Los Angeles herald., 1907-07-21
CROP REPORT
IS CHEERING
COMMERCIAL AGENCY COVERS
THE FIELD
TOTAL YIELD MAY NOT EQUAL
1906 BUMPER CROP
Bright Feature Is Certainty Of Large
Demand for Products Both
at Home and
Abroad

Los Angeles bankers and merchants are
vitality interested in crop conditions In the
agricultural states of the country Re-
ports are closely scanned from week to
week. Advices from Henry Clev-s & Co.
or New York are to the effect that the
crop outlook at present is the best feat
ure or encouragement. The country has
now mad month of fine growing
weather, thus doing much toward recov-
erlng from very backward spring. The
wheat harvest is now we'll advanced and
promises yield of over $780, VOC, 900 bushels
While this is about 100, 900, 900 bushels less
than year ago, 1t is still a good av-
erage result; last year, 1t must be re-
membered, having produced a bumper
crop. The outlook for corn Is for a
yield of 256O,0O0,000 bushels, a decrease of
bOOOOO,OOO bushels compared with last
years bumper crop. There are no indi-
cations anywhere of crop failures.
The general outlook is for full aver
age yield. Even cotton does not promise
short crop. The bright feature in the
situation is the certainty of large de-
mand for all of our agricultural products
both at home and abroad. The wheat
shortage in Europe insures a good de-
mand for any surplus which we may have
Of that commodity. There Is also the
prospect of large demand for cotton.
Prices of all agricultural products are
nigh, and must be yielding the farmers
large net returns. The only unsatisfac-
tory present feature in the crop outlook
Is that both cotton and corn are at least
from one to three weeks backward; they
are, therefore, particularly exposed to
the danger of early frost, and a late
fall with good weather during the inter-
val VIII be needed to secure a good yield
of these crops.
Savings Deposits Of Children
The comptroller of the currency has re-
ceived from j. H. Thirty of Long Island
CITY, N. Y, report of the operations
of the school savings bank system to
January 1, 1907, the report being dated
March, 1907. The system, it Is stated, was
established in 1885, and from the sub
Joined statistics it appears that the de-
posits to date aggregate $500, 1885, the
Withdrawals, $5,615, 1927, leaving the bal
ance due $744,45629. Mr.. Thirty asserts: 4:
Careful computation shows that more
than $15,0OO,0O0 has been saved by our
public school pupils since the introduc-
ton in 1885 of the European plan, not in
cluding the amount shown in the follow
Ing statistical table," and that "it is to
be noted that the stamp savings system
and the various provident funds of many
cities are all tributary to the system Of
school savings banks"
Each teacher collecting savings from the
pupils is treated as a school savings
bank; hence, as shown, there are 5523
banks in 1016 school houses. with 16S, ,S62
depositors out of 453,4 473 pupns enrolled.
From the figures submitted it will be
seen that New York leads in the volume
of funds deposited, followed by Pennsyl-
vania. Ohio, Massachusetts and Michigan
in the order named. In savings, as evil
denced by the balances due, Pennsylva-
MIA leads; second in the list being New
York, followed by Ohio and Michigan.
The balance due Massachusetts, depos-
itors Is less than the amount due in the
other states herein named.