The Birmingham age-herald., 1924-02-05
BUSINESS SOUND
 AND INCREASING!
Travel Best .Tonic For SPe ealfm-
 ism Today Declares :, Foil3es
uy .. C. FoRnes

sPln8 s Hkey 10 prin8 fairiy pro- t nennced increase, in industrial and gem that the security markets are on a dix 1y- levei. In fact I cannot see why many railway stockz ashould not gain in favor among inyettors, snor why : numbers of industrial Issues shouldaRot 7 T am constantly srunning into ,exec- uuves who tell mo, that, January has proved an unusually satisfactory month. Such executives have come from both eoasts, -from the south and from fhe middle west--Jacob. Kindleberger,y head of the Kalamasoo Vegetable Parchment company, was the lstsgt to say -that- the month wes, the best ,snjoyed by the company in many ysAFNs The proba- ishtlities are that, twhilA this Indicated into, most trade .reviews, more cheerful pysports will be making, their appear aJ1ce duyinG coming weeks. {. i Seutiment, in high places has under | gone distinct improysment during the 1sst 1sst fsw laSnths The prospscts for fidence today than, eyer before.
 is not often that practically every ihajof factor IA as sound and encour- x Lsbsr. money, tsensssssertation. .poli- int. mining, retail trade, building. all are moving along either reasonably or unusually aatisfactorily6r
 Agriculture, which has been thes weak sistsr. .is gradually gaining. in, strength and the special attention now being .tdevotsdT to the patient by the federal governmegt, the war finances corpora .stion and financial interests should help ito hasten recovery. .'-.1-. $ The unprecedented increase in the country's stock of gold combined with the fall in the "earning assets" of the reserve system are exciting apprehen- sion in. many minds uver the. danger of the unleashing of inflation.ss @s; Admittedly the material for initiation is present. There is temptation to ex- pend credits in order to put more funds ? It work: s HS@
 But is 1t unreasonable to hope and feel that the lessons of 1920 and of last spring will not be so soon forgotten by ,banker lenders and business borrowers?
 My, guess is that the accumulation. of so much surplus financial facilities will tend to stimulate business activity and security prices before long.
 But ffthink things will be kept with
 Rather desperate attempts have been made at washington to make political capital out Of the oif lease disclosures But the bomb promises to prove a 'dud.
 The truth is that { presidential cam paign has rarely been viewed SO calmly. {, Little or no disturbapce, to business Is looked for. Nor Is Congress expected i to carry through the>statute books any | considerable lesislatioR calculated to upset the even flow ofebusiness. i.
 Incidentally the outcome of, the dis pute oyer tax relief Is awaited with acute interest. .ie ef--iGI It-sfG i. Favorable action is notsyet regarded as absolutely certain, The likelihood is that should Conereas grant sub stantial reiisf,s the sffsct on business would be immediate and, nd,spronounced.
 It IS sstul permissabies to hope for and look for reassuring events in Europe Chairman Dawes appears to be keep ing his fellow commissioners strictly to their complicated task, and aus- ac- counts indicate that the stand taken by Americas representatives ,(uneffi- ciai) will carry great weight. *-'sess
 The death of Lenine has brought mo immediate unheaval in Russia. Look ing ahead, the probabilitN~ is tha4 ,shis ''passing will hasten the return of Rus isia to conditions more favorable to the restoration. of commerce with that ill-
 Britain's labor government has start ed soberly andk reassuringly and is likely to handle matters much more conservatively than the alarmists fore told.
 Travelling is the best tonic for pes simism in this country of ours.
 - 1-MAHKEf FEKsH1ss.: FINDLAY, O., Feb. 1.-The Ohio oil company today announced 2o-cent in crease in the quotations of all grades < of central west crude oil.
 K NEW YORK, Feb. 4.-The visible sup ifply of American grain shows the fol- lowing changes in bushels:
 Wheat ass .ss ssS6eased ere 1lsSooo SoEn s, a in lfRye decreased 115.ooo@ < Harley ,nns 4 CHICAGO, Feb 4.-An increase of 9 iEeents in the price of gasoline and an advance of cent in the price of kero- lsene, effective tomorS6Wa, was, announced Indiana. & Gls&f q ! POTATO MARKET. ' CHICAGO, Feb. 4.-Potsto oes@ alput States shipments, 9S7; Wisconsin sacked round whites. $1.2081.35; few, S1.40i Minnesota sacked round whites. $1.150 1.3o; sacked russets. $1.6o; Idaho sacked russets, s2.s592.5o.
 l JAcKsoNTIkLE, Fla, Feb. +-Tlr, ipentine quiet, S71ac;s sales none: re- ilseipts. 1o7; shipments, es2; stock.
 Rosin steady; sales none; receipts. '1,030; shipments, sol; stock, 126. .s69. Quote: B to H $4.671z; I $470; K $5.4O; l. N $b.4o; N $5.75; VIC $S.57; w $685. < SAVANNAH, Ga, Feb. 4.-Turpen- s4c; shipments, '36s;t stock, 12,1s8.
 Rosin steahy; saless 1ttone; receipts ss5; shipments, 10,2ss; stock. 107 .2ss. ffQuote: BDEF $.465; CHI $4.65@4.67M; |; I 4.7o; K s4so@5.O0; M $5.so@5.40; M s5.so96.s6; we $s.4o@e.56; wv $e.so. POULTRY AND PRODUCE r4
 CHICAGO, Feb. 4.-Poultry alive higher, fowls, 1s@23c; springs 23hc; roosters 15c; geese 1sc; turkeys, 2oc { ST. LOUIS. Feb. 4.-Hens 200; springs z4c; turkeys 23c; ducks 23c; geese 12c; eggs S3c; butter 5ohc. .t NEW YORK, Feb. 4.-Live poultry weak; no freight quitations; express ii.chickens 24@25c;3 hroilers 46c; fowls, zS927c; turkeys, 30@3ec. Dressed poul- Itry weak; chickens . 22a 4sc; fowls. 'F2ogslc; old roosters 16421c; turkeys, 25@35c. ]! KANSAS CITY. Feb. 4ZEggs un- changed to 1c higher, firsts, 34c; select ed case lots 42c.
 Butter 1c lower; creamery 54956c; packing 26c.
 Poultry unchanged to 1c higher; hens 2oc; broilers, 27c; springs 3oc; 4roosters 11c. y {
 CHICAGO, Feb. 4.-Butter higher; creamery extras 49lac; standards 4s1sc;