THE PEANUT IS THE FRUIT

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Pacific Press Publishing Company · Oakland, California · Dec 16, 1897

FromSigns of the Times, Vol. 23, No. 49.

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THE PEANUT IS THE FRUIT.

THE peanut, says the Farm News, is coming into greater prominence every year as a factor in the world's supply of things needful, and there is hardly any limit to the predictions of the uses to which it may be put. At the same time, the territory in which it may be grown is rapidly extending and it is not too much to hope that it soon may become a really important crop in this country. Peanut oil is now highly valued in Europe, and peanut flour, said to be extremely nutritious, is used extensively in Europe, especially in hospitals. An oil factory, with a capacity sufficient to use five tons of peanuts daily, has been established at Norfolk, Va. In a prospectus issued by the company it is calculated that the receipt from five tons of peanuts will amount to 235 gallons of refined oil, at $1.00 per gallon; 175 gallons of crude oil, at 50 cents; 3,680 pounds of flour and meal, at 2 cents, and 3,300 pounds of stock feed, at 60 cents per 100 pounds, making the total gross receipts $415.90 per day, which, it is estimated, would give a yearly profit on a five-ton factory of $19,725.