The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1927-02-03
RE I ALL TRADE
BOOM SEEN
By RTCHARn HATTnN

- 80 OAAfA4A0 1AkAA4ON
Retail trade throughout the
United States during the first siS
months Of 1927 will be fully equal
% the enormous volume piled UT
curing the corresponding period OF
tast year, according to the annual
sales and credit analysis Of the
5rookmire Economic Service, Inc.
Inis is indicated, says the survey,
oy the carry-oVer purchasing power
q the form Of savings banks de.
posts.
Prospects are, however, that 1927
may see some slight reduction in
total income from the high mark
Of over 70 billion dollars for 1925,
although the consumer demand for
merchandise is expected to hold up
relatively well.
Mercantile credit conditions are
sound Tor the most par. az inYen.
tories are moderate and cash posi-
ton of customers fair to good in
most sections. Conditions are some.
what unsatisfactory in certain
parts of the cotton belt and the
northwestern wheat belt and in
other sections where the cumulative
effect Of past initiation stu leaves
Local banks in weakened conditions.
The Eastern manufacturing sec
ton recorded the greatest gain in
estimated income in the country,
with q total Of $23, 900. 600. 900. or a
gain Of IN per cent over 1925.
Others In order were: Central Manu-
factUring Section. $4,000 900 900. a
per cent Increase: West Central
Agricultural Section. $4,000. 100000,
no gain: Southeast Agricultural Sec
ton, $500 900 COO, no gain: New
England. $500. 900. 900. an increase
OF per cent: Pacific Coast Section.
$4,000, 200, 900. e decrease of $780,
600. 900: Rocky Mountain Section.
81, 400. 900, 900. q per cent increase
A new weekly newspaper has
made Its appearance In Washington
and back of it is one of the most
progressive bank presidents OF the
city.
y The new publication. The Citizen
Or. to give II its proper caption. I'll
Ctttadino," is published once a week
under the editorship of President
Joseph Schiayone. of the Interna.
ttonal Exchange Bank. The paper
IL the outgrowth Of President Schia.
yone's successful publication Of the
Bullettino Finanziaro. which was
originally monthly publication.
The demand for the paper. which
was printed In Italian. was so great
that bi-monthly issue was adopted.
This not meeting the increasing
demand. President Schiavone decid.
ed to print an edition once each
week.
The offices Of the Citizen are in
the International Exchange Bank
Building, at the corner of Fifth and
n streets Northwest, and the paper
ia issued every Saturday. In add
ton to President Schiavone as editor
IN chief, the staff consists Of Michele
g. Strizzi, associate editor, and
Pierre Baldaccy, business manager.
The Federal Reserve Board has
computed new index Of industrial
production, which Is presented in
the February issue of the Federal
Reserve Bulletin. The new index
MI hanceforth be given on this
Stt4eu1ent in place Of the index Of
promotion in basic industries, which
Will not be computed for any month
subsequent to December, 1928,
Copies Of this statement. which is
issued regularly about the first of
each month, will be sent to any who
may be interested upon request to
the division Of research and statistics
Of the Federal Reserve Board.
Taking advantage Of the most
favorable investment market for
many months. 833 States and mu'
inequalities disposed Of bond issues
aggregating $16S.711,693 in January.
This IL the largest monthly total re-
corded since December, 1925, accord
ing to the Daily Bond Buyer, Of
New York.