Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1920-12-08

idlScTS nave lldt ~ SCH lU"lI pc
duction and many others. who h
markets will have 10 follow sui,
at the banks.
Wheat Reacts.
But" he pointed out. wheat has
reacted from It's extreme low and has
risen some thirty cents per bushei
Cotton. In my opinion. IN due to rise
II must rise. or there In no logical ret
ron for It's present low price. S0m'
~ our Industries and some NJ our far
mcrs are going Ia have an uncom
Portable time Of II In 1921" he con
cluded.. but the United States In 40
Ing Ca pass through the reconsiruc
ton period In far better shape thar
the rest Of the world. and the Pan
handle In going Ia get through In bet
ter shape than almost any other see
ton ~ the United States"
Another banker pointed out the
hard times that have struck the far
mcrs 81 North Dakota: 90 the fact that
nineteen hanks have failed there In
the last thirty-day period. There Il
no danger ~ such thing occurring
In the Panhandle. In North Dakota
the hanks suspended. not rom the lack
Of assets, but because OF the fact tina,
their assets are In frozen condition
instead OF being liquid.
Protective Tariff.
1T In almost high treason In this
state for one to talk protective tarlff
hut firmly believe that II must com,
II the country is' TO enjoy the tru'
prosperity that II In entitled TO. an
Democrat and have been all M,
life. hut l do not belong 10 the hid,
byund class--f believe u 'pumihic q
believe In progressive measures. In
tariff that viii protect our farmers
our cattlcmen and our cotton grow
ers: | believe Il In possible 10 advo
cate these things and stu h. goo,
Democrat.
II wish 20 call the attention @
your readers, and particularly " tn
commercial travellers for whose benc
III you are preparing this article, Z,
the circular letter sent out Dccembe
9TH by Thomas l.. Blanton. congress
man from the Seventeenth district, :,
other members Of congress- which al
vocates n protective tariff ON raw mn
tcrials To the end that American Tar
mcrs and cattle growers may b. pro
iected. In this letter Blanton truly
states that Time has proved that
free raw material In not funda
mental OF true democracy The far
mcrs and stock ryiisers are now stand
INK with their hacks To the wall. fac
INK a most serious condition. II thcy
are not soon given the protection they
are entitled to many of them are 20.
Ing TO b. forced under. 60 the serious
Injury Of the country as a whole"
Many Cross.C Currents.
Another banker. when asked for his
opinions on financial and trade condi.
tons. declined Co be quoted directly.
hut stated that various reports which
had come 90 his hank revealed many
cross.currcnts. some Of them In the al.
rection of Improvement. while others
show rccesslona which indicate that
the process Of sterilization In still In
progress. Retail trade reports he
said. are n shade better on the whole.
particularly from the West and Pa.
cific coast regions. Both the approach
of the holiday season and the very
general price cutting are held rcspon.
sible for the increase In buying. The
public has stubbornly RETAINED from
buying In customary quantities until
the last few weeks. during which the
creased and trade conditions are very
slowly but surely assuming pre.war
normaliiy. both in volume and In
price"
Grain Man Talks.
prominent grain man stated. In
regard 10 the grain market. that the
tone of the grain market had dis.
tinctly improved In the last ten days
Wheat has risen from Size az Cal.
weston 10 S2.0llI. which was the
closing quotation on Monday. II IL
true that Il dropped Zen cents on Mon.
day. but that II largely due 90 the
reluctance Of export dealers 20 follow
~ NAAhhH h'ffffH ~
the wheat market" ~ continued. put
special emphasis today tTucsdayl on
the fact that Mondays advance of
eight cents had brought European d..
mand. which has been heavy. 70 A
standstill. Foreign governments as a
rule refrain fran buying on a huliish
market but resume when Il has re'
ceded. II will ~ the logical thing ~
expect them to enter the market again
Tomorrow and force the price up some.
what. There are bound 20 bc wide
fluctuations In tho market until the
pricc has become stabilized. What
viii the price h. when Il has become
definitely stabilized? Frankly. do not
know. n did know | could make
millions. I night offor my guess. but
u would be no moro than guess.
iiut you can say for nv and you can't
put u too strongly. that wheat cannot
permanently remain under the price OF
production. Either the cost of pro-
duction must r. lowered or the price
of wheat must rise: the same thing
goes for cotton and other products"