The Washington herald., 1914-06-25
Local stock Market.
Last Years Cotton Crop.

The cotton crop of 1913 was, with ont
exception, the largest the United States
ever produced. The Census Bureau, in
its final report on the 1913 crop yester-
day, makes this statement.
The quantity of cotton ginned from
the crop of 1913, counting round as half
bales and excluding linters, was I3 So Sl1
running bales Expressed in gross 5o,-
pound bales the crop amounted to a.
l55. 4S6 bales, being l.S36, rs bales or 9S
per cent, less than that of 1911, but eX-
CeedinE that Of 1872 by 4SS.OS5 bales, or
SO per cent; that of 1909, the smallest
crop in recent years. by 4l51. .537 bales,
or 4L5 per cent; and that of 1904, the
fourth largest crop, by 1S,I74 bales, or
5.3 per cent.
Cotton seed produced from the crop
amounted to 6,9O5oOO tons, with an esti-
mated value of Sl556OO,OOO
Continued spread of the cotton boil
weevil is reported by the Census Bu-
reau. While the 1913 crop suffered less
than the one in 1912. the weevil spread
until it has infested a territory 269, 900
square miles in extent. including o, 800
invaded for the first time in 1913.
Local Line Under Pennsy.
That the Pennsylvania Railroad will be
Permitted to retain the Baltimore, Chesa-
peake and Atlantic and MARYLAND. Della
latter touches here) after July ! is the
growing belief among railroad men.
Special agents of the Interstate Com
merce Commission are now investigating
the situation. and II is believed that their
report cannot be ready by next Wednes-
day. July l.
The commission. however, is not bound
oy law 10 render a decision in the case
before July. The Pennsylvania will re-
tain ownership of the two Bay com
pahies until the commission rules against
It Should il be permitted TO hold the
Bay companies, however. or should no
decision be rendered by next wednes-
day the Maryland, Delaware and Vfr-
ginia will at once come under the iuris
diction OF the commission as TO rates and
regulations.
Should the Pennsylvania be permitted
either by order or automatically. to hold
the Maryland, Delaware and Virginia
after next Wednesday, these lines and
others Of the same kind will be under the
Jurisdiction of the Interstate Commerce
Steamboat lines operating entirely within
Maryland waters. such as the lines TO
Crisield and Salisbury, are under the
authority Of the Maryland commission.
Earnings of Railroads.
Net earnings of railroads from January
to May / are as follows:
1914 1873
Seaboard Air Lne.............. 56sM SsIss
Norfolk and Western u.s5l,lD u ea5 lea
Western MaTyland-..-..-......... Ho,E3 lf8S5
On the basis of returns to date. the
Baltimore and Ohio this year will earn
less on its stock than in 1913 The loss
in net for the eleven months. together
with increases in charges resulting from
securities sold, will bring the total avail
able for dividends down to a percentage
close to the total paid
Indications are that the company will
Just about break even after payment of
the usual per cent on its common stock. |
With Panhandle" passing its dividend. |
twelve great railroads within the last
year have been forced to cut or pass
their dividends. OF these road dividend |
payments to stockholders amounted to |