Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-23
j. S. TRADE KEEPS
UP RECORD GAIT
Federal Survey Shows Many
Lines Are Continuing in
Heavy Production.
By the Associated Press.

~ the Associated Press.
National business conditions as mid
year and July l payment time ap-
preached showed no signs Of depres-
partment pay roll studies during the
week indicated some increase Of en-
ployment and heightened factory pay
rolls. Government income tax collec-
tionS for June is reached expected
high levels and averted any prospect
Of deficit In the Governments fiscal
year, which ends with this month.
Grain exchanges showed stimulated
prices coincident to the attachment Of
President Hoover's signature to the
farm relief bill, with its promise Of
national expenditure Of $500, 900 In
the near future for the enhancement
trafic volume reached at last report
one of the highest weekly levels at
tanned this year, following q series Of
million-dollar weekly loadings. Dis
cussion of Federal Reserve restrictive
policies toward stock market credits
was almost completely absent, In view
Of lower interest rates setting In dur
ing the month.
Commerce Review.
Commercial transactions during the
week ending June IS, as reflected by
check payments were larger than In
either the preceding week or the cor
responding week Of 1895" said the
Commerce Department weekly review
Of business conditions at home and
abroad.
Activity in steel plants showed q
higher rate of operation than In either
the previous week or the same week
Of last year. Production Of crude
petroleum for the latest reported week
showed gain over the corresponding
production likewise was greater than
o year ago. Distribution of commodi-
ties, as indicated by loadings Of freight
cars covering the latest reported week,
was greater than at this time last
year.
"The general level Of wholesale
prices showed q gain over the proceed
ing week, but was lower than o year
ago. Iron and steel prices showed no
change from the previous week. but
were higher than last year. Cotton
in the previous week, being lower also
Of Federal Reserve member banks
showed only slight change during the
week, but were higher than ut this
time last year. Interest rates on call
loans averseed higher than in the t,re.
vio,,s weer While time money rates
were easier. interest rates on both
time and cail f,Inds were oiuher. how
ever. than . year ago. Bond prices
showed no change from the previous
week. but were lower than last year.
stock prices showed only sliQht change
from the preceding week. but were
higher than a wear AGO. Business fall
ures were more numerous. chan at the
previous week but showed q decline
from the correspondinr period of 1928
Cotton Receipts.
"Receipts of cotton were lower than
o year ago. Receipts Of cattle and hogs
at prmelpaI primary ma,kets ous Sae
49, NJ e S oun ~,S %,,sas reo.,St.
S S.. ..on 10. yea.: ~. ~ ~.
nowever, snowy = s1 .na. i !. slis Soi
fesponoi1s peL.oo Oh 80 80. ..s ...4
s 70 S ...n Ine aep0ss HUo s..as
cf1k IN, Sn r., aor Tag n.,.r.m. W. S,,t
= utle DeIow Cne iV-yeI asel1Se' Uus
pe..er As 20 Wes.ern wM .S. Al an nj. III
Sa.po enc eeueDeS some quleInt v. pus.
ness was TemsfKeo, mcioenS 70 FeouS-