Show WORLD INDUSTRY OUTPUT DROPS I II I NEW V EW YORK May 15 UP UP- UP World industrial pr production declined declined declined de de- slightly in March the National National National Na Na- Industrial Conference board said today Canada Japan Belgium Italy Spain and arid most of ot the tho Central and South American countries showed declines which more than counterbalanced counterbalanced counter counter- balanced the increases recorded in in inthe the United Kingdom and Australia Production in France showed indications Indications Indi indi- of improvement in spite of ot disturbing political and financial conditions The United States Netherlands I Germany and the Scandinavian I countries les remained in approximately approximate approximate- ly the same position as In February The boards board's analysis of ot the gold value of ot world trade in February 1936 indicated trade declined to 3 per cent cent of ot the 1929 average compared with per cent in January |