The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-31
CHICAGO.

Chicago, May 31.-Building has
not been SO brisk here in years as
at the present time despite the la
Dor troubles gro wing out of the
Lands award. The citizens COM
mittee reports it has placed 5000
building trades mechanics this
month, bringing the total up to
1900 Lands award workers. Con-
struction now being done entirely
under the terms of that award
total ss3.000.0 900.
Many apartment house owners
voluntarily are reducing rentals az
the number of vacant apartmentA
increases. These reductions in
many cases amount TO about 10
per cent. On the other hand, rent
ais in the retail shopping districts
are going up. One furnishings
store signed a 15-year lease today
on 54-foot frontage on State
street for $685. 00 Another big
deal just concluded involves pay
ment of $1,000 a week rental for
the largest State street moving pic
ture theatre for a 5-year term. This
lease was taken by one Of the larg
est moving picture operators here
to eliminate a competitor.
Retail business has sIumped off
somewhat this week, although
there was a good volume of pre-
holiday buying Monday. The for
NAL opening of the Country clubs
memorial day had the effect of
stimulating for sports wear by both
men and women.
NEW ORLEANS.
New Orleans, La, May 31ICoun-
try merchants are placing orders
with jobbers of drygoods mere for
fall delivery in larger quantities
than at any time since the boom
days of the war. This is such a
radical departure from recent
methods p. that it is exciting much
comment. Merchants here attri-
butte this buying movement to real
lzation con the part of the country
trade that the south will not pre-
duce enough cotton to supply the
needs of the world and that the
merchants are trying to protect
themselves against that contin-
gency by buying cotton goods now.
The outside world apparently
does not realize yet the seriousness
of the situation confronting the
country so far as future supplies
of cotton are concerned. The coun-
try merchants here believe the gov
eminent conditions report on cot
ton next Friday will show indica-
tons of supplies far below world
needs.
A similar situation prevails in
the sugar trade here. A third adj
vance in the price of sugar within
two weeks has brought 10 the re
finers of this city flood of orders
arom preservers and Gamers VINO
had failed to take advantage of
earlier and lower prices. AS the
refiners are sold four to five weeks
ahead. these customers are having
difficulty in getting the sugar they
now need.
Receding Of food waters and the
impro liability Of further breaks in
the levees has had the effect OF
stimulating business in the threat
ened districts.
PHILADELPHIA.
Philadelphia, May 31.-Financial
and business reports just issued
the better. This change is espe-
cially apparent in the increase in
the number of buying orders for
future delivery. This trend has
finally taken the place of the hand
to mouth buying policy so long in
evidence in this section. Industries
which did little business the first
four months of the year now have
a satisfactory volume of orders on
their books and those who did fair
ly we'll in the early months Of the
year are working at capacity now
The revival of construction ac-
tivity has stimulated steel making
and the factor of the miners strike
has tended to increase buying as
steel consumers have placed orders
in advance, fearing that they might
not be able to obtain the material
they wanted if they delayed. The