Evening star., 1933-12-31

roots" over railroads into factories and
out to piers. An economist recently
said, We know that the reduction in
(American) exports since 1929 has ac-
counted for more than 100000 on the
unemployed list
Railroads From January until
March, car loadings declined, then
turned upward. They exceeded 1882
loading in the week of August 19 and
continuously since that time. Helped
by the emergency transportation act,
which repealed the recapture act, set
aside antitrust laws, co-ordinated
services and protected labor, the roads
increased their employees from 9l9.881
in March to 1,030,2l5 in September
Loadings in the first 48 weeks increased
2.5 per cent over 1882. Government
loans enabled the carriers to buy need
ed maintenance and equipment in De-
cember. The roads net operating in
come in 1888 of approximately $685.
00000 was a gain Of Sl38,702, 900 over
1882.
Shipping-The pickup in shipping
began in coastWLse and intercoastal
trade, but later spread to foreign trade,
as our october exports reached their
highest level in two years. At the year
end, 500 Of the 100 American seagoing
vessels were laid up, $50 dry cargo ships
were engaged in oversee and nearby
foreign trade and $50, nearly half of
them tankers, were engaged in coastal
or intercoastal trades. Repeal is expect
ed to help our passenger trade.
Aviation-Air passengers increased
by $500. mail by 1000 pounds, ex-
press 336, 900 pounds and miles of
United States mail flown 100000, at a
81 per cent drop in payments. Trans.
continental commercial speeds were in
creased 20 to 40 miles an hour.
TroueyS and BuSseS-OperatO of
$4,000 electric rail cars and 13,500 local
bISseS reported traffic declines flattened
in March. In October traffic vas above
the same month of the preceding year
for the first time since 1929.
Telephone, Telegraph, Gable and Radio
American Telephone & Telegraph lost
phones steadily, a total of 25000C in
Struments from May, 1880, to Septem-
ber l. 1888, when the trend was re-
versed. Western Unions telegraph and
cable traffic, after three years of decline,
improved starting in May, and some
what similar trends were noted BY In
ternational Telephone & Radio Corpor-
alton.
Industry.
WllAlC tliC n. n. "a dllu bllt IIdILSp pOI =
tation act, along with numerous eco
and distributor, the N. R. A. and equally
complicated economic factors vitalized
many industries, thereby benefiting pub
lie service and factory workers.
Power and Light-Electricity produced
in 1888 for all public purposes. including
subways and traction systems, approXi-
mated 85,000,000, 900 kilowatt hours or
az per cent over 1882. Industrial power
sales were TX per cent higher than 1882,
but 13 per cent below 1881. The long
lag in retail trade reduced commercial
sales, but domestic sales were up two
tenth Of per cent. Gross revenues of
s1,771 100000 were down 8 per cent
from 1882.
Automobiles motor manu-
factrers in 1888 turned out 2,O4O,O0
cars and trucks or AZ per cent more
than in 1882. This squirt in motor man.
ufacturing provided thousands of jobs
all over the country. The industry in
creased its purchases over 1882 about as
follows: Steel by 10000 tons, malleable
iron, $1,000 tons; copper, $4,000 tons;
cotton, 10000 bales; plate glass, TO-
100000 square feet; hardwood lumber,
102,000,000 board feet; upholstery cloth,
100000 yards; upholstery leather. s.
4UU,UUU square 1eeL, Z,UUU,UUU SallOnS OF
paint and lacquer, $4,000 tons of lead,
7,400 tons of zinc and 1900 tons of tin.
Steel-Motor manufacturers and mis-
cellaneous buyers sustained steel opera
tions, which ranged from low of little
more than IS per cent in March to SIS
per cent in July. Output the first II
months averaged 1929 per cent of ca
pacity against 2015 per cent in 1892
This showing was achieved although
railroads, which normally consume about
one-flfth of steel output, and building
construction, which takes more than
one-fifth of production, were out of the
market until near the year end, when
Government loans helped carriers to buy
rails and equipment.
If railroads and builders come into the
market as expected, along with users
of iron and steel in the oil and gas
fields, the industry easily could increase
its rate to rs per cent some time in the
first quarter of 1884. The N r. A. has
eliminated many Of the former undesir-
able practices, such as price-shading
and cancellations.
Machinery Tools and Accessories
The rise in exports, during September
and October, of electrical, power gen.
Grating. construction and mining ma
chinery, and machine tools, heartened
these industries which, contrary to sea-
son. booked some good domestic orders
in December With Washington intent
on helping the capital goods industries.
/ in which group now are Eaarly one