Evening star., 1921-07-16
CF1EAPLY RAISED CROPS BOON
TO FARMERS OF THE COUNTRY
Grangers Finding, No Matter Where Prices
Go, Profits Are Evident Just the Same
Industrial Lines Reviewed.

NEW YORK. July 16 (SpeciaD.-
The farmers throughout the country
will have something beside the handle
Of pitchfork to rasp against their cal
louses in the next few weeks for the
hard earned money from the 1921 crop
is beginning to flow into their hands
Moreover. as they take stock Of the
seasons work, they are finding that
no matter where prices have gone. the
profits are there. For the crops are
raised. in some cases more cheaply
than any since the civil war.
The position of the farmers and the
increase in their immediate purchas-
ing power has had an immediate re-
fiection in the feeling of confidence
and financiers throughout the entire
country, according to business dis
patches received within the last
twentyfour hours.
Eject ON steel Trade.
1t is even calculated to have an
immediate effect on the steel trade.
which continues the spot of deepest
industrial depression in the general
situation, for demand for additional
freight cars is coming from all grain
centers. and the long-delayed repair
of cars now out of commission WITH
attendant purchases of steel products
cannot be much longer delayed by
the roads II they are to take full ad-
vantage of the revenue-producing
freight of the crop movement
Whether the recent cuts in prices
of steel products eventually VIII serve
to stimulate buying still remains to
be proved. So far no materially
quickened beat has been noticeable IN
the pulse of the industry.
With continued reduction in labor
costs, Bethlehem Steel having an
nounced Is per cent cut today, they
believe that additional price recess
sions are possible.
Better Times Foreseen.
Along other lines. however. indica-
tions Of better times to come nave
been multiplied. There is decided i'm
provement in the dry goods and ap-
parel trades. Retailers are buying on
a fair scale. and. while manufacturers
are using caution against overlooking
on raw materials. large unllquldated
stocks no longer are hanging over the
market.
The wheat and fruit crops of the
west and Pacific coast are counted on
to bring millions in balance of trade
to these sections. No lack OF credits
to finance the crop movement has been
evident, although country banks are
carrying farmers loans still uniiaui-
dated.
In belief that the country is con-
suming more than it is producing New
England is anticipating an increase
in production and swing upward in
business activity in textiles, shoes and
other manufactured lines.
Optimism In the South.
Increase in prices of many of its
agricultural products has given rise
to a feeling of optimism in the south
which is reflected in betterment OF
wholesale and jobbing trade as weli'
as that of retail merchants. Low cost
of production of cotton and high
prices for fruit have left the south
ern farmer in a relatively adVan-
tageous position.
Throughout the middle west there
has been a change in the attitude OF
the consumer with more active buying
as result Cattle prices continue
low hut financial relief already has
begun to be distributed to the stock
raisers.
One of the prime factors which
has led to restoration of confidence
is the fact that business men have
come to realize that it costs them
real money to say business is rot
ten" and to feel that 1t is.
Many dealers are backing their
belief in business revival by increased
advertising with most profitable re-
suits.