TRADE BRIGHTER

Hokitika Guardian, 23 May 1933, Page 5

TRADE BRIGHTER

U.S. DEPRESSION LIFTING

RISE IN PRICES EXPERIENCED

'United Presr, Association—Dy Electric Telegraph—Copyright.)

NEW YORK, May -21. For the first time since the depression began, the United' States h,as enjoyed an uninterrupted two months of advances 'in business ’and commerce, thereby stimulating cheerfuAleSg and ■confidence that the domestic and .international problems still pending are adjustable. The country’s steel activities -are .approaching' forty per “cent. o.f, capacity. The car loadings- continue /rising. (Building operations a'r e increasing.

For commodities the wholesale prices have risen on the average by 12 pet cent. Individual items like wheat have risen fifty per cent., wool fifty per ceilt.) a tod sugar twenty per gent.

For farm commodities, prices have been rising four times fester than for mon-agrieultural products, thug. 1 reversing the trend that had existed- for years between the goods that the farmer sells and those that he buys. Government figures show one and three-fiths per cent, of a-n employment gain in April.