The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1914-05-24
gain CONCLUDES
STAGNAVT week
Stock Up a Point on Lack of
News-Tradi Con
tinues Limited.
GREAT YIELD OF GRAIN
Department of Agriculture Estimates
Wheat at 10000. 900 Bushels.
Rye at 42.500.OO0.
GREAT YIELD OF GRAIN
ny w. sTEALEY.


ny w. sTEALEY.
The New York stock market yester-
day showed a gain, leaders being up a
point from Fridays close The mar
ket, however, was dull, only about
102, 900 shares being sold.
There was no news to cause the up
turn unless il was that the Mellen
testimony had reached its one favor
able feature-its. conclusion.
Steel closed 63A, Union 1873, Read
ing 1861. Chesapeake and Ohio 52A,
Copper 734 and Missouri Pacific IL.
The financial troubles at London
with the continued heavy tone of the
Paris and Berlin markets have been
the principal reasons restraining bull
ISL activity dprifg the past week The
net declines, however, have been unfn-
portant aside from a few specialties.
The only selling pressure of Importance
occurred Thursday when prices slump
ed over a point. but IL turned out 10
be largely a professional movement.
Foreign selling has decreased and out
side liquidation has been limited
The market is depending largely
t1pon the Mexican situation and tne
time of adjournment of Congress
Security dealings continue to be re-
stricted because OF the disposition TO
await ruling of the Interstate Com
merce Commission on the rate ad-
vance case. Predictions of an immedi-
ate and favorable decision early in the
week was effective in causing upturns
and a number of stocks were estab-
Iished at the highest figure reached
during the month. Denials caused
business to\ dwindle off to a small
volume. There has been little evidence
of weakness and a steady tone mas
been apparent in security dealings.
Local Stock Market.
Trading on the Washington Stock Mar
ket Yesterday was light pond saies
amounting to $1,000. while 10 shares Oh
stock were sold.
The stock list was conflned 10 fSaHwaS
preferred and Mergenthaler. the iat'er
bringing 21S, the former S4as4 l-a
One 50 900 Potomac Consolidated and
one 81 600 brought 80 7-s, a $500 Traction
lG7 -, and a $500 Railway 81
For Traction 100 is was bid, for Rail
way common IS, for Gas 20.
The year to date statement shows that
since December 81, 4,S02 Railway pre-
ferred have been traded in at prices
ranging from 81 to 80; common, S,f.'
shares, Sc 1-2 to 90: Traction, 2,iSS, IS TO
u4l-2, and Gas, s.0s2, n to 81 L.
Crop Prospects Bright.
In statement given out ycstefudy
in the agricultural outlok the Depart
ment of agriculture estimates wheat's |
condition Mays1 at $50 per cent, which |
is indicative of a yield per acre of ap- |
proximately lis bushels, assuming \
average variations to prevail thereafter |
On the estimated area to be harvested: /
lis bushels per acre would produce &c.
100000 bushels, or 20.3 Per cent more
than in 1918, SIS per cent more than
than
1911 The outturu of the crop will prob
ably be above or below the figures giver.
above according as the change in con-
ditions from May / to harvest is above
or below the average change.
A combination of the largest acreage
ever recorded with a promise of the
largest yield per acre ever recorded |
makes the present report on the con-
dition of winter wheat noteworthy. Ii
the present promise be maintained until
harvest the yield per acre, estimated to
be us bushels. viii compare with ali
average for the past ten years of ID
bushels, the highest yield for the period
being LIS bushels in 1906 and the lowest
yield being Ia bushels During the
past twenty years there has been a
gradual tendency toward an increase in
yield per acre.
One feature of the situation is thar
there is not a single State in which the
winter-wheat prospect is unfayorable.
The condition of the rye crop is high
in every State. yield Of 42500,000 being
estimated against 41,3s1, 900 last year and
35.6S4.0O0 two years ago.
The trend of prices of farm products
shows that the level of prices paid pro-
ducers of the United States for the
principal crops increased about Is per
cent during April; in the past six years
the price level has increased during April
80 per cent; thus, the increase this year
is less than usual.
Since December 1 the index figure of
crop prices has advanced "a per cent;
during the same period year ago the
advance was SO per cent, and the aver
age for the past six years has been an
advance of Ill per cent.
On May the index figure of crop prices
was about II per cent higher than year
ago, but 1873 per cent lower than two
years ago and I3 per cent higher than
the average of the past six years on
May L
The level of prices paid to producers of
the United States for meat animals in
creased o. per cent during the month
from March Is to April ls. which COM
pares with an increase of 81 per cent in
the same period year ago, an increase
OF 1o7 per cent two years ago. decrease
Of Al per cent three years ago. and an
increase of As per cent four years ago. |
From December Is to April Is the ad-
vance in prices for meat animals has
been per cent: whereas during the same
period year ago the advance was 1l5
per cent. and two years ago 17.3 per
cent, while three years ago there was a
decline in price of Sc per cent during this
period.
On April Is the average (weighteD price
OF meat animals-hogs. cattle, sheep, and
chickens-was $40 per 100 pounds. which
Is az per cent higher than the prevailing
price year ago. lis per cent higher
than two years ago. rs per cent higher
than three years ago and "A per cent
lower than four years ago on April Is.
Address of Judge Gary.
In the course of an address in New
York yesterday, Judge z. H. Gary, chair
man of the board of the United tates
Steel Corporation, said:
There are some favorable things to be
considered. In the first place as is our
habit. We turn to the crops of the year. /
There is something that cannot be taken
away even by the politicians The crops
are great We are going to have an l.
abundance this wear and fboxpz will have