Show ECONOMIC HIGHLIGHTS Happenings s That Affect the Din Din- Din Din- Dinner nor ner Pails Dividend Checks and Tax Bills of Every Individual National and International I Problems Inseparable From Lo- Lo Local Lo Local cal Welfare oO Current developments t have given cause for encouragement according to most moet of ot the leading trado I The Tho period of ot rt readjustment now nol un or I Ocr way offers increasing evIdence c that business Is gradually from rom Its worst phases and that eves even I though there have been no DO outstanding ing gains gatos Influences tO toward rd further recession opposition are meeting sturdy opposition tion ion R R G C Dunn Co observes that thai too much attention Is III being fOCUSEd I on catastrophes and not nol enough on or orthe I II the foundation that Is being built L steadily and quietly by tho those so with I LI patience fortitude o and faith alth In la thc tho I future Particularly encouraging la is the fact that manufacturers wholesalers and retailers In general have ha cleaned cl out outmost outmost most of their old stocks made heavy bevy cuts In Inventories Increased Increase oper oper- operating operating oper- oper operating economy and have havo built up sizable cash reserves n The Tho recent report of tho the TImber Conservation of ot Secretary of Commerce Chapin forecasts that the I lumber Industry may be expected to Improve e during the present year The Tho importance of ot the forecast may he be measured by the fact that lumber is h isan laau an dollar eight-billion-dollar basic Industry and that In normal years rears It employs more met people than any other In eleven states slates The Industry has made a II remark remark- remarkable ablo able record In holding down outPUt and reducing Inventories Where de- de deI demand de demand I mand zoned In 1 1907 07 was for tor 47 billion feet It tell foil to 12 billion last year car At Al the ho moment demand Is running slightly ahead of production A paramount difficulty of ot the In- In In Industry Is taxation A number of ma- ma ma jor jot major majot lumber states tax standing tim tim- tim ber bet timber thus confiscating Its entire value In a few fow years which forces waste waste- ful wasteful cutting to escape such ji a penalty v vu u Debate between een foreign and Amer Amor- American Government ican l ean over U S Govern Govern- ment mont subsidies to tho ho merchant mar mar- marao l ine Ino marIno marine ao grows more Intense aUest aLte t for tor- for foreign c eign ign blast blasl came camo Irons from President of t he British board d ot of Trade who said of f Am- Am Am- Am I many ot the i n that th duoto duo 10 over over over- fleets U teAn tt- tt er trail 1 py by which wa z I subsides sub Ship Ship- tho the of S Secretary association offered a vigorous opera o pera the U S 3 bas lias launched li said Ho lie denial d of tho the other than any I le ss tho the last during Ireat g reat powers wo we led lod 1 tho the world In and that ars yearA ye vessels sc rapping the ship ship- hold by U L Is g generally ally n federal that which Industry industry miti m- m pi ping ng take the form or of o mall mail contracts which w essential to meeting foreign aro are aro c competition I Ion Prices hold hold- holdIng bold Ing products are Prices of ot farm partly due This was Ing t og their own weather which rather reduced market to t o cold col supplies s ts and strengthened demand advances a have recently be been n register registered cotton hogs veal calves ed e d by grain mar mar- maret market vegetable Tho The and I butter b utter eggs eggs- Improved because ot of ket k et likewise damage In the South f During the first five months of the tho of oC world consumption c season cotton otton c totaled 99 million bales na as c with 97 7 million and 91 m illion respectively In tho the same samo perlo n In la the be two proceeding years I Late Lale reports on major Industries show s LIFE de- de de decrease c crease rease In loans to L STEE STEEL Considerable s till marks the tho demand situation Prices are spotty Plans are now un- un under un under der den consideration to stabilize prices priceR by b y dis price shading which has been bElen a disruptive Influence In Inthe t he Industry during the depression The AUTOMOBILES AUTOMOBILES The decline I In i n passenger car sales Bales since 1 1929 29 was as apparently halted balled last January Salts Sales for tor the month totaled units as compared with In January 1932 1532 OIL Curtailment and price structure structure ture tore situation in California which had been offering resistance to gen gen- general gen general eral breakdown again became acute acuto recently Little WOOLS WOOL Little activity shown In market with tho the New England branch of the tho Industry making best record Prices showed small decline Collections Collections are fair Call In Canada tra trade disappointing Financial situation situa situa- situation tion then of ot Czechoslovakia slowly Improving lug ing Unemployment shows Increase In inFranco France German coal Industry ImprovIng hag ilg Economic recession was as less pro pounced In Spain than In many other countries l Export x ort trade In the lie United Kingdom has been restrained by ex- ex export ex export port restriction with slight improve Improve- improvement improvement ment in some somo heavy Industries Jan Jan- January Jan January uary usry foreign trade In Japan was con considerably larger er than In ia the same month o of 1932 |