Show BUSINESS ON INCREASE were Three months month ago aKO there doubtful expressions as to The trend liend or of o business Two or three financial l authorities saw a slowing slow slow- slowIng slow las Ing down and one one one ot of o them hem sounded sound sound- sounded Bounded ed a a doleful note Dote Since the first fint ot of the year not one ot of the writers has haa lolled failed to 10 admit that business than has been at a Il higher level expected and a greater volume of o trade Is being beinE experienced than had been anticipated Henry Clews to Its and company In n Its letter clients has discovered encouraging evidence ot or a tremendously wen well sustained momentum in business busine and offers otters the following explanation tion Parlous returns return which are to hand for tor the 12 mouths that busi busl business business of 1926 now indicate ness lieU In la general Is lit t an even eYen sup sup higher level leye than had bad been posed up-posed posed Among these Is the the the fact that chain store s lilies ales le amounted amounted to In in- in 1 1926 2 or OJ or an In in- In- In increase Increase crease of o It per cent with the prospects prospect fa oring still further en en- enlargement enlargement in the near future Mail order houses also report the larg larg- largest lar largest est eat business In their their history while most mOlt other business In Indexes for tor the complete year show show advances over 1923 varying from froma a small per cent up to 40 or 50 per cent enlargement Production of automobiles during the year car Is is isnow Isnow now shown to hUG have been been- about vehicles lith p n whole whole- wholesale wholesale hole sale value of o considerably above 0 Most fost recent fore fore- forecasts forecasts casts point not only to the main main- maintenance maintenance of ot tully fully a U as high levels forthe for forthe thi the coming season but some in- in increase in increase crease even It U only a small one ill in most lines It is the latest apparent consensus of o the best belt Informed business opinion that such changes as a may occur will willbe hI be changes la In relative importance or of different elements of output rather rather than In total such altera altera- alterations alterations corresponding to the shift shift- ing log of ot demand within the various trades trade Preliminary figures for fora a aggregate export trade of ot the country which have suet lust been pub pub- published published Indicate a total Including exports and Imports import or of o about 9 or more for 1926 with fresh growth Indicated In these circumstances and with no ration cation whatever of ot general reaction Ion tion ion in any direction underlyIng distinctly dis- dis distinctly dis distinctly conditions must be Judged sound and able to hold their own |