The Detroit times., 1917-11-12
BUSINESS
IN DETROIT
EXCELLENT
Lines Not Connected
With War Activities
Booming

Altho war orders placed IN De
troit amount 70 more than $3.50
GOO. GOO, thus creating tremendous
additional Industrial activity me
most notable fact in connection with
review OF general conditions az
the present tiEe 81 that "a greatly
increased volume OF business Is
featuring many lines on a basis eN-
elusive OF the war. SAYS The Detroit
Real Estate board statement This
IL accounted for somewhat by hiSn-
or prices. bur tie general volume of
business in lines not directly arect-
cd by The war stimulation has ~.
creased considerably and n many
instances. Is lar above normal
Thus Far war orders placed Tn 10
troit have been readily absorbed
They are being handled pr'ncipail
by increasing The man power OF rec.
tories and with the aid o. ADDED
efficiency
In practically every case where
an addition has been made 70 an
existing plant because ~ war orders
il is found that the enlargement had
either been planned previously OF
provision made 10 operate the same
from the standpoint OF normal bust
ness demands. Authorities on the
subject say that as yet there are no
definite indications OF a superncial
Industrial situation growing out. OF
the present condition ~ things. IL
is well known fact for instance,
that motor-driven vehicles are now
considered economic necessities and.
therefore. must be had az all times
in the future.
Therefore. automobile factories
producing war materials now are
doing SO az The sacrifice OF their
normal business. in many notable
instances, end wiil be able 70 turn
20 II whenever war business gives
out. This Ia true n many other
lines OF industry The biggest prob
lem continues 20 be that Of labor
even the matter OF obtaining ma
tsriaIs being dependent upon the la
bor eupply. Wages are high and
work is assured for an indefinite pc
Rod. With many millions OF dollars
forthcoming az regular intervals ID
the future for payment OF war or
ders, bankers are confident that
there will be more general prosper
ity than ever before.
The boards statement continues
MONEY and BANKING--pemsnd
FOR money Is active around per cent
Banks have been under considerable
pressure because Of Liberty bond
activities, requirements OF fnanutac-
turers taking advantage o. avauaole
war business but needing funds Tor
operations and the de-
snands OF normal lines "a business
Bankers contemplate an Inflow OF
money IN the near future IN pay
ments on war orders now being fltied
and thiA IA expected % relieve the
situation considera bly,.
INDUSTRY and I.ABoR-sk'iied
labor continues short ~ tho demand
and there ls plenty % work fcr labor
in general construction lines some
new industries which have been ~
process o. construction are fast get
ting 70 the stage where equipments
viii be erected and everything made
ready for the occupancy ~ labor
Employer are preparing for THIS tF
y ranging for considerable labor
supply from outside points Wages
arc firm and. In some respect
higher
signs ~ rall congestion during fle
past two weeks hut traffic author
titles are confident tnat q aama- rs
condition win he avfrted b1 present
CO. operation between the various
roads and augmented by sj,hFtartiai
additions 70 facilities. Lake shipping
has progressed 90 the point whore
last years record tonnage bids n
Go be exceeded.
GENERAL BUSINESS There has
been little change IN commercl al
business during the past month with
the exception ~ stimulating tend
ency in some Important lines iIXu-
ries are selling about the same and
while buying is Of a substantial ma
tUFc there appears 20 be no intention
on tho part q the public 70 retrench
REAL ESTATE and BUILDING
Some OF the most important deals ~
the year IN Industrial properties have
been contaminated during the past
month. Building permits figures for
tho month show distinctly that build
ing operations are Increasing MANY
new additions arc being made 70
plants and home ron
struction shows an Increasing tend
ency.
Bishop samuel FaIIows. 81 Chicnzo.