Evening star., 1922-11-24
STEADY BUSINESS
.UPSW|NG SHOWN
Prices Also Going Up Rapidly,
Department of Commerce
Report Announces.

All information about the condition
; OF railway equipment is received with
eager interest now in financial circles.
because much of the spotty condition
of industry throughout the country
has been due to the inability of the
| carriers to furnish adequate motive
power.
At the present time, so it is re-
ported in equipment circles. inquiries
for both cars and locomotives point
to continued buying throughout the
| entire winter. pending business. it is
estimated, covering approximately
10000 cars and more than 200 loco
motives.
Coincident with this prediction is
the report on the survey of current
business during October. issued last
night by the Department of Com
merce, in which it was shown that a
greater output in many leading in
dustries of the country occurred in
october than any month during the
past two years and that economic
conditions are approaching rapidly
the 1920 levels.
Car Shortage Still Serious.
The statement of the Department
oil commerce said:
The clearing up of the bituminous
coal situation has enabled the steel
mills to increase their operations, but
the untitled steel orders continue to
gain. PRODUCTION of both bituminouS
and anthracite coal shows further in
crcaSeS. but the transportation situa-
tion, with d record postwar shortage
OF cars. is still IA limiting factor. not
only for coal. but steel, building ma
terIalS and other products for which
the demand has increased.
''Dwindling stocks, delays in trans
portatlon and Increased wages, due
to labor shortage. have combined to
raise prices to IA marked degree. The
volume of business, as reflected in
sales of mail order houses, chain
stores and in bank clearingS and
debts, continues to increase and eX-
pand to meet these conditions. This
has resulted in a rise in interest rates
and !; fall in bond prices. Taken al
together. the statistical indications
reflect conditions decidedly III the
upswinG of the business cycle"
Order Aids Car supply.
y further relief from restriction
against the use in other traffic Of
railroad equipment suitable for coal
carrying was given yesterday in a
new order issued by the Interstate
Commerce Commission.
Hereafter railroads which have
been required to hold all open-top
ears with sides higher than forty
TWO inches for the transportation of
coal may now use all open-top cars
with sides lower than forty-eight
inches in any class of traffic desired.
The order will release a Considera BILE
number of open-top cars for trans
portation of steel. building materials
and other commodities.
"SiIent Tcllers" Success.
So successful were the silent tell
| srs'' Installed in different sections
Yesterday by the District National
the Institution. said today that instead
OF the eighteen placed already in
operation. many additional collectors
! would lie rushed into action i'm
! mediately.
! These machines are to aid thrift.
| They sell stamps in various denomina-
| tiCns, which the saver pastes on a
| card. When the card is filled. the
| customer receives d deposit slip for
that amount from the bank.
Bankers Speak Mt schools.
Victor &. Deyber. president of the
Second National Bank, launched the
campaign of the bankers committee
on public education at the Columbus
Junior High School at noon today.
when he gave talk on THE General
Idea of Banking" II. V. Haynes gave
a similar talk before the students of
Western High School at 1910 and l 10.
| From now on other speakers will be
;:sSIEncd to the various high schools
and also to the seventh and eight
grade pupils. 1t is believed these
, talks will be a great benefit to the
young people of the city.