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Newspaper
Athens Messenger
Location
Athens, Ohio, United States of America
Date
Jan 19, 1932
Page
2
Ralph B. Wilson argues the 1929 to 1931 decline resembled a car skidding downhill but notes signs of a turning point in 1931 and predicts 1932 will bottom out with gradual recovery. He cites banking stabilization, potential mergers, adjusted quotas, and political changes in Europe as factors shaping the outlook.
A historical outlook notes rapid growth in the trust business of banks and trust companies in the United States from 1929 to 1930. Appointments as trustees rose 44 percent and the value of properties in living trusts climbed 67 percent, with life insurance holdings in trust reaching about 1.56 billion and total life insurance under trust equaling four billion dollars. The article traces the expansion from 35 trust institutions in 1875 to 4,247 by 1930, cautioning that most assets are eventually distributed per wills and trust agreements rather than permanently immobilized.
The article argues that resolving debts and reparations, notably Germany’s payments, will shape 1931- era trade prospects. It cites improved domestic finance in the U S, gold flows and a shift from the gold standard by some nations, and a mixed industrial view with auto production down before model changes.
Prices for hogs cattle and sheep drifted to new lows in 1931 amid record supplies and weak demand. Hogs slid from a January peak of 8.50 to 4.10 per hundredweight by December. cattle topped at 14.25 in January but fell to 8.00 in May. sheep traded from 12.00 highs to 5.65 in December as receipts rose across the year.
The Pomeroy district salt is famed as a top meat preservative and demand should rise as pork prices stay low. Salt plants are well stocked but will likely empty bins soon, boosting business. Coal lags due to mild weather, while Meigs County farmers stay resilient with dairy and crops. political activity may lift industry and circulation, though outlook remains mixed and uncertain.
CARLSBAD N M January 19 Development of the world's largest potash deposits will begin after a narrow gauge railroad from the deposits to United States Potash Companys Refinery near Carlsbad is completed Officials say the deposits could meet all domestic demand The work continues though fertilizer demand has waned and potash refinery activity has slowed Co B Zabriskie vice president noted ongoing development will proceed despite reduced agricultural and industrial activity.
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