Show BRIGHTER BUSINESS PROSPECTS TS SEEN IN APRIL No Lower Prices Predicted for Some Time Report Declares By Associated Press Pre W WASHINGTON ASHINGTON May ay 6 During During April business prospects Improved re retail retail retail re- re tail trade Increased Increase In volume prices apparently assumed a more moro stable po position position po- po and business generally wa was considered considered con con- on a stronger and better batter footInG footIng foot- foot Ing says tays a federal reserve board st statement statement state state- ment Issued today The Tho floating supply supply sup sup- up- up pl ply of or labor which threatened a a. considerable considerable con con- amount of ot unemployment during February and March has been partially partial absorbed and federal re reserve re- re servo serve agents ag report a Rain gaIn aln In confidence confidence confidence dence and Improvement In irs general trade an and Industrial conditions Continuing Con Con- the statement says fays manufacturing manufacturing manufacturing turing is still retarded in steel and some other basic Industries but thero there Is improvement In the copper and lead situation Textile manufacturing both bothIn In wool and cotton particularly the I former is Improving The export trade of or the tho month was large and financial conditions quiet and reassuring In the first federal re reserve ene district the Impression Is becoming general that no lower prices wilt will be established for tor some time This is having the ef effect effect effect ef- ef of encouraging gln buyers buers to place orders with moro more confidence and manufacturers manufacturers manufacturers man man- are going ahead In a a. satisfactory satisfactory satis saUs- factory manner Finally April was WM quiet The boards board's compilation of ot Interest and discount rates from the principal centers centers centers cen cen- shows relatively few fluctuations and these not of ot a character r to indicate indi I cate cato an any decisive trend The prospects prospect pros pros- for moderate moderate- accommodation to to- bu business and Industry were reported to be bo encouraging most banks having still a substantial margin marln of ot lending power |