San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-01-01
Frenzied Price Movements, There Is Every
Probability That Business Activity Will
Increase Steadily and That for the Next
Six Months Prosperity Will Rule.

labor controversies acted brake against too rapid adj
vance and resulted in steady and healthy improvement
free from the danger of acute relapse.
The coal strike while delayed operations and lessened
production throughout the industrial world had effect
psychological than real Reserve stocks were depleted
prices advanced somewhat but few plants forced to
draw their fires entirely and production of coal jumped
rapdv back to- or above normal when settlement was con-
cuded Danger of shortage for domestic has not en-
trey passed although this due to lack of transpo
itation than shortage of production.
Shortage of Railroad Equipment.
The rail strike far severe in its effects Hardly
an industry business but suffered in way or another
from the shortage freight and poorness of motive
power equipment. This lack of equipment not due en-
trey to the strike There are in bad repair to-
day than for long period the strike served to empha
size the fact that equipment totally inadequate to meet
the heavy requirements of normal business and crop move
ment.
Conditions have improved but still far from satsfac
tory But railroads have entered upon the greatest equipment
campaigns in their history Orders for thousands of are
being placed each and the carriers give evidence that
they do not again intend to be in position where they must
turn away revenue freight.
Water and truck transportation received an impetus as
for years
Textile Mills Recovering.
The textile strike in New England the longest drawn
out in the history of the textile industry in America Begin
ming in February the rumbes of its dscord have just
died away Both sides lost millions but while thousands OF
spndes were idle stocks of cotton goods diminished to
point where the inevitable increase in prices the more
readily accepted by the consuming public.
marked innovation following negotiations during and
after the rail strike the determination of roads to
deal each with its through the formation of called
company unions and the announcement by certain of the
national railroad unions that hereafter they would negotiate
with each road individually.
The tariff undoubtedly was potent factor in many in
dustrie The most general reaction, however was feeling
relief that the schedules finally settled and that bust
nessmen could make their plans accordingly
Building the Business Mainstay.
1t becomes increasingly evident at the close of the year
that building construction the pillar which upheld the
structure of business while the girders of other indus
tries were being forged and swung into place The total
value of new construction in 1922 has been we'll $4,000
900 The scope of operations 40 cent greater
than in and thirty cent above the totals for 1919
which had been the record year up to this time.
No obstacle sufficed check these tremendous opera
tons which affected section of the country and were
almost as marked in the rural communities in the cities
Prices for materials advanced decidedly during the year
Wages jumped to unprecedented heights 1t unusual
thing during the past year for pasterer brcayers and
Numbers what with extra work and overtime