The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1920-12-09
About the Business Situation

The following paragraphs monthly bulletin on
The fundamental reasons for the check which given
lu business Immediately after the close OF me war
There relaxation Of restrictions upon private expenditures
expenditures still very large scale
The revival of trade between countries factor The rise OF
prices demoaon of exchange delay the reestabst-
ment OF industry III parts OF Europe poverty OF european IoPS
Poland and Russia social and threats of revo
been ufavorabe industrial improvements Great
Britain sold quantities Of goods to the Continent last tor
which from the United States but such sales
if the Continent did develop ability make
payment In any the extvagant prices OF time and the
period Immediately following we're boul 10 be reduced
ASiG. Japan suffered
financial industrial crisis in March, from which it has not
try In the fiscal year ended June 30 1917 the United states
ported 33S68SS5 pounds Of silk valued at S0 per pound
and in the fiscal 9l920 the imports 4l33 10 pounds
So 925 per pound At the highest point last midwnter
top grade sold at SIS pound quoted at about 500
with mos of transactions lower prices and little dong in the
market
decline the value Of silver which began last March, has
had important effect exchange rates between ASA and
parts the world The trade balance in favor Of Asia has
declined which reduced the demand for silver that metal
common medium OF settlement W1h nina and hdm Moreover
supply silver the markets has increased both by gain Of
production Mexico and by melting OF quantities OF silver com
which had been driven ont OF ccWalon m Europe by paper eur
enc Last Winter silver bullion sold i'll the American market
production is taken by the Treasury, under 81
per foreign silver selling about so This decline
any silver basis and this way affected the
market for goods supplied by England and British imports
o from this country
safe that the danger Of further initiation for
the present The decline of prices will end to the appeals for
purpose buying things starting
People do not care money buy speculate build
extensions go enterprises prices falling They
viii proceed and and apply the proceeds their
debts may expected liquidation
will tend to become easier until the strain which has been
felt 1917 quite removed OF is going take
larger of products pay debts than under high prices
significant fact that for the first the history Of
this country period of expansion has eliminated and prices have
turned dcsvey downward without banking panic Heretofore
the turn has been always accompanied and the downward pace
ceeaed by collapse of bank credit This time the situation
instead of being by the efforts Of thousands of banks
to reduce their loans and increase their cash will be
ported by adequate banking Business houses entitled
credit will continue to it. Valuations will have undergo
revision but the whole financial situation altogether different
from that which has existed other time of business reaction
The business community protected from the shock alarm and
which result from general contraction of credit Not only
has there been this time but there will be qua
markets
1t principle of modern banking that the time to restrict
credits when rising and credit under
and that after the turn has been definitely made when business
known TO pc recedng It sound policy TO grant creht Freely TO
concerns of assured strength to maintain stability and the orderly
rbere are good reasons for confidently believing that this
the have followed long periods of internal de-
veopmen including
building building periods prosperity
expansion have been of this character usually happened
that the movement has the needs of the country the
me and period of growth required aerward bring the
country its facilities This the 1873 and
1893 the two most important crises of recent history In the
period following 1898 delayed by the controversy
period which has been responsible for the existing cx
pason of credit and high prices develop
mai development and improvements and the facilities of the
behind its needs Never before there much work
sight needing TO be done opportunities in the world
outside The immediate problem is that OF price readustment It
not case of exhaustion of waiting to investments
that have been made The would
the level Of costs created by the and regarded abnormal
and temporary
Lawyers got $OOOOOO for fixing meaning the Marshall
Field will and people wonder why law schools don't need adj
vertise.
The Victoria Cross for courage ought to be awarded to the mem
'ers of Parliament who had the hekle Mrs
Pedestrians think mansaughter indictments ought TO hold