Reports from the West confirmed earlier predictions of the far-reaching effects of the recent rise in wheat prices. Through most of the wheat belt, the current crop is in good condition, while the marketing of Winter wheat at high prices is proceeding briskly.
Rural banks are first to benefit. Old loans frozen back in 1921 and 1922 are gradually being paid off. Indeed, bankers predict that small local banks are sufficiently supplied with liquid funds to finance the movement of the current crop without recourse to New York, Chicago and other surplus money centres to the same extent that has been...
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