Show THE GENE GENERAL RAL CROP SITUATION courtesy richfield commercial savings bank the small grain crops are nearly made with yields better than those of last year the governments estimate upon winter wheat based upon prospects july 1 is for bushels against last year and as the average of the last five years spring wheat promises a much larger yield than last year to wit bushels against at which the total of all wheat would be larger than last year the condition of spring wheat however improved dur luring july and the crop is likely to make bushels from minnesota to the pacific coast there is scarcely a break in the favorable reports upon the outlook not only for wheat but for other crops following is an extract from a letter we have received from a bank president in the northwest and it is well supported by bv reports from other localities 1 I am happy to report that we have a most wonderful wheat crop covering the entire wheat district it is about the largest beld yield that I 1 have ever seen the pric prices es are very good some of it having been contracted for some time and some selling at this time we have beautiful weather for harvest and we are anticipating the heaviest liquidation we have ever had in a season and much of it will be liquidation of some dangerous and some unsatisfactory accounts it surely surprises me to look over the situation and can look to debts being liquidated which a year ago would have been classed as practically worthless I 1 am not necessarily referring to debts in the bank although it will affect them as well sheep men are prospering and at this time the cattle men seem to be getting good prices and prospering they have a wonderful lot of feed for winter as well as on the ranges railroad officials throughout the north northwest weA are sanguine of a great years business ahead of them conditions in the wheat terri territory tor y of the southwest are not so good but the corn crop there is better than last year and taking all farm farin products together the returns are likely to be as large as last year the acreage of texas in cotton is 11 per cent below that of last year but the crop is expected to bring more money and more profit as it has been made at a reduced cost the report upon corn is of about the same tenor as last month the stand is very uneven on account of the different dates of planting and much depends upon how late frost holds off but the crop in m the principal corn states will ill be short on the other hand the southern states in curtailing the acreage for cotton have planted more corn com than usual and have a better prospect than the middle west what they produce will be for home consumption but will reduce to that extent the usual demands on the surplus producing states the short crop is to be regretted for the effects it will have on the livestock industry which other otherwise vise is on a good basis corn is about 30 cents per bushel above the low price on last years crop hogs have recovered in the last month a part of the price loss occasioned casio ned by the rise of corn in june according to advices advises of the department of agriculture no great increase in this count rys supply is at present in prospect but european europe in supplies are lager la ger and a pronounced increase of liot hof production is tak taking ng place in argentina gc ntina the markets for cattle and sheep are in good condition and the wool markets all over the world are strong australian wool production having beer been curtailed by a drought which is now in its second year the season sed son has been favorable for pasturage and hay and the dairy in industry is doing well with butter prices about the same as last year the amount in storage is slightly larger than at this time last year the net result of recent developments affecting cotton has been to raise the price to a new record on the crop the october delivery going over 19 cents per er pound which is well above the ruling quotation at this time last year the comeback come back from the low prices of last december is the j more remarkable because nothing like a crop failure is in sight now the governments report upon acreage shows a reduction redaction from last year of per cent but this years acreage has been equalled equal led but twice and seldom have growing conditions to august 1 been more favorable than now in the latter part of july however complaints against the weather have multiplied and the boll weevil has become more threatening with an effect upon prices as stated |