The Fallon standard. (Fallon, Nev.) 1920-1958, 1920-12-02
Country Now
"Readjustine'' =
Former State Senator w. A. Ketidie
Returned From Stay OF Month
In the East

Former State Senator w. A
Keddie, one of the states larges
stock owners, returned home Tues
day evening from stay of a month
in the large cities of the east. He
was accompanied On the trip by
Mrs. Keddie and the two spent theiI
time taking note of the changed
eastern business conditions which
dictate the manner of doing business
in the entire United States. Mr.
Keddie had the following to say
yesterday of his observations:
'I was made to know that bust
ness readjustment is on immediate
ly upon our arrival in New York
City. There practically every retail
establishment with the exception of
those catering to the exclusive trade
with stocks beyond the reach of the
average person was offering mer-
chandise at from one-fourth to one
half off in prices as compared to the
prevailing war time selling sched-
ules. Inquiring I found that the de-
mands of financial institutions for
loan repayment is the active leaven
that Is forcing new selling policy
throughout the east
II did not note any great degree
of unemployment in the large cities
but in the smaller centers where the
textiles and shoes, metal products
apd ofbar naoaecar;ao Of Iifa ra pro
duced men are being dismissed by
the thousands every day. I would
not say that this vast army of un-
employed is being created to force
labor to submit to the dictates of the
employer, but on the other hand, as
analyze the matter it is the direct
result of the failure of middlemen
over the country to maintain the
usual volume of buying. In fact
buying has practically stopped in
every part of the United States and
would say most emphatically that
the period of industrial readjust-
ment is actively on throughout the
nation.
mot only does this conditi II ap-
ply to every form of industrial pro-
duction. but the stock industry is al
so hard hit In looking about for
the condition of the wool market,
for instance, | never fund even the
market. Markets are non-existent at
this time and buyers have complete
ly ceased activities. Wool cannot
be sold at this time except at give
away prices, yet signs are not lack
ing that fair selling figure will be
established In advance of the pro.
duction of next year.
Wherever l have visited farming
districts throughout the middle west
to those existing here. Hay is go
ing down in selling price; so are all
forms of cereals and potatoes. The
immediate future of farming as an
industry cannot be said to be ro-
seate. In casting about for the un-
derlying causes | find that the stock
industry, admittedly, the factor that
governs the hay selling situation
everywhere, can no longer pay high
prices for forage and survive. Re-
adjustment having been forced up
on the stockmen by the packers by
the reduction of wholesale meat
prices the stockmen must do one OF
two things, namely, go out of busi-
ness or buy hay for figure that
renders a margin of profit.
And SO it goes throughout the
entire list of American production.
Everything points to readjustment
and new level of prices and it Ia
folly on the part of the individual
to fail to adapt himself to the inevi-
table change. This change Is need
ed to bring about business stability
and business stability means busi-
ness health and prosperity. II
seems to my mind that the present
situation throughout the entire
country may be summed up in the
words, the patient will survive but
he requires at this juncture absolute
quiet and splendid nursing l be.
lieve that the Harding administra.
tion will be equal to the multitude
| of demands that will be put for