27
THE CHICAGO BANKER
September 4, 1909]
Costs nothing to see it
Popular on the links
The Rustless Steel Golf Club
evS“־ta^W׳”l5r /	Co״ be purchased from
hispe(S0׳nSUarfd^ if°	Jf Chicago Golf Shop, 225 Dearborn St., Chicago, 111.
weight, balance	w Golcher Bros., 510 Market St... .San Francisco, Cal.
and angle are not	fjf W. S. Brown.......523 Wood St., Pittsburg, Pa.
entiiely satis-	//	W. Basche & Son........Green Bay, Wisconsin
If Kelly Hardware Co., 120 W. Superior St., Duluth, Minn.
pense and	// H. E. Husted..............1 18 E. Main St., Galesburg, 111.
we will	// Arthur L. Johnson......180 Devonshire St., Boston, Mass.
m a ^ e ,a	// Grand Leader.......................St. Louis, Missouri
shYp11-	Jf Robert Forgan & Son.................St. Andrews, ,Scotland.
ment.	If Von Lengerke & Detmold.....200 Fifth Ave., New York, N. Y.
a These Clubs defy age and atmosphere, and give 25% greater // distance to the ball. If you don’t believe it, send for our hand-Jr some catalog and book of testimonials and learn why.
THE RUSTLESS GOLF CLUB CO.
'1®Sr	1055 Old Colony Building, Chicago
H. T. HOLTZ & CO.
Municipal 1 •	J Railroad
School JjOIKIB Corporation
Furnishing Safe Investments for
NATIONAL BANKS	STATE. BANKS	TRUST COMPANIES
SAVINGS BANKS	ESTATES	INSTITUTIONS
We invite correspondence and inquiries relative to the Bonds owned and offered by us and shall be pleased to send our Descriptive Circulars on request, together with our latest publication entitled “FOR THE INFORMATION OF CONSERVATIVE INVESTORS.”
171 LA SALLE ST.	Tel. Randolph 1170	CHICAGO
HakrHtbr рггйн
R. R. DONNELLEY & SONS CO.
PRINTERS, ENGRAVERS, BINDERS
Telephones Harrison-350 -
Corner Plymouth Place and Polk Street CHICAGO, ILL.
Bankers Predict Large Crop
Sixty-five million bushels of wheat, 35,000,000 bushels of oats and 15,000,000 bushels of barley is the crop predicted for Washington, Idaho and Oregon by bankers and millers who have made a close study of the situation. This is more than double the estimate given out by the Farmers’ Educational and Co-operative Union at its meeting in Spokane two weeks ago. The wheat acreage in Washington is 2,122,000 this year, as against 1,728,748 in 1908, when 23,500,000 bushels were harvested. The crop of 1907 was
38.000.	000 bushels. The yield this year is placed at from 39,000,000 to 40,000,000 bushels. Oregon has 862,000 acres in wheat this year, as against 818,585 acres in 1908, and it is expected the crop will be 16,500,000 bushels. Gilliam county alone producing 3,500,000 bushels. If conditions had been favorable throughout the state the yield would be 21,000,000 bushels. Idaho should cut between 9,500,000 and 10,000,000 bushels on its acreage of 474,000 this year, as against 414,412 in 1908, when more than 9,000,000 bushels were harvested. The oats crop will be the largest in the history of the three states and will run fully
35.000.	000 bushels. The farmers are holding
out for $25 a ton at home, which means from $28.90 to $29.50 on the coast. The barley crop is estimated at 15,000,000 bushels, with plenty of coarse grains for feeding later in the season. There are 300 millers in the three states and their chief outlets for surplus flour are California and the Orient, but China and Japan will not buy flour at present prices, $4 a barrel, with freight charges added. Millers say that wheat prices are too high, but they believe this will adjust itself later in the season, the explanation being that the farmers in the Canadian Northwest are cutting a bumper crop and that Russian and Danubian countries are ready to ship to Europe.	^׳»
Citizens State Bank
A new bank will soon be established at Clyde Park, Mont. It is to be called the Citizens State Bank, and has an authorized and fully subscribed capital of $25,000. It will open for business on October 1st. T. E. Collins will be the cashier of the new institution. Among the incorporators are: A. W. Miles, of Livingston ; S. McKennan, of Helena; Alex Livingston, of Livingston, and E. G. Blair, of Myers-burg. Mr. Collins is the former deputy state examiner and a well-known resident of Helena for the last five or six years.
