Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-03-13
DEMAND FOR ALL STEEL
PRODUCTS INCREASES
Factories Arc Now Running
From SO TO 90 Per Cent
of Capacity.
NO ADVANCE IN PRICES NOTED
outi""k for better Business in All
Lines IL Encouraging Provided
congress Hrfrnims From Making
Scrious Political nIundcrs.
ny Walter II. I,ro,,

ny waiter II. brown.
tWrittcn for the United N,wsl
NEW YORK, March Ia-rhcrc ia
now an increased demand FOR ,,oc,
products. although not so much for
the heavy construction types. indie
pendent st"el companies are run
HinE from 30 to 81 per cent Of cnnor
ity, and the United States Steel DOR
porhtion exceeding CO per cent. tho
highest since 1920. OF stiu prcn,.r
significance has been the rcstora-
ton In prizes Of steel products hv
the independent companies. These
F"hd)urtincnts have not rcprcscntpd
nm advance in tho general narkc, no
much az an end to the cut-throat
competition OF thcsc curnu,uic.
which resulted In several Of there
concerns selling their products be-
10" the cost OF production.
Cnri"ndinEs Inrr~nnr.
'arl"adings have also shown an
'h'rcasc. and the nrst OF the Ecbr,-
"y reports Of earnings OF the rail
f'Hds arc showing Increased @,
tn" large mall order houacs. Mont-
.omcry ward & Cumpanys Fchru-
airy sales show an Increase az nm
pr"Kima,"iy {325.o0O. and Will,
sears itocbuck & Co have picked nm
somewhat they have not made quite
fuch favorable showiiEs However
NV ana Ken cent stores. ouch IA
"""lworth's. krcagc. and otbcr.
ais" show Increased sales for Feb
iu"Fy' These are all Indications OF
nc gradual Improvement in mo
business situation
Nhhrohd equipment COMPANIES are
i'hciy TO be among the Immediate.
h'nchcinri"s of this recovery q,
.radn While there are abou, 40
~, 49, 'n.e cars reported more than
'' oi these are really unit for
service. so that any increase I'm rail
road traffic VIII speedily uhsnr, 3D.
"Ntl'ah'c equipmcn, neccssita,ine
prompt demands upon the ct,uinn.nt
'odn'hh'es for new rolling stock.
i"tsc companies are In excellent,
p"N'ti"h I" finance such operations
i'r 'hcF were not caught, with large
-" ,'"'"f'"s h' wcro 20 many other
'"t"S''lhI concerns. and having n.
s''S ''>ly In cash have been All.
'" use max cash in tho loan mark,
az sumo cases with more proat than
IN the actual operation Of ,h,ir
plants Any expansion I'm ,ndn.,ry
immediately feeds upon itself. so
'""I Whatever Increase there is I'm
hEfich!tura! prosperity viii snroob
''$'It In every direction.
unfortunately, there is a,,,hc-
ci"Hh on tho horizon. tho effects n,
which cannot hc ,alCuIa,cI a, ,b,s
'I'n". ~ Is tn" opposition thn, has
u'N"i"H'" In n" Senate 10 tho ra,i-
hrhii"n 81 tho f"ur-po,yc- ,-c,.
This opposition IS alrios, wbn,ly
| mater ri partisan politics. The
treaty ita"lf lie popular win ,bo
r"or!r' but opponents OF tho nd
m'nistration think th"y 200 q Ny,v
I" get even with senator Lodge
chairman 81 tho Foreign Rcl,,lnng
ommit'e". who was. more than anv
other mnn. responsible" Tor tho do.
'cht OF ia" treaty OF Versailles All
H"ftS ~ fantastic reservations ara
being offered most Of which Ioc,,,o
what tho treaty is not.
opposItion TRYING
w" have unfortunately a nl,r,ycr
az Senator's from tho im,orln- v.bn
seem !" think II absolutely v-rr.,
Tor Ms 10 enter iu,o uoro,Irtt,,,s
win any other country ON auy s.i,.
I"'' ono Senator from an Eas,crp
S'h'" gave as his objections tb., l.
"ia not h"licv" this country ou.h,
|" enter an agreement with any
country having an !mrcrialis,Ic
form OF government. when ~
course. is absolutely absurd FOR i,
w"rId mean that we must hereafter
h"maHd that nation adopt our
FORM OF government before vc c,n
negotiate wiki them, Some Of the
opposition comes from those rrona-
ghnd!sts who seem to hc ben, unon
our having a war with Japan. Tn.
Who'll" opposition IL "xcccd!nrly
trying 10 those who believe Tim,
patriotism should he placed above
part!sanship
our refusal TO enter the Genoa
conference" IS no doubt disanpoint-
ing To Europe. but Is quite i'm limo
W'ih our policy OF refusing TO enter
EUROPEAN politics. President Hard
ing seems 10 think We can no o,
| NOR" help 10 Europe hv remaining
independent. but in any event. the
sentiment OF tn" country Is against
our active participation Many
think that tho conference is roollv
! intended for the purpose Of rnwrit-
Ing tho treaty Of Versailles or "a,
any rate making IL more workabIo
which may lie the real secret OF our
refusal.
EVERYTHING considered the out
look IS encouraging provided our
! Congress can he restrained from
making serious political plumbers.