San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-01-20

Production is back to 1920 levels, ac-
cOrding to a survey of current business
prepared by the Bureau of the United
States Census, which was received by
the local Manufacturers Association
recently. The report is for October,
1922 and the comparison is made with
September, 1922 and also October, 1921.
The report says.
The outstanding feature of October
business conditions, was the large in
crease in production in The basic COM
moditieS. The output of pig iron and
steel ingots, the consumption of cotton
aud silk, and the output of cement all
exceeded in October any prior month
since 1920.
The clearing up of the bituminous
coal situation has enabled the steel
mills to increase their operations, but
untitled steel orders continue 10 gain.
Production of both bituminous and an
thracite coal shows further increases,
but the transportation situation, with
a record post war shortage of cars, is
still a limiting factor not only for
coal but steel, building materials and
other products for whick the demand
has increased.
DuSltleSS NOIunlt pEtdttT.
-"Dwindling stocks, delays in trans
pOrtatiOn, and increased wages due to
labor shortage have combined to raise
prices 10 a marked degree. The volume
of bu.iness, as reflected in sales of
mail order houses and chain stores and
in bank clearings and debts, con-
tinues to increase and credit has ca
banded to meet these conditions. This
has resulted in rise in interest rates
and fall in bond prices.
Consumption of cotton in textile
mills rose in October to $50, $50 bales,
the highest for any north since June
1920. The export of raw cotton reach
ed a total of 1864 bales, which has
been exceeded only once since January,
1920. Prices If cotton and cotton
goods all rose except sheetings.
UNTITLED orders of the United States
Steel corporation rose TO 500, 900 tons,
the highest mark reached since Zebra
airy, 1921. Prices of pig iron declined,
but steel prices rose slightly. Fabricated
structural steel sales made a seasonal
decline. Production, shipments and
sales of sheets increased to the highest
point recorded, production reaching al
most % per cent of capacity. Loco
motive shipments and untitled orders
both increased and freight-car orders
were also higher.
Cement production rose to a new
high record of 12,2S7 900 barrels, while
shipments were even greater. Stocks
declined and tho price remained the
same.
Grain Prices Higher.
Receipts of wheat were larger than
year ago. as was also the visible
supply. Prices Of wheat and flour
made considerable increase over Sep
tember.
"The corn visible supply was con-
siderably less than a year ago and re-
ceipts were also smalltr, while grind
ings by glucose and starch manufac-
turers increased. The price of corn
increased almost ten per cent.
Receipts of oats in October ex-
ceeded both the previous month and the
corresponding month last year, but the
visible supply was only about half as
large ms a year ago. Prices of barley
and of rye increased.
Receipts, shipments and slaughter oil
all kinds Of live stock increased over
those of September. 1922, and Octo
Der. 1921. Inspected slaughter for Sep
tember, the latest figures available, in