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Show BUSINESS PICKS UP EVERYWHERE EASTERN BUSINESS MEN DE-CLARE DE-CLARE WINTER .WILL .SEE MANY INDUSTRIAL'dHANQES New York Bankers Very Optimistic Over Buslness-'CondTtlons; FU " nances Becoming Moro Liberal As Time Pascca .On Now York IltialnesK Is liegliinliiK to pick up In nearly every Important in-diiHtryMnwIy in-diiHtryMnwIy but surely. This is the coin letlon or leading New York banker, based on reports from every part or the country. iinprmeiucnt is partly due to tho Usual lull picking up. ltut ll ulso appears cerlaln that general hiis'.iiess began u definite upward climb July 18, ' when (he steel Industry bit bottom und itnrted crmvllng out ot the depths. ltvcovery will not ho rapid, experts igrce. lliislnoss ileprexslou started In .May, I01W, with the collapse or the sIIk mur-kcf. mur-kcf. The collapse rapidly spread to other Industries. Hard times have last-ed last-ed lx(6eii montli,. The end llnally sceniH In sight. In the leading Industrial centers itnoke-lR becoming thlckur over ihe mill Jlstrlcts. This uieatiH muehtiiery Is itartipg. Here nre three Indications Unit factory fac-tory activity Is gaining: Uno Manufacturer are Increasing their traveling Miles f on.es. The drum-niers drum-niers report a natloual conviction that "tilings are looking up" Stocks of goodii ure getilnj; low. Orders ure he Klunlng to ctiiue In. Two Sofi coal production has been :llniblng since August -M. Output wns only l.DiW.iHs) tons u day in early Ap-nlr- Now it Is around l,:ttK,tXW tons u rtujv Thret Uellners report thut stiles of luljrlciitliig nil unit fuel oil nre Increasing. Increas-ing. 'This means more machinery Is running. I'lg Iron production In August showed' show-ed' the llrst gain In ten months. It stilt Is low, but climbing steudlly. Trading In steel Is gaining. This Miows tluiE iiutoniublle makers untlcl-pate untlcl-pate growing hiislue. , ltullroads bujliig of steel Is unlet, nit Inquiries are big. The railroads liuve. it (reiiieiidous repair program dammed up, and steel leaders think tho ncxtbooiii will start wKTi a Hood of i railroad buying, I Trices lu the gleel Industry, nverag-cd, nverag-cd, show big drops: Average, llll.'l, j (3(1.111 a ton; 1017 (peak) ?lll.UI u ton; . September 1, 1I1, $18.71) a ton. Four out of every, (he freight curs on Anierlciin-rallroiids nro now hauling fright. Idle cars urn decreasing liea'dily. 1-ntest llgures on car loadings ure for week ended August 27, when railroads rail-roads Inudcd KiU.7(Ki cars with freight. For several weeks cur loadings bavo nteruged only 18 per cent less than the coiTospnudlng period of UUP, hu boom j ear. IttisluesM the country over now Is only 1.1 per cent below normal, according accord-ing lo a national survey by Seymor I. Andrews, chief slutlstlclaii of the Amerleaii Telephone und Telegraph couipaii). Thix shows biiHlnoHS Is getting out of the woods, for depression dues not biv-ome acute until business Is 17 per cent below normal. Two moutliM ago hiisliies wns olT 2.1 In 1(1 per cent. 1'nrcign trade gaining. For every 71 tons of exports in July, lllllt, the United Uni-ted State now Is exporting 11,'t tons, mis i'n federal reserve board's foreign for-eign li.ide Index. llraiNireei's agency reports thnt wholesale prices In August advanced nn the average for Ihe third successive , iiionlh. The gain has been slight. Dockii t mean any material price nd-vimie nd-vimie Is in prospect. Merely shows Hint manufacturers havo'enongh orders In siuhi that they feel safe lu sounding out the market. I Copper, ll(e most stagnant Industry, has a pickup (hut Is stiffening prices. llulhllug outlook Is bitter. Shipment Ship-ment of I'oitlaild ceuiPlie about (111 per cent iin big as a year ugo, Lumber trade on I'uclllc coast Improves, ulso olbei sections Thirteen uioro lumber mills opeiicii up In week ended August 27, lirli,i.'i-' total of operating mills to :i8!i , Fiirin outlook Impnivcs. f'otton pr'ce soars. II g wheat exports in Augum broke tho record or October, IIC'l). More li ii 1 1 half of ihe luonc) iccelved from loiul exports now. Is for farm products. ltuslpess Inllines, fitst week In Sep-tiMuber. Sep-tiMuber. only II 10, iiptlnsi !t!.l the week before. Hank clearings, climbing sieaiPly, now are more than twice us big art In 'nun. Ujiciiiploymcnt Is not us anile us it wits n month ugo. |