Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-04-30
TRADE AND INDUSTRY
TO CONTINUE TO IMPROVE
BY Wells. O1okey COMPANY.

|. There is no reason for any change
In opinion regarding the improvement
which has been taking PLACE in trade
and industry. As a matter Of fact, the
past week has seen increases in orders
placed In most lines and there. IL every
evidence that this viii be augmented
as the season progresses. Business Is
still spctty. but there IL evidence each
week OF an increasing regularity.
An interesting point which must be
considered IN connection with the trade
revival is the effect it is likely to have
on prices. There have been several
increases in basic commodities such as
oils, cotton. copper and steel. The
question Of prices, however, is one
fraught with great uncertainties be-
cause u present price level, while
substantially lower than that of the
high peak, is still much higher than
that of 1914. =.
In many lines Of production labor
costs have been cut to q certain extent
and in a number of cases wage revi-
sions have been drastic. These reduc-
tons have been undertaken on the
basic proposition that living costs have
come down and that if production costs
generally are to. re-ac in harmony
there must be some reflection in the
wage scale. No doubt there is still
a lingering apathy toward high prices.
although the buyers strike is no longer
in progress. If renewed buying activ-
ity should mean a decided upward
swing in the price level there. is every
reason to believe that the public would
So. 500. 900. Chicago, Milwaukee & st. Paul
10000 900 Guilders, Holland-Am. Line, 6s
81 800, 600 Union Twist Drill, 7s..........
$4,000 600 State of Ohio, ANS ...........
100000 Sinclair Crude OIL Pur. Co., s.
20,0oO,OO0 Dutch East Indies. 6s........
100000 Chesapeake & Ohio Railway, S
Renewed consideration of the SOL
diers' bonus bill. which served to check
somewhat the advance of Liberty is
sues had no apparent affect upon the
municipal bond market. Demand for
these securities continues undated
that is noticeable both in United States
and Canadian issues. Prices advanced
throughout the general municipal list
and bonds which have been lingering on
dealers shelves for a long time are
moving rapidly under the present mar
ket stimulus. Bond sales during the
last week seemed to establish finally
that recent advances some of which
were thought unjustified really are an
accurate reflection of investment de-
mana. MOSC DOnU 0ealerS are now WILL
ing to grant that the higher prices
seem to be in line with the general
market factors.
Automobile Industry Improving
Reports from the general manager
of the National Automobile Chamber
of Commerce show that during the last
three months motor vehicle production
including both cars and trucks, was GO
per cent more than production for the
same period last year, with every indi-
cation for an increase in the next
quarter.
The extraordinary strong demand
which We are now enjoying" says the
comes first from the fact
that many cars were held over last year
which should have been replaced with
new cars and that stocking and buying
the winter was light, while de-
mand for motor transportation con
to increase. this of course all in
addition to a demand arising from the
general improvement in business.
Interviews with government off
cials at Washins ton show every pros
pect for easier money during the re.
mainder Of the year. improving prices
for farm products and a general up
ward turn in practically all lines OF
business. One O. the important things
which contributes to the return Of al