Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1922-03-30
PROSPECTS OF STRIKE
RETARDS BUSINESS
Says Federal Reserve Bank Bull
letin--Money Conditions Are
Improving. II Says
IN Assnclntcd rrnssl

tBy Associated Pross)
ST Louis, Mo-, Mar. 30-The
threatened coal miners strike
caused a Slackening up in buying.
especially for future delivery. ac-
cording to the monthly report Of
the Federal Reserve Bank of ST.
Louis, made public today.
The fuel situation was dcscrib-
cd as weak with production out
stripping demand. and prices cas-
icr in the Eighth Federal Reserve
District, which comprises Miss.
ouri Arkansas, Mississippi and.
Tennessee and part of Illinois and
Indiana.
Storage of coal stocks in pre-
paration for the strike. scheduled
for midnight tomorrow. has been
completed generally by the largcI
consumers, the report declared.
although some still arc being nc.
Cumulattd, particularly 10y the
railroads and public utilities,
Neither wholesaler or retailer
care to acquire large stocks oi
merchandise Tor late spring and
summer distribution until some
thing more definite i, known a,
to The possible effects ou business
of a prolractcd struggle between
tho coal miners and operators. Il
the report stated. "This also is
having considerable effect onl
building plans
Gradual growing optimism and
Improvement in sentiment was
noted in tho report which dcclar-
cd that a number OF favorable
factors were responsible for this
situation, including a strong i-l
nancial position, better money!
conditions. advances in prices oil
farm products, public need oil
commodities, greater stability in
prices OF manufactured goods and |
lighter retail stocks.
The resume showed that fur
thcr decrease in unemployment !
took place, as a result of farms |
demanding labor. factory opera
tions were increased. and more !
activity existed in the building in
dustry because Of buildings costs
being reduced BY wage agree |
mcnts between builders and Ia /
Dor.
I'm increased cotton acreage !
was indicated. the report continu-
cd. and increased interest was J
shown in strawberry growing in
Arkansas and Mississippi. anil
poultry raising in Tennessee. Ar-l
kansas and Mississippi.
Wholesalers and iobbcrs in the
leading cities OF the district re-
ported Improvement in sales over [
last month when dry goods. hard
ware. groceries. shoes. drugs and
clothing showed heavy losses.
The iron and steel. notably implc-i
mcnts. stove. boiler and machin-
cry lines reported good gains.
The greatest conservation still I
obtains in purchasing. little order
ing for future delivery bcingl
done, with everyone insisting on
lower than the prevailing prices.
in staples, novelties and
fashionable goods.
Difficulty in adjustment OIL
wages OF building tradesmen has !
caused tho spring trade OF the
lumber industry to be late. and
the hardware market is declining
10 the report, which
continues:
The slowing down in Collec- u
tions continued. In the tobacco
and rice districts settlements arc,
reported good, while in the grain
and cotton areas more complaints
are heard OF baCkwardness.
business OF railroads opcrat- I
ing in this district continues 20
show steady improvement and
conditions in tho automobile in
dustry have taken a distinct turn
for the better, reports indicating
a revival in demands for all var
icties of cars and actual sales be-
ing larger than any single month