The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-10-10
lC|AL FIGURES
CONFIRM REPORTS
Sn0sr OPTIMISTIC CROP NEWS OF
THE TEAR IS HEARD IN
WALL STREET.
MARKETS ARE HEAVY
0ANk OF ENGLAND WILL BE CON-
PEELED TO ADVANCE DIS
: COUNT KATE To PROVIDE
MONEY.
MARKETS ARE HEAVY


NEW YORK, Oct. a.--NHi~fHi co.
nres issued by the United States gov.
arnment today confirmed tnv ...ust
Optimistic crop reports that have been
rnblished this year. Production OF
corn Is placed at s,oIs, 100000 BUSH
els. which compares with ASH. oo0,-
coo last year. OF oats the country
has produced Y,417.172.e0o bushels,
which compares with s22. 2s3,00e last
year Production of spring wheat is
3se, 1871, 600. which compares with
Ise.os2.0o0 bushels last year. The
total wheat crop is 72o 100000 bush
els Even tobacco has made a big
crop. the yield being estimated by I'M
ofl7cial authorities at 94g,e9S, SEQ
pounds against 965, 10000 pounds
last year Hay and potatoes are also
tremendously in excess OF last years
output The total OF all crops has a
money value this year of fully
~, 4o0, 0oe,e 600 in excess Of last years
crops. All practical farmers know
that next year will probably be a
duplication Of this years great crops,
because the earth is In such spendid
Gpndition and the enrichment of the
Mississippi valley caused by the
floods is so great that ordinary
weather next year viii bring out the
crops at their best.
Thus record tonnage Is assured for
the railroads the next two years un-
less some calamity unseen should
0ycrwhelm the country.
European markets were heavy to-
day partly because OF the war. This
war is of no Importance when world
wide questions are being discussed !
In about az important as the strike
IN the Utah Copper mines IN the
Bingham canyon. Continental gov
ernments being largely military, must
naturally show considera BILE nervous
ness at the audacitx= az balkans in
attacking Turkey, but the great na-
b ;0ns are not really disturbed and
this is best proved by the stability of
money rates following the deeiara-
ration OF war.
The Bank of England, however, will
be compelled TO advance its discount
rate To tttsssis4es ssstfaA fstfe ttsassa4tssfs
the heavy crop movement from the
United States.
Gas stocks were strong today, Peo-
pies Gas going 10 122 1-2. which is
the highest price since 1899. This
price was made on account of a
proposition to divide with the city all
profits in excess OF per cent on the
stock.
day and professional traders started
to follow the foreign land They very
quickly discovered, however. that
stocks were being we'll purchased in
Wall Street. Reading in particular
VAS q tower Of strength and I4ehigh
Valley. American Can and Steel
sto2d shoulder to shoulder with Ii.
About midday word was passed
around the street TO buy Reading and
the stock was taken by large and small
70 such an extent that the entire mar
ket was finally rallied and closed Ia
the midst OF a strong upward move-
ment.
The only unpleasant feature in the
industrial situation Just now is the
strike on the properties of the Utah
Copper company. 1T can be stated
on the highest authority that the
company VIII not recognize the union.
An advance Of wages will be granted
cheerfpliy. but that is all the men
will get and the strike may continue
until they decide TO accept terms of
the company.
One sale of Lake shore was made,
block OF 100 shares changing hands
Mt 44s, which IL an advance of $50
over the last previous sale which was
made about two year. Gross business
done by New York Central IN in
crsasing rapidly. the loaded car
movement for the month Of Septem-
her showing IN increase OF 100, 1853
ears over the same month last year.
The greatest increases were on the
New York Central main line. tho
Big Four and the Pittsburg and Lake
E-rie- Pittshurg and Lake Erie
stock. by the way, is said to be one OF
the bargains that IS lying about I'M
noticed.