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Show lEA IS EXPECTED TO BAISH1GES PRODUCTION QAIN8 ACCORDING. TO QOVERMENT, WILL NOT AF- FECT WHOLESALE C03T8 New Demands In Industry And Trans. ortatton Jump Weekly Con sumption te Almest 9,000,000 Tens Chicago. Increased bituminous pro. daction, vrhlchr according to figures of the United States geological survey sur-vey published Monday reached p. proximately the 5,000.000-ton mark, will have little effect o wholesale prices in the immediate future, dealers here asserted Monday. Lending wholesalers owe distributing for the entire Middle West, estimated that tho or-mal or-mal weekly consumption had reached between eight and nine million tons, with some large usora pressing for supplies. sup-plies. Price Increases lB the near future were predicted by some dealert, especially es-pecially In view of the Hoover tgrt. mont with the ojwratora wtterby maximum figure were established for mine deliveries la aa effort te pretest profiteering nnd speculation. Estimates of the abovo grouad supply sup-ply now on hand wero fixed by deal-era deal-era hore nt about 40,000,000 tons, ef which 10,000,000 are la transit. At the start of the coal strike April sap. piles wero estimated at between 50,. 000,000 and 00,000,000 tons. Increased actlvltly in manufacturing centers, the entry of several railroads into market and orders for sapplte for Great Lakes vessels and the Northwest North-west demand have transformed Ue customary stagnant summer market into dally competition amoag dealers for shipments. |
