The Washington times., 1922-10-25

Iront and steel production recov-
cred from the-low point in August,
although not yet back to the. level
or a few months ago." says an ad-
vance summary, UNTITLED orders
Tor steel Continued to pile up while
prices for iron and steel Increased
'NSsf prod in recent weeks
has been Sfairly satisfactory, al
accumulated; against the demands
of colder weather. Bituminous pro-
duction Is clearly limited by trans
portatiop facilities. e.. .-..
THE railroad situation Is becom-
ing more and more the key to in
dustrial activity. In addition TO
the shortage Of cars for coal, re.
ports indicate that movement OF
crops, building material and other
products are being delayed.
MANY movements, including build
Ing construction, automobile pro-
ductions and certain foodstuffs, are
showing the effect Of seasonal con-
ditionsaS
Prices remained relatively steady,
with advances in some groups or
Get by edeclines in Others.
4 Cotton Consumption Drops.
sEmpioyiment continued its ad-
vance howard normal, reaching In
September; its, best condition since
Decenber, 1920, az regards New York
. Stake. ~ PenRsylvahia showed the best
condition since data for this move
lnent, ha2e been available for that
State, that is, April, 1921. United
States,postal saving continued to de-
Some decline occurred in the
consumption of cotton by textile
mills In September. although the totai
of 4eb,344 bales is slightly above the
average consumption for the preced-
ing eight months of this year. Elk.
ports of cotton were some $4,000 bales
greater than the very low record in
August, but are still: far below what
they were a year ago. - September
exports amounted to SBS,S $50 bales.
Tn average monthly exports for the
first nine months Of this year have
been approximately 100000 bales. For
the same period last year exports
averaged 100000 bales per month,
while in. the pre-wart years exports
averaged more. than TOO. 900 bales per
..Tfe price OF wool and Aof woolen
manufactures showed little change
compafed with the preceding month.
Receipts ,Qf wool at Boston In Sep
temter ~ amounted to" '21 .304 900
pounds, or only half as much as ip
August, and the lowest for any
month or fHfs year. = IEfs1%f
Silk Holdings Up.
'tSiik consumption, as measured
by warehouse Withdrawals. totaled
sl,212 bales in September. or only
q little below the high record at
tained i'm August. Stocks of raw
silk showed a large increase in
Septefifbeps with a total Of 36.795
bales an hard. This is the largest
holdings reported since December,
1920. The, New York price of. raw
silk. increased more than SO cents
per pound in September.
'-The production of both pig iron
and steel ingots recovered some.
what after the decline in August,
due to the fuel situation. The
September pig-iron production to-
tailed 2,034, 900 tons, or r21S,OOO tons
more than In August, but still be.
low the recent peak of 2.405.0
tons reached in July. Steel ingot
production. prorated to 100 per
cent, rose from 2,532.OO0 tons in
August to 2,714,000 tons in Septem'
ber, but Is below the maximum
reached in May of 100000 tons
Insote production, SO far this year,
is nearly 20 per cent ahead Of the
same months of 1921. Merchant
pig-iron production increased in
September, but shipments. untitled
orders and stocks all declined
"Unfilled orders of the United
States Steel Corporation continued
TO increase In September. reaching
A totaT OF 6,6g2 900 tons, or 742, ,080
tons more than at the end Of August
Structural steel sales declined slight.
iy in September. The movement OF
iron ore through the Sault Ste. Marie
canal showed a decline of nearly
$500, 900 tons, compared with
August. The prices of all iron and
steel products rose sharply during
SeptembeF." r..