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Show I BUSINESS PICKS I UPEMWE H M EAST CRN BUSINESS tAZU DE- H CLARE.. WINTER .WILL .SEE H MANY INDUSTRIAL CHANGES H New York Bankers Very Optimistic H Over Dullness Conditions; Fl. M nances Becoming More Liberal 1 As Time Passes On H New York IJusIucnh H beginning to H pick up In nearly every Important In- H dustry slowly but .surely. H Tills Is tlic conviction of lending Now H York hankers, bused on reports from H every part of the country. H improvement Is partly due it H the usual full picking up. Hut It also m appeal's certain that gilii-inl business H begun a definite upward climb .Inly 18, H when the steel Industry hit bottom anil H started crawling out of the depths. m Itccovery will not be rapid, experts H B JJuslnoss depression Htm led In May, H i)'M, with the collap.su or the silk niur. M kct. The collapse rupldly spread to H other industries, Hard times have last H ed fclxleeu niontlr,. The i-ml llnally M Becnis In slulit. H in the leading Industrial centers H smoko.ls becoming thicker over the mill M districts. This moans machinery Is H starting. H Here are three Indications that fac- H tory activity Is gaining: M One .Manufacturers are tni.rousing H their rn'Hlng sales forces. The drum- 1 niers icpuii n national conviction that H "things are looking up." Stocks of H goods-tire getting low. Orders are be. M ginning to couu In. 1 Two--Soft voal production has been H el. tubing since August 'M. Output was H only 1,000,000 tuns a day In early Ap- H rib Now It is around 1,.'JOO.OOO tons a H Three--IMinors report Unit sales of H lubricating oil and fuel oil aru lucrcas- m lug. (Tills means muru machinery Is B running. 1 1'ig Iron production in August sliow- M cd Un; Hist gain In ten months. It B btlll Is low, but climbing steadily. H Trading In steel Is gaining. This B rIiows tliat automobile makers nntlcl- H pate growing business. 1 ltnllroads buying o( steel Is quiet, m but Inquiries are big. The railroads B luivu a tremendous "repair prognim fl dammed up, and steel leuders think the 1 nextboom will start wltTl a Hood of B railroad buying. H 1' rices In fibs steel Industry, nverng- H cd, show big drops: Average, 1li;, H 10.10 it ton ; 1017 (peak) $01.01 a ton ; September 1, lillU, $18.71) n ton. H I' our out of every live freight cars H on American railroads are now hauling H f eight. Idle cars arc decreasing H Latest figures on car loadings nro H l'or week ended August 27, when ralj- M mads loadtnl 820,700 cars with freight. H l'or several weeks car loadings have H averaged only 18 per cent less than H the corresponding period of 1010, the m -boom year. H Business the country over now Is H only 15 per cent below normal, accord- H ' lag to n1 national survey by Scynior L. M Androws, chief statistician . of ' the H American Teleptiono and Telegraph H - company. H This Bhows business is getting out H - of tbo -woods, for depression dous not H -becorao acute until business Is 17 per H -cent below normal. Two months ago H business was off '25 to 40 per cent. H i Foreign trndo gaining. l'or every 71 H 'tons of exports In July. 10 1 If, the Unl- H ted Suilos now Is exporting IKI tons, H says tli federal reset ve board's for- H etgn trade Index. H MraiNireot's agency repojts that H wliotesule prices In August advanced H on the average for the third successive H month. The gain has been slight. H Uocsn t mean any material price iuU H viiuce Is In prospect. .Merely shows H Hint mauufneturers bavu enough orders H In sight thut they feel safe in sounding H market. H Copper, llu most stagnant Industry, H has n (ilrkut) that Is stiffening prices. H t .lliilldlng outlook Is better. Ship- B meiits of Portland cemene about Oil per B cent un big as a year ago, Lumber H tnidu on Tactile coast Improves, also H otiiei sections. Thirteen more lumber H mills opei.ed up In week ended August B 'JJ, bnit.(C!r mini of opeuitlnp mills H to H Fiu in outlook Improves. Cotton price H foars. ltig wheat exports in August H Jiroke the record of October, 1020. H JMore than lialf of the monej received H fro.n total exports now Is for farm B HuslncsA failures, first week In Sep- H temher. only Kill, against .'105 the week H ltank cleariugs. climbing steadll, H now are more than twice as big as In H H t'uemployment is not as acute as It H a month ago. |