The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1920-10-04

are well supplied with funds from
the sale OF this years crop. but they
are wise IN that they know that more
favorable marketing conditions can
be created.
The recent drop In grain prices Is
reported to have had no effect except
Ia THE Rocky mountain states. Farm
erS of Illinois. Indiana. Michigan.
Wisconsin ami mher central states are
Withholding grain.
"In fhe financial field money IS
tight. That may mean severa. things !:
First. that tho people want money
badly 10 put into producing activities /:
second that the banks attempt 10 get
whatever the traffic will bear shear
Ing close to the skin third. that there
Is an inadequate supply OF money. or
fourth that those who have money
lack confidence. There are other rea-
sons no doubt. and among them that
the dollar now buys less than hereto
fore. people with money wish TO
charge more for the service than
money gives. No one can accurately
say which Of these causes Is the most
important factor. but probably all con-
tribute 70 the present situation
"The telegraphic reports from every
section OF the country state that the
banks are we'll loanei up. alihuneh
money Is available n the East and
central districts AZ from Q 10 )
per cent interest The Southwest.
Rocky mountain and Pacific states re-
port the highest interest rates. aver
aging from s TO 10 per cent, aud
IN the mountain district as high as
II per cent.
There Is great encouragement. how
ever. to be drawn from the fact that
IN only one OF the nine geographical
divisions. the Rocky Mountain. lns
there been a decrease IN bank depas-
IT'S during the last six months. While
the general increase includes corpora
tlon deposits individual savings ac-
counts show a more marked Improve
menf everywhere. This seems 10 show
clearly that the orgy Of spending and
extravaganza IS over
"Dscounting OF bills by Industrial
concerns is universally reported. Ex-
cept III The middle Atlantic. southwest
ern and Pacific coast states. manufae-
turers appear 10 be carrying large
amounts OF customers paper.
"The country does not Ike the pres
art taxation system. The excess prof
Its tax is In bad favor everywhere.
Opinion Is divided, however. as TO a
substitute. In the East and central
West sentiment runs strongly for q
sales tax, b.. elsewhere opinion as 20
substitute IS divided
I'VE are not yet masters OF .se art
of distribution Of product The fact
that the farmers uniformly report e
desire for some cooperative method
by which their products can be brought
to consumers means that this problem
Is OF the greatest Importance. But It
Is not for the farmers benefit primari-
ly TINT such movement must quickly
culmlnate in action. Na t
The consumer feels that somewhere
between the farmer and himself TOO
much Is taken for service Of compar j
ative lnsigniticance in contrast with /
that which the producer himself rem
dcrs.
The farmers apparently are not /
alone In desiring cooperative action. /
The survey shows opposition to coop /
erative movements only In the New
England and Pacific coast districts
Sentiment is divided in Ohio. Illinois I
and the other north central and west !
ern states. but favorable ln the middle
Atlantic. the south central and the
southern states
Politically the replies Indicate that
il is too early 10 tell what the outcome
of the November election viii be.
Three months ago there was 4 strong
pr Republican sentiment than there ap- |
pears TO he now Tile trend has been,
and is. Republican. What It will be in
November these gentlemen do not
prophesy.
The large outstanding fact devel-
,ped hy the Fidelity and Deposit COM
Dany seems to be that the greatest is
sue in the public mind is being over
ooked by the campaigners. the high
,oSt Of living. | think this conclusion
Nill be justified. but the blame should
DOT be cast upon the producer. and GER
aiDly the farmer has not received his
ihare OF the wealth which he creates.
The cost OF living and foreign rela-
ions seem TO be the main issues. Tax
alton and industrial relations also oc-
.upy a space in the general political
h0ught. Least interest appears to be
shown In the railroad policy OF the
present administration. radical move
nents and prohibition.
1T is clear that the country IS on a
sound economic basis and there is gen
rally spirit of confidence In the fu-
ure, regardless of the outcome Of the
election.
The business outlook appears to be
rood in every section Wholesalers
md retailers view the fall and winter
The retailer Is finding
hat the consumer is looking forward
fear to the winter and his pur
hases from the wholesaler are found
d upon this optimism. From the sim
lie toiler through to the tradesmen, &c
be industry and the financier there
uns the connected feeling OF con6
ence-"