Every evening, Wilmington daily commercial., 1922-11-20
BUSINESS RECEIVERS
DESPITE HANDICAP
Unsettled Foreign Conditions
Indicate Solid Trade
Basis Here.

The business recovery has progre6s-
ed in spite OF the unsettled foreign
conditions and the recent protracted
strikes in this country. showing that
the movement has had a eolid foun-
9atlen.
A total Of 3,s01,<2S tons of sugar
have been exported from Cuba to this
country this year and 1,142.046 tons
to other countries, making aggregate
exports OF 4.943,474 tons. During the
corresponding period of last year
2,425.90 tons were exported, Of which
2,071,364 tons came to the United
States.
Maintenance of building oonstruc-
ton on an active scale Is q feature
commented upon in many dispatches
from different sections of the country,
and the records OF permits issued at
leading cities during October makes a
favorable exhibit. With 100 centers
reporting to Dun's permits involving
an estimated expenditure of about
$1S2, 500 ,000 last months statistics dis
closed an increase OF eos per cent over
the amount for the corresponding per-
iod OF 1921.
Dun's Review says: The fact stands
out plainly that pressure Of accumu-
lated orders maintains output at 4
| relatively high level in leading indus
tries, and IT is not uncommon now to
hear OF some manufacturers being
| engaged further ahead than at any
| time in two years When the results OF
the current year are analyzed fully. ii
will be found that there has been A
substantial revival from the depres-
sion which followed the collapse OF the
after-war boom in 1920, and that pro-
vious records have been surpassed In
| certain instances"
The leather situation, broadly con-
! sidered, Is characterized by diminished
| activity and leesened fir1nness in pri-
ces, altho many intsrests regard this AZ
temporary phase. Latest available
statistics show a reduction in stocks OF
leather on hand.
Last week in iron and steel was
marked by continuance Of the active
railroad and building trade demand
and by the highest rate OF blast fur
mace and steel works operations Of the
year. General buying has recently
abated, but railroad equipment pur-
chases are maintained in heavy vol
ume, and building construction thr>o-
out the country calls for largo ton.
mage OF material in the aggregate.
With most buyers holding Of, tn,
luA in hide trading which developed
early this month has continued un.
| broken. The abatement of demant
! occurred only after a heavy businee.
had been effected and price, had riser
steadily.
While new business in textiles thi,
month has not eQualed the Octobe;
volume, demand is we'll maintained 10
the season. and further strenTthenin,
of prices has been witnessed. A fea
ture of the current trading in tho con
unued purchasing by retailers in mod
crate lots for immediate shipment, an,
smaller stores are ordering more freel,
for spring.
Iexule outputs generally are sus
tanned at the higher rate recently ee
tablshed, with two OF the larSes
manufacturers Of staple hosiery no,
more fully sold ahead than at an
period in two years. Last week houch
numerous additional price advances 1
cotton and other fabrics, and priu
| cloths reached the 10-cent bas.e 10
the inst time this year.
New buying has not held at tn
recent active rate in some inportar
markets reports Dun's Review, "bu
many interests are 80 Well supple
with business that the diminished d,
niand does not effect sentiment ai
versely. With an inventory perio
| close at hand and a holiday seaso
| approaching continuance OF IN
| slowing DOWN process in other tina
! reIAu branches would not be surpr.1
ing nor would it be reason for los
4 ,Qf confidence" -0-