The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-08-03

xports NJ all the principal crops ex-
cept cotton showed increases for the
year. The most notable decline in
imports was the decrease In
shipments, which was probably occas-
tened by importers awaiting tariff ac-
ton. A great decrease was shown in
II meat and provision exports for
the year.
Consultation with leading steel in
terests fails 10 bring out any def
mite ideas in regard to tho steel in
dustry beyond the next few weeks.
Orders already booked are enough to
make IL reasonably sure that most
mills Will operate practically at capa-
city for the balance of the year. The
recent great activity In steel, 1t is
believed by some interests, indicates
a probable lull during the last few
weeks of this year and the early part
of 1914. The pig iron market is still
uncertain, although the production
continues heavy. The monthly output
for the first half of the year averaged
1.725 thousand o The production
for the remainder OF the ear may
fall considerably under these figures
and still be sufficient to set a new
production record.
The Metal Market
The production OF copper has in
creased during the last few weeks
and the output has been greater for
every month this year than during
the corresponding month last year.
AT the Same time, the visible supply
both In this country and for the en-
tire world has been decreasing while
prices have also been declining. The
situation is unusual and the natural
yesuIt will be a decrease In produce
ton and an increase In prices for the
metal.
Receipts Of zinc and speiter at the
leading market show a decrease of
about twenty per cent as compared
with last year and shipments a de-
crease only slightly less. There has
been little change IN zinc and lead
prices. but pig tin has declined.
The anthracite coal movement Is
about normal for the $50 The
soft coal trade ia remarkable heavy.
Prices are advancing and, except for
labor troubles at certain large pro-
dacing points and the Irregular sup
ply Of cars. hittrntnous coal producers
are in a highly prosperous condition,
Coke output In the Connellsville dis
tricts is running about $40 thousand
tons per week. both furnace and mer-
chant ovens showing a gain owe last
year In output. although there are
fewer merchant ovens in blast than
last year at this time by over 600.
Shipments week before last were
ll.274 cars compared with 1865 for
the previous week.
The production of gold IN the
Transvaai for Jun was the largest
ever known for II single month with
the exception of March. 1912. The
output wa 794 thousand ounces and
II March, 1912. was k31 thousand
fine ounces. This continual increased
output of gold. it is stated by econo-
rnists. will really decrease the value
If gold. which means increase Of the
value Of everything else, as gold Is
the standard Of value for practically
the entire world.
The average price OF all comnodt-
ties Is slightly less than IL was n
year ago both In this country and IN
Europe. The mount OF money in
circulation IN this country Ia 80 cents
per capita greater than II was a year
ago and greater than h average for
the past two years.
The average price of q selected list
OF high grade bonds is Elk points be-
low q year ago and q stocks twenty-