The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1912-08-05

MEM YORK; Aug. 3.--i Ne Un4kSd
States seems 10 have taken ia Mother
Nature as special partner, and once
more the country promises TO be fay-:
ored with good haryests- II present
calculations are realized We shall gar
ner q oo,es, goo bushei wheat crop, e
2, s00, 0Oo, 900 bnshel corn crop and
j. 200 ,g0sD, 600 bushel oats crop. The
yield of potatoes and hay is also likely
10 be considerably ahead of last year
The total value OF these five crops is
estimated at $4,000 600, goo, or about
5000 COS, 900 ahead of last year In All
probability the aggregate of all agri-
cultural wealth produced this year
viii be about So 600 ,90s, 900. as against
81, 500, 100000 the figures OF the De
partment of Agriculture last year.
What this annual production OF new
wealth means 30 this country may be
estimated when il is remembered that
the capital stock OF all the railroads
in the United States is placed at sSsj
40 10000 An increase Of $500, osio.-
coo in agricultural products in single
year cannot but be powerful stimu-
lus to business.
Bankers in all portions of the west
are agreed that the crop situation is
satisfactory, that business is in more
promising condition than for several
years past and that the business men
/ of the interior have decided TO elini-
nate politics from their calculations
This is practical expression of in
creased confidence based upon posi-
lively improved intrinsic conditions
I The cotton crop seems likely TO fall
below early expectations, but the
yield viii, nevertheless, be large, and
/ planters are securing prices which al
ford coed profits. The south enjoyed
exceptional prosperity last year and
is not likely to fall behind seriously
during the next twelve months. Au,
gust is usually month of deteriora
ton, SO moderate falling off in con
ditson need cause no surprise in the
final reports
i The stock market has been strange
II backward in rejecting the better
81 ment Of conditions in the interior
This must be largely attributed to tn
absence of genuine leadership. Tn,
stock market is literally taking car,
OF itself, and stagnation was increas
ed by the fact that the vacation sea
son is now at its height. Wall Stree
is not governed alone by crops an
business, as is the case in the interior
Monetary conditions are an importan
, influence. So, too, are internationa
!, affairs. The money market reflect
increasing business activity CONNER
cial paper is more plentiful. Tim
. money is hardening and the increase
! demand for funds is being felt in a
!. directions According to the last stats
!, msnt OF the national banks through
tout the country loans are more tina
$500. 900 600 in excess OF a year az,
Canada has begun to Withdraw he
n balances from this center. Wester
2 and southern demands viii shortly b.
). come more pressing. and there Ia
Z been some expectation that Europ
+ lowing 10 strained conditions Their
: you'd depend upon New York Il
i gold in settlement of its obligations
! South America Easier condition
/ however, are beginning to prevail
= Europe Germany has been paying
J. portion of her American loans, int
p eating partial relief of strain in tn
e quarter. and in both Paris and Lc
e don cheaper and more abunda
e money is reported Among the re
e sons why New York has been lie
p sanguine than the west is the IRENE
IN.