OCR Text |
Show DON'T WAIT 'TILL PARMER'S PAR-MER'S POCKETS JINGLE WITH THE CASH Many good judges believe that the next boom period will start as soon as the farmer can put his hand on crop profits. As the supply of wheat is estimated to be 40.000,000 bushels bush-els less than a year ago with coming high prcies looming up as a practical practi-cal certainty, the farmer may have his inning yet. which means that the entire country will pick up In response re-sponse to his returning prosperity, observes Sugarman's Indicator. According to U. S. Bureau of Labor La-bor statistics farm products have declined de-clined since beginning of 1920. about 245 to 114 on the averagt from the index compared with the deelhie in house furnishing goods of 372 to 250. In this index, compiled by the bureau, 100 is taken as equivalent to 1913 average price levels. Taking these declining percentages percent-ages in conjunction with the known shortage of farm products In general gener-al it is difficult to see what stands in the way of higher crop earnings for the "man of the soil" on whom the return to normalcy depends more than anyone else. Traders in securities will do well in remembering this basic condition and make their purchases accordingly according-ly while the list of good substantial securities is still on the bargain counter. Once the farmer's pocket is jingling with fresh cash profits. It is too late to go shopping for bargains bar-gains in the stockmarket. which will discount the farmer's jingling pocket pock-et by several months. It always has and it always will. |