Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-13
TREND IS UPWARD
IN WEEKLY TRADE
Business Reviews Lay Gain
in Part to Lower Money
Rates.
Special Dispatch to The star.

Special Dispatch to The Star.
NEW YORK, October 12.-Reports
on trade and industry, outside Of COM
paratively few lines, indicate increasing
activity, due In part to the return of
cool weather, according to the weekly
commercial reviews. Lower money rates,
although not considered permanent, also
had some influence on trends
Bradstreet's State Of Trade says In
part:
Prominent in the list of trade lines
which are still making good compare
sons with year ago are cotton. silk
clothing and shoe manufacture and sale.
In the list of industries which send
rather less satisfactory reports than
awhile ago are iron and steel, mainly
the lighter lines automobiles, tires and
accessory lines of manufacture and sale
and building, which for the month,
third quarter and nine months, records
smaller expenditures than In like
periods Of the past six years.
In the steel trade, the relative
quieting down Of automobile manu-
featuring and reported Slowness Of
sales of new and of used cars Is ap-
parently directly reflected In lower
prices of sheets, while the weakness
hitherto noted in wire products seems
to have been accentuated, with some
additional weakness In steel scrap.
Record for September.
1.-THE September report Of steel ingot
production is on q par with that re-
garding pig iron production in that
both of them showed record outputs
for September, while, naturally, noting
a quieting down from earlier months
of the year. The peak in both indus
tries, 1t might be recalled, was reached
as far back as May.
I'm the automobile industry, reports
from the leading center are that pro-
duction tends to shrink, and that
output for the fourth quarter prom
ises to be less alike than a year ago
and than in the third quarter of this
year. Lessened output OF tires, plate
glass and other products used in auto
mobile manufacturing Is indicated in
other reports"
r. G. Dun's weekly review Of busi-
ness says In part:
THE significance of signs of a con-
traction in certain lines from an un-
usually high level of activity had been
magnifed, and the subsequent appraisal
has been more in keeping with the
actual facts. ReadjustmentS have been
under way In some channels. including
building construction, auto Mobile man.
ufacture and the great steel industry,
and various irregularities and con-
trasts exist, but nothing resembling a
widespread recession has appeared.
Car Loadings.
THAT maximum records would con-
| tinue to be achieved indefinitely was
hardly to be expected, and such In
| terruption to expansion as has &C.
CURED may logically be considered
wholly natural. Even now, following
nine months of exceptional accom-
plishment. much In the way of sus-
tanned progress is disclosed, with the
heavy consumption of goods being
constantly reflected in the reports Of
railroad freight traffic.
| mo single statistical measurement
can cover the far-reaching scope of
commercial enterprises, but the returns
OF car loadings afford a barometer Of
the distribution of merchandise and
| of the public purchasing power"