The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-09-09
MANY THINGS
10 SPECULATE on
1tsNsANssERs AND INVESTORS TO
- KEPT susy WITH REroars
DURING WORK.
EXCEPT BIG CROP :
--------
REFRESHMENTS REPORT ~ Dis-
COUNTED NJ ADVANCE IN FOR
MATioN-sLUMr DIE
IN BoxDs.

NEW YORK, Sept S.--Wall street
viii be kept busy this week with the
royernment crop report; Copper fFo-
Jucerx association'k statement OF sup
niles Of red metal on hand In tais
& ssotntry the election In Maine; lnlteu
states steel corporation untitled ton
( tiaVr statement for August. and the
initial meeting of the board of arni-
fration. appointed in the dispute pe-
sween the Eastern railroads and their
engineers. Surely financiers, specula .
tors. and investors could not ask Tor
4 larger collection OF developments
fva,y, which TO draw conclusions rela :
sixo Ia the probable trend of security
values
Interest Monday will be directed
chiefly on the governments Septem-
Der grain report to be published al
2.15 p. NJ.
Special attention VIII he given the
urebablei Yield OF corn. for this Is
tie most important crop the United
Esates grows. The major portion OF
ehis commodity comes to market on
/ haof, so that II will furnish con-
SINNERS an index 20 the probable
4 fYfnd of meat prices for the next
srrar. Best estimate places the corn
rrop at about 2,910.0o0l00e bushels,
as sI2- aee bushels or 24s hTasa
or 37s. 1000 bushels more than
fsnal harvest last year.
Expect Big Crops.
The principal grains, wheat, corn.
Z cats and barley, will, according to
Indications, show an increase of ap-
Hreximately 5s,eee.8ee bushels over
last year. This does not include the
potato and hay crop. The yield OF
s potatoes will probably be s2,26s,00o
bushels larger than last year. while
4 hay IN expected to show an increase
~ aS.55e, 200 tons. II was the short
age of potatoes and hay that helped
I increase the cost OF living the past
twelve months.
Wall street Is waiting for the grain
report with bulIish expectations 1t
4 IS, however. very rare that the Sep
U TENDER report on these crops has
\ been SO weli known In advance and
Y perhaps discounted.
In certain financial circles 1t is be-
iieved that the resut, OF the enormous
Il fennage OF crops and the consequent
increase in the volume of all mer-
rasasestse will Sc greatly tax the rail-
roads and transportation lines as to
cause congestion which may appeal
to the powers that be In favor of
higher railroad rates and more con-
sideratfon to these corporations. thus
4 enabling them to secure better equip
1nent for future emergencies of a like
kind.
Investors Hold aloof.
The further ishrinkage in cash
above reserves reported in Saturdays
bank statement does not argue well
for the bond market. 1t foreshadows
additional selling of securities by the
banks TO secure funds with which to
accommodate their customers. AS the
hanks hold the better grade of bonds
II IL expected in some quarters that
their quotations will be marked down
u To a leve! where the issues available
\ far savings banks funds will SHOW a
Il return OF i-e per cent on the in
eNxtrnent
Despite the decline Ia high grade
bonds TO new low records investors
continue TO hold aloof The drop in
New York City bonds the past week
10 new low records Is cue. probably
more than anything else. to the con-
dition of the market. New York city
h obligations are considered to be OF
X the best type. and a person with
aurpins funds cannot be expected to
u show marked desire for Investments
n when one OF the standards In the
bond market Is declining.