The Monmouth inquirer., 1923-06-14

non-profit association. In addition to
peaches, the members OF the associa-
ton are large producers of summer
apples and cherries.
Rain Needed For Crops
Reports from various sections OF
North Jersey indicate that, unless rain
falls soon in an appreciable quantity.
crops will be seriously affected. The
farm demonstrators In Morris, Warren
and Sussex counties unite In the belief
that. while the effects Of the drought
are not yet serious, a week or two
more OF present conditions would
cause genuine damage OF considerable
extent.
In Morris county the lack of rain IL
affecting the grass and grain crops.
Because OF the cold spring, none OF
these crops reached normal develop
ment In the early stages Of growth,
and the weather for a month has
stunted them SO that, even IL the
drought is broken. the crops will be
short
Besides grass. this applies to oats.
wheat, rye and some other grains
The sections Of Morris county that
have suffered the most are the high
ground about Chester, Schooley's
Mountain, Parker and Flanders The
grass crop, County Farm Demonstra-
tor Herbert SAKE says, will be the
shortest in several years.
Says Berries viii Be Small
Berries are not yet affected in a
serious degree, according to Mr.. SAKE,
although they will be small. II the
drought is not broken within a short
time, however, the berry crop will be
seriously injured. Streams are low,
but, outside of the new seeding men
toned and the menace of further dry
weather, there has been no distress.
Reports from Warren county indi-
cate that there, too, the upland crops
are suffering more than those in the
valleys Truck farmers fear for their
strawberries and home grown crops
of the berries are coming in very
slowly and are not prime in condition.
Other vegetables are maturing slowly.
County Farm Demonstration Howard
Mason feels that crops are in fair
shape considering the conditions, but
holds that a good, steady rain would
be. highly acceptable.
Sussex county reports are some
what more optimistic. The dry wealth
er has not yet had any serious effect
on gardens, but the belief Is that a
few more days without some rain
would see damage done. County
Farm Agent F. Leon Brown said that
the showers in this section last week
helped considerably. Lawns, which
show the effects of dry weather as
quickly as anything, look fairly well.
State Banking Report
An increase of s9S,907 ,660.S3 in re-
sources and SIS, 56S, 466OS in deposits
in a year is reported in statement
by State Commissioner of Banking and
Insurance Maxson. at the close Of bust
ness, April 3. Aggregate resources of
the 1873 financial institutions were
81 ,039, 165, S9946 and deposits were
1892. 531, 770.5S.
Financial transactions of 143 trust
companies, 81 savings banks and 20
state banks are included in the report.
Surplus funds of these Institutions
amounted to S50,284, 594.61, an increase
of s5,624,521O4 Trust companies and
state banks had undivided profits Of
$15, 1926, 1876, decrease of $322.-
33194.
Trust companies had resources of
1871, S04, 17219, an increase of STA $685.
64711. Deposits of trust companies
amounted to s617, 239,0179S, an in
crease of $50, S63 ,O4S41. Surplus funds
totaled S28,215,3S9.63, an increase of
1856, 1876. Undivided profits of
S14,289, 45O.9S showed a decrease OF
$202, 960.42.
Savings banks had resources Of
$23s,641, 1889, an increase of s11,677,-
41105, and the total of the surplus
funds was SIS, 144, 1926, an increase
of $1,4S9,310.93. Resources of state
banks were S6S,021, S94.99, an increase
of s11,3O3. 4O0.31 and deposits totaled
$57 $50 ,294.01, an increase of S10,02S,-
00662. State banks had surplus funds
of S2,924, 252.02 and undivided profits
of S1,635.747.7S, an increase Of $779,-
06S95 in surplus and a decrease of
$119,3 50 in undivided profits.
Jersey, Too, May Repeal
The turn of events in New York
has given added emphasis to the
rather delicate situation in New
Jersey with respect to proposals for
repeal or modification Of dry laws.
The influence of New York sentiment
always Is felt In this state because OF
the close business and social relations
between the people, but it has been
evident that repeal by the New York
legislature of the law passed two
years ago for the purpose of carrying
out the provisions of the national
volstead act reflected the feeling of a
very large number of New Jersey
people, who felt that similar action
should have been taken by their own
lawmakers last winter, and Governor
Silzer was back Of bill doing that
very thing. The majority, however,
never allowed the measure to get into
a position of possible enactment and