The Bridgeport times and evening farmer., 1920-07-20

The underlying fact is that there is no undue accumulation of goods, and that consequently production must be continued in order to supply the actual necessities of the community. Bankers who have been predicting serious commercial difficulty have about given up that idea A read justment of business may be expected here as in other countries, but at
 present nothing more than that ap- i pears to be in sight Nevertheless, reviews of the iron and steel trade, which may be taken as indicative of the situation, emphasize the diff | cult conditions under which most I companies are operating.
 In the Pittsburgh district, which is l the heart of the industry, a number | of plants have been obliged to tenn | porarily suspend operations due to a
 shortage of fuel. While the situa- l ton is not serious, there may be a | tendency to exaggerate.
 Agricultural Outlook Good.
 There has been a distinct improve
 ment in the agricultural outlook dur | ing the past week, and early harvest | ing in some parts of the country has l already shown good results Accord | ing to best estimates the yield o1 | wheat for this crop year may be ex- pected as over s0O,o00,0oO bushels. l Cotton has also shown a decidedly
 improving tendency, and the indica
 tions now are favorable to mucI
 better output than has been forecast
 In the small grains and other prod
 ucts the conditions in the Northwes
 and Middle West are now believed
 to be in the main exceptionally favor
 able. What emphasizes this situation
 more than would otherwise be true i
 the fact that conditions now point t, the probability of very considerab1
 European demand which may resul in the necessity of larger expor shipments than had been believed likely.
 Such shipments are sure to be i'm 1 portant factors in price maintenance and the outlook points strongly t l continued prosperity for the farmin: population
 Car congestion continues to be tn principal menace to industry, and 1 reported as especially bad in some o . the wheat raising districts of tn Northwest, according to reliable re ports, there seems to be danger tha . very considerable quantities of graf | will have to be carried for man months to come on account of ship l ping conditions. With stron : level of prices, however, it should b y | possible to obtain the credit neces
 sary to take care of such supplies 8 long as is desirable at a reasonabl 3 expense for interest and othe charges. After fully allowing for a a drawbacks the farmer seems likely retain a very favorable position fc n this year with the corresponding re l suits that are to be expected in cor n nection with railway and other share directly affected by farm conditions Il Operations in wheat futures were re Q stunned on July 15 by the Chicag = Board of Trade, after suspensio
 which has lasted over a period ( = three years. The price of the De
 cennber option was $2.72.
 k Financial and Investment Condition D The money situation of the wee
 has been an aggravated one, wit :, | rates of renewals and fresh 1oar | ruling at high figures. Bankers, how I ever. who have been following tn
 1 out-of-town demands for money wit
 vary nlnaA attAptinn- now ntatA it 2