Show TRADE FIGURES FOR WEEK GOOD Car Loadings Heavy With Roads Showing Big Earnings B By Dy BYRON DYRON CopyrIght 1928 1 92 2 NEW YORK Jun Juno June 9 All All the I R evidence e goe to shOW I that business men the th country over ct 1111 d largely l recovered from the timidity Induced by the th flood ot at earnings against ovel o expansion There 18 1 no doubt that th t the tho th warn warn- warnIng warn warn-Inic Ing In business from both official R Mid nd unofficial sources was over over- overdone overdone overdone done With Ith W ith the th experience ot of o two cars ago aco fresh freshly I In mind busIness bu Interests were ere ere quick to alarm In tad fact act than thin actual condi condi- conditions conditions conditions justified Both sides aides recognize that now There ne neier neer er was sas as any ny real ral similar similar- Iti It between een the th genuine reco ery In 1923 and the th reckless duplica- duplica duplication Uon duplica-Uon lion tion of ot orders ordera and bidding up of Ices which preceded the collapse of 1921 Then frozen credits ere almost Now ow there la Is an sog abundance with sIth Ith the I facilities with the red red- elal eai system hardly touch touch- ed How tar f r the recent reaction re I better hesitation went vent cannot be told development Is thit t the tha present disposition Is I 1 to togo togo toCO go ahead with Ith confidence con mixed ith caution Trade Trad statistics ot of otI I the he week nek are r surprisingly good For the th first tint time tim this ear ca loadings rs passed the th million mark muk m I CREASED tore Moro still tUll Is the th fact t that the th total for tor the th week ending stay 26 th the latest for tor which re returns re- re returns returns turns are re a a has hes been ben stir sur- surpassed sur surpassed passed only talco t In Ur Uto history ot of the th country countr The IncreAse A tas especially noticeable In the th load load- load luti lugs logs of ot tho the merchandise and mis- mis miscellaneous miscellaneoUs ml freight it 1 generally g a ac- ac ac as an accurate ae Indication ot of othe the he general trend of at business Incident with the tir car loadings returns and earnings statements showing that Aprils April's net operating Income on on the th class one on railroads represents a return on an n annual basis of six and a halt half per cent ot of the Intel stAte commerce tents tents- tue tenta-tue tl use tle e This ThI Is the th high high- highest highest hit est est return earned In any month the passage of ot the transportation transportation transportation tation act The Th record of motor vehicle pro pro- production pro production for May tells tell the same story Inasmuch h ns as a the th first four months of ot the th year had made mad new It that hIgh h figures fit lias nas expected there bo ho a falling falling- off In May Such ass as not the case cue On the contrary total production of cars and trucks to Ute the th amount ot of was sas sit sic sl pe per cent In excess of at April and 69 per cent more mor thanIn In Maya May a year ago o STEEL AT PEAK In the tho th steel trade the tle th present high rate rat of ot production has ap- ap apparently ap apparently reached the th peak and or- or orders orders or orders ders on the th books book are ar so largo large that no treat great increase Is expected for tor forsom some tim time Th The New York Cen Con Central Central Contral however howe err has lust just placed one of the tho th largest est rail orders order of the sear eAr amounting to tons tour four steel companies sharing In the s Now all these thue thes statistics do not notre re eal the th position of the tho th ultimate consumers consumer but on tho other othel hand there thero Is nothing to indicate nn any lack of ot bu Ing PO power poster er en here en Een with the agricultural ac population population lation there ther Is great creat ement tand and less Is heard about tho the lack of adjustment bet between een the price of the product the th farmer has ha to sell and the th price pric of the goods he must buy There Is practically no unemployment unemployment unemployment any any here ihre and good wages always Increase demands on the retailer E Even Esen en the th mO ement mo to halt buildIng construction be- be because because cause bo-cause cause of the th high coat cost of ot labor and material does doe not received today the emphasis of a week ago GAIN The Th banking condition continues much as last lut week Gold reser es show sho another gain rain and the econ econ- econ econ- economists economists stilt atm till busy devising devising- more o a oless less schemes to pre pret ent this stir stir- sur surplus plus becoming a menace It ought not be b made mad the th basis of a further extension of ot credit they say It may be they are worrying unnecessarily although It Is hu- hu human human hu human man nature when apparent profits are aro In sight alf to use the th quIckest method of garnering f them Bus Bus- BusIness Business iness Incas men generally are ar disposed to regard ard all this as an academic matter matler for tor the th present Turning to conditions abroad the Immediate situation Is cry ery ery con con- confusing con confusing fusing The French are ar not In- In Inclined In Inclined dined to ac accept ept the tho th new nw German otter offer and thern the tho foreign exchange market docs does not point to any near agreement 1 Iho Tho ho best that can be b bald kald Is that the tha way Is still open for or negotiations and the tho British |