The Waterbury Democrat., 1933-06-10
BUSINESS COMEBACK STILL
 IN THE EXPERIMENTAL STAGE:
 SUCCESS REMAINS TO BE SEEN
Gigantic Undertakings Now In The Works Which Time Alone Will Tell Whether They Are Step In The Right Direction Or Not.

| In the basic metals, iron, copper, zinc and lead have scored sharp
 advances which have been reflect
 ed in market quotations for the
 shares of the producing conn panies, especially copper. While lines of unemployment are still very large some progress is being made in this direction, as shown by the daily announcements of the reopening of numerous plants long idle, the blowing in of blast fur
 naces and men being put back to work, with more weekly hours of
 employing by those who have been working on short time. It Is small wonder therefore that the band is playing Hail to the Chief" The leaven is working. With opera tions of the steel industry up to
 43 per cent of capacity. as against 12 per cent only sixty days ago, 1t depicts the extraordinary change
 that has already taken place. Per
 haps some of the rapid improve ment is seasonal and therefore there may be some slowing down , during the summer months but it can hardly be doubted now that next fall will usher In greater &C., tivity in most, lines of trade than has been witnessed since 1881. For many years this country with it's antitrust laws has been inimical l to big business, on the theory that
 competition, no matter how disas-
 trous, was something to be greatly
 desired. Now, however, coordina- [ ton of interest is warmly en-
 couraged and is inspiring our cap-
 tains with renewed energy and cre-
 ative powQ in starting the wheels
 of industry to greater activity; and on a more economical and practi-
 cal basis, which. in the end must
 bring it's just reward to stockhold-
 CTS whose dividends have been cut
 off or greatly curtailed to such an
 extent that their purchasing power
 has been sadly reduced. With this
 in view and working in harmony
 with the government business in-
 terests generally are justified in
 looking forward to better times and planning accordingly. Anoth- CT thing which Is bound to bring good results is the mandatory
 move to cut down production of
 basic supplies to something akin to consumptive requirements. As Is well known there has been too much cotton, grain, oil, coffee. rubber and metals of every kind gold excepted. The plans the administration has on foot for re-
 ducing agricultural products will
 doubtless do some good, although
 the need of them is growing less
 now that commodity prices have
 risen so smartly. The copper mines are working out their own
 salvation in the way of reduced
 productions; oil output is being re-
 stricted; sugar planters the world
 over, are doing the same thing and in Brazil further destruction
 of the coffee crop is being planned by the government. All this
 means getting down to brass tacks. or in other words using horse
 sense. which has been absent for a
 long time. Under the new regime,
 producers, manufacturers and dis
 tributors will get more satisfa ctory
 results. The cost of consumption
 will be somewhat greater but this will be more than offset by
 the benefit to the country. in which all the people will share. Doing
 business at q loss has ever been a
 foolish game.