The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-30
PITTSBURGH.

Pittsburgh, Pa, May SO.-W1tn
thse exception of the coal mines the
industries. OF this section are work
ing at from rs TO 80 per cent of
capacity. This is practically the
limit .under present conditions but
the ttendency is toward higher out
put ,even though this will require
the securing OF new sources OF fuel
supply for the operation OF many
plan Is.
Higher prices for steel probably
will .be paid before the summer
ends.l Makers are NOT scrambifpg
for business requiring deliveries
after July / and prices for the
third squarter have not yet been an
nouneed. Premiers over the gen
eraI price list are reported in
many* lines, however, and all indi-
catioIrs point to advances when the
third quarter prices are made pub
.lic. While the proposed freight
rate reductions will anect the cost
of steel to consumers, the makers
are expected TO benefit by higher
prices
fiehdsf affected by the mine strike
is increasing but there is little
change apparent in the union fields
where no effort has made to oper-
ate names. Mills and factories still
have stocks in their yards as a
rule and fuel is in sight to con-
tinue at the present scale of opera
ton.
Buihing construction is of such
large proportions in this section
that labor scarcity is reported in
certain lines. This shortage is not
esufh to, retard operations.
ST. PAUL.
St Paul, May 3O.-Mining of iron
ore and manufacture of ferrous
products in northern. Minnesota will
be on an average normal basis
within the next month. This will
mean the employment of several
Thousand more men directly and
will be an influence also in provid-
ing additional tonnage and added
revenue to the ore carrying rail
roads Tonnage gains will go far
to offset tendency to limit main
tenance and betterment work on
+railnads. Railway officials predict
the employment of larger forces
Transportation experts fear the re-
cent freight rate order will mean
smaller earnings for the roads this
summer unless the industries expe-
rience greater activity and crops
tmaterialize and provide increased
IHonnages for the roads.
TWin-cities business men who
have just returned from a week s
tour of the northwest report an en-
phath< improvement in general bus
mess conditions Bank deposits
they say are larger, Indebtedness
is smaller, country merchants are
| buying to meet farm demand and
construction work is exceptionally
heavy.
Manufacturing plants here are
eniarging-zheir activities as buying
Increases
NEW YORK.
Ne#sYork, May 30-The Memo
rial day holiday undoubtedly had
been the effect of lessening manu-
featuring output in this. section fol
the week and checked business ii
some other lines, but the holiday
served to stimulate trade in the re-
tail stores on. Monday and this i'm
provement is expected to continue
throughout the week. Improvement
in sales Of building material has
allowed inauguration.o of many build
ing projects in this city especially
in Brooklyn and the Bronx.
The strong tnend of prices fol
raw cotton, silk sand wool has serY.
ed to stimulate manufacturing &C.
tivity in textile lines rather thar
to check it.
An undoubtedly improved senti,
ment exists in the cotton goods
trade. The wooden manufacturer
are busy and prices,for wooden clott
are higher. Silk manufacture, i:
still under capacity but some signs
of improvement is shown Carpe
mills and linoleum factories art
well booked ahead.
Makers of wOmen's house dresses
are active and wholesalers are car
rying large stocks of these goods
Out of town merchants are buyins
goods for next fall in this marke
in increasing quantities. Whole
sale and manufacturing jewelers. re
port better business with price.
generally firm.