The Washington times., 1906-08-30
FINANCIAL GOSSIP

The problem of labor for harvesting
the cotton crop in the Mississippi delta
is giving concern 20 the planters. The
outlook is for a large crop, and
as labor is scarce agents have been
sent East TO induce Italians 10 come
South and help gather the crop. EX-
perimeuts with that class of labor N
the cotton fields have proved success
Iul
J. J. Hm has followed up the grain
reductions In the Northwest with "a cut
the Orient on wheat II is believed Jhat
he cJntemplates more voluntary reduC-
tions.
A Chicago dispatch says experts say
the apple crop viii double the record
crop of 1896 and surpass any other In
quality. South Water street Is receiV-
ing 900 barrels daily and prices run
from $50 10 $3.50 for the early varle-
ties. The largest supply comes from
Illinois Central points. California is
shipping here and the East is reported
20 have the biggest crop IN fifteen
years.
The per cent tax on gross earnings
Of corporations under the Cole law in
Ohio viii yield that State for the pres
ent year a revenue Of 100000. the
gross earnings of the corporations
amounting TO 500 600 600. as against
slSUoJ0Gou last year Included in the
list of qu8si-public corporations taxed
under the law are steam and electric
railroads. express. telephone and teie-
graph, signal and messenger. pipeline,
gas and electric light and power COM
panies and freight line companies.
The Toledo. St Louis and Western
has made a rate OF cents per 100
pounds on grain from St. Louis 10
Toledo, giving ST, Louis an advantage
TH on N -Ear - ia fTn 0a
Central has reduced the rate on grain
from Chicago and all stations 70 New
Orleans 70 10 cents. while the Grand
Trunk has made "a rate on wheat of
cents from Chicago 10 Toledo. A con-
ference on the grain rate situation mas
been called for next week.
The appointment of a commission by
the Pan-AmeriCan conference TO investt-
gate fluctuations IN International eN-
change and their effect upon internal
and foreign commerce is the first step
toward such reforms In the currency
systems OF the South American republics
as was recently instituted by Mexico.
Little by little IL becomes apparent
that the short parliamentary experience
OF Russia resulted in sowing an immense
amount of good seed, which IS gradually
coming TO fruitage. one OF these fruits
Is the apparent impossibility OF Russta's
borrowing any more money in foreign
countries without parliamentary con-
sent
A prospective cotton crop for the South
in the coming season Of 12,yO,0o0 bales
means a good deal for the railroads Of J
the south In the first place, the in
crease In the size Of the crop over that
of the current season Will amount APP
prOXmately TO 10000 bales, and sec
Ondly, cotton is a high-Ciass freight and !
pays good rates.
Analysis of the past weeks wheat
movement shows among other things |
that The increase in visible supply was /
10000 bushels smaller than during the /
next preceding week. This is significant /
Of a reserve on the part OF hrst-hand |
holders of wheat which nothing but low I
prices in an early harvest year can eX- |
plain There are other causes acting, /
but the price level is probably the chief /
factor In governing the wheat move /
meut in the West