i
j This sea tore wa* stressed hy the
tViilya-Overland president in an ln
: terview which was followed Hv a
. *uhstantial cut in prices of tVillve
dtverland ears. The idea of keener
competition has heen reflected in the
motor truck share* more thin it
; has in the ntnck* of companies doing
mainly a passenger oar business.
The trade reviews dwell unon the
continued gsin In the production of
steel and the outlook for a good Fall
business. Tt appears to be true, as
I H has been all along, that an un
precedented business volume la go
ing on throughout the country. But
on this subject the usual data, such
as railway freight loadings and hank
clearings, are apt to he misleading.
The business total Is extremely large,
hut it is a total which is being
handled at low’ prices. Dun's price
index for September 1 showed a
i trifling advance after eight months
jof steady decline. But the general j
price iavel continues to b* consider- i
ably below that of a year ago. and
the early Autumn of 1 ®f!s was car- j
teinly not a hlgh-priee period.
Foreign Exchange Steadier.
No predictions *r* worth while r*- I
garriing foreign currency movements. I
They are too much subjected to polit- j
leal changes Still French. Belgian I
tun Italian rates have for the second j
i week In succession acted aa If they.
were being stabilized around the |
present level, without any desire to
bring about much of a recovery, be
cause this might he in jurious to busi
ness. yet with a determination to
create confidence in conditiona as
rhev are.
