Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-02
MARKET IS MOVING
STEADILY FORWARD
Substantial Buying of Secu-
rites Has Caused Ad-
vance in Prices.
nv JOHN F. SINCLAIR.

Special Dispatch to The Star
NEw YORK, April 1.-The stock
,,,srket Is moving forward. The Des'
S,.d,IstriaI and utility stocks are par
tir,Ilarlv strong. Discriminating ouy-
ing. with larger public participation Il
Greater stability in commodity prices,
"A shown by the Analyst price nueH
for last week, Is factor. SllehC cen
wheat and cotton moved up sngnIiy.
So did lead, tin and rubber. Inc
basic commodities now should be near
such stocks as Standard Oil of New
Jersey Sinclair. General Electric, West
inrhouse. Bethlehem Steel, Anaconda
united states Steel and United Cor
poration advanced substantially yes
terday. -. vo~,.
Stock Exchange totaled nearly 5,4uO,-
600, and yesterdays figures-o, loI ,ovV
were only slightly under that marx.
"Healthy and substantial buying" Is
the way one large operator described IL.
william Green's statement that
700 600 wage earners were out OF work
in February. with 1.-The resultant loss OF
S400 600 900 in pay envelopes Is
verv important statement
THE labor leaders estimate OF 81 ,OOO,-
600 600 as the total loss looks IKE
conservative estimate.
1.-The country as whole Is tnat much
poorer because these lost wages Were
not employed in productive work, Salo
the Federation president, toL INA.
much wealth would undoubtedly pe
more than sufficient to turn the tide OF
business from recession TO advance.
some day the Nations best MINDS
win figure out permanent solutlon 70
prevent unemployment. SO lar we are
q long ways from that.
unemployment means drying up OF
purchasing power and drying up OF
purchasing power means bad business
The next few years should see a
change in the public's attitude toward
the subject.
"Hirh-pressure selling" made the au-
tornobile industry what it is according
to r. H. Grant, vice president OF the
General Motors Corporation.
s'If the automobile industry had 1ol-
lowed a passive course 1t could never
have played so important role IN con-
trihuting to American industrial pros"
perity," he says. .,.,.
to answer the many stories which nave
appeared in print recently concerning
the evils of the sales quota. Inc au-
tomobile industry, although 50 years
old. is still in its swaddling CLONES
from the standpoint Of merchantmen
acenent but. Mr.. Grant adds, without
making excuses for the 80 years delay,
the business of merchandising automo-
hiles has attracted the dramatic sales
TYNE rather than the conservative, an
alytical individual"
..To this first type of individual" he
further SAYS I'VE owe the spectacular
progress of the industry and IN no m
tiustry have these admirable traits been
so literally rewarded.
Which shows that Mr.. Grant Is
something of go-getter himself.
while the Federal Farm Board Is
irving tn perSuade the hard pressed
farmer to reduce his wheat acreage by
1000 900 acres to eliminate overproduc-
ton and price Generalization, Brazil IS
busy fostering wheat growing TO MAKE
IN for the loss in coffee prices. At Sac
Paulo, the center of the coffee industry,
a sWheat week" was recently held
under state auspices.
No state in Brazil produces enough
wheat for its own needs. In many OF
them no wheat is grown. Inc country
depends upon Argentina and the United
States for its supply.
From the United States, Brazil I'M
uorts -four largely. In fact, nearly
10 per cent of the total flour export
from the United States goes there.
With this new development. which
may very well result in a loss OF this
-four trade, the American wheat situa-
ton becomes more complicated.
(Ccpyright, 1880. by North American News
paper Alliance.I