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Show AGRICULTURAL YIELDS AND VALUES. fll 1 Change X i Yields. from Past v' ' ilH . . , 190S. 1907. records. Tear. ilH Corn, bushels 2,668,651.000 I 2.9 2,927.416.091 1906 4 I inter wheat, bushels 437,908.000 1 6.9 492.838,004 190S U : ivBvl Spring wheat, bushels, ; 226.694,000 T .9 293,185,322 1S?9 i) Total wheat, bushels 664,602.000 I 4.7 743,460.218 1901 if Oats, bushels 807,156,000 I 7.0 987.842,704 1902 x H ' IIH Barley, bushels ' 166.756,000 I 8.7 17S.916.4S4 1206 4 Rye. bushels 31.S51.000 I .9 33,630.592 1902 Jl' Buckwheat, bushels 15.S74.000 I 11.0 22,791,839 1366 j Total, six cereal's 4,3r.4,S90,000 I 4.1 .... fi! ' Flaxsood. bu.ohols 1... 25.S05.000 D .1 29.234,880 1902 ?' Potatoes, bushels '. 278.9S5.000 D 6.3 332,830.300 1004 t Hay, tons 70,798.000 I 11.1 66,829,612 1SS9 4J IPJjl Tnbacco. pounds 71S.061.000 I 2.S 821.S23.963 1902 J Rke. bushels 21.890.000 I 16.8 21.096.038 1901 f ijBB Cotton, bales 13,000,000 I 14.7 13.438.012 1904 ijBB Sugar, tons 1.G5S.0O0.O0O I 4.7 1.5S3.000 1907 Hops, pounds 39,000,000 D 31.5 60.286,000 1906 l, i ijBB Wool cllp. pounds 311.135.321 I' 4.3 324,107.462 1902 . Change Values. from Past n ' - ' , 1908. 1907. records. Year. .H " ijBB Corn 5 1.616,145.000 7 20.9 1.336.901,000 1907 W; 3yllPilt ' - G16.526.000 I 11.2 554.437.000 1907 1 r ' Oats ..,.4 3S1.171.000 I. 13.9 334.568.000 1907 Sr Barley ' 92.442,000 D 9.6 102,290,000 1907 ' ilBVl Hyo, 23.455.000 I 1.6 24.5S9.217 1391 J ' Buckwheat . 12.004.000 I 20.3 16.S12.07O 1867 " U I Total, six cereals $ 2.742.043,000 T 15.9 ? 2,361.239.000 1907 L Taaxsced . 30.577.000 I -23.7 30.814,661 1902 ' Potatoes 197.039.000 T 7.L. 183.SS0.000 1907 M lIBBl Hay C35.423.000 D 14.5 743.507,000 190" it Tobacco 71.130.000 I 3.S 76.231.000 1007 . iBjH Rice 17.771.000 I 10.5 16,121, 29S 1906 1 , HBI Total, above 11 crops 5 3,696, 9S3, 000 I S.l $ 3,408,967,000 1907 v Cotton ? 567.000,000 I 2.9 6 10,341, 53S 1906 ji 1 llH Wool clip 61,694,616 D 21.0 SO, 115.514 1905 f, , Value of all farm products 5 7,77S,000,000 I 3.S 5 7,4SS,000,000 1907 ; . FINANCE AND INDUSTRY. ! Change 1, PJI from Past i, 1903. 1907. records. Year. Bank clearings S130.800.000.000 D 9.0 $15S. 870.584. 397 1906 i' llH Imports merchandise, estimated 3 1,107.000.000 D22.2 S 1,423,2S9,693 1907 I. llBl J Exports merchandise, estimated S 1.731.000.000 D10.0 5 1,923,395,267 1907 i Total trade, estimated S 2,838,000.000 D15.1 ? 3,346,6SI,960 1907 I ' Railway earnings, gross S 1,926.000.000 D10.0 S 2,140,000.000 1907 J, Circulation. Decombcr 1 $ 3.117,561.033 1 3.6 5 3.00S.241.583 1907 V Building expenditure $ 585,000.000 D10.0 $ 692,000.000 1905 j 1 IjBBj New York stock sales 195,500,000 I .1 2S3.662.84S 1906 . - 'Now York bond sales S 1,059.000,000 1 100.0 $ 1.036.S10.560 1904 t' . Business failures, number 14,106 1 37.0 15,560 1SD3 r I Failure liabilities S 290.000.0QO D21.0 $ 402,000.000 1S93 J Pig Iron output 15,700,000 D39.0 25,781,361 1907 J' Iron ore shipments 25,427,168 D37.0 42,245,070 1907 U Anthracite conl shipments 61,400,000 D 1.0 67,109,393 1907 r! , Shoe shipments, cases 3.7S4.000 D20.0 5.128,000 1903 " Ralls, output 1.S0O.O0O D50.0 3.977.SS7 1906 ill Labor strikes 230.000 1 31.0 650.000 1903 ' Immigration, total 437,000 D67.2 1,334.166 1907 fl' "Ivflvl Copper production 975.000.000 1 12.1 91S.000.000 1906 E ',' JM A Look Ahead. It would, of couisc. bo unwise to say that the outlook Is entirely clear. There Is still a measure of doubt as to the reality of pome of the Improvement shown on the surface of things. Shocks and dnmagc like thoso received slightly over a year ago arc not at onco taken up and repaired. Short hours are still common