New-York tribune., 1922-05-06
Report Nations
Trade Gaining
In All States
\. Boom, but a Gradual
" pn.iness Strengthening,
p.nk Examiners Tell
Comptroller of Currency
farmers Regain Morale
Wholesome Trend Noted in
\. Y. in Spite of DE
nression in All Lines

r,eurNGToN, May ) (By The Ae-
,,.i.t,d Press).--Genersl sere''s sure, e".n, q, =
80 .s ~ The economic machinery OF the
= ..;on vas reported to-day to comp
Liz q: TIE Currency crlsSlhger pF
- ~ .r.lve chief national bank exam
u. .s-, r,nresentlng the Federal reserve
Vets at their annual meeting IN
~. 1a sysminers said there had been
....hIs Improvement in business con
...;nrs throughout the country to-
~. 80 With restored confidence aud a
si.snrshIe i outlook. The belief was ex-
...ssed however that progress toward
pa-n.I conditions would be gradual
.na MT an overnight accomplishment,
Ws,ted Improvement in New England
l,s,nss. ur was reported by Herbert W.
scott. Of tire Boston district,
In the New York district business
generally shows wholesome trend a.
.hough still depressed in all ilnes' &C
cording to L. c. Borden, who sald fhat
the proposed soldiers bonus iegisla-
ION while strongly condemned is not
,svine much effect because OF the
drm faith in President Harding.
Philadelphia Recovering
Philadelphia is we'll on the way to
..coyery, Stephen L. Newman re
oorted.
Continued improvement is expected
IN Cleveland, according TO T, C,
Tbomss. Business" he said. "shows
decided upward trend. Conditions
viii continue to improve, notwithstand-
,ng the fact that the present coal
strike and disorders in other lines OF
ndustry have to some extent halted
sctvity."
Less favorable reports from the
Richmond district were presented by
". J. Schechter "Industrially condi-
tons are fair" he said
Florida conditions are better than
any state in the Union. according to
]. ". Pole. of the Atlanta district
Considerable decrease in the grain
on hand in the Chicago district WAS
reported by Fred Brown. as we'll as
heavier exports Stock and bond prices
are advancing. he declared, automotive,
steel, machinery and allied lines eX-
pandng, and belief in the revival Of
the spring trade is expressed,
Farmers Morale Better
THE morale of the farmer is slowly
returning" John s. Wood, Of the St.
Louis district. declared.
Reviving purchasing power of the
farmers was reported by Howard NJ.
Sims. of the Minneapolis district.
Kansas City is "oYer the hill" ac-
cording to Luther K. Roberts.
There cannot be an Improvement
under a year according to Richard
H. Collier. Of the Dallas district, land
no great Improvement under two or
three years
Pacific Coast bankers look to inter
national effort to bring about world
res.oraton, according to Harry L.
hschen, Of the San Francisco district.
Improved industrial conditions which
are gradually transating unemploy-
nont into employment were noted to-
day in the monthly report of the Labor
departments employment service. Out
OF sIXty-h7e cities where studies have
nAen maintained the month of April
s'o~od forty in which more workers
we're given places on pay rolls and only
twenty-five in which employment dc
creased.
New York showed a decrease in en-
poi,oyment Of 7-10 Of per cent and
Ohicaso OF 5.5 per cent.