The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-04-09
Bank Reports Will Show an I'm
precedented Condition.
More Money on Deposit Than
Ever Before.
CASH is GOING EAST.
New York and Pennsylvania
Get Loans in Kansas.
Prospects for Future Are Even
Brighter Than Present.


The compilation Of the quarterly re-
ports of the state and private banks Of
Kansas has not yet been completed in
the bank commissioned Office. but 1t is
known that the deposits are very large
~ increased over three months ago. 1t
is reported that the coming statement
will show that there is now more than
a million dollars more on deposit in the
banks OF the state than ever before.
Kansas is sending money east and
loaning it to eastern borrowers. New
York and Pennsylvania are using it. A
few years ago Kansas was heavily in
debt to the same states to which she is
now loaning money.
The indications now are that Kansas
is on the edge of stin greater prosperity.
With harvest only ten weeks off there is
every prospect for q. record breaking
wheat crop. Every man who comes to
Topeka from the wheat belt tells the
same story-increased acreage, none
plowed up. fine condition.
The Kansas City correspondent of the
New York Financier, one of the leading
financial papers of the country, pub
fishes the following in this weeks
Bank deposits at this point are in
creasing rapidly and the demand for
money Is about the same as for the past
month. strong but within the easy ca
paclty OF the banks Which are carrying
on an average probably 45 per cent OF
their deposits in cash. Kansas City be
ing so closely associated with the great
agricultural belt naturally watches the
conditions of the season very closely at
this time of the year 1t may be said
that lhe spring all over the west Is a
trif1e late this year. but that the soil
1-rtc
and is almost universally in exception
ally good condition for the planting Of
crops. The acreage of winter wheat all
over the southwest is unusually large
and up to this time is in perfect cOndi-
tion. There is every reason to anticipate
exceptionally large crops of all kinds
which will sell a t generous prices If
the movement of bank deposits this
past year indicates anything 1t shows
the west is getting out of debt and that
the proceeds from the sale OF the crops
is finding its resting place in western
banks. Understanding this condition
western banks are looking confidently
for increasing deposits for al least an
other year The clearings of Kansas
City banks for the month of March
We're $50, 23S. 700 two million dollars more
year. For the week past they were
S1S,197,S $50, and for the corresponding
week last year they were 81, ,O06, 4S9.
These are the kind of reports that
crops in Kansas this year the state viii
reach a height of prosperity which it
has never before dreamed of. Nearly
everybody in Kansas is either out Of
debt, or else is in debt by reason Of
having borrowed to buy more property
the addition of several hundred millions
of dollars to the states wealth
T. B. Gerow. director of the state free
employment bureau is already figuring
on bringing harvest hands into the
state to gather the wheat crop He has
sent out preliminary inquiries to the
grain dealers of the wheat belt coun-
ties. making inquiries as to acreage and
conditions from which to figure on har-
vest hands. The replies are almost
without exception all that could be hop
ed for.
The answer from Rocks county
shows q wonderful prospect as COM
pared with year ago. The grain dea-
lers there report that condition fine and
say the indications are that the crop
will be 500 per cent larger than year
ago. The other counties replied as fol-
lows:
cPherson-Condition better than
year ago; crop will be larger; none
plowed up.
Marzhall-Present condition 100 per
than year ago.
Brown-Acreage Oper cent larger than
last year. crop viii be double that Of
last year
Stafford-Condition never better: crop
about the same
Decentralization fine: crop twice as
large as a year ago.
Osage-ConditiOn good
INSTRUMENTATION good: some plowed
up because of damage from Hessian
fly last fan
Reno-Stand fine: no change in acre
age from a year ago.
Osborne-COnditiOn perfect, acreage
decreased; a crop failure last year
Harvey-COnditiOn very good; Hes
sian fly caused 10 per cent Of the acre
aeg to be plowed up.
E.liis-Acreage increased 10 per cent.
crop will be twice as large as last year;
present condition fine.
Observation-Disclosures good crop VIII
be 40 per cent larger.
sworth-Condition never better.
S1mner-Condition good; crop go per
&C ~ greater.
characterization best possible;
crop so per cent greater.
Pratt-Condition excellent. crop viii
be about double that OF last year
I2lssh-lsosd stand. large aereagf:
crop VIII be 30 per cent greater than
year ago.
CowIey- first class; acre
age the same: crop large.
Republic-Condition fine; prospect
S)ttara-Present condition 100 per
cent: the crop viii be so per cent larger
than a year ago