The Rock Island Argus and daily union., 1922-02-17

pacity production is expected in
the near future. Recently the COM
pany fired 80 ovens at Carpenter
town. The II. C. Frick Coke com
pany is expected to largely in
crease production in q short time.
GRAIN.
st. Paul. Feb 1.-THE sale Of
the STE, 5,O00, 900 federal land bank
system bonds has assured this dis
trict of an allotment of $500, 600
which will be used to aid grain
growers and farmers in the north
west. The agricultural situation in
this district is showing decided inn
provement.
London. Feb. 17.-Competition is
keen and prices rule steady in this
for raw market New sales of wool
and shipments from Punt2 Arenas
were well disposed OF.
COPPER
Tacoma, Wash, Feb. 1.-THE
production of copper at the La
Touche and Bonanza mines OF the
Kennecott Copper company in Alas
ka is now averaging 100000
pounds per month. The entire
Kennecott property is operating at
so per cent of capacity, according
to officials of the company.
DRUGS.
Chicago, Feb. 17.@Carbolic acid
and other chemicals which under
went great expansions in price du--
ing the war are now back nearly
to pre-war levels and local whole
sale druggists predict a normal
year in the drug trade. Wholesale
druggists who do a strictly drug
business have been running at
about S5 per cent of normal for
the last year.
STEEL.
Youngstown, Ohio, Feb 17.-Im-
proved sheet inquiry is noted
among the mills here No large or
ders have been booked but there
has been a flood of smaller orders
and sheet makers are talking of the
possibilitp of higher prices.
Richmond, Feb. 1.-THE Chesa-
peake and Ohio railroad is in the
market for 1900 tons of steel rails.
Chicago, Feb. 17.-Chicago steel
mills are gathering in satisfac-
tory volume of steel orders from
railroads that are continuing to
purchase equipment in this terri
tory.
Cleveland. Feb. 17.-The New
York Central railroad has placed a
large order for railroad spikes in
the last few days.
HARDWARE.
New Orleans. La. Feb. 1.-THE
softness OF hardware prices is dis
couraging buying in this section.
Sales of agricultural implements
are very disappointing. Builders
hardware, however, continues in
good demand.
FIREPRR0F MATERIAL.
Pittsburgh, Pa, Feb. 1.-THE
president of the National Fireproof-
ing company said today: IF we can
continue operating our plants in
1922 on the same average basis as
in the last quarter of 1921, W.
would have very favorable year"
IN the last quarter of 1921 the COM
pany's production reached 73 per
cent Of capacity and sales 61 per
cent.
HIDESs
New York. Feb. 17-Dry hides
show no price Improvement in this
market although inquiries are more
numerous. CITY packer hides are
holding up fairly wen and there
IS : good demand for sheepskins.
AUTOMOBILES.
Cleveland, Feb. 1.-THE directors
OF th1 Peerless Motor company
have advanced the dividend rate
from 8 to SO share Business for
January and the first half of FEB
ruaTy was more than double that
for the similar period last year and
the company has over - 4,090.O00 in
cash and negotiable securities en-
hand.
CLAY PRODUCTS.
Akron, Ohio, Feb. 17-AlI the
plants of the Robinson Clay Pro
ducts company here are running
full blast and orders are such as to
insure cont 'nuod operation for some
time