Show WHEAT CROP AIDS BANKS Farm Prosperity Is Boon to Financial Situation WASHINGTON July 26 WIth Will the number of ot bank failures dc- dc creasing rapidly from month to I month In the states west welt of ot the tho MissIssippi river where stringent credit conditions obtained last wl wi-i- tot tel high treasury officials et- et ex expressed pressed the tho belief bellet today that th the reported bumper wheat crop In Inmany Inmany Inmany many of oC those states had placed the financial Institutions InstitutIon ot of tho-e tho districts on their feet teet again FAILURES Treasury records show that 3 2 banks were forced to close their doors between January 1 and July I These Theo Includes state Mate and 75 national Institutions and nd while whilo a 0 few tow more have gone out of ot busl- busl busi business ness since thus the records show that the tho failures failure In May were 30 80 per percent percent percent cent fewer than In April In states west of ot the Mississippi and 25 per percent percent cent cont losS less In Juno June compared with May Despite the long list of ot failures the treasury believes that any tightening of or credit that may come conto next winter will have little ton ette-ton effe effet t on the banks They have been beon abl to 10 fortify themselves In various Bays ays and are now prepared to withstand any calls calis that may cooke come cometo to them except of ot course courle In iso iso- Iso Isolated hated cases where the tho strain may mav maybe be too great great- 20 B NS The Tho agricultural credit corpora corpora- corporation corporation tion organised ed last sprinG at the direction of ot President Coolidge has been able to reopen some 20 of oC th banks that failed and advices to the tho treasury indicate several score more In the northwestern states are aro now reC receiving h Ing aid which will them to weather any new crisis Most of ot the banks to which the has hag e extended tended aid ald a- a au small ft-small small Institutions Institution and require only a 0 small amount of ot r money oney to put them on a firm foundation officials declared They explained the corporation therefore would be able to help many mony more banks than was originally expected Commenting Commenting- further on the reported re reported ported big bill crops In many of ot the heat growing sections offIcials this meant that millions million ot of dollars In credit extended to farm farm- farm era ers era would be liquidated or the I loans ans reduced this fall fail and nd paper which some of the banks had been forced to charge oft off as able able would now become obligations upon the tho banks would real rel realize ize FAILURES BY The Tho treasury's figures on bank failures showing what hat Is 18 believed to be bo a nearly correct list of ot all s1 the failures west of oC the tho Mississippi river aa s follows tollos Texas 1 l national bank and state slate banks Arkansas none and 8 3 MInnesota 3 and 26 Iowa 1 an and 29 Missouri none and 8 North Dakota 9 and 39 89 South Dakota 22 12 and 54 Nebraska 6 G and f I Kansas 3 and 8 Montana Montana 12 and 28 Wyoming 6 G and 8 S Colora Colorado 1 2 and 1 I New Now Mexico 10 and 7 1 UI 6 and 32 32 r Vo Washington 2 and 3 Oregon 0 and 2 Califor California nia nono none and 1 Idaho 2 and 1 Utah 1 and none Nevada none and none Arizona none and I 1 LouisIana 0 and L 1 00 00 |