Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-03
SLIGHT ADVANCES
IN TRADE TRENDS
Commerce Department Sums
Up Domestic and Foreign
Business Situations.
By the Associated Press.

An unchanged to slightly improved
trend was evidenced in the domestic
Business situation for the week ended
October IS, in reports from home and
abroad to the Department Of Commerce.
Bank debts outside New York City
showed an increase over the previous
week, but declined from the CORE
spending period in 1929.
Total loans and discounts Of Federal
Reserve member banks, although show
ing a fractional change from the pre-
ceding week, were lower than year ago
Interest rates, both for call and time
money, while showing no change from
a week ago, were considerably lower
than last year. Prices for representa-
tive stocks and bonds we're lower than
the week ended october 10.
Bond Prices Increased.
AS compared with a year ago, stock
prices declined, while bond prices in
creased. The number of defaulting
firm, during the past week were more
numerous than the previous period
Wholesale prices as measured by Fish
er's index showed no change from the
preceding week, but were considerably
lower than for the same week in 1929.
For the period ended October 10
1880, increases occurred over the pre-
ceding week in the production of petro-
leum and. lumber and in the receipts
at principal markets of cattle and
calves. Declines from the previous week
occurred in the production of biturnin-
Gus coal, and steel ingotS, in the value
of building contracts awarded and in
the receipts OF wheat and hogs at i'm
portant CenterS.
Brazil Business Paralyzed.
Bank loans and discounts were greater
and the prices paid for representative
bonds higher for the period ended Octo-
Der rs, 1880. when compared with the
week of october 81, 1928, two years
ago.
In the Argentine general business
was quiet, although weather conditions
for agriculture and the live stock in
dustry continued to be very favorable
The record depreciation in the peso ex-
change served to discourage imports and
to further diminish stocks of manufac-
tured goods, with the exception OF such
goods as are mainly consumed by farm
ers. the demand for which is still adj
versely affected by last years uf1-
favorable crop. The first airplane con-
Structed in Argentina in the govern
ment's Cordoba factory was successfully
flown on october %.
paralyzed during the month, with the
exceptions of foodstuffs and war ma
terials, owing to military operations
connected with the revolution. Be-
cause Of the need for certain primary
necessities, certain duties were lifted
and fair quantities ordered; other
larger orders were expected to be placed
abroad when armed forces in the capt.
tai rebelled to end revolution and the
government was deposed and a provi-
sional military machine set up. In view
of the economic crisis the former gov
eminent decreed a national bank holi-
day from October to 81, later ex-
tending it to November 80.
Canada Doing Better.
In Canada a slight improvement ir
trade in the maritime provinces anC
Quebec, and decreased unemployment
in the latter province are reported, as
evidence of better conditions in Eastern
Canada. Some optimism is expressed
also with regard to general conditions
in Ontario. The prairie provinces re.
port slight retail acceleration, but
wholesale trade there continues dull.