The Bismarck Tribune Newspaper, January 3, 1927, Page 8

¢ MONDAY, JANUARY 8, 1927, BiG PRICE REDUCTIO BEULAH COA uf. PER TON DELIVERED IN LOAD LOTS . WACHTER T x £927 OUTLOOK ENCOURAGING, SURVEY SHOWS Moderate Decline From 1926 -Javels Would Not Mean End of Prosperity Era -In a summary of the year’s busi- fess, emphasis must be placed first of all on the exceptional degree of Prosperity enjoyed by nearly every Major economic group in the country, tes the current issue of the anty Survey,” published today the Guaranty Trust Company of w York. “The most striking fea- tare of this prosperity is that it is Nalin more than ‘prosperity’ in conventional economic sense of pe business, large “employment, prices wages and increas- fn tank loa: the “Survey” con- tinues. “Under such conditions large Basiness profits almost invariably prevail; but wages and salaries, while generally moving upward, often fail to keep pace with the advance the cost of livi so that the pur- ywer of some groups lags behind it of others. It is-chiefly inj this respect that the a miéstic situation is remarkable. 1 risen to new high but the cost of living has comparatively little in the last five years, and during the great- @& part of this year it has actually -been moving downward. aeneoaresing Outlook for 1927 the wide distribution, even. more ‘Yan the volume, of the public’s pur- chasing power justifies the expecta- n that business will continue ac ye and underlying conditions gen: erally sound during the comit xe not to be sxnesied that ; growth maintained during Tagt two yea: initely. Es try’s business, and that th Fr now existing could, under bet- roduce more, DIVERSIFIED FARMING HAS PREVENTED NORTHWEST AGRICULTURAL DEPRESSION IN 1927-N. D. IS RAPIDLY CHANGING Diversified farming has saved the Northwest from agricultural depres- sion in 1927, which might have been caused by “spotty” crops. Minne- sota will “ride prettily” through the year, mainly on this account and so will her sister states the Dakotas, Montana and part of Wisconsin. This. in substance is the forecast given by several of St. Paul’s whole- salers and jobbers. There is no boom to be expected, they assert The coming prosperity is simply the result of a combination of diversified farming interests and the excessive amount of moisture in the ground, due to the heavy rains of last fall, they declare. Benjamin Sommers, president of G. Sommers & Co., wholesale dealers in general merchandise, commenting on the 1927 trade outlook, said: Diversification Saves Farmers “The jal failure in this ection has emphi jue of versified farm ties containing herds, and stock, there is v talkiof poor business. and Stories come to us rij farmers who get mont! from $100 to $150 from eries and at the same wives earn eno! from poultry eggs to buy all the family necessities. There is no talk of hard times, there and when country. busi is is g it reflects in the wholesale business. “Very few people realize how great a proportion of Minnesota has chang- ed from the one crop method to this diversification. It is alsé true in sec- tions of North Dakota, largely the ry wf times, case in Wisconsin and to some ex- tent in ghe other . adjoining states. Stock has paid and although it was shere ntire St. Paul trade ood bi will ing nothing to jus- tify an excess of sane ting at its ae, jorth Daketa in Good Shape Charles W. Gordon, president of Gordon & Fe wholesale hat- ters and furri ta declares business iting better every conditions are west. “The crop de- year in the No pression will have an effect on South Dakota in 1927,” he said, “but North Dakota, Montana and Minnesota are in good shape for the entire year. Diversified farming. has proven the solution of the troubles of the North- west’s agriculturist.” Roger Bhecers prouident of Finch, Van Slyck leConville, le dry goods merchants, said he doesn’t look forward to good business during the ‘first six months of next year. “However, the amount of moisture contained in the ground right now augurs e: ingly well-for a splen- did crop and the amount of business done in the cities during the past six, months will completely offset the dearth experienced duri the first, half of the year,” he Mr. Shep-' rd also commented fact that diversified farming has proven and will ¢ontinue to prove the N “On tl ¢| basic fact of large and widely shared purchasing pdwer, reflected in full employment, high wi levels, active retail trade and small commercial in; ventories; a strong credit situation; a highly liquid condition on ee slow FOR- Tots ‘to follow. the restoration of sound financial, conditions; rem “7 efficient transportation service; and special factors, euch the ex- inditure in this country of funds Borrowed by foreign industries, As for the influence of ‘declining com- modity prices, the experience of the past year has amply demonstrated not neces- esitancy on » while i abi sual in’ periods _of prosperity, may o rate Ro prolong, father