The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-04-03
BUSINESS REVIVES
AS PRICES RECEDE
Reports From IL Reserve Dis
tricts Show Improvement
in Trade.
NO LACK OF CASH IN I. s.
Large Demand for Jewelry and
Luxuries Dispels Fear of
"Hard Times"
NO LACK OF CASH IN L. s.
spec,dt Despatch TO TIE Sun.

WASHINGTON, April "A brisk re-
vival of business and trade, in some
instances lower prices. and increasing
public confidence with a restoration of
industry in many instances to near nor
NAL production with consequent easing
off Of the employment situation are In
dicated by the Federal Reserve Board
in It's monthly report on business con-
ditions.
Reports from each of the twelve re-
serve districts are decidedly optimistic
in tone and general improvement has
either been accomplished or is In i'm
mediate prospect
Attention is called to the fact there
in a large demand for Jewelry, auto
mobiles and other luxurles. indicating
the country Is in no sense feeling the
pinch of hard times In any quarter.
The reports are the most optimistic re-
coived since the signing OF the armis-
tice. Much stress is laid upon'thc gen
eral reduction OF price levels and the
relation of this movement to increased
business.
BY districts the reports may be sum-
First District-Satlsfactory progress
is being made in adjusting
business to prevailing conditions. retail
trade being generally good, savings de-
posits increasing and business beginning
To recover
Second Dist-ict-There Is "a general
belief that fundamental conditions are
sound although there is still a waiting
attitude and uncertainty as to prices
hirJ ~ tn nrfr 5t.r
ing the last few weeks have Improved
the business situation and indicate prog
ress Is being made In the process OF
readjustment"
Fourth District-"Industry may be
said to be looking up. that is. it is
CHANGING upward toward greater activity
rather than downward. as formerly. to a
further period OF stagnation. depression
and decline"
Fifth District-"whle reports still
show cross currents from dulness and
uncertainty there are very few that do
not indicate some improvement present
or prospective. and the spirit generally is
confident of overcoming difficulties"
Sixth District-"No great progress has
been made during the past few weeks
toward return to normal conditions.
| but the general status of business Is
fairly satisfactory, and II Is felt tina: as
soon as cotton begins to move at a salts
| factory price trade in all lines will re-
vive."
Seventh Observation-Disclosures. while pro-
ceeding along conservative lines. reflects
less apprehension regarding the future
than a month ago It is also stated
/ tb.r, 10 ovar,, reason 20 exn.c, Increased
activity all through the middle West"
'.. $50, - a. -. liz. :,
resuni.he noi." ,. Dos ~
| Nintn Dis'rict- iiaoe IN al .Iie pIi"
cipai wholesale iines Is sstisiac'ory anu
retail trade ID likewise eooo' Soieetio"A
are good.
| Tenth District-"Reports from All Sec
tons point to year OF &C
I tivity and prosperity, while business ls
| FAR less inclined than heretofore TO walt
| for the development of new conditions.
Eleventh District-"No changes OF I'M
portance have occurred in the genera
trade situation during the last thirty
days. but further progress is evident ir
the adtustment period and less is heard
NJ tho uncertainty following the turn OF
the new year"
rn.e,,,,, D,s,-,o,-">,or,r.c, curing anf
- -, 49, ,rhn,a ,,ir
r'iS - Snort. tb,
| M"l'e So ~, .;s.,,,
iarses' e'ei i.po' .eu "e ~. o ~,
source OF anxiety IL oue u inc 'aoo' '''
uation' :,
from All Feueral reserve uls.Ii0S
Is reported the price s'ua'loll 10 sun 'n'
controlling FACTOR IN business conuitioii'
ana OUTLOOK 'houSh there mas Deeh
continuous thoush MODERATE aec''he II
prices.
cotton prices continued 10 uecnhe our
ing the early part OF the month, ou
prospects OF resumption OF free eNpor
iiFa6p nataTiallV strengthened them,