The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-11-20

'fhe broom corn crop was extra
short, the shortest IN many years.
The feed crop. such as kafir corn.
milo maize, alfalfa, prairie hay and
other forage crops has been exccp-
tlonally good. However, there are
fewer cattle and hogs In the state
this year than thera has been for
many years past This Is very un.
fortunate. ana bankers can perform
very valuable service to their COM
munities and the state by extending
lines OF credit Tor tho purchase OF
hogs and livestock where farmers
have an ample supply OF feed crops
The market prices for farm prod
ucts are not as satisfactory as we
would desire. In fact the prices Of
farm commodities are all out OF pro-
portion 10 the price OF labor. For
your reformation we Will use the
basis Uf 100 per cent as the 5-year
average before the war, and basing
the purchasing power OF some o. the
farm products this year upon this
percentage, We have the following
Corn,.6 pcr cent oats 60 per cent
barley, SO per cent; wheat, 90 per
cent. rye, 10l per cent; budkWhGat,
l0l per cent, flaxseed. 5b per cent;
beans. 81 per cent; hay IS per cent;
potatoes. 64 per cent. sweet pota-
toes, SO per cent; peanuts, IS per
cent; apples, 81 per cent, chickens.
1l6 per cent eggs, II per cent, but
ter, SO per cent. milk cows. so per
, cent, beef cattle, SO per cent. veal
calves, 73 per cent. sheep 66 per
cent; lambs, ~ per cent, wool, 5S
per cent, hogs. 81 per cent; horses,
as per cent. Practically every ar
ticle that the farmer has to sell can
1n
usual quantity OF other commodities.
one OF the greatest things that
gives us hope and encouragement
at this time is. that the farmers
stock Cor a. least what he has left
on the farm) is in excellent shape
and he has an abundance of feed 20
care for this stock. he has plenty OF
home-g grown products that will re-
duce his cost OF living 10 minimum.
and his necessity for credit Is not
nearly so imperative as Il was a year
ago. In addition to this, the farmer
as a class has economical and Is
practicing a tremendous lesson In
thrift and economy. and he will
come out of this readjustment period
in much better shape than n great
many other classes of people.
OIL.
The situation IN the oil country Is
much better than Il was 80 days ago.
Oh is now selling for So barrel
and in "a great many instances the
producers are receiving a premium
In addition to this price.
The recent increases in the price
of oil have placed an entirely dif-
! forent aspect on the oil situation.
! Producers who were operating
eases az a loss OF 60 davis ago are
I hN nd ma nN
OF them are making n little money
at this price The operators have
adjusted their production and opcr-
atlng costs TO conform to the new
. order of things, and oil now at 81
I per barrel means more 70 the pro
! duccr than SO oil would have meant
six months ago. The bankers In
I the oil territory all fell greatly re-
! lievcd over the situation The
/ thought has entirely changed from
1 a tone OF pessimism TO an outlook
/ Of optimism. and we all believe that
| the business in the oil territory from
/. thia date on wall be considerably
! better than IL has In the past, and
/ we confldentially look for the con-
] dtions to grow better and better
j az time goes on.
After reviewing the entire finan-
! cial situation, both from a national
hand local standpoint, we cannot help
( but reach the conclusion that the
I conditions viii gradually get better.
However, the bankers in this part
/ OF the state must be very careful
/ and cautious In their .busineSg trans
actions They must keep In mind
constantly the fact that-we should
/ rrf "c~'r'i- burFe'ves TO run as lose
ly ms we did during the period prlor
! .l 1871 We must sit steady In tho
boat and not allow ourselves to bc
swerVed from the straight and mar
row path by the allurinG temptation
OF profits or speculation. but we
| must look to stabilizing not onl" our
own business, but that OF our re-
spective communities, and when We
DO this we have performed a real
service 10 ourselves, our friends, cur
community and our state.
In the first place we should be
! grateful that our country Is at peace
with the world, and that war is not
calling upon our resources and TAX
ing from us our loved ones;
Second, We should be grateful foi
the fact that this country Is in the
midst OF plenty, and that famine
and want Is not known within the
b0rders Of our noble land, and that
we have a large surplus 90 sell 70
our nelghbors In the foreign coun-
tries:
Third. We should be grateful that
there is no great epidemic, such as
influenza or some other great plague
casting it's black shadow over this
country Of ours. and claiming It's
victims by the thousands and hun
drods of thousands;
/ Fourth, We should he grateful
that the political situation I'm The
country is clearing up 10 a certain
extent, and that the political policies
OF the country viii soon he definite,
TX determined. and this in itself viii
tend to lend stability to business nj
least until the next national pO'
litical campaign;
Fifth, we should he grateful that
we live in the greatest country IN
the world. and under the best gov
ernment in the world, and that the
scourge Of bolsheyis'n has nol
gained n foothold In this country
and that our government is the mos'
stable government in the world TO-
dav aud
Sixth. We should be grateful tha'
there are no great national strikes
menacing the neace and harmony OF
our national life. and that capital
and labor are getting closer together
Aaf n