Evening star., 1923-04-06
DEALERS MAKING
5,00,0l) TIRE,
Prices of Crude Rubber Hot
Steady, Due to Very
Heavy Demand.
BY J. O. RoYLE.

4 bt Js u HOfLE.
Special Dispatch to The Star.
/ NEW YORK. April s..There Is y
probability that the amount Of cru5
rubber exported from the far east
the next four months will be e.,
creased. Reports today from rubbe
centers throughout this country ind
cate plainly that there is equally III
tie probability that demand vi
lessen in that time There is eve.
Likelihood. therefore that prices e
crude rubber will remain fairly stabl'
showing little II any recession Sro7
present levels.
The British colonial regulat!c,
which restricts :he shipment from q,
far eastern British possessions
more than certain tonnage OF cruG
rubber each quarter, and which IS r.
sponsible for the tremendous incress
In rubber prices IN the last s.
months, provides that when the aver
age daily price in London exceeds
certain figure for three months IL
tomatically increased per cent
| The present three month period X,
expire April 2s, and the price leye
which X Will be necessary to reach
shilling and pence or roughly
cents q pound. Cables from LonCJ.
today show that unless there IS
| tremendous increase in prices IN Il
next three weeks the average dat.
price cannot possibly reach TIA
| figure.
Tire Factories ON High Speed.
| The supplies of crude rubber ava.
| able, therefore, cannot be tncreas".
but tire factories are shooting pro
] m
| tremendous requirements oS tn
manufacturers and the unusual spr!L'
| orders from dealers, and demand
! increasing.
Output is rapidly reaching the :
nual rate of more than 4F,000,rr
tires year Manufacturers, upon III.
| ing their Immediate requirement
some two months ago, retired frcr
| the market, but stocks again are fall
ing low and makers are beginnir.,
once more to nfbble at the offeriI z
| in the open market.
Strong resistance is being SHOW:
against present prices. but dealer
here declared today that II was mere
! ly question Of time when the mann
| facturers, both Of tires and mechan
! ical rubber goods, must buy consi5
| cradle quantities.
Purchasing Power Increased.
Acceptance Of the offer Of 49, 20
cent wage advance BY six unions II
| voIved at Fall River, while IL va
explained has gone far toward ailay
ing apprehension in the textile trades
| which a : present are working at TO
| speed, with business ahead for loA,
| runs. This is adding materially :
| the purchasing power Of the publ
| in New England and the south I
the latter section manufacturers rap
idly are falling into line with volu.
tary wage advances.
Proof that these wage advance
\ i
is found in reports from several il
dustrial districts where retail me-
| chants report that the unusual-:
| heavy buying N the past month IL.
been accompanied by the heavies
| demand for credit known in years.
Credit Demand Record.
According to W. H. Gray, manager "
the requests for credit there have bee
greater than during the Christmas ho.I
| DAYS which was & record-breaki!.i
period in that respect.
Heavy requests for credit with mar,
| refusals might indicate an inability
customers to pay" Gray said. but tn
credits granted in the last month aD
peared unusually good and the percent
| age Of reflections has been small. A
retail credit is taken as a good baron
eter of conditions, the outlook at pres
ent appears unusually sound"
Recruiting Negro Labor.
Arrival of negroes who obvious:
have had little experience outside tn
fields, indicates that northern factor.e
are recruiting unskilled labor IN tlI
south. Labor agents have been offeT
ing inducements 10 come 10 Rhode Is
land and other northern states throGg1
out certain parts OF Virginia, anG AZ
thorities in North and South Carol!li
and Georgia have taken prompt s;eiS
TO combat efforts to induce emigratio:.
Orders for new railroad equipmen
continue to pour into the shops. ;4I.t
bookings are SO heavy that it Is
question whether some of the Ian
| orders can be filled before autumn
! when the greatest volume OF bushes.
roads. The gravity OF the situation
| is clearly shown by the program fci
repairs, maximum car loadings ant
| increased mileage adopted by til
American Hallway Association. ~
| even greater significance is the re-
quest by the roads that coal an
ores be shipped in the largest Quan
! titles possible by lake vessels, nSturS
competitors Of the rail carriers.
The Prudential Insurance Compa-.
/! s7.000,000 on Denver property. prefe.
! ably to borrowers who intend to bu!t
! small homes.
] Atlanta's building Boom.
i ATLANTA, April CSrecial).
/ New residences are going up here a
| the rate OF 500 a month, and -hI
movement will be given new inlpetu.
BY the own Your Home Exposition
which will be held here next week
Truck farmers whose crops yeri
damaged by frosts are replantinE 81
| over the belt. Tobacco crops wert
badly damaged and watermeio-.:
| will move ten days late.
Wage Increase May l.
! CHICAGO, April 6 Especial
Higher wages will become operativ'
| in the building trades throughou
! this section May /, according TO 7
e ponnelly, chairman of the conn
mittee &c enforce the Lands waGl
award. Mr.. Donnelly attributes tia
| fact that building in the first thref
months of this year has eXceedet
the volume of the first quarter u
1922 by 100 per cent 10 the laboi
conditions brought about by TIN
| award. which will cease to be IN effeL
May /.
Big Demand for Clothing.
! SEATTLE, April 8 (SpeciaD.-
| Industrial activities in the Pacifis
| northwest have increased from II
| to loo per cent over last year, ana
with a natural advance in purchaS
| ing power throughout this territor,
| a brisk buying movement has re-
| suited The most noticeable indica,
| ton of the trend Of business is tLI
! demand for clothing.
I