The Washington times., 1921-04-16
EMPLOYMENT IMPROVES.

EMPLOYMENT IMPROVES.
There was better demand for
crude oil and gasoline. shoes and au-
! tomobiles. The consumption of raw
cotton is indicated to be the largest
since last September.
The employment situation is more
satisfactory, more Than one-half Of
Detroits large Industrial population
being back at work.
Bank clearings, according to Brad
streets, aggregated $6,107 i SO, 900 at
: fifty leading cities, showing a loss OF
9.S per cent from last week and 500
per cent from the corresponding week
ast.year. New York clearings indi-
Gated drop of S5.1 per cent from last
year.
The coal and coke trades were quiet,
although little furry is reported 20
have been caused by the British
strike. Soft coal Is said to be selling
below cost of production, the price
at West Virginia mines being $3.50,
and Mt Baltimore, $5.70 for good
bunker grades. There have been no
mine wage cuts. but production Is at
less than half capacity. The anthra-
cite coal production still shows up
well, with shipments of 5.I37,771 tons
for March, compared with 5,966,1O1
fin February and 6.077. .O0Osin March of
last year.
The lumber trade reports transact
tions about half of normal. depsite the
report that 1000. 900 feet have been
sold at Portland in one deal.
COMMODITY PRICES LOWER.
Commodity prices. according to
Dun's Review, discloses sixty one de-
cEnes and nineteen advances this
week, in wholesale quotations. maxi
ling the forty y-ninth consecutive week
rredominated by price recessions.
,Bradstreets weekly food index
number. based on the Wholesale prices
rer pound OF thirty-one articles. is
S297. compared with s3.02 last week
and 1913 for the week of April Is.
1920, or loss of 1,6 per cent from
last week and AZ per cent from the
corresponding week last year /,
There were reported 6S95,979 BUSH
els OF wheat and -four exported from
TIE United States and Canada last
week, against 4.512,1O8 bushels last
week. Sand 4.720.T76 bushels a year
ago.
The building trade showed a gain
of 47,6 per cent over February, and
a decrease of 1873 per cent from
March of last year. based on Brad
SGreet's report from 1855 cities.
There were ipcr"a Sod sales reported
by mail-order houses.
ms week bruusnt a further in
crease in failures in the United
States. Dun's reported $50, compared
With 800 last week, and 299 the week
before. The increase occurred in the
South and on the Pacific Coast.
TREASURY INSTRUMENTATION.
Oversubscriptions to the latest Of
w.
tIficate issue will arount to about
$40, ,O0O. 900, according to the latest
ndvices received at the Treasury De-
'partment.
The certificates bear So per cent
and bankers of the District and
throughout the country believe that
the response shows clearly a sub
stantial Improvement in the general
credit situation.
MIR. DEYBER TO ADDRESS CLASS
President Victor B. Deyber, of the
Second National Bank, will address q
meeting Of the elementary class OF
Washington Chapter. American Insti-
tute of Banking on Tuesday evening
according to announcement made to-
day.
PARSONS HEAD wAsH.-vA RwY
ISWlS H. fdTSOns, Oh 1TandIn, fdT
sons & Co., Of Philadelphia, has been
selected as chairman of the board OF
the Washington-Virgini Railway
Company, in succession to the late
Howard Graham. the election taking
place yesterday.
SYNDICATE BUYS UP
MARYLAND OIL issue
A banking group. headed by Potter
Erothers e. Co.. Hemphill, Noyes &
CO., F. s. Smithers & Co. and Merrill.
lynch & Co., aft Of New York, has
bought an issue of S4.000,0o 8 per
cent dsbenture bonds of the Mar
land Oil Co. of Delaware. A syndi-
cate shortly will be formed to market
them.
The Marland Oh Co. Of Delaware
Is holding company. owning more
tran % per cent of the capital stock
of the Marland Refining Co. of Okla
homa, o. per cent of the Kay County
GAS Co. and through the latter con-
trolling about 75 per cent of the