The Lehi sun. [volume] (Lehi, Utah) 1913-1949, 1921-09-15
BUSINESS PICKS
Up EVERYWHERE
EASTERN BUSINESS MEN De.
CLARE WINTER WILL SEE
MANY INDUSTRIAL CHANGES
New York Bankers Very Optimistic
over Business Conditions; FL
nanees Becoming More Liberal
As Time Pasees On

New York business is beginning to
pick up in nearly every important in
dustry--slowly but surely.
This Is the conviction OF leading New
YORK bankers, based on reports from
every part Of the country.
Improvement is partly due 10
the usual foil picking up. But 1t also
appears certain that general business
began "A definite upward climb July Is,
when the steel industry hit bottom and
started crawling out of the depths.
Recovery will not he rapid, experts
agree.
Business depression started in May,
1870, with the collapse OF the silk mar
ket The collapse rapidly spread to
other industries. Hard times have last.
ed sixteen months. The end finally
seems In sight.
In the leading Industrial centers
smoke-is becoming thicker over the mill
districts. This means machinery Is
starting.
Here are three Indications that fac
tory activity is gaining:
observation-disclosures are increasing
their travelling sales forces The drum
mers report II national conviction that
things are looking up" Stocks OF
goods are getting low. Orders are be-
ginning to come In.
Two--SUft coal production has been
! climbing since August 20. Output was
only 1,0OlOO tons II day In early Ap-
rIl Now II is around l.3OO.OOO tons IA
day.
Three-Retners report that sales of
lubricating oil and fuel oil are lncreas.
ing. This means more machinery Is
running.
Fig iron production in August show
ed the first gain In ten months. II
still Is low, but climbing steadily.
Trading In steel * gaining. This
shows that automobile makers antici.
pate growing business.
Railroads buying Of steel is quiet
but inquiries are big. The railroads
have II tremendous repair program
damned up, and steel leaders think the
nextboOm will start with flood Of
railroad buying.
Prices In the steel industry. averag
cd, show big drops: Average. 1913
S30.40 n ton; 1917 (peak) $9l.Ol ton
September I, 1921, $4S.79 ton.
Four out of every FIVE freight cars
AInnpi
freight. Idle cars are decreasing
steadily.
Latest figures on car loadings are
for week ended August ~, when rail.
roads loaded $50. 100 cars with freight
For several weeks eur loadings have
averaged only rs per cent less than
the corresponding period of 1919, the
boom year.
Business the country over now is
only ~ per cent below normal. accord
ing Ia n national survey by Seymor l..
Andrews, chief siatisticlan of the
American Telephone and Telegraph
company.
This shows business Is getting out
OF the woods, for depression does not
become acute until business Is IL per
cent below normal Two months ago
business was on - 10 ~ per cent.
Foreign trade gaining. For every n
tons of exports Ia July. 1913, the Uni
ted States now Is exporting ll3 tons,
says i'W federal reserve boards for
eign trade index.
BrHdSlrcei's agency reports that
Wholesale prices In August advanced
on the average for the third successive
month The gain has been slight.
Doesn't mean any material price ad-
vance is in prospect Merely shows
that manufacturers have enough orders
In sight that they feel safe in sounding
Oui the market
Copper, tlIe most stagnant Industry,
has n pickup that IL stiffening prices.
Binding outlook Is better Ship
mepls Of Portland cemcne about 06 per
cent ~ hig as n year ago. Lumber
trade on Pacific coast improves, also
Other sections Thirteen more lumber
mills opened up in week ended August
p. bringing Total of operating mills
10 3S9
Farm outlook improves. Cotton price
scars. BE wheat exports IN August
broke the record OF October, 1870.
More than half of the money received
from total exports now Is for farm
products.
Business failures, first week in Sep
TENDER only $40, against 800 tbe week
before.
Bank clenr.ngs. climbing steadily,
now are more thai twice MS big as In
1915
Unemployment Is not rs acute as II
was month ago
Arbuekle Charued With Murder