The Washington herald., 1912-12-03
Local Financial Matters.

is: Wheat, I2O,00O,O00 bushels, last year
GIL 200, 900: corn. 32oo.ooO.o 900 bushels, last
year 2,5Sl 100000; oats. L4oo,oOo.ooo bush.
les, last year go. 900 900; rye. s55o0.00o
bushels. last year 100000; barley. rs
OO0, 900 bushels. last year 160,000,Oo0; buck
wheat, ls,0o0o00 bushels, last year 1900
900; faxseed, 5c.o00,000 bushels. last year
IL, 900 900; potatoes. 900 bushels, last
year &c, 600; hay, 100000 tons. last
year s5.0oO,0oo; cotton (estimate0. 1900
900 bales. last year 165Oo,oO0; tobacco,
9e0. 0oO. 900 pounds, last year 96.0oo.0o0
Apples and other fruits are nearly all
record crops. and practically all Of the
large production.
Underlying conditions are about all
that could be desired, unusual activity
being shown in almost every line. Con-
siderable business is being lost because
of inability to make deliveries. It is
the old story Of 'unpreparedness.' Al
though We had every reason to expect
a great volume of trade at this time.
few manufacturers were prepared for
the business that has crowded in upon
them. insufficient manufacturing facil-
tiles, a real scarcity of labor. and in
some parts of the country a serious car
shortage all are hampering the expan-
sion of business, but even with these
deterrent factors business is tremendous.
There are a few conditions which
are annoying. and among these is the
uncertainty regarding next summers
tariff action A revision downward is
expected on several important lines,
and its effect is already being discount
ed It is the general belief that the
tariff measure to be finally passed by
the new congress will be not far from
the tariff bill recently vetoed by the
President. Tariff changes cannot mate
rally affect business until early In 1914,
and the year 1913 will give good &C
count of ITSELF
On change yesterday Georgetown Gas
sold TO the extent of fifty shares at ITO.
1t was both the largest and the lowest
priced sale reported in some time.
1t probably indicated more than any
thing else the tired feeling of some
shareholder waiting for the time when
the Washington Gas Company would pay
$50 a share for the stock. or some
holder satisfied with a good price for
the stock. 1t is a loss Of SIS a share
from the last reported sale OF equal pro-
portions.
Washington Gas. on the other hand.
was considerably firmer, again selling to
S6aS6 I-2.
Bids of IS for Railway common and So
for the preferred were met by tenders Of
stock at 90, without takers.
The rest Of the market was uninter-
esting.
Yesterday was a big day for the banks.
Their deposits will be greatly enlarged
by the receipt OF more than $4,000 gov
eminent money paid into the banks for
safekeeping. The savings banks seemed
to draw especially heavily, but other in
situations did very well. The saving
spell is. on the government employe to-
day. Money is still close in the city.
Business IS excellent in all lines, with
the possible exception OF realty. where
sitter rates and a scarcity. temporarily,
of cash, is restricting operations.
Local brokerage Offices with New York
connections were crowded yesterday af
ternoon as they have not been in many
days. They expected some of the de-
cisions to be handed down, and when
the news was out they gathered to see
the effect.
Few orders resulted from their pres
ence. Washington has given a fair
share of the commission to Wall Street
of late, and the presence OF Representa-
tives and Senators may enhance the or
ders materially, although the lawmakers
are not as much given to taking flyers
as in the good old days, when every bit
of information except Supreme Court
decisions was discounted.
The executive committee OF the Real
Estate Brokers Association consists of
William H. Saunders. Herbert T. Shan
non. John P. Story. jr., James F. Shea,
and william H. Walker.
The constitution and bylaws have been
printed and are ready for circulation.