The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-08-09

commercial National bank, from TIA
nhnunl crop and business survey. Just
completed, are that business condi.
r"ns are on the upHnrd trend aud
hat optimism has iinaIly come To
rtny. The summary of the report re-
flecting the views of the correspond
tnts throughout the country il az
Follows.
The great value of an accurate
knowledge of present business condi-
Hons ~ the liking Of q standard FOR.
hcasuring future action. All busi-
ness IN carried on Ia anticipation OF
demand. Accurate knowledge OF the
present contributes 10 the quality Of
0he antiCipntOry decision whose in
nence ia felt throughout the entire
tompieN business structure.
In estimating business conditions
props are OF first Importance.
Farmers are the great Counumers as
well as the greatest producers. Their
condition anectH Industry and trans
porthtiou, and, Of course, capital and
lahor. The country looks to crop
conditions for q firsu sign of business
revival.
crop conditions are now good
thoush To warrant an anticipation OF
Reasonable business activity. other
facturi influencing the degree. OF this
hcttNity are conditions m foreign
lnhds and government policies at
hohne Indefinite government policies
Increase uncertainty. Transportation.
tnNation. tarin. u fear OF more and
inherent interference by Nernme
huyc ull had AN ndyera. tnndeuc. ON
Business, according to the hundreds
Of business men who contributed the
material for this review. Th,y are
al vigorous In expressing the belief
that less government iu business
would be more helpful than anything
ciso.
Transportation is the problem OF
greatest la the minds ct the
coutllbuturH. Thv railroads are Ell
cieut Dat business IN slack. Freight
fntcs are much too hign In
hpn N.tA commodity prices and have
hardly shown sigua Of yielding to thc
downward tendency. A cement manu-
inrturcr illustrate hy showing that
thr price uf cement IN 40 per cent
high,r thdn la 1918 aud IN, cost OF
transporting II las advanced ia per
cent.
u Cumulative Freight Rate.
az iH not the single freight rate
IN thu cumulative erect that creates
Tue damage. SAYS "a manufacturer 81
lHrm machinery, who illustrates by
fhuWlug that a steel mill must buy
aud transport SIN tons ot raw material
D. produce ton OF finished prod
uDt The farm Implement maker
must buy and transport three tons uf
paw material 10 get one ton OF finish
ed product. Pho cumulative freight
rate b. that on Is tons OF raw ma
triiul before one ton OF finished prod
uUt can be- shipped Co the tarmyI.
1u, increases iu freight. over lJI4.
On &c guuE pluw that sold then Ton $40
between chicago and Missouri riNur
points. In $3.50. Tine iucrvdsv-uu
tile entire freight ON tine farmer O.
corn With when hr may pay for the
pillow, between tho same points. Is $40.
b total Increase b. 40 per cent ot
Tile 1914 selling prlcv.
THIS condition, o. Dr. urEucd, makes
IA, price ui lJuur iu steel min on inn
pi'u"ut factory ut little moment. but
railroad men wHEvs are ui great um-
purtuucU. The writer concludes +
would rather have the government
undo the laws that have brought
uuuut THESE conditions. u to try Go
du something else 10 help business.
Taxation, The contributors agree.
must hc ga Ideally revised. Many Ca
them Say the excess profits taN viii
be- imperative next y'dr bcCauss
There VIII be- no excess profits. The
dtIuun tor economy IA government
business is insist-nt.
~ Views at contributors ON the turin
Wary. They usually reflect ia. in
dustrial interests ui the writers. lone
OF them cmphasizv the point that the
United States IN now a creditor nation
aud ir foreign debts are to be- paid.
ihcy must be- paid In goods. lncrras-
80 Ilriu schedule viii. therefore dc
lee payment or make II slow and diui-
cult. There Is also found fear OF an
Influx Of low priced goods In payment
ut these debts The broader view,
that II his country desires foreign
trade. II must buy AS We'll aH sell, Is
mot in%frcqucut, with u conclusion nat
th, turin should be adjusted To this
purpose.
over these lmattcrs, which AFFECT
business seriously and interfere with
attempts to anticipate the future. the
business world has mo- control. The
defining ~ government policies boz,
therefore. imperative. the contribu-