Salt Lake Telegram | 1931-03-03 | Page 3 | Business Has Trend Upward Barnes Thinks

r H INESS INESS HAS HAST T TREND END UPWARD THINKS INKS Stocks in Industry Reach Adjustment Ad- Ad AdJustment lu Head of Hoot Hoover Hoo- Hoo 1 t ver vet Board Says WASHINGTON March The Thc The business horizon Julius II H. Barnes finds is clearing Things arc are getting better signs arc are optimistic Such Is the report of oC the chairman 1 O or President Hooters Hooter's national bust busl bustness ness survey suncy conference for the midwinter mid kinter winter season eason not only in hi the United States Slate but abroad as well where the clouds of ot depression seem pushed back by the light of oC confidence and Sa Some of oC the bright spots ho he rev re- ported pond R Recurring demonstration that industry in industry in in- generally has attained an adjustment ad ad- adjustment of or stocks production and marketing In which even a Do moderate expansion in demand will have ha immediate immediate im im- mediate results SPENDING REFLECTED Evidence that reduced city spending spending spend spend- in ing reflects into lower farm prices for products in which there is no apparent apparent apparent ap ap- parent depressing surplus such as most dairy products Clear indication that the volume 0 or of savings sa in their various arious forms has been large and Is 15 still stUl mounting The long term capital market over o the past two and one one half half months has ren reflected an improved d condition Abroad he said repeated evi deuces of oC improved conditions are arc recorded I I The reports from American business business busi busl ness were cre added Barnes all accompanied accompanied almost uniformly by expressions expressions of oC confidence and energy which are apparently apparent themselves themselves the fruits of improved unproved conditions Collections in wholesale centers for forthe forthe forthe the past several weeks were classed as EJ only fair and insurance sales were lower than in January of 1930 Building Building Build Build- ing construction was vas a little less than of off from Crom a Ii year ago with corresponding reduction in building material movements TO TONNAGE 7 GE BETTER The bottom was as reported for structural structural structural tural steel tonnage in January with witha a decided improvement following well through February Concrete paring paving jumped so that contracts w were vere ere greater than In any recent jearA year jear A pickup was seen in long distance telephone communication but telegraph telegraph tele tele- graph and cable business railroad and street t car traffic was still sun off ore Electric output for February was some Orne 5 per cent below last year ear but the new construction budgeted by the power utilities was some 40 millions mU mil lions c above last years last 5 ears ear's high total Steel production rose from 39 per percent percent cent ant plant capacity in December to toS S 5 52 In February Automobile production tion rose rove in January a a. little mere than usual at this season w with export sales the feature The textile industry induStry industry indus induS- try feeling corrective c polities policies of or production production pro pro- and consumption was looking lookIng look look- ing up