New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-31
REIMBURSEMENT of
Trade Brings No
Financial Crisis
Business Probably Will Con-
tinue Good for Remain
der of Year, Says U. S.
Oh Der Statisticians
From The Trioune's Washington Bureau

From The Trioune's Washington Bureau
WASHINGTON, Aug 30.-Gradual
REIMBURSEMENT of Business conditions
without financial disorder or any great
economic calamity is predicted in the
semi-annual bulletin on crop and gem
eral business conditions issued to-day
by the Committee on Statistics and
Standards of the United States Cham
Der of Commerce.
Tight money, unrest Of labor. the
loosened bonds in some phases Of So
cial life, the Russian Polish situation,
the high cost of necessities are enumer-
ated as disturbing business factors,
but in the opinion of the committee
there IS no need to become panicky
over any of these matters.
The committee finds widespread
feeling that business probably will con-
tinue good for the remainder of the
year. "a
>. Amid all the cross-currents and ed
dies of the industrial situation def
mite trend seems to be slowly devel-
oping toward a gradually increasing
gain of supply and demand and some
what lower level of prices" the COM
mlttce reports. "In textiles and in
some manufactures of leather there
has been decrease in production and
lower prices.
Here and there mills have shut
down. Here and there they are run
nlng on reduced time. But it is a local
matter rather than a general PROPOSE
non. What will happen next is excit-
ing much interest and many prophe-
cies on both sides of the question
The automobile industry seems to
be headed toward somewhat lessencd
output Also the jewelry business in
New England is slowing down. Contrari-
wise, mills are busy and full of or
ders. Equally is this true of the metal
lines, especially in finished articles.
The latter are very scarce and prices
are still advancing with no immediate
signs of a decline
"Ihere is much complaint of the in
efficiency of labor and of its scarcity.
though this latter feature crows less
marked. Shipbuilding displays lessened
activity
Gold mining still suffers from high
cosS of production and the stationary
price of gold Silver mining feels the
effect of the decline in the price Of
SILVER The price of zinc is low and
inc demand not equal to the possibili-
ties Of supply. Lead is higher because
OF increasing demand. Copper is dull
because of a supply not vet disposed of
iron mining is good. Phosphate mines
IN the South are doing we'll after
many lean years.
contraction in financial credits has
put 'wildcatting' in the oil regions out
OF business, which makes business
there dull because supplies for drilling
OIL wells are no longer called for.
CONSTRUCTION and building have
hon H. I.
Goal mining, as usual has its flock
of troubles-strikes and lack of cars
being the principal ones.
line promise now, and it is almost
fulfilled, is for 3,000,00OOOO bushels of
corn, 800 900 bushels Of wheat. both
winter and spring. and for a cotton
yield of about twelve and half million
bales. Cotton. however, is not a safe
reckoning as yet. There will be more
oats than last year. and more tobacco.
more potatoes, more rice--about the
largest crop on record More sugar,
both cane and beet, and especially a
hay crop of such proportions as should
have a marked effect in reducing the
cost of, livestock and of dairy and
poultry products.
From every state and section comes
the complaint of the lack of cars as the
greatest of all handicaps to the trans
action of business
while ranges and pastures, save
here and there, are generally in good
shape, the livestock industry is not
in prosperous condition on the whole.
The general statement is that the feed
is much too high.
"Thc poultry and dairy industries
are steadily increasing in all sections
despite high prices of feed.
"The wool market is very dull and
prices arc low"