Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-10-02
FEAR OF H0sT|L|T|Es
ACTS TO CURB BUYING
Industrial Activity Show 5
Further Recovery From
Effects Of Strike.
COAL PRODUCTION ENCOURAGING
Some Disappointment Is E4prenscd
over August Rnilrond EarninEs.
Wheat Prices Continue to F1ue-
tuatc,
tBy Associated Press.l

NEW YORK. Oct. Further evil
dence ot Improvement In tho financial
and Industrial situations during the
business and financial sentiment is
concerned In tho foreign outlook. Re-
actions in securities markets has
furnished background for some
what grave views as to the posi-
hility OF war between Turkey and
Great Britain. Despite tho fact THAI
conservative quarters arc skeptlcal
ns to an actual outbreak OF hostili-
ties, the possibility OF u clash In the
neutral zone along tho Dardanellcs
acted As a curb on buying. Ia addi-
ton IT was pointed out by some OBJ
servers that tho German reparations
problem stili remains. and that IA new
crisis VIII be presented early in the
year unless some comprehensive plan
for dealing with the difficulty shall
he agreed In the meantime.
Industrial activity at home showed
however. further recovery from the
Effects Of the strike. The steel In
dustry was reported 20 be operating
81 a rate close 10 70 per cent OF ca
gaclty az compared 10 so per cent
during the August shutdown coal
supplies are no longer limiting
factor having been replaced IN This
respect by the scarcity OF suitable
freight cars. Statistics OF Goa! pro-
duction also are encouraging. soft
coal output Appropriated 100000
tons last week.
More Settlements Renched.
Further settlements have been
made between railroads and their
ShOpmcn, and the Association Of Rail
way Executives has announced that
shop forces having been returned 10
over 80 per cent OF normal employ
.nenr reports OF individual carriers
viii no longer b. required. The lat
est car-loadinE statistics. those FOR
tho week ondci September &c. showed
another new hiGh record FOR the year.
the total being 9f5.;l9 cars. Sup
uiicE % id,e cars IN good order have
com" to an end and number u:
~" railroads have declared cWbar-
goes on certain classes OF freight Of
f"rod by connecting lines. Trans
portatipn facilities apparently arc Il
controlling factor In Industrial ac-
;vity. This does not mean, however,
that an unusually large volume OF
'ranic !s not being handled.
some disappointment has been OK
pressed over August railroad earn
irgs y number of the roads SHOW
deficits and uthcrs heavy losses IN
both gross ana net income. 40 COM
pared wiki August a year ago on
The other hand. some roads show i'm
prO"cment IN" rather unsatis!ac-
tory set pf statements has been "N-
pcctcd IN tho best quarters. Dur
ing August tho anthracite roads SIN!
had none OF their usual coal traffic.
ard many or the sot, coal.rs san fel,
the effects OF suspension "a b!tumiu-
ogs mining Besides. the carriers
We're ali at heavy emergency expense
on account OF the shipments strike.
ana we're paying unusually high
prices for 'h"lr fuel. September
earnings ar" expected 20 10" consid =
.rably better, while IA. roads are
still buying equipment literally.
Wheat Prices FIurtuntc.
Wheat prices AR. continuing TO
iuctuat. w.;h ;Aa war news. but Gov
ering oc sAO-ts in The expiring Sep
TENDER option brought some strength
into the market There are signs
INA; the grain trade ~ beginning 20
feel the shortage OF railroad equip
mcu, Cotton has been heavy on tho
ruproml.luE foreign situation and
large receipts II the new crop.
\ slightly iirmer tone has per
sisted In tn. money market. although
cali MONEY has cas"d on materially
after tn furry caused by tax pay
m.ut operations. The pr!nc!pa! Tea
tur. of the Federal rcscrv. statement
rs continuation of The holdings or
a,s,ptauccs hougn. IN the open mar
E.ts Uy the reserve banks. The sys-
i,m's reserve ration remains prac-