Evening star., 1921-07-23
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, July 23.-The winter
of business discomfort is showing in
creasing signs of breaking up, and
with liquidation of frozen credits
more active buying and better busi-
ness conditions are in immediate
patches from this country and abroad
received within the last four
hours have made these facts evident.
The so-called buyers strike is
softening around the edges. This was
made plainly apparent by the results
of the opening offerings Of ginghams
by the cotton goods manufacturers
for delivery next spring. The response
from jObbers and dress manufacturers
was so great that the possible pro-
duction Of the mills has been over
sold and orders may have to be flled
on a prorata basis. Many buyers ex-
pressed Willingness to take double the
Sure the operation OF these cotton
hills at capacity between October and
April. and has formed a bright spot
in the whole cotton situation.
United States Cash to Handle Crops.
Formal assurances from Washington
that the necessary monetary assist
ance for handling the present cotton
crop and financing export have re-
lieved anxiety throughout the south.
The opening of the spring lines of the
great wooden manufacturers, which is
in immediate prospect next week, is
expected to have an equally stimulat-
ing effect on that sectiV1 of the tex
tile industry.
Scattered orders coming in from
JxyiAe
consumers again have begun to buy
steel and steel products, although 1t
was necessary to cut prices even be-
low the formerly announced scale to
attract the business. There has also
been some coal bought in anticipation
of next winters needs. although the
general public has turned deaf ear
to warnings Of shortage.
Bank Situation Improved.
The bank situation is improving in
every section Of the country, espe-
cially in the wake of the harvest. and
merchants are experiencing little diff
ficulty in securing loans for replen-
ishment Of stocks. Germany again
has entered American markets for
foodstuffs and agricultural products
with money to spend. Credits which
will enable other foreign countries
to do likewise probably will be ar
ranged in the near future.
wage adjustments are hcopIHS pace
with price adjustments and in many
cases labor is accepting these reduc-
tions with a good grace. Building
construction, sorely Meeded. Is being
held up to a large extent, however. by
failure to reach wage agreements. al
though the cost of materials has
shown reduction. However, 5000 car
penters at Philadelphia agreed today
to a cut from $1.12h to 30 cents an
hour.
Building Perks Up.
The extent of the building campaign
is indicated by estimates that two
billion dollars worth of work is pro-
jected now and that this will be more
than doubled before the end of the
year.
Shoe factories in most cases are run i
ming at capacity. with orders that will
keep them employed for months to
come. Cattle prices are on the in
crease. not only in the big live stock
centers, but in the smaller markets in
widely separated sections.
Shelves in retail and wholesale es-
Establishments in the country over are
empty. and when buying to replenish
them begins in earnest 1t will bring
a rush of orders to practically every
line of production in the country.