The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-06-28


tithtarn there has been = strongly
e. FIX nu''s,ne m..,r,sis have
rrrstiT et<>need " pr.t- IN the past
{+< t+@f- and that fhIs han tfen re-
f>c<fI4 IN = lroru1nc->t Inrftasf n the
t>.<f ~ rrrsifoffIon. close students Of
tAt situation know. ard have Statistics
10 hack their bt:itf. that his increase
y due entirely - the higher rate on
ban money and a RISING wage scale
ard nqt 10 material costs. ny. ne
Iitrf with bat iuu exceptions In
Ihe can 20 humber aud brick there
u nuw NJ Eftaf advance m prizes over
The nrt-uaf iasti 81 1918.
True. tAtfc have beln vide fiactu.
nIInus a. the MItIIm. bat low. that
prices are again hoidlnG firm IN al
markets. uith but fer e<ccptlona Il
ctn Be clearly shown that building
material production rose and fell with
ne suuE - h business pendulum.
IL hAtinE dropped 10 low points IN
10 ifIe. fuiIdInF prices responded In
the main o. the same causes ~ rising
wages anu ether material cusia| with
the rnceptlpu Of steel construction
ualefIaia Jagged slightly behind prices
81 ather commodities because ~
abundance OF cnumon building mate
rails and competition between nun.er-
Gus uf1dus tfs.
Common brick and lumber we're the
tvs commodities that have morp rap
dly advanced than other materials
and lave held their advance. The In
"a taarl Gust % hammer ard brick -
duo lafrriy 70 the fact thai the chief
cost 81 production n labor. when the
demand l. not sufficient ~eEpcrIaiiy In
the ease u brick. 20 cover the rising
cpet The manufacturer close their
plants and thereby curtaii production
n prevent a~ttfstuckinK the market
Teddy brick ln New york clD u as
pei tuuuHaua. an compared With from
- - " pei thousand seven years ago.
an incrsase " more than foe per rent
Hut brick u the exception m the iist.
even Lumbar failing 10 show such a
startling rise. excludinn perhaps yell
low pine. OAK and maple fosrlnr
oUfr building material manu-
faeiq'efr. Tor the larger part with
thew high overhead costs arc tempted
70 run their plants "a full capacity
sen though they must lower prices 10
wi their entlfc output siru fnrai
steel prices naturally ou'stripped prl.
eea of al buildlne mairrlala - stone.
Indiana limestone has shown the most
consistent strength.
In lIHlinE commodities for their rep
rp4cfIiativr character and their fcla.
ton 10 fundamental building Condl.
ions q summary OF copper. iron ana
steel lead and sneltef has been made
for the period from 1914 % date.
showing The wide ~rluctuatlons that
h. occurred and how there has been
a gradual return to ure-war figures.
IN January ist1 copper .ras selling at
~ cents yer pound. ~ July of that
year II had recsded 20 ffia Ia In
July 1914 u further cased 90 fa5o. the
low level April 1917 found copper at
-. from which poini there has heer
Of is.
The rise aud decline 81 steel hilleis
II even more spectacular In January
1914 op~n hearth bllletn 81 Pittsburgh.
wholesale, sold Tor f3s per gross ton.
tff was the low ARK touched In July
1910 From that month on there came
q steady rise with the entry ~ the
United States into the war until three
years later a .op brought 500. This
abnormal price Uas enIrel, due 90 the
fact that during the war government
nersssaties resulted In what might