Ogden Standard-Examiner | 1920-10-31 | Page 36 | Two Keys Will Speed Business

BWgg MB m TWO KEYS WILL SPEE0BU1ESS Stimulation of Buying and Better Bet-ter Financial Conditions Foreseen By JOHN v mid, Financial ICditor, Iron Trade Rpvicw. Tiro keys which eventually will unlock un-lock the door of business recovery, are belnj; shaped by forces now :n Work 'ne Is a level of prices which' will strike consumer.! as reasonable and stimulate buying The other is Improved financial conditions. The financial situation lias been proven fundamentally sound und able to bear up under the severe lest of rommi.T.-lul deflation now in progress. When thi Crop-moving strain Is removed re-moved from the banks, around the first of the year, the result should be reflected in freer loans and low'ei 1 aces in the meantime prices continue 10 , tail, accompanied by sl'impiiiK business, busi-ness, shrinking profits and earnings, and Increasing commercial fullures. 1 1 hes'e developments are sowing pessi-; pessi-; mism among (hose who are suffering losses in ihe last analysis however. they are corrective forces which alone lean work the cure of unhealthy in- llailon. Dl PI l ion i St EN. Some commodities, Including hides, rubber und copper, have been carried car-ried to pie-war levels or below. Other are still 100 tier cent or more above and the average of all prices ftj over 80 per cent above IMS. Tin trend Is inward norniLi relationship between values. Pntll this is restored, no workable work-able basis Is possible. Deflation hao InVaded lush price si roiiKhoIds. f-thought f-thought Impregnable a few weeks ago. ! Among them are lion and steel, white pnpe; and petroleum products .1 I ;) INM.t ESSCE. rhi outcome of the election next L Puesday 1- not likely 10 exert anv mi ir.iiioriaru Influence 011 the immediate business outlook. The process of ieezii g war inflation out of prices I 1 ffuidi d by economli . noi polltli si E considerations ' 'AL PR ' - LOW1 R. I Lower coal prices in promii .1 t,- the meeting 0f COfti ODemor. ,,. country ai Cleveland this week. Latest Lat-est reports show coal pri.ductlon Is establishing new records for peace 1 "' 1 Insure ; an ample sur'idv 1 this .winter. 1 PORTS. Approval of a plan t-. form a $100 -.000.000 export financing corporation 1,1 bankers last week wassan Import-am Import-am stO)) to sustain American foreign ' 1 '" Septombi 1 . itporti al $606 000 1 "0H we., K-..0,,, ,n0l. lhAU V) ' I list. Imports at $369,000,000 showe.l n decline of 8150,000,000 from thi J 01 fore. . :0t II men h . rpi mi ,1 a $12.000, orporatlon to timuiate .in 1, 1 .;,, : K 1 d nan:; Jr' i V'",'" woanher, pries mcertklntj .and diminished purchaslns power 1 huv. combined to hit the retail trade , this rail, ii ii. ci tlmated that retail stacks are if per cent more than one year ago. Rela'ilers have reduced h'-" buying 10 oer cent. This M atlon forecaafa further pronounced " ' tons to the public. v.d- dlt.onal i.ecllncs in colio.i Roods have I been announced. Cancellations : n-. M.11 causing curtailment and unem-j unem-j Ploymcnt at textile mllN I : OTBING VVUl) a .,l0ck ol unsold wool In ii,.. world sufficient for two or three years supply uncertalnt, i ,:,r oome clothiers announce todav thav StofalVTte S:'M houf, inuj rail, a large men v ,. . ,, ... k eturing hous, has poi , g ' ' Prlng and tisnn - lihe, on lh I " '"" h 1 rvlsed Its , iO AID CUBA I' Aanerlcans banker hav, agreed I til I , ,1 ' in BUa" market. v0 I 1,1 1 " extendi .1 to malmein I " ' relj to fjn " H ihe marketing of the sugar cron Cubs I ro M i. i, , . " ' nM 1,etn extensive, indicate other mora tor la may be ev Pecked, a inor.uorium" meanis posN '""""" " time whei (K bi comfe payable 3 TUIE sin ITttx . At 12 cents a pound raw lubber is ' LJ ' '" h'wory. Zefore in v- r ,'-r-r l "' factories continues and '' ' . " ' "".onncemcn.s 1 v hn are expec'tcd -no.-ile Ms e;br,.r',0tlUCtl0ni .... 1 XES HIGH the secretary of the treinnrv k announced that taxes TwT- ' h'is 5.5qo;ooo,coo on h l hi,3 r Wcre foi Some yearscome thSffnot '.lower than 84. 000. 00 0.00 0 1 1 , a