The Birmingham age-herald., 1915-08-14

South Dakota would yield about 75 per cent of an average yield of corn, but the outlook for the rest of the district was not so very favorable. In fact, MT. Rich reports the agricultural colleges and some of the railroad managers are beginning to urge the building of silos and the cutting of poorly developed corn in the green for ensilage
 With respect to the business situation in the northwest MT Rich reports that wholesale and retail business is now sub stantially normal, industrial business close , to normal and even the timber and pulp industry is improving.
 The Demand for Money
 Late in June. New York bankers who visited the northwest and also Iowa ana Missouri reported to their friends, upon their return to New York; that the banks throughout all that section had a plethora of money, saving also that much or thls money belonged to the farmers. The bank managers were put to their wits end m order to make profitable use of this money, but the demand was not very great MT. Rich says that now there is an improved demand for money which of itself Is an 1 indication of renewed activity. The con | tinued favorable crop outlook is having a beneficial influence on all lines of trade 1 in the northwest. and should the climate during the remainder of the harvesting season prove favorable. then business throughout the entire district is certain to be very brisk. Ever ,n manufacturing the depression which was noticed in the late spring and early summer is chang l ing to more active conditions.
 ! Reports of this kind, al least in genera l features have been reaching New York and undoubtedly Washington, for two oi I three weeks. In the spring Henry r l Davison of J. P. Morgan X Co., stated, z I few days after his return from London l that if the crops of this summer were as bountifuI as they were last year ther there would surely come an irresistible i'm pulse which would make for greatly I'm proved business conditions. MT. Davisol
 always speaks cautiously, striving neve | to exaggerate. For that reason, it is : [ fair inference that he had in mind tn : beginning of what may be an unexample'
 era for the United States as soon as tn harvests are garnered, provided these har vests are bountiful
 One interesting feature of the govern ments crop reports shows how muci the country is to owe to the south for th' harvest of Indian corn which is likely t' make the second bes, record. Texas alon will harvest nearly 160000,00O bushels O corn; Missouri will garner nearly 19O,OOo, IoOO bushels: Kentucky. i15,00O0O0 bushels Louisiana 50. GOO bushels. and Virginia North Carolina and Georgia together ap proximately 175,00O eG0 bushels. These fig ures in themselves show how rapidly az
 ricultural industry is becoming diversl fled in the south. It is the southern corr harvest which is making good the deii ciency in the corn crop in other part of the country.
 The magnitude of the wealth which vii lbe taken from the soil and will be convert ed into many of the visible evidences O
 wealth Is shown by the Washington esti
 mate that 10 of the principal crops, ex
 elusive of cotton will yield new wealtl
 taken from the soil of the money valu lof s5, 3Oo, ,O0o0 00o, or jus. about one-half O
 the estimated money value of the entir lagricultural industry in the United State for the present year.
 | This crop report and the evidences o great strength in the steel industry, am Particularly that part of it which is no
 oo coupled with war orders, explain tn feeling which is now so prevalent tha
 unless some nnfavorable contingency no possible now to foresee occurs we shal
 find in the fall all The evidences that per manent prosperity has come.