Industrial notes

Building Recovery Here? — The much needed recovery in residential building, believed by observers as necessary to support the wide gains in business generally, is here, according to a late report of F. W. Dodge Corp., New York. For the first 9 months of 1936 this class of construction totaled 23 per cent more than was reported for the entire year 1935. The full year 1936 promises to reach a volume three times the size shown for either 1933 or 1934 the low-points of the depression. The volume of residential building in the 37 eastern states during the first 9 months of 1936 amounted to $588,030,600 as against only $338,907,500 for the same 9 months of 1935, a gain of 73 per cent.