El Nuevo mexicano., 1920-05-27
PE0HLRODHKN aGNFb FROM XTRANAM SPREE;
Federal RESERVE DSTRG REPORT B1NTTSTNG
(MoNThLY BULLETIN, KANSAS
CITY FEDERAL RESERVE BANK

Isl EHn b. ~
5ANh]
Swas ths Hrsk 1AAonth " snQ'
anysnins iake reai recession from tn
W. sioe ~ acs5ylty hnat mas feature
p peslnsss a sne tsnsn gs1s5al heserx
~ p'aNq W. louIAn6 .Nas. vFe
~ W. psopae eesan ~ appsy tneM
ee1xgs Y lashs lneaaent 2 after-we
eu5ussAlsn thele nave eeen Time
XII a. sny y 1sa1 anu q naiL When
" n BUSINESS ~ som
1anss tesuatsos ineustriai sropples
sasl =, sns stssi ssrlke ana tne Goa
1880 ~ tnesS "eI senefaity re
saau 1890 a. easy " Ds7pIluseu ver ans
msse.y ssMip qeIefrents 70 ffealel
Eng mone iastlng PROGRESS 20 toHoW
e~mnIoraas ns,As1o.sS = N.zsi ! g
~ res3sfs1t ~ naar,n~ u Ip.si .aaa II
rTinniea sw5tsr, ~ ers1 sNta y
Nah IN Z tims ~ frsa moyernsSs u
frai6hf ana NJ hring 6arfsSl Ssssis.ss
II fhfis,nass
psn%~ss ~ ,h,ss ssss,A ~ 4nS ~ sI.A,.;
Rulist,m Sn bnslres@ noNa,ssoas 5000
some 3des ~ fha e4fanf ~ tbs az.
tailed movement If prsin ana live
stock ana products III minek ana Nj
fields 10 market canfars ~ wail Ia
difficulties In the handlina a. the n,t.
nut of mills and factories ana d;atri.
button OF merchandise pnf fha renAF
fail Ia adeauatelv discioaa ma e;nans
cial hardshins unused ~ hvod,,ceTai
and SINNERS Nv enfnrcihr wffhhnIdins
81 products from the market a ! time
Of high money rates and credits
Stretched " the limit NTcT NJ ,SSS
reflect the enormous losses Ia en-.
ployees and EMPLOYERS On account 81
business interrn5tion. IL sav nothing
Of the added cost az living IA tha nil.
lie by Increased prices ~ fnod ana
Commodities due IA The SHORTAGE ~
sunDlIes.
NM a4.
1 ,.,.n .ss su & III HSs anprose1 iaee "
htpa M Z sis lutepal u May ~
ha5ansI taso y a.;at n.os nuoy 81 ~
var 49, ss.,, liz. ~.;,S saoSsn = ma ~
1870 M $1,000. 1890 " 1OMsysetOn "
T. go S@s AsNes TX. nsa rs y 80 Wy ~
5elarsS srn;rhts oH.pa.Hss =
b4Iasluehrom Lne sWltcnmen's strike
aha atAs resulEanp temporary tle-up Of
lraLIcs an impression prevails among
producers tnrougnout tnis district
no great ana permanent Improve
lhent III tfelghp movement can come
MI me Ialiroaus make large invest
Ingnts ~ new h.elkht cars, morye
anu Iall Detterments, IN order
handle the enormously increased
solume ol trafrc ana mus eliminate
70 tfaue, industry and nj
lance
a esu Of the disturbances TO bust
less actixlty an April WAS the rude
iwaKenlng OF 2 large proportion Of {
)ur people TO 2 realization Of the no
'essity OF abandoning speculation, J
Eliminating a~xtrayagances and waste 7
nc saving ? econumtxing ~ order 9
nat money and credits be employed
or the larger production Of foods and 7
ommoaities % heip meet consumptive
emanus = peat down the abnormal r
y / prices. 2
Many OF the mercnants' reports COW
ring April business tell Of a slowing 9
Y q buying by consumers and OF 4
deliberate refusals TO buy as q q
rotest against high prices. That this
tutuue OF the consumers Is beginning
-Nt~ NeNAAtAJ p
lne reports telling Of reductions o. 4
rlces on many OF the commodities p
ldicating that the price readjustment Il
y which everybody has been waiting y
q least making some headway. II
On the whole, the general situation Il
regarded In this district as n OF y
Encouragement. although It Is conced I
4 that more or less unsettled condi- 4
are TO prevail during the slow Il
recess OF read1uBtment The cool, q
ackUard spring season has had u
omeWhat OF q depressing effect on I
,nditlons, but with the weather warm n
q up. = decided Improvement Is noted q
~ BY day with Indications pointing w
} q continued heavy business through i
year.. Il
FINANCIAL a
Since the adoption OF the progress 4
We discount rates By the Federal Re 81
srve ank OF Kansas City there have 81
cen many evidences Of curtailraent
0~fninefrial Institutions OF this diaf
I credit by the larger financial and d
let The expansion 81 credit con Il
nuedfor about two weeks after tha h.
Of the progressive fatD. o~% ii
* 10 seasonal demands and commit. u
0ents already made. Since the 9Th 4
Nay. however. there has been no v
U.4f