The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1915-08-07
MONEY POURING
INTO BUSINESS
Bankers Declare Financial COndi-
lions Are Growing Better
Day After Day

Financial conditions In Oklahoma
are better than they hnve ever been
IN the past A better feeling prevails
all over the state. The magnificent
crops are responsible for IT," - Sub.
stance " statement made by several
bankers today
Alfalfa started the movement that
has put Oklahoma upon its feet, aud
wheat came along and helped with
the good work The result Is that the
state is today In good financial con
dltion and is growing better day by
day.
At lcnst that Is what the bankers
sny about it and they ought to know
Money Is flowing into the state banks
from the sale " the alfalfa, wheat und
oats crops The rise In the price of
oil is helping The information lhat
business Is much better comes lrom all
over the state.
There ure u Few sections In Okla.
homu where the wheat was not good,
but these areas are not large In eN.
tent Kay county Is one for instance,
but Kay II rich county aud the other
crops are good. SO that II can stand 1t
very we'll
Cotton Crop Is "a Problem
Cotton prospects are good In the
state. but the cotton crop viii be much
smaller this year OH account of the
reduction In the acreage Nobody
knows what the price OF cotton will be
The bankers of oklahoma CITY viii
decide Saturday Oh sending repre-
sentative 60 Galveston, August II, to
attend the conference there on nluuS
for marketing the cotton crop NJ the
south The meeting was called hy
Joseph Hearst uf Corpus Christi.
president Of the Texas Bankers as.
,o'inuou
Ihl, meeting viii be- attended by tho
governors ul the federal reserve banks
at nullas, Atlanta and Richmond. and
also by representatives Of the bankers
uud clearing house associations In the
southern states II Is considered i'm
purtuut that the Oklahoma City bgnk-
rrs be- represented
Il /, admitted that the cotton stu.
utIou Is problematlcnl-u almost ns
puzlIIng ~ II was about the timr the
rrop had heery picked md wns ready
for the market last yeur
Dependence On other Crops
The fact that England has put cot
tom un the cuntrabund list makes the
situation here more difficult than II
has ever been. II makes the price
of cotton uncertain and likely to 20
up or down Nobody knows which
way It viii jump This IL OF more
Importance To some Of the other sourh
en state, than to oklahoma, uuN
ever
II Is estimated that Oklahoma will
raise nbuut SOO.OOp bales ~ cotton
this year This is the estimate Of
/ the bankers, aud is lower than some OF
| the others have placed IT, Last yCnl
the crop was approximately 81 2OOUW
! bales
~ llll" NNNA' u ANl ~ lNlA vi AiAt
difference is made up IN the acrenv
/ of wheat. corn. cats and other staples
/ An encouraging circumstance Is th;
I fnCt that IL Is such an excellent veal
for corn, and that the crop r. sU,t
all over the state This Is especially
true Boo the eastern aud southern SEQ
| ton In the southern part Of thl
state a large part of the acreage usu
. ally given to cotton was planted Il
corn this year, and this may turn on
| to be- very fortunate
In other words cotton is an unccr
/ taluty, under existing conditions. whil,
corn IL q certainty other feed crop,
+ are excellent and again there IL proc
that diversified farming is the onl,
kind that will pay In oklahoma. Thh
being gOol crop wear the proof Il
here In abundance