TUESDAY. .2 .. 1.... _
Tlir- State of Trade.
mg i.iir to good trade in
all distribution. jabbing
..« fulfil-“r expended in the
as n: t‘rtober, with especial
.7 i in southern buying. con-
::r~n the active marketing
~ .n rich prices. says Brad-
.‘m-En in east central mar-
_,. .~anded. in these
:.1 .1? large eastern markets
3.12.: or wearing apparel
<, 05’s and jewelry. espec-
"i‘. *s—ia a. subject of note.
l.i‘.~-:—. rlti‘h as hardware.
i- building materials and
-, _ ii)’l\t’ also been more no-
. u‘mii till!i conservatism are
i is guiding elements. and
'lllll’i'fills rather than large
but. nevertheless. trade
mrwnrd. In the case Of
r-l~ it might be noted
'. , l
.Inliml high prices and
.li}' lint‘s last spring are
r :i with apparently {air
Today. dirtant buy-
<zuinc is bot-ins spoken
1 trad» last spring. and
‘ .; so active for the future
Ili'lll‘lliilif’ delivery. but
. :mvis :ire beinz bought.
.i’ ‘izato, while the big
;. ymr ago of early
'1.» }i':\'l‘ are absent. it
2 :n.1rkmi that trade last
.‘ .Tw was active. Indeed.
, .. )Hll‘ ago showed :1
. t. . rictaii trade reports
v-'._\ cnnrl as are job-
1'.i (‘nfllr‘r wcnthcr has
mi this line. which is
. T “wok. and a further
.ttid‘li'lii‘li :i5‘tlie regular
'i l“"".“‘ Collections are
humbly at southern
.1'v in Texas. where a
immiiiis have been
4',’ ’>'r_ After the mom-
w'm-i u‘ last work. Bram
v H . ["nml Index has
i l.:"“.- r.
.v< like iron and
a... Hill and their sub-
.nw far less active
‘ it i trad". Pig iron
t:-:;'! are acriin lower.
. . ml and coke. and
. - t'l is reported pc-s:
- l. intm‘Csting in
'm‘ l::'li production is
. ‘, mnmm tons a woe-k.
l ‘ ‘ i». imrhnngcd. while
i :tmi-s tend to cage.
«1. .li’o rt‘portcd tak-
: . " mi Hills. and Japan-
» imiwi in black sheets.
. :iiiri tinpiutcs at the
ma are selling tredy
l‘: min oil production
Hi 1' inst week. slim)-
in .zig rut and con-
Ftovks of oéll
.'t7 tt slower ra e
.. )‘t‘at‘. Lumber
. n» rwgnrds order:
- . 'l slightly firmer
w. ziirvm‘c as to prlcrs
-i*i's are lnt‘grst on
t
~1' «ulzttive markets.
1“” 1L rally on the
~ with railway secu-
uméiiwlc advances in
.i out: pt’lCt‘s, which
tii1rl».~iopt9mlirr. and
ll) trim: for cotton.
_ rosn and fell
.4 ginning and in-
halat-s. 'l'hc grains
.1 your in Ameri-
«'mp l'r‘pot‘ts are
Tlu'llzil a good deal
l-;'.i:-l.:t corn. delay-
t:' not mature into
‘0 leir-rnl exports of
l'l‘lCCS point to a.
. l :- quit-inhcr cxports
«vi Hr‘pié‘l'llhel‘ last
inwi mtnsures oi
m-iminbcr point in
iiirrrusc visible in
llllillfiil‘lf‘S in August
. .. ‘iim' progress.
r-mlnrttnli. it is
)‘t 1- cont. he-
‘13 33 pm‘ Ci‘nt.
