Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25
GENERAL BUSINESS
CONTINUES GOOD
Prosperity Of Nation Shown
in Florida Relief and the
Big Fight Receipts.
BY J. C. ROYLE.

SrAca8l OiBpdtcu 70 1de QUAR-
NEW YORK, September 25.-The
prosp Gritty of the American Nation
was emphasized by two things this
week, Ale immediate response to re-
lief appeals from Florida and the
instant start to Aebuild wrecked
structuresA, and the attendance at the
Dempsey inney night
What an&'unted to almost con
scription of 10 lie laborers in the Miami
district furthIa'ed the WORK or cIear-
Ing the citv. ~ debris. Advertise
ments appeareG today in Southern
cities for hundreds of building dc
artisans to work on reconstruction
Wafer routes win be used for the
heavier freight so a S to avoid rail-
road congestion of brN' ldlng materials
1t is estimated $10,0Alooo IN lnsur-
ance payments today IS aVallaple ioi
| immediate use. .,.-,..
The spectators at the H'eavywelgh'
championship battle paA a larger
sum than was ever collet.t ed be1ore
for a sporting event, and II e lhous'
trial workers formed as big or Dig
ger part of the crowd as the q ankeis
and white collar men, ref1ecE ny
widely distributed and active IN SAiis
power.
Steel Production High.
Major producers in the Pittsburgh
YOUNGSTOWN, Cleveland, Chicago ana
birmingham districts maintained
their high rate of steel production
, without interruption, with sheet, tin
plate and steel pipe especially active
Industrial prospects in the Chenago
Valley are brighter since the an
nouncement that the Sharon plant OF
the Stewart Furnace Co, idle tor d
wear, would resume operations.
There has come a slight pfeak IN
the output Of the larger automop,ie
producers. This Is evidenced by the
dron in Industrial employment in De.
troit to 233,673. which still Is $4,000
workers more than were employed at
this date last year.
Distinct improvement is reported IN
the leather business in New Eng
land, rejecting demand from the shoe
and betting makers.
This tends to emphasize the differ
ent attitude of labor in the shoe and
textile trades. Last November the W
H. McElwain Co., one of the largest
New England shoe manufacturers,
was able to induce workers at Its
Cohas factory to accept a wage reduc-
at capacity. The management agreed
to run the plant at a loss until capac-
ity operations were justified. So far
as can be learned the plan worked
successfully.
This week the Amoslseag Mills told
workers large orders could be booked
if list prices were cut moderately, and
asked them to accept a portion of the
reduction involved from their wage
scale. The workers congress of
Amoskeag voted, to continue the pres
ent scale.
Cotton Values Slump.
Texas farmers have lost prospec-
| tive millions in the last fortnight by
the drop in cotton prices, and grow
ers in many parts of the South are
facing a serious situation owing to
the lack of pickers. If workers are
not secured in Texas before the next
rain, much cotton will be abandoned
in the fields. Texas is $4,000 workers
short.
Nonferrous metal consumption con-
tinues on a big scale. with much &C
tivity in copper. but prices have
tapered off slightly. Leading manu-
facturers Of electrical goods are pill
ing up what promise to be the largest
peace-time profits of any year in the
history of the industry. New build
ing contracts are being awarded in
fine volume. Lumber and other build
ing materials are steady in anticipa-
ton of heavy Florida demand.
The coal situation is showing sea
sonal activity. but many good judges
doubt that soft coal prices will show
any continued advance from present
levels. Rail loadings continue high,
in view of the fact that the amount
Of water in the streams is inducing
all those who can do so to utilize late
inland waterway transportation. Po-
tatoes in many sections are selling
at extremely good prices.