Ogden Daily Standard | 1910-07-09 | Page 1 | Why Stocks Dropped

Tightness of Money and! Poor Crop Report the Cause New York. July 9. Curly prices of stocks this week touched thejowest level of the year for omo Issues. The violent break proved a culmination of the movement. A rebound which followed fol-lowed was furthered by the proof of relief, open to the New York money market Ir. case of r.ked. by Imports of gold fpm London The extent of the decline In uck( brought out some substantial demand from banking Interests In-terests and from Investors. The maintenance of the dividend rate on S'- Paul and AtchNon disproved dis-proved some of the recent speculative predictions. Steps toward hastening the cons.derntlon of railroad rute advances ad-vances bv the Interstate Commerce commioiin brightened sentiment In the lu.'.rket. The government crop report ipduced a severe felapo In the whole market. It Is the loest condition reported In over ten year. Statisticians on the produce exchunge eatlmate tht it means a 1-ss Of nt-orly 90,00'i.OOi). bushels bush-els The inJlcat.ons, .according to the tig j re, nre for a crop ot spring wheat ! of lS0.79u.oW bushels a compared ! with 2'3,73'.C00, Indltttcd on July 1. 1900. ' i The corn crcp this year pmniUo to be one of the liTgesl In tlte history his-tory of the country.