The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-04-27
CONFIDENCE IS REBORN

False Upturns Have Made Ex-
scutlvss Wary But Order
Books Are Fattsr
(By The Associated Prea)
From Wall Street, where stocks
have perked up, to the Pacific north
west, where the lumberman's axe Il
swinging more busily, better business
ana unemployment are reported In
many sections Of the nation.
Chicago reports an encouraging
showing In electrical consumption:
Detroit il shopping: North Carolina
in textile production: Miami in real
estate deals: Buffalo In flour milling;
Seattle In shipping, and 20 down tho
line.
Herewith the Associated Press pre-
sents some conservative highlights Of
the situation:
Copyright. 1888. By The Associated
Preas)
New York, April 27-(R)-Commerce
and industry In the past month have
experienced one Of the most striking
REVEALS Of recent years
Sharp percentage gains reflect, Of
course, the rebound from the extreme
~ low levels Of the March banking
crisis. Nevertheless, some lines are
approaching or have actually crossed
the levels Of this period last year.
Much Of the improvement has beer.
against normal seasonal trends.
The false upturns experienced pre-
vously In the depression have taught
business executives to examine such
bulgeS as the current one critically.
Reports from many parts Of the coun-
try. however. indicate q pronounced
rebirth Of confidence. together with
fattening order books.
Automobile production for April, &C.
cording to present indications, may
show q gain over April last year. After
falling to some 10000 cars and trucks
In March. the swift quickening In out.
put this month. according to trade an
thor1ties. should carry It above the
l48.300 produced In April. 1882.
Steel production has risen to the
best levels in more than . year. OPP
erations are estimated by "Iron Age
for this week ct Is per cent Of capac-
ity. The average for April last year
was Just under that, and for the full
month Of last March less than Is per
cent. Steel production usually reach
es its seasonal peak In March.
Freight Loadings Gain
Freight car loadings have gained
steadily in April, contrary to the sea-
sonal trend. which usually carries
them to . peak in March. The aver
age thus far this month has been
10000 cars, against 100000 In March.
and 4oo, 900 In February.
Last weeks production Of electric
power in the United States, 6 esti-
mated by the Edison Electric Institute,
was only 2.6 per cent under the like
week Of last year, the smallest such
divergence In Il months. Il was up
l.6 per cent over the previous week.
although the normal trend for the
season Is downward. The figures in
dicated . pronounced increase In the
use Of industrial power.
Latest mercantile reviews report = |
sustained volume Of retail trade. The
usual pronounced slump after Easter |
seems to have failed to materalize.
The moderate rise In commodity |
prices. coincident to inflationary psy-
chology. has evidently stimulated buy
ing. With domestic copper prices ris-
ing from 5h cents = pound to 6a4, one
Of the largest producers reports the |
biggest sales In more than year.
Scrap steel prices ct Pittsburgh |
have advanced from an average Of |
$7.l5 . ton on March 30 70 ESQ, and
the steel trade Is talking Of higher
prices for finished materials.
At this time Of year. many business
lines normally begin to prepare for
the usual summer slump. April Is
usually the peak month for automo-
bile manufacturers, although trade ~.
ports now indicate higher schedules In
May. A seasonal peak In May some
times occurs In this industry. - It did
last year.
Many business executives express
The hope that the belated seasonal up
swing In business this year can Be
kept under way and that the summer
recession viii be smaller than usual.