Daily Picture Of What's Going On In National Affairs. Northwest History. State History. Box 37. National Topics.

Daily Picture Of What's Going On In National Affairs. Northwest History. State History. Box 37. National Topics.

The Spokane Press

9/30/35

Daily Picture Of What's Going On In National Affairs.; inside! the News I DAILY PICTURE OF WHAT'S GOING ON IN NATIONAL AFFAIRS. September was slightly disappointing to New Deal economists scanning the skies for signs of black billows of factory smoke. It maintained the momentum which got under way in late spring, ail index figures revealing ino activity. But it did not skyrocket as doped out by insiders. There are some compensation:. however. While employment in the ■ non-durable goods industries' remained stationary at 94.0 pos sibly a bit. above that, the heavy industries began to turn over, gain- ins: perhaps 4 or 5 points over the July figure. Employment in- key spots as iron and steel, lumber, plumbers' supplies, farm implements, and especially machine iniiarly sensitive barometer, was down to 7 on the chart in March of 11*33. Now it stands at about 127, which is tops since the best years of the boom. It hit 186 in Textiles and apparel for both sexes kept on the climb. Improvement In all these fields indicate that at last recovery is beginning to take where it counts. The paralyzed giant of private capital may be waking up. ] charts leave no room for guessing. With 1923-1925 representing 100 except for wholesale prices, which j are based on the 1926 standard,

the following table tells how we're Industrial Production Per cent. September, 1934 73 July-August, 1935 86 September (estimate) 88.5 Factory Employment Per cent- September, 1934 73.9 July, 1935 79X August, 1935 ., - 81.7 September, 1935, estimate.. 82.1 Factory Payrolls Per c September, 1934 5 July, 1935 65.3 August, 1935 69.7 September, 1935, estimate.. 70 Wholesale Farm Prices New Dealers knit their political brows over one drawback in all this improvement. It warns of problems which may persist in spite of fairly substantial recovery. Although industrial production has increased by 13.5 points in a year, employment has jumped less than 4 points in the same period, and total payrolls by only 7.8. What this means is that improved industrial efficiency permits fewer workers to turn out a larger ' volume of goods. Economists have I guessed and second-guessed at the September, 1934 . July, 1935 August, 1935 September, 1935, estimate.. 80.5 Cost of Living Per cen . September, 1934 . July, 1935 82.6 August. 1935 83 September, 1935, estimate.. 83.3 Doubt that Cordell Hull will trj to rctutrn to the senate next year j —there are practical difficulties--- they have sensed that he has been unhappy as secretary of state. And it isn't only that he longs for the life of a legislator. Mr. Hull has been unable bring any of his pet policic fruition. Unsettled world conditions have stymied him in i _ tiating reciprocal tariff treaties o a grand scale. Except for Belgium, we have got nowhere with the larger nations. He can't take the preliminary step to enlarge ment of world trade — c stalibilzation. Congress paid heed to his cautious words against hastily written munitions legislation. The swish of the big stick as President Roosevelt cracked down on Russia did not make t pleasant sound i With dictators bossing a large portion of the globe, Mr. Hull is too much of a gentleman to r—

Economists

Billows

Activity

Compensation

Industries

Supplies

Machine

Capital

Improvement

Production

Political

Efficiency

Taxes

Expenditures

Legislator

Policies

Reciprocal

Preliminary

Munitions

Dictators

Diplomatic

Northwest, Pacific -- History -- 20th Century

United States -- State History -- National Topics -- Northwest, Pacific

Northwest Digital Heritage

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