Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-21
PEACE OUTLOOK
ESbUS|NESS
STRONGER TONE
Resumption Of Mining
Aids, But Other
Help Needed.

New York. Aug: 2O.-(By The As
sociated Press. While the past week
has brought little real news of a con-
structive nature, hopes for a speedy
settlement of existing labor contro-
versies have mounted higher and the
country's leading markets have shown
an undertone of quiet strength.
Failure of France and England to
come to an agreement in the German
reparations question and the conse-
quent breakup of the London confer
ence had an adverse effect here. De-
lay in announcing an agreement for
settling the coal strike and fear that
other railroad brotherhoods might
join the shopmen's strike added an
other cause for alarm.
Several favorable influences soon
turned sentiment into more optimistic
channels. however. Among them WAS
the news from Cleveland that basis
had been reached for a soft coal strike
settlement. calling of meeting at
Philadelphia to settle the anthracite
difficulty, and agreement of the rail-
road executives to meet the leaders of
the "Big Four brotherhoods in an
effort to find solution for the shop
mems problem.
More hopeful news from abroad and
also had stimulating effect.
Prices Spur Coal Production
Present high prices and evident de-
termination of the administration to
do what it can to avoid a coal famine
will act as spur to production.
Coal production for the week end
the 5000 ,OOO-ton mark and union
mines which are already reopening
will add a million tons or more to
present operating capacity. This is
far below normal output, stocks ere |
low and coal rationing will be neces-
sary for some time to come.
Tension in the steel industry has |
Been relieved 10 q certain extent by
partial resumption of coal mining, par
ticularly in Connellsville area. New
ertheless. the pace became slower dur
ing the week and difficulty in securing
coal supplies will have a Gripping |
effect for the remainder of the year,
1t is thought. Prices meanwhile are
advancing
The latest report on revenue freight
loadings shows another slight decrease.
Large gains in miscellaneous and mer-
chandlse loadings compared with a
year ago indicate that general trade is
showing considerably more antivity.
Had coal loadings been up to normal
for the season, total loadings would
have exceeded by great margin those
of any week since the autumn of 1921,
when an unusually heavy grain move
ment taxed the capacity of the roads.
London Partey Felt
Commodity markets were influenced
greatly by the course of events on the
other side of the water.
Peasimism over the failure of the
allies to agree on the reparations pro-
gram. accompanied by weakness in for
eign exchange, had an adverse effect
on both cotton and wheat early in the
week This. coupled with the effect ,
on both cotton and wheat early in
week. This, coupled with the unusual
mid harvest ease, forced the price of
wheat beneath the dollar mark. Some
recovery was had later on export buy
ing attracted by the decline. Cotton
made progress during the week
Money was easier. the ruling rate
for call funds in this market getting
down to 3 per cent against an average :
Of 312 per cent the week before .
Capital offerings, nevertheless. showed ,,
q further decline. totaling $15,OOO.OOO +
as against $2O,OO0OOO the preceding ,
week. Absence of new issues in vol :
ume and a plentitude of money i'm ; >
parted strength to the bond market.