The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1922-01-01
Improvements of Recent Months in Agriculture,
Steel, Textiles and Copper Indicate That 1922
viii See Further Impetus to the Movement
Upward.


The unemployment figures Of the
nation which were reported as high
aa 5000 % 30 tho IAN. wore Inter
shown by secretary OF Labor Davis
Co have been mI'i" arainHt tHc 1919
90 peak hsuro- and whom compared
with the lfc- war year OF l1la showed
thut the situation WINS not us srrlous
ur hud Esucrllly istcn assumed
hr iulluu Klein director 81 the
bureau N foreign and domestic COM
msrrD let d. Doc known hat exports.
while below thy 1890 total whom fig
urod IN dollnra. due 90 decreased
euttb compared more than %flvorubly
when measured lu volume
Undoubtedly the Improvement noted
tn the closing months uf the year WAS
duo In great measure Co the activities
ot the War Finance Corporation In
aiding farmers ana livestock growers
The activities OF the copper export
association pulled the copper manu-
lecturers out OF "a very tight situation
activities OF bankers % creditors
r'Wmittco helped generally, tho for
NOR aiding cattle raisors. Joe add
tru 90 cooperating with creditors
uWittcoa I'm granting extensions on
l0Ins to mpr hants and manufacturers
% not only were affected by the
general falling of Ia business. hui who
.N NNHAfHNA Wy NNNN AN|AhN N|N'NAAAkN
OF government war surplus stocks.
Increased wage rates in nearly all
Industries were put into effect only
after prolonged strikes which cost
the workers and manufacturers mill
lions. Tho past year undoubtedly
saw "a greater number Of mon idle
through strikes and walkouts than
year In % decade.
HIGH freight rates. with n few OK
ccptions, continued throughout the
year aa n Of the greatest handicnpH.
There has been Wild comment that
until freight rates nrc reduced mate-
rally. accompanied by al least a cor
responding decrease iu the rail work
ors' pay. "A serious adverse condition
VIII check to "a certain ovtent the up
turn noted NJ the year Of 1891 closes
The opening mont and the closing
month OF the year presented contrasts
Of motto. January I, 1891, Industrial
conditions Ia all parts OF tho country.
with the exception of tho anthracite
trade. were had steel mills. toxtiic
plants and other Industries. n oporat-
ing Ht all. were doing no with vastly
reduced forces A. tho year closed
All industries with the exception ~
anthracite were operating "a n heavy
increased capacity-the United States
steel corporation at more than as
pcr cCnt the independent steel COM
psnies at morn than 3b per cent, and
tho textile mills al or near capacity.
High prices ana decreasing earning
power % consumers. coupled with
OMEN weather conditions. 80 adversely
affected the anthracite trade that ia
tho second week of December 2h. 0nN
miners we're idle ana the predicting
companies ami dealers had stocks On
hand estimated at moro than $500, 600
tons.
The month by month story OF tho
year follows.
January.
Tho Kew England textile mills an
nounccd wage REDUCTIONS TO hrinr
down production costs and made "a
general cut IN cotton goods pricesi
ware and price reductions wore an
nUunced by a number ~ concerns in
ether lines The large sugar renncra.
due 90 a decreased demand. reduced
prices from Sc 20 1890 q pound.
sugar prices later fell 10 Be-. the low
eat In scven years. HuyinR activity
was noted IN tho clothing Industry
where prices had boon siashed and
the trade reported good spring pros
poets.
The demand for cotton goods
quickly resulted In price advances.
which became effective In the middle
Of the mouth. Conditions in tho steel
trade continued poor: only six ~
N'fNruno independent fufntcHH lu the
Youngstown district were IN oncrHtion.
Rosfon wonl sales tottied 5000. 900
pounds in the nrHt week Of business
/ the American Wooirn company puy-
h,s more freely than for some time.
Wage reductions were announced by
Tho bethlehem Steel corporation. tho
American Locomotive company. tfo
Amcrican Smelling and Refining COM
rauy the General Electric company
HHH NIn NU.IaH.m. w..
In the middle ~ the month 81 be-
csme apparent that the opon-shop is
sue was being forced 20 tho front.
manufacturer on the one side at
tempting 20 reduce production costs.
n labor leaders confronting that n
wna nm attempt 10 crush their organ-
zed enovts. AZ this time a federal