Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1916-03-02
Scarcity Of Raw Materials Is
Noted in Many Industries;
Increase Of Cotton Acreage
Is Predicted,
AUTO MANUFACTURERS
ARE WORKING OVERTIME
Advances in Wages and Short
age Of Labor Shown in
Many Sections; General Era.
Of Development Is at Hand.
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Washington, March 1.--Generally
good business conditions throughout
the country are reflected in reports OF
federal reserve agents made public to-
night by the federal reserve board.
Growing scarcity of raw materials
used in many American industries is
noted, however. and the southern
agents predict an increase on cotton
acreage this year unless steps are
taken to prevent it,
The Boston district reports trade
generally in continued activity with
the uncertainty as to the European
situation restraining undue expansion.
Unrest of labor and increasing cost Of
raw materials. however. nre said to
be disturbing factors.
From New York comes the report
that there are more products and
workers in that district and that the
industrial activity there is of record
character. Manufacturers Of automo-
biles, tools and firearms and the
rolling mills show the greatest in
creases in production. On account
of scarcity of raw materials, how
ever, some houses anticipate short
age in merchandise stocks.
Lack Of Dyestuffs.
Steady and substantial gain
throughout the Philadelphia district
in practically all lines of business, is
announced. Lack of dyestuffs is not
ed and raw materials are said to be
advancing in price. Steel mills and
ship yards continue busy
General advances in wages and
shortage of labor are pointed out as
features of the trade situation in the
Cleveland district. The labor short
age is said to be regarded as critical
in several industries.
The Richmond report describes
conditions throughout that district as
good, and points to railroad construc-
tlon, increased manufacturing and
new credits extended to back UP the
statement The cotton acreage in
the district, the reports say probably
will be slightly increased this year.
Although February is said to be us
ually quiet month in the Atlanta dis
trict, the report says there has been
very little lessening Of business ac-
tivity.
Scarcity of unnamed basic raw ma
terials the Chicago agents SAY, are
receiving the earnest attention OF
manufacturing industries dependent
upon them. Reports from the farm
ing section indicate a reduced wheat
acreage this year. but the farmers are
said to have an increased purchase
ing power.
st. Louis Prosperous.
St Louis reports a degree of pros
perity unknown for several years
Cold weather has retarded grain
shipments in the Minneapolis district
and to a considerable extent the lum-
Der and wholesale business. Car
shortage, the report SAYS is causing
difficulties. Prospects for the spring
are called excellent
Kansas City reports railroads tax
ed beyond capacity owing largely TO
shipments Of last years grain. FIRST
indications that the wheat crop may
have been injured by the unusual
weather of the early part of the year.
have been offset by later and more
encouraging reports.
Conditions in Mexico, the Dali
las district reports, have stimulated
business in all lines in the western
section.
The weather has damaged the WIN
ter oats crop, and there is said to pe
a probability that this will lead to an
increase estimated at fifteen per cent
of the cotton acreage over that OF
last year.
San Francisco reports there mas
been little change in conditions. I'M
norts through that port for January