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The Iron Age 1922-07-13: Vol 110 Iss 2

1922 Reed Business Information US

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THE IRON AGE New York, July 13, 1922 ESTABLISHED 1855 VOL. 110 No. 2 Trend of Basic Business Conditions Present Situation Similar, in Volume of Activity, to 1920— March Saw a Distinct Emergence from the Influence of the Slump HILE it has been generally recognized that the W steel industry was harder hit by the slump of 1921 than business in general, there has been little opportunity to make a direct comparison between the way in which the two were incapacitated. Figures now being given out each month, however, by the De- partment of Commerce, under Mr. Hoover’s direction, and covered under the heading “Survey of Current Business,” permit a study over a considerable period of time of the production of most of the basic com- modities. Making use of these figures, and particularly of the relation which they bear to production of the same items at earlier dates, we may obtain a gage of business conditions in general, rather than in terms of one industry. Ten basic groups of items were taken for the study. These are food, building, textiles, fuel, vehicles, leather, lumber, steel, non-ferrous metals and paper. Seven of the ten items are further sub-divided. Thus, food is a composite of …

Citation

The Iron Age 1922-07-13: Vol 110 Iss 2. Reed Business Information US. 1922.