The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1935-05-28
LESS FREIGHT
BEING MOVED
Railway Man Says HOLE
Act Greatest Depres-
sion Offset

SIOUX FALLS, S. d., May 20.
-"Railroad freight car loadings
show that general business in the
United States is substantially bet
ter than it was when the bottom
of the depression was reached in
the summer. of 1882, and again IN
March, 1888, but that no improve
ment has occurred within the last
year; and that it is actually poor
err now than a year ago." said
Samuel o.. Dunn, chairman of the
Simmons Boardman. Publishing
Corporation, publisher of Railway
Age, American Builder and other
business papers, in an address on
Friday to the South Dakota
Bankers association.
Railroad car loadings are still
the best single measure of the
total volume of business done, be-
cause the figures regarding them
are not affected by changes IN
prices, and represent the physical
volume of both production and
distribution of all commodities,
agricultural and industrial.
Gear loadings reached their low
est level in this depression IN
1892, in which year they were al
most AT per cent less than IN
1929. How much have they in
creased since then? In 1888 they
were about 3 per cent larger than
in 1892. In 1884 they were 9.2
per cent larger than in 1882 and
6.3 per cent larger than in 1888:
| In the first 4 1-2 months OF 1853
thew were one per cent smaller
than in 1884; and in the first two
weeks of May, about 5 per cent
, smaller than in 1884. In spite OF
the improvement that has occurred
since the bottom of the depres-
sion was reached, car loadlngs IN
the first 5 months of 1885 were
DO per cent less than in the nrst
5 months of 1929, and in the nrst
two weeks of May were 46 per
cent less than in 1929. These tig-
ures rejecting changes in the &C
tual physical production ana as $,
tribution of commodities CT all
kinds are conclusive evidence that
the recovery thus far made has
been very slow and unsatisfactory
r. that has this been due? l be-
lieye It is because government and
business have thus far failed to
attack the most crucial problems
which must be solved in order to
accomplish recovery.
"The most appalling symptoms
Of the depression are unemploy'
ment and the consequent numbel
Of nersons on relief. The number
of unemployed is still about H.,
ooo moo. We must study the dull
est kind of facts regarding TIT
causes and remedies of their un
i emnloyment. and adopt govern
went and business measures base
: nm these facts, before we can hav,
recovery. Almost one-half of tn
t unemployed are in the durabl
goods industries and almost one
: hah in the service Industries. l
e we could put to work the 5000,
900 unemployed in the durabl
{ goods industries, the increase
), production in those industrie
would afford business for the rail
o roads and other service industrie
that would enable them to re-em
l. ploy the 100000 who are unen
:, ployed in the service industrie:
II and the depression would be enc
ed.
~ What, then, must be done t
. revive the durable goods indu:
, tries? Durable goods consist c
" things that last dong time
to Loan & Mortgage Corp, 2 lot
n Dixie Terrace.
C. L. Stark, Agt., ct al, to Ii
Il, liam Mae Klaren, lot, Rusht
homeplace.
B. Lillian Mae Klaren ct vir I
Realty, Inc, lot 80, Rusher hom
TO place.
e. Lyman NJ. Beckes to Helen
j. Beckes, lot %, block 6, Echo Mt,
id Gunagrey Corp, to Jas. P. Gre
lot, Oak street.
m Atlantic Joint Stock Land Bar
to James H. Laughter ct W., sc
w aorac MILL Dsyar