The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1908-03-16
FARMERS IN GOOD
FINANCIAL CONDITION
Which Has Always Been
the Foundation of Ma
tional Prosperity

Special 10 Daily Leader
New York. March i6 The better
undertono noted in these adyices for
the past two weeks Is now bearing
frnit IA higher prices Very fair ad
yanccs have already taken place In
many Of the best stocks and there are
Indications that the Improvement will
make still further progress, nnIcss
checked by unforeseen circumstances,
There IS also a better tone IN hnsiRes5
cigcles generally pessimiaIn is mod.
Grating because depression appears To-
have reached It's limit; and purchasers
are taking hold more freely ~ the low
or price level which has frequently
been established with much less dis.
turbance than expected two or tlsree
months ago u is very generally reees-
ni9ed that while Injuries may ~ us
Iegsed with people must DE faf and
clothed about as before u IS also
recognized that few Il any Of our mar
kels are cumbered with q surplus Of
goods, and that the general cnrtail
ment Of production In manufacturing
circles has served 90 prevent the nc-
cnmulation OF surplus stocks and thus
aycrted Generalization IN MANY Of the
merchandise markets. Moreover
spring is approaching and With il the
more cheerful and freer spirit which
seems 70 prevail when the sap begins
tD-rlse
This once more brings 20 attention
the agricultural situation which has ali
why's been the foundation Of onr ma.
ferial prosperity. u Is Of course, wen
known that oHr farmers arc in good
financial condition as result OF a
series OF profitable years, and that
there is much less depression Ia the
West than here. Prices Of nearly All
Iarm products are still high in spite
Of the panic owing TO the fact there u
practically no surplus Our farmers
can earn generous profits at present
prices and The outlook Is for consld'
crabiy enlarged acreage for all of The
principal staples this spring Europe
s0enis unable to secure amy important
Increase Ia her own supplies, and this
insures good demand for whatever
surplus IS produced in the United
Ftatos One thing IS quite certain
that however the panic may effect pro.
ductiun IN industrial pursuits, L viii
have little effect upon the output OF
tha American farmer. Tie Is Ia part
UEI|IlAU MFNn MNNNAA tAttA NtfA
rather than decrease,
Another favorable element Is th'
cuntinued ease ia the money market
The latter has now fully emerged iron
the region OF doubt TO good borrow
ers money is likely 20 be plentiful al
comparatively easy rates for some
time 10 come. This Is having a stlmu
lating effect upon the seenrity markets
n not only serves TO support the better
class OF securities and turn investmen
seekers IN that direction; but 4 VII
also enable the railroads aud othe
large corporations IN need OF funds g
come into the market before long an'
secure the new capital required to com
plete the enterprises previously pro
jected. In other words, The financing
OF sound and legitimate enterprises WI
foOn become much easier, WIN ever
partial revival of railroad constrno
tlon work an important impetus viii By
given. 10 many Industries The stee
tradhndll 7of course. be- benehcialll Al