The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-09-09
(isy Thomas C, sltotuell.

NEW fottk, sept. S.----The govern
ineHt crop report to-day confirmed
the one or month ago that showed
severe losses IN nearly all products
according TO the September report,
taefe VIII be about 100000 600
'ousheis more OF corn than indicated
IN the previous one. Against this i'm
proFement there is q further loss OF
ABOUT 2,90o.o00 tons in hay and OF
about le,0bQ,o0o auah els in wheat
THESE LOSSES about offset The gain
ana theer Is the additional unfortu-
nate circumstance that at this late
season Of the year 1t is I'M possible to
TAX further of improvements.
IN the stock market there was real
alqaadatIon throughout the session and
prices closed net lower In nearly ell
issues. Even al the low prices, con-
sefFadve interests refused to advise
purchases, except in some speeialtiss
me reason Ii that more liquidation
~ reared because a great portion Of
| the pubic has been fooled by news
papers and brokers in regard to the
crop situation. The hope has hsen
Held out of very extensive improve
mont and the report OF to- day de-
stroys that hope
sial'gning Union Pacific
another campaign of misrepreseu-
L.
racine A press agency has been
established at Chicago that IL send
ing out dispatches dated from other
cities Investigation shows there iy
ABSOLUTELY no foundation for the
statements made. Mrs. Il. H. Har-
riman, by the way, has returned from
her visit to tho West, and that win
Stop ta@ insi1y reports OF an inveati-
CATION by her OF the Union Pacific
management. II liz known that she
mas not only held all her Union Paci-
nc end Southern Pacific stock. but has
pure ha5ed more on the recent decline
H., II. Hartman died just two years
ago to-day. and the stock market died
WITH him. Wall street Ii Just begin
iiins 70 realize what an important
factor he was In the financial world
Hawloy on Short Side.
oelllhs OF stocks such as has been
in progress for the last month needs
no further explanation than was fur
hlsned by the crop report OF August
ana the one OF to-day. But the
brokers' Who ara trying 10 feel them
selves IN regard to crops are seeking
Personal explanations. and yesterday
they had Edwin Hawley, the leader
OF q campaign on the shot side OF
stocks 1t In possible that Mr.. Haw-
ley d1d sell few thousand shares of.
railroad issues as hedge against his
own securities which are too in
active to ba handled properly In
declining market Daniel G. Raid
was also named again az opposed TO
the market, but Mr.. Reid was 1T his
Office only fifteen minutes yesterday
and there WAS apparently no eonneo-
ton between his hasty visit to the
street end the. heavy sailing late In
the afternoon by a commission house
on Broadway.
New low records were made by
some stocks and approached by
others. Iehigh Valley, Missouri Paci-
flc and Canadian Pacific made new
bottoms for the movement. Steel came
Within a fraction OF its low price and
in the late trading others seemed
needed an that direction, with so
much momentum as to make 1t only
question OF "a short time when they
reach new bottomH.
Hanks losing Cash.
Owing TO the heavy loss In cash
sustained by tho banks in the last
two weeks. the statement to be issued
tomorrow will attract more than
81 5,o00. 900 and no movements OF
money for this week indicates a loss
fur the week ef above 81 cot. 900. IN
this connection attention Is also di-
rcCted 10 the great reduction or stocks
and bonds on hand reported by the
First National Bank. This reduction
would not attract SO much attention
but for the fact that other banks con-
troiied by the same interests have
rfiGFGAsod Their security holdings Just
about enough to balance the shrink
age in tho First NotionaI holdings.
Rockefeller Has tho 'Eiocks."
Canadian Pacific sold at 224. which
ia the lowest price Touched In. nany
weeks 1t Is understood by friends
OF William Rockefeller that he never
had SO much cash on hand as at
present, and. his recent trip through
Canada impressed him so favorably
that he lis expected to put some of his
cash into Canadian Pacific should ii
continue TO decline.
Baltimore and Ohio made another
low record, and reduction OF its
dividend Ia now accepted as fore
gone conclusion.
NEW YORK. Sept. s.--Money on
call at the Stock Exchange to-day