Salt Lake Telegram | 1923-07-13 | Page 10 | Low Interest in Wisconsin Table Shows

of Pennsylvania, . Vermont, Ken Hampshire 'and moat of MuucliU' eetta ranfe between SU te .l pel eent. lLiiia, Qen laajid 0uu(b Car ollna raiif from 7.1 to ( per eent Florida' ratea are from T.l t I per cent. The Paclflo coaat seaboard ol California, Orecon and Washington tie In aa area calculated at from 1 to per eent: the eastern, halt of theee two ataUe averages be Iween . to T per cent. LrtMjIelaaa ranges trom 7.1 te 7.1 per cent; Arkanaae from T.S to per cent. RAIN AND INTEREST RATES. "Physical conditions, auch aa toll, climate and rainfall are Influential, aa direct oorrelatlon la observed between be-tween Interest rates and amount of ftlimtr MlnfAll In m ha. m I'Msl ' liJlSGOlJSIfi TABLEJHOWS .Texas, New Mexico and Montana Par Highest Rates for Loans on Farm Mortgages crop rffinn-v and aleo bMwMa mn-r.UaU mn-r.UaU precipitation and the Interest fmtt In whait reftona," tbe tn-Hitute eiye. Th study of Intereet rsvtee la bain ba-in carried further to work out with exactness tha factor jrovemtnt: Interest In-terest rates, with particular reference refer-ence to tha connection of rata with tha ralua pr acra of land and amount of available local capital. Tha Inatltuta also announced naw totala from tha 120 canaua which ahow that tha numbar of farma in tha nation operated by their owner haa baan Increaslna during; tha laat thirty yea re, and that tna nuitiMr af thaaa "owner operated farma which ara mortaaffesl baa baan increasing; in-creasing; even faater. Tha numtrer of -owner operated farma In 1920 was Ml.OftO; In llt it wax J 4I 7?; in 1909 It was I.-m.40trin I.-m.40trin 1MB It waa 1.141.144 MANY ARE MORTQAQEO. Ta 1190, 29.3 par eant of theee owner operated farma war mortgaged; mort-gaged; in 1900, 11 per cent were aiort raffed; in 19le, 14 per rant ware mortgaged, and In 1920, tna I percentage Jumped to 41.4. I The number of farma operated by 1 tha owners In Naw En si and dropped from 144.464 In 1490 to 140,140 In 1910; tha "middle Atlantlo atataa" MADISOX,, Wla, July 11 (By V Interest rataa on farm mortgages mort-gages ara lower la eastern Wisconsin Wiscon-sin than In any other part' of th nation, and highest In Texas, Naw JJayIcs and Montana. . . Tho figure, ahow a biff Increase lo (he percentage or "owner operated oper-ated farma under SBortcace. These ara tha finding of tha In-awttuta In-awttuta for research In land economic, eco-nomic, of which Professor R. T. Kljr. University of Wisconsin oco , ttomiet, ta director. Figure of tha . 2920 fadaral census war used in the compilations. "In aaat central Wisconsin, where Tha rata U front I f per cent to B per cent, there la found aa Intensive dairy aectkm Inhabited by a thrifty . claan of farm era A foreign descent,'' tha Inatltuta comments. Vvrthar mry reveal a tha fact that from 70 to 90 per cant of tha money borrowed bor-rowed comes from the community. Indicating; a surplus of local capital. In tha southern part of Taxaa tha Intereet rata ranges between 0 and 10 per cent, in moat of fiew Mexico Yrom T O to 0 pee cent; In Montana ami parts of Wyoming; and Idaho, "from 7 4 to par cent, tha report says. Tha rest of Wisconsin, all of Iowa, tha upper half of Illinois and tha aoutheastern corner of Mlnne-eHa Mlnne-eHa are Included in an area In whtrh tha Intereet rata on farm mortgagee ranges from 4.1 to 1.4 par cent. - Nw Tk wwte, th easrtem naif ehowed a similar drop, and tha "east -north central did not change perceptibly. The largest increase waa ahown In tha mountain eta lea, where tha number of owner operated farma jumped from 41,141. to SOS.Slt In this period, and In tho Paclflo coast states, which Increased from 14.174 to 140.144, Tha Increase In tha numbar of mortf.-ijres on farma operated by owners was acuta In tho Paclflo coast, mountain, west-south central, and oast-south antral states. On tha Paclflo coast tho average percentage per-centage of such farms mortgaged j hopped frfra 11.7 par cant In 1490 to j 61 1 per eent In 1920; in tha moun- I tain atate from 1 1 1 tn B? g per cent; In tha west-south central, from 4.1 to 40.T par cant; In 4hs east-south central, from 4.1 to1 141; In tho south Atlantic atatea, from T.4 to 214 par cent Tho New England, En-gland, middle Atlantic,' cast-north central and west-north - central ehowM email Increases. "