Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-09-22
BUSINESS REVIEWS
7. OF u. S. FAVORABLE
Industry Enters Fall Season
With No SIackening
Of Activity. "
BY CLINTON COFFIN,
Associated Press Financial Writer

Federal reviews Of business conditions
for the week just finished show no
slackening of the, business pace main
tanned in the country through the Sum-
| mer months. Senate discussion began
to bring the projected tariff revision
little closer.to realization, but other
wise the functioning Of Government
had no direct touch on economic con-
ditions. y
THE dollar volume of trade. as indi-
| Gated by check payments for last week,
was considerably larger than IN either
the preceding week or the corresponds
ing period Of 1925" 1t was said in the
Commerce Department summary OF
Steel Plant Activity.
. Steel plant activity showed further
| recession, but was stiu well above the
level OF last year. The output Of btu
! minous coal during the latest reported
week was less than during the preceding
period, but larger than a year ago.
Crude petroleum production declined
slightly from the high level of the
preceding week, but was far above last
years output. =. Cotton receipts during
the latest reported week were slightly
lower and receipts Of hogs greater than
year ago Distribution of commodities,
as reflected by freight car loadings for
the latest reported period continued
substantially above the corresponding
week Of 1928. &C.,.
The general index of wholesale prices
was unchanged from the preceding week
and was 4 per cent lower than for the
| same period of last year. Iron and
steel prices and copper prices also
showed mo change from the preceding
week, but were higher than at this time
last year. Cotton prices were lower than
for the preceding week. but higher than
for the corresponding period Of 1928.
/ Bank loans and discounts remained at
the same high level of the previous
| week Interest rates on time money
were unchanged and those on call
money higher than during the previous
week. Rates on both classes were con-
! siderably higher than a year ago. The
Federal Reserve ratio was greater than
that for either the preceding week or
the corresponding week Of last year.
Stock prices receded slightly from the
| high level Of the preceding week and
bond prices showed no change from
| last weeks level. Business failures were
more numerous than during the pre-
vious week but somewhat fewer than
q year ago.
| Growers Returns.
After assessing western Canadian
difflculties due to a partial wheat crop
failure. the summary remarked that
growers returns promised to benefit
from better prices now prevailing and
the large portion Of the corp that is
falling within the higher contract
| grades" It was added that Eastern
Canada was experiencing satisfactory
trade volume in wholesale and retail
markets.
In Europe "a moderate improvement
In basic industries" was mentioned as
to Germany, in spite of a cessation in
! the inflow Of foreign capital which has
been noted this year. September I'M
employment figures for Great Britain
were cited as having smaller totals than
those for the same month last year,
though the national imports were SHOWN
| by trade figures for recent months TO
be increasing faster than export totals
It was commented as to this that the
| enlarged import totals were due prt-
| marily to increased intake Of foodstufe
and raw materials. :