Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-25
BUSINESS UPTURN
NOTED IN REVIEWS
Dun and Bradstreet's Reveal
Improvement In Re-
tail Trade.
Special Dispatch to Ths star.


NEW YORK, October 25.-The gen.
erals trend Of business is upward, and
conditions are somewhat more encour.
aging than was the case q few weeks
ago, according to the reviews OF the mer-
camille agencies. Colder weather In the
last week has stimulated buying OF
wearing apparel, although the increase
Is not up to the usual seasonal demand.
1t Is stated. 1t Is also noted that spe-
ctal sales and other means to increase
the turnover of merchandise have met
with some success, and that sentiment
has improved. One reports that raw
materials are entering into consump-
ton in greater volume.
Bradstreet'S says in part:
Goats and other heavy outer COW
ering sold more freely than at any pre-
vious time this Fall. Coincidentallv
there was a pickup in coal buying, this
more particularly in the Central West.
and the situation in this line, aided by
previous close managing Of bituminous
production, was rather more cheerful
than for some time past,
In the speculative markets. wheat
rather seemed to lead all others. the
week seeing rally Of 4 to cents
from the low OF last week, this partly
due TO the idea that about the worst
was known as to crops and old SUM-
plies. Corn sympathized with a rather
smaller gain, and. in fact, all grains
were sympathetically affected.
The stock market seemed to move
more uncertainty with many new lows
made as late as Wednesday, but with
disposition to follow other markets
displayed later. The news as to the
crops was not greatly different than of
late, with rains or SHOWS reported help
ful in some areas to Fall-sown grain,
but the extension of cold weather in the
Southwest tended to stiffen cotton. Corn
huskings tended to indicate smaller
than earlier indicated yields.
Mixed Trends in Industry.
among the industries, there were
slight ebb and flow movements noted
in steel and iron output, with the gem
eral trend, as q whole, toward shad-
ing of OF capacity, which ranged from
SO to 81 per cent, and q further slight
weakening of some kinds of sheets, Bes-
semer pig iron and heavy steel scrap,
the latter two rejecting notable shad-
ings from the prices or a year ago.
About the most important new business
noted was the booking of further orders
for rails and good report as to struc-
tural steel buying"
Dun'S Review says in part:
ues at slackened pace, but there Is o
slow and steady trend toward better
ment. Factors influencing current de-
velopmentS could scarcely be viewed Is
conducive to any vigorous revival, yet
the aspect is now somewhat more
cheerful than 1t was q few weeks back.
An advance Of slightly more than sea-
sonal proportions in electric power out
put proves that some Of the barriers
acting against q readjustment are now
yielding to the force of actual demand.
This Is necessarily slow in face of such
retardative influences as the long-con-
tinued instability of commodity prices,
an acute unemployment situation and
the reduced purchasing power in agri-
cultural districts.
improvement in Textiles.
Current industrial movements have
made additional gains in come direc-
tions, operating schedules at leading
textile centers, especially in the South,
showing further extensions. The i'm
proved outlook In both domestic and
foreign textile trades and substantial
gains in sales Of cotton goods has re-
suited in q rise In cotton quotations.
There Is lack Of uniformity in the
reports of industrial movements, how
ever. In the steel mills operations con-
tinue at about the same rate as last
week at not over So per cent OF capacity.
Some increase in railroad buying is re-
ported and there are further calls for
structural steel with scattered gains in
other departments. Pronounced con-
servatism, however, remains the domi-
nant note.
"Shoe manufacturing at New England
centers Is even more quiet, with orders
coming mostly from large buyers on .
price basis. Hides have further de-
clined from lower price than previously
quoted, and tanners are displaying but
little interest in the market. Leather
sales continue very moderate and the
market is weak. Some encouragement
has been derived from rather extensive
plans to be put in operation for the
relief of unemployment.
while the weather slowed work on
the crops, the first freeze Of the season
did no damage in the corn belt. Cotton
picking In the South, however, was de-
layed somewhat by rather frequent rains
in some sections"