.. '1' last year. when
i-'-0pcning after the
l Bank clearings
v
.,lT:"l‘ in Svptem-
BUSINESSAND
decrease mstnly st New York Prices _
of commodities mode a large- gain
over August than the latter month'.
did over July. Textiles and provis-
ions gained most. but 'all a: the
grains sdvlnced. Heavy marketing
reduced live stock prices. but this
week has seen I. sharp rally. The
advance in anthracite prices offset
declines in bituminous coal and coke
Failures in September" were (it:
lighten since, November. 1920. while
liabilities were the smallest sincr l
June. 1920. All signs point to tit."
12 and 13 per cent. gains in August
over August. 1922. in wholesale arm 4
retail trade being fully equalled in
September. Mail-order trade in Sept-
ember exceeded the longer month
of August by 16.6 per , cent. and .
September a year ago by 21.3 pail
cent. Chain~store sales show gain: '
little below the mailoorder honors
Mail-order trade for-nine mouths I‘-
one-third larger'than a. year ago
Preliminary building returns sum»
more new building planned in Sept
ember than in August. which in tun
gained over July. with more sma'
building (residences) indicate 1. Chi
cago building values for nine nontit.
exceed those for the entire year 192'.
at that city. Automobile output in
September fell 4.8 per ceht. hehimi‘
August. '
l
Oil Refineries Clown].
There may be no nourishment in
closing doun a big plant and letting
it out its head all in overhead char- :
fies. but that is better than operating
continuously at such a loss that own 3
the biggest banln'ool would be de-1
pleted in time. till runners ha‘xe reut- ‘-
ized at. last that this ls‘a truth. not i
“lsely ignored and. in many in '
stances. have closed their plants
tzotnpletely."l‘.1u llObt seriously at-
teclcd is the group in the lnld~con
tinent. field. because it has I'm-com. :
almost impossible for its members!
to compete with the cheap gasoline
from the California fields. There
were 260 plants reporting to the
llurcau of Mines in August and with
an indicated daily capacity of S'.‘.-'
055.53: barrels of crude oil and op-
erating at. 78 per cent of caracny. '
Those figures contrast. “ilh 3'71 ll‘
tinerics operating in January at a.
per cent of their indicated crude ca
pacily. which “as 1.927.667 barrel.-
a day—some drop and one of tin
most diasllc stops ever taken in tin
old industry. At the same time. it is
the quickest methodct’ relieving the.
present difficult (fixation.
l
Chesapeake and Ohio.
It doesn't. happen often‘tlm: there
is such a wide difference of opinion
regarding it company’s dividend
prospects as there is to-day tn the
case of Chesapeake and Ohio. The
buying of the road's shares in the
last few days has been so pursistcm
that litany doubting Thoniztscs who
ridiculed u “ oak ago the report that
the dlvtdened “ould be increased
trom its present 4 per cent lute do}
not feel so sure of tiiomsolvrs‘now.
As the situation stands today Rluli~
mond interests. usually well invorm-
ed on the line's affairs. declzuo that
there will be no immediate change
in its dividencd policy. On the other
hand. there are those in New York. E
whose information on Chesapeakt;
and Ohio has been men bct'i-r than ‘
that of the Bichmond crowd who ate 1
confident that an increase will in
made. It would be interesting it":
check up tliose two opinions u'iti
neighborhood of Cleveland. th-
home of the Van SWerlngens II
the meantime. speculators are hai
ing lots of fun with the stock.
Railroad Financing in U924
comes. the tougher it will be on the
railroads. Some 384.000.000 of rail
road obligations mature next year
Of them 350.000.000 are equlpinenv
trust. certificates and $24,000.00-
bonds. It is probable that the heav
refunding operations which Balm
more and Ohio will have to undm
, lint 5.5 per cent.
.ist year. with the
’ F.”
.«Iknl1'... .. ..
take for its 1925 maturities will l-~
well under way next year.
‘ ”intuit TOWN HOUSE BAZAAR L i
Ii OCTOBER 17ih-18tfi
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r
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A.
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In large or Snail Quantities
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Norwalk Chronicler