Salt Lake Telegram | 1932-07-16 | Page 11 | Business Map Bright Spots

BUSINESS MAP BRIGHT SPOTS Conditions Not So Bad as a aFew aFew Few Months Ago By RICHARD L. L GRIDLEY United Press Financial Writer NEW YORK July 16 UP UP- UP Widening bright spots spots' on the country's coun- coun ry's rys map are strengthening hopes of substantial business Improvement improvement improve Improve- ment by the end of summer Concrete signs of widespread Improvement improvement im Im- provement are still lacking but economists econ point out that business news is preponderantly bad as it was wasa a few months ago Only a a few major uncertainties appear up ap- ap pear ear in the presidential election and he the current war debt problem Even without any change in fun funi conditions business already has rebounded seasonably from the generally abnormally low levels of the first half of July Listed among the current or prospective pros factors which would help Business activity are arc the following 1 Adjournment of congress with removal of threats of adverse legisla legisla- tion 2 Rising prices in both security and commodity markets 3 Strength in fri the American dollar In foreign markets bolstering faith in let inthe the money structure as indicated by bya a decrease in hoarding 4 A Amore more general feeling that business is seeing its worst and ma improve shortly 5 5 More conciliatory attitude on part of Europe to settle Its economic difficulties through cooperative ac tion 6 Early passage of unemployment relief legislation 7 7 A spurt in steel industry operations operations oper oper- from 12 to 16 per cent of ca capacity capacity ca- ca which will bolster allied lines 8 A drop in business failures this week to from in the preceding week Many sore spots continue to dis discourage discourage dis- dis courage greater activity in some lines but economists stress recent Indications indications indica Indica- that some phases of industry were resisting the downward drag