Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-10
BETTER
ALL OVER COUNTRY
Banks Bursting Full q
Money Railroads Busy.
Builders Rushing.
m ]. 9. ROYLE.
Special Dispasch 10 me star

Special Dispatch 70 The star
4 NEW YORK. July 1o.-The banks
are bursting fun OF money. The reg.
.ulArs July investment purchases are
accounting for some part ,of the
ready cash now to the credit Of
Americans, but there IL nm ample
supply available for every legitimate
I'aftted expansion.
The harvest money continues to
roll In, unchecked even by the recent
national holiday. Wheat IL moving
to market, ct al constantly increased
pace and the quality of the South.
west ard Middle West crop - splen.
iiid. Texas never before raised such
wheat. The Kansas yield 10 better
than anticipated. with test weight
and protein content universally high
and farmers in that State are begin
ming to hold their grain for better
prices.
J. Lave stock is moving brisxly to
market and the grass cattle are doing
their part to increase agricultural
district purchasing power The corn
crop bids fair to be huge with prices
low. but there win be more hogs this
Fall to feed 1t to.
Railroads Are Busy.
Movement OF railroad freight ID
steadily working upward to its sea-
sonal peak, but the steel tonnage
figures issued by manufacturers have
not meant as much as might be sup
posed to the carriers, since they In
clude tngot movement from plant TO
plant.
! The automobile trade is anxiouslyi
awaiting for the introduction Of new
models, since ali the larger producers
are expected to make either price or
model changes shortly. What IL sx-
pected Is that the Ford body model
viii again be changed
Truck production is running 10
per cent higher than a year ago Tire
manufacturers have worked off con-
siderable OF their surplus stocks and
the recent price cuts are aiding them
to bring out replacement demand.
Construction men have started in
to make up for the time lost i'm the
holiday period. and, completion Of
thousands OF jobs Is being hurried.
Actual contracts let are running
about slO, 000, 900 a week heavier than
at this time last year. Material
prices are steady, but, the cost of
labor In moving upward.
Soft coal prices dire showing some
signs or Strengthening. but the end
Ing OF the British strike might delay
any move In that direction since pro-
duction still IL In excess Of domestic
needs. Electrical equipment manu-
facturers are having one OF the most
active Julys they have ever known.
especially in the generating, transmits
sion and distribution equipment de.
partmefts. The slump In radio equip
ment demand has been less than an
ticipated.
Big Cotton Crop.
With another big cotton crop In
prospect the outlook for strengthen
ing or prices OF that staple are far
from bright. However. the weather
man will have much to say about
the final yield. Goods buyers are APP
parentIy holding off In anticipation Of
q reduction in raw cotton costs.
They are buying fairly actively for
Immediate requirements, but at prices
which leave the tl1innest possible mar
gin of profit for manufacturers.
The prices named for Spring goods
by the American Wooden Co. showed
a sharp decline and are taken to re-
fleet advantageous buying OF raw wool
In the West. Range prices are steady,
but not strong. The large shoe man
ufacturers are increasing production.
and buying has been stimulated by
the style show held In Boston this
week.
The heavy shipment of gasoline
from California has had a somewhat
weakening effect on the position of
petroleum, but crude oil production Is
running about 10000 barrels II week
less than a year ago. while consnmp-
ton OF gasoline Is heavier than ever
before. Warmer weather has aided
the demand for sugar, for canning and
preserving purposes and for soft-drink
requirements.