The Washington herald., 1907-10-10

Transactions on the Washington Stock
Exchange yesterday developed an un-
expected sharp break in prices of sew
eral Of the most active stocks. The
day was marked by comparatively
heavy selling. and the fall in prices was
probably due to the liquidation started
by throwing several blocks Of stock on
the board for sale. notably Greene
Cananea. The transactions of the day
were 3,495 shares Of stock and $500
in bonds.
The fall in prices began with the call
on the railroad shares. In the case Of
the preferred stock Of the Washington
Railway and Electric Company the
stock sold from 7las down to 20, with
the closing bid price a half point be-
low tho last sale AS compared with
the prices OF the previous day there
was a loss Of a fun point The COM
mon stock also showed weakness, as
did the shares Of the Capital Traction
Company. About 10 shares OF the pre-
ferred stock were sold, which IS under
stood to be a block held as collateral
for a loan, which the owner directed to
be sold
Copper stocks Sells Lower.
Greene-Cananea showed the greatest
weakness. Sales of 2,s90 shares were
made in rapid succession. from 81 a share
down to fractions above Sc. Then several
brokers, thinking 70 make a speculation
out OF IL, bid in options of 200 shares at :.
When it is taken into account that this
stock has been selling on a falling scale
for some time. having lost two or three
points in as many weeks. the sales Of
Yesterday mark point Of discourage
ment on the part of one or more holders.
who determined TO get cut of the stock
while there was time 10 realize something
on it,
The offerings Of the stock found ready
takers at the lower prices. and all the
stock IN sight was sold. A similar raid
was attempted on Mitchell Mining. but
there was none Of the stock 70 be had.
outside Of one lot Of ten shares.
Washington Gas developed weak akness
with the other leaders. and 100 shares
were sold at 7N4 and Is. the closing bid
price falling an eighth below the lowest
sale, and the stock losing about a point
from the high level Of a few davs ago.
Getting tIIe stock Outside.
II was apparent yesterday that the big
bidders for the stock. who have been
turning every stone 10 get it. have tired
Of batting the Washington stock Ex-
change for the comparatively few floating
shares TO be had there. II is understood
that dickers for large blocks OF the stock
are being made in New York. with some
success. though il is said the insiders
have had 70 pay high for the privilege of
owning the shares. II is said that the
deals for the stock are now about closed.
and that the company viii proceed early
next week 70 file Its petition with the
court and set the ball rolling for the in
crease Of stock The tumble in price Is
the natural reaction from the boom
which has been so Cleyerly managed for
the past three months
Stockholders Of the Washington Market
Company have received notice of the call
for meeting, 20 be held on October. p. /
TO vote on the proposition to issue S5lom0
ln bonds, az per cent for thirty years.
tie proceeds to be usei in erecting the
cold storage plant in South Washington.
The bonds are TO De secured by the real
estate holdings of the company in the
square bounded by Eleventh. Twelfth. +
ard streets southwest. where the cold
storage plant is 20 be erected. This land
was bought by the company for this pur-
pose about year ago.
Crop Conditions October 1.
The crop report Of the bureau Of the
Agricultural Department. to October /. /
issued to-day, says;
The condition Of corn on October ! was
$50 as compared with S02 last month. /
saI on October I. 1906. So on October ], !
1903. and q teH-year average of E6.
Estimate Of the average yield per acre
OF spring wheat is I31 bushels. which
compares with 1871 bushels as finally esti- /
mated in 1906. 1+7 in 1905, and a ten-year /
average Of l40 bushels. The total indi- /
Gated production Of spring wheat is about /
-l5o6l 600 bushels, compared with 242372. CSC 1
bushels as finally estimated in 1u6 The I
production Of spring and winter wheat I
combined is about 625.567, 600 bushels, com /
pared with 125,260g7l bushels as finally /
estimated a year ago.
THE average quality Of spring wheat /
is SIS, as compared with $50 In 1856. $50 /
In 1905. and 75.1 in 1904
An average yield Of Of oats Of about Z35 4
bushels per acre is indicated. as compared !
with Sl.2 bushels finally estimated In 1895. 4
81 % bushels in 1905 and fau-4raar q y-ora CO /