Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-22
BUSINESS UPSW|NG
SEEN DURING WEEK.
Trade Reviews Cite Stock
and Grain Rallies as
Encouraging Signs.

NEW YORK, November 22.-warm
weather as . deterrent to wholesale and
retail sales and some visible setbacks
In industry have been Offset during the
past week by signs Of improvement In
other directions, chiefly In the advanc-
ing trend in the securities markets and
the rally in wheat and other grains,
according to the business reviews is
sued by the mercantile agencies. Mean
while adjustments which are counted
on to establish an effective basis for
ultimate recovery are being carried on
steadily, It is stated.
Dun's Review sAys, In part:
1.-THE hopeful indications in the BUSH
ness situation have attained somewhat
more prominence, although there OBJ
viously remains o sharp distinction be-
tween scattered betterment and wide
spread uplift. It Is moderately en-
couraging, however, that sentiment has
made some gains, largely in response
to improved financial markets.
Economic Changes.
much already has been accomplished
in the direction Of essential economic
changes, and the beneficial results
should show more plainly with the
further passing of time. Immediate
surface fluctuations In the volume of
trade are Of less significance than the
underlying movements which win deter
mine the eventual trend, and the level
OF activity does not vary greatly from
week TO week.
Not much alteration in the position
Of general business during the balance
Of this year is expected, but the closer
alignment Of output with consumption,
the reduction in inventories In many in
stances, the unusual ease Of money
rates and the knowledge that numerous
weak points have been eliminated are
among the reassuring aspects"
Bradstreet's says, in part:
I'm industry there has been q further
slight shading OF visible in steel mill
operations, alternate declines and rallies
In steel scrap prices and . reaction in
copper prices from the high price Of
IL cents set late last week, which it Is
conceded was overdone, but which was,
it Is nevertheless admitted, the out
standing feature in the facing about Of
this, one Of the worlds important in
ddIstries.
"Other markets, many Of these Of
foodstuffs, have been slower to register
the apparently more cheerful view Of
things, this being reflected in q further
slight easing OF Of Bradstreet's Weekly
Index Number. Whether all Of these
developments are, in fact, simply natu-
raj reactions after the past two months
bearish developments and downward
trend In prices is yet to be determined
by the events Of the next few weeks.
Effect Of Weather.
zone Of what might be called the
natural developments Of the week was
the advent Of stormy weather, with
heavy gnow in the Rocky Mountain
region and later cyclonic conditions in
the Southwest, which may possibly mark
the advent Of the long desired cold
weather, certainly needed to stimulate
the hitherto tagging markets for heavy
clothing, shoes and other Winter wear.
Unless mort signs fail, there would seem
to be contained herein the possibilities
Of considerable volume of recorder
business in these goods, which 1t Is
understood were not bought as freely
as in other years owing TO the depressed
state Of trade feeling generally prevail
ing this Fall"