The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-09-09
IN w Y 0rk
Stock Market

New York, September S.--The small
contingent or operators In stocks laid
aside political considerations to-day In
the conviction, apparently, that they
had lost their power to influence prices
The new subjects which were stibsti-
tuted In the attempt to find motive
force which would prove effective.
made but small impression on the mar
ket. The government crop report, as
IL did not appear until after 2:3o
o'clock, or less than half an hour be-
fore the close of the session, and at
ter the grain markets had closed for
the day had more the effect OF repres-
sion on ectivity than OF Summation.
The days lowest price was made a1ter
the publication of the report, out the
net changes for the day We're insisnth-
cant.
The monthly statement of the Cop
per Producers Association was Ill CAL
culated to relieve the apprehension
which is felt over the course of affairs
in that trade There was. to be sure,
a sharp increase in the deliveries 'nto
consumption both for domestic account
aud for export over the July figures,
bot the reduction in the surplus stocks
was less than the increase which oc-
Cured in July. The deliveries. whlle
large. fell materially below the iiSure
Tor January OIL TINS Seal' ait' - "
three of the active months OIL May,
June and July OF last year The Aug
ust production, on the other nand,
made a better record for any non.h
since the statistics of the present as
sociation have been compiled, rising
nearly half million pounds over the
previous record month of June TINS
year. The assumption that production
was being curtailed as result OF
NJ 1N.v onr "a rp
amongst the principal producers held
abroad was effec.ually belied by this
showing The publication came too
late to affect foreign markets, and an
advance in the price of copper occurred
In the London market. The effect on
securities here was slight. A further
crumbling in the price of American
Hide and Leather preferred carried 1T
to 10, the lowest price of the year. az
ter having sold at 80 "a on Tuesday
This represented the elimination CT
discreditable episode in stock mar
ket manipulation by which a pool in
the stock worked on the credulity in
speculative following almost 10 the
hour of the publication of the annua!
report The disclosure in the report
of deficit in the years operation IN
place of resources for payment of de-
ferred dividends which had been fore
told punctufed the SpeCuldllNe pupple
and led to a collapse which has no.
been equaled in violence since the
smash in Columbus and Hooking Coal
and Iron.
The incident was not helpful in re-
viving any general participation in
stock market operations. A sympa-
.hetic effect was perceptible on some
other Industrial securities of doubtful
value.
The small deterioration shown by
corn during August makes the percen
age figure compare better with the
ten-year average than the August !
showing, and raises the estimate on
the crop accordingly. The good wealth
ar of the past week comes into the
reckoning, also, to increase the prom
Use of a 100000 bushel yield The bet
torment in the spring wheat percen-
tage operates correspondinsly TO re-
store the indication for the crop for
that cereal The showing was re-
ceived listlessly by the stock market.
The time money market was called
easier to-day, but there was no i'm
portant change in quotations.
Bonds were steady. Total sales, par
value, $1065,oo0.
u S. bonds were unchanged on call
Total sales to-day 24S,200 shares.
New York Sentemhar S-Money on