Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-17
PRICE
STABILITY EVIDENT
Situation Aiding Business.
Buying Goes Ahead Lun,-
Der Trade Drops.
BY j. q. ROYLE.

Special Dispatch to The star.
NEW YORK, July 1.-THE price.
structure Of commodities In the;
United States shows every evidences
OF stability. No sharp swing either
upward or downward Seems imnlt-
nent. This is aiding Ncofnmerce end
Industry materially, since purchasers
are not hesitating to buy In expecta- -
ton Of sharply lower prices. Most
of the buying Id for prompt delivery.
Considerable difference Of opinion
exists as to whether building con-
struction volume has passed its peak
for this year. Lumber orders have
fallen on sharply. Uhhlled orders
at Southern mills have decreased lS.-
100000 feet In q week. On the other
hand, little falling on was noticeable
in actual contracts for CONSTRUCTION
placed.
Business men are showing that they
are determined not TO let labor
troubles check construction. Il II -
possible to avoid It. A fund OF SIS.
100000 has been raised by the ems
ployers and q citizens committee In
Cleveland to aid in carrying on work
delayed by the painters and glazers'
score OF weeks. The strikers declined
q five-cent an hour advance from the
old scale OF $1.25 and demanded
$1.37sS.
Strikes Elsewhere.
Building strikes also are In progress
In some other cities. The strike Of
subway I,aot0rn,er, ana service station
men in this city has seemingly made
little progress and since the citizens
OF Passaic not affiliated with either the
wooden mills or strikers have taken
the matter In hand, there II prospect
that the textile strike In that section
may soon be ended.
Automobile manufacturers are tun.
ing up their plants In preparation for
q. rush OF business when their new
models are shown. Tool and equip
ment makers are receiving inquiries
from motor manufacturers who con.
template plant additions. The de-
nand for reinforcing bars; shapes.
plates and automobile sheets is
keeping the steel industry In an opti.s
MYSTIC frame Of mind.
The volume Of copper sales has been
large. owing to the Improvement In
demand both at home and abroad. ana
there has been Q consequent strength.
ening Of prices. Lead prtcAs have
moved up aided by speculative holding
Of the metal Ia London. Zinc has been
in good demand.
There Is In evidence q feeling of
uncertainty as to the future out.
look for the farmer, and buying power
Is more in evidence in industrial than
In rural communities.
Bigger Wheat Crop.
The latest estimates place the total
wheat crop of the country at APP:
proximately 100000, 900 bushels more
than a year ago. which would have
q tendency to keep prices low. The
situation has been bettered, so far as
the American farmer Is concerned, by
an indicated decrease of 10000, 200
bushels in the Canadian crop and by
reports OF floods and unfavorable
weather conditions in European wheat
producing countries.
The apparel trades are looking up
and manufacturers expect an expan-
sion of the business done for Autumn
and Winter. The automobile tire
business has recorded distinct inns
provement, owing to the fact that con-
sumers have no longer an impending
price reduction to look forward to.
The news print paper mills are main
tanning schedules at close TO capacity
and expect to continue TO do 20 for the
remainder of the year. The furniture
industry seems In the midst of q Sum-
mer slump.