Salt Lake Telegram | 1938-08-27 | Page 13 | Pace of Trade Gathers Speed

PACE OF TRADE GATHERS SPEED NEW YORK YORK Aug 27 2 fl Indus P-Indus- Industrial trial activity in the United States continued its Is rapid summer upturn in the latest latet ava available lable figures and has more than recovered the te loss recorded in the te first half hal of 1938 Ring Rising for tor the seventh consecutive week the Associated Press Pres weekly index of Industrial activity jumped Saturday to 78 compared with wih the preceding week The improvement improvement im im- im provement started from a low of ot at the end of last spring A year ago when business was beginning beginning beginning begin begin- ning to decline from the 1937 r re recovery recovery re- re covery cover peaks the index Inde stood a at af 10 1044 Average industrial levels level for forthe forthe forthe the years 30 1920 are taken to equal 10 in the computation of ot this measuring mean meas mea mea- device Steel electric power and residental residential residential tal building contributed further gains gin to the te advance of the composite com corn figure A little lower allowing for seasonal fluctuations were automobile automobile au au- au- au production and cotton coton manufacturing But rated by many as the te most significant trend was wa an unbroken upswing in residential residental building furter further further fur fur- ther ter increasing the margin of ot improvement improvement im im- im- im provement over comparable 1937 figures The residential building Index in index In- In dex dex on the rise rie since last March attained an index figure of compared compared com corn pared with wih a year ago having risen this thi year from around 41 41 Acceleration of ot federal public works work spending bolstered heavy in industrial industrial in operations Steel output touched per cent of ot cap capacity the highest this year on a recovery recover from an early July operating rate of ot about 22 per cent cent Numerous automobile automobile au au- au- au manufacturing suppliers began to feel teel the influx of ot orders for tor parts part and materials material in the motor Industry's shift shU to production of ot 1939 cars Rail Ran loadings increased close to the 1938 peak figures The index and its It components component adjusted adjusted adjusted ad ad- for tor seasonal seaonal variations compared compared com corn pared as follows a Latest Prey Year Tear week week ago aco Composite Index X x 1044 alo Auto luto production 1021 Steel Stel mill activity x X 52 1125 mi Cotton manufacturing 1166 1174 1242 Coton Electric power use 1126 6 12 1243 3 Home building 98 1938 high