The Washington times., 1922-10-26
FINANCE
- AND
BUSINESS
" n EpRBEs.

~he most netewprthv fe4furs OF
current Developments 10 the very
feature. which n carried too Ear.
would lead to disastrops conditions
'aftersa period Of More Or less ex.
cited business.
This feature Is the marking ap
of prices. ss,s "A I !.
.s.&SFga ..,t 1 -
Just what Is, happening?
L United States Steel Corporation
has advanced pipe prlees 81 to IS
q ton. - % ~; t.
Cotton crossed 20 cents a pound,
a price not squafled since 1920, on
the down-swhg from the AZ cents
quotation. ...p.,s,.
Print clothes have moved to new
high price. r.. .s-sr
wool Prices Generally Higher"
reports the leading trade, authority.
Wo0len goods have also been
marked up rather sharply. /"
Sugar Joins the Advance" reads
another, headline over an item
which records an advance Of ,25 per
cent In Cuban raw within the last
month. .6.
"The crude rubber market showed
an advance yesterday of more than
3 cents for spot crude smoked sheets
to a figure. 10 cents D pound above
the years low OF rs cents, says
smother newspaper. time. This is an
advance of n per cent.4.
Raw silk has reached 80 a pound
for Chinese and ss.25 for Japanese
standard qualities, ,...> : Il.
Leather apd- hides have also risen
during the last week. .a,f ~
Butter and cheesN have both been
marked up.
SO have eggs. onions and peas. :
+ Wheat has enjoyed a pronounced
advance. and 10 nov. very substan-
italy higher than a. year ago.
Corn last week stouched.a a new high
quotation for the year. and is ap-
proxirnately 80 per cent above the
price It commanded at this, time last
year. s ,.a. gH.sa,
Cats have also broken into new
high ground for the year at d very
substantial advance over aiyear ago.
Flour likewise moved up last week.
: Lead, spelter and tin went higher.
The lumber a trade reported ad.
rances In several varieties OF tim.
In the stock market higher prices
have ALSO been the order Of the day.
Stock records showed. that n new
peak for the-.y Year swes reached by
.he middle 'of the week. j. n. =
| Bonds, however. did not do quite
so well. and are now down an aver
age oflseven points: from the years
ton quotatiOIl.i ~ =
sfncidentaiiy. both = these move
ments are strictly, In accord with
forecasts made In this column.
In -view,slef the somewhat, pro.
bounced upward price trefd. lti is
not astonishing that bank loans
have Increased rather substantially.
that sthe - Federal reserve banks
show another decrease in the re.
serve ratio, and that more loans are
now being made not on the Dor.
rowers' but on the lenders terms
Five per cent Is usually charged
for time loans In Wall Street. Com
mercial paper SrateS AZ a conse.
lauence are stiffening.EF -, ~ -. -.
/ Now. 1t is well that our agricultural
population should receive better
prices than they have heretofore
been receiving for their products, be
cause IL is essential that the gar
between what they have to pay for
the things they. need and the price
they have been receiving for what
they sell should be lessened II the
country is to enjoy. ali-round pros
perity. ...g .'....F'. -.
But the boosting 4 Of non-asriciii
tural products may easily be cnfried
| 30 far as to restrict consumption
Indeed. there are indications tina,
high prices and high wages are
checking building activity. Re
tailers declare emphatically that de
mard for certain cotton and worstec
goods has been chilled by recent
advances. &C.. -