The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-11-04
COMMERCIAL AND
CROP CONDITIONS
GOOD IN ALL TEXAS

u1I- !
Dallas, Texas, Nov. 2.-The price
cutting movement which has swept
the entire country resulted in a slump
in wholesale business, particularly
dry goods and groceries, during Sep
tember in the eleventh federal re-
serve district, according to the month
ly report Of the federal reserve bank
of Dallas.
On the other hand retail trade was
benefited and re.ail collections were
reported improved, and a gratifying
increase was reported in the volume
OF bank clearinss, building permits
and postoffice receipts.
while the downward course of
the cotton market has had depress-
ing effect upon that industry and
has somewhat checked the free course
Of fall trade, It is worthy of note
that a goodly portion of the south
Texas crop was picked and sold he
fore the heavy decline in the market
velopment in the northern part Of
the belt is the fact that the 1920
crop Is grading much higher and
therefore promises much smaller pro-
portion Of unmarketable staple than
was the case last year." says the
report.
Prices on sugar beans, coffee and
few other staples continue to trend
downward, and dealers handling these
products at wholesale report that
buying is slow. Groceries and dry
goods bore the brunt of the price
cutting wave which set in about
the first of September and retailers
in general are restricting their orders
to present necessities due, ii is indi-
Gated, says the report to the unset
tied condition of the markets.
While wholesalers report that, as a
whole, collections are slower, it is
reported that collections Of retailers
were more satisfactory in September
than during the previous month.
A decrease both in the district $
oil production for the month and the
daily average yield is shown by the
record of September as compared with
that of August In Texas the sep
tember daily average was 29O,44S
barrels, compared with the August
average of ,729 barrels, while in
North Louisiana the daily flow de-
creased from 9S AGO barrels in Aug
ust to 92, 53S barrels in September.
The districts total production in Sep
tember was II ,4S9,5lO barrels or SOD
376 barrels less than the total for the
month before.
Both Texas and North Louisiana
drilling results for the month were
less fruitful than those of August
says the report. wildcat operations
produced little results of value dur
ing the month, as all activities in un-
proven territory have for some time
felt the restraining influence OF IL
nanoial conditions and the scarcity
of material the report continues.
Corn harvesting is progressing well
in Texas the yield being large aho
the quality good, most OF ii grazing
No. !, says the report regarding crops
other than cotton. In Arizona pros
meets have improved, though much
of late corn in the dry lands VIII not
mature before frost. Hail storms are
reported to have destroyed consld-
erable portion of the corn crop III
New Mexico during tfre early part
of September. In southern Oklahohli
the harvesting of early corn, favored
NV good weather, is making excellent
nrogress and the late crop is now
safe from the danger of early irosts
Threshing of wheat in the Pan-
handle has made slow progress uue
10 delays caused by August rams
Elsewhere In the district the move
ment Of the 1920 crop Is wei uhue'
way, and fall seeding Tor the mex
crop has begun, though late star
will be made in some sections ot tn'
district owing to the lack OF sulli'
cicnt moisture in the soil to produc'
proper termination.
harvesting of rice, hay, peanuts
sweet potatoes and feed crops l.
making good headway, with yleia'
reported to be satisfactory.
Since the last report was issued
the September report notes ther'
has been some deterioratlon III rams
conditions In certain sections oil th'
district. As a result of continued
dry weather in New Mexico rhe con-
dition of the ranges in that state II
estimated to have declined from "
per cent Of normal on Sept. TO ~
per cent on Oct. /, and observers
report that unless more general rams
are received In the state before tros'
further deterioration will ensue' ''ou'
Arizona correspondents report that 'h'
ranges in that state have party re-
covered from the August drought as
a result OF September rainfall, which
however, was comparatively hgh'
Locally. there is also need OF rain IL
the pastures Of west and south Tex
as" says the report. with the eN'
ceptlons noted. conditions throughout