Show PRESENT OUTLOOK EXCEEDINGLY Y BAD Little Over Half Hal Crop of Spring Wheat According to Gov Government Government Government i Report i WALL STREET IN DUMPS EARLY EY ATTEMPT A T SOON BOON GAVE WAY TO WEAKNESS WEASS New York Tork Yok July JIl The Te days d aya news budget butet today t t contained several Items of vt 0 Jarg rg r frem from a ft financial Frat First Frt la li the Ue Importance e at to It It It although last Jt In I order ere ef of e occurrence was wa ws the u government at grain gaIn crop crp rt I The Tio Te pr percentage tag of e fer for spring wheat seemed e to disconcert spec pee speculators e upon un th tb the appearance of o the te flash Vath bulletin and aad nd thor there tb WM wu an aa abrupt In la price pric Tho Te Tb northwestern grangers LUf suffered sut most moet Jt but bat the Ut whole hl list was w affected atte transforming earlier erle I Laths sains Into lerl toss lO loose Allowance Is to be made I In tur 1 lg Irr th the action netlon aeU of Wall street as to I t the tho event 4 of or the tho th rebound HA nn A the suddon su ness nell with which it had hd Orre The 1 Ugh high lords levels of the morning prices ro showe h recoveries r running to II and ad 9 points poInt from the low lw prices touched early thie week In the tI ease oase o p of some soe of oft i tho t leading active I The Te buoyant early market WM wu an I extension of yesterdays l yeL yeLTe nt The Te Tb dividend wee waa wa cf ef eon con en enIld 1 Ild direct effect In h strengthening Mcke following the St Paul dividend folD t 8 yesterday Th The T air sir of o discouragement Ier c over 0 the treatment accordi the railroad by the government au su and especially p elan In I the effort to t advance freight rates rt which has boo b been assumed with some 8 by authorities In the tho two companies was WastI as tI to t strengthen the tl claims caim of or those thOe TV v f h fl c expected a marking down CLown dow of nf o the dividend rate rat The TI large on un the gross IrO earnings of o the t two systems In Sn themselves largely In exeM xe of ot pre pro previous years en made by the growth In operating cost oL heavy h shrink shrinkage shrinkage age ale IB in 11 the set net t returns tut as A a cone cease qu nce colored core the unfavorable suppo ain n regarding the te dividends The pre pr In the market marko especially In ID the te teC case rase C of If Atchison was wa taken to t Indicate n ft strong likelihood ef of dividend dhel rodo rl ton t n The T feet fact ra of or a large speculation f fr r the decline based 1 on this assumption ump tion ton te could eald not et admit of doubt d bt under ler the circumstances A demand from un uncovered covered shorts with wih the tho disclosure of Dr the te Intention to maintain the dividend wan va I a logic result The disclosure dl loe va rae allowed to become be known In 0 ral ra hut but significant ways y before the theart art mi lal declaration of ot the tho tl dividend and andt ande a e t tt intention ha 1 hoe boon been ben an al Influence In Int Inte t te 10 M two t WO days 4 recovery Iver in the th 8 took 7 r ark akL t The Te monthly report of or the tie tieC C per tr r Producers Purs a association offered fe a aJ J 7 Nh that stock k market sentiment