Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-01-29
TEXTILE DEMAND
AIDS COTTON TRADE
Reports of Steel Mills Are
Uniformly Encouraging.
Auto Factories Active.

Special Dispatch to The star
NEW YORK, January 29.--The re
FiNal OF the textile industry is now
acting to correct one of the stormy sit,
nations with which the year opened,
that is the heavy Weld and probably
huge carry.over of cotton. In the
south many mills have orders three 10
six months ahead In the North the
Pepperell Manufacturing Co. has mott
fed the trade that the all.cotton blank
cts or the Massachusetts mills Jus.
merged with Pepperell have already
been sold out and sales Of part cotton.
part wool, blankets are being made on
basis OF delivery in September. The
Union Mill of Burrillville r. l.. closed
tof over year, has resumed. Cotton
conVerters have notified the New Eng
iahd railroads they expect to ship 80
per cent more goods than In 1926
British mills are realizing ii Is better
to run fun time, reduce costs Of pro
duction and fight for markets than to
hold output TO what goods they can
sell easily. Exports Of cotton in con
sequence now exceed $500 900 bales
Tor the season, or 23.5 per cent more
thah at this time last wear This is
cutting down possible carry-over and
thereby improving conditions and sen
ttment in the South, with consequent
stimulating effects on sales in other
sections with southern customers.
Steel Industry Speeding Up.
Reports of important steel com
panies in the last few days have been
uniformly encouraging md the indus
try is speeding up in most depart
ments. one big manufacturer, how
ever. says that certain products are
being sold at cost and in some cases
below. Mills. however, are making
splendid progress in reducing costs.
In connection with the stock market
excitement in Wheeling and Lake
Erie and the fact that it's connection
with Lake Erie at Huron Is one of
that roads big adva ntages, it is in
teresting to note that iron ore receipts
at Huron in the last year amounted to
627 547 tons.
Better activity Is in evidence at the
automobile factories. In many plants
men laid off in December are being
called back. Accessory manufac-
tuners are counting on an increase of
20 per cent in the shipments released
by their customers in February.
The non-ferrous metals have been
dull and slow. but improvements in
mining equipment and methods is
making the situation of the higher
cost producers much brighter The
use of electric power to run hoists al
great depths is revolutionizing deep
mining. The situation in China was
back of the improved price of silver,
making shipment of that metal
through China more difficult.
Electrical Equipment Trade Good.
The electrical equipment industry
showed steady expansion this week
Competition is sharper but buying of
central power station equipment and
household equipment seems likely TO
be better than year ago. Electric
light companies report they have l.
22Z,55O more customers than year
ago.
Building contracts awarded picked
up nottceably in the last week New
England anticipates fully as much
construction work will go on this year
as last. Lumber buying Is about the
same volume as a year ago and I'M
filled orders are showing some gains
Wage reductions have been made in
some non-union bituminous coal mines
and in the window glass plants in
Pennsylvania.
Paintings of Winter wheat and of
rye have been specially heavy In the
Northwest and. indeed, for the coun-
try as whole and weather conditions
indicate that the crops will prove pro-
fitable for the agriculturists.
There are now f69 Cuban sugar
mills grinding and supplies of Cuban
raws are commencing to arrive a..
shipping points in increasing volume.
This has not affected prices materially
one way or the other.