| Show Commerce Industry Show Big Revival Du During ring Month I. I Sharp Percentage Gains Gains' Reflect Rebound From Banking Crisis Levels Editors Editor's note From Va Wall l Street where stocks have hare perked up to the Pacific northwest where the lumberman's ax is swinging more busily better business and reemployment employment are reported in many sections see sec lions of the nation Chicago reports an encouraging showing showing- in electrical consumption consumption consumption tion Detroit In shopping North Carolina in textile production Miami l in fri real estate deals Buffalo in flour milling Seattle in shipping ship ship- ping ling and amI so down the line Herewith arc are presented some conservative highlights of the situation I By CLAUDE A. A JAGGER Associated Press Financial l Editor Copyright 1933 by the Associated Press NEW EW YORK YORK- April 27 Comm 27 Commerce 27 Commerce rc-e rc and arid industry in the past month have experienced one of the most striking re revivals revivals revivals re- re of recent years Sharp percentage gains reflect ct of course the rebound from the extremely low levels of the March banking crisis Nevertheless some soine lines are approaching or have actually crossed the levels of this period last year Much of the improvement im Im- Im- Im provement t has ha been aga against normal ormal seasonal trends The false upturns experienced previously in the depression have bave taught business executives to examine such bulges as the current one cally Reports from many parts of the country however indicate a pronounced pronounced pronounced pro pro- rebirth of confidence to together together together to- to gether with fattening order books books' Automobile production for April according to present indications may show a gain over April last year After falling to some cars and trucks in March the swift quickening quicken quIcken- ing lag in output this month according Ito to trade authorities should carry it it above the produced in April 1932 Steel l pIo production has risen to the best levels in more than a year Operations Operations Operations Oper Oper- are estimated by Iron Age for this week at 25 per cent of ca capacity ca- ca The average for for- April last las year was was just just under that and for the full month of last March less ess than 16 per cent Steel production usually reaches its seasonal peak in March Freight car loadings have gained steadily in in April contrary to the seasonal seasonal sea sea- so al trend which usually carries Continued on CD PAre PASO Two BUSINESS SETS FORWARD PACE PAGE Continued From Paso Page One them to a peak ak in March The average average average aver aver- age thus far this month has been cars against in March and in February Last liast weeks week's production of electric power in the United States as estimated estimated estimated esti esti- mated by the Edison Electric lute tute tute was only 26 per cent under the like week of last year the smallest such divergence in 21 months It was up 16 per cent over the previous week although the normal trend for tor forthe forthe the season is downward The figures indicated a pronounced increase inthe inthe in inthe the use of ot industrial power Latest mercantile reviews report a sustained volume of retail trade The usual pronounced slump after Easter seems to have failed tailed to materialize The moderate rise in ln commodity prices price coincident to inflationary psychology psychology psychology has evidently stimulated buying buring With domestic copper prices rising from 5 38 8 cents a pound to 6 61 2 2 1 one of ot the largest producers reports the biggest sales in more than thana a year HIGHER PRICES TALKED Scrap steel prices at Pittsburgh have advanced front from an average o of a ton on March 30 to and the steel el trade frade is talking of h higher gher prices for finished materials At this time of year many business lines normally begin to prepare for forthe forthe forthe the usual summer slump April is usually the peak month for lor automobile automobile automo automo- bile bUe manufacturers although trade reports now indicate higher schedules in May A seasonal peak in May sometimes sometimes' occurs in this industry asit as asit asit it did last year Many business executives express the hope that the belated seasonal upswing in business this year can be kept under way wa and that the summer recession will willbe be 00 smaller than usual CHICAGO Electricity CHICAGO Electricity output In Inthe Inthe Inthe the Chicago district for tor the week ended ended ended end end- ed Saturday was kilowatt hours 1 iper per cent less than a year ago but the best showing with that one exception since September 1931 During National Life Ute Insurance week In new business was written in the Chicago area Stock exchange transactions last week were shares l the best week since the one ended August 13 1932 Board of ot trade transactions last week were bushels of all grains the largest week since the first week of ot November 1931 when transactions were BUYING INCREASES DETROIT Release DETROIT Release of b by ay two banks in the process of liquidation dation has been reflected in a marked increase in buying although no definite definite deli deli- nite nile figures as asto to volume are ure available available avail avail- able Automobile factories generally ar are arc reporting increased production schedules and better retail demand than was expected exp The TheFord Ford company has has' Increased dail daily pr production to 2500 cars against an original pro program grant of 2000 daily Thirty thousand workers many on a day five basis are employed in the River Rouge plant GALLIPOLIS The Ohio Ohio The Marietta steel boat building plant at Point Pleasant W W. Va received receive i yesterday A million dollar contract to build two United States dredges es for use we on the Mississippi river FIve hundred men men will wil be employed cd until November to fill the contract S CHARLOTTE CHARLOITE N. N C. C The C.