Salt Lake Telegram | 1930-10-25 | Page 8 | Prices of Farm Products Making Slight Recovery, Survey Reveals

Prices of Farm FarIn Products Making Slight Recovery Survey Reveals f t OP l Ir tN t Pr- Pr By ALLARD SMITH SMITH Vice President the th 74 n Union Unon Trust Co Cleveland O. O q One e of ot th the years year's most Zarr far far- r i reaching developments has been tho decline in commodity prices While nearly all nil lines have suf suf- ut cred severe readjustments In this regard nowhere has hils the price re recessIon recession recession re- re cession been moro more pronounced than for tor farm tarm products In lii a n. year t quotations for tor farm products have havo dropped about 24 per cent Cant The for prices of ot nonagricultural goods has been about 1 12 per cent Prices of ot manufactured food tood products are arc down 20 per cent Farm products values have dropped to fo levels prevailing fifteen or moro more morans years ns ago Its It's a a. Ion long road rond which has bas no turning however howe and th tho most recent Index of ot farm tann values showed ved a a. small rise This index lal late In September stood at taking the tle base oC or as the tho average from 1009 1909 90 to tc 1914 In August tho the index stood at IDS tho lowest point in many years Ono year ye-nr ago ngo It was vas Food consumption docs does not vary greatly in fn good or bad times Tho decline of or farm tarm prices s this tills year has reflected largo large world surpluses surpluses sur sur- pluses of or wheat and other oilier products Consumption may bo somewhat acce accelerated by low prices and as supply and demand become bettor better balanced steadier prices will prevail pro Recent indications have pointed to tho possibility that a genuine s strengthening of at farm Carm products prices l is near A