Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-10-05
STEADY|NC EFFECT
on IOWA BUSINESS
HEAVY CROPS AND FINE
WEATHER BEING FELT IN
TRADE CIRCLES.
TRANSPORTATION MORE
DEPENDABLE THAN USUAL
George D. Roberts Reports Business
Turnout Nation Satisfactory and
Money Market Easer-Tendency of
Prices to Be Downward Rather
Than Upward
Special to Times Republican.


Des Moines,, Oct. 5.--lowa's excel
lent crop production this year and
the unusually fine fail weather now
prevailing which is Favorable to all
farm work, is having a steadyinS eff
feet on business conditions in this
state. according to all reports re-
ceived here. The states crop produce
ton is SO much created wealth. and
altho the prices are not what they
have been for farm crops or pro-
ducts. the money which will be
brought into the state during the
coming months for the crops which
the country must Nave Will ease the
f:naUcial strain and put fresh energy
into business in general.
Now that the railroads are getting
higher rates and ths;r employees are
working steadily attincreased wages
frefsht transportation is notably
more dependable than ii has been
for months. 1t is anticipated that the
moving Of this years crops will be
far more prompt than it has been,
thus alternating the most serious
handicap to business in Iowa which
the state has experienced since the
days proceeding the world war.
According to George ID. Roberts, of
the National City Bank of New York,
general business is moving along In
| q reasonably satisfactory manner
The principal factor in bringing
about this condition is the big crop
production thruout the nation, he de-
clares.
The developments OF the monthsof
September, he points out, have
strensthened the general conviction
that the ioom period in prices is over
and the country is setting down to
conditions moro normal than those
which prevailed in the last half OF
1919 and the early months of 1920.
The day of competition among
dealers for goods at any price and
among employers for laborers at any
wage has passed" he says There is
good buying power i'm the country
yet. but the keen edge is off. The
feeling is that from now on there
will be enough of everything to go
around and that most things will be
cheaper rather than dcarer. all OF
which is good reasoning"
Money Market Easier
He reports that there is "a feeling
Of greater ease and confidence in
the money market" and points out
that money has been provided for
moving the small grain crop with
out causing any stain and this in it,
ar an "a CT e,Y>
$50 far as the grain crops are con-
cerned the worst is probably over"
he says for faltho only small por-
ton of the crop has been moved the
conditions are such that the remain
der is likely to move slowly and the
credit in use will he turned over and
over. with perhaps no more in use
! than at any one time than is en-
| ployed now AS the farmers sell the
| hanks in the farming districts come
into funds with which they liquidate
loans at the centers, and thus place
the latter in shape % continue adj
vances upon grain"
| \ Altho stock feeding in Iowa has
been curtailed somewhat by the ex-
periehces of feeders last year who
| fall pasturase and forage crops which
is furnishing cheap feed for, the stock
on hand. In the dairy sections this
is increasing milk and butter produc-
ton which brings in ready money.
Poultry and eggs also contribute 10
| the ready money coming into the
/ banks in the Iowa towns and help
| relieve the financial stringency.