Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-07
BUSINESS OUTLOOK
IS SUMMARIZED
Varied Prospects Seen for
Rest of Year in Lead
ing Industries.

AbSSS W SSAA uu =SGAA
ing Industries.
Special Dispatch to The Star.
NEW YORK, November 7.-Current
indications of the trend in various di-
visions of industry and trade are sum-
married. by the Standard Statistics Co.
from its LIST of November resume of
the outlook for important lines, as fol-
lows:
Agricultural Machinery. - Full-year
results will compare unfavorably with
those of 1929, and no material improve
,menA can be looked for in months di-
rectly ahead unless a worthwhile
strengthening of commodity prices takes
place.
Aircraft.-It is probable that another
burdenSome carry-over of finished craft
will be witnessed at the close of the
current year. Volume of business in
the aero engine field has been rela-
lively more satisfactory.
Apparel.-Retail sales of apparel
have been stimulated during the past
month by decided change in the
weather.
Automobiles entire year 1880
will prove less profitable, in the aggre-
gate, than any recent year.
Automobile Parts.-Outlook for the
fourth quarter indicates continuance
of Scant profits, with some companies
suffering losses.
Automobile Tires.-Second half-year
profits will be even smaller than those
of the initial six months.
Building.-October'S cred1table show
ing of the public works and utilities
group will probably be repeated during
the next two months.
Chemicals.--In view of its position as
leading supply trade, this industry
should be one of the first to benefit
from fundamental improvement in gen.
eral industrial conditions.
Coal.-Many producers of bituminous
will have difficulty in covering operating
expenses and curtailment in consumers
purchasing power will continue to re-
strict demand for anthracite during the
near future.
Copper.-At present we'll Debated
levels coverage through the first half OF
1881 is favored.
Cotton.-There seems no purpose in
covering needs beyond the Spring OF
1881.
Electrical Equipment inn
provement in this field must await gen.
eral trade revival, when 1t may be ex-
pected to register sharp increases in ac-
tivity. y
Farm products.-Wheat prices. win
probably display more strength than
weakness during the near future. While
various factors probably will prevent a
sustained rise somewhat higher corn
prices are justified.
Food Products (other than meat).-
Most of the prominent package. food
companies are fairly well maintaining,
If not increasing, their annual profits.
Dairy concerns are in strong position
and improvement Is now indicated for
bread bakers. 5
Household Products.-For the. group
as whole only sharply reduced earn
ings are seen for 1880.
Lead and zinc.-It is recommended
that industrial needs be covered only
through the early part of 1881.
Leather.-Third-qu earnings OF
shoe manufacturers, while showing some
improvement over the second, will con-
tinue to compare unfavorably with 1929.
Machinery.-Such Improvement as
may be maintained In the near future
will be only of minor proportions.
Meat Packing Earnings OF packers
for the year ended around November 2
will be more satisfactory than appeared
likely earlier in the year.
ONCE Acknowledgement which
distribute equipment largely on rental
basis, should make relatively satisfac-
tory showings.
Paper.-No material improvement
over present operations is in near term
prospect. :.
Petroleum.-The great majority of oil
companies can expect no material inn
proVement from current minimum profit
levels, at least during the rest OF the
year.
Earnings prospects for the
final quarter of the year are generally
more favorable than for any preceding
period in 1890.
Railroads. Improvement in physical
condition of railroads in recent years
will enable many of the stronger roads
to successfully cope with the current
traffic declines.
Railroad Equipment-It seems prob
able that most divisions of the equip
ment industry will continue % expert
ence reduced operations,
Rayon-Returns for this year will
likely fall some 40 per cent below last
year.
Retail Trade.-Both fourth quarter
and full year profits cannot be expected
to make a satisfactory showing when
contrasted with 1929 results.
Rubber.-Ihere seems no reason to
expect sustained price recovery during
the balance of this year.
Shipping.-A high rate OF operations
should be witnessed in most shipyards
during the next. several years.
Silk.-At current additionally low
raw silk levels coverage into the early
part of 1881 seems advisable now.
Steel-Little, If any, income better
ment is in sight during the balance OF
the year.
Sugar.-It is unlikely that refiners'
profits will increase greatly in the near
future.
Theaters.-E Earnings of the present
quarter should make favorable COM
parison with those of the like period
in 1929
Tobacco.-It is expected that leading
cigarette producers will report record
breaking profits on the current years
operations.
Utilities. development possibilities of
both the electric and gas businesses
have not been fully exhausted and will
not be for many years. Net incomes OF
leading telephone companies for the
full year will probably be slightly
smaller than in 1929.
Wool.-Full years operations of most
producers will result in little or no
profit