The Dawson news. (Dawson, Ga.) 1889-current, 1922-03-21
|IIP THE LADDER ON
| WAY TO PROSPERITY
busrNEss CONTINUES TO PICK
/ I'D ALL ALONG THE LINFgfl
IS THE REPORT.
no CUT FREIGHT RATES

ror;4s on a Number of Essential
Cor,rnodities Will Be Announced
Before April lst'
Il NEW YORK, N. Y.-Reports from
,,nos+ every line OF activity to ma
&ons1 trade associations and govern
49, officials here state that business
,-;no the past week has continued
nick up and that indications point
still further improvement.
In Washington interest is centering
the forthcoming decision on freight
tes This decision is expected soon.
effect on business will be extreme
Isl beneficial.
eight rate reduction on all basic
sn5modities with the possible eXcep-
=, nj grain. rates on which already
I'VE been reduced" a representative
large trade organization said.
Mye believe that the interstate COM
cree commission will hand down its
Necision within the next three weeks
nj that the decision will reduce rates
a coal lumber, building materials,
H. and steel, and some other essen
&aI commodities by an average OF 10
Aer cent.
\ This view is shared by other trade
ssociation representatives here and
N the executives of some railroad
companies.
Coal Situation Hopeful.
\ The coal situation seems to be clear
H., Coal operators and government
sfcial alike believe, in view OF the
Hanged conditions in Illinois, that the
Bit coal strike will fail. The operators
West Virginia, Pennsylvania and
Elsewhere are convinced that there
i Fiji be no miners strike in Illinois.
Geological survey statistics indicated
bat industrials are stocking bitumi-
lous coal at faster rate than ever
before. By April /, the date OF the
threatened strike, these figures show,
Eonsumers will have on hand from
i 100000 to 70,000,000 tons. The
Eountrys stock pile today probably is
llmost as large as at the time OF the
riuistice.
4 long strike, however, is feared by
bperators in the anthracite field. There
las been no industrial upheaval OF
Magnitude there for so many years
hat on general principles, as some an
Ihracite operators see it, big strike
5 overdue
A Remarkable Showing.
Financially, the stage is set for an
hdustrial revival. The current state
nent OF the federal reserve board dis
Hoses the following heartening situa-
6on
Within a week the II federal re-
'erve banks have increased their gold
Holdings by nearly $50,000,000. During
|he same period they have reduced
|he amount of their loans by more
ban $70000,000 The total of these
pans stands today, according to the
kport, at $732,000,000. A year ago the
.Ptal was $2,515,000,000.
In the face OF this remarkable show
Eg the chief national banks-807 in
sumber-put an additional $67 ,000,p
aDO to work in developing business
Enterprises within the week. Further,
p business men added Sl0l 100000
4 their accounts with these same in
@itutions.
4 The federal reserve system alone at
@IS time, according to the boards re-
Pr could safely extend more than
Il O0O,000,000 in additional credit.
4 Freight traffic continues to improve.
8he latest statement of the associa-
r. OF railway executives shows an
Rcrease in the number of cars loaded
8rng the week Of 1904 over the cor
&sponding week in 1921.
Money Still Plentiful.
8 Steel prices have hit bottom The
#trc reduction since January l is es-
mated at about 81 ton. An upward
8tnd III prices is expected, especially
q view OF the increased demand in
HnoSt every specific line. Pig iron al
#ady has advanced about 81 ton.
81 TTeat activity is reported at some OF
%e automobile plants. At five repre-
81 ltatlve factories sales during January
n February were more than double
- during the corresponding period
q 1921.
ne textile strike continues a sore
- III New England and one of the
8aJor instances of industrial trouble
the meantime the south looks for
- TO another small cotton crop.
e department ,of agriculture esti-
a'es that there are at present four
hve times as many boil weevil
vac III the ground as there have ever
en before.
u one big industry business is fair
launched on what appears to be a
return to prosperity. This is the
rdware business. The demand is re-
Tea to be the best in many years.
money continues easy and plentiful,
toTdng to the federal reserve board,
securities still are climbing slowly
81 Ormer C,aoro;o1 III