The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-12-21
RIFFS IN THE CLOUDS.

the business skies shines again with the full bucy OF MONDAY
bat observers seeing riffs IN the clouds at the
present IN the section OF country well
abroad clearly sccrhhc signs point TO brighter days as the
year nc7rs It's close.
In his review OF business Tor the past week. Theodore Price
recognized OF the leading writers finance and industry
the chief Characteristic the continued swing Of the pen
the meridian line Of nomalcy One OF the
worthy developments OF the last few weeks has been the advance
foreign exchange. sterling going nearly TO 25 and francs
taking similar course Mr. Price attributes the Improvement IN
foreign exchange chiefly to the progress OF the disarmament pro-
gram the agreement Of four great powers which embodied in
the Pacific treaty and to the prospective settlement OF the Irish
question The belief in the public mind that OF the big issues
which have caused worldwide about be settled has
inspired confidence and is already tending toward the stability
which condi business progress The cssenng OF
disparity between American and foreign urrences bound
have favorable effect upon our overseas business.
Another feature IN the weeks financial which Mr. Price
finds significant the buoyant OF the bond market The
biggest transaction the sale OF $55000O00 New Kor City
bonds at the highest premium paid in several wears These bonds
taken by brokers evidently believe that money
market will be such that private buyers will absorb them In the
stock market Mr. Price gradual spreading OF speculative
interest although the advances thus far have been marked
n London the United States the year ending with what
may be described condition OF suppressed buoyancy in the
markets. says Mr.. Price.
An analysis of retail trade conditions the United States
made by the National Retail Dry Goods association gives
facts which OF interest merchants well
For the comfort OF buyers there is the report OF the department
OF labor that standard articles OF dry goods the price
below the level of the date in 1920 The association has
found that the volume of fall merchandise sold this year appears
to be greater than the sales volume for the fall Of 1920 although
the money value OF the net sales the country over is about II
cent under last year. 1t would appear from these figures that the
great reduction prices of merchandise has stimulated buyers
marked extent.
Bearing other phases domestic business in the news of
the week we find an item from Charoee N c. in which fore
of gradual Improvement in the hosiery made by
the president Of large Knoxville knitting mill and from
report that southern are
debating that will tend toward higher consumption
gains headway toward spring.
Turning to the cable find reports from London Civ
ing variety of information of encouraging From
Lancashire optimistic reports the belief being
that the cotton mills will be working full time by February or
March, Another item Yorkshire pnners been per-
mtted by the Industrial Council work overtime till January
Il in order to fill urgent orders Mills in Leicester Nottingham
and awick report all departments busy particularly with knitted
goods Still another item Demand Belfast
goods damasks and house linens forward delivery indicating
buyers confidence present values Increased export demand
noted the shoe and leather trades Gordon Serdg
of the largest London mercantile
that the turnover Of goods this will
despite price reductions ranging from 80 50 percent
In dispatches from Washington this week. IT, Off
cals quoted oreseeng CONTINUED Improvement business
conditions in this country and abroad 1t declared that the
which progress due
the continued operation of natural radusmen Like Mr. Price
treasury officials pointed to the Improvement foreign exchange
evidence Of Improvement abroad "Readustm Of prices
and given of the leading to
improvement"
is freely conceded by all authorities that many diffcult
must be and the readustment be "evened all
along the line before there be complete revival trade
and industry the that there will be all
and restore the buying capacity OF everybody but unless
which bear all the signs of being worthy of acceptance entirely
misleading the coming will trade and industry
the upward path which has already existing
conditions and known developments the
warrant excessive optimism they least distinctly encouag
The riffs in the clouds should inspire hope and fmer
ion to face the future with courageous hearts,
Rio in nuhea prcac Na,, bo,<l, No, "a