Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1920-11-03
WHOLESALE PRICES FORDRY GOODS
AND GROCER|EsARE BEING REDUCED
b. Associated I'rem


~ Associated Pfsss.
DALLAS. Texas Nov. 1.-The price
cutting movement which has swept the
entiro country resulted In q slump IN
wholesale business. particularly dry
gonds and groceries. during September
IN tho Gle, federal reserve district
according 10 the monthly report a. the
federal reserve hank Of Dallas. made
On the other hand retail trade was
benefited and retail collections We're re-
ported improved. and u gratifying M
ftTasc was reported IN the volume of
lank clcnrings. building permits and
po@iOfiic" receipts
Cotton Market Oppressive.
While III" downward course Of the
cotton market has had n depressing If.
fect up'n that industry and has some
Nhat checked the free course Of fall
trade. u IL worthy VI note that n good
~ portion of the South Texas crop was
picked and sold before the heavy de
cline IN the market crcufTed. while an
encouraging development In the north
"rn part 81 the belt In the fact that
the 1920 crop n grading much higher
and therefore promises much smaller
proportion a unniarkctiblc staple than
was the cas-" last year" says the report.
Prices m suEnr, beans, coffee and u
few other staples continue 10 trend
downward and dealers handling these
products NJ wholesale report that buy.
ing In SLOW. Groceries and dry goods
hore the brunt Of the price cutting wave
which sct In about the first u Sep
TENDER and retailers In general are re-
stricting their ORDERS 10 present nccew
stiles due. u IL Indicated Siys the re-.
port To- the unsettled condition uf IN"
markets.
Retail Collections GOod.
While Wholesalers report that as a
whole collections are slower. II ir rc.
ported that collections Of retailers were
more satisfactory IN September than
during the prcyiols month.
\ iecrcas" both In the districts al
production for the month and the daily
average yield IN shown by the record
~ September a. compared with tina, of
august. N Texas the september daily
average was s90.A4S barrels. compared
with the August average ~ ?s9.7?9 bar
els. while IN North Louisiana the daily
flow decreased from rs 100 barrels IN
August In 9?.J3S barrels In September
Tho districts total production IN Sep.
iombcr was il.Asa.5i0 barrels ~ S3i
31G barrels less than the total Tor the
month before.
10th TEXAS and North Louisiana
drlllinr results for the month were less
fruitful than those of August says IN"
report. Wildcat operations produced IL.
Ito results 81 valu. during the month,
~ all activities In unproNcn territory
have for some time tclt the restraining
influence u financial conditions and the
scarcity ~ material. the report con
ilnues
torn Harvesting food.
Corn harvesting " progressing well IN
TcNas. the Yield being large aud the
Quality good. most Of u grading No
I. says the report regarding crops 9TH
Or than cotton. IN Arizona prospects
havo improved. though much of late
corn In the dry lands viii not mature
before frost. ll1ilsiornS are reported tol
nav" destroyed q considerable portion
" The corn crop In New Mexico during
the earlv part ~ September In south
ern oklahoma tho harvesting 81 early
tvrrn. favored hy good weather NJ max
ing cxceiien, progress and tho late
IRON " nov S,fc from the d1ngcr Of
,ariy fros.s.
rhreshlng Of wheat in the Panhandle
has made slow progress. du" 10 delays
,arsei by August rains Elsewhere In
Inc district tho movement ~ the 1890
crop IL well under way are tall seeding
Zoe the next crop has begun. though a
l.tc start aill h. made In some sections
OF the district owing 10 the lack Of SUI
iicien, moisture In IN" suil 90 produce
propsr termination
harvesting Of rice. hay. PEANUTS
sweet potatoes and feed crops Is making
good heldway. with yields reported toI
10 SltiVfactoty
Ranges Drterioraie.
Since the last report was issued. the
September rcrort notes. there has hc'1,
so'nc deterioration IN range conditions
N certain sections u tho district. As q
result Of continued dry weather In New
Mexico ~" condition " IN" ranges IN
that State IL estimated to have declined
rom 90 per cent at normal On Srpt"m
her ! To- 70 per cent ui October l, and
observers report that unless more gcn'
tTal rains are rc,eivcd In the stat" be-
fora frost further deterioration will IN
sure "Our Arizona correspondents -
pfft that the ranges IN that state have
ptrtly recovered from the August
drought a. . result II September rain
flll. which however. was compare.
lively light. Locally. there Is also need
e min IN the pastures ~ west and
south Texas SAYS the report with the
exceptions noted. conditions through
out the district wctc generally favorable
TO livestock durlng the past month par
iicuinrlv IN the process of range curing
In fact. on IN" whole. II may said that
those engaged IN the livestock industry
In this district are well equipped toI
larry their cattl" through the winter
having. rs q rdlc. an adequate supply
~ IoCk water aud an abundance Of
reed
Good progress during the month hN
eleventh district carriers IN the matter
~ expcditins the handling and incrsas
ing the supply of freight ears. was
noted
Unloading l. More Prompt.
"Sysicmatlc efforts. iniiiit,vi som"
months ago. 10 induce consignccs toI
unload cars promptly az. nov bearing
FRUIT" SAYS tho report. and DURING
most Of the month Of September NUM-
Der of lines were able Ia handle al
freight offered Tor shipment and toI
complete deliveries on schedule time.
The rapid movement Of the wheat crop
~ the railways cf the district N a strtk
ing illustration Of the recent improve
incnt IN traffic conditions generally.
This improvement " lkcvis" reflected
Nv the Increasing volume 81 mrrchan.