Pacific Northwest Banking News
(Continued from page 20) of Kellogg, are among the prospective stockholders.
Bank Clearings
Spokane bank clearings are again well up to the record. The clearings for the week ended August 26th, amounted to $4,453,943, according to the present method of figuring the clearings. Under the former system the amount would be $8,907,886, which is $3,879,308 greater than for the corresponding week in 1908, showing a gain of 77 per cent.
Intermountain Casualty Company
Intermountain Casualty Company has been organized by Indianapolis and Spokane men with a capital of $300,000. Charles P. Ritter, vice-president and general counsel of the Security Casualty Company of Indianapolis, will be president. The purposes of the company are to write all kinds of casualty insurance, including accident, health, boilers, automobiles, plate glass and elevators. Mr. Ritter authorized this statement:
“Enough stock has been subscribed to insure the success of the company. Responsible men in Spokane will be on the board of directors. We were prompted to organize this company by the report of the secretary of state, which shows that $11,000,000 was sent out of the state to foreign companies for insurance during 1908. This money comes back to the state in the form of loans at a high rate of interest.’'
V*
Conditions in St. Louis
St. Louis.—Banks and trust companies report a good volume of business. Clearings are holding up in good shape, reflecting betterment in general business. Borrowers are not particularly numerous, but the market is holding its own well and interest rates are firm in anticipation of the demand which will doubtless develop by the end of the month. There has been no marked increase in the volume of money forwarded from this city to meet requirements for crop moving purposes throughout the broad territory for which it is the reserve center, including Oklahoma, Arkansas and Texas. Local country banks as a rule have been pretty well supplied with funds, hence the light call to this time. However, the demand is merely belated and St. Louis bankers will take excellent care of it when conditions with their country correspondents require. Rates range between 4J4 and 5y2 per cent.
that it will open its doors October 1st. The capital stock is $25,000. Articles of incorporation were filed some time ago.
D. J. Dunning has retired from the Fanners and Merchants at Scranton. He has gone into the dry goods and grocery business with John R. Dyson.
The Truesdale Savings at Truesdale has filed articles and will start business when its charter has been issued by the state banking department. The capital stock is $15,000. The incorporators are P. C. Toy, W. H. Harris, M. T. Fletcher, Mrs. W. H. Harris, Henry J. Crouse.
Mrs. O. J. Whitson died last week at State Center. She was the widow of an old and prominent banker at State Center whose death occurred three years ago.
Inmates of the Citizens of Anita were somewhat startled when they saw Dr. C. I. Wain-right’s big auto car turn suddenly and start headfirst for the bank. Something had gone wrong and it looked as if the machine might come straight through the window, but, according to reports, the machine was stopped before there were serious results.
Al. C. Miller of the Home Savings, Des Moines, has been named as a delegate to the Upper Mississippi River Association convention at Winona, Minn., October 6th and 7th. There he will have opportunity to boost for improved waterways, his hobby, to his heart’s content.
Mr. and Mrs. C. E. Lofland of Oskaloosa passed through Des Moines last week en route to their home. Mr. Lofland is president of the Oskaloosa National. The Lofland auto broke down at Rising Sun, near Des Moines, and Mrs. Lofland went home on the train.
Charles Young, a banker from Winfield, made a tour of Iowa in his automobile as a vacation. His wife and two daughters accompanied him and the party stopped in Des Moines, Colfax, Kellogg, Waterloo and other Iowa points.
r*»
New Building Completed by Jan. 1st
The building to be erected by the Alameda (Colo.) National on Park Street, adjoining the present site, should be completed by the first of January. This statement was made by Director Charles S. Neal, when he said that the building committee was devising plans for the contemplated building, with a view to placing a rough design with Architects Myers & Ware.