Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-20
BUSINESS DECLINE
FOR WEEK SHOWN
Gross Volume for Period
Ended July IL Less, Check
Payments Indicate.
BY the Associated Press.

BY the Associated Press.
Business during the week ended July
IL declined from the preceding week on
computations made by the Department
Of Commerce which used the volume of
checks presented for payment as its
barometer. The periods gross was like
wise lower than the corresponding week
of 1929.
The report said wholesale prices, in
general, declined but slightly from a
week ago and showed a decrease Of IA
per cent when contrasted with the week
ending July Is, 1929. Iron and steel
index showed no change from the week
! Of July 5, but We're 9 per cent lower
than the same period, year ago.
Bank loans and discounts during the
last week declined only slightly from the
preceding period and were below the
level of the corresponding week a year
ago. The average prices of stocks re-
manned unchanged from the preceding
week, but were lower than in 1929.
Bond prices, on the other hand, showed
gains over both comparative periods.
Interest rates for both call and time
money reacting to the renewed stock
market activity were higher than the
week ended July 5, but were consider
ably below a year ago. The number
Of business failures as reported by r. G..
Dun & Co., were fewer than the pre-
ceding week and the week ended July
| IS, 1929.
Steel Falls on.
1.-THE activity Of steel mills for the
week ended July fell of from the
preceding period, due mainly to the
curtailment Of operations over the July
| holiday period. AS compared with
a year ago the mill activity registered
sharp decline.
Banks loans and discounts and stock
| prices for the week ended July IL
recorded increases over the period ended
| July IL, 1928, two years ago. The
| number OF business failures during the
past week were fewer than during the
| corresponding period in 1925"
In Argentina business continued dull
but stabler peso exchange and the
continuance Of the favorable weather
| to the agricultural and live stock in
dustries have improved the general out
look. AS compared with the correspond
ing period OF the previous yearA ship
ping arrivals for the first six months OF
| 1890 were 482 vessels of registered ton
mage approximately / 1000 900 net tons
less than in 1929. The stringency OF
credit, the heavy stock and the publicity
given to the appearance of next years
models are causing some anxiety to the
automobile importers. The demand for
carded yarns and prospects for the next
few weeks are fairly good.
Brazil Still IN Slump.
In Brazil, exchange which had been
weak throughout the week firmed july
IL to 9.18 milreis to the dollar from
$50 milreis on July as a result of
| support by the Bank Of Brazil Gold
exports have been resumed, the Bank
| Of Brazil having shipped $4,000. 900
and private banks approximately
81 1926, 900. Coffee shipments continue
light with prices slightly weak. General
business remains unimproved.
Canadian trade continues slow with
little promise of materially increased
activity In the near future. In general,
the orders now being placed are small
and limited to necessities, price APP
parently being the main consideration
In current purchasing.
The prevailing tone in Mexican bust
ness was peSsimistic. The Nations adj
verse trade balance during recent
| months is attributed largely to the low
prices of metals and coffee. The gen.
| eral business situation in the Yucatan
Peninsula is extremely dull and the
reduced henequen exports from this
section have caused peso exchange to
weaken. 1t Is reported that the federal
| government will reduce the tax on
henequen In order to relieve the situa-
| ton.