The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-10-09
CROP REPORTS IRE
SOON TO Be MADE
WILL SETTLE ALL FURTHER DIS
ruTEs REGARDING SIZE OF
PRODUCTION.
COTTON Is BOUNTlFUL
CONFIDENCE BEING DESTROYED III
DISAPPOINTMENT AND
POLITICAL ACTIv-
TTY.
By THOMAs c, s4oTWEIL.,

NEW YORK, Oct. S.--Rsports by
the United States Government to- NOR
row and Tuesday will tend to settle
all disputes regarding the size OF the
| crops. To-morrows report will be
on corn, wheat oats. barley. rye and
potatoes. chiefly, and on Tuesday the
government will give q general report
covering all crops. On Tuesday also
the Steel Corporation will announce
the volume OF untitled orders on It's
books. and the Copper Producers As
ISOLATION will give production OF the
United States for September.
The official plan for recognizing
the American Tobacco Company h
also expected, as is a detailed re-
port OF tho Steel Corporation by the
Commissioner OF Corporations at
Washington.
The grain reports by the govern
ment are expected to show some i'm
provement over the disastrous an
nouncements of August and Septem-
| Der, but the fact that there has been
disaster in the agricultural sections
OF the whole world needs no further
confirmation than the constantly in
creasing cost of food In London the
cost OF food has nearly reached the
high record, having increased sixty
two points during September. accord
ing to the calculation OF the econo-
mist Tho greatest rise was in cof-
fee, sugar and butter. which contrib
uted 30 la points OF the increase,
while cereal and meat contributed IL
points.
Cotton Only Bountiful.
The only crop in tho United States
that has bsen bountiful IL that of cot
ton, and there Is official assurance
already that It has broken high rec
ords for the number of bales pro-
duced. But the sad feature Of the
cotton crop Is that great as II ia 1t
will be worth less than the crop OF
last year.
Up to Saturday night Europe had
taken something over 10000 bales
of this years crop. compared with
about $4,000 bales at this date last
year. But the 100000 bales brought
about t15.00o,o00 less to the Ameri-
can planters than did last years $780,
600 bales. The farmers are selling
RAPIDLY as possible, and they are
breaking the market to new low
levels constantly. There Is every as
surance now that fully 100000 bales
or American cotton will have been
marketed before the 1st OF December.
which will be a truly remarkable rec
ord
Destroying Confidence,
business In the United States Ia
gradually siaekening, partly - the
| result CT the crop disappointments.
which NATURALLY intensity tie bitter
Ness OF political discussion, and caused
iurther destruction Of confidence.
James J. Hill says there Is nothing
the matter with business but lack Of
confidence That is like saying that
the man who died was perfectly heal
thy except that he had heart failure
shrinkage Of business is making
itself felt in the gross earnings or
the railroads. The strike OF shop-
men on the Hartman lines II enabling
those railroads to reduce their ONE
rating expenses materially. A 'arre
proportion Of tho labor union. agree
With the attorneys of the HAr.i,naa
railroads that the strike Is = con-
spiraey under the Sherman anti-trust
law and that It would be 8 violation
OF the sherman antitrust law for
omcers of the road to confer with
tho strikers. even II they de.,red To
DO -. Therefore. the strike will
/ have to go on unit lit wears itself
out
! Roads like the Baltimore ana Ohio
and Pennsylvania. that are not so
fortunate as to have strikes. viii be
compelled to discharge men.
| Independent tobacco companies
have pat themselves in a dangerous
| situation by combining to fight re-
organization of the American To-
bacco Company. While their COM
bination Is no doubt inspired by proper
motives they have eonspired under
the terms OF the Sherman snti-trus,
law and are all subject to prosecu-
ton. AS result Of their conspiracy
they have advanced a startling prop
osition TO the effect that owners Of
the common stock of the American
Tobacco Company must not be per-
mitted to own the fragments of that
company sitter ACKNOWLEDGMENT.
| IL the owners of the stock do not
own the property OF company. who
does:
II may be unfortunate that ten
men own most OF the tobacco stock,
but these ten men cannot ,be de-
prived of their legal rights without
destroying all investment values In
America.
Steel Trust Divided.
| In connection with the report by
the bureau Of corporations on the
steel trust this week high banking
authority says that the steel trust
will be compelled to split It's wire
business into two companies, retain
ing one and distributing the stock Of
another to its shareholders as a spe-
cial dividend. 1t will also, he says,
be compelled to make lower rates
on its ore carrying railroads thus
enabling independents to use those
lines on equal terms. With these
changes he believes the steel cor
poration will be safe from all poiiti-
cal attacks This same banker be-
| lieves that the anthracite coal trust
Is doomed and he favors the liouidn-
ton of investors OF stocks OF the an
thracite coalers.
MISSING WIFE Is