The evening herald. (Klamath Falls, Or.) 1906-1942, 1922-12-02
INDUSTRIES OF
COAST BOOMING
Federal Reserve Agents Re-
port Shows Continued Ac-
tivities in all Lines

SAN FRANCISCO, Dee. DE
spite tho approach of winter and the
. rhorlnro oi freight cars In many
nUDllpWn. there was no Tluchrning In
industrial activity during October.
according ~ the report 81 John Per.
/ rim, San FrnnciHcO, Federal reserve
/ agent for the twelfth district, made
I public here today.
Mr.. PorrIn's report follows:
'liHnlis OF the district have finnn-
cod the harvesting and marketing Of
crops practically without aid OF the
. federal reserve bank Country mem
{ bcr banks actually reduced their
/ borrowings from the federal reserve
/ bank duriHE the month. city mem.
. bCr banks Increased their total loans
and discounts aud also their bor-
rowlnE8 from the federal rcroryc
bank. but the total OF their rcdIi-
counts on Nov. x, t2O,G52,OOo. was
less than 90 percent of what II was
. one year HrO.
"As result Of an Increase Of y
porrurt IN San francisco and de-
clinoS IN Los Angeles. and Seattle.
tho prevailing rate Of interest on
customers loans ls now practically
uniform ot ~ 10 g per cent In tn.
loadlHg financial ccntcrs Of the Pa
rii,r coast.
Production of lumber during
October was at record levels. Ship
mcnts were curtail"i by the car
shortage and mills wore reluctant
10 accept now orders. the prompt
shipment Of which would not be
promised,
Consumption ~ the principal
mineral products, Of the district con
iinucs to exceed present output and
stocks have boon or are being re-
duccd TO normal levels. Metal
prices have remained steady or have
advanced, the market for load and
zine being particularly active.
Production 81 petroleum In Cali
fornla al 5i3.Ss5 barrels per day
Increased ca pcr cent over the pre-
yinus record month ot September,
1879. chiefly duo TO flush output in
the mower fields AZ Santa Fc springs
and liuntlnRton Beach. Current
consumption also increased but way
less than produGtion. and storage
stocks rose 10 aT,5G9.S32 barrels On
Nov. /. 1879. compared with 3a.-
iiG.i5G barrels held on Soy. l.,
la22.
"rhc number ~ building permits
issued 90 20 principal cities during
Oc'. ipg1. waH l2,25i. a record for
tals district and au inoreaFr OF 1.o
percent over the number issued In
Oct. 1921.
employment conditions at the
beginning of The winter season are
reported to bc hcttcr than normal.
The usual seasonal decrease in the
dcmand for workers In outdoor ac-
,lyltloa has been largely offset by an
increased demand In other indus
tries
"priccs OF nearly all of the more
important agricultural products rose
during October and, despite the car
shortage, the moycme.t OF the dis
tricta crops to market was accoler-
atcd Tho general price level, as
shown. by the United States bureau
OF labor index number, which uses
1913 prices as 100. advanced from
i5S In September to l5i in October,
Reporting department stones in
this district enjoyed the best October
trade in, their history during the
past month The value of sales Of
SO stores was 1913 perccat greater
than In October 1921, Right of the
ten lines of Wholesale trade for
which sales figures are assembled,
showed an increase In the value of
sales In October, 1922. compared
with October, 1921,
III figures for San Francisco be
excluded, tho total of bank debts in
cities OF the district was
22,1 percent greater during october
1922. than during the corresponding
month n year GGo, Including the |
figures for San Francisco the same I,
comparison shows an Increase of
5,S percent.
business failures during the 7
month wero creator both In number