The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-11-25

~ j. c. ROYLE.
r1aht 1879. hY The Areua.l


M. N. r, Nov. 26.Henr
re largest manufacturer
Ssr cars in the world, eaid
5Sft the country was . loig
srm being fed up on aut0uno-
"A did not say that for p,.b-
~ although he did not bar
- sublication. He said It to
SsSier1 Of The Argus to show
~ was not worrying about
nfstion point in automobile
ton.
said today that orders were
1S into his plant faster than
SSSnld be taken care OF and
- him this was an indication
ff1erment of conditions all over
sosntry. Rumors have been
q negotiations for additional
I. saants by the Ford company.
he declined to discuss these
- Ford stated today that In
~ 10 taking care Of the needs
! ~ company's plants the COM
Y vas selling coke to its, en-
~ It 4 price Of $3.50 a ton as
.sared with a current price Of
m ton by Detroit dealers, and
r not losing money.
Textile Business Big.
| nm the tremendous volume of
isGotiye business which Mr..
~ statement indicates and the
Nscedented volume OF Christ
= shopping business by the job
= and wholesalers reported this
~ could obscure the importance
. 6e large movement under way
= - textile industries. Northern
Rslils mill interests are negotia-
m for the purchase OF southern
Ills, In eventual scope these
|slInes may mean expansion and
uasolidation of cotton mills which
III reach negotiations Of national
bpoftance.
Non-dividend cotton mill proper
3 which have been barren for
neral years to their stockhold-
mare in positionsto pay dividends
"a successful operations o. the
v quarter of 1922. The more
Ioperous plants are preparing to
kAre stock dividends to avoid
1nent of federal taxes and re-
= ruling OF the revenue depart
IT The Marie mills of\ New
II today announced the pur-
~ Of 10 southern mills in Geor-
\ and the Carolihas. and many
Iuthern plants made simultaneous
Of ambitious plans
s1pansion. The reason is plain
h southern mills, knowing the
n cotton shortage was caDing
WED acknowledgements IN time
ksre now ,reApiHs the benefit.
Steel Merger Completed.
announcement Of the purchase
| DE Midyale Steel & Ordnance
many and the Cambria Steel
npany BY. The. I Bethlehem Steel
rtusatioh. WAS anything but un-
pected. In fact, financiers and
tlI street wondered why there
y so much delay in consuWma-
sa0f the plan in view OF the very
I'll known attitude Of the fed
n. trade commission, which was
lssd on the Clayton act. The very
1t that the reorganization and
niger provided for acquisition Of
\ plants and other physical as
rs Of the Midvale and Cambria
without specifying &C.
piiltion of stock. clearly brought
y merger within the requirements
often laid down by the federal
ID commission.
Futher encouragement Of the in
ustrlal situation is seen in the
Iiversal reduction OF coal and
w prices all over the United
'ates. Production has more than
lstht up With demand and the
lllfoads handicapped in respect to
Nf shipments. hSve been able to
lsf . volume of coal into retail
lafkets which has been sufficient
more than meet requirements.
HARDWARE all over the country il
excellent demand. This il es-
rAlly true OF builders hardware
y supplies for farm requirements
~ not been a whit behind. iihe
nan has signalized this demand
y IN especial rush On the retail
laftets.
Sallding operations have been &c
ansiye as TO require formation
leY building and loan .associa-
"a which have been chartered in
|1nfeCedcnted numhars in tina Ia at