Evening star., 1933-07-28
FIRST SIGNS SEEN
OF SUMMER LULL
Business Relieved to Find
Effect Slight From Mar
ket Breaks.
Special Dispatch to The Star.


NEW YORK. July 2s.-The first
cession, after II consecutive weeks Of
expansion, we're dimIy outlined on this
weeks business horizon.
The rate OF steel production was
slightly lower. Electric output, for the
first time in IL weeks, showed a per-
centage gain not higher than the pre-
ceding week In q few isolated districts
retail trade was off slightly but leading
wholesale markets reported q resump-
ton Of buying artivities.
Business. however, was cheered to
find that it suffered so lightly from the
severe breaks in the commodity and
security markets the preceding week.
True, here and there a new car order
was cancelede or trip to Europe post
poned, but the masses, unlike in 1929,
were not affected-or at least have not
yet felt such indirect effects as may
later come to light.
Washington Watched.
With the London Economic Confer
ence out of the way, the world Of busi
ness now 10 centering its attention on
Washington. In few quarters there
SENS to be a spirit Of laziness as a re-
suit Of the recovery Act, as some busi-
ness leaders think Of competition only
in terms Of price. There also is some
ragged financial edge that they may be
boycotted because they cannot possi-
bly, take on more help or increase
wages or shorten hours. Doubtless the
administration will realize there are
some exceptions to any program, but
the vast majority of tradesmen seem
willing to give the new deal trial.
Locally there has been some evidence
Of profiteering. but these artificial re-
visions have been on baubles. so no
one thus far has been hurt except the
prospective profiteers. City. State and
Federal officials seem to have profiteer-
ing on necessities pretty well in hand,
though Midwestern visitors are indig-
! nant about bread price advances in
their localities.
The most outstanding gains are
being recorded for mems and women's S
clothing, shoes, staple dry goods. lug
gage and travelling accessories. furni-
ture and rugs" report Dun g. Brad
street in their weekly national trade
review. Sales Of housefurnshings
and the more expensive items in other
lines have shown the greatest falling
off. The demand for jewelry has picked
up rather strongly during the last three
"CSAo, olio oOiIlc III Ills hEc Lldkulk u
profit for the first time since 1881.
Cotton Goods Helped.
Sales Of merchandise made Of cot
ton, such as sheets, pillowcases, wash
goods. blankets and draperies, have
been stimulated by the processing tax
on cotton. which will become generally
operative on September /. as after that
date all cotton goods must be marked
higher.
Some advantageously priced collec-
tions of Oriental rugs have been placed
on sale, because of the large accumu-
lations of stocks during the last two
years. After nearly three years Of neg
lect. table linens are receiving more at
tentlon, although there. are few bar
gains to be had In the imported ar
tcles."
The wholesale markets found more
buyers here late in the week than was
the case week ago. Numerous events
for next week. such as the china and
| glass show and the houseware furnish
ings exhibition, along with the nearby
gift show. may explain an increase in
visiting store executives as well as
| buyers
"Jewelry, millinery. high priced
lNa.sry hosiery' lamp lamps @ expensive n rugs and i'd
amounts well in excess OF last year" "
Dun g. Bradstreet state. while orders
for mems clothing In many instances
have mounted to 20 per cent above
the volume for the comparative volume
Of 1892. Orders for work clothing still
| are running ahead Of expanded output,
and goods are being shipped as fast
as they are received from the manu-
| facturers
Sales Of package food products and
canned goods are larger both in volume
| and dollar totals, due to the heavy
stocking now in progress, and pound
age sales Of coffee continue the upward
trend Of the last few weeks. Storage
stocks of both butter and eggs are alb
normally high, and as consumption has
not increased. prices lack firmness."
Copyright. 1889