New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-21
BRIEF NOTES OF FINANCE
paragraphs of Current Interest
for the investor.

rvhile the United states VIII sho" i0"'
any crops compared with year
canadian crops are also mixed, but
%" NJ them are estimated at an
ss'S over the harvest of 1912. Spring
nv for the end Of September is given
NHV ,ss 5000 bushels. as compared with
o., 700 bushels last year. The estimate
IN wheat was 100000, as compared
io a 900 bushels last year and 49,
nao IN the preliminary estimate this
4 The total estimate Of wheat pro-
.ion this year thus far is DI,675,0OO.
o''rsd with l99 900 last year, an
onp .s Of S.SS9.O 900 bushels. The oat crop
total yield OF 39l, 41s,ooo bushels.
"V 'osred with 1861, $4,000 bushels in 1912
~ 49,, is estimated at a total yield OF
p.sMo bushels, compared with +0l4, IA
rls in 1912 Rye is given at 2559,OOO
sls as compared with last years
'..N Of 2,59lOOO bushels; peas. $4,000
,,bs,s as against 8,773,5oo bushels; buck
800 10000 bushels. compared with
.,,ss coo bushels: fax, 14,9l2.O0o bushels. as
Tvs, q. 6Sl,5OO bushels; mixed grains
'.,-S no bushels, as compared with H.
~ ma bushels. and beans, 9S9.5O0 bushels,
:" oonpared with l.O40.SoO bushels.
The Gold Outlook Better.
7.mporary needs of the chief money
..,,res Of the world present a better
i ..nnct than during recent weeks, due to
~. better position obtained by the great
sa,,,al institutions. the Bank Of Eng
80 the Bank OF France and the I'm
".r.l Bank of Germany, and the pros
/ 80, ~ the receipt by Europe Of large
Mount OF gold from South America.
1 !, q estimated that about s60.ooO0oo or
soN will be received by Europe from
son,h Africa and South America in the
i va, future. An encouraging feature also
:, that the demand for gold by Egypt is
~ thu decline, as about s400oo,0oo has
s..n ,ent to that country out Of figure
:. ,,,r,at>d at the outside not 10 exceed
sAmo0p. 80 that within the next few
weeks Egypt's demands should be salts
cd The two countries that are still In
state Of uncertainty are the United
states and India. In this country, how
/ ava, bankers do not look for any de-
v.lopnents which will disturb the inter
i ,anonal money market, and the Indian
government. left as the most potent
actor. Is making great preparations TO
meet the strong demand for money there.
Down Near the Low Points.
The decline in the stocks last week car
r,d prices down near the level Of the
low point for last year, reached in June,
ISL Several railroad stocks sold at
Prices to yield better than per cent. and
such issues as Union Pacific, Northern
Pacific Atchison, Atlantic Coast Line.
IAhigh Valley and Baltimore & Ohio. all
booked upon as established dividend pay
ers. gave a better yield than 6 per cent
At a price selling around 100 and paying
5 per cent on par Reading yields per
cent, Canadian Pacific at its closing price
on Saturday gave a yield Of 4.43 per
cent, Pennsylvania 5H per cent, United
States Steel common 901 per cent and
Analgamated Copper S2l per cent. OF
1 course there are uncertainties surround
/ !ns the future, but it hardly seems rea-
sonsble 10 suppose that we are entering
period when the great industrial ana
railroad corporations shall cease to De
dividend payers, and even allowing for
period Of dulness which many predict will
follow for some time to come. the Invest
msnt market contains many opportuni-
les seldom offered.
Must Reform or Be Corrected.
II Attorney General McReynolds has
been correctly quoted, Wall Street is 10
Ae treated 70 an exhibition of corrective
policies by the present administration that
viii keep the stock market in nervous
state during the incumbency Of Presl-
Dent Wilson, at least until his ideals have
been met or he changes his views regard
ing the limits TO which corporations may
20 in controlling certain lines Of trade.
Trust busting is not new to Wall Street,
and II was expected that the Democratic
administration would be semi-socialisuc
IN It's handling of the problems attending
the segregation Of capitalistic interests
combined for the purpose OF excluding
rempetiton AS a result Of the past, IN
which suits have been brought by the
government against certain corporations
Combinations have been forming In va
rous lines ostensibly within the under
sanding and acceptability of the law. An
announced determination by the Attorney
General 10 see that prices are fixed oy
I be laws Of trade, and not by combina-
+ tons among producers. maps out an ac-
f. fw. -VYWN0fa
WI regulate business or take over large
@rporations and operate them from
Washington. the Attorney General Is
Quoted as saying. and there may be many
even at this time who will either nave
70 change very materially their methods
o. doing business or face the court or
Justice.