Show economic highlights j i g that effect the dinner 11 pails ails dividend checks and tax bills of every individual during the years from 1930 to 1934 there was no sadder reading than the business and financial magazines they were full of a news and practically all ot of the news was bad their charts of business activity were lower than a snakes belly as the he slang phrase has it and at one time in the lummer and tail fall ot of 1932 the curve just about went oft off the bottom ot of the page while we arent experiencing a boom today and while there are plenty ot of dark spots in the picture notably the undiminished unemployed total comparatively speaking there is optimism in business reports even the new tax bill though business leaders regard it as a monstrosity is more or less obscured by good industrial news A survey ot of the leading business publications licati ons shows that the best barometers when the usual seasonal adjustment Is made are still on oil the rise leading industries are doing better than was anticipated to the summer period and seem to be looking forward with confidence to great improvement in the fall Con census ot of opinion is that the tha old bogy of an election year bein being a bad business year is outa out polities politics is naturally a factor in business but it will be a minor factor this year according to many of abil experts there are obvious reasons for that here are some items of interest briefed aarom business week wall street journal government reports and other sources FARM MACHINERY sales for the first half of the year were vese since 1930 and companies showed good net as well as gross earn earli figs the tractor is the outstanding sales producer in this field with principal demand being shown for small size machines future outlook Is encouraging cou raging as it is believed 1836 farm income will be the best since depression started MOTORS this industry has lipen the roost most active of 0 all in tile the last two years Is still going ahead two me members m hers of the big three chrysler and general motors are looking forward to the bl best est profit per lods in their eventful history demand for both trucks and cars holds up extremely well and no signs of saturation can call be seen related industries tires batter batteries fes other equipment are naturally pros continued to back page ECONOMIC highlights continued from first page along will the car builders RAILROADS this industry ionti establishing any records so tor for as aa making money is concerned but 13 13 showing allowing betterment that Is reflect pd ed in stimulated railroad buying the first five months of this year freight relight car purchases were in excess of the entire year of 1935 biggest beneficiary from railroad pur chasing is steel residential con tracts are tiu 60 per cent anedis ot of the same period last laal year non cong construction also aiso has lin im proved future outlook encouraging JtB TAIL TitA ru AUri iii Busi business nebs wee vee says mat a nui niler 0 of mall ordes und and chiala flaws woke all sales records for ane of 0 ilay alay tins this year atar principal progress in me knain beld field has own made by tile variety ca bailius ilius anich report a 15 per cent gain for the dinst live 1 months or of 1936 over ane same per iod lit in 1935 as compared with a 3 per cent advance lor all chains in retailers also are oolong well STEEL lias has passed 70 per cent ot of capacity and hite alice so many industries is more active than at any limu dinu since 1930 outlook Is good wim wila large jarge orders from motors railroads utilities and others anticipated TEXTILES sales have been increasing cre ing with orders ahead of production this is 13 opposed to seasonal experience inasmuch as early fall is usually the best period tor for conon goods reason for tile the change is ascribed to low inventories Invent olies on oil the part ol of merchants resulting in a rust husn to build up their depleted stocks and so it goes all down the business line big summer boost to business is going to follow the bonus payment a fact that has to ile be admitted whether you regard tins the donus as being justified or as an organized lobby victory total onus payment comes to 2000 JOO but veterans vet erana will not gei ga all this inasmuch as the bulk ot ol them had borrowed on their certificates fi cates but baah payment will exceed a billion dollars and it is estimated that 70 per cent of that will be spent practically at once with only 30 per cent being held as savings real estate firms automobile makers and all manner of retail goods businesses are prospering as the baby bonds are cashed and dis aured so to some extent are the lele leeches elles who sell worthless property gilld cat stocks etc various able concerns seeking to protect veterans from such crooks have run newspaper adds urging banns recipients to hang onto their bonis bon Is whenever possible industrial news review |