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Show BUSINESS NEWS IS OPTIMISTIC Conditions Take Turn For Better, According To Latest Reports. NEW YORK, Oct. 31 uV.Fi General Gen-eral business conditions took a decided de-cided turn for the better this week as greater confidence was reported throughout the country. Money withdrawn from banks during the late summer came out of private hoards; steel workers returned to work at seveial plants; regular dividends were maintained on common stocks by the country's coun-try's two largest steel corporations as a gesture of confidence and a general feeling that thfe "worst was over" pervaded in commercial circles. Wage cutting continued, the Ford Motor company reducing its minimum scale from $7 to $6 and railroad executives starting negotiations nego-tiations with workers for a voluntary volun-tary reduction in wages. The latter lat-ter move was made necessary because be-cause the recent 3 to 4 per cent! freight rate increase authorized by I the interstate commerce commission commis-sion was not thought large enongh. More roads slashed or omitted dividend payments, the latest fatalities being Pennsylvania, Illinois Illi-nois Central and Central railroad of New Jersey. Best industrial news of the week came from the steel industry. Officials Of-ficials of the two largest units expressed ex-pressed the opinion that conditions j , have improved, while actual steel i ingot production rose from 28 to 29 per cent of capacity, i Steelmakers were cheered by the statement of William Knudsen, president of the Chevrolet Motor company, that output of his company com-pany would increase 10 per cent next year. |