Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-09-01

Corn -. ....2, $50. 100000 $1,Q60,O00.00(
Wheat >. 49,. 650.000.000 455,000,00(
4 Oats. ;. >. 935,OOo,00o 2so,5O0,O0(
Total value three crops. s1,795.500,O0C
Total bushels. =. =. -. 1926, 100000
/ Further consideration of the reports
1 of 2S3 correspondent banks to Presiden,
lIckels OF the Commercial National in
4 dicates that the western and north
western distributing points for money
/ believe there will be no unusual de-
mand on the east this year to move
crops. From several points in Iowa and
! Minnesota some apprehension is ex-
pressed by bankers over the specula-
/ ton in land. Aside from this the banks
see nothing to cast a shadow on the
4 horizon of good crops and plenty OF
money.
4 Minneapolis reports concerning the
money outlook there:
deposits have averaged % per cent
higher than last Year. which we expect
| to hold, IL not to increase. this fall. 1t
will take Il great deal of money to ham
die the crops, but think western banks
will furnish more than usual. The
| whole situation in the northwest has a
ihealthy look, with the possible excep-
Mon of land speculation. We do not
tAhink it will require much, If any more
1fmoney, to handle the crops this year
than 1t did last
st. Paul takes little different view
of the money outlook. saying: Banks
are fully loaned up. We shall call on
the east largely for money. We have a
good heavy per cent of loans in high
49,,
commercial paper maturing rapidly
from the first OF this month forward. AS
paid, this money will likely be loaned
in the west. Balances of our country
banks are low. Some are rediscounted
now. The great movement in land has
tended to this condition.
Speculation in Land.
Des MONIES says: Iowa banks have
lost millions of deposits by reason of
investments of their customers in
northern cheap land propositions. and
the demand is unusually heavy from
cur banking customers for this season
of the year. look for continued
shrinkage in deposits and 4 heavy de-
mand for loans
Omaha says the Indications are that
country banks will have money to loan
beyond the demand, and 1t is thought
probable deposits will increase.
Kansas City says country banks are
better equipped with currency than ev-
er before and 1t is not thought they will
draw their eastern accounts down to
eny appreciate extent.
st. Louis says: I'VE expect to be
called on for more than double the
amount of currency this year over last.
In all probability we shall be compelled
TO ask Chicago to help supply the de-
mand. General business is good, and
we expect deposits to increase. Loan
ing demand is strong and will continue
for the next sixty days, but local banks
will be able to meet it,
Danger Of Frost for Corn.
AS It concerns corn the market is
quite as much of a weather affair as it
was when the grain was just coming
out of the ground. That the crop is late
IS generally admitted That 1t is ma
turing as it should is an open question.
Travelling experts generally admit that
fields look we'll from distance, but
close examination reveals altogether
different conditions. Temperatures
have been low where they should have
of cold rains and possibly frosts in the
northern portion of the belt. which at |
this stage of the growth would be in
the nature Of calamity Advices from
Iowa, Nebraska and Illinois are to the
effect that the crop is green, and will
require from three to four weeks of |
warm weather to bring it to maturity.
If this is the actual condition there is !
the possibility that a great deal of the
late planted corn is in danger Of frost |
Standard Oats Scarce.
Shorts in oats showed considerable |
nervousness in the latter part of the
week over the failure OF receipts to
grade and the steady reduction in
stocks of standard oats. The loss in
prices early in the week. due to the APP
pearance of more favorable weather,
was more than recovered on the later
sessions. The acquisition of big line
Of September by the cereal party lent |
an impetus to the bull movement as it |
led to considerable talk of bull manipu-
lation in that delivery In spite of the
bullish tendency of futures the cash
market was more or less depressed ow-
ing to the poor quality of the offerings
The bulk of the receipts from day to
day consisted of No. grade OF lower.
The percentage has been limited to a
few cars each day, and total stocks of
oats are now less than 100000
bushels.
Wholesale Markets Active.
Country buyers flocked to Chicago in
large numbers again last week ana the
result was an unusually active trade in
dry goods, clothing, boots and shoes,
and kindred lines.
The buying was both to supply i'm
mediate requirements and future
wants. In number of instances early