Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-10
KLEIN SEES FAST
TRADE RECOVERY
Gays Bottom Was Reached
In January, Upswings Usu-
ally Coming in s Months.

By the Associated Press.
CHICAGO, June 10.-Dr. Julius
Klein, Assistant Secretary OF Com
merce, told the Radio Manufacturers
Association yesterday that the business
depression hit the low point last jan
uary> and "since then we have been at
the rock bottom"
When the upward swing Of the cycle
would begin, he did not care to predict.
but pointed out that there had been
somewhat of q rise since January. with
business that month "a per cent of
normal, compared with 80 per cont in
Aircc;.
Due to the fact that this depression
came gradually rather than with the
suddenness of those of the past. he
looked for a rather speedy recovery.
when the upward trend starts. 1t will
be more sharply accelerated and certain
than in any previous depression.
He said that because reports OF con-
ditions were available only six weeks or
more from the period on which they
were based. much Of the crepe HANGING
Is historical rather than hysterical."
In the past, he explained. business
had taken from to IL months to get
back on its feet. He used these facts
only as an analogy rather than an at
tempt to base a prediction that the
present depression had been concluded
In view of the fact that six months had
elapsed since January l.
Radio Assistance Cited.
turning to the radio industry. and the
part it played in the business world, he
said:
s"Your industry rendered valuable as
distance in the great task OF lifting
American business out Of the postwar
collapse You can again render an
equal service in the present depression
by conserving fully the great assets OF
Vigor and resourcefulness. which are so
conspicuous in this young giant in the
Business world"
Turning to the question Of overpro-
dllction he told the radio men their
markets should be studied more closely.
producers know their markets thor
oughly, and consult disinterested opin-
ions; they do not undertake expansion
programs that burden them with white
elephants in the shape Of useless fac
tory space"
Z DR.. Klein, after Robert M. SWEET
yer. representing Mayor Anton J. Ger
max, had welcomed the delegates, said
that any industry which planned to
spend a million dollars fer ginger ale
and other forms OF entertainment at its
trade show, aS pointed out by Mr..
SweitZer, was In an extremely healthy
condition.
President Morris Metcalfe of r. M. A.,
IN a message to the members, suggested
as a means of improving the industry,
a better advertising code, a statistical
barometer to curb overproduction and
the formation Of a patent interchange
agreement.
Treaty" IL Suggested.
Walter j. Damn of Milwaukee. pres
ident of the National Association of
Broadcasters, suggested treaty"
rather than gentleman's agreement to
eliminate reference between radio sta
tions on the North American continent.
At a special demonstration OF tele-
vision last night pictures were thrown
on a 10-foot screen before an audience
which included radio editors from all
sections of the country.
In connection with television, the
Boston short wave and television labor
stories announced that they had made
plans to broadcast by sound and sight
a base ball game from Boston as soon
as permission was granted. This labora-
tory operates the picture station
W1XAV at Boston.