FARM-MORTGAGE LOANS IN THE UNITED STATES. 3 



the averages for interest, annual commission, and interest plus com- 

 mission, by districts. It will be noted that there is considerable vari- 

 ation in these district averages within certain States, such as Kansas, 

 Nebraska, Minnesota, and the Dakotas, but that there is a fair 

 degree of uniformity in such averages in other States, for example, 

 New York, Ohio, Indiana, and Iowa. The causes of variation will be 

 discussed later. 



Table 2. — Farm-mortgage loans — Per cent distribution of replies received according to 

 rate reported for interest plus commission. 





Percentage of total number of 

 commission 



replies showing, for interest plus 



, a rate i of — 



GeograpMc division and State. 



5 per 

 cent. 



6 per 



cent. 



7 per 

 cent. 



8 per 

 cent. 



9 per 

 cent. 



10 per 

 cent. 



11 per 

 cent. 



12 per 



cent or 



over. 



New England: 



Maine 



4.2 

 75.0 

 26.1 

 34.6 

 33.3 

 26.3 



37.9 

 33.3 

 32.1 



8.4 

 2.7 



23.1 

 4.0 



34.0 



4.8 

 13.2 

 1.2 



77.1 

 25.0 

 73.9 

 65.4 

 50.0 

 7.3.7 



57.6 

 56.7 

 57.2 



74.7 

 77.8 

 .52.8 

 ■;9.6 

 51.0 



46.2 

 76.9 

 45.2 

 2.1 

 20.2 

 41.6 

 43.8 



62.5 

 74.3 

 52.6 

 79.6 

 40.3 



12.5 



6.2 





















Vermont 















Massachusetts 















Rhode Island 



16.7 













Connecticut 













Middle Atlantic: 



New York. 



4.0 

 6.7 



8.9 



15.3 

 15.5 

 21.2 

 34.8 

 12.9 



26.9 

 9.4 

 30.4 

 16.9 

 25.3 

 19.7 

 36.9 



0.5 



3.3 



.6 



1.6 

 3.6 

 2.6 

 8.0 

 2.1 



14.4 

 .4 

 16.9 

 28.3 

 18.2 

 13.6 

 10.9 











New Jersey 











Pennsylvania .... 







0.6 



6 



East North Central: 



Ohio 









Indiana 



0.5 



""i'.s 









Illinois 



0.3 

 .9 









.4 



.4 



Wisconsin 





West North Central: 



1.4 



5.3 





1 



Iowa 







4.2 

 19.8 

 9.1 

 9.0 

 2.9 



1.8 

 27.0 

 14.1 

 10.4 



3.7 



.3 



2.5 



4.5 



.7 



.7. 





North Dakol a 



3 4 





2.0 

 4.7 

 1.1 



37.5 

 8.6 

 1.7 



6 6 



Nelsraska 



4 







South Atlantic: 



Delaware 





Maryland 



14.3 

 29.3 

 8.2 

 22.4 

 6.2 

 8.3 



2.8 

 12.1 

 10.2 

 15.7 

 63.9 

 42.8 

 23.9 



23.9 

 32.5 

 32.6 

 45.5 



13.0 

 58.2 

 43.9 

 34.2 



9.8 

 35.6 

 17.6 

 25.5 



7.0 

 36.4 

 33.3 



39.5 

 53.1 

 42.8 











Virginia 



.9 



'"'"e.'o" 



20.6 

 27.1 

 13.0 



4.9 



8.9 



/ 16.3 



13.6 



17.9 

 13.9 

 15.1 

 18.0 



15.9 

 34.2 

 11.8 

 21.6 

 18.6 

 9.1 

 26.7 



30.9 

 12.7 

 5.9 



'"'"2."6" 



6.7 



5.2 



15.0 



52.2 



8.0 

 18.5 

 31.9 

 20.8 



59.8 

 13.9 

 22.4 

 29.8 



52.4 

 19.2 

 49.0 

 15.7 

 32.6 

 45.4 

 40.0 



11.1 

 8.9 

 5.9 



1.7 



1 7 



West Virginia 









2.9 

 2.1 

 2.2 

 6.5 



6 







2.0 







1.5 



3 



Florida 





4.4 



East South Central: 



Kentucky 



.6 



45.4 



18.5 



.7 



8.4 



17.2 



20.4 



2.1 



7.8 



2.2 

 1.3 



14.2 

 6.6 



1.2 

 4.1 

 2.0 



14.7 





Tennessee 



.6 

 5.7 

 1.3 



2.7 



5.1 



.9 



6.1 



6.1 

 5.5 

 9.8 

 9.8 

 14.0 



6 







10.6 







2 6 



West South Central: 



Arkansas 





4 4 







2.5 

 2.6 



1.8 



5.1 



Oklahoma 





.9 



Texas 





3.5 



Mountain: 





14.6 



Idaho 







1 4 



Wyoming 







9.8 







3.9 



8 8 



New Mexico 





27.9 











9.1 



Utah 











Pacific: 



Washington 





1.2 

 6.3 

 7.9 



9.9 

 16.4 

 36.8 



2.5 

 1.3 



4 9 



Oregon 





1.3 



California 





7 









1 Rates are approximated to the nearest unit; that is, rates from 5.50 per cent to 6.49 per cent are counted 

 as 6 per cent, etc. 



