Show INSIDE t 1 V By PAUL MALLON MALLOX J j WASHINGTON Feb 25 The 28 The gov goy c ti own scoring chart shows tot new deal h has had a struggle to 4 D business at t fair lair levels during toe the hard bird winter winte-r months Mr r Roosevelt has had to be con t tent with holding his own I The e end of ol February now finds him J w ar about where he was in Septem bir ber That happens to be about the gen general level of business at this time m two years ago There will be a hearted full sigh of ol among mong his his' economic experts b the Ice thaws vs next month and U the thi rivers rivera of commerce start flowing Win aIn While the Immediate past was someI some some- hat I cloudy doudy the immediate future eq and id April Is radiant with Improvement Is Js as certain can an b be hatwIll happen after May 1 I Is onea guess e i u can figure out where here W we have and where here wc we we now sta stand d from thc h ii wing unprejudiced chart Eek eh figure shows show our relation to toaS aS al during toe the months cited Nor Nor- fn 23 1623 g b the thc vera e for r the years cars ed on Pue Pate INSIDE STUFF Continued from Page lue Ont One AVERAGES Month Month- t 4 3 I 5 j a I gc 3 2 e g 1 a F- F o a oo g na O g g o 0 o r. r ry W tI o M o h Iii f 01 ru of s r Goa a g V g g j j. j t 1 1 0 j 0 j 1 1929 1929 1011 S 1077 06 iu 3 11 5 96 t 92 92 t r 79 8 84 4 1931 81 75 92 63 63 54 5 53 3 January 1 32 72 72 64 78 31 42 3 39 9 February 69 62 78 I 0 27 u 41 45 4 5 July 58 51 65 65 27 27 3 32 2 December 68 66 58 60 28 30 3 33 3 January 1933 65 56 60 22 29 3 1 February 63 54 60 19 26 2 29 9 March 60 50 57 14 26 28 2 8 April 66 53 67 14 25 2 29 9 May 78 56 67 16 32 3 32 2 June 04 92 60 60 68 18 40 36 July July 65 65 70 21 48 43 Augusto August 91 61 77 24 50 38 Septem 84 60 I 70 30 48 40 October 77 58 70 37 46 42 2 r 73 73 60 65 48 40 42 December 75 62 62 69 58 53 42 8 48 January 1934 78 64 68 51 42 44 4 February est st 81 72 53 66 70 50 INDUSTRY The b best t news In the business box score is in the first column It shows industrial production has been picking picking pick pick- ing up slowly for the past four tour months Factories are getting busier making products for spring sales Their production has been running 13 to 18 per cent better than last year ear and 6 to 12 per cent better than two years ago Last year at this time we were diving for lor the bottom so com corn comparisons with last year are apt to be misleading The best comparison can be obtained from tw two years ago Mr Roosevelt would be waving his hat and cheering from the WhiteHouse White WhiteHouse House roof about the industrial production production pro pro- figures figur if it it il were not for tor the he fact tact that employment and wages wage have failed to show how equal improve Improve- ment PURCHASING POWER Industrial employment has be been bee n tightening since October So have hav e wages Employment t. t has fallen 2 pe per percent percent r cent and wages and wages about 4 per cen cent t while factory output was increasing increasing ing W Wages in February are estimated esti estimated mated to have been only 53 per cent of normal ormal That condition is bound to improve a almost immediately Factories cannot continue c making more and more snore g goods without putting on additional men and paying out more money in wages wage I Therefore the problem i. i is not as serious as it sounds but it does show t hat that the new deal has hu failed tailed as yet yeto yett yetto t td to o work any wonders with private industrial in employment and private industrial in In- d wages WEATHER Mr Roosevelt obviously expected this or worse That Is why he created ere cre- the C W A to hand out money until M May y 1 He banked rather heavily also on the public works program It has washed o out t on him again The gods seem to be against thep the theP theP P W A. A In December the P W A Awas Awas Awas was really g getting somewhere During Dur Dur- i ing ng the mUd mild early winter weather contracts were being filed tiled for actual work a at the rate of ot a month Then came such cold weather as we have not had in 20 to 30 years in inmany inmany Inmany many sections You cannot pour concrete con crete or do much other P W A work at freezing temperatures C Contracts fell tell off oU during the first two weeks in February to half the December rate But that situation too is ls due foran toran for tor foran an almost immediate te change Winter cannot last much longer Work willbe willbe will be otter offered through the P W VI A in strong Volume at the first sign of ot spring I That Is what we have been waiting for since Secretary Ickes started to work on the P W A last July The results to date show how wrong wron are these congressmen and other agitators who want ten and 2 20 0 billions allotted to public works a aa as asa asa s a sure cure for tor the depression Theris There Ther e is so much lost motion in the public works employment system that it seems much better to give the mone money y away through the C W A. A At least leas t you employ people and nd create purchasing purchasing pur pur- chasing power that way without waitIng wait wait- ing for red tape to unravel or the th e ground to thaw Copyright 1934 for The Telegram |