Show ECONOMIC highlights so industrial news review yes business is better and the curve is holding stubbornly to its upward trend Mal nitty of 0 the jump Is still the automobile indu spectacular recovery and lar is the word every fresh report coming from the motor centers is more last unfilled orders tor for boti bota trucks and cars are zooming ford and cengr general motors alone are reported to ll 11 bi at a quarter of a million orders behind and other industries are racing along with elie auto mabers in the department stores according to the last announcement the cash registers are ringing merrily with an ah average national gain ot of 25 per cent in dollar volume over last year the chemical industries which survived 1933 in good shape are continuing their advance now with glass textiles paper etc finding good markets and stable prices the most recent department of commerce survey shows steel out put higher business activity better commodity prices on the rise stock land and bond prices up and general betterment all along the line discontinuance ot of which has employed people in eluding teachers artists street cleaners insect eliminators a poet or two and every possible classification of 0 worker wor kerla is beginning and will naturally react orally on business but leaders hope for tho the best and bat Is more seem really to expect it 0 1 the most remarkable thing about the present congress is its lack ot of remarkableness before it convened the prediction was that it ft would simply he be an echo of the president etli fill possibly a tew few false notes to add interest nineteen thirty tour our Is after all the year in which all the representatives run for or reelection election re and normally there would be a lot ot of political fence enca building done in both houses but congress has been even more ot of EL a rubber stamp than was forecast the republican party has made only sporadic attempts to prepare for or elections it has IRS rio no general program no outstanding national leader no unanimity ot of opinion among its in members embers A large percentage ot republicans in both houses vote w with ith the president the meaning of 0 all this ot of course is thit that most senators Sc natora and representatives senta tives believe that the new real ceal taking it as a whole still his haa the confidence Is still popular they believe that to oppose it lif alf a I 1 strenuous way I 1 la the equi equivalent va I 1 of 0 political suicide eu icide altho although lug practically all tile the republicans out ou elde of 0 the insurgent wing many of 0 the democrats tear fear it it being carried to tar so money is a strange article the economist figures out what toils this or that monetary policy w will do and when it is put into effect results are apt to be diametrically different that Is true to an extent ot of tile roosevelt 59 cent dollar reason tor for creating it was to boost corn com modify markets and strengthen the american position in foreign trade As aa soon as mr roosevelt signed tile the bill fireworks started in the stock and bond markets activity was heaviest in many months with shares changing hands at a dizzying rate prices were generally up but the commodity market did not leach accordingly and across the water the pound started to depreciate taster faster than the dollar in london a dollar was still worth result ot of that was that banks could buy gold there tor for 31 34 ship it to washington and sell it tor for 35 a profit of 3 per cent in a week at last reports the fast liners for america were solidly booked with gold freight tor for more than two weeks in advance much of the worlds supply of gold came out ot of the treasuries ot of holland belgium switzerland and italy to the united states state france sent most ot of all 0 00 02 0 francs worth this ts Is exactly what the treasury wants so long as gold flows into the country there will be no difficulty in the dollars exchange value down there is danger that france however will prohibit gold exports in that thai case the american treasur treasury Y will have to sell dollars to keep their value down precisely as stock manipulators throw great blocks of 0 shares on the open market to depreciate pre preci clato ate their value but the burning problem ot of lethargic commodity markets remains to be solved |