Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-29
SIGNS OF BUSINESS
REVIVAL ARE SEEN
Industries Are Declared in
Good Condition to Supply
Increased Trade.
BY ]. C. ROYLE.

Business throughout many portions
Of this country is anenic rather than
desperately i'll.
That is the way one Of the leading
bankers OF the Middle West outlined
the situation today. The situation Is
not serious, according to this authority.
and 1t Is ready to respond readily to
treatment Even q small amount of
buying activity, 1t has been shown in
some sections, has acted like q blood
TRANSMISSION and put new life into the
business arteries.
It is reiterated by both governmental
and private authorities that the drought
viii not materially delay business re-
covery. That recovery, it Is main
tanned. is q matter of psychological
attitude on the part of the public, and
sections already is changing for the
better.
Stocks Are Small.
Some observers anticipate q gradual
improvement, but the men in close
touch with both wholesale and retail
trade declare demand may come with
rush. Stocks in nearly every line
are small. Production has been held
down vigorously to keep 1t in close
touch with demand. Any sharp de-
velopment Of demand in one of two
score lines would send the factories
and mills and distributors scurrying
into sharp activity.
The demand has already begun to
manifest itself In steel, one of the most
dependable business barometers. Pro-
duction Is lowering around mark
which three years ago would have been
regarded as expressive Of extreme pros
perity. The pFoflt-earning period Of
the year for the railroads Is approach
ing, and IL finds the carriers able to
transport revenue freight at less cost
than at any time in many years. The
coal mines are taking on more work
men and fuel Is commencing to move
in volume.
The automobile business Is not brisk
either In the production or distribution
end, but the technical position Of the
industry Is such that the producers can
jump into immediate activity with con-
sequent Improvement of profits at q
moments notice. Production is grad
ually showing betterment.
The nOn-ferrOus metals are showing
little change, but while prices are low
there are few distress stocks and most
holders are waiting determinedly for
higher prices. The development OF new
uses for these metals, among which is
the production of metal tmpregnated
WNNNAF 40 OAPSSO(a W SAA4 NOAAShAAQt&OA4s
Lumber Stocks Low.
Lumber is marking time until the
Fall buying starts but stocks are low.
Cement production is still proceeding
at a high rate of activity. Building
construction is behind the record year
Of 1929, but it now looks as though the
1880 construction year would run well
over $4,000, 900 900, which, until the
last II months, was regarded as q most
satisfactory figure.
The textile trades are picking up,
especially in fabrics for women's wear
The position of the mems clothing trade
shows q lesser gain. The cutting down
of cotton cloth production has brought
production below sales v. h many mills.
The dollar volume Ct retail sales is
smaller than 1t vas a year ago, but no
small part of this drop is attributable
to the lower prices at which many COM
modities have been selling.
Copyright. ie30,l