Norwich bulletin., 1922-10-30
cki.aroi Gr;ai. lSI:..:tI.e.h,
INDUSTRY IS HAMPERED Bx
 THE SHORTAGE or CARS.

New York, Oct. 2s--IRy the A P.)--- No change in the trend toward better business has been Apparent sn indrstrial
 and commercial circles during the pSss week. Railway car .loadings fenain close to the peak and plainly would be greater
 if the roads could furnish and move q
 larger number of cars. Thus the exsesa in the demand for freight cars as c6fn= pared with supply on October .fb X vas aocording to the American Railway sas- sociatior, 15e,o0o cars The effect. nat urally Is to restrain the movement sot certain kinds Of traffic. such as Erain. and to restrict the mining Of coal. fT.asSsa v
 Nevertheless, this situation Is not as yet extreme and Is considered to kave its vcornpensations. Steel, products, arc moving in an amount approximately equal to current production and all es- sential needs of consumers afe treported as being met. Soft coal production is slightly higher finally, ; having. risen above the ,10.0e0,000 tons. a week level. And the slowing down in tho srsln movement has, had supporting effect effect on prfcAs.9 Some well postsd quarters consider that the traaspoftaSiSa situation Is scarcely, more diffleult s1 Is usually the case when a heavy ss asoes. al movement of, freight IS under way < As f6r .sthe steel industry, ,. output ls continuing. to. run slightly above 70 per cent of capacity and mills, appear, to have accutnulations of orders on their ahead.Ex The scarcity market crea tAd' HS the strikes still shows no signs Ct iisaf- bearing. Coke and pagss iron rrieAsS ars lower and the premiums Tered for the I prompt delivery of steel products na re about disappeared. Railroad buying is being maintained: and railmills < are q. | ready working on the orders booked i prior to the October T increase in prices
 I With respect to farm products, .tHe movements of the week were s6newkai : irregular. Cotton pushed. ahead to new ] high records, the December future selIins
 materially above 2l cents q pound : Ttss
 strength of this commodity Is attributed
 partly to- it's impressive statistical posi- ] ton and partly to the fact that trssas
 buying has been strong, due both to ths l clearing up of the near eastern situation | and to better delivery in the dry igoodl l trade. Meanwhile a speculative follow: ing has been attracted by the- .spectacis 1 of rising prices. Grain, on the. oEhei \ hand. lost part of the recent advanSs I through profit-taking. Optimism basss
 on reports of foreign shortages has bee
 restrained by an appreciation of the rs strictsd nature Of foreign purchasin,
 power. lTsar :. ,is5YS U Money continues se display it's arlrne.
 tone, as ss consistent with expaade. trade activity. It Is eensidered stha$ th
 demands incidental to the 5atte$ .havs
 caused the withdrawal Of funds troess ss
 eurities and that this has been leadini
 factor in the decline Of Bend prices.f fh
 reaction in the new treasury < f-4 pe
 cent bonds to ss Is regarded as havin, been due to the retreat of speculst6r who applied for the bond in the .i1op
 that the latter wouid sell quickly at 5 premium, An oyer-extsnded specuiasiv
 position Is also thought to have been s
 factor in the weeks decline in sEoeks
 | Pronounced weakness in Etenctr aH Belgian francs. and in Italian liee. J I
 sympathy with renewed declines h th
 Gefnsn mark, commanded ,conai6kfaSl 1 attention. Francs sold below setG cents and lirs below four. ufices sRhIe lindicste marked anxletys over the zG3i