Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-01
SIGNS OF RECOVERY
NOTED IN BUSINESS
Long Downward Trend Part
Iy Halted, Say Weekly
Financial Reviews.
Special Dispatch to The star.

Special Dispatch to The Star.
NEW YORK, November Some en-
couraging signs in business appeared
during the past week, although the
scope of the improvement remains re-
stricted, while trade and industrial
currents generally continue irregular,
according to the reviews issued yester-
day by the mercantile agencies.
Dun's Review says in part:
"Fluctuation In the weekly rate Of
activity in any given line is Of less
importance than underlying forces
ening of the fundamental situation
being regarded as essential to ultimate
general revival. Progress in the latter
connection does not yet show in the
principal statistical barometers, but the
closer balancing of production with
consumption. the working of OF some
surplus stocks of goods, the naming OF
more attractive prices and the efforts
to mitigate unemployment are among
the hopeful auguries.
Much variation appears now, as
might be expected, in reports from in
dividual branches of business, but the
steady recession has been checked In at
least some quarters, and in isolated
cases distinctly larger transactions have
resulted either from pressure OF 1mme-
diate needs or to take advantage OF ex-
ceptionally low quotations. The re-
newed heavy purchasing Of copper is an
instance Of buyers quick response to
indications of further curtailment OF
output. Cotton and some of its manu-
featured products have shown more re-
sistance to decline, and most other
leading divisions Of the textile industry
disclose a seasonal betterment.
Gradual Recovery Forecast.
Considering the commercial field as
a whole, less than the customary Au-
tumn stimulation Of demand has thus
far occurred. yet the prevailing circum-
stances are such as to qualify COMPARE
sons with other years. Nothing APP
parently foreshadows an early marked
departure from the existing status, but
the passing of time is calculated to add
to the factors which are counted upon
eventually to bring the hoped-for re-
covery.
In the main, there has been a bet
ter sentiment in financial circles, while
markets for the great agricultural sta
pies, although highly sensitive to specu-
lative influences, have moved with d.
minished violence. Any turn to greater
stability in prices for commodities would
be advantageous to trade uplift.'
Bradstreets says In part:
I'm the general balancing up OF re-
ports for the week, wholesale and job
bling trade and industry seem trifle
quieter, while retail trade maintains its
hitherto October volume, with spurts or
declines from earlier periods where
weather or other conditions govern.
That seasonal conditions are hay-
ing normal weight in certain lines seems
, evident from the slowing down reported
in two branches of the trcn and steel
! trades. tin plate and pipe making. with
resulting reports of further slight
easing of of steel plants TO an even so
| per cent average. In the notable varia-
/ ton OF reports from the above trade
! might be mentioned the general easing
! OF Of prices OF steel scrap, over against
| which have been the placing of some
I heavy orders for steel rails and for q
! good volume of structural work, these
| apparently guaranteeing q volume OF
work through the Fall and Winter az
last equal to that so far experienced.
Lumber Production Lays.
Among the other industries it Is
noted that lumber output is down tc
its apparent minimum limit, with do
mestic takings apparently relied upon
to furnish buying power to Offset some
ebbing in export lines. Hardwood areas
in the central valley note rather quiei
tone prevailing. Shoe manufacturing