Indiana daily times., 1921-09-12
CHICAGO REPORTS
IRON GROUP GAIN
By c. B. EVANS.
peciai to Indiana Daily Times
4 II l. On Liz

ana Philadelphia Public Ledger
CHICAGO, Sept 12.-While the United
States Steel Corporation continues to re-
port decreases in untitled oroers and
most of the widely known producers Of
steel are uniting for something to turn
: up, which long has refused to turn, there
are some developments in this part Of
the field that may have considerable
meaning.
The American Radiator Company,
which enjoys a high standing not only
in this country but in Europe, has raised
its prices and now is sWamped with Or
ders. The Kewanee Boiler Company,
having a much larger function in the
world than would be indicated By the
small Illinois town where its works are
located, has no considerable amount of
its own products on hand, has abandoned
plans based on the dullness heretofore
prevailing and will start at once on a
new program. Pickands & Brown, known
everywhere as producers Of pig-iron. have
had business this month twice as great
as that of the corresponding period OF
last year, and its prices are up from SIS
az the low to SO. They have no fur
naces in blast now but their yards con-
tain a large supply Of pig-iron.
SMALLER INDUSTRIES
TO REFLECT REVIVAL.
No ons OF these concerns Is large by
comparison with the United States Steel
Corporation, but all are highly RESPONSE
bic and evidence as TO the condition of
business coming from them Is of much
value. When the grand movement for
ward starts 1t will not be first announced
by he biggest corporations. 1t will be a
result of revivals at many points, an ac-
on the part of individuals in response to
the demands Of their own business For
that reason we cannot expect that there
VIII be anything spectacular springing g
up all of sudden some day like the rise
in cotton, but steady expansion. There
is no revival yet in the iron and steel
interest broadly considered but there is
here and there considerable gain, part
of which is no doubt due to the natural
lift in affairs in the last three months of
the year, when money is realized from
the products of the soil ard when in
he course of their labors the farmers find
that they are short of equipment.
In normal times 1t might be expected
that the great importations of gold into
this country would cause a revival in
business, and eventually these importa-
tions will have an effect, but at the pres
ent time the tide of liquidation is so
strong as to eounteract influence coming
from the precious metal. As slow ac-
counts at the banks are Hquidated, how
ever, ready capital becomes more abund-
ant, and one hears of large boards that
are ready to be loaned OF to be put into
active business. II the abuse Of the too
great percentage of Federal taxation run
ming sgainst large incomes. as COM
pared with the levies on small incomes.
we're abated we doubtless should see
!, quite change in the aspect of American
affairs. There is now no sign of cur
rency imitation. On the contrary the sta
tistics have disclosed for months past a
decrease in the amount Of money per-
capita in circulation In the United States.
LIQUIDATION IN
INDUSTRY SLOW.
But we cannot forget the large um-