Evening star., 1931-11-29
EASIER LOAN FLOW
NOTED FOR WEEK
Bank Debts Outside New
York Move to 91.5
From 66.5.

An easier flow of loan money from
be nks outside of New York City was
noted in the weekly business indicators
available to the Commerce Department
through its survey of current business
for the week ending November 81, it
was announced at the department yes
terday.
The survey showed that bank debts,
outside of New York City, jumped to
ol.5 from 66.5 for the previous week,
bit were below the corresponding week
Of last year. The department made
no comment on the increase However
outside of the department it was viewed
with particular interest because of the
fact that it was made during the period
Of depressed markets
Total loans and discounts of Federal
Reserve member banks also were frac-
tionally above the previous week. but
we're about 10 per cent under the same
week in 1880 Interest rates on call
money declined slightly after four weeks
at the same level. the average index for
the. week; according to the survey. being
57.7, against 364 the low for the year
Time money rates decreased for the
tlrst time in eight weeks. but were still
considerably above the average rates
for the same week last year
The average price of representative
stocks decreased materially from the
preceding week. sinking to level only
slightly above the years low recorded
during the first week in October. Bond
prices declined from the preceding week.
but were still Slightly above the years
low
The survey said the number of busi-
ness failures, as reported by r. G.
Dun d Co, increased over the previous
week, and were "a per cent over the
number of failures reported for the
same week last year.
wholesale prices. as measured by
Fishers composite index of 100 repre-
sentative commodities, remained the
same as for the previous week. or frac-
tionally above the years low. Prices
Cf agricultural products declined Slight
lv, following slight increase during
the previous two weeks Prices of non
agricultural products were the same as
for the preceding week, but were almost
13 per cent under last year.
The price of cotton middling con-
tinued the downward trend of the pre-
Vious week, but was still above the
years low, established during the first
week of October The price of cleo
trolytic copper also declined establish
ing new low for the year The
composite iron and steel price for the
week was the same as for the previous
two weeks. or at the low for the year
For the week ending November IA in
crcases occurred over the previous week
in cotton receipts and petroleum pro-
ouction, while declines were recorded
In bituminous coal production cattle
receipts, electric power production, lum-
ber production and wheat receipts.
Steel lngot production was the same as
for the preceding week. while the vol
ume OF building contracts for the two
WpnR nor7nd fnv
the year.
For the same period the New York
Times composite index of general busi-
ness activity showed a decline of O3
points, touching a new low for the year,
while the Business Week composite in
dex decreased / points, also recording
a new low for the year.
indicators Table.
The following is the weekly business
indicators table (weekly average,
1923-25-lO0)
N.9v. Ncv Noy.
1881. 1881 1880
General Business.
Composite Index New
Composite Index - Busi-
ness Week+...........,. ..... 66.2 800
Production.
Bituminous coal produc-
E1iiding contracts. 81 ''''' 80 81
s:5;;. s.:: i:5.i AZ ~ ~ 49,
Frei6ht car loadingg. g.......... -. 8l.3
Lumber TpnTroduction+ ss.e 81 Sf.s
|:s' s:5 S;ss :3ss,B5; 5saSsisa ssS sss
Wholesale Prices.
Fisher Index (1926- 1907:
All commodities (120l. G8.6 1916 808
Agricultural prod (3ol 53,7 53S 7S7
Nom AGRICULTURAL prod
Iron and steel composite TAO TAO ITO
Wheat No. red. Kansas
CITY .........'........, sou 4bl 52.7
Financial.
RsRE fSs5: Ssns GH5iaf sbd a5soaa3 S 81! 81
B1siness failures ..... 144S 1865 iS9s S9
Federal Reserve ratio, S2.7 8O,6 l05.7
fa55 flms qSsSs money ~ 81 81 So So s. g 3
Sed Net demand M Sd''aSs DEPOSITS. lol1 9ig ig lf59 ~
T.@e TtSSE DEPOSITS eT5es - 1S76 IISs ISa6 Ss lSs.9
Relative to weekly average l92s-I93O per
Relative to computed normal taken
o. 100.
WALL PAPER FACTORIES
BEGIN OVERTIME WORK
b. the Associated Press.
NEW YORK, November 28-The
Wall Paper Association has reported
that three wall paper factories at
Plattsburgh and Hudson Falls N. Y,
and York, Pa, have begun overtime
work and put on extra shifts to fill a
rush of orders for Spring delivery.
HOW IS B
Showing Current Business Activity c.
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