Show D ECONOMIC HIGHLIGHTS That Affect the Dinner Din- Din ncr ner Pails Dividend Chec Checks and z- z Individual nat Tax Bills BUls HUIS or of 01 Ever Every n National and International Problems Inseparable From Lo Local Lo- Lo Local cal Welfare eadline news has surrounded the widespread bank holidays wh h spread from Michi Michigan n n and d LO Louis Louis- Louis Louisiana 1 lana iana to Oregon Oreon California New Nc NewYork NewYork York and other states and finally culminated with the general bob hoh- holi holiday da day declared by the President Inno In Inno instances these m- m no were accompanied by any widespread public easiness un-easiness In- In Un- Un Uneasiness easiness There has been nothing even enn n remotely resembling pa panic lc holidays s 's were declared to give lve time to prepare and pass legisla legisla- legislation leg legislation sla- sla tion designed to protect deposits Immediately preceding the gen gen- gen general en- en eral oral bank holidays trade revIews reported sten stead improvement in inthe in inthe the business picture Favorable factors fa outnumbered the able n a able n very definite change from fromI I conditions c of a few months n ago Bradstreets Bradstreet's B pointed to better bank clearings cl cla as compared with th a year yeara a go o the th decline in business fail fail- failures u ures res sign signs of stability in the wholesale w food price index and and the evident e satisfaction of industry in in g over action action taken to ye- ye repeal re repeal p gp peal eal prohibition A noticeable strengthening ol of of the th t he public shown morale morale shown for ex example ex- ex example a ample mple in improved security prices price prices accompanied the inauguration ol of President P Roosevelt Further st of confidence result result- resulted resulted e ed d from the constructive al a l address in which the President m made ade a 3 footed flat-footed stand for sound I m oney A note of hopefulness is sound sound- sounded sounded ed e d by leaders of the oil industry A Advances in prices especially in inthe the t he mid-continent mid field are eXPECt e ed d in the immediate future Good sign s ign is the concerted effort by th the i industry and state officials to keep keel illegal il legal al oil out of the market Bad sign sig-n so far as the industry a and nd most motorists are arc concern concerned d i is s that higher gas which taxes taxes n now ow range from 3 to 12 cents a gallon are gallon g arc contemplated in 11 18 s states tates While the wage commission is i still s till deadlocked in the anthracite coal c oal industry's wage n a 1 movement m has been gaining mo momentum mo- mo momentum m among the miners to in- in in crease c rease employment an and markets market t through lower wn wages es Since 1912 wages of hard coal conI coa m miners iners have increased on the aver average ave a age ge per cent In addition the 2 hour eight e day has replaced the t ten hour day It is widely believed believe l that t hat anthracite can regain its lost market only if the price is lowered 1 wages wages must then drop accord accord- accordingly i In connection with this it is in- in interesting t to note that that a di- di di division v vision ision of the American m rican In Institute of minin mining and Metallurgical Engine Engine- Engineers e ers ra forecasts that use of oil and gas Jas for energy production will wi d double within v 20 years and that tha use of coal will w lI steadily decline Farm prices have been steady steady- ing ing- steadying Changes have ha been small smal with cotton grain and cattle up a and nd eggs butter veal calves hides bides and potatoes down bythe A Agricultural credit extended by b the t he three banking systems under the he supervision of the Federal Federal Farm Loan board increased by over last year ear Lat Late proposed plan to aida aid agriculture a is s that the government lease 50 acres of land and keep kei them out of production for fOl a yea year Late reports on major industries show RAILROADS Car RAILROADS Car loadings good goodearly early in 1933 LUMBER Loaders LUMBER Leaders hopeful slight improvement in next two months STEEL STEEL immediate Immediate outlook un- un uncertain certain duo due to almost complete comple absence from market of the rail mil railroads roads and the future of the purchasing purchasing- by motor industry Sales AUTOMOBILE AUTOMOBILE Sales fairly sat Bat satisfactory for this time II i Seasonal decline in product has occurred Unemployment in Germany now smaller than a n year nar ago with b bust bustness bustness ness fairly stable on low level Production index has strengthen strengthen- edin ed cd in in France Swiss business mark manIc ing marking time unfavorable trade bal bal- balance ance rose last year Canadian bus busi- business busness buness ness quiet Business stagnant in Philippines Business trend in strong in Australia AustraHa with govern govern- government meat ment finances improved Indo Indo- S Chinese foreign tra trade trace je slightly im- im improved i mi- mi m proved |