OCR Text |
Show STEADY PROGRESS TO ! NORMAL CONDITIONS Dun's Review has tho following to nay of tho week closing Sob. 25th: "Though progress toward normal condition con-dition or business activity Is slow, Is steady. In this progress tho lion and steel trade Is taking tho Ieud, and Its gain Is so notable as to promlso well for tho other branches of Industry. Indus-try. Tho percentage of production to capacity Is continually Increasing and tho evidences of expansion, not only In finished products but In pig Iron, multiply In' such a way as to have a j iavorablo effect on business sentiment The important rato decisions bring to an end a period of uncertainty that has prevailed slnco tho spring of 1910. Whllo these favor manufacturers and merchants In all sections of tho country, coun-try, except tho southwest, and may result re-sult in a temporary curtailment of railroad Improvement nnd oxtonslon, their final outcome should be an expansion ex-pansion of Industrial and mercantile uctlvlty beneficial to carriers and Bhlppers alike. The conditions for both cotton and winter wheat crops are favorable, especially since tho heavy rainfall In tho south and southwest Tho recent readjustments in prlceB ot Important food products, tho change for tho better In the foreign trade, tho easier conditions In the money market, and the nctfvo outlook for building operations servo nlso to lucre lu-cre aso tho more optimistic feeling which prevails, in splto of tho fact that some of tho factors that have retarded re-tarded business have not yet been removed. re-moved. In tho dry goods trade, whllo the expansion Is not so pronounced as In Iron and steel, and whllo conservatism conserva-tism as the result of tho high costs o! production continues, yet thero Is an Increase In transactions, and thero Is no heavy surplus Btock to cause pro-longuo pro-longuo depression. |