Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-11-07
REPORTS INDICATE
BUSINESS REVIVAL
THROUGHOUT j. s.
BY HARDEN COLFAX
tLeased Wire Service to The Journal. }
Cartwright 1922

WASHINGTON, Nov. 6.-Another
week of the business revival ended
with the nations industries riding
high on the flood-tide and with pros.
poets that the next thirty days will
carry the flood still higher. A coun.
try.wide survey of business condi'
tions, made by government and pri-
vate agencies, discloses the follow
ing: -a..-.
For the first time in two years
and the fifth time in the history
Of the country, American railroads
have moved within a single week
more than 1,00o,O freight cars
loaded with commodities. The Amer
lean Railway association expects
that this figure will be reached, or
nearly reached, again within the
next three or four weeks.
The shortage Of freight cars which
is seriously retarding activity in
iron and steel, lumber and coal con-
tinues. It is greater now than it
was two weeks ago, according to
information obtained by the inter.
state commerce commission, but
bids fair to taper off by Christmas
A general shortage of labor, which
has prevailed for the past two
r,oop+Ls oSnoo;olI11 u, .odI1StrioI ron.
tiers, is marked in almost all lines,
with respect to both skilled and un,
skilled workers. Indications are, ac-
cording to reports to the department
Of labor, that the demands of en-
ployers probably will be met before
the first of the year. If this in
terest is verified, there probably will
be Sigh: unemployment here and
there throughout the large cities.
Auto Business Remarkable
Automobile manufacturers advise
the National Automobile Chamber Of
Commerce Of a demand for cars sur
prising at this season. The makers
are out to establish q new produc-
ton record Of 100000 cars for tn i.
year.
The farmer has virtually complet-
ed harvesting his crops. He has not
obtained for them anything like the
prices he expected. If somebody
would-or could-do something for
the farmer so that he might obtain
his full share Of the rising values,
there would be no cloud on the bust
ness horizon. .~.
Contracts for December cotton
crossed the 24-cent mark and the
demand continues strong, according
to reports to. the department Of
agriculture, with a firm upward
trend in prices.
Interest rates throughout the
country are reported ITO the federal
reserve board to be hardening. The
demand for money is generally re-
ported to be increasing, especially
on the part of large business en-
terprises and the flow Of funds is
away from New York-one reason
for the. recent behavior of stocks,
observers here state. -
And to cap the climax of the
weeks good news, comes the report
from the treasury department-un-
official, It is true, but bearing all
the marks Of authority-that the al.
most certain deficit this year in
the governments finances will be
much smaller than. previous reports
had indicated and that it will be
met in such a manner as to make
unnecessary the imposition of ad-
ditional taxes.
Deficit Is Less
The Importance Of the last factor
can hardly be over-emphasize, in
the view of officials here. The def.
icit for the present fiscal year was
estimated several months ago to be
prospectiveiy about $600,000,000. It
now appears, however, that the de-
ficit will hardly approach half that
sum and that it will be made up,
if necessary, out Of funds borrowed
with other moneys in connection
with the retirement of the Victory
loan. Also it seems likely that the
revenues Of the government will be
greater than the sum previouslys es-
timated.
For instance, it is claimed now
that the tariff will. in all likelihood,
produce about $100,O00,0O0 more
revenue during the present year
than the first estimate indicated.
Prices have ceased to rise in al
most every line, but wages continue
definitely upward. Another general
increase IN the pay Of steel workers
is expected within the next, two
weeks.