Evening star., 1923-09-08
Public Spurns Stock Trading
To A,uait Disasters Results
Pools Active During Week-Grain and
Cotton Stronghold Shares Neg
lected-Steel Industry Stimulated.

potent. There il no change in the
pr0s4uect that. a fatty large and
profitable fall business will be car
ried on in, many lines for the next
few months.
however. s" whether the ADVANCE % in
July until September j has not just
about discounted the trade improve
msns mean ina fusufe earning sssss for t the
loadings continue unparalleled in
| RAILROAD history and the trafhc
probably has still to reach its peak.
This fact. however. is counter bal
anced to some extent by the fact
roads have fallen slightly from pre-
vious levels in recent weeks
Operating effciency undoubtedly has
increased inc as in proportion to the carry
to August Is. 1o3.374 new freight cars
were installed in service. At that
GATE S0:335 new cars were on order
with deliveries being made daily.
asn ans roads also put in commission O.
roads seldom have been In such good
shape to handle the harvest and other
freight for they have somewhere
around 5000 surplus freight cars
available for service.
Steel Industry Stimulated.
the Improvement programs of the
ssiroaas ,ha oaas, nave been q stfmulant to
or rails booked has been extremely
heavy. The steel corporation now is
operating at about 81 per cent, wage
adJustmen ents coincident to the abolish
made without friction. and prices SO
far have not shown indications Of
advance.
Cuts in gasoline prices and in crude
OH have not tended to relieve the ap-
Cheap California crude oil, high In
gasoline content, continues to be
shipped eastward and gasoline pro-
duction is high in spite Of the efforts
serd cs.a'lmens and IN MeIico IN the mideoninsnt
sumption also is at record figures
The chief disturbing factor in the
situation 10 not 30 much flush pro-
duction which usually goes or rapidly
shut In production which can be ex-
pected to come on the market with
betterment Of prices.
Grain and Cotton Show Strength.
Both grain and cotton have shown
strength in the past week. while silk
affecting production and consumption
have been such that the elimination
OF Japan as buying factor in cotton
and wool was nullined. while foreign
teoHuItlouS OIIefeQ no OSIflmGnc TO
wheat. Perhaps the effect cf the
Japanese disaster will be felt more
\ severely In the American silk indus
| try than In any other line, but tine
| suspension of Trading in raw silk has
given manufacturers and dealers a
| chance to take account of the situ-
| alton and fortify themselves for fu-
| ture conditions
Co.i sftuatios Neglected.
| The anthracite coal situation played
but small part during the week in
the consideration OF the stock market
! or the public. 1t Is generally felt
that each side to the controversy en-
tered the conferences at Harrisburg
| equipped with some demands which
were brought forward SIMPLY for
! trading purposes, points which each
! might give up in confederation fer
| concessions by the ether.
While the public awaited the con-
| clusion of the bargaining and the
elimination of these trading materials.
| there has been no indication of y coal
! shortage and even the stocks of the
| coal carrqiers haev failed to take
cognizance of the aegotiations