Quite a sharp run-up occurred in
the Italian lira after there had been
more time to graap the significance
iof the Italian financial program
! calling for a reduction of 2.500.000.000
line in the paper note circulation. Thl*
was accompanied by increased acfj
j vitv and better prices for Italian
dollar government bonds.
No change has occurred in money
rates, but the investment market fnr
| the higher grade issues, which is at
a standstill, continues to reflect the
opinion in financial circles that if
I money does not work higher, it will
remain as if Is.
Tb* bureau report for September
I gave the cotton trade a shock
when it revealed a probable crop of
i Is.lfld.odn haJes. This was Quite a
hit above the average private esti
| mates. The surprising feature was
that scarcely any reduction occurred
during the fortnight from the middle
; of August, which is usually one of
tjw» most critical periods of the
j harvest seaeon.
FALL GIVES SPUR l
TO BIG INDUSTRIES
Effect of Labor Day Holiday
More Than Made Ud in In
creased Activity.
BY 4. f. ROYLE.
The lAhor d*v holiday rut deep
Into the commercial and Industrial
actlvitv of the country this week, but
the time lost will he more than made
up through the rate of progress now
being maintained.
The Summer holiday season now
has heen brought officially to a close
and movers and real estate men are
actlvelv engaged, in consequence.
Sales of furniture and household
equipment. Including draperies, car
pets and similar goods, have taken a
decided jump In most cities. This Is
specially noticeable in aluminum ware,
electric refrigerators and oil burning
heaters.
