Show RELIEF STEPS 1 SHOW RESULT Confidence Gain by Better Beter Merchandise dise Sales By RICHARD L. L United Press Financial Writer NEW YORK March Busi 5 ness this thi week began to feel the t e feet o of government relief mean meas' meas and the usual seasonal influences With Wih Easter only three weeks week aWa ava the sprig spring buying season in wears apparel developed developed Merchants Merchant r ported growing sales Railroad freig traffic is larger and md heavy like steel are arc counting on large lage b ness nes as the Ford motor demand f fi fj Its it way Into the market market Most recent improvement it It iL agreed has been largely confined I restoration of confidence but bet feeling can hardly fall fail to be trans transit transited ed into rising payrolls if 11 l economic r lid lief le plans succeed The federal reserve banks ned ried red by threats threat of foreign gold w wit wi launched their easy mo mont mon policy this ibis week coincident with wih u a other cheering decrease in hoarding cure l' l lEay Easy Eay credit will wi be provided In fri I large part by heavy purchase of Un tint tinted ed cd States government bonds by ba bank ban which this week absorbed more th tb tha of these Strength in other bonds reflected e feels of ot passage of the Glass bill bi and activities of the u tion ton Finance corporation c This improvement together w withe wit wi the trend resulted in I gratifying rt ying decline In bank failure The federal reserve bank of Ni Ne Nei York remarked banking condito condition showed substantial during February Many brokers claim cam an early r vival in in the new financing marke mark would make it possible for many ix and railroad corporations man t finance much needed construct and improvement programs programs Corresponding improvement I sentiment has occurred in many fo foi eign capitals allowing England t ti repay nearly neary all alls Its credi obtained from American and Frencl Frenc bankers bankers Germany made a 10 p pe cent payment on her Central bl bun loan also 4 1 Thanks Thank to substantial loans by th h Reconstruction Finance corporation many railroads were able to meet ma maturing turing obligations easily j Copper producers producer planned to mi en c tail tal world output to 17 2 2 12 per cen of capacity to bring prices to profit profi profitable able levels Another stabilization sigi sig a In fri the petroleum industry was wa S Sin see in pending consolidation o of the S Sclair Sing Singclair clair clr Consolidated Oil Oi 53 with wih two former forer Standard Oil 01 unit uni u the Prairie Oil Oi and Gas company anthe as an a the he i Prairie Pipe Line Lie company fj |