Show SAYS THE RE SERVE B bib talk ON TRADE conditions FOR NOV industrial and arde conditions were somewhat less favorable during no november aniber than in october 1929 or in november 1928 the credit situation Is still showing the effects of the financial readjustments of lale late october and early november or in other words had the situation got away from us the stock market bust would have thrown the whole nation into a panic such as we had in 1893 1903 and 1907 but thanks to the banks and the big newspapers the people didn dian t stampede except the ones whose tails got burned monkey ing with stocks the agricultural outlook was det def finitely by the rains and snows of early debei ler lor which tol fol loi ed a long period of s ib normal rali tall fall in mo wo t agrical ura ur A areas considering the 1929 agi cultural cult uial se on as a whole crop afo i wa smaller in volume than in arleo u alved on many important crops hie been higher during the last hal cf the year than a year ago total N tta will be approximately the ame i t year ago in dell delt alfalfa seed crop very low in i ie instances as little as one tenth 0 banner ayearst years trade w less active during no vember than in the past few months it was at a I 1 ver level than novem ber of 1928 there was a non sea bonal decline id ia the volume of money in circulation i 11 i november and the first few weeks f december which was in sharp contrast with the usual increase of several million collors during these months in other words just as close to a money panic as it could possibly be and yet es cape that general impression the federal reserve and WE big newspapers are a lotta help to uncle samuel in n running this darned thee shee bang the federal reserve bank Is functioning regardless of its critics and has held the situation tn in hand my what a gamble went on in the stock exchanges of the big cities and bow how many litle fry were wiped oft off the skillet plenty of wings were singed but even at that no panic came and possibly wont come mr arthur J evans tells me that there are some good on the rocks on a mound in the D W russell ranch in tooele county this side of stockton some time in the spring when he goes up that way ha is going to put me in his chug chug cart as ballast and take me up there to get a photo or two F B sr |