Show economic highlights that affect aap t the ti wn ir her ill III dividend checke lind tax 11 illel or of larr we MOM 1111 natio taix anil ems inseparable froin atom local among the most hobt significant nad outstanding developments of the moment la is tho the continued improve mont in tho the banking situation TI tho I 1 0 return now flow of gold reduction in circulation when money in circulation cu lation la Is unusually high 11 moans means widespread hoarding ind and la is of course an unfavorable sign find decline in borrowings from tho the federal reserve have been little short of sensational hanks danks which were kept closel titter after tho the holl days or operated on a restricted strict ed basis are reopening in all parts of the country in ton days ended march 25 national banks with in deposits had been reorganized or strengthened so ao that they could reopen their doors bankers urn are preparing to meet meat revolutionary changes in practices these according cording ne to present indications cat ions will have hava two main phases first the separation of banking functions by divorcing investment and trust banking from commercial banking second unifying of commercial banking under tinder a a national system either cither through forcing all banks into the federal rosorio or by legislating state banks out of exist existence eneo dulk bulk of loading bankers are favorable to those proposals in accord with president dont roose volts habit of doing tho the exception nl lg 19 his calling ot of the leaders 0 the principal powers to washing ton 0 invitations have been sent bent hitler mussolini At mcdonald cDonald and the presidents and premiers flers 0 franco france china japan brazil and other countries others it Is said will follow later subject will be world recovery and international COOPe cooperation Tation for it the representatives of tho the governments Rovern ments wilt will not told hold roundtable round table disc its stone slona they will ilk ik separately with mr roosevelt evolt importance of korll trade was the subject of a statement by secretary which at once followed tho the presidential announcement ile he said it Is high time to call a halt to existing world tariff poll cles pointed to the fact that americas share of the world trade that thal had been lost in the falter few years totals about a volume of business which means the difference between depression and comparative compart comp artive lye prosperity the industrial picture Is mixed Ilo however wever it Is much improved over what it was a few months ago consequences of the legalization of beer retail trade Is improving during a recent weak electric power production made tile the most favorable comparison with 1932 for some time during the last few days of march and early april a definite sales upturn in tho the automobile industry was registered the industry sew this as an indication of a normal month during april now that banking difficulties havo have al ready reflected in substantial gains in steel ingot production on the black side bide Is s the gradual shutting down of american copper mines indeed when this la is read there may not bo be a single one in production producers are simply unable to operate at present price levels it Is believed that a temporary complete shutdown would improve the picture the railroads net profit Is appreciably preci ably below the ahe 1932 level which was extremely low much hope Is placed in the working out of tile the administrations railroad program |