Show Steel Keeps Climbing IJ HOUGH the business index hit its high point J T A at the holiday peak the index reaching 75 2 jand a week later dropping to based on f 1 factors tors used by Business Week th the slump is generally g treated as the expected seasonal s re rc re- re cession essi ss on The experts and chart makers qu quite te generally found all upward trends hanging on better than was wa anticipated There is confidence nce jn in circles influenced as little as po possible by politics that the recovery movement from now on will show significant gains gains' along these lines Construction COnStruct o ari agri agricultural ul- ul l- l tural tra production and income steel machine tool toot production automotive lines textiles lumber lumber lum lum- um ti ber tir r chemical industries private reemployment and nd d accompanying gains gain gains for for general gener ener l business bu iness including the he transportation field Steel is looked to by Business Week to ex exceed ex- ex 4 its 1930 figure 1 ure of ot tons in its 1936 production Latest statistics statistics' of the American American Amer Amer- ican c n Iron and Steel institute cite ja post depres ion sion high in the industry's activity A gain of 15 per cent in employment over oyer figures was w s achieved when pa payrolls rolls tallied allied e em em- at work The total of f November payrolls w was s nearly nearly 50 per cent higher than ith the paid out in Nov November 1934 Wage earning worked an average of J hours ours per week as against the ye year before 11 Not only motor production and railroad re requirements rc- rc re- re q figure in steels steel's 1926 estimates but heightened heighten d demand iemand in mat mari many lines li es notably building and in industries using tin cans The barometers b rs are all ll rising The dependability ity of steel as an indicator is cheering all forecasters to o pred predict ct consistent recovery y for the year |