The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-08-12
GENE RAJ TRADES
MOVE ON DESPITE
STRIKE PROBLEM
Dealers Trace Improvement to
Confidence in Crop =
Possibilities.
JoBBERs BUY CAUTIOUSLY
Confine Purchases to Small
Orders With Subsequent
Business in View.
RM " Il. GRINES

United Fi,samcioI StGf Correspondent
NEW YORK, Aug. 12.-Strikes nat
uraIly remain the primary considerat
ton in business. but the remarkable
feature is not that they have slowed
down progress, but that business does
go ahead in spite OF them
A coal strike has brought a fuel
shortage, the probability of fuel fam
inc next winter priority orders and
the closing of some industries. Still
there is no change in the tone OF CON
fidence.
Apparel dealers in New York de-
scribe business as better than expect
ed and big merchandise fair can
draw thousands of buyers, who not
only look but buy. The last two weeks
have ended with the coal strike on
the verge of settlement and that is
true this week.
Probably the big reason for the I'M
derIying confidence is the condition Of
the crops as shown by the govern
ment.
This is the weeks lineup in the
principal industries.
Corn and Crops
In earn, hay, potatoes. apples and
some of the other crops. record yield
crops are possible. In the grain crops
The high conditions OF July are main
tanned. Cotton needs rain in sonle
parts of the South. but the condition
seems quite as favorable. If not more
so, than in recent weeks. Prices of
grains have made new lows this week,
but cotton has been sharp rally.
Iron and Steel
Bradstreets say about Is per cent Of
the furnaces active July are now
die because Of the coal strike. Pig
iron is up 81 and 81 for the week and
up 81 and SIS as compared with
month ago. Finished steel, according
% figures by the Iron Age is So and
SO higher than a month ago, but the
ndex numbered thfs authority is So
lower than year ago. The average
price of eight principal iron and steel
prices is SASH this week and s47.02
last. Unified orders are at the high
est point since April, 1921.
Dry Goods and Textiles
The national merchandise fair in
New York has brought upward of
) 900 buyers and retailers. Buying for
the most part is in small lots. There
8. however, opinion that q late but
large fall trade can be expected.
Woolens and worsteds for next sea-
son show more activity than any
other line in the textile trades.
Automobiles.
Price cuts helped the automobile
business because It convinces the COM
Stunning public that the industry is
ready to pass on the lower cost of
production. Unified orders, which
were large at the beginning OF this
month. may show some but not much
reduction because Of the price changes,
Building.
Building figures for July record a
reduction under those of June. but
still are far ahead Of those of last
year. Lumber business is brisk and
prfcsA remain firm and have an up
ward tendency.
Railroads.
Total car loadings for four full
weeks of July reveal 3,SOo,os0 cars
loaded on the country's railroads as
against s,461, 900 cars in the proceed
ing four weeks of June, a rather small
effect Of the railway strike, although
he increase in movement Of new crop
wheat would ordinarily have brought
a gain in car loading. The July move
ment was approximately 100000 cars,
or 10 per cent ahead of that of a
year ago, when wheat movement was
very heavy. In June the movement
was II per cent ahead Of 1921.
Reports filed with the interstate
commerce commission show that 1919
out of 200 class one roads had operat-
ing revenues totaling s472, $50, 900 in
June, which was an increase Of 21s
per cent over the same month last
year, while their operating expenses
amounted to 1858, 335, 900. a decrease
of Al per cent compared with June.