Kankakee Valley Post, Volume 3, Number 6, DeMotte, Jasper County, 22 June 1933 — EDITORIAL [ARTICLE+ILLUSTRATION]

EDITORIAL

FINANCIAL SUNRISE FOR THE FARMER.

Economists and practical, far seeing business men, agree that the next £en weeks may be the most important period in the history of our country. It is now apparent that practically nothing can stop a new deal and a new era. Business has “about faced”. Commodity prices are rising--noticeably on corn, wheat, cotton and other essential products of agriculture and basic industries--they will continue to rise, as it is the plan of the present congress to advance the price levels of all farm products throughout the coming months. Indications are that the selling prices of the present season’s products will be noticeably in excess of even to-

day’s encouraging quotations. For the present we know definitely that our dollar will buy more today than it will tomorrow. Clear thinking and careful investment today means additional profits in the months to come. Especially is the upward trend apparent in the products of the soil and in the soil itself. The various helpful measures enacted by the present Congress, designed particularly to benefit the farm market, are already making noticeable advances in land values in both farm and city property. Ten cent cotton was posted at the New Orleans Cotton Exchange on May 30 for the first time since July, 1931. A United Press story from that city says: “It is estimated from records at the Cotton Exchange that farmers are holding about 3,000,000 bales of cotton from previous crops. Hundreds of thousands of bales have moved to market in recent weeks, as farmers took advantage of the rising market and on the basis of the cotton still held off the market, it is estimated that Southern farmers still holding cotton are $50,000,000 richer than they were three months ago”. Similar advances affecting the value of live stock and farm products of central and mid-western states are proportionately encouraging. Undoubtedly the long promised financial sunrise for the farmer is slanting over the horizon.

Now that the government has published a list of those who bought stocks at less than market prices, why don’t somebody compile a list of those who have purchased stocks at more than their real value.