The Hartford republican. (Hartford, Ky.) 18??-1926, 1922-09-15
COAL PEACE IS
BUSINESS AID
Rail Traffic Reported Fairly
Satisfactory; Corn
Estimate Less

New York, Sept. 13.-With the soft
ooal production reaching satisfactory
Ievels and with the hard coal strike
practically settled, interest in bus
mess and financial circles has CEN
tered during the past week in the ex-
tent of industrial recovery and the
prospects for fall business.
The steel industry perhaps the
chief sufferer from the strikes, shows
signs of improvement. The SO per
cent of capacity level of operations
To which the industry was reduced by
the strikes, has been bettered slight
iy aud a further gain is expected.
With a continued restriction of fuel
and car supplies, however, the trade
is moderate in it's anticipations. A
return to so per cent basis this fall
is considered more likely than full
recovery to the rs per cent basis
reached in the early summer. Opin-
ious differ as to the probable dura-
ton of existing higher steel prices,
but most observers consider six
months an adequate allowance.
Reports on the railroad traffic
movement continued to be reasonably
returns, those for the week ended
August 26, show total loadings of
S91 600 cars, a figure which tops
the previous high record for the year
BY some 1900 cars. Coal loadings, |
she statistics for which are obtain
able for later dates, are good and |
indicate a movement of this commo-
iity at rate close to 100000 |
tons week While the added de-
mand for equipment on account of |
the resumption of anthracite mining
will be partly met by use of hither-
10 inactive rolling stock belonging
to the hard coal roads the opinion is
held that it will aso offer a test of
the acuteness of the car shortage.
Financial quarters meanwhile be-
Teve that the railroads are getting
their shop situation in hand.
Publication on Septem Der 1, values
for two Of the principal indices of
som modify prices failed to disclose
any upward tendency. One of the
udices fell half of one per cent,
while the other remained practical
$ stationary. Farm products, such
Is grain and meat, continued to give
ground rather sharply and aside from
metals and fuel the other groups
moved but little. Partly for this rea-
gu, less credence is given talk of
IN inflationary boom during the fall.
The belief grows that the price ad-
SnG s VIII be confined to commo-
IifiRs i'm which temporary and alb
formal situation obtains and that
he comparatively low purchasing
ower of Europe and our agricul-
ural districts will be a damper to
ny false boom. According to this
lew moderate but spotting i'm
in business is on the cards. 3
Crop prospects remain little
hanged. The Department of Agri-
llture has revised its corn crop es-
mate downwards from 3,017,OO0,-
90 to 2,S275, O00, 900 bushels. The
fVhsion had been amply anticipated
y the trade, however, and the de-
artment has placed the yield of
heat some 100000 bushels high
vat SIS, 100000 bushels. The lat
II figure compares with an actual d
up last year of 1906 900 900 bushels. ~
he returns show that supplies will II
} plentiful. European crops are re- N
Jrted to be short but while a fair II
hume OF European buying has been Sc
ring on it has been insufficient to m
iffen prices in this country. II is eS
Iinted out that there is an obvious b!
ference between what Europe nj
light like to buy and what that con bl
nent will be able to pay for The fc
serve ratio of the federal reserve
stem shows another moderate de- u
me, but the loss is attributed to hol-
ay demands for currency. Monetary
nditions remain practically un-
Hanged. p'
- W