The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1916-04-18
MONEY DEMAND

iContinued from Page oneI
le- loose a mass of data on crop out
look. Emporia, and various and sun
dry other matters till one wondered
where he stored all the knowledge.
Alfalfa is our main crop and it's
a hummer with us. There is no bet
ter alfalfa raising country in the world
than ours Cattle are one of our main
stays for we raise numbers of them
and every farmer out our way has his
herd"
FARMERS are in splendid shape fl
nancially for they all have money in
the bank and they have paid their
debts within the past year to an extent
good demand for money with us and
prime cattle paper commands seven
and eight per cent interest"
From the Oil Fields.
NJ. B. Light. president of the State
bank at Winfield. was an early arrival
last night. When asked regarding con-
ditions in and about Winfield, he said !:
I'VE are in the center of a big oil field
and this industry let loose a full half
million dollars. This has been we'll
distributed among the farmers and
they are all in first class shape. Our
city is growing fast and we intend to
erect new five-story fire proof bank
building this Spring. We are to build
a new high school this summer for we
have outgrown our old one and when
we built IL we thought it good for the
next ters or fifteen years. Cattle rails
* one of the chief industries in our
section and the demand for money is
good with prime paper bearing from
seven to eight per cent interest. The
wheat and alfalfa are both looking
fine and we anticipate a big crop"
One of the interesting scouts attend
ing the meeting is d. w. Jones who is
connected with the Mississippi Valley
Trust company of St Louis. a 40 mil
lion dollar concern.
I'VE are like all big institutions al
present as we have more money now
than we can handle to advantage but
look for a stiffening of interest rates
within the next ninety days and Their
we will be able to use the big surplus
we now have. This condition is only
temporary and one should remember
that the farmers now are planting
their crops and that takes money. Tha'
money will remain in the ground til
fall and then will come the big de
mand for cash to move the crops
which means a double drain on th'
bankers. for they are the ones wht
must finance the farmers of this coun
try, and it behooves them to have a bis
amount of ready cash on hand for tn,
indications are, from all that we cal
learn, that there will be a big crol
this season"
Time to Make Money.
If a banker does not make none.
within the next ninety days he will new
er make any for better time neve
has occurred within the past decad
for the banker to make money thai
exists right now for all conditions ar
right for it,
what seems to be the opinion o
your people regarding interest rate
for the near future?"
"As I said before, the indication
are that they will stiffen, for the tim
is near at hand when the demand 70
money will increase"
''Are you out here looking for NOR
money!" he was asked.
Sure, and new accounts as well 70
we do a big business with Kansa
bankers was his reply.
''Rut you people have so much nov
how can you make money on i'd
money ." he was asked.
That feature is only temporary