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Show The Rising Tide of Business " By tra C. Tichenot TIE following from the latent number of the Wollmnn KevifW in no much like an echo of a nummary of improving conditions that appeared in thitt column a few days ago that it ia reproduced without further comment: a tha gen aon progresses, tha manner In which business and Industry continue tn gain lecnmes mora and mora Impressive. Tha ralatlva aaaa and abundance of monry under tha clrcumatancc la rather remarkable, and It apparently shows the extent of tha liquidation that haa taken placa In the liut year and a half. It probably will not be lone before the call for credit and hank accommodation win cauee soma tightening In rates, but at present there tire no visible signs of thin devclonmrnt. In soma departments of Industry activity In becoming Intensive. This Is particularly notable tn building operation, with the May figures for the twenty-seven Northeastern statea breaking all previous records, with a total of t3C2.u90.000. which exceeded the April total by 3 per cent and was SO per cent over May last year. New crecorda alao are being eNtabllshed In the automobile Industry. Not withstanding the heavy production of cars for the Inst three months and tha fact that the peak of th selling movement has passed, there Is no evidence of a rtductlon tn tha rate of activity at the plants of the leading compnnlra. There la also a big production of motor trucks, and the com -pHnfca prominent tn thta branch of the Industry are flooded with orders nnd work In it at Increasing enpacity. Tire manufacturers are now said to operating at tit per cent of the penk production of two years ago, which ouM mcu, h rate somewhat In excess of normal. The surprise of the year continues to be furnished by the steel Industry and the manner In which capacity and output are being increased In the fare of the coal strike. Demand Is growing, thus putting a pressure on tha h mill to meet the requirements of customers. It Is only natural thst price ft'lv.in-cN have taken place In view of rising fuel costs and some wage IncreHai-a. other favorable features In the situation consist of the Improvement In the stai us of copper, with producers placed In a comfortable position by re.-cne sties and fortified by the backlog of a well sustained demand; rallrond traffic la on an encouragingly large, scale, and It Is probable that rarloadtng would he clone to their peak If It were not for the falling off In coal shipments due to the strike. The latent figures compiled by the federal reserve bank of New York show a decided Improvement In mall order huelne and a well sustained volume of retail trade. May failures as t ported by Hrnditreet' reached a total of only 148,000,000, compared with f;: .ooft.nnn n April and $:i7.ooo.000 In March. |