The Hartford herald. [volume] (Hartford, Ky.) 1875-1926, 1915-06-30
Unprecedented Prosperity
Is At Hand.
The WHEAT HARVEST TO BRING
In Hundreds Of Millions
American Dollar Reigns
the World Over.
COTTON Low, ACCOUNT OF WAR

New York, June 26.-The Ameri-
can tomorrow will print the follow
ing editorial under the caption
Unprecedented Prosperity is Ahead
of the United States
The cash price of wheat yestor-
day was s1.40 a bushel. On the
same day last year the price was
97c. This means that the $4,000
000-bushel crop now promised will
be worth to American producers
more than $427, 100000 more than
last years crop.
Corn sold yesteI day at SEC against
nc last year The promised crop
of 100000. 900 bushels means an
increased value to the American pro-
Queer of s20S.0OO.c00.
Oats are selling at &c a bushel
more than last year. The indicated
crop is about 100000, 900 bushels.
American farmers have a prospective
increase profit of s99,OOO,00G from
oats.
Copper sells at 20 3-Sc a pound
this year. against l3 lac last year.
an increase OF about S1j0 a ton.
The United States production Of
copper last year was sos, 900 tons.
The increased value of copper upon
last years output would be SS3.250,-
900 but this years production will
be vastly increased over last and at
the higher price
Steel billets are so a ton higher
than last year, and our production
last year was over 31,000,000 tons.
This years steel production will al
so exceed last years. so that steel
producers will receive at least S62,-
100000 more than they did last
year.
Cotton is cents a pound less
than last year, owing to Great Brit
aims blockade of our neutral COM
merce. Last years production was
100000 bales. This means a
loss of 100000 to Southern
planters.
The American dollar is now the
only paper money in the world on a
par with gold the world over.
A pound of sterling, worth nomi-
nally $4.s6, cost yesterday SAT- at
the New York rate for cable trans
fers of money.
French currency was at five per
cent discount. as compared with the
United States par currency.
German currency yesterday was
fourteen per cent discount in the
New York Foreign Exchange mar
ket.
Italian currency was fifteen per
cent discount. measured by the
American dollar
Austrian and Russian currency
were both almost % per cent dis
count, measured by the New York
Exchange price.
United States 3 per cent bonds
were quoted yesterday at 100 Ia
bid.
British Consols, paying 2A pei
cent interest. hitherto supposed to
be the strongest security In the
world. sold at 65 last week. a new
low record since 1899. The fall in
price last week was due to the new
British war loan of more than bill
lion dollars soon to be issued at pai
and paying y per cent interest.
French rentes. the French Govern,
ment security of the high class. sold
yesterday at 7OA against s6h or
the same date last year and at an
average OF 92% for several years
prior TO last year.
The trade OF the United States
with foreign nations for the fisca
years 1915 ending next Thursday
will show a balance in favor of tbs
United States Of more than $1,000,
600, 900.
These figures indicate why ths
owners OF American securities
abroad are loath TO sell them
The United States will, as ma
ton. have unequaled and unprece
denied prosperity. and before man,
months pass.