Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-02-02

business conditions In Texas gencr'
ally. while not markedly hotter than
they were last week at this time. ave
J certainly no worsc. The Legislature
has cut the pcnaity on delinquent tax.
payers fer the year ~ le2O. from ter
to five per cent. This viii be big
help TO many In other sections WIN
have been compelled 20 20 delinquent:
Il win also be help. though IN q small
er way. Ia Panhandle taxpayers. There
I nre fewer dellnqucnts here. perhaps
than In any other section Of the STATE.
Tax payments fer January. 1891, are
even greater than they were IN thG
same month n year ago. THIS would
seem 10 refutc the cry II hard Tins
In Potter County, az least. yet Il " not
denied that there IA some depression IN
certain lines. 'eten hers The feeling In
strong. however. that In 1894 Amarillo
faces one ~ the biz years of her cxiF..
cncc. and that statement. Ia some de-
gree. goes for the whole 81 the Pan.
handlc.Piains territory.
Sentiment throughout the rest ~ the
country. though mere optimistic than
for three months past. is still confused
and contradictory. Commercial com.
ment runs the gamui from pcSsimism
to optimism and hack again. Condi.
lions are changing from week Ia weeR.
day To- day. and even from hour 10 hour.
Things trde today. particularly In IL"
hlr gffusln ats. an 81. Ia. 0stH.s
tomorrow.
How II the salesman to continue his
rounds "smilin through" when things
about him ARE changing from blue 60
black? This mornings paper tells d:
a voluntary pctitioH In bankruptcy
illcd IN Nrw York by manufacture
% wood products. with assets approx.
inatcly S2.s0O,0oO and liabilities. ST..
0OO. 600
How h IL possible Ter concern witt
ga 10 to the good. To be- forced into
bankruptcy? Answer. The greater
portion oi liz property consisted cf real
estate. machinery and frozen assets.
THE concern had exhausted It's borrow.
ms capacity. II was plnchcd to deati
ln the tight money market II hadn't
q recsoncd with the times.
Today certain large wholesale dry.
goods houses announce cuts 20 80 per
cent 81 former selling prices. Even
greater confessions win h. made. TIL
end Is not set The packers assert that
their siO0, oOo 600 investment In Latin
America IL LONG pull investment"
There u no present market Tor South
American beet The European demand
H. ended. Packers are blue.
President farr of the American ship
huilaing Company states that American
competition with foreign builders In out
Of the question until labor costs are
sharply lowered In this country. TIA
British builder. for instance. although
he pays nearly double the price for
basic materials. IL able To produce
ships at from $1,000 20 $1,000 per dead
weight ton less than the American
builder. The only hope for American
Industry Is Increased efficiency and ap.
plication on the part of our workmen.
which will ~ long way toward ~.
ducinH construction cost. Barr wea =
indigo spccks AZ that he secs pretty
I clearly.
Brighter Side.
What's ting other side? Well. here's
n few:
Steel earnings Tor the last quarter
are over slsoe0. 900. gain 81 nearly
5000. 900 over the preceding period.
Westinghouse shows big increase
In sales with the prospect that the
present fiscal year wiz exceed the pre-.
vious year. ~ f't -
Export 'dsmand for WHEAT has boot.
ed The price ~ that commodity. There
was a bumper corn cron. record yields
In rice, sugar bee,s an dtobacco. High
~ favorable Yields In cereal grains.
\ fruits and vegetables. All these are be.
/ ting helped by release 81 freight cnhar'
goes. lifting 10 bloCkades. and greater
railroad efficiency In sccuring move
men, of enlarged tons more miles per
day.
Top OF The World.
Financially. we are still sitting on
top ~ the world. Thrift campaigns In
the past have given us 2oOoo.OO0 bond
holders--nartncrs % Uncle sam. Cheek
INK and saving accounts are greater
than ever. Aggregate deposits In our
a