The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1920-11-02
HOPEFUL TURN
1EElI N TRAnE
Az ORDERLY TRANSITION GO
ISss ON N BUSINESS

WastunErou Nov z-Recoperv
. from war and postwar condition. IL
ureeeedlEe apaee IL EHa limited
States and tne nzruTe forces N
feviaenee which maze fDr s1abiItza-
kion carry assurance fcr tha furnFe .
Ehe Heaera reserve board declared 20
nav III its nrontEfv Fpvfew cf business
fconditions
Although the FeadIusrmRrr @ process
mas sesn marked pv uncerIz1rTv and
some suspension OF activity rRe
board described the economic and ba-
slness s1SuatIon a. whole g. oae
SHOWING much fnaerert strength d
and an abiErrv Ia attain a position of
fFeIatIFe sIabiir7y tnroug an orderiv
Transition c argued rnat the neeae-
sary change N the direction OF nos-
rma condition would ee accomplish
e. wftb0u gFear disturbance unless
unT0Eeseen faruDF entered INTO the
process
Price revision s IN textile tinez and
tim other branches wearlnz apparel
as wel a. IN numerous STAPLE cor
modItles said the beard s.nave
Reeu the ouEsrandIng elements 1T fhe
situation JHsb as durlng tBs preeeding q
{ month
f GauEfDn III nuvIng dHe 10 h@-
/ iIet tina price FeadIEsrment as nor vet
over nas aeHn ncsewur1nv feature
and II some Quarters mas tended 60
l SLOW aswH the activity ct Fe1aI rrasie
although more appaFen IN ia a wae4-a-
sale fIne Gr0p yaefas naxe OF 1ne
wno4e justified the expectation eE-
+ pEeEseo d { the opening cf tee mun1h
I Banking reserves nave neI+ Tnsfr u-wn
/ arr1ng Ehe month and there mas henn
} a s4ea0y Improvement m the ffauia-
/ 1ty of nzRer
White tAe FeEai rraGe rBpuTEed
famoaeraHe increase II sats as co ~
paFed with las tai 1he Hsua fIl
/ activity and uuvlng was safd 70 ae
/ not III evidence TIE board arrrib
led some nf this condition 60 unFeH<-
nRahie wea1her
Reports from Al sections lndEca sa
I awai fUrtHer development nefrFe
/ FeHswIng has stocks aeavify The oz-s-
sEanGIng 0raers Were reported e. se
small and the genera & purcnaE1nE re-
| tivr1v c. the IA merchau was a-
srrlRe1 as very cORserxnUTge
The mannIacEuFer has fell tAe
w1thnalding oil araeFs by tha Fetafi-
eq-- .n1 ..~r.~-s+t-rsr- re- rnxr-v-Te Fag
! not heeu abe To Operate On full tifae
in many hines of trade eecause o
iack Of oraeTs Cotton mills were
mentioned seecffteaffv as navInE bcrn
hzrd hit uy the SiacEEnIng OF retail
oFaers whfie new BUSINESS II s#e
Trun and steel inausrrv mas arxaa nv
decreased
IN the snse and teatasr IndHsrry
the Do1rd fuund condition similar
t 10 tnaee IN the cotton trade ana othnr
textiles Tne iea1her Interests SIRE
faclng Imm1Hen shutdown IL mzHY
places seczHsa OF tRe heavy aecf-ne
IN nEvlnz tha reports showed
Condition II western reserve ds-
trfcts Is summarized Ey tRe rep
sentative agents follow
Chicago said tne business sitsH
rents of uu1nloD with ouyIng some
VIVA restricted and price EeadIU E
Eaents pFesentln sume prob4ems
s. Lauis flnas funaaHental con@
tSI0Hs satlSlscKCry Dc Il a. Tires
there Is hasITancv IN purcnasIag
goods tor futuFe requirements EH-
certainty aas 20 fuEuFe pEaees sis taa
chief onsEaeaelR rass way ee r@eoEsF
Minneapolis reports crops large
with grain n0vIn steadily 90 uzTkef
and rafsroad effieEeEry ImproFed
However there nave neeu aectlnss Ia
copper and frun pFoGuctlnu, IN nEita-
In permits and III t1rmneT 0urpUt
crop moEeEner needs have required
large nut Issues
kansas ETry reports tnat price Ea-
eeEsIon and FeadIusEnaenrs naxe
been steadv uu wI1nout serious dfs-
lzrraugemen1s while retail rTaae and
lc0nsunpElon are proeeedlug uutetfT
and iaurr ouEIook is favorable
naIlag reports abundant cnn1iaenee
IL unaerfY1ng condiElnHs and Ii fne
EuEuFe o. rxaae. TT2nspCrI1EIon q
eeftera ansf the Eancr 1utloek ruprDv
ed
aan Francisco gain nusZHees coH-
dif1oEs lnatcaseaa q period OF trans
tim Retail fTaae rs sEabie zana
good crops nave been grown mt -
the wool and e0tEnn Esginns rizeTe y
dissatisfaction with prfess waiAa ann
ner IT'S III teEs demand fnan ReEer
f0Te kara1n markets navs eeen sine
gish AMI aecf1nzng
( Mx@&-