The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1922-03-18
Business Enterprises on
Firm Footing Once More;
Steel and Copper Advance
CousinE Secs Renewal Of Demand for Red Metal and Early Re
vival Of Mining Industry; Railroad Prospects Better;
Still Too Much Politics.
By W. s. COUSINS

price declined almost continuously
from the opening month Of 1921 "a
the close IN January of 1927
wheat WIS quoted at s10G per
hrshol. but In November q had
declined Co the closr TO 81. though
~ recovered slightly before tho
end of the year. u is not sur
prising therefore that tho larger
reserves should have been reduced.
and that consumption last year
should have Increased.
Tho reserve stock Of corn on
March I was t.312.i20.0 600 bushels
less hy 25ninnO. 600 than In tho
previous year. The consumptlnn
or corn last year was i.150.0nUO QUO
bushels. rejecting also the lower
range OF priccs FOR corn. Ia tho
early part Of tho yonr corn sold
az ~ cents. but prices followed
closely tho record ~ wbont ana
IN" close II the year found corn
d"wn 10 a. cents. with farmers
fuel
since the turn Of the yrar new
nlsh prices FOR wheat and corn
nave been made on the Chicago
hoard OF trade. wheat hy tho fenc-
tion Of "a cont falling to reach the
tl.3o mark. It was during this
noricd that tho rise In Sterling
exchange enabled the English mar
kti 20 contract Tor n good aunn-
MY OF American wheat In Tho
ll't two weeks the pound has LOST
w cents Of lts purchasing value
ana wheat prices have gone down
nearly 90 conts.
Cotton prices have done uttia
more than hold their own. despl
the heavy inquiry for tho soutb-
crn staple from across tho wntar
1id III" Increase Of our exports ia
ENGLAND and France. Tho cotton
bolt b. sim seriously Erappllng
Win the problem Of next season's
hcrcaFo. the general belief boing
mat desirable ~ IL may seem no
reduction VIII he made in tbo
acreage, eown To cotton. Ruling
prices afford the south better nroe-
Meet for profit than trying 10 grc,,,
DINER crops except to supplv homo
requirement.. In the last decade
tnui hcin planters hnvo lenrned
me benefits IN be- derived from /,
''lenliiic rotation OF cropS. A. a
result OF which many hardship,
nav" hcen removed U~nfartunnto.
" inc bon wecvii ~depredation bn.
u"'h quite severe. and The posi
me yuur threatens moro ,bnr
usual DAMAGE. sunless the crop car
sct an carly start
Politics.
Most ~ the diHqlotina factora
m the present situation arise no,
from economic. but from polIticni
.'ufcrs Congress presents thc
FORTY spectacle OF flounderlnp
around, unable 10 dcfermlpe M
tnturc course similar errors ar.
h'inF committed by the so-caiiod
sta'nsmeu 0f Europe. A uttla moro
business Ia government and les
government in business would h.
productive Of good results
Prices.
Continued strength in most farm
products and their derivatives. but
especially In foods aud In tex
til"H ana vegetable oils. MOI. tban
gre tting weakness In hides and
leather metals and misceiia no..
products n the reason asslgnabIe
t"r INC further slight gain shown
10 hrndstrcct's index number Of
commodity prices as Of March l.
Thls is the eighth gain shown in
nino months in the genera prlcc
eyer since prices began to be sta
plhzed early last June. after the
precinltnie decline OF 1920. ana the
first half of 1921.