Evening star., 1937-05-23
Industry
Continued From Page G-l.)

Continued From Page GID
industry on the whole seemed to have
lost litt" momentum after its record
breakinf Spring drive in cotton and
rayon gl2sds.
F1rme- tendencies among speculative
commodities was relied upon to stimu-
late buying in wholesale markets, re-
Gently Influenced by the Spring drop
In staple prices
Evidence OF f1attening of the recovery
curve was seen in diminution of the
rate in gain in electric power output.
The increase over last year for the
latest week was 1927 per cent, against
12.8 the previous week, and around IA
and is per cent some weeks ago.
Railroad carloadings were not far
under the 1887 peak at 773 ,669 cars,
gain OF 6l88, compared with the pre-
vious week, and ral3 men looked ahead
TO substantial traffln increase as crops
begin to move to market. A big back
log OF orders for rail equipment was
sustaining prop for heavy industry.
going around top speed in an effort to
cut into accumulated orders.
Directing attention to the spread Of
recovery and proposals for 4O-hour
week under Government standards
was the Department of Labors April
employment report, showing job and
pay rolls about at levels of October
NNNnv1,hor
market crash signaled the impending
depression.
High lights from the u Federal re-
serve districts follow:
NEW YoRk1Retail trade slowed, but
narel market dragged and textile ieSG5u buy1ns ms
volume. Trade seemed to have lost Wig Wig
BOSTON-Cotton. wool and leather
markets continued quiet. Retail sales UP
81 cdt+dn per rof,r sent compared with last year.
levels on untitled orders. Woolen mills
we're slackenlng little and hestant to
PHILADELPHIA.-Reta trade was some
eal rnat r uneven: ven. Apparel sales reported 10
poted unusually heavy. demand for accom-
,le change. Electrical goods makers were
>, RICHMOND turnover showed
little change from previous week Wash
ington department store trade tralled last
business. Richmond bank checks cashed
totaled above S5,000,000 higher than year
ATLANTA TA-Improvemen seen in retail
trade. with department stores reporting s
\ per cent gain over last, year. Home fur
IN Birmingham area at a5 per cent of
capacity. Field wages and demand for
CLEVELAND youngstown steel rate
ity. while Cleveland rate rose 2la to So
sion caused no concern; Toledo, trade de-
scribed as slackenng. although dollar sales
held % per cent ahead of last year. Re
tail trade IN Cleveland also slower.
CHICAGO.-Authorities said business
had . shown some recession; with adverse
reportns sales under last sho yesp mem
eurtailed personnel slightly. Reduced hog
uss sap o9asknf safss of hard
ware. ware home furnishings, were 20 per cent
al. ahead Of of aSf yesT Weat6eT
generally, slowed somewhat from last week.
Farmers buying seed and implements Re-
ST. LOUIS.--Favorable weather helped
trade Mh0Iesale business held above last
labor seen. Residential construction
KANSAS crrY.-wholesal trade showed
little change from previous week and up
3 per cent over last year. Home furnish
1nss described as leader in trade gains.
Crop conditions held favorable. Private
building fills hole in Government work.
DALLAS-Most Dallas retail stores
showed gains Dallas bank clearngs up
% per cent over preEious week and 80 4
per cent over 1886 week. April wages
higher on average.
uneven. Retail business described as fair
but less buying at wholesale. Strikes cur
tailed buying power of some consumer
groups. Car loadines and oil industry con-
tribute gains. of1setting declines in electric
power and lumber output.