Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1927-06-24
PREDICT HIGHER
PRICE FOR GRAIN
GOOD CROP PROSPECTS MAKING
NORTHWEST BUSINESS BETTER
SAYS REPORT
Unfavorable Growing Conditions In
Southwest Almost Certain to Reflect
Upon the Market this Fall and Increase
Farm Income In Montana

A decidedly brighter tor is being
painted In the business picture Of the
northwest due to the continuing favor
able prospects for the coming crop and
the price advance IL bids fair to enjoy
due to lack of competition from other
sections, according to the recent mark
ct review issued by the Wells-Dickey
company of Minneapolis and Great
Falls.
the business situation shows little
change. Wholesale trade is reported as
declining In volume with retail business
slightly expanding. Check payments,
however, have been consistently larger
during the last month. indicating a
healthy volume OF business.
The increased purchasing power of
farm products recorded during May and
the fact that European buyers, whose de-
mands are constantly increasing, are re-
ported to be greatly concerned over the
unfavorable crop reports from the Amer
lean southwest n looking with unusual
interest at the more favorable news from
our own section are held by the reviewer
to be the principal reasons for the better
business conditions now in existence.
1.-THE consensus of opinion among OBJ
servers appears to be that we are and
have been in a prolonged period of sta
bilized prosperity" the review asserts.
This is based upon the excellent gen.
eral employment conditions and high
purchasing power of the country as q
whole, due to the earning power of the
working class. together with the fact that
there is practically nc ov~erproduction and
that present day to day business is based
on day to day needs. AT any rate the
may be taken from the fact that it seems
physically impossible for any Of the old
time violent reactions to take place.
Abroad several rather interesting de-
velopments are observed. The Chinese
situation apparently Is settling down tc
a negotiating basis n the three lead
ers are disposed to compromise and may
settle their difficulties n bring about
peace in that country at no distant date.
1t is apparent that both north and south
have a far more modern outlook than
ever before and are ia accord in their
desires to bring out OF the present chaotic
conditions a unified China whose rapid
requirement of civilized habits means,
II anything. a tremendous buying power
thrown into the balance with the pos
sibility Of bringing with it greater pros
perity to the world for a long period of
time.
IF such a situation could be joined
up with a similar one for Russia we
surely might hope to be on the eve Of
an era Of peace and economic welfare.
But, unfortunately, the Russian situa-
ton appears to be about the most serious
OF any Of the present moment following
the disruption OF relations with Great
Britain. The world can never be in bal
ance while SO great a part OF its surface
and 80 large a number Of its population
is isolated as Russia has been for years
from the world marts. Perhaps after the
English have had a general election some
of these problems that are most irritating
now may be reviewed with greater calm
ness n as a result a bad situation i'm
proved.
"The money situation shows compare
tive stability and no important changes
In rates have appeared lately. TIL bond
market continues strong but very sensi-
tive to the slightest fluctuation in money
rates"