OCR Text |
Show HEAVY TRADES I m STRENGTH Steel Activities Increase; Shortage of Cars Believed Be-lieved Certain NEW YoRK, Sept. 18 (By the As-socfated As-socfated Press.) Reports received in financial and business quarters during dur-ing the pa-M week Indli ate that the heavy Industries are making a rather better re, nniy from the effects of the Hirlkc-s than ha1 hern anticipated Soft coal output is running close to ,10.000 tons a week and supplies of ; this commodity are such that thl steel Industry Is now receiving sufficient suf-ficient fuel to run at 60 p- r . f nt of capacity Instead of the 50 per cent of , two weeks ago. The limiting factor In steel works operation is now but a I scarcity of the kind of freight cars ! needed to carry the Industry's products. prod-ucts. CARJOADIXGS IKCRE SE With soft coal mining In awing and with anthtaclte mining In the process of resumption, the railroads arc carrying car-rying the largest amount of freight in nearly two years, Carloadlngs for the ,week nded September totaled 932,-000, 932,-000, an Increase of 41,000 cars p r the previous weaa The supplj "f Idle cars Is now reaching reach-ing the Minlrh'ng point With the partial settlement of ihe shopmen's strike, ;t ts fel that, while a car sh'ort-age sh'ort-age is inevitable, the railroads will move a v.ry large portion of the fn ielr offered during the fall Cotton consumption is encouraging August s taklncrs h our domestic mills amounted to 527, ooo lih th- largest In any month since June.' 1920, W ill VT PftlCES w I VK. Wheat prices continue weak under the Influence ol crop receipts hedge selling and the continuation of favorable favor-able weather. Official estimates place he Canadian crop at close to 400.-. ooo. noo bushels :i flcim which indicates indi-cates an exportable surplus of nearly loo ii mi i,n h.-Is This show Ing naturally has its effect on the price of our own grain. A fair amount of foreign buying i- talcing place on-the i brfaks, but this buying Is not suffic-' ; lently strong to more than check the : decline, :i n,i usually is followed by weakness in the forign exchangee when the corresponding commercial bills are plat ed In the market MONEY CONDITIONS After Beveral weeks of slighl declines, de-clines, the reserve ratio of the federal reserve system has come to a stand-' still It has not. however as yet' showed the usual recovery from La-' hor day demands, possibly on account of the proximity of the t.tx date. New capital issues arc increasing after a period of summer Inactivity and this movement Is expected to continue. It I is thought that the next week or two should show Whether the money marled mar-led has reached a turning point. |