Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-09-03
Reduction in Bank Rate Is
Considered - Cleveland
Northwest Leads Trade in
Section
BY DICK SMITH
(Ieased Wire Service to The Journal.)
(Copyright, 1921

(COpyrlSul, 1o@4'J
KANSAS CITY, Mo, Sept. l.
Building operations in this city, par
ticularly the construction of DWELL
| ings and apartment houses, broke all
records since 1915 in the month which
ended yesterday. The number OF per-
mits issued in August was All, an In
crease of 1877 over the corresponding
month year ago. The money vaIue
Of the dwellings planned this year
was S2,137,95O. as against $919,S7O
in August. 1920. The dwellings in
general range in price from $4,000 TO
$4,000.
at any time in the last two years
in this territory Lum 6s111 N are are
condition of their business than any
other group of Kansas City business
men, and say their sales now nave
reached 80 per cent of normal
Wholesalers here have been greatly
pleased with the success of the cam
territory to come here for their fall
buying. More buyers have been In
this city this week than at any time
for a number Of years.
The federal reserve bank OF this
district is considering the reduct1on
of the discount rate from TO o Id
per cent and it Is believed such &C
to the money markets. A heavy bul-
lish sentiment is noticeable in the
flour market due to the uncertainty
of freight rates on wheat. A cut In
rates is ANTICIPATED.
BUSINESS PICKING UP
IN CLEVELAND DISTRICT
BY GUY Z. ROCKWELL
| Heased Wire Service to The Jorrnal.)
Copyright, 1921
CLEVELAND. O., Sept. 1:-Bus1-
| ness as reflected by bank clear1ngs
| here, has quieted down somewhat In
| late weeks, but certain lines of In
dustry have shown definite signs Of
| Improvement. Much of this improve
ment is traced to seasonal fall act1v-
| ity. A good volume of orders Tor
fall and winter trade Is being re-
| ceiVed by manufacturers OF women,
wear and mems clothing. Textile
| plants are taking on more help and
| conditions in that industry are ap-
preaching normal.
Inquiries are becoming more num-
erous for steel products and cond1-
lions are more hopeful, although lit
tie business actually has been placed
in the district. Pig iron advanced
81 ton this week for the No: z
| grade, which is now quoted at SCI a
| ton. This has been balanced by
reductions in the prices asked for
black, galvanized and blue annealed
| sheets.
Building operations show improve
ment, there having been 164 more
permits issued during the last month
than for similar period in 1920. The
total for that month, however, is
| 419 below the figures for 1919.
PACIFIC NORTHWEST LEADS
BETTER BUSINESSPROCESSION
BY PAUL G. HEDRrCK
Ueased Wire Service to The Journal.)
Copyright, 1921
| SEATTLE, Sept. 1.-The Pacific
northwest is leading the procession
business according to Mason F.
Backus, Seattle banker, and member
of the board Of the Federal Reserve
bank of this district. He based that
business conditions in this territory
and cited the big demand for north
| west coast lumber products and
| equal activity in the canned and
fresh salmon markets in Its support
Bookings Of rrans-Pacific tonnage
for lumber products to Japan pan .,, are
tits unusual demand is found in the
fact that the city of Tokyo has APP
propriated more than four h4ndred
widen thoroughfares, pave them and
construct new modern buildings.
Japanese merchants here assert
| the oriental city was driven to these
steps because business there cannot
exist without the automobile, and
| the old streets were too narrow and
crooked for motor traffic. The mod
ernizing of other Japanese industrial
cities will continue next year with
consequent demand for lumber from
Pacific coast ports.
Local retail dry goods business Is
progressing slowly toward better and
more active times.
COMMODITY NEWS FROM
NATIONS TRADE CENTERS
Geased Wire Service to The Journal.)
Copyright, 1921
CHICAGO. Sept. businesses Of
all sorts In this section have cut
down the number of employees on
40 per cent of tht railroad men in
Chicago are idle at the present time.
sEATTLE-The cost Of food in
this territory continues to fall stead
| lily. A centrally located restaurant
Of chain system now is selling a
| luncheon at 20 cents which includes
beef stew, pie and coffee. Well
| cooked breakfasts at downtown res
| taurants, including sausage, buck
wheat cakes and coffee are obtain
able for a quarter. These rcstaur-
ants are not fashionable resorts but
are located on chief thoroughfares
and are we'll patronized.
NEW ORLEANS-The official
records of this city show a gain
| in building permits of over one hun
| dred per cent for the last six months
- a ~ -~ rs