Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-16
BUSINESS RETAINS
RAPID MOMENTUM
U. S. Reports Indicate High
Rate of Activity in Va
ri0us Lines.
~ the. Associated Press.

~ the. Associated Press.
Federal statistics touching national
business conditions as reviewed this
E week showed a general maintenance
OF high activity. with only one curtail-
ment, and that as to building east Of
the Rocky Mountains. A rough con-
4 formity to congressional controversy
lover farm relief measures continued
on the grain market, whose fluctuations
matched the rising and falling chances
of estimated large Federal appropria-
tons appearing for the wheat carry
over. Railroad car loadings continued
at record volume, and absence of dis
cussion over credit, Federal and other
n wise, emphasized the passage OF the
4 Spring crisis in that field.
The dollar volume of money turn
over during the week ended June 8,
as reflected by check payments, was
greater than the preceding week, but
period of 1922 said the Commerce
Department weekly review of the bust
ness situation at home and abroad.
Steel Plant Operations.
Operations in steel plants showed
no change in the rate of activity from
the preceding week, but were on a
considerably higher plane than q year
ago. The output of crude petroleum
for the latest reported week showed q
gain over the corresponding period of
last year. The production of bitun1i-
nous coal was likewise greater than
year ago. Distribution of commodities,
as indicated by loadings of freight cars,
covering the latest reported week, was
higher than at this time last year.
1.-THE general index of wholesale
prices showed fractional gain over
the preceding week, but was lower than
year ago. Iron and steel prices
averaged fractionally lower than in the
previous week, but were higher than
er than In the preceding week, but
were lower than a year ago. Loans
and discounts of Federal Reserve men,
tber banks showed q further gain dur
ing the week, being higher also than
q year ago. Interest rates on call
loans average higher than in the pre-
ceding week, but rates on time money
showed a decline. Both call and time
funds averaged higher than year ago
Bond prices showed a fractional gain
over the preceding week, but were lower
than last year. Stock prices were
higher than in either period. Bust
ness failures we're more numerous than
in the preceding week, but showed a
decline from, the corresponding period
of 1928.
Receipts of cotton were higher than
D year ago. neCSlpCS Oh CdItlc dLlu
hogs during the latest reported week
were lower than last year. Wheat re-
ceipts showed a gain over the corre-
spending period of 1928"
Canadian Situation.
Cuietness In Canadian Inanufactur-
ing territory was reported, along with
a rise In the early Summer tourist
now to point even higher than that
of 1928. Cuba, producing the largest
sugar crop of its history, figured at
5,I35, 900 tons, was said to be faced
with the lowest prices in many years.
and to indicate economic depression.
In England the most significant event
noted was cotton trade move towarfs
lowering mill operatives wages. South
American countries reported slow bust
ness in o few instances, while Of Asia
It was said that extremely unsettled
conditions In North and Central China"
had acted to depress internal trade,
though Japanese affairs were marked
by strengthening stock market prices.