The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1922-06-13

| The general business SITUATION has
continued favorable from month to-
month until confidence is now we'll
established that the worst of the in
evitable postwar depression is over.
The most potent factor in the revi-
val has been the exhaustion of stocks,
the wearing out of things in use,
bringing consumers to the necessity
of coming into the markets to sup
ply their own wants and of selling
what they might have to provide the
means of purchase. The pressure of
reciprocal wants gradually brings
all branches of industry to the read
ljustments that have to be made.
In the case of foodstuffs and the
leading raw materials of industry there
are no large supplies being carried
over, unless we except corn, which
does not enter readily into consump
ton until it has been converted into
meat. The grains chiefly used for
bread are closely used up, the world
depending upon full crops each year
In the chief materials Of clothing,
wool and cotton, the carry-over which
has existed since the war has been
reduced in an important degree dur
ing the past year. These conditions
give an assurance of stability in the
principal agricultural staples which
has not been felt since the Fall of 1920.
i Prosperity is the fruit of state of
lordered, balanced and reciprocal in
,dustry, in which everybody works at
rendering some service to others and
gets his pay in the services which they
render to him. Although an appalling
ignorance of mutual interests is con-
stantly displayed, nevertheless people
are bound to strive increasingly to inn
prove their relations to each other.
The state of ease that has develop
ed in the money market, as evidenced
1 by the liquidation of the Federal Re-
serve banks, the ready absorption OF
investment securities, and the rise OF
the bond and stock markets is con-
dition favorable to business expansion.
The Crop Outlook
The outlook for the crops is ex-
cellent The season was backward on
account of wet weather, but the crops
are growing in the ground in good
shape and with ample moisture TO give
them fine start when warm weather
comes. The single, exception is the
cotton crop, which had poor start
and is threatened by the boil weevil
apprehension is felt of short crop
and the price reflects it.
The improvement is not confined to
this country. Foreign trade is better
The South American countries which
produce raw materials and foodstuffs
are finding better markets, working off
the surplus stocks of merchandise
which have embarrassed them, and
beginning to buy again in substantial
amounts. Conditions in Asia are i'm
proving. The foreign exchanges are
getting stronger, which means more
favorable condition for foreign in this
market
Railroad Rates and the Labor Situa.
ton.
The Interstate Commerce Commits.
sion has ordered a ten per cent. re-
, duction in freight rates and the Rail
road Labor Board has ordered a re-
duction of wages for one class of rail
road employees at about the same
rate Other wage reductions are ex
pected to follow. These orders e
, we'll together and are in harmony will
the general trend of the last year ant
; half.
There are no signs of settlement
: of the coal strike which has run two
months. Production of bituminou
from non-union mines is now abou
one-half the normal requirements. Thu
situation is becoming critical in tn
!, case of anthracite as there is little sur
plus mine capacity from which t.
make up the loss of production.
! With the coal miners on a strik
and the railroad employees voting up
on one, the situation affords a strik
ing illustration of the weakness de
!, preston has taken place, that we shall
have uninterrupted or rapid recover
to full activity in all lines. A read
justment of industrial relations is un
der way and has produced the i'm
provement in sight, but complete read
! ljustment has not been produced in tn
highly organized modern industria
!. system, in which production is carrie
on by groups of people exchangin
. products and services 1t is an effec,
i've system when all are working haI
!. moniously. We are benefited by i
but the system is dependent upo
! good faith, fair dealing and a broa
view of mutual interests. The wor
of the coal miner or railroad employ