OUT COOK: flFOR ] FORTH COOPERATIVES'
leaders in the Cooperative field are ad
vising a greater efficiency '.nd careful
ex-ansion during these post-war years.
During the Par, markets were large and •
many cooperatives exnanded rapidly.Trices
in the United St: tes also rose greatly.
Some of the figures released by Coopera
tive leaders on this subject are:
between August 1939 end December 1946,
American wholesale prices rose-83$,whole
sale food' prices rose 13855 and cost of
living 58$ in the United States. National
income increased 100$.
Prices received by farmers in the United
St. tes in 1946 were up 190$ froiti 1939,
Prices p“ id b,r American farmers, includ
ing interest and -taxes increased 67$.
Cash farm income in the United States had
risen in 1946 by 160$, net income by 150$
':id farm real ost- te prices by 75$.
"rofessor 3utr, of ~urdue University feels
that farm coonerat ives in the United
States are likely to be affected by ris
ing prices in the first half of 1947.
Trices re expected to droVwhen produc
tion catches up with demand.Cooperatives
v.ve been warned to be cautious in expan
sion and not to mistake the next year or
two as a new permanent level -Of economic
activity. A strong financial position
should be maintained,"needless -risks a
voided and debts paid.
(Gleanings from the "Co-on" Uagaainie)
The CC&CP also contains another interest
ing chart on rrice trends in Commodities,
Common Stocks and Earn Trices during the
period from 1910 to 1946.
In 1920 farm prices &: eommodit ies were.up,
but stocks v;ere down—a degression follow
ed.
In 1929 stocks were exceedingly high, but
commodities and farm prices were down—
a depression followed.
In 1946 farm prices are higher than at
any time during this period and stocks
and commodities are still on the up trend.
In commenting on' the chart by E.R. Bowen,
the writer asks, '"‘Tiat is coming next—
and when? In 1910-20, government shinned
our 'surplus’ goods'abroad, took notes in
payment; in 1920-30, the'some process
brought bonds; in 1930-40, we took vgold at
an inflated price—and buried it; since
1940 it has been the sane thing called
"lend-lease." Each time we added to the
foreign credit, but th? bills have never
teen paid. Each time'we' jacked up domes
tic credit—and the people’s debt. The
result—even though undited, is- inevitable.
"'latch yoU! debts, your receivables, your
inventories, your facilities expansion."
Also, according to all we read, Co-ops
are in for a lot-of opposition in the next
few years. Bills are being introduced in
St ‘.te Legislatures attacking'Co-ops. This'
has h.opened in Ruisas, Ohio,ITorth Dakota,
and Carolina,A tig victory.was gained in
the minnesot’ Supreme Court. _
' SSES LEA7E AIT0H0HAG3
LEAVE FAIRBAUES for AECF0EAG3
CIRCLE LOSSES LEAVE FAIR -AIBIS
YO'TDAYS A. THURSDAYS at 9: '0 a.m.
::onb-‘ys & Thursdays at io-.oo a.m.
TEDi'RSDAYS and SATURDAYS
CAB 07JICB
univERSuy
FfllRBOriKS - -
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835 SOUR?!7 AVZNU3 ~iON3: Red 180
By
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