The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-04-23
HOPEFUL SITUATION
BEING WORKED OUT
Henry Clews Reviews Va
riouS Conditions, Crops,
Money, and Stocks.

Crops reports so far ara very encour-
aging, notwithstanding exaggerated re-
ports OF damage. The winter wheat
crop IS in good condition, and promises
TO be a large one. There is also every
prospect OF a considerable increase in
the acreage Of corn ADDICTION, while
farmers are already at work using the
ve-y best methods with which they are
familiar IA order to secuse the largest
possible yield per acre.
Il is qu;ta certain that efforts in this
direction have never been eQuaued in
previous years. thanks to the persistent
endeavors TO stimulate more scientific
cultivation which have been made the
last few years. II further evidences Of
the activity IN the West were wanted
they could be found IN the regular re-
ports Of railroad earnings, which are
exceedingly favorable. In March IS rail-
roads reported gross earnings Of S65,-
O0a. 900. an increase Of $, so, 600, or near
" Is per cent more than a year ago.
For the first three months Of the current
year dfty-three railroads reported earn
ings Of S17s. 100000. an increase Of S24,-
GOG,oo8, or over % per cent Such a
heavy percentage Of gain as the latter
has not been seen since the year 1900
which was one Of unusual prosperity
for the railroads
These returns chiefly include roads
serving the AGRICULTURAL districts. and
do not cover the, Eastern trunk lines.
such as pennsylvania and New York
Central Et7ich are also known 20 be
making very .QndSOme gains in revenue
II IS worth - note that the Southern
roads have .usds large gains. nOtwith-
standing me light cotton crop. and that
the Western roads did well IN spite OF
a light grain movement The railroad
situation would be eminently sausfac-
tory were II not for the increased eX-
penses forced upon the roads by the de-
nands Of labor. and high prices Tor ma
teriaIs. Labor however, IS getting a
big share OF pros eTiLy, and i IS but
reasonable 70 expect that stockholders.
too. should come IN for better results. II
present conditions are maintained Mucn
wiz Gepend upon the crops If these
prove good. the year viii be a satisfac-
tory one for the railroads.
Money Working Easier
The money market is working its way
out Of conflicting conditions Funds are
returning from the West. and bank re-
verses are rising. The weak point IN
London is the dangerous speculative
mania in rubber and oil shares. which
financial powers there have evidently
been trying TO restrain Whether the
climax OF the movement mas Yet Deel
reached does not yet appear. and the
danger there Is one which must be
watched with interest on this side; be
cause. should London require financial
assistance gold would probably De
PROMPTLY taken from New York FOR i1al
purpose or the present movement We
have thus ar exported about elt,y1lvyyi
and further shipments are anticipated
Taking an facts into consider alton
there is no reason for other than hope
fui views regarding the business situa-
tor, Present hesitation IS chiefly due
TO the L.acer jainty rising from an inev-
liable read tustment In business and Ions.
needed reforms in politics. both OF
which. as said above. are from the long
point OF view favorable tendencies The
crop ard the monetary situation is I'M
proving. ard there is stIu no reason in
sight why the security markets should
not In due season respond 70 the favor
able outlook in other directions Very
cheap money is not probable; on the
contrary lenders are pretty sure TO Sc
cure fair rates for some time TO come
but the money market outlook IS reason
ably safe Until the usual crop demands
BEGIN as the autumn approaches. The
Immediate course Of the stock markei
win doubtless be considerably infuenCe1
by approaching action on steel and
Pennsylvania dividends. A good deal o.
new financing has been deferred until
the recent output Of new issues has beer
absorbed.