in Industry, and some tlmo must elapse before public buying ability equals that 'before tho panic. Some of the optimism op-timism displayed in the securities markets mar-kets a month or so ago was not fully shared In by many lines of business. Thero aro problems to be met and solved before American trade and Industry arc-fully arc-fully restored to the normal. One of those Is the question whether the admittedly admit-tedly excessive cost of conducting trade and Industry, because of high prices for food, and hence for labor, will not have to be adjusted. Bearing upon this is the probable proportion of tho European demand de-mand for our products In 1909. In view of the fact that trade among our best foreign customers Is still very much depressed. de-pressed. Our winter wheat crop at present pres-ent doc not promise to be burdensome, and foreign trade Is declining. Then the tariff revision outlook Is not entirely set- J tied yet. It seems lot,, us If a further 1 growth In general trade, which Is confidently confi-dently looked for In 1909, might have some Important temporary effects upon the money markets and possibly upon security price?, ns will the continuance of, what seems to be necessary, very large future borrowings by railroads for Improvements. In the end. of course, these expenditures must redound to the benefit of general business. Stocks are not burdensome, a hand-to-mouth buying movement having long prevailed, and, moreover, a well settled policy of repression repres-sion has been carried out. as a result o w)lch speculation apd overstraining of cradlts in distributive lines have been minimized. With past experience as a guide, and with events of 1907 and 190S Immediately In mind. It Is to be obseivud that panic history docs not necessarily repeat itself along1 precisely similar llpo!-. Governing these manifestations more and more, nowadays, are tho changes In un- j ilorlylng American financial and business conditions, the growth of population and' tho diversification and the solidarity of Industry, which all serve to absorb shocks and to readjust matters In a way superior supe-rior to what was possible in other yoars of strain. All things considered, the country coun-try really Is and, what Is equally Important, Im-portant, really feoln In far better shape than n year ago. and this gain In optimistic opti-mistic sentiment, with tho knowledge that wo have been partially spared ono of tho worst effects of previous grat panics 'long continued and acute dopresr slon. wlTh the consequent sacrifice of business life apd slaughter of capital Is In ItaPif a groat, gain for trade confidence. confi-dence. There Is a smse of deep relief that tho community has passed so safely through a great crisis, anil It Is with u feeling of chastened and yet cheerful conservatism that tho- business world looks forward to the year 1909 with a 1 fair degree of confidence, but with little !: ' expectation of a boom. i v. ! B New York Flour and Grain. V 1 NEW YORK. Dec. 29. Flour Re- XT eclpts, 24,198 barrels: exports, 5111 bar- f. . rels; market dull, but steady. j IH Wheat Receipts. 27,000 bushels; spot, . .V, . firm: No. 2 red, 51.0Stfjn.09 elevator: No. . IB 2 red. $1.10 f. o. b- afloat; No. 1 northern B" IH Duluth. $1193 f. o. b. afloat; No. 2 hard , ! winter, $1 16i f. o. b. afloat. Except for ' a short tlmo at the opening, whon prices i; wero affected by easier cables, wheat was E: ) IH strong nud higher today, lis Influence be- f ' Ing n bullish snow report, very light re- 1! jH eclpts and reports of serious damage in gi 1 Argentine. Last prices showed ic net Ji' rise. December closed at 51.10 11-16; May closed at 5112; July closed at $1.06). - 1 |