The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-12-28

- he advance ci agriculture
prices has put new life int
business IN sections wherl
depression has existed. and tn
volume OF business being done i'
most lines Ia al parts OF the coun
Try Is now very satisfactory. Al
: rule prices OF manufactures hav,
not advanced enough TO cover N,
advances m wages and raw ma
ierials. with the result that com.
plants OF little or no profits arc
common.
The iron and steel industry Z,
gong at about so per cent oI
capacity. and making headway
upon bookings accumulated during
the strikes. Pig iron is lower as
result Of the resumption OF
numerous furnaces. and prices are
weaker IN several lines. The fu-
ture IS hopefully viewed, on the
strength Of buying by the railroads,
prospects for another year OF ac-
tvity IN construction work, better
outlook for implements and great
confidence among automobile man
uiacturers.
The textile industries have been
stimulated by the rise OF raw mn
terials. all OF which are regarded
~ strong position. and are more
completely employed than for
more than two years.
Or the whole the outlook for
business during the winter months
Is good, with a promise OF contin-
vance next Spring. providing de-
velopments IN Europe are not un-
favorable. and that the rise OF
prices IN other lines does not Off
oct the rise that has taken place in
farm products. The fact cannot be
neglected that the prices Of farm
products are dependent upon Eu-
ropes taking its accustomed sup
plies. and that prosperity cannot
be maintained unless the farmer
has a share in il.
The improved conditions in the
industries still partakes largely Of
the nature OF a rally from the ex-
trcme depression and low produc-
tion OF 1921. Many experienced
observers do not believe that in
dustrial costs are low enough 10
furnish the basis for permanent
prosperity.
Posi- on Of Corn Crop Strong
The November estimates Of the
Department Of Agriculture show
that the production record for
corn is higher than that OF the pre-
vious month. and inclrdinE the
oarry-ovcr gives q total available
supply for the coming year OF
s.0S- .0o0. 600 Nasheis. or about the
@. last years crop. saving
nothing Of carry-ovcr. Consider
ing that there are more hogs on the
farms. and a much greater number
Of cattle IN feed lots than a year
ago. the position Of corn Is very
strong. The way the record break
ing crop and carry-over Of last
year has been disposed Of sugurs
well for the corn growers ~ the
future. Calculations indicate that
approximately $500. .000. 600 bushels
Of corn were consumed in this
country or exported last year and
there never has been but one crop
Of that size in the history of the
rountry. and but four crops ex-
-eeding 5000. .00O.0 900 bushels. The
price N Chicago IS about 20 cents
per bushel. and at western railroad
stations about double the price Of
! year age.
Wheat is in a strong position.
statistcally, in view OF the poor
-rops Of bread grains in Europe.
The normal pre-wzr wheat pro- s
iuction OF France vas about 52S.- I
10000 bushels. and the normal :
annual consumption is $4,000. 900 {
10 545.000.oo0 bushels. A saving j
II 100000 is expected from the (
Milling regulations. requiring war
sour to Be used. but the import (
are calculated at
lbout S0.o00.000 bushels. The
grain crops OF Germany are very !
hort. and this is true OF Italy. I
The situation IS summed un bv r
|. (. Hay, Canadian Trade Com i