The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-11-13
FREIGHT LOADING
SHOWING GAINS
Business in General Con-
tinues to Improve;
Coal Moving
HELPS IRON INDUSTRY
Fail Trade Active; Despite
Profit Taking, Cotton Has
Taken Big Rise

NJ the Associated Press.
NEW YORK, Nov. 12.-Continua-
ton Of the persistent improvement IN
Industrial Improvement In Industrial
conditions is indicated by the various
business and financial indices which
Aecome available Suring the past
week.
i.ladings vf railroad cars with
revenue freight show further gains,
both in coal and general merchan-
The total loadlngs for the week
ended October 2S. amounted TO IL
0l4,UO0 cars which is only 1000 cara
less than loadings In the week en6ed
October Is, 1890 when the htgh
rSHord for all time was set. u IA
clear. furthermore. that an even
larger volume of traffic might be
moved II the transportation faclli-
ties were available.
Coal Production Up.
Soft coal production has been es-
iablished at a level of Approximately
lO,700,000 tons "A week and the
whole fuel situation Is growing dis
tlnctly easier. Stocks are returning
20 something like normal proper
lions and the schedule of shipments
10 the northwest by way of the
great lakes which enjoyed priority
has been met. Some observers now
20 so far as TO state that the danger
Of coal crisis during the winter is
past. In any event, the cessation OF
fhe movement to the northwest
should further ease the car supply
situation, which already has shown
somn improvement.
Meanwhile. 1t Is evident that the
better coal and transportation sittia-
lions have been of distinct help to
the steel industry. October's pro-
ductlon OF both pig iron and steel
exceeded that In any month In the
Nst two years and the country's
steel plants are now working at
more. rather than less than 10 per
cent OF capacity. Despite the heavy
rate Of output and shipments dur
uE he month, the steel corpora
TONS untitled orders increased by
slightly more than two hundred
thousand tons and the total now
stands at 5000, 900 tons as compared
with 4,140,000 at the end OF last
February.
Confirmation OF the many evil
dences OF active fall trade are found
i'm the money market and bank re-
INI ~ INlAl VI tii' ANNNA a.
reserve bank are stlll growing and
the rate on bankers acceptances
shows n tendency toward additional
firmness. Similar indications are
apparent furthermore, in England
aud there. a. here, commodity
prices promise TO go TO higher rather
than lower levels. II remains abund-
antly clear, however. that ample
credit resources remain In this coun-
try, and that any sharp rise in the
price OF money is unlikely.
Strong Rise In Cotton.
As far as agricultural products
are concerned, the feature of the
past week has been a further strong
rise in cotton. Despite heavy profit
taking which had no serious effect
until near the end OF the week. the
December future rose to5- 90 SOC,
which IL more than 6 cents above
the price existing on October 2. In
cidentally, the census bureaus GIN
ming report shows that $4,000
bales were ginned prior 10 Novem-
ser !, out OF a crop which has been
estimated variously at between o.
1000 bales and 100000 bales.
That the high prices which have
prevailed for this commodity mean
better business conditions In the
south IL obvious
Wheat prices have sagged back
somewhat from their late high, but
have retained the greater part Of
their recent gains. II would appear
that these gains were caused largely
by foreign buying, which has now
been suspended on account of the
foreign exchange situation, pro-
nounced weakness in German marks
and the currencies Of the continent.
al allies, has been In fact one OF
the major features of tho weeks
financial situation. While autumn
purchasing and speculation have
played a part. most quarters con-
sider that the unsatisfactory status
OF the German reparations problem
has been the leading factor In the
foreign exchange decentralization.
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