-The The Slater Manufacturing company a textile mill at Greenville S. S C. C has received or orders orders orders or- or ders which resulted in an increase in in n operations from 30 hours a week to with day dav and night shifts working The mill now has em em- Some ther other mills partIcularly particularly particularly those making woven goods plan to increase o operations shortly RICHMOND RICI V MOND Five Va plants of the tho Maryland Overall company in Virginia have changed from one ten- ten hour shift to two six-hour six shifts shUts anc and added operatives Richmond wholesale houses report that orders have increased since the bank holi holl- day SAN FR FRANCISCO The FRANCISCO N S The The Federal Reserve bank for this district says business has recovered rapidly to the February level Moderate gains ains are arc reported In car loadings debits lumber production commodity and stock prices with exchanges exchanges exchanges ex ex- ex- ex changes active Canned fruit prices are up and canners expect the lowest carryover for several years Some manufacturers are arc doing more snore forward forward forward for for- ward buying than for many months Employment gains are noted in construction construction construction con con- canning automotive plants and The agriculture gain partly is seasonal The wholesale trade expansion is described as more than seasonal SALES INCREASE The MINNEAPOLIS The Civic Commerce Commerce Commerce Com Com- merce association announces that during the past pasI six weeks a 10 to 20 per cent gross sales increase has been noted in wholesale hardware general merchandise farm tools dry goods and ladies ladies' apparel City relief has dwindled markedly In the past three weeks with app applications for lor relief fewer S MIAMI Fla More More building permits permits per per- mits have been issued at Miami Beach this his month than in any month since lost last September Half Hal a dozen good sized realty deals have been recorded Miami merchants say prospects are aregood aregood aregood good for an m excellent summer The season just closed was the best since 1926 they say OKLAHOMA CITY Better CITY Belter business business busi bwl- ness neS appearing in several spots is Li considered sufficient to show an upward upward upward up up- ward trend There has been a noticeable noticeable noticeable notice notice- able increase in the number of charters charters char- char ers granted to business business' concerns since the middle of March A macaroni factory reports it is two weeks behind ord orders rs with an 80 SO per percent percent cent increase in employment The Pioneer Cotton mills at Guthrie are putting on on a full force The Henryetta Henryetta Henryetta Henry- Henry etta Glass factory of ot the Pittsburgh company increased its force recently Shopping is reported to have bare Increased Increased in increased In- In creased generally CLEVELAND CLEVELAN Increased CLEVELAND Increased eased buying orders have caused a pickup steel in steel mill operations In Cleveland production production pro- pro luction was estimated at 41 per cent the he highest since 1931 with prospects of ot higher rise quickly Operations in the Youngstown district have increased in creased to to 23 per cent the the first first time timen in n three years that the rate is higher than ban for tor the same date of the preceding pre pre- ceding year ear Last year in the cor cor- corresponding responding week production was at I 22 2 per cent S REACHES MILLION lARK MARK KANSAS CITY CITY CITY-A A civic campaign I to o obtain pledges of r repairing remodeling remodeling re rc I modeling and renovating work has has' reached the reached the m mark rk The goal is James E E. Burke of the trading division division division di di- vision of ot the chamber of ot commerce commerce says ays Future orders for fall mer mer- showed a decided pickup Inthe In Jn inthe the last three weeks There is also a avery avery very good d demand mand for women's clothing Th The Missouri Portland Cement company company reopened a a plant employing I about men S BIRMINGHAM The Thc Ala The RepublIc lie lIc Ic Steel company plans to resume limited operations next we week k re re- employing men Scrap iron advanced ad 50 cents yesterday with no orders being accepted for br delivery three months hence The April steel movement shows an increase over March llarch and retail business seems seems' on the upgrade S SEATTLE has bas mani- mani Shipping ested definite improvement in this area say The Luckenbach line ine line reporting business generally beter better bet bet- ter er has thas replaced the Susan LUck- LUck bach ach with Paul Luckenbach one o of the he in country which has been idle A freighter of the Calmar line and andone andone andone one of the Henry S. S Gove line ine were returned t to service because because because be be- cause of increased business especially especially especially ally in lumber The Arrow line SAid improved conditions in th the co coastal stal trade rade made it necessary to step up sailing ailing schedules from a day 21 basis to oa toa o a fortnightly basis I The West Coast Lumbermen's association association as- as said laid Pacific northwest t lum mm- ber bei- shipments shipment exceeded current production production pro pro- production by 99 per cent Lumber buying although it subsided somewhat somewhat some some- what wha after a flurry starting March 11 1 is still per perceptibly better than for many months Lumber mills have re reopened opened d at several points For example the he Wh Whatcom Falls FaUE Mill company put men Ien to w work at 5 FLOUR MILLING 1 GAINS BUFFALO N. N Chamber Y Chamber of commerce indices show that flour lour milling one of Buffalos Buffalo's major industries industries in in- recorded a barrel gain gain tain for March over a year ago Each Zach month this year has been 20 barrels barret or more better than last year Steel production has jumped in n the past month from about 19 to nearly 30 per cent of ingot Capa ca ca- pa Seven breweries and a anum number num num- ber ef of brewery supply plants are arere reported re me- ported very busy DALLAS Texas The Texas The Missouri Kansas Texas railroad has persons this month Slightly Slight Slight- ly y better passenger business is reported reported re reo re- re ported with freight unchanged The The- Corsicana Cotton mills are reopening re re- op opening ning on full fuU time schedule employing employing employing em em- The general manager said orders insure several months' months opera opera- tion ion S ST ST. LOUIS LOUIS Harry Harry Scullin prest- prest dent of Scullin Steel says more requests requests re re- re- re quests quest for estimates arc are being received re xe- received than at any time in the last Jut two and a half years ears The RIce company one of ot the largest wholesalers say merchants merchants' are arc show show- lag Ing ng more interest In late summer ummer and fall buying than in the last larl three years but but- no appreciable pickup in immediate orders orders- is reported 5 |
