Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-16
BUSINESS REMAINS
QUIET DURING WEEK
Trade Reviews Find Recu-
peratiVe Processes Are
FunCtioning.

The general business situation still
remains spotty, the stock market trend
downward and elements of uncertainty
exist on account of the drought, recent
rains and cooler weather. but recupera-
tive processes still are functioning, &C
cording to weekly reviews of the agen-
cies. r. G. Dun Co. and Bradstreet's.
Seldom at one time" says Dun &
Co, have so many influences COM
bined to represS activities as in the
present instance, and it is not consid-
cred unnatural, with severe crop dam
age as an added deterrent, that eau
ton should be accentuated The exist
ing hesitation does not imply any ques-
tioning of ultimate recovery, but modi-
fication of earlier views as to the date
of decisive revival has been necessitated
by subsequent developments"
Unusual Aspects Shown.
'"The unusual aspects of the COM
mercial situation" says Dun &, Co.
"are being manifested i'll numerous
ways, with restraining forces, rather
than stimulating factors, still having
the greater weight. That is a quite
normal phase at this period, yet the
seasonal slackening is intensified this
year, ana d new VI
has arisen from the recent widespread
and serious drought.
"One of the promising portents is
the reduction in stocks of different
goods which has followed the sharp
decrease in outputs, the closer. align
ment between production and consump-
ton obviously having a significant bear
ing upon the future. Thus although
The immediate results are disappoint-
49,
or strength whose effects should be
more plainly revealed with the passing
OF time"
Bradstreet's finds that benefits to
retail trade and crops, due to rain and
lower temperatures, outside of the
South" are partly offset by uncertain
ties as to just how much of the July
and August damage has been repaired"
Cooler weather has unQuestionably
helped retail trade, this mainly in dis
posal of Summer goods at Sales and in
some areas slight picking up of in
duStry is noted, over against which is
noted the growth of uncertainty in buy
ing and prices of iron and STEEL which
1t may take the September l crop re-
ports TO decide" this agency continues.
In the iron and steel trade the bene-
fits of the enlarged activity in automo-
bile production are balanced by easier
prices for some finished steel and pig
iron whereas steel scrap and coke are
reported flrmer at some centers. so
to SIS per cent capacity is noted in the
trade as whole. The pipe and tube
producers are active, some good orders
for tractors are helping trade i'll bars
and agricultural implement men ale re-
ported planning resumption. In lumber,
production seems to be 40 to SO per cent
of the peak.
Building Reports.
Building reports to Bradstreet's note
q gain over June at New York City, but
this Improvement does not seem to carry
outside thereof, with decreases still Wis
ible from July a year ago. Ill the tex
tile trades, the feature Of the news in
cotton goods is the low ebb shown in
cloth manufacturing in july. In nom
ferrous metals, there are reports Of the
Il-cent price for copper being shaded,
with zinc and tin also easier. In the
motion picture industry, operations are
said to have reached and passed their
peak at the Pacific Coast center.
I'm the coal trade, the commercial
stocks of bituminous coal are reported
the lightest in eight years, but current
operations are light In anthracite coal
the renewal Of the wage agreement has
helped things generally"
Heard in Financial District.
w. H Lipscomb of Washington and
New York, son-in-law of the late
Samuel Ross, has been elected direc-
tor of Barber g. Ross, Inc, it was an
nounced today by Harry Blake, president
of the company. Mr.. LipScomb is presi-
dent of the Dubilier Condenser Corpora
ton, with Offices at 342 Madison avenue,
New York He has a home at Great
Neck, Long Island, and also at 1924
Massachusetts avenue, this city. He
came from Manassas, Va. and was
located for time at Norfolk, and was
formerly with the United States Steel
Export Co. of New York.
Claude Woodward, president of the
Mount Vernon Savings Bank, has re-
turned from a months vacation at Old
Orchard, Me.
Alfred E. Lewis, jr., formerly of
G. M P Murphy & Co, has joined the
sales staff of Crane, Paris & Co.