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 1 of— 
Geographic 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: 
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 
73.7 
57.6 
56.7 
57.2 
74.7 
77.8 
52.8 
49.6 
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 
Rhode Island 
16.7 
Connecticut 
Middle Atlantic: 
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 
0.6 
6 
East North Central: 
Ohio 
0.5 
"""i.'s' 
0.3 
.9 
Michigan 
.4 
.4 
Wisconsin 
West North Central: 
Minnes ota 
• 1.4 
5.3 
1.0 
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. 
3 4 
South Dakota 
2.0 
4.7 
1.1 
37.5 
8.6 
1.7 
6 6 
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 
.9 
""6.'6* 
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 
2.0 
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 
2.9 
2.1 
2.2 
6.5 
6 
2 
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 
Alabama 
10.6 
2 6 
Arkansas 
4 4 
2.5 
2.6 
1.8 
5 1 
Oklahoma 
9 
Texas 
3 5 
Mountain: 
14.6 
1 4 
Idaho 
9 8 
Colorado 
3.9 
8 8 
27 9 
Arizona 
9.1 
Utah 
Pacific: 
Washington 
1.2 
6.3 
7.9 
9.9 
16.4 
36.8 
2.5 
1.3 

4.9 
1.3 
.7 
Oregon 
1 Rates are appro xim ated to the nearest unit; that is, rates from 5.50 per cent to 6.49 per cent are counted 
i 6 per cent, etc. 
