Show COAL MAY CURTAIL it INDUSTRY if Lack ck of Cars Means Winter Menace U U. U S. S Reserve Board Says Saysa Eo a W WASHINGTON ASHI Juse Just l 10 lA A A A roal oal shortage next winter Vinte which ma may curtail cur cur- cur cur- taU tall production of iron and steel and seriously affect other industries Is foreseen by the federal reserve resene board in Its review last night o ot of business s industrial and financial t conditions for forthe forthe the month of ot Ia 1 May The situation al already al- al ready is acute is some districts ac according according according ac- ac cording to the board and production in many lines is being held down Production of coal coar is being curtailed chiefly as a result of ot car shortage the reserve board reports It estimated the car ar supply at mines In the east at only 30 SO per cent of ot normal Labor difficulties while complicating the situation situation situation sit sit- are considered by the the board as only a minor cause of reduced redu d coal production Efforts of shippers shippers' on fh the he Great Lakes to facilitate movement of ot coal coalby coalby by pooling their shipments are regarded re regarded regarded re- re by the board as only a partial remedy med In the southwest according to the rev review ew many many mines are operating at only two two thirds thirds capacity Coal Coat shipments shipments shipments ship ship- ments to other countries are reported as light Xo No To reduction of ot coal prices is In sight the board Says Bays C Commenting os the far tar reaching effect ef effect et- et of ot the car shortage and freight congestion the reserve boar board states state that reports of its agents in indicate lc te that the transportation tie up is largely ely the result of the railroad strike which still continues over a large section of the count country Sp Sporadic strikes in the manufacturing tur- tur ing industries notably have b ve to indicate unrest the b board ard says An acute shortage of ot labor on farms is reported Wages apparently h have ve fallen behind the advances ad In prices and cost of ot living the board asserts Little hope for a general reduction of prices Is held out b by the board though it suggests that ch changes in prices that have taken place may furnish furnish furnish fur fur- nish the basis for a more more far reaching alteration in in- inthe the price ture Considerable interruption to business resulted during Ma May from labor and railroad difficulties the board hoard states and the outlook has been such as to cause a severe vere curtailment in the vol vol- lime of stock and securities Lions Material lessening in the market market market mar mar- ket value of ot Liberty bonds first grade securities is attributed to these causes i |