The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-08-10
|II[NE DOILn[sS
PRINCIPAL FEATURE
''rrxroAw SITUATION oBTRuDEs TT
u suEr uPox FINANCIAL CON-
81 srDERAToNs.
UNCHANGED IN MAIN
'uSpERLYIN0 STRENGTH Is con-
vEYED BECAUSE DAILY DE-
vELoPMENT HAD MUCH IN
1T CNrAvoRABLE.
UNCHANGED IN MAIN

NEW YORK. Aug. 9.--Extreme
Auiiness was the overshadowing feat
ure Of tho two-hour session today.
slightly easier tendency maniIesteo
mic throughout the list. but the vol
umS OF business was altogether insig-
niflcant. The Mexican situation OBJ
4ruded itself moro or less upon imam
4 Ma1 considerations and stocks OF COM
y anies directly concerned were. u any
real difference was discernipie. the
wenkest- Tho bank statement was q
rather MIXED one. There was an ~.
rrease in cash in tho actual figures OF
11.f6T.0 00, which was anticipated In
{na forecasts An increase IN loans
81 $3.50, 900 was unexpected and was
af@ffhufAd 10 q free movement OF COM
rnsrrfaI naper. The Steel corpora
f3ofl's report Of untitled tonnage at the
o116 Of July was 5.3as,35 tons, COM
rSred with 5.807.317 tons IN the pre-.
ceding month and 6,sb7.oss TONS ~
~ Same date a year ago.
g Mararet UNCHANGED In Main.
II n m main characteristics the stock
xnarket 81 last week was unchanged.
n va SIN a relatively narrow anair
snA dealings were at no time heavy'
ire upward movement was less CON
finucus. There were severai mats
1When proist- taking sales were ABSORB
a and new contracts ior the aeclia y,
1stered into. hut no indications OF new
stnniAafion Of consequence presented
eNsnselycss which argued well Tor the
S1abilify OF prices after their consioer
1hin advance. In spite OF the cnecks
~.ssfained quotations gained GROUND
during the week.
The impression OF unaeIisans
strength conveyed by the marke, was
81 ~, more marked because daily De.
- them
.s ..rSaycrable. There was no
nrnaking Of the drought ana nlsh
H~mnArAtures in the corn crop oei''
Earh day brought its flood OF sensa
N~rsa d,spatches from the experts IN
80 f,e1d reporting highly critical sIa.e
~ affairs In the Southwest 70 So
er4ent damage to the crop was con.
Armed by the government
tscverument Crep Report.
-. rhteY eyent Of the week, the
A~vArrynent August crop report, haa
esss n n which made dssagreeaote
s~.Atnr. but on the other hand CON
1afned some favorable features. Ane
eUSdttion OF Germ was reduced IL per
cent to 7s.s, This was about VIA. NO .
street had been led to be expec1eo nF
INA. forecasts OF the most reliable pri-
vata calculations. But the STATISTICS
= rAxHrds wheat made an exceedtngty
~ood showing, better In fact than had
Heen looked.
The part played by the policy OF me
treasury department as REGARDS vac
Asfribution OF public money 70 ASSIST
n the movement of the crops. the CON
feyeucAa between the treasury oHsaa1n
ana the bankers Of the Middle West
xAd Eouth In helping 70 cheer man.
ntnI aentfment and further important
nnendmentx to tho currency bill are
4 part IL undoubtedly dtd play. How
ever Opinions may side ON the ultimate
vvssdorn OF the step, II was apparent
that the prospect OF easy money sh
thN fall was an agreeable one 20 the
wall street district
Pfan Has Innuence.
The plan was at least specano m
AuencN IN the market for government
bonds. Inducing a broad demand Tor
thsaA Issues from interior banks anx-
tons to take out new circulation.
OF routine developments tho copper
producers statement showed an IN
er~aAe in production during July ana
= decreaae In domestic deliveries which
very nearly cffset heavier export safes.
Hut reports. OF large domestic safes OF
copper have come to hand In the past
few days.
The forsnightiy tale car statement
With the big decrease In Idle equipment
OF 1880 reflected the recent heavy
rratn shipments