Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-26
GOOD FALL TRADE
PROSPECT IS SEEN
Last Quarter to Be Better
Than 1929 Period, Says
Business Leader.
BY JOHN F. SINCLAIR.
.ul.t roA.nnhnh Al The star.

NEW YORK, August we aSe
not exactly rushed, but neither are
We idle " said Morris White, New York
,,,ar,,farturer Business is coming
long in A very satisfactory way. The
rail- business should be good, with the
asst quarter of 1890 showing up cetter
han the corresponding quarter Oh
1929" . e. ~.
problem today continued Mt; WIZ nas,
We disposed of. We have larger pro-
,luctive capacity than a consuming ca
,acitv. Our company employs tnou-
sandS of people and We sell goods 10
"a nations we realize the problem mas
hanged greatly in the last IL months.
We are facing keener world trade COM
,,etition than ever before. Tie goiosn1
avs are not over, not 50 long as worlo
BUSINESS continues to grow ana en-
Put the next decade will demand q
astlv higher quality of business Lead
rshin than the past eaSy-going 10
Ears. So my suggestion to the Ameri-
an business man is, take on your
{ oat and go to work.
Tax Reduction.
No Federal tax reduction can be ex-
:. ,cted next year, says high treasury
Hcial The / per cent reduction on
go normal incomes, both Tor mol
5Tals and corporations, was for one
,ar only. So, the rates VIII go oack
dramatically to the rates OF the 1870
venue act. unless Congress ectS 10
,aintain the special reduction.
One per cent seems small, put ~ ~ r go
,eaYt a reduction of about 100000
M in the revenue of the United states,
iyided between the fiscal years !sSo
Nd 1891. The income tax collectlonS
Ny 1871 viii be much less than those
- 1919 and 1880, with less foreign
AIDE. less net income and more govern
Secretary Mellon is entering his most
ificult wear since he took the treasury
ortfolio in 1921.
Manufactured Goods.
One can now secure In permanent
f1rrn all of the 50 addresses delivered AZ
ne Seventeenth National Foreign TRADE
invention which met early this sum
,sler in Los Angeles.
The 2,l85 delegates, representing every
,tate and nearly every country IN tne
world. were told that Manufactured
--oods now amounted to three-quarterS
( the entire foreign trade OF the United
James A. Farrell, chairman OF the
United States Steel Corporation, said:
EThere Is genuine encouragement IN
the growing proportion OF manulac.
sured goods among our exports, LOT II
Is notable that our gains nave peeIl
achieved in precisely that element OF our
EXPORT trade that Is directly responsive
TO merchandising experience and skill.
That is what we have been striving LOT
for the last Is years" -,
Our foreign trade during July fell
10 the lowest point In 10 years. Elk
norts amounted to $269, 600, 900 and Inn
ports $3.50 900, a drop Of about 30
per cent compared with 1929.
During the same month $40, SOC, 900
in gold left the country, against an
inflow Of $35 100000 in July OF last
year. Still, this gold figure IS not
Alarming. for up to August l, the United
States Increased her gold supply dur
ing 1880 by over 100000, 600.
Those interested in foreign trade
and what business man is not today
will read in the report: 1.-THE world
trade outlook is improving, and we may
look forward to an increasing volume
as the year progresses"
Business Recovery.
A noted New York business execu-
tive says that business recovery Will
come first In the United States, and
will be followed almost Immediately by
a corresponding activity in certain
South American countries, such as
Chile and the Argentine. Then bust
ness in Europe and Asia will respond,
From q Canadian business man Who
has just returned after several months
spent In visiting various European ma
tions comes this comment:
France stands today at the very top
of the world In business activity. 1t
may be artificial and forced, but
against the background Of extreme Eu-
ropean depression, especially in Eng
land and Germany, France appears in
striking contrast. Her unemployment
remains the lowest in the world and
her business men are as optimistic to-
day as they were six months ago."
France continues to be a magnet fol
gold. Her business and credit strllc-
lures are being built up very care
fully, many believe with one object in
nltnd-to share with London as q
future world financial and CONNER
cial center.
Cigarette Production.
Cigarette smoking continues to in.
crease. Production figures for July
show that American factories durinl
that month turned out 100, 000, 00(
more cigarettes than in July of last
year.
Already June had set a new high.
water mark for 1880, but the July flg.
ures are 100,000,0O in excess OF thu
June figures.
For the first seven months Of thi.
year the total production was II ,284,.
100000, as compared with SO, 752, o00,-
600 for the corresponding months o.
last year.
July itself shows a production ris'
OF about 10 per cent, the total being
1855, 900 000 as against 10, 724, 900 ,00(
for the same month last year.
The current business decline seem
10 have had the exact opposite effec
on this industry that it has had OF
most Of the other lines.
Business With Soviet.
viii or will not American corpora
tons be allowed TO continue business
relations with Soviet Russia?
There is known to be widespread
difference of opinion in this matter
1t looks now as If sooner or later
will become a political issue, though
neither of the major parties is anxiou
to meet 1t.
The Lowman experiment. regarding
Soviet imports did not help the situa
ton any. Since then, nothing has bee
said by the administration to indicat
q change of sentiment or policy.
Business men will do we'll to watcl
every move In the Russian situatiol
over the next few months.
(Copyrisht, 1880. by North American News
paper Aliiance.)
CHICAGO DAIRY MARKET.