The Nezperce herald. (Nezperce, Idaho) 1900-1957, 1923-07-19
Foreign Advertising Representative
THE AMERICANP PRESS ASSOCIATION
NO USE TO BEAT AROUND.


ness conditions in this country unit
our basic industry-farming--is mad
profitable; until the farmer who toll
and strives is permitted to make az
income in excess of his legitimate ex
penses. And by legitimate expenses
1t is nothing more than fair to in
clude the cost of reasonable amount
of entertainment and amusement and
kindred requirements essential to
wholesome existence, besides the abb
solute necessities Of bread and butter,
etc.
Districts and communities in our
fair land may have seasons of pros
perity regardless of what is happen
ing to the farmer. Such an expert
ence has been very apparent during
the past two years. Capital accumulat-
ed during the war and our timber and
mines have been responsible for this;
but the feeling that it is temporary
has existed all along and is now be-
coming more manifest, as is plainly
indicated by the following extracts
from the July bulletin on Current
Business Conditions issued by the
National City Bank of New York:
'The slowing down of business,
which becomes noticeable in some
lines in April and was more pro-
nounced in May, has been the subject
OF absorbing interest in June. Uncer-
tainty as to the extent of the reac-
tien has increased. Doubt as to the |
staying powers of our newly.found |
prosperity has spread For this in.
creased degree of unsettlement Ger.
tain events in and around the stoch
market secm to be mainly responsible.
The market has been shaken by sew
eral failures, which were in no way
of general business condi
tons, but were of the Sensational class
Of news which gets general attention
and is always disturbing to conf
ience.
1t is evident that the country was
iistrustful of the March boom, with
Is wage and price advances, and has
,een moving cautiously ever since.
Everybody with memory three years
ong recognized the danger of sitting
prosperity by rising costs and prices.
,aution was enjoined on all sides.
The effect has been to put def.
mite check upon buying which has
een maintained long enough to raise t
he question whether the country is i
OF lapsing back into depression. 49,. 6
"It is true that the prices Of agri- h
altural products are too low in COM i
arson with the prices of other pro.
ucts, but the case i'd sometimes q
yerstated. All agricultural products 10
70 not in the same position The d
,uth had very good returns from its b
'tton crop last year and seems likely u
have this year. Corn is up to about :
'uble the price at the low point, wool
I'd sheep and sugar beets promise Al
od returns, dairy products have oh
en- doing very well and the outlook A
r cattle improving. The Bureau at
Labor index numbers by classes an
r the month of May shows farm en-
oducts at 1879 as compared with 1856 ne
: all commodities, on base Of 100 un
: 1913. The farmer is not going to
free buyer under existing condi- id
ms, but these unquestionably are cid
nporary, and meanwhile the deficit
his buying power is being made up hol
full employment in the other in. s
tries at high wages. "
There is good deal of natural ito
'atience that the agricultural situa- !
4 RECEIVERS so slowly, but the situa bee
/ is due to world conditions. See. on
ary Wallace has recently pointed sur
that the production of most Of the
grains has been largely increased. +
receipts of hogs at Chicago in tou
first five months of this year have hay
q about one-third larger than the feel
esponding months of last year. Yah
conditions inevitably affect pri-
but is must be considered that
increased production of both grain .
hogs has been obtained with very =
Q additional labor or expense.
5 are down in price, but not one an
], and the increased yield of grain is Il
been at lower cost per bushel. The ara
ner in which the big corn crop GUS
lns has disappeared and the price New
rallied is significant of what is n
y to happen with other farm pro -
8. We are producing great
more wheat than before the war, -oo ,
1.-THE carrysoyer this year is very oiip
!. However, the population of the and
ed States is greater by 15,00O,OO0
in 1913, and increasing every
And the same is true of other
ations which look to this coun u.
or food" ~