The Birmingham age-herald., 1910-12-11
OUTLOOK FOR YEAR
 IS PROMISING Short Cotton Crop Brings More Money Into the South FOR SEED IMPROVEMENT Plans Are Forming for Increasing the Yield of Cereal Crops Per Acre.
 Farmers Buy High-Priced
 Automobiles
FOR SEED IMPROVEMENT
BY PRESTON (. ADAMS

New York. December 0.-(Special) )-The close of the harvest season and indus trial developments during the close of the month of November and early part of December conspire to make the business outlook for the opening of the year 1911 altogether promising An average wheat crop and an abundance of corn crop, with good average prices prevailing has brought much prosperity to the farmers Of the middle and western states.
 An Il 100 bale cotton crop as is in dicated by the ginners report now that the cotton season Is about over has causedDthe price to continue high, which
 has brought much ready money into the
 cotton belt. This will have the effect of
 bring heavy Christmas trade to the merchants and large purchases of tarm-
 Ing implements, stock and fertilizers by
 the planters with the opening of the new
 season.
 A leader of the great enterprises which
 will effect the industrial business is the Pennsylvania Railroad company, which has given an order for 150.000 tons of
 steel rails for 1911 delivery to the United
 States Steel corporation. Lackawanna Steel company, Pennsylvania Steel com pany, Cambria Steel company and the l Bethlehem Steel company. The order Is considered larger than they had ex- pected.
 For 1910 delivery the company orig inally ordered about 140,0O0 tons, but fol- l low-up orders made the total for the year 210.000 tons.
 l As an outcome of the meeting of the Council of North American Grain ex- changes, which met in this city on Sep
 tember F, a systematically directed ef-
 fort is being made to secure an inn
 provement in seed and larger yield per acre of the important cereals. Many such | enterprises have been under way for several years, variously undertaken by | the government, the individual agricultur- | al states railroads and private associa- tons. The question was considered one of the utmost importance at the council meeting and committee, with power to act was appointed by President Brao-
 ev, of which M. W. Cochrane of St.
 Louis was made chairman. The first work of this committee was to bring I together for united action all the enter prises already at work.
 The average capital stock of all | eorporations in the United States Is more than s52,OOO, 100000. with a bonded and other indebtedness of more than $31.- GOO GOO, ,OO0, according to figures contained | in the annual report of the commission CT of international revenues at Wash | ington.
 | The commissioners report shows that | 262 400 corporations sent in returns and l paid taxes under the new law. The ex- | act amount of capital stock represented | by these corporations was $52,371 ,626 752; | the bonded and other indebtedness $31, | 3s3 652 696 and the net income $3. 125. .4S1- 1o1 This shows that the 252 490 corpora tions-practically all in the United States in the aggregate made just a trife less
 than per cent on the total capital stock
 n the fiscal year ended June 30. last,
 which is the period on which the com missioners report Is based.
 The commissioners report shows that 262, 400 corporations sent in returns and
 paid taxes under the new law The ex-
 act amount of capital stock represented by these corporations was s52,37l ,926, ,752. j. l. Handley, vice president of the
 United States Motor company, who has
 Teen on an extended trip through the
 vest, returns in thoroughly optimistic
 frame of mind and feels certain that the
 current automobile year will prove rec ord-breaker.
 Never have I seen such bright pros-
 poets for the motor car industry" says Mr. Handley. While in the past the
 east has been the chief center of auto mobile buying, there is no doubt In my