New Britain herald., 1922-12-11
T lie advance CT agricultural
prices has put new liic into

n
business in sections where
depression has existed, and the
volume OF business heing done in
most lines IN all parts OF the coun'
Try is nov very satisfactory. AS
rule prices OF manufactures have
not advanced enough 10 cover the
advances in wages and raw ma
ierials. with the result that com,
plants OF little or no profits are
common.
The iron and steel industry Is
going at about so per cent OF
capacity. and making Roadway
upon bookings accumulated during
the strikes. Pix iron is lower as
a result OF the resumption OF
numerous furnaces. and prices are
weaker IN several lines. The fu-
ture is hopefully viewed, on the
strength Of buying by the railroads.
prospects for another year OF ac-
,ivity in construction work, better
outlook 70, implements and great
confidence among automobile man
ufacturers.
The textile Industries have been
stimulated by the rise OF raw ma
tcrials, all OF which are regarded
in strong position, and are more
completely employed than for
more Than two years.
On the whole the outlook for
business during the winter months
is good. with promise Of contin-
uance next Spring. providing de-
velopments in Europe are not I'm
favorable. and that the rise OF
prices in other lines does not off
set the rise that has taken place in
farm products. The fact cannot be
neglected that the prices OF farm
products are dependent upon Eu-
ropes taking its accustomed sup
plies. and that. prosperity cannot
be maintained unless the farmer
has share in il.
The improved conditions in the
Industries still partakes largely OF
the nature Of a, rally from the ex-'
treme depression and low produc-
ton OF 1921. Many experienced
observers do not believe that in
dustrial costs are low enough to
furnish the basis for permanent
prosperity.
Position Of Corn Crop Strong
The November estimates of the
Department Of Agriculture show
that the production record for
corn is higher than that OF the pre-
vious NORTH and Including the
earry-over gives total available
supply for the coming year OF
1904. 100000 bushels. or about the
amount Of last years crop. saying
nothing OF carry-over. Consider
ing that there are more hogs on the
farms. and much greater number
of cattle in feed lots than year
ago. the position OF corn is very
strong. The way the rccord-break-
ing crop and rarry-over Of last
year has been disposed OF augurs
we'll for the corn-growers in the
future. Calculations indicate that
approximately 3,200,000.000 bushels
Of corn were consumed in this
country or exported last year and
there never has been but one crop
Of that size in he history OF the
country. ard bin, four crops cx-
cceding 100000, 900 bushels The
price in Oh cago is about 20 cents
per bushel. and at western railroad
stations about double the price Of
year ago.
Wheat is in a strong position.
statist' calIy. III view Of the poor
crops of bread grains in Europe,
The normal pre-war wheat pro-
duction 81 France. was about .325,-
000.00O bushels. and the normal
ANNA, consumption is 340.0n0Q GOO.
10 .,4s.000.000 bushels. A. saving
81 l4.O0O,poO is expected from the
r,illing regulations. requiring war
flour", to be used. but the import
requirements are calculated at
about 80,000.000 bushels. The
grain crops Of Germany are very
short. and this is true OF Italy
The situation is summed tm by
J. E. Hay, Canadian Trade Com