Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-07-31

effects of the twin strike. Iron and
steel production continue far above the
average of the past six months; car
loadings. according to the latest figures
of the American Railway association.
are holding UP surprisingly and exceed,
by MANY thousands. the carloadings of
any week during the winter with the
exception of the period imm ediately
preceding April l..
Little Check Felt
Manufacturing and building con-
structiop continue at high levels, the
Inter at the peak of it's trend, which
in itself is a record breaker. Money
continues easy and in such great abun-
dance that prevailing low interest rates
show unmistakable signs of going low
err. Business is moving along IN gen
eral. these reports state, with some
little %diminution. caused solely by the
strikes. but with the dimlnution little
and not great.
On the other hand two of the chief
railroads of the country. the Erie and
the Wabash. are reported to be ex-
tremeIy short of coal. and have cur
tailed operations. The section in and
around Detroit is on scanty coal ratlons
and the three chief carriers OF non
union coal from West Virginia tields
have embargoed virtually all other
freight in order to swell the volume
from the mines they serve TO clamorlng
industries.
Auto Prices May Drop
With road building and construction
at top speed, word comes from Amerl-
cas- third chief industry-the camp OF
the automobile makers-that the high
tide OF the boom is receding somewhat
and that production shows signs or
dropping because Of lessened demand
Decentralization Of autos appears as a
spectre to mar the prospect of unal-
loved prosperity. The Ford camp Is
reported to be 100000 cars behind on
orders. but other companies, geared to
high speed, are catching up, some have
caught UP and others already sense a
coming surplus. Another period OF
price cutting appears among the posi-
bilities.
In the rubber tire industry price cut
ting already has set in as the result OF
mammoth over production. Some or
the best known manufacturers have
recently placed cord tires on the mar
ket at so-called popular rates. or from
to one-third below the
prices Of their fancy and greatly ad-
vertised lines. Other companies, It IS
thought, will follow.
Road Earning Grows
Railroad earnings for June are being
reported daily to the Interstate Com
merce commission. AS q whole they
show a remarkable growth in net in
come over the corresponding period Of
1921. Here and there individual roads
have suffered. notably the coal car
riers. but the big lines with W or three
outstanding exceptions have prospered.
The New Haven, for instance, reports
a net income of SS50.000 as compared
with a deficit Of $50 900 in June, 1921.
Other roads for June. 1922, and June,
1921, respectively show the following
comparisons:
Rock Island, S1.7S3,O0O and S1,0SO,-
600: Wabash. SS01.0 900 and $4,000;
Chicago & Northwestern. $2.3S9.O 900
earnings last month deficit of 1894. 900
in June a year ago: and the Big Four,
S1.S270OO and S751 900.
Among the coal carrying roads the
figures vary. The Norfolk & Western.
for instance, earned Sl,247, 900 in June,
1921. and nearly three times as much,
or S3.4O4, 900 last June, due to the in
creased volume of non-union coal
moved over its line, while the Della
awre e. Hudson. an anthracite carrier,
reported a deficit of 10000 last
month.
The federal reserve statement for
the week shows little change from the
sound position Of the banks during the
weeks preceding.