The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1911-06-11
lSTOCKS SHOW A GOOD UNDERGONE,
BUT WITH ONLY LIMITED TRADING
Enough Pub-ndus
Not Sufficiently Clarified Relieve Unsatisfactory
Prospects Are Beter-Fnance and Business
1T JOHN GRANT DATEa,
cinI Representative the Munsey Publications.

been anticipated, and cuts down the
promised crop nearly 100000 bushels,
| but on the increased acreage reported
the June condition indicates a final win
ter wheat harvest of 479.915,OOO bushels,
which compares with an estimate OF
| 464, 044.0O0 bushels in 1910. and constitutes
the third largest crop in the country's
history.
Spring wheat starts off splendidly in
this first report of that crop for the
present harvest season. The acreage
under cultivation, 20, 167,0 900, is ,015,0 200 m
excess of 1910 and is the largest area
under spring wheat in the history of
the country On this acreage the con-
dition of spring wheat. 9i.6 reported by
the Government, gives an indicated
yield of 2s4, 81. 600 bushels. which Is also
the third in point of size in the coun-
try's history 1T It COMPARES with an es-
Gated yield Of spring and winter wheat
combined is for a crop of 764, $4,000, or
the largest on record. or course, these
crops are not yet harvested, and con-
tinued drought in the cotton belt and re-
ports of extreme temperature and no
rain in the Southwest, may result in
some deterioration. but, nevertheless,
the harvest prospects continue highly
satisfactory.
Slightly Better Business.
The trade authorities note that with
the progress of the growing crops gen.
eraI industry shows some Improvement.
but this is admittedly slight. and does
not reflect in a decided manner in any
of the great industries. The iron and
steel trade, according to the Iron Age,
shows no general Improvement as yet
from the recent cuts in prices. but that Is
confidently expected in the near future.
Despite the opening up OF Number OF
textile manufactures, curtaiiment in that
industry is still in order. and the bust
ness outlook Of the cotton trade has not
been improved by the drought and
sharp advance in the price OF raw cot
ton. But, of course, the chief restraint
in textiles grows out of the tariff dis
cussions at Washington.
The statistics Of the Copper Producers
Associate for May show up better
than for some time past, and, accord
ing to competent authorities, afford
some indication of a further improve
ment in the near future. Production
was very large during May, but deliv-
cries were also large, and came within
H0024 tons OF equaling the total output
of the month. which attained the huge
figures of 126, .544 pounds. In the mat
ter Of commercial failures Dun's Review
volume of liabilities the returns show an
Improvement over recently preceding
months, and contrast favorably with
the commercial mortality records of
1910 and 1909. The total bank clearances
of the country for thetweek also make a
much better showing, and though, TAX
ing the country as a whole, there Is
still a slight fractional decrease as COM
pared with 1910, the changes are now so
trtfling as to indicate that general busi-
ness is holding its own.
Panama and Other Bonds.
AS the date approaches for the OPEN
ing of the bids for the 100000 Pan
anna Canal per cent bonds. which IL
for June II. increasing interest
is manifested In the results OF. the offer