Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-31
NEW EMPLOYMENT
IS AIDING BUSINESS
Increased Activity Noted as
Presidents Committee Be-
gins Its Program.

In an effort to help others, business,
in the last week, has helped itself. The
moves made by the Presidents Emer-
gency Employment Committee, headed
by Col. Woods, and the cooperation
offered by the Governors and other au-
thorities of the various States and by
Federal departments and individual cor
porations and businesses have resulted
already in an increase in business &C
tivity.
Jobs. business will increase. More JOBS
mean larger purchasing power, which
in turn means more sales to ultimate
consumers, more orders to wholesalers
and manufacturers and greater con-
sumption of raw materials. II this trend
can be continued, 1t seems fairly GER
tain to mark the start of change from
the vicious cycle of depression which
has obtained for the last year.
Construction Work.
It Is natural that much Of the new
employment should be provided In the
field of construction. This work entails
larger orders to steel mills. cement
plants, lumber manufacturers and other
producers The plans outlined for In
creased shipbuilding also will affect the
steel industry as well as score OF other
lines.
According to shipbuilding officials,
$50 900 will be spent in construction
of merchant vessels during the next IL
months. The Government building pro-
gram will involve eventually $500, OOO,-
900 and about SOS 100000 will be spent
in the present fiscal year.
At the moment the automobile indus
try Is playing a somewhat minor part
in the demand for raw materials and In
the supplying of jobs, but only q slight
impetus is needed, according to men well
informed as to condition, to start the
motor vehicle industry again on full
time production. Both dealers and pur-
chasers have been helped over some
rough spots, as is shown by Government
reports on automobile finance.
For the first eight months OF this
year wholesale financing amounted to
$514603, 438, as compared with $487,-
221,1 1893 for the entire year 1929. Re-
tail financing amounted to 1928, 1863, $40
for the first eight months Of the year,
as compared with $1,183, 704,810 for the
corresponding period of 1929. Dealer
stocks of automobile tires and tubes
have dropped and shipments have been
exceeding production for the last three
months. This has improved the tech
nical position of the tire trade decid-
edly.
Cigarette Industry.
Cigarette manufacturers are selling
more of their product than ever be-
fore and the industry seems to be in q
fairly stable condition. The non-fer-
rous metals are still depressed, with
stocks well in advance Of those @ year
ago. The seasonal demand, occaSioned
by shorter days, for additional electric
power has not been sufncient to over
come the losses from the drop in in
dustrial activity as compared with this
time last year.
Crude oil production is dropping
slowly and gasoline stocks are declin-
ing. There has also been a decline in
consumption, but of only a slight de-
gree. Drops in oil prices, it Is felt, may
aid still further in stabiliZing produce
ton and consumption, although the
potential output of the wells in this
country is at present far above world
requirements.
Copyright. 1900