The Ward County independent. [volume] (Minot, Ward County, N.D.) 1902-1965, 1921-07-28
Farm Profits Are Coming Back

1t is a law OF nature that action is
equal to reaction in the opposite d.
rection. For instance, pendulum
always swings almost as far one way
as it went in the opposite direction
on the preceding swing. A slight tap
when it starts back may send 1T FAR
Their than it went on the up stroke.
Business has it's ups and downs as
does the pendulum. In many re-
spects business expansions and de-
pressions are almost as regular as
Is the ticking Of the clock. When
business reaches the peak Of it's
climb we can always rest assured
that there will be decline at least
nearly as far. The world war really
served as a vigorous push rather
than light tap on the business
pendulum of the world and sent it up
and up almost to its zenith, in fact,
many feared the force of the impact
would cause it to dash from the beat
en- path and crash to destruction. But
the upward swing stopped before the
break, and for the last year and
half we have been witnessing the
backward swing.
Many facts indicate that it is now
about time for the business pendu-
lum of the United States to return in
the direction of business recovery.
And in the revival of business which
is sure to occur, we anticipate that
farming will be one of the first lines
of business to be benefited.
There are several reasons why the
farmer now should take an optimistic
view of his business situation. The
wheat carry-over from this season
has been the smallest in years. The
latest information indicates that the
1921 crop is no larger than the 1920
crop.
Stocks of wheat at terminals and in
country elevators are reported to be
more than so percent lower than a
smallest in eighteen years.
The supply Of -four in the hands
of merchants as we'll as consumers is
very low. There was 20 percent less
-four manufactured during the year
ending June 1st than during the pre-
ceding year.
OF vital interest to farmers is the
fact that there is a decided shortage
in livestock. If per capita consump-
ton of meat and meat products were
suddenly to return to normal, the
demand for meat, would be far great
err than the supply.
During the first five months of
1921 there were 7,716 business fail
ures in the United States as compar-
ed with 2,678 for the corresponding
period of 1920. An expert statisti-
clan estimates that at present there
are about three million persons or
dinarily employed in industries in
the United States out Of employ
ment. 1t has been demonstrated
that the family of man who has
employment consumes three times as
much of the things people eat, wear
and use, as it does when the head of
the family is out of employment.
Latest information indicates that the
number of unemployed has probably
reached the maximum and that un-
employment is now on the decline.
One can readily see that as work
ers in textile mills, shoe factories,
automobile factories, furniture fac
tories, ETC., are resuming employ
ment, their requirements will be pro-
portionately increased. Certainly
this means a greater demand and
better prices for all the things which
are produced by farmers. Lack of
employment cannot be improved I'M
til utilization of products produced
is resumed.
Add to all this the determination
of the farmers of this country to
take hand in the marketing of their
own products, which most assuredly