The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-09-01
CONDITIONS IMPROVING.

The Monthly Review of business conditions by the Federal
Reserve Bank OF Kansas City, gives encouraging reference
to the immediate outlook for business This bank noces that
things have already assumed upward The
Easement of the financial situation in this district is work
ing Improvement to the situation general Money from heavy
marketing OF farm products showing up further liquidation
of loans and bank deposits increasing The banks market
enter and also of the country banks carrying large
volume OF bills covering wheat and flour shipments and hand
ing the situation admirably.
effective August l. 1921 the application of the progressive
discount rate suspended by the Federal Reserve Bank
Kansas City The progressive adopted April 1920
under provisions act
an emergency After about fourteen OF ope
alton general conditions had mancsy improved that it
ielt IT might be safely suspended at this time
The one crop which will show slump production cotton
such slump probably being the best thing for the industry
York estimate the production the States for 1921 at
10000 bales plus 100000 nters yield than
SOOOOOO bales against than 100000 for 1920
The yield OF cotton however does the south
will get less for than big crop would have brought The
carry over from the 1920 crop July the end OF the cotton
year was approximately 100000 bales When add
the production for this year get total OF only 100000 bales
fair estmae Of the consumption by American and European
mills for the next twelve months will 100000 leaving
4OUoOO carry July This hardly enough keep
the stocks of the mills up normal between July
the l9z crop will be ON the market
That the price should go up therefore
does not seem unlikely One thing is certain and that the sup
growing eoan IS to be on more substantial basis after this
year than has been since the ed the Ada News
How does all this apply locally S it, there will be
some money IN growing cotton for tie next CIV years if due
caution taken not to plant large acreage and locally
take means TO control the ravages OF the boil weev Many
methods OF control have been tried here and there and
them have been very eicacous 1t is likely that by using
OF these methods the weev can be kept down
Business getting sound basis again
tain Money getting easier farm products moving and
cattle and hogs about to become profitable
10 the foregoing contemporary we add some
observations OF Roger Babson of the greatest authorities o
business and economics who discusses basic conditions
perly. Mr. Balson writes follow
Business conditions due mans attitude toward life
Business conditions be changed for the better only
attitude toward life changes Business cyclcs-rs
period OF prosperity and then period depression When
ing these business changes
statistics In endeavoring to ascertain what the
was found that period of depression the result urigh
eoss dishonesty extravaganza and nefcency which develop
III the latter hall of period OF prosperity and that period
prosperity the reaction from the righteous, industry integrity
and Thrift which develop the latter half period depression
lhe meaning OF this is plain 1t is railroads. steamships
or factories which pospety it bank cearings
1oegn trade or commodity prices which give good business
these things are like the thermometer that registers the empera
tre OF the room Prosperity based those fundamental
1e OF faith, temperance thrift The fundamentals
OF prosperity are the Ten Commandments"