Salt Lake Telegram | 1935-09-13 | Page 4 | The Business Pickup

7 1 The Business Pickup W WHAT HAT Matthew Matthe S S. S Sloan of St. St Louis chairman chair chair- w man of the board of the M M. MK K T. T railroad railroad rail rail- road hac to o say about business gains and the fp 1 prospects fp the near future while in this cit city on n a business trip is echoed throughout the nation by many business men en who are closely watching trends trends' and indices Mr Sloan for many years president preside t of the N New w York Edison company omny is l listed as one of the country's foremost fore fore- most utility operators The Katy chief hief recognizes rec rec- t the e onset of r returning turI in confidence in business ss and industry better agricultural ral conditions conditions con con- and greater industrial and business ac ac- ac The improvement he notes is cumulative tive tiye each ach gain ix in many many fields being followed by others more impressive ive What has been most cheering to Ito business leaders e ders has been that tha the seasonal de decline line this year iyar car h has s bee been 1 less ss marked than in any of the d p sion years year without even eve hi hinting ting that there i is any an repe repercussion to be pe expected as an after aftereffect eff effect on fall faU business 9 M H Heavy industry is beginning to feel the pickup pickup pick pick- up p th the thing long aW awaited This is the I ti tion n c of in increased purchasing Sing power and Is also I an an effect of t pressing ne need d for goods which has been to to accumulate over ver a period of years Brisk business in the automotive field has bas a accounted c in large part for the spurt spud in steel production n Housing h has shown a slow but steady gain though nonresidential b building continues continues' con con- Surpluses uses carried over from 1933 and 1934 when production above consumptive cp capa capacity ity W was stimulated d by misjudging sJ the business business business busi busi- ness v volume lume under tinder r t the e buy now propaganda of f t tose ose years have hay d largely disappeared red and in inconsequence n consequence production schedules in iii the co con con- goods goods' industries have nave taken a sj spurt urt to i catch atch up with present d demands mands Prices for farm products and foodstuffs are much nuch higher effected by artificial stimulation but the gen general level of prices in other lines has reflected a heartening degree e. e of stability This denotes absence of the unhealthy conditions conditions' jj prevailing in ina nR a long protracted d buyers buyers' market marke Per Perhaps ap t- t th the so called average man an will ill p Be p co content te t to t ti tip his Jus hat to c th these se In increasing rc ing f ns ot fr rt reTurning economic health and leave it X TIt rL TI t- t J i 1 t. t t I to the politicians to debate whether hether co the n new w deal has helped to bring improvement nt or or has ret retarded its coming by denying the right of natural natural nat nat- ural forces to operate We shall continue to hear more ore and more harangues on this point but most of us will perhaps pay little att attention atten atten- n- n tion as long as things continue to grow better and better The encouraging thing is that re report reports re- re ports port of f definite gains are coming from all parts of t the nation There must be something to it