Show cily B INK REPORT 10 the opening of the new year has brought a spotty improvement pro in some of the industries and commodity markets but nothing like a general forward movement or revival after four months or moie mole of sharp cu cl bailment tail ment many distributors have come back into the market to fill stocks and manufacturers have moderately increased tl ur tir purchases pui pul chases of materials however the improvement is limited the situation is bound to be full of irregularities and con ra dictions at this stage in general the improvement in buying 0 has not warranted an increase in industrial output the automobile situation is not encouraging cou raging prices are stable but sentiment is conservative it is toot hot the factory owners who determine employment it is the economic system those who are resisting the necessity for adjustments and whose lack of understanding and cooperation makes cost and prices inflexible are holding back recovery however excessive loses liquidated at once would bring on a major panic it is the hope of all businessmen to eseo ape themselves from great loss taking escape themselves from great less taking money remains easy in the market |