The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1922-09-28
N SIS

Sioux city JournaI-Material gains
IN business development actually have
been made and reported since the end.
Ing Of the miners and shipments
strikes, which insured the digging and
hauling Of the country fuel. one Of
The outstanding features in the ad-
Fancements made is the residence with
which the iron and steel producers
spraug back into operation. The big
plants had been forced to curtail work
IN d degree that threatened a serious
shortage, especially as to immediate
needs. Now they are moving at a con
stantly increasing speed, with the gen
eral average OF production in the Penn
s~yIyania and middle west districts
placed at about S. per cent OF normal.
The iron and steel people are aware
Of a condition that has been existing
in this country for some years, and,
for the first time since before the
world war ended, are making prepare
lions 10 meet the demand it will make.
That is the imperative need of the big
railroad lines for equipment TO restore
their properties to efficiency. Not on
~ are the lines contemplating replace
Ments, but, from the time when the
government under the war time act
took over the roads, there has been
practically no expansion. Ii may be a
llttle early, following the partial set
Element Of the railroad labor troubles,
10 expect announcements Of new track
age contemplated, but this is inevitable
needed and SO will additional locomo-
tiyes. More steel cars are to be built,
and freight equipment has been al
lowed to run down. The roads, in car
rying out their plans to improve the
service of transportation, Will be com
PEELED to invest hundreds of millions
in new equipment.
The motor car output for the month
of August was the record for the year,
totalling PIP, 900 vehicles, an increase
OF II per cen over the production for
July and a gain OF SO per m over
August of last year. Still dealers ev-
~erywhere are complaining that they
canno get cars to supply the demand.
The way motor ears and other motor
vehicles are selling proves conclusively
that the automotive manufacturers
knew what they were about when they
carried their plans for reconstruction
forward at a swifter pace than those
in any other industrial line. Some cars
are for export. but the major portion
is sold right here at home.
Wheat prices went up the moment
Turkey became b%elligerent toward al
lied occupation OF Constantinople and
threatened war. That condition is one
that may last for some time or may
collapse suddenly. War scares in
wheat pits always have a jumpy effect,
nor does II require much Of a quarrel
10 start something OF that kind. Wall
street refuses TO attach much impor-
lance TO the war talk from London
and Asia Minor, the attitude Of the
ti~nanciers being reflected by the in
creased strength shown by foreign ex-
change. The franc and the pound ster-
ling both made gains when the reports
from abroad were most threatening.
Foreign bonds also are strong in the
New York market, which would indi-
cate that there is no great u~neasiness.
Chicago reports the highest price for
steers, s11.75. reached in a year. Choice
beeyes, light hogs and lambs are sell
ing owe a wide area at high prices.
The impetus given to live stock several
months ago continuing in a way to
make the returned confidence OF the
producers permanent.
The most impressive development In
business at this time Is the fact that
pay rolls are increasing In size with
reference to the number of men en-
ployed. Several strikes having been
settled, the agreements have innu'
enced other related industries TO an
appreciable extent. Henry Ford has
given the order for reopening his ex-
fAn afyn x~s~ -lc~a A~Uvotnfn0