Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-26
UNDERGONE IS GOOD
IN BUSINESS WORLD
Rentals at SeaShore and
Country Resorts Indicate
Continuation of Prosperity.
BY j. e. RONiE.


Special Dispatch to The star.
NEW YORK, February 26.-Real eS-
tate transactions are showing stead!
increase in many parts OF The countf!
according to real estate boafdS. MS
Is not the result of boom eActtements'
but of healthy activity. The tranSac,
lions. however, are still below the IeNei
shown at this time last year. when
they were higher than at any time III
u years.
Rentals show considerable improve
nent so far as business and office space
in cities is concerned, while the mum
her of Summer cottages ana homes
rented on Washington birthday in
The sea shore and country resorts from
Virginia to Maine was ASTONISHING
Ghese indications point enthusiastically
toward a continuation of business pros
perity. On the other hand. consideia-
BILE doubt exists that this prosperity
will be as marked as II was last
Spring.
Responds 10 Better Buying.
President James A. Campbell OF the
YOUNGSTOWN Sheet d Tube TO. pre-
ticted today that the steel industry
this year will average about 20 per
cent of the record breaking volume OF
business done in 1926. Steel has re-
sponded to the increase in buying by
railroads and by some factors in the
automobile industry. Sentiment Ger
tainly has not been hurt by develop
ments in the oil industry. which shows
acute need for storage tanks and pipe
lines in the Seminole field territory.
Four new open hearth furnaces nave
been decided OH by the Trumbuil steel
co, and the new 6,000-ton open-hearth
furnace of the Otis Steel co. has hunS
M a record tonnage since II was put
into commission a month ago.
The automobile companies with
models which have caught the public
fancy or hold the public's confidence
are working at a steadily increasing
rate with splendid forward orders
Others are finding sales not entirely
satisfactory.
While crude oil prices have been
reduced, the drop in some circles has
resulted in a feeling of more stability,
since it was inevitable that some
thing of the sort was coming in View
Of large production.
Soft Coal Supplies Good.
The bituminous coal companies are
steadily increasing I1eck piles in
anticipation of a possible strike April
]. but the anthracite companies are
cutting down operations. The Hud-
son Co. has just announced the IN
definite closing of its mines in Lacka-
wanna and Luzerne Counties in
Pennsylvania, throwing $4,000 men
out of work.
The textile trades are better off
than they were a year ago, but still
ere far from cheerful, although con-
tracing for wool on the western
ranges is increasing.
Building operations show Few i'm
portant changes, but building ma
terial prices are about 5 pc. cent
lower than q. year ago. Cement mills
are well engaged. Lumber orders are
steady, but shipments and production
show slight increase.
Among the non-ferrous metals, the
silver market apparently is fluctuating
only slightly and awaiting more
definite trend Of political affairs in the
Orient. Copper was helped by export
business and by a. fine domestic de-
mand. Production still is high. Zinc
producers are looking forward to bet
ter prices as result of voluntarily
curtailed production.