The Minneapolis journal., 1906-06-28
JONES CAN FIGURE I
420,OOO,OOO BU.
MINNEAPOLIS CROP EXPERT
SIZES UP WINTER WHEAT. !, g
Trip Thru Southwest Reveals That
Crop Will Be Immense Barring Wet
Harvest Corn Promises Abundant
Yield Railroad Earnings Should In
crease,

H. V.Jones, the Minneapolis crop es-
tlmator. who, In company with } ohm :
Inglis has been covering the winter
wheat fields of the United States, is
sued his annual report today. Mr.. Jones
finds that the country. has raised 420,-
100000 bushels of winter wheat, the
largest crop ever produced.
In view of the dry periods earlier in
the season, when Kansas and Nebraska
stood in need of rains, which afterward
came, there was much talk of drought
and the railroads and financial world
stood at one time in fear of possible
crop calamity and lessened business ac-
tivity in the fall.
Railroads Will Be Prosperous.
The Jones figures would indicate
greater opportunity this year than ever,
for large southwest railroad earnings
and general expansion. Southwestern
markets, at st. Louis and Kansas City,
received the report, which was sent out
from Minneapolis about noon, with sat,
isfaction. The grain trade in general
waited for it, but Wall street evinced
as great an interest in view of recent
apprehension lest important damage
might have resulted in the southwest
grain states, and the assurance In the
report of a harvest return not only up
to normal, but even better than In
years past New York waited for the fig
ures and a summary of the report was
eabled to London and Liverpool.
Some Crop Figures.
Condensation of the report follows:
! The crop of 42o. 100000 bushels winter wheat
is made and loss of yield can result now only
from a wet harvest. The winter crop last year
was about $50. 600. 900, altho the government
| estimated it 0,0G0.O00 higher. but distribution
! shows clearly that the government was 5osO0o.-1
! 900 to 6oo0o0o0 too high on the last crop in
! the United States. This would make the gain
! in yield this year over last about 4O,Oo0,ooo
! bushels. Fs
| When wheat corn and cotton in abund-
ance business moves with snap, except in seasons
| of depression, and the country is free. from
! depression. There is reasonable assurance that
winter and spring wheat will round out large
yield. basing this assumption on the present
! promise for spring: The prospect for corn Is
| favorable. There are sections where growth is
| two weeks behind, but the plant is healthy, and
a hot July and August will work wonders in
bringing 1t out. Cotton is in much the same
| condition as corn -. -
Farmers Have Money.
/ In commenting upon the general situation
| southwest Mr.. Jones said:
| The western farmer is prosperous good
| crons for five years have given him a surplus.
! Country bank Genosits are made up in large
| part Of farmers money. In four representative
. west of Mississippi states there is now on de-
posit in state banks. not including NATIONAL
$500 900 900 against 1882. .O0O,0 ,0e0 two years ago
and $205 OO0. 900 five years ago. These figures
measure the advance made by the western farm
er-gain of S115,O0o.0G0 in state bank deposits
in FIVE years in four states. If this season
rounds out with the maturing of wheat, corn
and cotton-the winter wheat crop is ALREADY
assured and the spring wheat crop is In good
promise-the country is going to derive great
underlying business strength The farmer viii
continue to purchase the normal amount OF sup
niles and clear off Indebtedness.