San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-01-15
s WOES
GIVE AMERICA
| FEW WORRIES
bench Move on Ruhr Con-
sidered Merely a
Gesture.
ID EFFECT ON COTTON
Neither Events Bring War
or Not, Market Not
4 Hurt.
J EFFECT ON COTTON
Nv J, G.. ROYIE.

y
n>eu York. Jan. 15.-Business men
II widely different sections Of the
fntry and in different lines Of basic
S.srtry are inclined to belittle tine
r,ct Of the present European situa-
Va on American business. Southern
ahncers and cotton men view COM
tcently the events which have follow
fthe French occupation of the Ruhr.
Temporary decentralization may he
fected from the French action" said
IN. Williamson of Williamson, In
IN and Stribling. large cotton Px.
4ters. "The military gesture VIII
Ing either war or more stable condi-
Ms in Central Europe. The cotton
a,rket and general business in Amer
Y cannot be adversely affected IN
her event. The technical position OF
1ton is too strong TO be influenced
4 il greatly by sentiment. The almost
Jhibitive price of calcium arsenate
fl the desertion of fields in the boil
kvil sections are very bullish factors
n the 1923 crop outlook is none too
kht."
lAlba +. johnson. president OF ire
chamber of commerce and
N the Railway Business Association,
ID:
n Will Not Hurt L. s.
III cannot believe the turn OF at
rs in Europe will be unfavor able to
4 business interests of the United
ties. Just what the effect of recent
felopments will be is difficult to
but | believe Frances act is only
Gesture and there is hope that busi-
Us will adjust itself to the new
Ikporary conditions"
Humber manufacturers in many sec
Ms agreed that the European situa-
Ia would have comparatively little
h bet on that industry. Frances in
ion of Germany will have little Or
Il effect on the lumber of WASHINGTON
In Oregon" said Robert Il. Allen,
Ilretary and manager of the West
shst Lumberman Association which
more than 100000. 900
10 of lumber in 1872. unless there
La fall in the purchadfng power OF
u pound sterling. Our min markets
X not on the consfnent Of Europe,
n in the east~h sections of the
lifted States the Central West. Cali
|NDia.. South America, Australia and
|5-yTrnt. Production at this time is
n per cent below normal, but that Is
)sseasonal matter and We can see
Thing now which will prevent a pros
Eous business in lumber manufactur-
during 1928.
N Steel Trade Good.
gChe most prominent steel men OF the
Etsburg. Youngstown and Chicago
Egricts indicate that the foreign sit
|'lzsn is not interrupting business.
riders continue heavy and indications
int to good plant runs" said an off
Of one of the largest steel companies
the country today. Other men in
steel industry agree that The in
|ktry having seen so many develop
Iints in the European situation has
ZONE less sensitive to foreign ncws.
Nth orders being booked on a liberal
He. manufacturers were inclined to
He an optimistic view Of the situa-
In. At present steel markets are de-
Hiding on this country to absorb their
Eputs and they are having no special
|ficulty in disposing Of their produc-
II { is estimated that equipment com
|hies now have orders for at least
900 freight cars on their books
Itch are to be built this year in addi-
h to the orders which it is known
be placed by the carriers during
remainder Of this year.
EThe textile industry is watching
Eiously the development of the labor
Elation at Fall River where opera
| Us in the cotton mills are demanding
leo per cent increase in wages. 1t
|stilI too early TO predict whether this
son will lead to strike or not, but
little men do not regard the outlook
Encouraging. As a rule textile mills
kh in New England and the south
4 very busy and well booked ahead.