Daily capital journal. (Salem, Oregon) 1903-1919, 1917-08-15
FARMERS WILL HAVE
GOOD BANK ACCOUNTS
Yield Generally Lighter But
Prices Doubled Brings
in the Money

Farmers of the Willamette valley
and fruit men also, will have more
money to their credit in the banks this
fall than ever before, Notwithstanding
the reports that have been sent broad
cast to the effect that Oregon has pro-
dueed only 65 per cent of a crop.
This statement was made by Harley
o. White, former mayor of Salem, Of
the commission house of D. A. White
& Sons He bases this prosperity view
of the valley from actual travelling in
all the counties from Lane county
north and from reports that have come
to him in his business transactions.
"This prosperity of the farmer in
the valley is due mainly to the rapid
advance in prices during the past year
Mr.. White said. "One year ago today
we were paying 81 bushel for wheat
Now the farmer will be paid SO for
every bushel he can deliver in the city
There has been a substantial Increase
OF wheat acreage and even if there is
Icply 30 per cent of crop this year,
the additional acreage and $2 pri''
will put moro wheat mo'ey IN the
banks than one year ago.
Prices are Doubled
''The proposition is the same with
oats One year ago the market price
was 35 cents. Today we are paying go
apG-65 cents, and if there is short
age of crop, the extra price leaves more
money in the bank. Hay of all kinds
has radically increased in price since
this date of one year ago when the
wholesale price was $11 and $12 a ton.
Today the price is $1S and $40 a ton.
Alsike clover is turning out fine in
the alsike seed district. The yield is.
from seven to nine bushels an acre and
every bushel will sell for $11.
"Sixteen cents is the price today
for clover seed, the highest that has
ever been paid in the valley. Although
the crop has been poor, there is an ad
ditional acreage, which with the high
price, will leave as much money in the
country as last year"
Mr.. White believes there is 25 per
cent more wheat in the valley than
last year on account of the increased
acreage.
Crop Brings More Money
The farmer raising, say only ten
bushels an acre this year is just as
well off as he was last year with 20
bushels to the acre, or as he was in
1915 if he had raised 25 bushels to
the acre, all due to the radical advance
in price. With the prospects that the
government will guarantee So bushel,
and the market price today of 50, the
farmer with any wheat whatever is
fortunate.
Besides the regulation farm crops,
thousands of acres have been planted
in beans and from reports received
from all parts of the valley, there will
be at least 80 per cent of crop. With
a price of 10 cents for cleaned and
sacked beans, compared to field price
last year of 515 cents, these thousands
of acres will mean additional money
for the Willamette farmer.
If he has any butterfat to sell, the
farmer is now getting "A cents, com
pared to 27 cents August 16 of one
year ago Creamery butter was then 30
cents a pound but not it is 46 cents.
Country butter one year ago sold for
20 cents. Now the price is 80 cents d
pound.
Pork Prices Soar
Pork on foot was quoted one year |
ago at from S1a to 8 cents. Today the
quotation is close to 10 and going high |
er. Veal was 9 cents but in the one |
year it advanced to 13 cents. Eggs have |
Jumped from a market wholesale price |
of % cents to "a cents, and new pota-