Show IN INIS FREIGHT IS STILL BIG F FACTOR Transportation Problem Is Expected to toBe toBe Be Solved The Tho latest federal reserve bulletin bulletin bulle bulle- tin says that considerable variation variation varia varia- tion In business l Is reported by federal federal fed red eral cral reserve agents In agricultural tural production there thero is a n. perceptible per per- Improvement due to seasonable sea sea- weather good dIstribution tion of or moisture an and J replanting Manufacturing conditions are arc In somo some districts reported chaotic ranging from extreme optimism to extreme me pessimism m. m The Tho railroad situation has hns hn been somewhat Improved but not sufficiently suf sut- to warrant belief I that ef of- tt a r of the e breakdown o have been ee 1 T overcome o Thero There Is still I great congest con con- conI gest Ion IonIn In retail trade there is evidence I I of ot decreased demand In maD many parts parte of at the country although somo some of or i this decline Is seasonal Quite Quito generally there Is a tendency to settle down to a n. readjusted basis and to proceed with business on the new level lovel of prices and de de- de- de mand lion Hon Control of ot cr credit and between essential and borrowing Is producing some I results although developing slowly slow slow- ly Iy and gradually Present price situation is unsettled and Is la being closely While some Bome price reporting I agencies show ho a I reduction oth others l' l Including the bu bu I bu-I reau of ot labor Jabor statistics show Rho in- in In prices due perhaps to different character of commodities used In index numbers and moth meth o OtIs Js of or construction rather moth I than in discrepancy in prices th them them- selves m-I m Foodstuffs and essential corn com modUle except clothing and shoes show com j little hittl Indication of re re- re du luxuries and I have been en In man many lines distinctly cut Business Is passIng pass pass- I In ing through a a. period of at readjust readjUst- I mont ment and in many directions of or depression There Is Is however ev ev- ev cry ery Indication that this transitIon transi transi- tion period will not last long In long 1 In deed that the turn toward new now conditions has already been taken The Tho feature of ot tho past month was a excessive cancellation c of ot orders or or- ders dens received by manufacturers In various lines It is a situation I that might be interpreted as I I presaging industrial depression but for certain special circumstances circum stances that go far tar toward explaining explain explain- ing prevalence of ot cancellations In L tho the first place the tho transportation lon remains na as for several cora months tho the dominant factor and i tho chief cause inhibiting Live tive activity Inability to deliver goods or delayed deliveries arc are sufficient explanation of ot many cancellations It Is generally accepted opinion that If It tho the transportation problem can be solved present hindrances I to productive activity will m largely disappear |