Show ABOUT THAT unemployment for the reaper by frank P L litschert itschert we have heard a great deal dur during ing the past few weeks about our alleged unemployment the charge has been made that our much vaunted prosperity is rapidly disappearing and that we are headid headed for the same kind of industrial slump the people of great britain and other european nations have undergone there can be no doubt that unemployment during the winter months was great greater cr than it has bas been for the past few years although naturally sonic some of the bear stories given out were political exaggerations now however with the approach of spring things have taken on a new and decidedly encouraging aspect according to the reports gathered by the department of labor while there is some unemployment the total is not nearly so large as some newspaper estimates have made it and tili situation is steadily imploring impi imp oving loving figures are given to show that there is is a general increase inci ease in employment in in neaily all of the large cities the trouble was not due to any one cause there has been sonic some decline in mining transportation etc from tile the peak and it is pointed out that some of the disturbance at least is due to the disastrous floods on the lower mississippi and in new england during the past two months ac chiding to the report of the federal reserve board business has shown unmistakable signs of improvement there has been an increase of approximately in reserve banks comi commercial loans which is always regarded as a healthy indication while loans and securities on investments m ants have been virtually at a standstill showing an increased flow u of f money into business channels and less movement of money into the speculative field there has also been an increased production and distribution of commodities production of in manufacturers in february shows a three per cent increase over january and a two per cent in increase inci clease casc over a year ago the leport adds that factory em and payrolls showed a seasonal increase although the figures were still lower than a year ago but the output of ilon steel automobiles and agricultural implements has increased materially since bince the first of the year sales of wholesale firms were larger than a year ago while sales of department stores were in in about the same volume car loadings are steadily increasing although still in in lower volume than a year ago owing to the smaller shipments of coal most significant of all however in showing the real property of the united states is the report showing that during the year 1927 the american people supplied of new capital for enterprises both at home and abroad this is the greatest record of the kind of any year since the world war and is th ebest answer to the wails of the pessimists as to the plesent condition of the united states and their assertions that this is bound to be a bad briness year because it is is a presidential dennial year during the year 1927 there was also an increase of in bank deposits and sa savings ings accounts and it is to be remembered that this report does not include building associations or banks outside the federal reserve system the principal lesson to be drawn from the lenoit is that this is a poor time to play pessimist in spite of the fact that it is a presidential year the principal calamity howlers bowlers ale aie those who expect to make some sort of capital political or otherwise out of the situation and they do not hesitate ate to exaggerate an interesting illustration of this is the statement given out sonic some time ago that from to people were ere out of work in the city of baltimore yet the survey ey of the department of labor showed that the actual unemployment figures were only a little more than and that the situation is getting better in baltimore as well as elsewhere american policies will win in 1928 just as they did in 1927 when they fail there will not be much to look forward to |