Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-06-30
TRADE HELD SOUND
IN UNITED STATES
Preparations TO Be Made for
Continuing Production Point
to Good Year.
BY J. G.. ROYLE.
Special Dispatch to The Star.

Special Dispatch to The star.
NEW YORK, June 30.-The essential
soundness of the business structure of
the United States is amply indicated by
the plans being made for continued pro-
duction
In most lines of endeavor the indie
pendence day holiday will be period Of
intensive preparation for the output of
the last half year. Machinery and
equipment are being overhauled and
repaired Stocks are being carefully in
ventoried and preparations are being
made for business to get off to flying
start on July 5.
Such preparations are especially in
evidence In the steel industry. Furnaces
are being put into condition for record
outputs and scores Of stacks will hang
up in the last half of the year monthly
marks which they never before have
approached. The automobile factories
are in similar state of turmoil. The
leading interest is now employing a
huge number of men and is increasing
It's pay rolls slightly Other factories are
being speeded up in anticipation OF the
expected orders from the agricultural
districts as the harvests march north
ward.
Building Materials Firm.
Building shows 70 sign of slackening
and as a consequence building ma
terials arc in firm position. This ap-
plies especially to lumber, in which sup
ply and demand are being held within
close touch with each other. Some
slight uneasiness is being felt among
the producers of copper. for while
prices are still high and firm, buying
has fallen off to some extent with the
filling of consumers immediate de-
mands. while production is rising stead
lily. Zinc is benefiting slightly from re-
strictive measures put into effect by
producers themselves, and lead is
steady
There is a flood OF money rolling in
from the harvest fields of the South
west and the wave is steadily spread
ing northward. This cash coming into
the pockets Of the farmers is stimulat-
ing retail trade to no little degree. In
the cities the Quitting of young people
In preparation for stays in the boy and
girl Summer camps brought department
stores sales up to an unusual level. The
rush to the lakes, seaside and noun
talns already has commenced. Rail-
roads in all sections are putting on
special trains. The additional units in
the case of the New York Central and
PENNSYLVANIA in this section alone
amount to $50.
Agricultural commodity prices are
fairly satisfactory to the producers, and
this has increased their willingness to
spend. The cotton advance, however, is
believed to have caught some of the
textile manufacturers out Of line. and
the cotton cloth industry is in a de-
cidedly unsatisfactory condition.
Business Men Confident.
The period of uncertainty as to can
didates of the two political parties has
passed and business no longer has the
excuse or fear of what the planks of the
rival platforms will show. Business men
generally seem to be confident that no
matter who is elected, the attitude of
the next President toward business will
be sound
The demand for Fall shoes has been
piling up steadily in the last few weeks,
and the leather industry has been slim
ulated m consequence. The shoe fac
tories seem likely to have a busy
Summer.
Money for agricultural and CONNER
cial needs is growing more plentiful,
and this fact is taken to support the
assertion that no severe check Is antici-
pated to prosperity In the near future
Farm values are gradually recovering,
although there Is no tendency to shove
them to the inflated heights of 1921.
City rentals are of to some extent, but
business space is in strong demand. The
insurance companies are winding up
one OF the most satisfactory half years
in their history.