The Waterbury Democrat., 1934-01-11
U. s. Business Starts
 Rally Out Of Slump
Millions Re-emplOyed as Big Industries Get Under Way
 Public Works an Aid

the gain. But again as the year closed, the acceleration was on.
 A review of major divisions in the national life shows:
 STEEL INDUSTRY
 Production at the close of 1892 was 13 per cent, according to the Iron Age. The peak in 1893 was 59 per cent in July, according to the same authority. The subse- quent decline brought the rate to 25.2 per cent on Nov 6. Produc- ton for the week beginning Dec II, according to the American Iron and Steel Institute was 31.5 per cent. The favorable trend in recent weeks has led to some auth critics estimating the years pro- duction as 70 per cent greater than 1882.
 TEXTILES
 The industry has made one of the finest comebacks of all in- closed, have been reopened. Southern cities which depend on the textile industry have taken on new life as hundreds of work ers--idle for months and years returned to work. The code was one of the first signed and many of the big textile plants now are working at full capacity.
 RAILROAD CARLOADINGS
 Railroad carloadings will be ap- prcciably better in 1883 than in 1332, although they were well under the past year in the fore part of 1883. Total carloadings through the week ended Decem- Der 2, were 26,S90,8SG cars as against 26,243,765 cars in the cor responding week of 1882.
 MOTOR CAR PRODUCTION
 Indications point to motor car output in December as being in excess of 100000 units. This would result in total for the year of more than 100000 units. Production in 1892 was 1,431,494 units, 1031, 2,472,359 units and 1130, 3,51O,178 units.
 FARMER
 Farm purchasing power, ac- cording to many reliable sources, has picked up to q considerable proportion. The industry, how ever, Is agErievcd over what Is claimed to be the wide span be- tween purchasing power and the money paid to the farmer for his products. Chief aim of the ad- ministration is to push commod- ity prices to 1926 level and prices flor the basic commodities -grains, livestock, ctc--still con- tinue well below that average.
 LIQUOR
 Return of legallzed beer speed cd up an industry dormant for 13 years, brought increased pro- duction to allied companies and more work to many employees. Repeal of prohibition late in the year added to this betterment, plus bringing In a great increase in taxes to the government and automatic curtlilment of many "nuiBancc taxes".
 RETAIL TRADE
 Retail trade has improved con sIdcrably, particularly in the chain store and mail order fields. Some deterrent has come to this industry through necessitous price rises as result of greater costs due 10 the application of government all codes to manufacturing indus tries. The November mail order business was about 26 per cent greater than that of the corre- spending month of 1032. The grocery trade, according to one authorit', has shown continued improvement since June. Better mcnt has been shown in the lux ury business, such ns jeWclry, with the fur business now report edly at the best level since 1929.
 BUILDING
 Lack of mortgage money has hIndercd building In the past year, although construction fig urcB rose sharply as the year closed. Much of the major build ing has been by government projects. Home building has been almost at a BtandBtill, although the Home Owners Loan corpora. ton has aided greatly in prevent ing mortgage foreclosures and saved the market from any great CT glut of distressed properties. Bankers expect some release of mortgage money within six months.
 GENERAL
 JbtClIlC pO"cT pIOuuCllOu HUE Jumped sharply; coal output has been little better; cotton con sumption has risen greatly; some gta biliZatoin has come into the oil industry, tending toward reliev" ing the trcmendOus overproduc. ton, through government aid; business failures have decreased sharply.
 OLD SHOE MAN