The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1922-04-04
GENERAL BUSINESS CONDITIONS.

or all the reviews OF business conditions issued by the
ous authorities appear be maney based upon
calm and clear consideration OF actual facts the monthly bu
ctn OF the National City Bank OF New York Unnunced either
by optimism pcssmism M Roberts the author OF .thc bu
lctn analyses conditions and draws his conclusions in way
that makes them of high value to all business From the
bulletin issued the first OF this month quote follows
"Ihe general feeling business circles OF strengthening
confidence that the turned and that 1922 will
be better year than 1921 The Improvement in fundamental
conditions and general feeling first OF the year has
been very marked indeed the middle of January the first
OF March optimism was perhaps ovepronounced and moderate
reaction in lines has naturally resulted
"lhc stock market which is prompt reflect and anti
cpae Changes fundamental conditions has been creeping up
ward for the last six months in slow but persistent movement
which suggests faith that better days coming
Railroad traffic Indicated by the reports OF carloadngs
since the first Of the year. has been running ahead of last year
those of the month OF 1921 On the other hand the net
earnings Of 100 roads SIlzl6O January against 2S33
penes Increased railroad expenses Increased oadngs
ecng in increased until several weeks later because
freight charges collected upon the delivery Of goods Th
gressve gain in oadng is shown by the increase o per cent
in February and approximately double that in March each
the corresponding months of last year.
Trading in all lines short order basis Foreign buyers
wish to avoid the risk OF exchange fluctuations lar possible
have been worked down the minimum and that there must be
constant buying to meet the demands for current consumption
This respect in which the situation decidedly more favor
able than was in the latter part OF 1920 and throughout most
Of 1921 Sir James Wilson well known British authority upon
wheat quoted as estimating surplus in world supplies OF S
THE steel industry has made marked recovery the United
States Steel Corporation operating about 20 OF
capacity and the independent companies the aggregate at prob
ably per When considered that production capacity
has increased about so cent since before the war VIII be
that this is far from state OF sagnaton Prices sned
several lines of steel products and Judge Gary answering an
inquiry the policy of the corporation has stated that was
disposed follow the lead OF the Independents III making prices
The computation of prices upon fourteen leading
products by the Iron Trade Review shows
for the week in March of 1896 compared with $3.50 last
week. $32S7 weeks ago $2S6 for all February $34 for
January and $2793 for March, 1918
The revival of the demand iron and steel may be due
in IN mis- he
coal strike interfere with production but It indirectly due
part the extensive equipment orders that have been gwen
BY the railroads. who have ordered in the last three
months than all of last The implement industry although
still far normal much better than this time last
and that with the automobile industry and
with the building industry.
he chief factor the change OF sentiment which mas oc
Cured the first of the has been the rise in prices OF
farm products easily and naturally to demonstrate
the had been suffering from and
that the order of things the economic situation given
reasonable time would equilibrium Grain prices in
part Of their February gains but the we're
obvious and there serious loss of confidence.
the whole there be good basis for believing
that agriculture all branches will have better market for the
than for the last The farmers costs are declining
believe that the readusments to bring industry
balance require that they shall continue to decline is in
he Of all business that the farmers the most numerous
the shall have fair show the ed with
agricultural production increasing Europe the farmer cannot
the prices of his products TO back to the gh levels
ie war and he has made mistakes OF judgment by buy
high he has lots of company people
Who not farmers but he has right to expect that one way
r another his products shall purchasing power in rela
other commodities and services equal to that OF before the
We think that much be done by means OF egsa
this to him. but positive in our opinion that
law will bring to him. and counsel all other groups
0 cheerfuly accord it to him as rightfully due