Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-27
Gain of 10 Per Cent
In Business Shown
By Check Reports
Increase i'm Loans and
Discounts Revealed i'm
Commerce Survey.
By the Associated Press.

BY the Associated Press.
The Department of Commerce re-
ported an increase of Is per cent in
business during the week ended July
10 as compared with the previous week,
basing its findings on the volume Of
check transactions The total, by the
same barometer, was below the level
for the corresponding period Of last
year.
The report said:
wholesale prices, as whole showed
but slight change from week ago,
but were Is per cent lower than the
corresponding period In 1929. Iron and
steel prices as measured by the COM
posite index, showed no change from
last week, but recorded decline of 10
per cent from the corresponding period
year ago.
Loans and Discounts.
Bank loans and discounts were
greater than both the preceding week
and the same period in 1929. The
average prices for representative stocks
registered marked gains over week
ago, but we're still lower than those
Of the same period in 1929. Bond
prices, on the other hand, showed
gains over both comparative periods.
Interest rates for call money were
lower, while those for time money
were higher than the preceding week.
Both rates were lower than year ago.
Building the activity of steel mills
and wheat receipts at primary markets
for the week ended July IL, were
all greater than the preceding period.
due mainly to the greater number OF
working days. AS compared with the
week ended July Is. 1929, building and
the receipts of wheat in producing
centers were greater.
Bank loans and discounts and
stock prices for the period ended July
10, 1880, registered increases when
compared with the week ended July
81, 1928, two years ago."
Although business In the Argentine
showed no improvement during the
week, the general outlook is brighter.
Factors favorable to future betterment
include improved peso exchange and
continued favorable crop weather The
first of the nine country grain ele-
vators that are being built In the prov
ince of Cordoba by farmers Coop
eratives has been opened. The meat
section of the ministry OF agriculture
has published q report showing the
operations of all native and foreign
frigorificos during 1929 were profitable.
In Brazil the situation continues I'M
favorable, with import demand far
trade dull. Exchange fluctuated up
ward early in the week, only to de-
cline again at the close. Coffee ex-
ports are increasing. Private banks
Shipped $270,OOO gold. For the period
of January to May there was IA
vorable trade balance of $3.50, 900
pounds sterling, the largest in many
wears. This circumstance resulted from
a 80 per cent decrease in the value OF
imports, despite declines in export
values.
Canadian business in general is only
fair and prospects depend largely on
DEVELOPMENTS in the wheat situation.
Toronto reports a normal demand in
ladies' wear and millinery, but sub
normal sales in dry goods, and Winni-
neg, a somewhat better seasonal de-
mand, with shoes and Women'S wearing
apparel the features.
Deficit for France.
French foreign trade registered q
deficit of 13,500000 francs in June,
the largest since January. Imports
totaled 4.165, 100000 francs and ex-
ports, 1851, 100000 francs. The total
adverse balance for the first six
months of the year is 4,187, 500, 900
francs, as compared with 1886 600, 900
francs TO. the corresponding period of
last year. Tax returns in June were
affected heavily by the reductions in
tax rates, the receipts for that month
being 900 900 900 francs less than in
June last year, although 81 000. 900
francs above current budget estimates.
Total returns for the first three months
of the fiscal year which began April
aggregated 9,076 900 900 francs. of
which 9759 100000 were from normal
permanent sources. This represents a
decrease of 1,410,0O0,O00 francs from
returns in the same period of 1929. but
exceeds current budget estimates by
$50 600, 900 francs,