Evening star., 1933-07-05
On the Upgrade.

conditions, including employment, maze
by the New York Board OF Trade
through trade bodies in all sections OF
the country, shows a distinct upward
trend. That is what the country has
been waiting and praying for. Scat
tered reports frcm many cities and sec
tions of the country have trickled in
during the past two or three months
showing that in certain manufacturing
concerns the orders were larger. en-
ployment of labor and wages were or
the upgrade The survey just mace
public by ti,c New York Bard Of Trade,
however, is far more inclusive and gives
a picture OF the entire Nation. from
Maine to Florida and from NV York
to California.
In May ard June, letters from the
executives Of trade organizations in
hundred American cities declare, there
was a decided movement toward more
business, showing marked improvement
in wages hours of labor, volume of sales.
Public confidence has been revived, 1t
appears. in a marked manner. The
transition from the depression to
period of more stable prosperity seems
to be on the way. Percy C. Magnus,
president Of the New York organization,
commenting upon the results OF the
survey made by it, declares that the
depression is over and We are we'll on
the road to recovery"
One of the encouraging features of
the reports from the trade bodies of
the country lies in the fact that the up
ward swing in business and employment
has continued through the Spring and
into the Summer. a period when ordi-
narily there has been a let-down. Take.
for example, the report from Bingham
ton, N Y, where the manager of the
Chamber Of Commerce reports that
shoe industry has increased wages five
per cent, with the workers assured of
full time from present orders until No
vember, that the silk plants are run
ming day and night. and finally that the
railroads have had their greatest in
crease in shipments since 1929. From
Macon, Ga, comes the report that the
textile mills are using night shifts and
one of the manufacturing concerns has
called in its salesmen from the road be-
cause 1t cannot fill the orders it has
already on hand. Production in most
Macon industries has increased from
forty to eighty per cent, the report con-
tinues.
From the West, where wheat prices
have scared past the dollar mark, the
reports are that business and employ
ment are better, and that the farm
ers are greatly encouraged, although
drought has hit crops in some of the
States with disastrous force. The whole
salers and manufacturers in Cincln-
natl, Ohio, report a twenty-five per cent
increase in their business for the first
five months of 1888 as compared with
a similar period for 1882. Chicago, In
dianapolis, Kansas City, Los Angeles
and other cities have sent reports SHOW
ing the same trend.
A new spirit and a new determination
have descended, apparently, upon
American business. In part the revival
must be considered due to the taking
UP of the slack, the growing need for
the replenishment of all stocks and for
the filling of necessary orders OF
many kinds. The paralysis of fear that
was slowly strangling America has
been thrown off. There has come re-
vival of confidence. Economic forces,
aided by activity on the part of the
Government, are setting the wheels of
industry running. The farmers see light
again after years of surplus and rotting
CrODS