The Newark star and Newark advertiser. [volume] (Newark, N.J.) 1909-1909, 1909-08-16
IN THE WORLD OF FINANCE
CROPS TO
GUT LIVING COST
Rosy Prosperity Predicted in Re-
port on Commodities and
Business.

CHICAGO, Aug. 16.-Predicting for
1909 the greatest all-around crop the
United States have eve seen, declaring
that the signs of returning prosperity
are unfailing, and predicting plenty o.
employment for the unemployed of the
country because of the revival in every
branch of industry, the Commercial
National Bank of Chicago has JUS
issued it's ninth annual crop report and
review of business conditions.
And to cap the climax, it is pointed
out that the abundant crops SHOULD
mean a reduction in the price of food
stuffs to the ultimate consumer, which
will be good news to the householder
The report states hat yields of thu
great cereals this year are at a bumper
record; the final determination will be
required to give it first or second place
with 1906, when wheat, corn n oats,
as recorded by The Agricultural Depart
ment, aggregated 1927, 5000 bushels
The yield of wheat per acre vas only
exceeded once in recent years, the ag-
| gregate of 1875, 049, 900 falls little below
the 1906 r Of 1856, $50, 900 bushels, which
was the second largest crop ever gath
cred, the record being made in 1901,
when 74S, 900, 900 took the edge off a poor
corn yield. The effect of this great
crop, coming after two years of small
Yields, has stimulated business as else
uhara ro0nnnfad. IL rnrnGG in Tina r.
replenish the depleted stocks on farms
graneries, elevators, mills. warehouses
and stores. The returns are the more
gratifying because the year opened un-
propitiously.
King Corn sits again in majesty over
his domain; the plant has been more
vigorous, and promises a production fai
beyond the $685. 900, 900 bushels of lasf
year. Oats has come into its owr
again, as corn, and the outlook is for &
crop of $40, 900, 900 bushels. The barley
crop promises a total of 1S3, 431, 900 BUSH
els, comparing with 166, $4,000 bushels
| last year, and rye a crop of 35,131, co.
bushels, against 81, s51, 900 a year g
Most manufacturers report a reduc-
ton of costs as a result of the depres-
sion, ranging up to % per cent. Wage
reductions were few, but the chief gaiT
has been in the higher efficiency OF
labor.
The dull times have furnished an op
portunity and an incentive to manu-
facturers to reorgarize their establish
ments and improve their methods. Mer
chants ave had-a valuable lesson upoi
the subject of over-stocking under til
pressure and stimulus Of good trade
and permanent economies and lasting
benefits will result.
1t is no longer necessary to speal
in cautious terms of faint and scat
tered signs Of Industrial revival. TIL
evidence of improving conditions is to-
abundant and conclusive to be gain
said. The movement has developed 81
rapidly during the last three months
and now includes 50 many lines ant
has gained such momentum that, witt
fundamental conditions all favorable
a relapse is no longer to be feared.
Building operations throughout thu
country are now on an unprecedented
scale. The production of copper is thu
greatest on record and that of Leaf
rapidly approaching normal.