Show STAPLE BUSINESS OUTLOOK FOIL FOIt 1923 j 1 By Chas W. W Vai Waiter et r II S q The most notable feature of tile the g general business conditions of the United States in the past month was was' the setback of bull speculation in ill ingrain gr grain grair iu and sto stocks ks Does me tile decline in grain prices mean that the for farm fai I pr products ducts in the conning coming year ear is less promising than it il han appeared or Ol the decline in stocks mean that that- thata a change is impending that will a affect the earnings earning of the corporations I I It is not lot believed by ec economic c au authorities authorities' au- au that 1 of a. inferences infer r- r are are c correct t. t r Tie lie le prices farm products will wil be determined mainly by the tune the I sue gue t r o of 1 U ie e crops crop's crops which are yet to lO OP be p. p made mado but it if is is certain that the ovel of over earr of or up- up up- up into the luw trot crop year e r will no tie below a v Tara Musi- Musi I ne fleet nei l is is' not going t 1 to b b. b poor in t the Ur iCa cd States it If th ra fH r are I 1 well for their seasons season's labor and and nothing IllS his has oc occurred occurred occurred oc- oc I as yet to to indicate thai t this s swill will not be the case case On On the tlc contrary con con- the d developments of recent recent months have been favorable upon n this point The corn arid and hog situation lias has illustrated ll- ll il the natural play of econom I ic is forces several over several years In 1 22 1921 22 21 corn under the influence e of several large crops and a limited demand for Ifor feeding purposes wag wap depressed and ancI hogs were profitable This stimulated d the ho hog production which was carried too far slaughter slaughter- ings passing all previous records In 1923 and 1924 Prices gave wa way under the load the farmers applied the corrective sending sows to slaughter in such numbers that that the crop of pigs in ill the fall of 1924 fell off about 22 The short corn crop of 1924 caused the marketing or of miniature immature animals and although hog prices began to rise last summer summer sum sum- mer heavy receipts retarded the movement The past month however how however how how- ever th tire the scarcity y resulting from premature pre pre- mature marketing appeared and hogs rose about per per hun hundred red weight Cattle were or unfavorably bly affected in 24 1923 by by the low for hogs and the depression was prolonged prolonged pro pro- longed by a short corn crop which discouraged deeding operations In recent months the cattle markets have shown improvement and the opinion prevails that this year will bring better prices to the cattle in in- There is plenty of work for tor everybody everybody every every- body in the right place tine endless wants of the population assure that The problem is io to get ever everybody bod in in to the place ilac wll where re Ills labors will wm count for most in the general system system tem of industry This is a act accomplished tom om- om by allowing economic conditions conditions condi condi- to govern The entire indus- indus organization is kept leapt In balance and adapted to changing conditions by economic inducements and economic economic economic eco eco- pressure Prosperity is a state of balanced industry |