickly
\ be reflected here, and If gold commands
s t.hetter rates. in London than here, It Is
flor the common good to allow its depar.
a ture.
s The foreign situation has had little
y effect upon the financial markets. japan
II has continued her marvellous successes
e without serious Interruption. but II TIL,
war !sfto end this season. Japan mus
quickly win Victory. as the time
n is not far distant when aggressive oper
atoms on both land and sen will y,
heavily handicapped by the approach o.
winter. Since the outlook Is for
stronger and more active market, gooe
> stocks are likely to be purchase OF
sharp reactions and in the absence of un
favorable developments.
BERRYVILLE HORSE SHOW