Iron County record. [volume] (Cedar City, Utah) 1893-1982, 1921-09-16
BUSINESS PICKS
UP EVERYWHERE
EASTERN BUSINESS MEN DE.
CLARE WINTER WILL SEE
MANY INDUSTRIAL CHANGES
New York Bankers Very Optimistic
Over Business Conditions; FL
nances Becoming More Liberal Z.
As Time Passes 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 f.
the usual fall picking up. But IL also
appears certain that general business
began Il definite upward climb July 10,
when the steel industry hit bottom and
started crawling out OF tile depths.
Recovery will not be rapid, experts
agree.
Business depression started iu May
1870, with the collapse OF the silk mar
ket. The collapse rapidly spread Ia
other industries. Hard times have last
ed sixteen months. The end finally
seems in sight.
In the leading Industrial ccnters
smoke Is becoming thicker over the mill
districts. This means machinery Is
starting.
Here are three Indications that fac
tory activity is ginning:
one Manufacturers are increasing
their travelling sales forces. The drum.
fhers report Il national conviction that
"rhings ARE looking up" Stocks of
goods are getting low. Orders are be-
ginning to come in.
Two Soft coal production has been
Climbing since August 20. Output was
only l,0U,OO0 tons day IN early Ap.
ri. Now 1t Is around 1900 100 tons IA
day.
Three -Rrfners report That sales OF
iubrlcuiing OIL and fuel oil are increas-
Ing This means more machinery Is
running.
Pig iron production in August SHOW
ed the FIRST gain In ten mouths. 1t
still Is low, but climbing steadily.
Trading In steel Is gaining. This
shows that automobile makers antici
pate growing business.
Railroads buying of steel Is quiet
but inquiries are big. The railroads
have tremendous repair program
damned up, and steel leaders think the
nextboom Will start with food Of
railroad buying.
Prices In the steel industry, averag-
ed, show big drops: Average, 1913,
$3G.i0 a ton 1917 tpeak) $0lOi ton !;
September l, 1921, S4s.T9 n iou.
-Four out Of every Ave freight cars
on American railroads are nov hauling
eight. Idle cars are decreasing
steadily.
Latest figures on car loadings are
for week ended August 81, when rail-
roads loaded $40. 700 cars with freight.
For several weeks cur loadings have
averaged only Is per cent less than
ahe corresponding period of 1910. the
'boom year.
Business the country over now Is
only Is per cent below normal, accord
ing to a national survey by Seymor L..
Andrews, chief statistician 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
Nousiness was or 20 to ~ per cent.
Foreign trade gaining. For every II
tons OF exports In July. 1913, the Uni.
ted States now Is exporting l13 tons.
says tue federal reserve boards for.
eign trade index.
i'radstreet'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 lave enough orders
In sight that they feel safe in sounding
out the market.
Copper, the most stagnant Industry,
has a pickup that is stlffenlng prices.
; Building outlook is better. Ship
neLts OF Portland cemene about 90 per
cent ~ big MS year ago. Lumber
trade on Pacific coast improves, also
Other SectIons. Thirteen more lumber
mills opened up in week ended August
n. briLr'eg total of operating mills
10 3S9
Farm outlook improves. Cotton price
scars. Big wheat exports IN August
broke the record of October, 1920,
More than half of the money received
frOn total exports now is for farm
products.
Business failures first week in Sep
tcnlber only $40, against 800 the week
before.
Bank clearlngs climbing steadily
now are more than twice as big as in
1915.
Unemployment Is not as acute as il
was month ago.
Arbuckle Charged With Murder