Show THE industrial SITUATION for tile the most part production product io and trade show continued lie hesitation in ill sonic 10 localities e however the volume of retail transactions allowance being beine made for the lower prices price equals or 11 exceeds that of the corresponding period last year apar appreciable eel i tf le improved im improvement provet nent is found also 10 1 0 ill in some lines of manufacturing those industries 9 which were among the firt to undergo readjustment tire are giving evidence of increased activity nevertheless it has become more clearly evident that the spurt of activity in some lines of production in tile the spring w was 18 merely of a seasonal character the expectation of in fin early upturn in business based upon lwon the belief that the increased production in these industries would be s sustained stained was not well foun founded it is doubtless it a good goodone one that the scope of the necessary in ind I 1 readi readjustment t is now better understood Thi improvement in underlying conditions upon which it a sustained revival of business must be bisel however continues continue wages ire are being further adjusted ad jus price declines are less legs ab runt all and the bases of credit are being further 1 ugh gb reductions in so called frozen loans loan and the of bank reserves accumulated stocks of goods in many lincy lilies mc ale al e being reduced affording tile the bases for larger production in ill the future |