San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-02
Waiting to See What
Course Business Will
Pursue.
RUMORS ARE RAMPANT
100000 New York Fami-
!, lies Observe "Mov-
ing Day."
Ry j. C. ROYLE.


New York, Oct. Rubber deal.
ers all over the world have their ears
to the ground listeni..g to the swish
of automobile tires and the thud of
rubber heels.
They are waiting to see what
course business in general in the
United States will pursue before
committing themselves definitely to
a course of action, believing that con,
tinued business prosperity would
mean advancing prices.
Trading in rubber has been fairly
brisk in this market, but it gives every
indication of speculative activity
rather than of buying by manufac-
\ turers.
Tire makers, so far as can be learn
ed. are not in the market.
They are busily engaged in a
strenuous effort to dispose of inven-
tory stocks.
Estimates by employment bureaus
place the number of unemployed at
4 Akron at 1900, although some OF
4 the smaller rubber companies have
increased their outputs slightly.
There are continued rumors in rub
Der circles that some of the larger
companies which have depended al
most entirely on the sale of tires for
their main revenues. are preparing
4 to diversity their lines.
However, the stocks Of tires in the
hands of manufacturers are steadily
being reduced.
Dealers assert that the first real
-. &c a., ~, h,,x-in.r tho 4
makes its appearance probably will
shoot rubber prices upward from
present levels.
They are watching closely there
fore the reception accorded to new
automobile models and the output OF
81 the motor car factories.
The present volume of trading in
rubber, apparently, is largely confln-
ed to technical commitments by
spectators.
y Those who are we'll financed and
convinced TO. the future trend of
business are buying spot rubber while
finding the expense of carrying them
uexcessive, are selling spot and buying
FIXTURES
II There is every possibility that the
Al Supply IuDDtf W Dt Ca
q ported under the Stephenson plan
from the British East Indies will be
increased 5 per cent November i,
according to Fred B. Peterson, prom
inent local dealer, identified with
& large East Indian interests.
The amount for export is automati-
cally increased 8 per cent whenever
the price in London, over period
of three months, averages more than
10 pence or about % 1-3 cents per
Round, at present rates of exchange.
The price over the first two months
of this quarter, Mr.. Peterson said
had been well over the required aver
age and there was every indication
What the level would be maintained
above Is pence.
Carpet Buying Brisk.
Formal opening of the spring floor
coverings took place today with the
huction of rugs and carpets by
ALEXANDER Smith and Sons.
Over one thousand buyers were in
Attendance and the volume Of trading
tTas large.
Linoleums have received equal at
IGNITION in the last few days and an
4xceedingly active season among the
floor covering manufacturers seems
assured.
Blue, taupe and tan apparently
bredominate in the color lines of car
pets and rugs, according to prelimin-
try showings.
Fall business among the retail
ousts is being stimulated by the
Xemi-annual moving of the flat and
apartment dwellers which was in full
living today.
Moving Companies Swamped.
Van owners and moving and stor-
Ice companies were swamped with
business in all of the larger centers
md many who sought new quarters
fill have to>wait from three days TO
week before their belongings can be
Transferred.
Approximately 100000 New York
antilles folded their tents and stole
3way to new addresses today.
Rents showed no general signs of q
ecrease here, the only drops being
ecorded in localities where new
2partment houses were available and
fmething had to be done to counter
1t the desire to move into a new
6Iilding.
Prices in the newer structures were
Irmly maintained.
japanese Credit Satisfies.
Manufacturers producing materials
feded for the rehabilitation of the
japanese cities expressed themselves
fday as well satisfied with the credit
uation in Japan although the de-
lis of the loan which it is proposed
place in this country have not yet
len announced.
There has been no hesitancy among
tnber, flour, steel or electrical equip
ent men in speeding up in anticips-
IN Of the expected business.
Several of the large concerns have
ut experts to Japan to advise in the
construction program.