Salt Lake Telegram | 1932-04-30 | Page 11 | Business Has Bright Spots

BUSINESS BUSNESS HAS BRIGHT SPOTS Sales Sates of Spring Goods Show Encouraging Increase Steel Improves By OTTO OTO E. E STURM United Press Financial Writer WrIer NEW YORK April Apri 30 Bright 30 Bright spots spot 7 had riad a good edge over gloomy news ew I reports irom om the co country's leading business centers this thi week Steel the nations nation's leading industry reported improvement ond and better beter dis distribution distribution di- di of goods good was reflected in ir 1 another increase in the weekly cat car loadings figures Retail merchants merchant reported an encouraging encouraging en en- increase in sales of spring goods good Electric refrigerator companies companies com corn panics reported a 0 huge business There was a spreading confidence in all al trade and financial channels channel inspired by belief belef that con congress was buckling down to the job of cearing clearing up the nations nation's naton's fiscal fical condition On the other side of the ledger was wasa a report that electricity output continues con con- to decrease Also Alo a break insecurity insecurity in insecurity security and commodity markets was tva somewhat disconcerting Steel mills mis increased their rates of ol output on steadily rising orders from the automobile industry and hope va wasen was en engendered that May would show still stiL stillmore sti more improvement improvement Automobile companies com panics panie reported sales increasing All Al this resulted in better beter employment employment employ employ- ment conditions at al various centers This Ti was notable chien chiefly In a few branches of the building industry Shoe production fell feU oft off of somewhat and conditions as regards cotton colon mis mills were vere still sti unsatisfactory after a breakup of or a meeting at Spartanburg S. S C C. C without arriving at nt a plan for output curtailment A break in the drouth In the te southwest southwest south south- west played havoc with wih wheat and ad eau caused ed estimates on the Kansas Kansa t crop to be revised from below bushels to near bushels Cotton Coton suffered considerable depreciation