RURAL CREDITS 



743 



While in some localities there has been a great increase in the pro- 

 portion of cash sales, nevertheless, taking the business of the Inter- 

 national Harvester Co. as a whole, it appears that the proportion of 

 sales on long credit (i.e., one or more years) to total sales has shown 

 an increasing tendency, especially in very recent years. This increase 

 in the proportion of credit sales is partly due, at least, to the applica- 

 tion of long credits on the new lines for which they were formerly 

 uncommon. 



TABLE LXXIII 



VARIATIONS IN THE RATES or INTEREST RECEIVED BY THE INTERNATIONAL 



HARVESTER Co. ON FARMERS' NOTES IN THE UNITED 



STATES, BY STATES IN 1911 



Table LXXIV, p. 744, furnished by the International Harvester 

 Co., shows the percentage of cash sales and credit sales to total sales 

 of the International Harvester Co. (for its agricultural implement 

 business) in the United States. 



According to this table, the cash sales have shown, on the whole, 

 a declining tendency, particularly in the most recent years. Data 



