| Show STEADY GAIN GAININ GAIN GAININ 1 IN BUSINESS IS I'S REPORTED Report Shows Record Pickup I During Period of Past Week EMPLOYMENT MAKES CAIN OAIN Improvement Improvement- De Declared lared x to to Be BeMore BeMore BeMore More Than Seasonal m Br By United NEW YORK May 26 Bu 26 Business 26 Business ness has steadily gained in the past week and more jobs have been made available than in any one week in the past two years the Dun Bradstreet In Inc In business review said today In no week during the last three years the review sal said have the he reports reports reports re re- re- re ports covering most lines of ot productive produCtive tive and distributive ive activity contained con con- tain lain lain-ed d so many evidences S of consistent coasts coasts- tent Improvement Employment w was S reported Increasing increasing increase ing in centers devoted to production of ol d steel l and allied products automobiles automobiles automo automo- biles bites textiles rubb rubber r goods shoes leather lumber and nd the essential supplies supplies supplies sup sup- plies of the brewing industry In addItion addition addition addi addI- tion to the increased employment I wage scales Cales in many instances have been restored tol to levels vets v-els above abote a a year ago according to the The revl review continues ues in part The cours course of the le leading ding indices is In indicative of f the Uie quicker tempo r of Industrial industrial activity activity has become become be be- C. C come too accentuated to be attributed merely to a seasonal rise Automobile Automobile Automobile Automo Automo- bile output has risen rise t to a n year two peak steel operations have been advanced advanced ad ad- for the eighth consecutive week and ele electric light and po power er prod production has has' continued i its contra contra- seasonal rise for forth forthe the third week extending extending ex ex- tending well above the line of last years year's record ANOTHER GAIN Railroad loadings of miscellaneous freight are nearly on a par with last years year's while e output of softwood lum lumber ber has ha passed that point and production production tion lion of bituminous coal projects almost almost al s1- most vertically from last years year's course due in industrial use The business activity barometer of Dun Bradstreet registered another another another an- an an an- other gain l this week now w standing at per cent of the 1930 1928 average as compared with for the same week of last year ear and the low point of touched for the week of March 22 22 1933 Preparations Preparation for Uz cartAl-Uz tion to align activities with provisions of th the national industrial recovery act has spread from the textile hosiery sh shoe e and leather food products electrical lumber metals petroleum dry colors and paperboard industries to a wide group of smaller trades in which meetings of associations have b been held to take ov over r the regulation of 01 various functions of their parts o of Industry industry in in- in order to secure the full lull benefits of the new law The effects of the new legislation are expected to become concretely evident within three months after the thc passage of the bill as most trade organizations organizations or or- have had so much experience ence in working out cooperative agreements that the lifting of the antitrust prohibitions would cause almost almost al ala al- al most no delay in conforming to the new conditions t t With the large department stores atones Continued on Page Pan Twelve STEADY flEADY GAIN GAININ ti IN BUSINESS I J IS REPORTED I Continued from P Pete re One and specialty pe shops the Mayover May turnover turn over o gives assurance of surpassing the ine I volume of the comparable preceding years year's period for the time first first time in in two years in spite of the unfavorable e weather which persisted during most of the month Most of or the large larg stores have achieved the best operating operating ing mg basis in at least two years and arc are closer to really reilly profitable results than they have been In many months Clearance sales are less in evidence than the they were a year ago and in inmany inmany many cases are being featured merely to attract attention to other merchandise disc dise that is Ui being offered With the government control of industry bringing bringing bring ing higher wages and prices the thc pros pros- prospects peets now are arc more definite for retail distributive totals climbing higher headily during durin the summer months In spi spite of the high levels lc which at-which wholesale buying has been maintained main maintained main main- tamed since the middle of April this week was one of the best of the year with both unit and dollar volume exceeding exceeding exceeding ex ex- the comparative totals of 1932 Many Maily buyers returned to supplement supplement sup sup- their early orders for summer sum sum- m mer r merchandise as ass they are arc certain that evidence of the increased purchasing purchasing pur chasing power which will result from the current upswing In business willbe willbe will willbe be se seen seen n in the sal sales of summer goods and they are arc rc adjusting their stoc stocks accordingly Bathing suits and apparel apparel ap ape parel for beach wear have haves have been bought in nearly twice the volume of last year with dresses millinery shoes hoes hosiery and white swagger coats forming the major p portion of the reorders for June delivery CINCINNATI CINCINNAT Ohio May 26 P dA jp- jp PA A call for higher for higher prices and a 10 per percent percent percent cent wage increase went out to the coal coa industry of four states today from Appalachian Coals Inc huge marketing agency The wage scales of more than mining companies are involved in eastern Kentucky southern West Virginia Virginia Vir ginia southwestern Virginia and eastern east ern em Tennessee the Tennessee the region where Appalachian Appalachian Ap Ap- Appalachian Coals represents the bituminous bituminous bitu minous coal industry R R. E E. Howe executive secretary of the agency said he could not accurately accurately state the average wage scale for the region relon or how far a 10 pe per percent percent r cent raise would go toward restoring normal wages Directors representing the major majo r par par of the potential lon ton annual annual an nual output of ot the agency's membership membership member ship approved a resolution saying that tha t the present selling prices of coal and andas an anasa d as asa a a necessary result the prices pai paid d for tor labor are too low and that an Increase increase in crease of each resulting in the lar larger large cr r buying power Is a necessary prerequisite site to a return to prosperity NEW YORK May 26 28 The P The boot boo t and shoe industry trade reviews report report re port has stepped into the front lin linof line e of ot forward moving trade and at th the e moment several factories arc are operating operating operating oper oper- close to capacity Contrary to the se seasonal onal trend trenda Various various va Va- adous rious dous manufacturers say there h has been a heavy inrush of orders re rc This spurt It Is explained c can be Sc traced principally to the rise in raw materials markets and the consequent consequent con sequent Impulsion to buying In the first four months of this year a Fitch Publishing company survey points out the output of boots an and d shoes averaged about 2 4 1 per cen cent t under the comparable 1932 period But current production It was found is running substantially in excess o of oC f last year and the prospect is that th the e expected improvement in May and June as compared with a year ago will result in at least as large and possibly possibly possibly pos pos- sibly a larger aggregate outrun forthe for tor forthe r the first six months as in the Jan Jan- uary-June uary period of 1932 |
