The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-18
Cement stock. at Low Ebb.

CoEAilOu% nave inquired STABILITY OF
prices at present levels.
Cement stocks at Low Ebb.
There was fighting chance for such
conditions 10 obtain up to the close of the
first week In this month. First there
came the extremely unsettling Interstate
Commerce Commission order effective
midnight Of Sunday. October 10. At
once the manufacturing schedules of the
couutrys cement plants became disar-
ranged again. although the stock OF ce-
nent In an the United States IN Septem-
Der was only one-half OF what IL was
year ago and only 40 per cent OF what II
Was two years ago. To-day il Is actually
haif a million barrels less than IL was
thirty days ago. and. under the new ser
vice order. IL s. steadily declining. no
one can now tell how far the supply Will
drop. but A is certain to continue its
downward course just 30 long az this
order remains IN effect. Under such cir
cumstanccs 81 Is unwiSe 10 expect gem
eral lowering Of prices.
Prior 20 the receipt Of this order pro-
ducti0n OF cement IN the United States
was on a basis that gave some hope 70
az least price stability. Production In
September was 10 per cent greater than
the corresponding month year ago and
when the war was az its height More
than n .O00 900 barrels Of cement were
produced in nine months OF 1920 than In
the same nine months Of both 1919 and
1918. and the shipments corresponded to
the increased prod uctlon. making n total
% 20 per cent over 1919 and 25 per cent
over 1915: all with the hope OF bringing
about a stabilized market as soon rs pos
sihie.
49, t.....sf....t--.. l...- s...uat...
loan and building material conditions in
THIS market. 10 has merely created "A
desire on the part II many Of those who
contemplated building AT once 90 wait
and see whether the price OF building
materials really viii be forced lower
Little Buying ON Lower Prices.
Within a few weeks the regular winter
covering o. storage charge VIII be ap-
piled 20 common brick This extra cost
always applies a. soon as navigation
closes on TIE Hudson River. Lumber
prices al retail are stu sagging lower.
not because manufactures costs are
lower. but because the dealers In this
vicinity are ovors;ockod and desire TO
unload their heavy supplies There In
very little buying even at tine new low
price levels.
70 walt for stiil lower prices. but II ne
waits until spring he will ind prices
much higher than they are to-day. This
d also true of lime. plaster. cement. oricl.
doth face and common. fire ana hoi-
low. metals and concrete Ingredients.
No basic building material. except brick.
lumber and iinseed oil. have dropped in
price on the other hand. more have
actually advanced than have receded.
More VIII move upward as the freight
rates become Effective on new purchases.
40 one can tell into what condition OF
supply the new Interstate Commerce
Commission order win force manufact-
urerF In relation 20 demand but ~ the
order IL long continued u r. safe 70
assume that the margin between stable
prlcos aud stampede prices VII be- In
creasinaly great a. the margin between
demand and supply become narrower.
Deal on Broame street.
Charles " Moves Company and charle.
r. Cataie sid ~ Hroome street. ad-
joining ue corner % West Broadway. .
four story building. to.ioxstbis. fcr
James NJ. Anders0n. truftee. represented
~ james Vs. Hobertson. attorney. %
f.ahsrtnn CORPORATION. represented ~
san. i'iclscn Van Vorhis A Kiauber.
Lean On oid Beaais.,sa Home.
Charles ~. Van Naien. Inc. placed for
The RcAdler,on Realty Company a loan
81 $4,000 on "a and ss West Fifty
fret street. which 10 fhe old horne % the
Beadieston family. one - the Oldest In
the city To rciisve housing conditions
the old four story dwelling has been
.........s.a 4~an.a. s.s..lm~. -. go