i f rotated to attempt att to Interpret The Te I Jin production rulO proved the largest la t of or orT I T month mont h since p the th records record NI have h oi ye been aD I V It ft t and to t this thi was due eu the th fart tat that 11 ane I rt v s I pound was wan w added to tot toot Ae jt t K 11 of ot the metal leta p during the month mORth r 7 t the th heavy hy or of 1 I ch iee Into nto consumption o The Te Tey Ther r y market kt attracted aUe but hat languid I Foreign exchange heW heM he above level I vel of profit pr ft or further engage nt n of f gold for to Import pL but t confidence 5 unimpaired that roller relief could be 1 hold beW holdi I i r h event t of any ay veal real rl T onh t were wr Ire stronger trow er TM Total aalee alo 1 aloar par 3 ar value aloe al n 1 1 on T rail sl II d tats States bonds b were ww WIel l STOCK QUOTATIONS I k I J I X f l pfd IMf M I M I A Ama trial Amal Copper 1 81 11 i I I Ui 81 HI Ann nin 1 8 t 49 41 I 4 Boot B Sugar cr gar H SIM 1 SI 11 1 I I set sets Can I 1 S1 Si 8 S s Amu Amt C CD F I 1 ZM t SUI fl ifil 49 41 Cotton Cot Oil Oft 1121 21 M II I M 1 Ama H U L Li I pfd 1 SO I SI II 1 t Mii Mt Mi UI MiS Atan lee Iso I pG 1 lN S J I U I I 21 I u I 1 SM II 1211 It 1 I 13 1 ATIn Lu I 1 M 31 I I I 1 Am f S S A R I I 1 11 i 78 1 I Mil Mi I 68 6 lIr I 1 II 1111 Steel F 1 I 1 leaf I t 1 63 I I M I Ami Sugar Bugar R X RAmn I 1 IU me T 6 T TAmn I 1 mn Tee Th T pid l 1 2 I M t I Imn mn Woolen l IH M 11 37 T I III Ana An MIR MIa Mm O c 0 l M U I iS iSI 11 Tk I 1 II N Hl Hi Preferred Preter I 1 I 1 At Coast Co Line Le 1 11 1111 1871 1171 B n A O 0 IM HI fn Deth Beth el I 1 SMI Ul 1311 SS II 3 I IS n 2 Brook Hag 0 T r I 1 Ian 1 71 I 1411 1 74 an San Pacific 1 PaW I 1 Cent Leather 1 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Jill IS K I f r C So th r 1 t 1 Si 2111 SS I 8 I 11 IT l 1 1 1 I I Gi l 08 1 1101 oI 2711 97 n I 7 1 IuIs SAh 1 1141 1401 UI A st t U UM 1 1 1 2711 1 fa 2 M H S P l H g ft M XI Zi M K X A T t j 1 11 I t s I 1 Pr Ir 1 l IMI 1111 04 84 j I 64 1 t 6 6 ll 11 Il fir j 1 III Mf lIft M 67 17 1 1 fl cI 14 1114 at Lea l i 1 Of 2 I 62 ll 11 68 81 N Ry Ryr ef of M 1 2 1 p 1 I 11 f 1 SS lt Ti N Y Cc nral j 11 N Y 0 O c W 41 4 4 II I 41 4 nr r A 4 W t 61 j 28 8 I 83 28 I 97 n 1 North rth rh n IS 68 I 67 67 i Cil Nr Pacific ui Ill 11 HIM 1112 U S l 4 1 24 4 m Peoples Can e 1 P O e C St Sf L IA L J 1 t 1 Coal Cl i li jl 4 Pressed Fr a S S Car Cr J SM lt It 22 I I lt I 22 I I Ii a 31 t Pull Pl Pal Pl Car I 1 U 15 Ry Steel aHI Spring II m Ml 12 U z I Sl UI 21 Z Reading l Steel I referred 1 too 10 si U M N Bock Rok Island II 1 Hie J j 21 n I 31 n Preferred I 76 1 71 il i 73 S a T r I S 8 F 2 PI p t 1300 13 i UI 41 5 S R L I S S W pM 10 IO 10 4 61 P S S S A I 1 I 64 sl 64 Fh s Pc t St s 1 U 22 i 2 I 1 LOO JOO 5 3 6 cn rr r r 6 2 2 16 Cx Ia J CIg T 29 S L W V j I jI 1 I Preferred III 49 4 Union Paella Preferred 1 99 I 98 9 ge 90 u S S Relt 6 61 I 9 1 6 67 U 8 S III I 37 ai 27 I 37 I U S Ste Steel 6 61 I eli 61 I Preferred I 1 Uth Utah Coper Copper nil n 41 I U 41 Cem Cheni 1192 Ul 12 Wal 1117 17 16 16 41 36 4 I 1 Western Md 14 1 42 Vt tr 1 19 i 62 65 Western Union 1 38 Oe 61 6 61 61 w 1 i I 18 iee ai 3 II 1 I al 3 sha on for fer the day a I |