The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-07-14
BUSINESS RECOVERY SLOW BUT SURE.

the hopes those who DIE
business will drive up overnight and that the next morning
they will find the wheels OF and industry rae
ing around speed which the machine attained the days
before "dcfaon" drove up destined to disappointment 30
the OF the collapse which came during
the latter part OF l92O-beng no less than Worldwide IN scope
and the inevitable consequence OF conditions which the great war
brought aboutat there never were good grounds Tor expect
ing anything like miraculous recovery
Two outstanding facts preclude the possibility OF the mmed
OF the "normacy which is much desired First
what writer calls the adjustment between the various com
ponent parts economic structure has yet been brought
and second the buying capacity of European countries IS
still seriously crpplcd by the mpoverihmen war with the
foreign demand for products is limited Prices
of agricultural commodities have reached levels but by
OF the sownes with which readustmcnts proceed
and the time that necessarily required for the working out OF
processes manufactured products have correspond
ing declined The reduced buying power on the
part OF the producers OF commodities aud this to stag
nate industry, causing unemployment
However il those who have been expecting early revival
OF business large scale built their hopes foundation OF
shifting sand there still no reason to doubt that ultimate re
covery certain and signs lacking that for several months
the forward has been proceeding slowly but surely In
his analysis of conditions existing the close of the first half OF
the year Mr. Theodore Price finds e following favor
able symptoms
First the growing ease of money and the increasing bank re-
serves which are prerequisites of business activity.
Second the tone Of the stock market which, registering it
does the collective opinion OF and trained observers dis
ncty firmer and substantially higher.
Third the advance in bonds which shows that are
recovering confidence and indicates that boarded capital will
shortly be seeking employment.
Fourth the government report the crop which puts
the reduction in 8 and connotes hitherto
aanabe degree OF cooperation among the Southern farmers by
virtue OF which they will in the future be able to control the price
OF cotton thereby assuring reasonable prosperity the South
Fifth the manifest Improvement the railroad situation
evidenced by very in net earnings for Nav
Sixth the remarkable increase savings bank deposits in
New York and Chicago during the last six months.
Seventh the generally improved position Of the public utility
the United States result the general
in street fares aid public service charges that has
thorized
Eighth the increase building activity that reported from
all the country and the general belief that large
potential demand for steel that will make itself felt when prices
are reduced
Ninth the good distrbutive trade that reported most
wholesale staple markets and retail trade essentials
volume as indicated by its money value large last year
Tenth the manifesy better feeling England that has
lowed the settlement of the coal strike and the pourpa
being held in Dublin and London from which permanent sou
ton OF the troublesome Irish problem is expected
Over against these encouraging of the situation are
to be set the previously mentioned factors which operate delay
recovery but with banking system which demonstrated its
has passed evident that Improvement is in progress
While complete may be fardstant plain that the
patient IS on the mend and this fact is distinctly inspng
As understand his position President Harding is madv in
iauated with the soldier bonus but he isn't in favor of giving
en- AS long the condition of the the way
of such legislation he be ardnty in without get
ting the government into embarrassing financial situation
cdenty there lots of exsoders who not insisting upon
the bonus and who believe that the proposed legislation would
hurt them more than it would help them at the
--0----
Hopes for peace in Ireland been raised frequently dur
ing the last few but every has been case
Nov see and you don't it, However despite the
TACT tnat previous negotiations have the
stances connected with the calling Of the conference between the
Irish leaders and the British PREMIER opening today
furnish grounds for optimism.
The Harding administration undoubtedly hitting popular
shord in seeking to reduce expenditures
state and national taxation constantly tends increase png
greater and greater burdens those the bills Gen
Dawes who has been placed charge the budget
system real business and he has tackled his lob in
that gives promise Of results With business and industry
everywhere suffering from depression is time that calls for
retrenchment all along the line.
n
New York bridegroom tainted while on his way to his we'd
ding What will happen to him when begins getting the house
hold bills s?-New York Evening Mail