The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-06-06
PITTSBURGH.

production in this district is on as
large a scale as the supply of fuel
will permit and new business is ex-
eeeding the output Of the plants.
Mills and furnaces. are running be-
tween rs and 100 per cent of ca
pacity. Third quarter prices have
not yet been announced but some
business has been booked for de-
livery during that period of the
year at prices to be named later. In
a few instances premiums are be-
ing offered for delivery during the
third quarter and there is a gen.
eral expectation of higher prices
for steel and steel products.
People here are spending money
on an enlarged scale but with more
discretion than during the big
money" period Of war times. Homes
and business structures are going
up at a rate which is creating a Ia
Dor shortage in the building crafts.
In May 7s7 building permits inyolV-
ing S3,e37,0l3 were issued in the
city proper These figures com
pare with 573 permits requiring
+ 81 ,651 1858 in May, 1921. OF the
May building business, $1,435. SAB
viii be expended jim the erection OF
single residences.
The largest insurance agency in
this district has exceeded all pre-
vious monthly records for FIVE con-
secutive months in the amount OF
business booked Seasonal lines OF
merchandise are moving freely and
the outlook for all the lines of re-
tail business is regarded as bright.
ST. PAUL.
st. Paul, June Manufacturing
operations in Minneapolis and St.
Paul are nearly normal Unem-
ployment practically has disap-
peared and business conditions
throughout Minnesota and neigh
boring states are better than at
any time since 1918 according to a
survey made by state and munich
pal officials. The result of which
was reported today. In May, EN-
ployment gained 10 per cent in st.
Paul and 4.3 in Minneapolis There
is still small surplus of labor in
some of the Minnesota cities but
this is being rapidly absorbed as
building, farm and factory opera
tons increase.
Excellent agricultural conditions
continue to spread optimism. The
stand OF rye is exceptional and
heavy crop is regarded as certain
as droughts in June in this section
are rare. Growing weather has pre-
vailed for two weeks and corn has,
some small grains, which had held
haa oh ~
Flour mills are operating at the
normal rate but manufacture OF
farm implements is not keeping
pace with other manufacturing in
dustries although business gener-
ally is returning to the implement
plants. Railroad officials forecast
heavy revenue losses from the
freight rate cuts to be put into eff
feet July 1, but they report stead
lily increasing traffic in most lines.
Shop forces are being augmented
and large crews of track and bridge
laborers are being recruited.
NEW YORK.
New York, June 6.--Buyers are
fiocling into this market to pur-
chase their fall merchandise and
jobbers and wholesalers report that
while the volume of fall business
is not extremely large as yet. indi-
cations point to an excellent de-
mand this month. The textile plants
in this section have shown little
change in the volume of output but
prices are firm and distribution is
on slightly wider scale. The silk
business, which has been dull, is
picking up. Orders still are for
small amounts but their number is
| increasing steadily. Increases in
prices of woolens and worsteds not
previously advanced. by the leading
producer, were fully expected and
have served to stabilize the mar
| ket.
The cloak and suit trade is be-
ginning TO purchase furs for trim
| ming purposes and manufa curing
furriers are receiving good orders
from their statesmen and buying
raw skins in increased volume. De-
mand for hides and leather has in
creased in this market and higher
prices are the rule Active buying
of shoes at retail has not been good
but purchases by retailers have
been more frequent recently.
Bathing suits are moving rapid
ly and knit goods in general have
shown more steady tendency