Salt Lake Telegram | 1933-08-31 | Page 6 | American Recovery Spreads Rapidly to or Countries

rr fi American Recovery Spreads Rapidly to Other Countries I R Reports ports ports' Indicate Work and Found N Wage Increases 1 in Many Lands Landsi i ny RICHARD L. L GRIDLEY Copyright 1933 b by the United Press WASHINGTON Aug 31 31 Amen Ameri American c can n business reco recovery ery rapidly is 15 spreading throughout the world department department department de de- de- de of commerce experts s said ld today Reports from nearly every section of the globe they saM said showed millions millions mil mil- lions have gone back to work in the mills mill and factories of many countries and that wages were the highest in inna na years Ye Since last winter when the international tl nal labor office e. e estimated world unemployment at mor more than it was estimated that more than workers have gone back to their jobs since last winter In the United States Stat have found work and unemployment here is estimated at not more than Practically all nIl major foreign countries countries coun coun- tries were said to have shared in the busi business upturn UNEMPLOYMENT CUT At the end of May department of commerce experts said German unemployment was 13 percent percent per percent cent under January and 6 per cent under May 1932 British unemployment unemployment ment was 7 per cent and 3 per cent lower respectively The French total showed a ft sharp decline against a considerable increase in la 1932 In Italy Ital unemployment ment at the end of April was more than in April 1932 but the de decline Une from the January high was marked Industrial output on the basis of preliminary figures compiled by the league of nations has risen along with wilh unemployment The following table shows Industrial Indus Indus- trial rial output indexes of leading world I powers for May and md November 1932 and May 1933 the latest period in which comparative figures arc are available available avail avail- able output is figured in percentage of ot year shown immediately after name nain of country May Nov May Country Year 1932 1932 1933 German Germany 1928 68 5 Canada 1926 61 0 U U. S S. S S 25 1923 France Franca 1913 Poland Poland- 1928 Sweden u 30 1925 Unit 1924 FURTHER GAINS SHOWN Further gains in industrial output and end employment were reported in these countries in June and early August As in the case of the I United States wages and payrolls have lagg lagged d behind industrial output I and prices and living costs have risen moderately from their recent low levels The present upturn in world busness business bus busi ness has not proceeded sufficiently to determine its entire scope government govern govern- ment meat economists said but they were confident that the improvement was fundamental and andr was being by recovery moves initiated in inthis inthis this countr country A huge public works program being undertaken in Germany Germany Ger Ger- many and prospects of British adoption tion lion of N R A ideas were pointed to as evidence id that th the world v-o v ld- ld was following fol fol- l lowing owing the United States Foreign trade up to the end of or July increased rapidly rapidly- contrary to the usual seasonal contraction and land the I United States government benefited as customs receipts in August broke for several years year In the period from July 1 last 28 customs receipts amounted to 54 against in the corresponding cor con responding period of last year Panama Pan Pan- ama canal tolls in this period were against in the corresponding period of last year