The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-09-10
So SURPRISES, THOUGH COTTON
DETERIORATION GREATER
THAN EXPECTED
WHEAT BREAKS RECORD
c%oP ESTIMATED AT SS$,o0o."ea
ENTHUSIASTICALLY PRESSURE
on STANDARD SHARES
RECORDED

NEW YORK. Sept e--aThere were
no surprises in the government crop
report published az 2;l5 O'Clock this
afternoon. and furnishing estimates
On the principal staples ~ tht coun~
try. taking conditions as Of Septera
her LIST cotton having alresdY octh
rerorted on a week ago
Tha August deterioration Of cotton
provei. according to the government
srnres 70 have been greater than has
been supposed, and Tor that reason
there was some apprehension lest the
return THIS week on grams and othef
products would be UNEXPECTEDLY de-
pressing II turned out that the
trade calculations had been pretty
close 70 actual conditions all along.
respecting corn. wheat. oats ana
other commodities. and indeed had
rather fully discounted the govern
Yreut exhibit which was slightly bet
ter thar the advance calculations OF
private authorities,
Might Have Been More.
The present outlook for deficiency
In the Years haryests ia no worse
than had been anticipated. There is
a record crop If wheat estimated at
rs4 600 600 bushels. and the eondi-
lion Of spring wheat actually improV-
ed last month. With the exception 81
corn the indications are for crops
generally close 10, or slightly above
the ten wear average. II is To be
noted that the agricultural markets
during the day showed no tendency
.e advance further, and the stock
market acted after the publication q
The crop report very much as though
n restraining influence preventing
prevailing appreciation in prices. and
more active dealings had been re-
moved The trading IN stocks in the
last hour was almost one-third Of the
total for the session. and tho ten
dency II quoted values was upward.
the close being AT about the best
figures II the day.
In the afternoon there was some
early pressure on standard shares.
while few speclalties, notably the
Petroleum issues, made further pyro-
technical displays If strength. to the
accompaniment Of rumors which
seemed - have origin IT. manlpulat-
ing speculative quarters, After the
first hour in the morning the market
dragged along with little Ming, and
no tendency until the publication %
the crop return Thereafter profess
sinnal short covering moved prices
up rather easily and offerings did not
check the hardening movement
Amalgamated Copper. Reading anc
Union TaCTT1c ana dividend paying
railroad stocks as a whole were con
spicuous in the late upturn as was
Peoples Gas.
European News CoiorIcSs.
Foreign advices failed to supply am
influence Of Wall Street appeal. Thu
Bank Of Germany made another OK
cellent weekly return, and Frencl
rentes continued to rise. but Their
was nothing In the European news &
affect the domestic financial situation
although moderate foreign selling o
our stocks was reported.
Call money renewed at the loves
rate Of he month. 2 "a per cent, ant
foreign exchange hardened a bit
Some decrease in the supply Of com
mercial mills Is reported as the re
suit IF the rapid rise Of prices 70
agricultural staples, which has Sc
up the customary tendency Of pro
ducers TO hold commodities from tn