Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1927-12-25
IN
NOVEMBER
SLICHTLYOFF
Marked Pickup Noted
In Early December
By Observes of u. 5.
Chamber

By Observes of u. 5.
Chamber
WASHINGTON. Dec. 21-N0yem-
hmr wnR Mao1ker autumn month tn
whleh business activity fell below ex-
peet1nenAs ssy Frank Greene in his
meafEiy review e. business cgndi-
tess - Matters Business Magazine,
FuhAiske1 - the Chamber Of tom-
meres Of the United States. Produc-
Tea IN mozE Of the heavy industries
1eA b&4ow a year aRo, whlle weather
rene ems haG a caterrlng influence
CO 9aL trace
Th@ early days e De>enber." M
1Feeas says, saw . rather marked
Ea<&Ep 20 ssme lines, notably IN the
agtenokiie industry AID holiday
bsy4nR Whirk later VAS perhaps more
fAEs ordinarily stimulated by the
nasu rather earlier than usual Of the
E&xEr a. push Christmas shopping
Larry DrefrheF witnessed the ap-
Fecrn1ce n tire loEg-1Wafted Ford.
shH feeBed 20 have IN important
psErkcl1K.cai effect on the industry
a. q wEplr. and certainly released a
Eeiam- ~ harkec-pp buying q cars
an1 rsr mEterizL
-Asriier Conclusions based parti-
eDlNsig On the events e. the Last half
81 Ere yezF. however. stand a. here
fofsre indicated; fhat AgfhAt 1927, In
maEy lines Of distribution probably.
AnG r. heavy Industries certainly. will
me- ~mbeEsgre ID 20 the TOW generally
~rcEre1ec peak year 1876
FsFn Prices Improve
As imporLznt feature fr0m q trade
= Industrial standpoint. noted
earlier Ia Lhe year, hit increasingly
es40ent II November and December
@ss tbe humber of mergers. present
and prospective announced. 10 many
th4a "a a marked recognition of the
1nct that 1877 has proved a year Of
Aeen ~cDmpettion Tor business. prob
ally win q majority Of concerns
g~erortAR leEsened returns or capital
invested.
yleNed from the standpoint of
1EssE4Lse ceEeIopnents, the agrlcul-
6Er4I Interests and traders dependent
upon thezn ct = rather better fig
are thzn id tire industrial element.
Ihis Nas due mainly 70 the higher
range 81 prices 81 farm products as
oesnFayad Mlth q year ago, and the
larKer-thAH-eHperted yields Of key
rreps such a. wheat. corn, cotton,
Hef&10ef. etr.
-The course az heavy industries
IN the month just closed. Is perhaps
beet fhcmn % the decreases from
November q year 4 Of 81 per cent
~ AsEmsrous coal output. Of 7 per
ma - - - - wawa
AZ FK iron. 81 rs per rent in steel
snEots. and ef - rent IN building
p~rmit values.
Commsdify Prices Up
~DFer against these are 70 be set
q gain ~ 20 per rent IN cement pro-
dBcfIan nBd . slight gain IN lumber
nhipuelts. Returns available fer
moAfhs srerediag November, mostly
Ortshrr. "a ether industries display
q decrease II - per cent In aHtomO-
1iss ugfput and q IS per cent in tire
probation. against which are TO be
notea a gain Of - per cent in cotton
consumption. 8 per rent IN output 81
electricity. . per cent increase In
gasoline oufpgt. a neg high level for
fhat HoufE. and an increase IN public
u1iiaF gross earniaRB II 8 per cent
-BIEineEs failures for November
weEe - per cent above a year ago.
oeEpste decreases IA the south an.
nsrthEsst Total capital invested %
new enterprises IN October was re-
ported "a the smallest for any month
in eight geara-
~GoEamodity prices ross ] per cent
Cor tae mnnth ~ November. and were
g. prr cent above the December A.
ls1C. 3rffL
-Carloadinrs. which are manifestly
a Rosd Indicator Of he m0v@men Of
heavy freight the country over. seem
a. cunfirm the idea that production
saFFsd remarkably ia the last six
meufhs. The November loadings fell
~ Per rent below November q year
age. And &C. yer cen below the like
Frried ~ 1876. As the decrease Of
a. per cent Ia October l0adings from
. pear AS. loreshadowed the As per
renf IN gross from November 1926,
Nouid seem TO point to even larger
decreases I'D gross and net from last
pear. Gross receipts for the year
% December ] are 20 per cent, and
ret Inrnme - Ter cent below 1926
81 q "a per cent ~ car loadings.
In distrhutlEe trade. November
sam recorded a gain over the Like
Month = year AFRO 81 So per cent in
rhAin-store sales and 81 per cent
ID mail-crher sales. with a combined
FasH 81 3 PER cent Dor the year 10
November SO. chain stores reported
1Z prr cent gain. MAil-prder houses
4 ser cent increase, and the two coma
bsred gained y per crnt over 1926.
department store trade fer No
venlber, a. reported BY the Federal
Reserve System, gained I per cent
ever lszE. SIX reserve groups cut ~
tHeiEe and as stores cut Of 5sI re-
Fortlng decreases.
There are some irdications that
fkR lFoh and steel industry, after "A
FAtheF Song period 81 rccrssions in
production. - hcraping the bottom 81
fhe depression. There was visible.
for Instance, q firming up Of prices
ef bars. plates and shapes with en-
lareed orders fer koEae and for pipe.
steel rails ard track ~fastenings. Az
raraf1prai supplement manufacturers
b@aFht freely. ard early ir December
automobsie manufacturers bought
rnors freely q sheets ard ether steel.
Pig Tres. aiso. sold better IN Decem-
larr with Hone weakness IN prices
noted. where rs scrap. an oln-tlme
trace bATomFter, advanced slightly.
Bankers OpfomistiC
~In the cof-on goods manufacturing
trade. a feafare was the report that
rastsn cloth production I'm November
showed a decrease Of , per cent from
or1oter; that sales tofaied 6o-S per
cert ~ rroductions that shipments
we're - PER cent RI oEtputf that
Rtnrks AZ the end 81 the month were
skoHn 60 hase increased i3S per cent.
ara tksf untitled orders had declined
@t1 per cert
In seeking light ~ 10 the future
"a - worth netting that mn Ct =
soEny's leading bankers 81 20 be
Hmong the Fnosf optimistic IA their