The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-03-13

liz Ann
sa Il ] rs!
II you are still finding your own
buhne1s quiet and are inelinsd 70
havs doubts about the outlook. par
haps Il win inspire you With . little
moro courage and srit II ypu rsAA
these facts:
yroa anl steel production II To-Day
runninssfiliy Is PER cent above last
years average.
cheeks passing through the banks
last month showed an innrsess ~
the oorrssponding psri6A Meave
months ago, the first time this nae
happoned In eighteoa months.
The average prioe q listed stocks
has not only reaohed . new hien
level for this yer, hut has pAeeed
the maximum level of lAst yeor,
while bond prices ere to0Ay A. t4e
highsUt point touched sinco 1915.
Noo&al savings hank 6spoaite ehow
& slight increase ever with0reWei
Tor the first time In more than .
Chairman Arthur woods. Of the
emereency committee Of the ma
tSond confersnos on Unemployment.
rAports lea0 unsmplcyment ano
Adds. There y every reason 70
h6pe That the worst - over; ct NO
time has the situation besn. a. bad
= ~ indicAtisas pointed 'sst su'
Caii money rstss snAsd the week
At the lowest quotation eoucnSd'
with the exception Of two oays.
the middle Of 1915. namely ~ psr
GENERAL Motors during this quar-
ter u selling fully twice q many
automobiles - u eoad for the I!fSt
three months OF last year; otner
AutonAobtle companies repert az.
tinct improvemsnt In sales. ana
motor stocks have been Advancing
briekly on the stock exchange.
From Washington comes this
tons throughout the country con-
prsdiofed to-day BY high Treasury
offici1is. Ths marked Improvement
which fbas taken place recently In
bears evidence Of permanency, and
they added that q continuation Of
the gradual upward trend through
the spring and into the summer
months was to be expected
The largest dry goods house In
America says. In In weekly report:
'sCollsctjons wsrs satisfactory. re-
hscjng Improved conditions"
Agricultural states report marked
Improvement In conditions following
the recent notable rise In wheat.
corn. ana food animal prices-a con
alteration Of Fundamental impor.
lance.
The latest index figures agree
that the price trend. on the whole.
10 tandine upwards rather than down.
warde. and this u calculated to mod
ify the still prevalent disposition in
many quarters to buy only from
hand.to-lnouth. q disposition which
has been reflected, by rather small
purchases ~ the abnormal number
q retail merchants who have lately
been Waiting the principal buying
cenetrs.
Price advances have been recorded
within the last week In iron anA steel
products, in copper, In lead. In coke,
In sugar, in coffee, In certain grades
OF OIL, in cotton, In hay, in rubber
and some other commodities.
o. J. Horowits, head Of the largest
construction company in America,
states that building operations are
on the increase.
showed rather notable falling off,
and. this trend promises to continue.
Thanks to importations Of gold,
bank reserves rose last week to TN
per cent for all Federal Reserve
Banks combined, an extreme con.
trast with the 81 per cent Of a year
ago.
The President Of the United States
made this cheering statement the
other day: I'VE are making splendid
progress toward dissipation Of our
Agricultural difficuities.'
it, 1iscount rate from Sh to s per
osnt. following similar reductions BY
other European banks.
The decrease Of 1,oeo.o 900 tons Of
untitled orders on the books Of the
Steel Corporation would have been
more unfavorably regarded had
there been no substantial increase ID
the rate at which orders have been
filled. When II 10 taken into calcu.
lation that the oorporation's produo.
ton has increased Is per cent slncs
the beginning Of the year, the show.
ing need occasion no unsasinAes. par
tioulariy when II 10 also considered
that the price trend has turned up.
ward.
tcopyrisht. 1851. BY y. g. Fersss.)
N. Y. Coffee Market.
NEW YORK, March 1S.-CofteA
nloaA. Nannh N - naxuizal. A .-li