Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-31
OUTLOOK
SEEN IMPROVING.
Industry May Go Ahead
Faster Than General Bust
ness, Review Declares.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, october 31.-Activity in
the textile industry of the United States
showed a substantial increase in Sep
TENDER for the first time since January
and 1T Is our belief that the outlook Is
somewhat more promising than that for
general business" says the Textile
Economist.
I'VE base this conclusion on the fact
that the cyclical swings of textile ac-
tivity have been broader than that Of
general business in the past, even in
the current cycle, and on the further
fact that activity in the textile industry
has been restricted far more during
1880 to date than has general business.
This latter point would indicate that
the industry is In relatively better
position to stage an advance than Is
business In general, based on CORE
spending 1929 levels of production in
each case"
Lower Prices Possible.
Regarding prices" the publication
says, 1--WE believe that the most that
can be hoped for in the next six months
is some semblance of general price sta
bility. However, we should not be sur
prised to see the textile products group
index, especially, decline somewhat dur
ing the next four months" Comment
ing upon raw textile prices. the bulletin
further says, Higher prices for wool are
anticipated next Spring and higher
cotton prices by Spring are a practical
certainty" Although silk prices may
reach lower levels, we expect to see
higher silk prices inside of the next six
months"
The review gives brief description
of the present rebate system in the
rayon industry, which was the outstand-
ing development during october. we
are convinced" it continues that the
present situation in the rayon market
Is transient; therefore the sooner it
ends the better. We also believe that
the future of this industry is, to no
small degree, dependent on its ability
to become a leader and a steadying in
fluence in the textile field. If the adj
vantages of cooperation and open
dealing will have been learned by the
rayon producers as a result OF this de-
preston, 1t may well be said that the
year 1880 will not have been in vain
either for the producers of for their
customers"
Sales Increase Seen.
Commenting on production and con-
sumption, the Textile Economist says
in part:
Hosiery and underwear statistics in
dictate a seasonal increase in sales and
slight lowering of stocks. Normal sea-
Sonal increases were recorded in wool
consumption for September and Octo-
Der. Cotton consumption gained IL per
cent for September compared with Au-
gust, whereas the normal gain is S per
cent, thereby reversing the downward
trend underway since February. Silk
takings by manufacturers during Sep
TENDER amounted - $500 bales, the
largest takings for any month since last
January, and the third successive month
to show a gain.
Rayon imports during September were
the smallest for any month since Feb
ruary. 1921. whereas exports this year
on the average are higher I'VE expect
that exports of rayon will continue
large principally because American pro-
ducerS are now in a much better COM
petitive position in foreign markets as
regards price, principally Latin Amer
lea, than they were at the beginning of
the year."