Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1928-12-02
OCTOBER WAS
PACE SETTER,
WRITER SAYS
All Time Records In
Many Lines of Bus
mess Broken, Sur
vey of u. S. Shows

Vey OF ~. -. Shows
WASHINGTON, Dec. New rec
ords for all time was established By
a number of industries during De-
tober. as pointed out by Frank
Greene in his monthly review of bust
ness conditions in Nations Business
magazine. published by the chamber
Of commerce of the United States.
LINES related to the metal trades.
and especially the automobil trades
ne says, showed remarkable activ-
ity for so late a date in the season.
The October output Of cars and
trucks while slowing down from the
high peak Of August, was still large
enough to insure a new high peak
total for the year. At the same time.
tires moved freely at lower prices.
this coincident with the formal end
ing Of the British Colonial rubber
export restrictions set up some years
ago.
Buying Of cotton fabrics for the
tire and other branches of the auto
trade were apparently helpful in
swelling the volume Of cotton goods
buying, which was reported to be
far in advance Of that recorded a
year ago. Curtailment Of eonsump-
tien with enlargement Of export
trade IN the raw material aided in
keeping down production in this line.
Big Gains Made
For the third quarter OF the wear
there was recorded a new high out
put OF cement A similar record
breaking production and sale Of radio
and kindred materials was an
nounced. Agricultural implement and
machine tool makers were busy in
October and the railways Dough;
rails. cars. and other equipment. with
the possible exception Of locomotives
One of the country's leading rail
roads announced a far-reachinc
change in the equipping of some OF
its eastern lines with electric power
as an operating medium.
Colder weather. bringing heavy
rains or SHOWS. particularly in west.
rem areas. supplied much needed
moisture TO winter wheat and quick
ened buying of heavyweight clothing
In the latter there was something
like a shortage in immediate supplies
Of woolens adapted 10 the making
OF overcoats. while knitted wear sold
in large volume. The settlement OF
soft coal trade disputes resulted in
an increase in production Of both
household and industrial fuel. A
large accumulation Of coal. on rail.
wsy tracks. unbilled. resulted.
"Fuei oil sold better. while gas
oline. after a record production ~
the early autumn. Quilted down with a
slight easing in prices.
Potato Yields Large
"0ne result Of the high prices Ful.
.ing for cattle in the late summeI
land early autumn was an apparent
large take-off of hides which brought
about an easing in leather prices and
some reductions in shoes. This lat
ter branch of manufacture tended 70
ease off in production.
"prices Of cattle and hogs went Oft
rather sharply in October and t.
some extent in early November.
"The Developments in agricultural
happenings included some slight re
visions downward OF corn crop esti.
mates in October and November and
n slight upturn in estimates Of cot
ton Weld, accompanied BY a larger
ginning Of that crop than was re-
corded A wear ago. Crops "a a whole
turned out larger than a wear ago
cereal Yields being 9.5 per cent great
er than q wear ago and only three
per cent below IN 1915 record.
Potato yields proved to be q
record size with resulting very low
prices. Grape prices indebted tina
stimulation Of production IN recent
wears has had its natural result II
very low prices. The arrival Of Pa.
cific coast grapes in eastern pro
ducing regions reduced quotations q
a point where il was asserted tina
II did not pay 20 pick them.
Building Continues
'In the wheat trade liberal yield.
ia Europe and reports or possible
large crops in the southern hemi
Sphere plus record visible supplies II
the United States and Canada proved
a weight upon prices. Despite
slight enlargement in export TRADE
the shipments from the United States
for four months of the cereal yea
we're little more than half those a
one and two years ago. Holding o.
wheat by western farmers was alst
said to have affected country col
lcctions.
heavier Yields Of staple crops were
noted in parts Of the Southeas'
where the storms Of September re-
duced the corn, cotton. and tobacco
Yields.
Reports as TO employment pointed
to an increase in workers in fac
tories and mills in September. al
though the chief gains were in tn
metal. vehicle. Snd related lines. En-
ployment at Detroit reached its pea!
in the third week Of September.
Building permitted for in DC
toher showed a gain over Septemhe'
and n fractional increase over th'
previous October with a good-siZet
decrease noted AT New York a.
against : smaller percentage Of gair
IN the rest of the country. For ter
months n small decrease in valu'
from 1927 with larger decreases from
1926 and 1925 was noted.
scar ioadings seem 70 have reached
their peak in late September. Th'
October total was well above las
wears, though 4 shade under tn,
same period Of 1926,
October failures we're the largesr
most numerous renorted in October
since 1921. Liabilities were the
heavies since June and the larges'
In October since 1924. There were
fewer failures in the South thar
n wear ago in October. hut a cor
siderably larger number Of bank anC
other large failures noted in ~,
Southeast. especially in Florida
Georgia. and South Carolina. Thes,
were responsible for the swelling 81
the liabilities total in that area il
october"
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