San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-03-20
1928 COTTON
GOODS NEEDS
ANTICIPATED
Wise Buyers Sense Posi-
biIity Of Corner and
50-cent Price.
DEMAND STILL HEAVY
automobile Manufacturers
Await Steel Makers
Decision. rs
DEMAND STILL HEAVY
BY j. c. ROYLE.

Upright, by The San Antonio Light
New York, March 20.-Wise buy
lis today are anticipating their cotton
|bods requirements throughout the en-
Ire year of 1873.
|HpSkeen perceptions of merchants
nd manufacturers sense the POSSIBLE
|y of a corner in raw cotton and many
Fise traders declared today they saw
| gns of a determined effort in the
btton markets here and in New Oi-
hans to control the supply remaining
rom the 1922 crop and. to SHOVE
rices above the 50-cent market.
TTey eclare the statistical posi-
OH of the staple puts a corner wei
tithin the range of probability ana
bat a flood of speculative money
brown into the market snow might
Irsily move prices above the 4O-ceht
j ark. The strength or weakness OIL
le forces opposing such a move still
| problematical.
Cotton Demand Continues.
| Whether or not Il cotton corner Is
process of formation and whether
not it will be successful the fact
fmains. they insist, that with mills
Derating at the rate they are demand
kr goods indicates there will not De
|,ouch cotton in the United States TIC
Get requirements until the new crop
ecomcs available. The effect on
4 .ices of speculative corner might
temporary, but the shortage VIII
cert continuous pressure upwards
prices of cotton goods. ,....
| Demands for wage increases are an
her factor in the goods market
anufacturers have announced their
ktention to resist these demands to
le utmost and n shortage of goods
ay result. Goods are advancing but
he prices OF goods have not Kept pace
manufacturers declare, however. that
ley must catch up in the near FUTURE
| nd must base on 30-cent spot cot
I,n or higher. instead of on p to ~
INT cotton as at present.
Steel Output; Auto Prices.
The large steel mills of the coun'
V will come TO a decision early this
Neck as to the amount of steel mill
Snnagei which can be allotted to the
.ltomobile industry. On this decision
iii depend whether retail prices oil
(me lines of automobiles Will be IN
leased. The automobile companies
kNDYssSng with anxiety 10 their sec,
IAd quarter steel supplies because oil
Ie hesitancy of many mills TO accept
rsiness beyond April:
There have been widepread rumors
Detroit and other automobile cell
RS that the demands for steel from
silroads and other consumers has
ben SO great that the tonnage as
gned to the automobile trade migh'
cut Down. II
| Auto Companies Store Supplies.
Il l,elieye conditions now are worse
Lam in 1920, both regards labor
I'd material supplies" said proml'
Int steel company official today. III
scussing the automobile situation
Automobile companies are buying
dry available pound of every com
odity used in their business and arc
oring, what is for them, huge guam
Ities.'
Some cars of steel have been seven
len DAYS in transit between the
Youngstown district and Detroit. Un,
a there is some relief unbalanced
Inditions will cause tie-up. Few
ltomobile men admit that hlehei
ices will prove Il check TO sales, but
is generally agreed that much valu
Die business which could otherwis'
handled at Il profit will be lost un
SIS various factors are brought into
uilibrium.
Steel at Peak Production.
Steel production right now is prob
Div at the highest point it will reaci
is year. 1t is gcared up to capacit!
it'll the available supply of labor, ye
nfilled orders arc mounting up fastel
han finished products can bfpturnet
I'M. This is calculated to prolons tn
keriod of extreme activity. The sup
Sy of labor, however, normally fan
m from April OH as workers leave
no steel mills for the building trades
uyers are rushing to get on the orde'
poks now before prices rise even
lrther. e
Efforts to Hold Labor.
BTKt efforts by industrial con
rms are making TO hold labor arr
ell exemplified by the action of Swift
CO., packers. in granting a week
ncation to employees who work on al
purify and piece work basis. Only ;
W. firms in this country have adopt
such a policy.
The advance in tire prices averag
hg around 10 per cent by three Q
be large Akron makers went into ef