Evening star., 1936-02-10
LESS IS RECEIVED
FOR LARGER CROPS
Richmond Reserve Publishes
Summary of Years
Farm Results.
BY EDWARD C. STONE.

llndS-TdNSQ AMY SCA SioPo,
but got less money for them than in
1884, the Reserve Bank Of Richmond
reports in the most complete crop
summary the bank has ever issued.
The farm value of the corn crop is
placed at SLOT, 7,7l0000, against $l15,-
73l 900 a year ago; cotton at S76,80l,-
900, against S82, ,923, 900 last year; to-
bacco. S157, 1000, compared with
s154. 900 year ago; Irish potatoes,
sl8,428 900, as compared with $2O,-
$4,000 in 1894; wheat over $22,000,-
600, almost the same as last year. and
apples, $l8,9lO,000, against Sl5,783'oOo
In 1884.
Other crop values are also given,
but the percentage figures show most
clearly the exact situation during the
year. Corn production rose II per
cent over 1884 production, but the
farm value of the crop declined per
cent in 1885. Cotton production was
/ per cent above 1884 production, but
the aggregate value of the crop de-
clined 7 per cent. Tobacco yield was
a per cent higher than the 1884 yield,
but the price was so much lower per
pound that the total value OF the To-
bacco rose by only per cent. Irish
potatoes declined in production IA per
cent in 1885, but the crop in the
limited States was so large that the
total value of the fifth district crop
declined IL per cent under the Vaiue
OF the 1884 crop.
The sweet potato yield rose per
cent. but the value fell IL per cent
The oats crop rose 28 per cent in out
nut but the value of the crop in
creased only 6 per cent. Wheat pro-
duction in the fifth district was IL
per cent larger in 1885 than IN 1885,
hut the total value Of the crop rose
only 4-1O of / per cent. There was
gain of IL per cent in the tonnage
of hay in the district in 1885, but the
aggregate value of the crop declined
10 per cent. Peanut productlon IN
creased 4 per cent, but the Vaiue ol
the nuts fell per cent.
The total apple crop rose 63 per cent
in 1885, but in spite of the fruit oelng
of good quality the total value OF the
crop rose only 20 per cent. The COM
mercial apple yield increased % per
cent in 1885, but the crop brought only
per cent more than the 1884 crop.
Sorghum syrup decreased per cent
in production in 1885, and the value
of the syrup dropped by l per cent,
this being the only agricultural pro-
duct for which the unit price was
higher in 1885 than in 1884.
In comparison with average pro-
d,,ction figures in the fifth district
in five base years 1928-1932. produc-
tion figures in 1885 were larger for
all important crops except Irish pota-
toes. The relatively low yield OF irish
notatoes was due to reduced acreage.
as a result of disastrously low prices
for potatoes during the past two or
three years.
Thomas Given Bank Post.
J. ]. Thomas, for many years
member of the Federal Reserve
Board, until the reorganization
few days ago, has been made chair
man of the Kansas City Reserve
Bank by the new board of governors.
The appointment as chairman and
agent will run until the end OF the
year, but he will remain as a Glass
c director of the bank until 1889.
His salary as chairman will be $4,000
Charles Hamlin and Adolph c.
Miller. two other members OF the old
board, will be retained on the WASH
ingvon staff of the new board. Mr..
Hamlin, the first governor OF the
Federal Reserve Board, will remain
as a special counsel and DR.. Miller
will continue to supervise the con-
struction of the boards new build
ing, serving without compensation.
George r. James, the fourth retir-
ing member of the old board, has re-
turned to private business in Mem
phis, and will not accept any office
with the new board.
Buckner Reports Fine Year.
Details from the annual report Of
Thomas A. Buckner. president of the
New York Life Insurance Co.. show
that during 1885 the company paid
or credited $14l ,6O2,272 to living pol
icy holders and s67 .99l ,240 to benefi-
Charles of those who died. At the
close of the year the company had
2,672,636 policies in force, involving
insurance protection of more than
$500 300, 900. New insurance gained
6 per cent over the previous year.
The company reported surplus of
$116, ,706,871. During the year the
company set aside a special invest
ment reserve of $4,000, 900 and re-
100000. In analyzing the assets,
President Buckner said:
Holdings Of United States Govern
nent. direct or fully guaranteed bonds,
totaled 1921, ,276 ,845. an increase of 81
per cent over the previous year. State,
county and municipal bonds, $218,-
461, ,035, were IA per cent higher, while
public utility bonds increased by
per cent and totaled $l65, 5,657,871.
Heard In Financial District.
Oficers for 1886 vii be elected by
the Union Market Business Associa-
ton at the monthly meeting tomor-
row at 2 pm. in the Union Market
Terminal Building, J. o. Harrison, jr..
secretary announces.
John e. Parker, one of the manag-
ers of the Washington Office of G. M.
p. Murphy 6s Co., has returned from
o Winter sojourn in Florida. He says
the resort business is by far the
heaviest of any year since 1929.
All the stock exchange Offices in the
city will be closed Wednesday in OBJ
servance of Lincolns birthday ami
versary. Banks will be open as usual.
Board rooms were crowded again to-
day as investors and spectators
awaited the hoped-for T. v. A. de-
cision by the Supreme Court.
Deposits in virginia's 1876 State
banks increased more than $24,000,-
900 during 1885, and resources gained
so1 nm mn the Ia nkino commissioner