than cur- tail, the present term of prosperity. Active ; ) Production Distribetion 5 nee peck laa a whole hae inane | ewetve months: Discount: maller than @ year this dec! is more than offset by in- creases in the amount of open mar- ket purchases’ and in holdi Government securities. Note circu- lation and depos increased very moderately, while @ more pronounced gei total. being about: fg year aga. , most important change in the condition of r er banks. of the Federal is th continued increase in the time deposits, which ‘is no by $437,000,000 than Loans and discounts by __ $290,000,000, ines in loans against se- Investments have posits ha di de- and baeomaient ae the Federal serve ban| 000,000. “The ition ‘of the stock market is probably strane thane. bin i prices have» possibly even surpas: then ailing, there are | evidences that the deeply lation than ight- greater B ear have’ inereased notwithstanding’ RANSFER COMPANY — PHONE 62 noteworthy that most of the prin cipal “commodity groups show 8 the general movement. factor beari ‘As able future trend o on the bi Phe slow downward movement of prices appears to strengthen the outlook for a continuation of preaparisy In jence: some directis will be impaired and ent 3, no doubt, confi rise re- icted by the gradual decline. Such ywever, threat low recession, a little in the way invento particularly at a time when los: yusit concerns in general are carrying on very large volume of business with minimum of investment in stocks of goods. preciation cet e absence of price .ap- rtainly reduces the in- centive to speculative bu; @ prac: tice which would easily resu! in dis- er under present conditions, with country’ normal. enforci MAKES SURVEY conmeree. Industry Increase OF OUR MORALS|= "s gold reserve al ab-, high figure and subjetc to juction at any time,” REFORM HEAD |: e morals of the ways Tings is shocl udies f oughly ‘accepted has ‘no’ them. 0 the histo: ial days an been itamodesty. tion it isn’ ‘Th not ch: OF chastity, imeneds lesty in sex sug- ago, had- an-immoral-. ; today. it may. look like-sin, sin, thi Ci and “worse.” much “wor of Elisabsthan' is shocked atill| WP °, eat 3 ‘genera- rds iil ng, mi d stealing, lac! fostion. mal-adjustment as to re- jigion or the provediing eer con- ventions—these bar sinister of they did yesterday. tomorrow. is ‘the oommpner einlined as It of immorelity ire for -bI the Fetter cee ngs immorality today and sf they wil eth th r=] thonght...of pects. e “The great: inland: empire of the rthwest, stretching from southern innesota and western Wisconsin to the mineral-filled mountains of Mon: grain-laden self the title of the most pro- gressive, most productive and most attractive section of America,” sai a recent article in a Twin City pa “In the rich and varied resources ‘of the great Northwest are found in abundance all those sige to basic products even to foreign “Tourists from all parts world visit the Northwest every sum- mer to renew health and happiness in the natural scenic wonderland of lakes. and its and streams and ing farm inc ~*“Dairying, livestock raising, rod poultry and bee cultu: ent ‘the came to America with of ibiton, has m4 cation .of machinery, of Binds , strange, b; ii fact are SPOT OF fe| get it , power i Rs ee ce winn t Soom AILED ENTIRE U.S. Higher Land Prices Predicted “These states are just emerging from the old bonanss grain growing’ ‘icultural paper states whi rom a8 id| crop” basis to diversified methods. “An unusual Pale i in the Da- kotas is an almost inexhaustible su; coal, much of. it lyi 30 close to the surface that a pick shovel ae the only tools needed to! pi : ote churches, railroads and. highways: have been built to su completely the needs of an alert a forward ple. “Picture, then, this fertile | North- irom southern is won or lost at the races is a di- rect’ drain upon’ the tills. of: busi- ness. A tremendous advance has been made in the curbing of the drag traffic and of the “social evil.” Drug addiction . is nothing like as: com- mon as it was a few years )» ane we definitely know that society is on the right track in its efforts to deal with this evil. The “social evil” is less of an oe thing than ot. before. While ” face as a lure to disease and moral and ntly the ten ear- reli- syoung assai with various charge fact remains that there oie es a a Ba H ere is: pl Ais: nos flaunted in anyone's | gious and social duties as eters were ind gir) the social confines of the last dec- ade are running -around investigat- ing life, and no doubt in a few id} years will present us with mew and: more acceptable social The danger is not we will lapse into morality as. that sot xcesses of e day may cause reaction to- ward a very real Puritanism, ‘mak- ing for harshness intolerance during the next. generation. tandards. much that jedden im- Bald-men are brainier than. those with luxa hair, seosesing. $9 a moted ac! who believes that the [oe] of absorbs a large quan- of energy. :