The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-04-11
BUSINESS CONDITIONS

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ing;
The mild winter has been followed by an early Spring and
win the revival OF outdoor operations there are symptoms OF
Improvement m business. although they are not sufficiently pro-
"ow'eu 70 jusuly sangurnc predictions, Retail trade continues
surprisingly good in the cities. and wholesale distribution is very
lW'' considering me low prices OF farm products and the amount
oi unemployment reported. Payments through banks reporting
to the Federal Reserve Board and passing to the Federal Reserve
board and passing through the Clearing Houses are running 20 to
y per cent lower than a year ago, which is not so preat \ de-
crease as might be expected in view Of the decline Of prices The
index number OF commodity prices compiled bv the Bureau OF
Labor Tor February last was 81 per cent below that Of February.
wv current payments. of course. do not accurately represent
current business. and considering the amount Of unemployment at
tins time. II must be concluded that they are holding ND better
tnan production for the last week OF February the car-oadings
reported by the railroads aggregated 65S222 as against 1926
IN the corresponding week Of last year. For the month of Febti-
AIRY the cotton mills consumed 3S5.565 bales of raw material.
against 5l550 bales in February. 1920 and SOC $40 bales in Tanu-
AIRY, 1921. The production Of bituminous coal for the week ended
March Il, 1921, was 6S9l0O tons. against l0277WO tons in the
week ended March II, 1920. Pig iron production in February.
29+Ol6S in February. 1919. The output OF beehive coke for the
year to the middle OF March was 2257OO tons. against 4527OWI
tone IN the corresponding, period OF last year. Exports OF mer-
chandse for February, 1921, were S~4S9510942 against S645145-
rs in February, 1920; imports of merchandise. $214.525lN
against $40, 4O2s2O in corresponding month OF last year. Bust
ness failures in January and February. 1921. numbered 3.5O5 with
liabilities of $~lSS354,990. against 97 in number with liabilities
OF &l4olHl in the corresponding months OF last year Building
permits IN l5o cities, as reported by Bradstreet's, aggregated in
value Sl4O,5N,3l9 in the first two months OF 1927. against 1874,
94l,l OO in the corresponding months Of 1920.
The above figures do not show a pleasing state OF affairs, but
they only show what everybody knows. that we are passing
through a period OF depression, and when we take into account the
state OF business over the world. and the heavy fall in the prices
OF our staple products. there is reason for congratulaton that
conditions are no worse. The movement o, goods in retail trade
makes a better showing than any other feature of the situation
indicating reserve buying power and that commodity stocks are
beng reduced. There is not the amount of distress that might
Der OF business failures that might be expected following so Sc
we're a depreciation of values. The most encouraging circum-
stance is the fact that the readjustment Of wages and prices which
is necessary to a general revival OF industry is steadily progressing
and without a serious amount Of friction. |,