The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-26
ATLANTA.

| Atlanta. Ga, May 26.-Business
nan throughout the southeast re-
Il ~.rs the cut in freight rates order
y bv the interstate commerce COM
1 s-ission and the maintenance of 20
-. cotton as compelling factors
1 Z The return of prosperous times
= this region. The heavy gold re-
I've held by the Atlanta Federal
/ psserve bank is concrete proof of
~ Iiouidation of frozen credits in
Mis- territory and the ability of the
farmer to get along without bor-
&roving.
The general Improvement in the
srvooods business is attributed to
ne advance in the price of cotton
snd iobbers report a better feeling
snong merchants and buyers as a
it.suIt Of the rate reduction Job
ksrs of every line are confident that
aIriees are hardening and predict
That the retailer who buys now is
lwsured Of an excellent profit.
Dwelling and apartment build.
,nes here continue to smash ali
nrsyious records. Announcement
nv large department store that it
frill commence work on a new ST.
200 900 building on Sept. l is re-
Igsrded as another evidence of con-
tsdence in the future. The output
Iof the Ford assembling plant will
he increased to $50 cars daily on
stune /, according to the plant man
Eager.
/ ST. LOUIS.
ST Louis. May 26-Except for the
remembrance of the Universities of
1.-The great economic reaction and
the caution fostered thereby, the
tbusiness situation in this section is
tprsctfcally back at normal This is
line solidly optimistic conclusion Of
1.-THE banking interests of the south
east and southwest which now pro-
Il claim that commerce is in the high
NAY to prosperity A few manu-
lScturers are skeptical, declaring
iSSat business in their lines will not
be back on a satisfactory footing
for year or more, but wholesalers
and jobbers in close touch with
/ L buyers hold the same opinion as
1 the bankers.
1 There is small doubt that most
Imanufa cturers are making steady
Il headway. Such rapid progress is
i1being made in building construction
Hin the south and west that prices
LOT steel, brick, lumber and other
ibuilding materials have started on
H decided upward movement. This
Ractivity is reflected in minor indus
trial lines and is being felt in the
forests and mines.
In all branches of manufacture
aIs strong demand for common labor
/ lis noted but there has been no ten
nEency toward higher wages in this
4 action as yet.
NJ After a long spell of unfavorable
weather retailers are now favored
with warm clear days which are
3Ntalizing their trade. The public
lis in a better condition to buy but
insists on low prices.
| DETROIT.
Detroit, May Manufacturers
lin this section declare their chief
fIdiAculty at present is not in get
ling business on their books but in
SIGHTING raw materials into theil
shops and in getting trained work
ken for skilled positions. Deliver
es of materials are falling further
Behind every day and the extra ex
kanse of chasing" stock is adding
10 costs which is the last thing de
bred by manufacturers at this time
etDne automobile plant at Lansing
Pas been so pressed for machine
Bands and tool makers that it has
tsta blished a school for training
lemi- skilled workmen for period
preceding their regular employ
Aren't This has yielded some re-
Hts but the president of the com
I shy states their labor turnover il
Increasing in spite of all they car
A canvass of the leading bankers
fnd manufacturers of this district
Today revealed the general opinion
fhat the cut in freight rates ordered
1y the interstate commerce com
Fission will prove a tremendous
3lnulus to the country's business
2 fnd add materially to prosperity
! klnce the announcement of the cut
4 half dozen of the city's largest
Fdustrial plants have placed for.
Pal orders for material for delivery
throughout July and August and
some instances we'll into the fall
nere is an increasing number OF
pans reported in foreign business
fy manufacturers.
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