Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-09-15

ON the 18th it was 573s. Oats on the
10th was 1875; on the 18th, II. Corn
OH the tenth, &c. and on the 18th, 35.
Hogs on the South st. Paul market
OH the 10th were, high, 40; on the
18th, 4.40. Calves on the 10th, $50,
and on the 18th, 900. Butter, high,
New York on the 10th was %; on the
18th, 10. Chicago Early Ohio spud
market on the 10th, 721a, and on the
18th, 20. The facts and quotations
hardly backed up the administration
claim of better prices. The govern
ment is spending millions of dollars
to furnish the public information on
commodity prices; it seems this is
being used for political purposes rath-
err than presenting facts.
For anyone familiar with farm
commodity prices it is hardly neces-
sary to say how absurd the admin
STATIONS claims are and how utterly
misleading and jumbled.
1t is my opinion that the admin
stratiOn will do anything at this time
to mislead people as to the actual
state of affairs. They bank on MAX
ing an impression that things are
actually picking up. This of course
to re-elect Mr.. Hoover at any cost
They have even gone to the extreme
of suspending foreclosure proceedings
for sixty days wherever the National
Bank receivers are concerned; this to
tide over until after election. All gov
eminent statistical Information seems
to be prostituted to one purpose of re-
electing Mr.. Hoover. The people will
have very little opportunity to ascer-
tain the real facts and for anyone
who, even in a meager way, can pre-
fellowmen a great service. l dare
say none of the AskOv American read
ers are so timid or ignorant that they
are afraid of facts The only way any
evil can be remedied is to get at the
root of the evil and take the necessary
remedial action. Putting ones head
in the sand will not help. ie'
To those who follow the New York
stock exchange it is not necessary to
say that most stock has gone up
recently, but on a close diagnosis it
will be found that there is no real
economic reason for this. They are
being forced up artificially. Certain
facts back this contention up. For
instance car loading reports are fifty
per cent of normal; the steel industry
is functiOning at 16 per cent capacity:
the copper industry is hardly pro-
ducing; the lumber industry is de-
moralized; approximately 100000
men out of work and last but not least
the farmers are totally unable to buy
or pay for anything. How can things
get better at this time?
The thing that is causing the stock
market to boom temporarily is the
money let loose by the Refinance Cor
poration, this money was intended to
furnish employment, but it is my can
did and unbiased opinion, it is being
used by our better minds to boost the
stock market with. l might say here
that the Refinance Corporation was
sugar coated and put across on the
assumption that it was primarily to
be used to refinance the farmers and
small business. In the various reports
for this corporation you will notice
that most of the loans have been made
to small banks, etc., that is the num-
Der OF the loans. This is very mis-
leading, as most of the actual money
seems to have gone to the big fellows
For instance as far as l can learn up