Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-10-16
FUNDS AVAILABLE
FOR new BUSINESS
Imitation Period Declared
Unlikely at Present-Higher
Tariffs Sought.
BY J. C. ROYLE.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, October 1S.-what con.
stitutes cause and what is effect in tn,
present retail and Wholesale merchandis
Ing situation in this country is as din.
cult to distinguish Is the difference be.
tween tweedledum and tweedledee.
Whether buying has increased be.
cause Of recent price advances and tbs
imminence OF further increases o,
whether prices have risen in part be.
cause OF expansion Of buying IL q ques.
tion. There Is no question, however
that prices have advanced and are ad.
vancing and that buying Ia increasing
IN directly proportionate volume. The
70 the thing which today directly affect:
every American family.
InAatisn Period UnlikeIy.
There IL room for more Industrial ex.
pansion. and the funds necessary for IL
are available. The announcement from
the Treasury Department that the new
Treasury Az per cent bond Offering ha.
been oversubscribed by over a billior
dollars shows plainly, according to In.
dustrial leaders today, that although
industrial operations have broadenet
Ing period Of imitation. Funds at res.
sonable rates are not lacking to finance
any legitimate and warranted business
developments.
Perhaps the most accurate explana-
ton of the trend Of merchandising
trade as reflected in Geographic re-
ports from various sections Is thai
costs undeniably have advanced for
both materials and labor. and tina.
buyers have at last come to a realixa-
ton that price increases, long resist
ed as unnecessary. now are justified
MI "a
Ing and producing cost expansion
have not ceased. although the in
clination toward mergers and con-
solidations as means to that enc
have received a check. due father to
increased demand than to opposition
make each concern Independent OF
outside influences and factors IL more
urgent than ever. This is fully ex-
emplifed in reports received today
from Detroit in connection with Ford
activities.
Ford Plant Self-sustaiaing.
With the completion of projects nov
under way the Ford factories will b.
as nearly self-sustaining AZ any
plants in the country. Work has been
started on a cement mill, which will
use Stag from the Ford furnaces and
will yield about 1000 barrels Of &C.
ment a day. The company will doubt
less nave u use IOI d part u
this output and the remainder will
be sold to other consumers.
The Ford Company has also started
its second blast furnace. which will
practically double the castings capac-
ity of the plant. This is in line wit
to make himself independent OF pro-
ducers Of steel sheets and other steel
products used in Ford cars.
New employees are being taken on
at the Ford plant every day, and the
company Is going into the winter
schedule in effect than at any similar
period for years. 1t is possible the
Ford production will reach $4,000
cars this month. The highest pro-
duction ever reached was turned out
of the Ford plants in August when
a total of 10000 cars was produced.
Want sfn Higher Tariffs.
Already many manufacturers in
various lines are formulating new
demands for increases in the tariff
schedules under the elastic provision
Of the Fordney law Increases I'm
rates. they claim, are a necessity for
the American manufacturer in view
of the present trend toward higher
wages and higher basic material
costs.
The cotton goods manufacturers
are finding an increased demand for
|, heavy sheetings. suitable for q bag
trade. Much OF this inquiry il COM
ing from cement manufacturers, who
are short Of bags. A new high price
has been set for mohair in the south;
west, and the activity IL taken 10
mark the firm establishment of the
industry in that section.
The movement OF grain for export
is being hampered by freight-car
! shortage and by the extremely low
water in the MfSsissippi This con-
dition is expected to be emphasized
when the closing of the Gulf of st.
Lawrence diverts Canadian shipments
to American ports
Work on new roads is being rush
| ed In scores OF different sections, and
the amount expended in such work
10 expected to set a new record this
fall ~