Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-27
.UPTURN IN TRADE
NOTED IN SURVEY
Favorable Factor Set Forth
by National Body, but No
Conclusions Drawn.
By the Associated Press.

By the Associated Press.
Numerous factors favorable to future
business, both in this country and
abroad. were seen today in a summary
of economic conditions issued by the
National Business Survey Conference.
Julius H. Barnes, chairman Of the
organization which was set up by bust
ness and finance a year ago at the sug-
gestion Of President Hoover, pointed to
these factors in an accompanying re-
port, but left the drawing Of conclu-
sions to each individual.
in the preparation Of this sum-
mary several factors were apparent"
the report said. Among these were
the large amount of new capital pro-
vided for productive purposes and evil
dences of Sterilization or advancing ten
denotes in prices of raw materials. AL
such factors each business man viii
wish to weigh for herself"
Lending on Increase.
Supporting this conclusion, 1t was
pointed out that lending operations OF
banks had markedly increased; that
capital issues for September were 30
per cent greater than those OF August
and that "a decreasing number OF fore
closures and delinquencies reflected con-
tinued improvement In the field OF hrst
lien banking" No uniform trend,
either up or down, was visible as 70
savings deposits.
Installment selling Of automobiles
and other items was said to be show
ing mo material increase IN repoSses-
sions." Some betterment exists IN
wholesale collections, with no change
in retail collections. Life insurance
selling increased in September over Au-
gust. Premium income Of fire tnsur-
ance companies has declined.
For the first nine months OF 1880,
the report said, residential construc-
ton had declined under last years
mark by STA .0o0, 900. but public works
and public utility construction had been
above last years volume by $4,000
900. Paving contracts exceeded last
years total by per cent. Residential
vacancies over the country were normal
for September In out OF II districts
of the United States.
Street Car Traffic on.
Street railway traffic in September
was 8 per cent under that Of the same
month last year. but August records OF
such traffic were 10 per cent under last
years. Freight traffic on railroads was
less.
Seasonal increases were noted in
telephone communications and in radio
sales, Postal receipts showed decline
In the previous rate Of recession for
September.
New capital investments in utilities
continued to be above last years rec
ords in most cases. Output OF electrical
euuipment was above 1928 levels, though
below that of 1929. Stocks on hand OF
petroleum products declined. Metal
prices dropped, and output rates in steel
and copper were lower than the aver
age. September automobile production
was AZ per cent below that Of last year,
but inventories of auto tires have de-
creased.
Seasonal Gains Noted.
Production of cottonseed products and
industrial alcohol has been at high
rates, the report said. September also
carried forward the seasonal improve
ment in the textile industry" with in
creased takings of cotton by mills.
Consumption Of silk markedly increased.
Export demand for apples was greater
than last year, while domestic ship
ments of fruits and vegetables remained
at 1929 levels.
Milk consumption has held firm, but
in terms Of consumer outlay" produce
was said to have brought in is per cent
less during September than over a five-
| year average. Stocks of raw sugar have
| declined and prices risen.
"a number of raw materials now show
! increases in price" the report noted,
| naming cotton, corn, wheat and coffee
| Foreign trade volume was said to have
| declined, but 1t added that abroad there
were promising signs of stable condi-
tons and also of improvement in va
riety Of industries, scattered through
| many countries"