Cleveland, July 15.
The outstanding feature of the American business scene in the first six months of the current year has been the ability of industrial production and trade to show steady progress "almost in full disregard of the steel strike," it was asserted to-day by Col. L, P. Ayres, vice-president of the Cleveland Trust Ca. and noted economic analyst, in his monthly survey of business. conditions.
The course of recovery has also disregarded the French monetary crisis and other bearish news, Col. Ayres pointed out.
He called attention, however, to the fact that adverse influences have shown their effect on the security markets. He expressed the opinion that the Committee for Industrial Organization had suffered a recession in recent weeks.—United Press.
Political developments in North China have affected the whole silk market, inasmuch as speculators have turned sellers, The export market remains quiet as before. Prices show a tendency to resolve.
Text read from the printed page and cleaned; old type leaves the occasional error.