The Washington herald., 1914-06-10

Unified tonnage of the United States
Steel Corporation for May will be an
nounced today at noon and is expected to
show in the neighborhood of 10000 tons
decrease. This is 500 tons less than
the decrease for April when shipments
were higher.
Figures compiled by National Surety
Company show reported defalcations in
United States in 1913 totaled 1900 900.
Meager salaries and prevailing business
depression are blamed.
Fifty acres of land have been acquired
by the Youngstown Iron and Steel Com
pany. in Lowellville. near the plant OF
the Ohio Iron and Steel Company. for
the site of the new steel plant of the
company. The plant will consist of four
open-hearth steel furnaces, blooming
mill and a billet plant: the whole in
volving an expenditure of 100000.
Kountze Brothers have bought s.. SEQ 900
fifteen-year per cent equipment notes
of the Cleveland, Cincinnati Chicago, and
st. Louis Railway Company. The amount
representing so per cent of the cost of
the equipment. Associated with this firm
in the purchase are William A. Read &
Co., and the Equitable Trust Company.
Tabulations of earnings of railroads
practically to date reveal the remarkable
fact that only five of the carriers can
show gains in net earnings for the fiscal
year rapidly approaching its end.
These are the Chesapeake and Ohio,
with a gain in net of S51S.0H: the Duluth
South Shore and Atlantic, with s6S, 759:
the Seaboard Air Line. with s259. 9.142: the
Texas and Pacific, with sIS7,3oS. and the
Illinois Central, s1oso,S1S.
All the rest of the long list of carriers
including every one Of the big trunk
systems shows losses ranging from small
figures to several millions in net earn
ings compared with last year.
Thus the Atchison is s2.S76933 to the
bad, St Paul is s1,l61, 791 behind in net,
the Erie s,159,s9i, the Great Northern
s. s21 .014 Lehigh Valley s2,35o,s12, the
New York Central. all lines. S,51S 453, the
New Haven s., 25S261. Northern Pacific
Sc, ,417,4 as, the Pennsylvania N,Sa5. .053,
Southern Pacific $, 2S4ss2, and the Union
Pacific s., 703, 7S9.
AN analysis of the government crop
report indicates the greatest wheat yield
the country ever had:
1t placed the condition of winter wheat
on June / at 92.7 per cent, compared with
$50 per cent last month, SIS per cent
last year, ana oOo per cent tHe ten-year
average The indicated yield Is for 63s,-
c0O.00O bushels, a gain of 100000 bushels
over last month. This compares with
So, ,561 600 bushels, the final yield q year
ago. f.
The spring wheat indications are for
262, ,O00, 600 bushels and the condition of
the crop is 95.5 per cent. This forecast
allows for a possible deterioration be-
tween now and harvest OF around rs
100000 bushels.
Taking the winter wheat crop Of 63s,-
600 bushels and the spring wheat
crop of 262, 100000 bushels. 1t makes a
total out turn of 800 900 600 bushels, by far
the largest crop ever produced in this
country Lastyyear the total yield of all
wheat was 7ss, 900 bushels, this being
the record up to that time,
Interest naturally centered in the wheat
production, but other crops. including
oats. barley, rye, and hay showed up
WELL This was particularly true in oats.
yrivate reports the last few weeks telling
Of severe drought and backward growth.