Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-09-14
lands RULING
CAUSES DELAY
IN BUILDING
Business Affected by Refusal
of Unions to Accept His
Decision.
GERMANY IS BUYING
Special to Indiana Daily Times
and Philadelphia Public Ledger.
BY C. b. EVANS.


and Philadelphia Public Ledger.
BY C. B. EVANS.
CHICAGO, Sept. 14.-It is constantly
borne in on the mind Of the bystandeI
that one labor arbitration does not make
a building boom, one squirt in some en-
terprise of moderate importance a re-
stored country or one reparatiOn pay
ment salvation to Europe. In this city
the elaborate and laboriOus Investigation
of the troubles in tn building industry
oy Judge Lands and his decision of the
questions brought up to him is at the
lOint Of failure through refusal Of sew
eral cliques of workers to abide by the
award. Judge Lands, therefore, has re
scinded the provision in his plan for re
hearing of any parts of TIE case that
might not appear just, and today 1t is
practically matter Of open shop, though
some efforts are being made to patch up
the disagreements. The carpenters
among others demand the old wage of
S1.25 per hour. The evaporation among
employers and investors in buildings ~
great and many plans for construction
are held in allegiance 1t is certain, among
other things, that the 100000 bank
building will not be constructed unless
there is a radical change in the situation,
perhaps meaning an absolute open shop
and no plan Of cost plus" win 20.
GOOD SIGNS
IN OTHER LINES.
Such is the aspect Of the building In
dustry. In other lines there are good
signs, but the steel market still sta
blinking In it's corner. 1t is in agricul-
tural lines mainly that recent gains have
been made. Germany is still buying west
ern products. The exports of lard to
that country for the week ended Sept. 10,
were more than 100000 pounds. This
item accounts in some small degree for
the extraordinary weakness in marks.
Wheat goes forward at a rapid pace. Nor
is the visible movement Of merchandise
the only sign Of a continued liquidation.
Country banks in the West largely have
been released from the burden of excess
sive loans TO people who cannot pay or
who will pay when they get good and
ready, and the effect is seen in the banks
of Chicago Never since the frozen credit
evil became so pronounced many months
ago, have the bankers of Chicago talked
so cheerfully regarding the return of To-
cal affairs to more normal conditions.
There is lot to do yet, but it is doing
itself rather satisfactorily.
GOOD REPORTS
FROM THE SOUTH.
Chicago also gets highly cheering re-
ports from the South, where our banks
have a large stake because of the moneS>
they have loaned on cotton these many
years. The lift in the price of that
commodity has made something very
like 4 new South. a Mississippi banker
reports that low grade cotton has
jumped from to 10 cents a pound and
the long staple is saleable at 40 cents
In view Of the extraordinary demand for
extra staples" in New Bedford and
other Eastern manufacturing towns it
would seem the Southern cotton grower
has 4 good outlook, especially as recent
reactions in the ordinary commercial
grades have been small compared with
the advance.
Improvement IN moderate degree ex-
tends TO several other articles in the
commercial list There is an air Of high
expectation among persons interested in
the petroleum industry as If something
were gradually coming on that would
mean greater things later. Nor is labor
by any means altogether intractable, al
though the situation in this city Is bad.
Looking still farther many are asking
in just what form will come the col
lapse of Germany. for that there viii be
collapse they do not question.-Copy-
right. 1921, by Public Ledger Company.