Every evening, Wilmington daily commercial., 1923-01-01
GOOD |ND|CA1|ONOE
BUSINESS REVIVAL
Conditions In Iron and Steel In
dustry Are Convincing
Evidence.

Existing conditions in iron md steel
AFFORD convincing evidence of the de-
cisive character OF tho business revival,
and more frequent reports arc heard
OF a shortage OF workers In that quar-
ter and i'm some other branches OF
manufacture. with the fuller employ
ment OF available labor. the public
capacity naturally has been
appreciably augmented. and this phase
found reflection in the heavy CHRIST
mas turnover.
Dun's Review says: "'rhe improved
situation In agricultural communities
that has resulted from tho sharp rse
in prices OF leading farm staples is
entering more largely into calcula-
tons OF future buying power. nut there
IL stu a noticeable resistance to high
er prices In retail channels. In come
cases the advanced wholesale prices
have not vet been passed on 20 the
counters. nnd n cannot now be clearly
foreseen TO what extent tho proepec
i've revisions will affect consumption"
Henry Clews n CO. Say: "rhe new
year will start with business gener-
ally on sound basis with the pros
pect OF further expansion and this has
lot to do with shaping market val
ues. While prices are we'll M as com
pared with chose ruling one year ago
Il cannot be said that they are high
when one fneasurps the liberal income
derived from dividend uaying stocks
with current rates FOR money and those
which are likely 90 obtain throughout
the year"
with hardly an exception" rorrrrs
Dun's Review, Commercial reports are
OF an increaeinR favorable tenor, and
business viii enter uI~,n the new year
In n strong position. Annual reviews
stress the Substantial recovery from
previous depression that has occurred
In most markets. and the results ~
/ 1922, In various respects, were better
than had been generally anticipated.
Despite the contradiction I'm export
/ trade, the point has been rseched IN
different basic Industries where pr-n-
duction IN at high level. while orders
air9dy booked lnsure active opera
| tons for some time ahead"
Charles 8. Cslwell. president Of si,e
Corn Exchange National Rank. saws
How much better the business man
]
ming OF 1922. Profitable business cheers
ne all. and the greater number ~
/ houses are reporting an increase IN
both volune and rrcfit.. 4 broader IN
terest shown in forpisn affairs Is alac
encouraging lt aurers Tor n readiust
ing of the terrible debt problem. with
ite natural reaction on the tnter-ccun
try governmental and business r,ela
tons. SO better business. better Tor.
eign situation and reasonable ieei.s'a
ton should mean happy and pros
porous ia2s"
The volume ~ hank derhltr to n,
dvidual accounts IN centerz ,utzii,
New York has been running ahead ~
the corresponding months of 1921 sinc,
March. This increase in volume ~
che'slSe drawn on banks nv their Gus
tomera has been particularly marke,
aimee the revival OF business in tn.
early fail
The Mechanics and Metnle Nationa
Bank III New York eava: '-Iv,a ont
look for the United State. In 1872
should be one OF proeT,sse. FOR nc,vith
standing the contradictory trend -
events last year in many parts OF IN,
world, the Tecc-d OF this country. a,
regards both business and finance
stands In sharp contrast with that a
other countries. and has .ncourare-
the pictufing OF bright outlook O,
the part Of thuee who have the tenicr'
lily now to make public predictions"