The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-06-19
BUSINESS AFFAIRS
OF NATION BETTER
Cotton Consumption Is
Increasing Money
Easier Today
GRAIN IS SOME WEAKER
Farmers in Better Shape
Than a Short Time Ago
Street Hears

10 lNAf N.'' 'H ''''f
NEW YORK. Juno 1a..-luduH'rlol
aud financial conditions ln the last
week presented o generally favor
able tendency. Notwithstanding tho
reactonary action in the securities
market vbir1 apparently waa con-
r,ctcd with tho technical specuIn-
tive pos.t.0n.
steel production exceeded tho best
rate previously attained this year.
More coke plants wore started ana
more furnaces blown an. COM pro-
dIcuon was greater ana soine OBJ
servers believe that plants were IN
preparation for reopenlng union
mines I'm tho lItisburgh district,
Detroit employment figures an
other increase, thus confirming
statements OF automobile mauufHc-
tfrcrs rs 10 the continuance OF sat
isiactory business.
Loadlng Reports Good.
Railroad car loading figures con-
tined good. Although the absolute
number reported during the week
ended June was Hmniier than I'm
tho previous week, the rate was
higher, II allowance be made for the
Memorial day holiday.
- ,,t,, ,u s
wv gan, ~. ,,,o ,,,iin dmting W
SottOh D"HHui'ou W '''.'2 h '.Ih
May as compared WIN Aptll was
not accounted for merely by tho
greater number Of working days In
the later monlh MAY - tah'nsH
coIreSpohu'u hIH'ost 'N.otN w tno
aVeEage lot tu' IaHu ~ llo'l'uH'
Whlch III turn were - poE con'
greater thhh thoso IN nv corIe-
spohdlng period year uko, IL ono
pres, NJ RUE o, Cu'sui' sun pLipn p, ~ .uu-
tlnued durIns June anu Ju,y, ,ne 70,
lai luI tne pVP Soar WI 'pui!t 5.,.t ~
nehty s,N mum ""'s1 iii ~ ,,s "
uuiIIb w w S"i"v '',''' NJ, w. W., ",'t1''.
ataWn snbnvy ",otu & 'nan i, ',n,,iin,' 'nUii,V'
81 ulI''lul n1'v9 ',"ln w W pP'',S'
AZ ,ns Hytu" Sivnu Son az ~, - a, CVp ,,,s
,o,alcu V.iy ''uyV''VV -. ~ ''.ui
peileNsu that .,1 yr','i,,,',si ,o,J, W
na'e peon IouuJ.u ti W "pptiVNtu"' pp.ii,
~ Hpuu,VuV na''s, ~ WI ~, ~
Iacl, soilo"na' i'Ss s,n 'tan m ~, ~, ',n, ~
frospects lor WI 'Iop Nv s,'s
ooHlns year ,H, neaIWn'.' iyi,las,,ou W N,n'a
douulIui, anu oP.'"'aSSS III tido 4'uW
liaihpsnlre 'eN.Iio h',.is 49, mo Az
ported 10 pe showing srea'Vr u'"'
Pus,tlon 10 'etp,n W WIN ,,,
The week, whlon orousnt unusu
any hrse llnanclai % %ltunsa.'lons ny
the treasury, passed Wlthout ereas,ns
any uis'urpaheeS III the n'o'eS ih"'
ke,; ....,,. ,,.,,., ,o
muse u"hauItluhs, WIZ" ~.
tereo 9sno do, o tiCiuueu nnn ~ @ WV 'u'.vu- .'
tioh OF ssVV'ouV,VvV =" i'tou'no on tnAos'
me puytneut oi Sis9,VvV,uVV ili in' :,
est on idDertS Donus, tno phSlns Uii
Oh sooV,VVu,VVu ~ i,ut ins w w
cates o. ihueodeuness, nd e ,J wy Ioueii,p
wv. OF ssou'VVV,Ooo ~ iVtoIS ~ no'vs ,
ana tne Iiotatloh Oh sSOV'oVu'uVV III
new eeIutIsates.
t'ii Mohcy hn'e no"rr'
Inc rate on oaIi money, tne nost
sensitive indeN OF the iharhets con-
nitioh, ruIeu at cIose 10 . per cen.
throushout lne week anu az -
per cent toucneu What was Vlrtuany
new low since oetoDer' isiL inc
reserve ratIo Oh me comolhed teuerhl
reserve system receueu blBntIy put
ms was directly que 10 an increase
ny government ueposlN Whlcn IN
turn may Dc traceu 10 the transhc-
tlons OF June 10, both note clrcu-
IaiIoh anu discounts were loWvr' CIR.
tumftunGNH WnlCn suggested tnHt