Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-06

IdTBe enough 10 nave Outstanding Slgnl-
ficance.
Outlook Spotty
In Various Lines
Current indications Of the trend in
various divisions of industry and trade
are summarized by the Standard Sta
tistics Co. from its LIST of September
resume OF the outlook for important
lines, as follows:
Advertising-It Is unlikely that ma
terial improvement In appropriations
will be witnessed prior to a substantial
betterment In general industrial sales.
Agricultural Machinery-Only the re-
ceipt OF stable Russian orders. we be-
lieve, could materially alter the near
and medium term outlook for leading
mekerS.
Aircraft.-The transportation branch
registered steady improvement during
the first half Of the year. but better
ment has been insufficient to result in
satisfactory degree Of earning power.
Apparel.-Moderate improvement in
full-year profits is expected in most di-
visions.
Automobiles .-Reduced demand les
sens the probability of any sustained
increase in total outturn for some time
to come. although the resumption Of
production by Ford this Autumn prob
ably will effect temporary rise in total
operations.
Automobile Parts-The start of sus-
tanned, substantial increase in opera
tions OF parts manufacturers will I'M
doubtedly be postponed until large
scale operations of 1882 automobile
models are commenced.
Tire Outlook Satisfactory.
Automobile Tfres.-Aggregate activi-
ties OF tire companies are likely to re-
main at comparatively satisfactory
levels.
Building.-An almost entire absence
OF favorable prospects leads us to cx-
pect q continuation of unsatisfactory
volume Of building for the next several
months at least.
Chemicals.-Under the influence OF
seasonal Fall expansion of activity in
several consuming lines. chemical OPP
erations generally should register mod
| crate. although temporary, improve
ment during the early future.
Coal.-During the early future at
! least seasonal expansion in consump-
ton is looked for. with consequent
moderate strength in prices.
Cotton Goods.-The outlook for q
| marked improvement in the cotton
goods situation IS somewhat remote.
Electrical Observation-Disclosures are
| lacking Of broad increase In consumer
| demand for electrical equipment.
FertiliZers.-It is not to be expected
| that sales of fertilizers during the bal
| ance Of the current year will attain the
level of IL months earlier.
Food Prospects Good.
Food Products (other than meat =
I jority of food companies during the re-
mainder Of the current year IS favor
| able.
Household Products.-The Fall sea-
3onal expansion IN sales of household
I products and supplies probably will not
| materialfze to the usual extent this year
Lead and Zinc.-Earning power of
! the leading producing companies will
not register material betterment before
| 1892, at the earliest.
Misunderstanding Of shoe producers
| will be generally lower this year than
| in 1880, since consumers continue to
| show q marked preference for cheap
lines.
Machinery.-It is unlikely that
! aggregate volume of profits of machine
! tool makers will approximate those of
the closing six months Of 1890
Meat Packing.-Favorable conditions
in the pork products division, upon
| which the profits of meat packers are
dependent to a considerable extent, have
been generally lacking during the fiscal
year to date.
ONCE Equipment-The large stocks
| OF equipment already in the hands of
consumers and the lack of new pur-
chases point to the continuance of low
earning power over the balance of the
current year.
/ Paper.-The establishment of the
| current low price for newsprint over
fve-year period has had stabilizing
/ effect on the industry. This develop
| ment may also encourage early merger
negotiations and restrict unnecessary
general expansion
| Petroleum crude oil and gaso-
line are likely to show continued firm
ness In coming months.
Radio Buying Improves.
Radio.-It Is doubtful if net income
can be attained this year by most set
| ans tube concerns, even in the heavy
buying season which is now beginning.
Raiiroads.-The only lasting benefit
to railroad revenues would be a sub
stantial and sustained improvement in
freight traffic, a development not IN
early prospect
| Railroad Equipment-The car leasing
division currently is operating at salts
| factory rates.
Rayon-The trade is enjoying rela-
lively favorable demand for its products
and further expansion of demand OF
at least seasonal proportions IS expected
| in the near future.
Retail Trade.-No signs Of seasonal
| gains in trade volume. usually evident
| at this time of the year. are yet ap-
| parent and prospects for the Fall season
are not favorable.
Shipping.-Shipping activity through
out the world has remained at low
level during the past month ana the
| aggregate volume of new tonnage under
construction in domestic shipyards has
continued to decline moderately.
Silk-With inventories OF fabrics
reported low, and production fairly well
controlled. prices are firm and there IS
q possibility Of q slight upward trend
before the close of the year.
| Steel-Lack of satisfactory demand
for steel products presages continuance
of adverse operating results.
Tobacco Profits Better.
Sugar.-Prospects over the next few
months hinge largely upon the out
come of the existing political situation
in Cuba.
Theaters.- Sustained earnings bet
terment is not expected pending i'm
proved business conditions.
Tobacco-The advance in whole
sale prices of cigarettes will enable the
leading companies to expand profits
materially this year. It is unlikely,
however, that substantial betterment in
sales of cigars will be experienced prior
to materially improved Industrial con-