The Birmingham age-herald., 1924-02-29
IT. T trial ~ Grows
 lso Sufve Of Dis- } ttict Shows
EXIzAlVIA EXC XCErTI0NI YS RESERVE BANK
lQuI1ber Of WoelEers Increasel
 ll1ny Induntrlll Piants
l1zE AMAZON FOR CROP
 SEASON F UNDER WAs
IT HIT Pel Y IT INslIlS Cilies -Eqsal To IhoSe Issaed
 Tn Janusry, 1923

ATLANTA, 0ss BSb - Althoush aIo aater4al e1 n i'm 6l1asntsl su1' altiv6f n m Reservs diserjsl sIfs hd(<x TIT 3ahu6ry. the. voluAde ak fsa5e Fl l6le, MS sreetsr iSz IT Y za1Is nonth ii 1o28 acc51dinu te lks not1t1 1ly L " s FssSisw Issusd E by fke AtlAnta I,xdsfal neserse bani witch was made public today.
 Department stores sales in January showed m increase of six per cent oysr January, 1923, but sales were loN1>r than in December because of the f1( (IdAS bnsinees during that month. II z MI A}so pointed out that weather con. < 6ltf0n8 during January adverse1y af- f1ctcd both wh01asnle md rStxil trade
 Eca1e unemplo} }nelit WIS reported but, 9eherA1ly, the ineustsi11 activity increased and numbdrs Of workers were added to the rolls of the p1ants In thii distftrt most of which o6cfated on full time, the review stated
 Bavlnss DepS6f1s Grew
 SAyipes deposits at the end Of Janu. arr Hafo l1eSxly efShf bSr cent hi 1hef than 1t the sarte tine last year, al thongh they were sllfhtly lower than in the preceding month Cash reser+e1 of the Federal Reserve hank increased materially hstWeen the middle of 1n11u- ary and tho middle of February, While notes in circuiAtfoA, and bills dlscount- ed, 6howed a decrease
 Mills manufacturing cotton xarns cloth and hosiery, all showed ' sub stantinl recovery in output ox@f the preceding month, it wae ataf fed.
 Retail sales in every city of t6e Sfxth Federal He6erye dfsfrict with tHS ex. eeptiop of Atlanta, were 1ax6er thau h Janu6ry last year. The voIu7p8 of wholesale trade, on the whole, x&e slso considerably larger than in che ptscel- @s esse 6s9'ai f..p.r..lsas rr.sr.ssiax
 tep6 tatipll for tlie epptoN chinx crop sesiQn {i4 we]i Jln ndefHtAy n eonS 4arts of tl'S ixtfics, altbouf nh so5ie sec- menfk; h6S b<1l audi as to prevent field work. fndications point to the planting of { rather large acreage in cotton and 1t appears that the 1924 acreage win exceed that of last year, it was reported. fssf
 As to the lumber industry, the re view said: While production of southern pine lumber has ranged be. tween S5 and 91 per cent normal during the past four or five weeks, the volume of orders received by the mills during the early weeks of the new year ex- cesded their normal production in sew eral instances.''
 Building Permits Unchanged
 The value of building permits issued in twenty cities of the district showed net change of less than one-half of , one per cent compared to the figures for January, 1928. Some cities, how ever, reported substantial increases over that period, it was stated.
 Increase in the consumption of cotton in the cotton growing states is indicated in the reports of mills throughout the district. Production of cotton cloth ! in January was 29.l per cent greater than in December and 8.7 per cent lar ger than in January, 1923.
 A further decline in the volume of loans and discounts and a consequent reanction in the volume of rediscounts with the Federal Reserve bank, are in- dicated in reports of member banks in selected cities of the district, it was shown. Some of the banks reported that their country bank correspondents are withdrawing funds to lend to their customers in order that fertilizer may be bought for cash instead of for higher prices on credit. according to the Z review 4sg