San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1925-08-26
F ARM OUTLOOK
OPTIMISTIC IN
MIDWEST
Better Prices and Bumper
Crops Assure Growers
Successful Year.

Successful Year.
BY the Associated Press.
CHICAGO, Aug. 26.-Two words
beginning with b, better and bumper,
were the predominant note of reports
from agriculture throughout the mid
west today.
Several sections reported bumper
crops, many reported better crops, and
all heard from reported better prices
for farm products, but the high note
was the report of better Financial
conditions" which came from COM
munities where early freeze and later
drouth severely damaged crops. In
those sections the farmers faced their
ancient field enemies. buoyed up by
the prospect that better prices and
better business conditions would more
or less offset the damage of nature.
EXCHANGE VALUE UP.
Statistics compiled by the Ma
tional Bank of Commerce of st. Louis
stated that while three years ago a
given quantity of farm products, when
exchanged for industrial goods, was
NOEIu Oull 10 pei NtuI VI It's IOlc
exchange value, now its worth was
% per cent. William McMartin, chair
man Of the board of the Federal Re
serve Bank of st. Louis, said there
is increased purchasing power in the
country, due to large crops and higher
prices.
Optimistic reports on crop condi-
tons in Michigan were made by Verne
II. Church. federal statistician, and l..
Whitney Watkins, state agricultural
commissioner.
BUMPER CORN CROP.
Wheat, rye. barley and oats were
reported yielding better than expect
ed. Corn was rated at So per cent,
potatoes normal, beans So per cent
and sugar beets 50. An apple crop of
S356,000 bushels was predicted. The
peach crop was short.
The Ohio farmers position was re-
garded as the most favorable since
1915. G. J. West, State federal agri-
cultural statistician, said there is not
an important crop failure in Ohio. A
bumper crop in Southern Ohio was
predicted.
bIQDlDAIE LUAND.
Liquidation of many frozen" loans
in country banks of Indiana was fore
cast by Evans Woollen, president of
i. the Fletcher Savings and Trust COM
psny of indianapolis. This he attrib-
utedl TO the best corn crop in several
years, with good oat and wheat yields,
despite spring freeze and later drOuth.
Everett G. Brown. president of the
Chicago Live Stock Exchange, after
three-week trip in the western farm
ing country, said this years corn crop
was the biggest ever raised. He report
cd also the greatest scarcity in many
years of fat fancy cattle and predicted
that money would be made out Of the
corn crop by feeding it to live stock.
BUMPER GRAIN CROPS.
Better crops than for years, both
in quality and quantity, were reported
for Wisconsin, while in Minnesota
both grain and live stock marketing
showed increases over year ago. The
Ninth Federal Reserve Bank in Min
neapolis reported: IAN increased
movement of live stock for feeding pur-
poses is a favorable development"
A bumper crop of small grain and
corn production above the average
were predicted in Iowa. Charles u.
Reed, director of the Iowa Weather
and Crop Reporting Service, predicted
a corn average Of 40.5 bushels per
acre with an increase in production Of
about 145,000,000 bushels over last
year, or a total Of almost 4j0,000,GO0
bushels. Oats, barley and wheat
threshed more heavily than expected.
In Nebraska there is n possibility
Of exceeding last years corn crop Of
203,00O,00O bushels.
BIG COTTON CROP.
Although Kansas harvested one Of
its smallest wheat crops, about 6S,-
100000 bushels, better prices were
expected to compensate partly. Corn
in Kansas was estimated at a little
over 1O0,O00,000 bushels.
Oklahoma sang song Of cotton.
o. 3. Motherhood, state banking com
missioner, said:
"The condition of state banks is far
better than in many years. The bump
err cotton crop of last year, when more
than 100000 bales were marketed,
brought an increased number Of de-
posits."
As chorus for this million and n half
bales, j. w. Jeter, vice president Ct
the First National Bank of Oklahoma
City, said:
THE cotton crop (this season. may
reach the unprecedented total of D.
100000 bales"
TEXAS CONDITIONS FINE.
In South Texas there was drouth,
yet c. G. Walsh, agent of the Elev-
enth District Federal Reserve Bank,
said:
Even the drouth conditions win
have less effect than they might had
not the state been in good financial
condition"
OF the crops in the rest of Texas,
Nathan Z. Adams, president Of the
American Exchange National Bank of
Dallas, said:
Il have never seen brighter and
more hopeful prospects. North, East
and West Texas are experiencing near
perfect conditions and bumper crops
should be made in all these sections"
A joint report by Illinois and fed
eral departments Of agriculture rated
the state agricultural situation ms fair
ly strong and the best since 1920.
Agricultural and livestock condi-
- r.. a.