Evening star., 1933-07-02
america SHARING
WORLD TRADE GAIN
Wholesale Commodity Prices
on Upgrade Since Gold
Suspension Here.
Continued From First Page.)

NSO1lblluCo tShl hco o6S'b
gained momentum, the former increas-
ing 23 per cent and the latter 48 per
cent, the greatest monthly advances
since June, 1929, and october, 1881, re-
spectively.
The report continued:
Commodity prices in Germany and
the Netherlands, in terms of the re-
spective currencieS, rose nearly l.5 per
cent from April to May. Fractional in
creases occurred in Austria, Belgium,
Denmark and Sweden. For most coun-
tries the increases were fairly well scat
tered among the different types Of COM
modities.
"Of 10 groups Of commodities In the
United Kingdom only coal, and meat
and fish showed declines in May, ac-
cording to available statistics. Cot
ton and cotton textiles rose ST. per
cent; minerals and metals other than
coal and iron and steel increased 5.8
per cent and three other groups in
creased Al to 4.6 per cent. The great
est group advance in the Netherlands
occurred in cheese. 1876 per cent. Six
of the 13 groups in Belgium increased.
two did not change and two others
declined cnly fractionally. Rubber
prices advanced % per cent, textiles Z
per cent. fats "A per cent. hides and
leather and metal products 3 per cent,
and paper 18 per cent.
German Commodities Gain.
"Of II groups in Germany, ad-
kanced from April to May. Animal
products rose per cent; METALS 8
per cent; textiles, 6 per cent, and
hides and leather per cent
About C:'e-half of the 13 groups OF
commodities in Sweden also increased,
and four others did not change. Among
the rises we're animal foodstuffs. metals
and metal products pulp and paper,
Gals.
Statistics show that group prices
In British India were as high or higher
in May in every instance except In
the case Of sugar, which declined 8
per cent from the April level. Several
Of the rises we're sharp. Cereals, manu-
factured iute, and hides and skins in
creased IA to II per cent. Tea. cot
ton, and jute groups rose AZ to 81
per cent.
I'm Canada four of the seven groups
advanced and one did not change;
Prices of vegetable products increased
"a per cent. and those of non-ferrous
metals and their products SO per cent.
Fbers, textiles and textile products
advanced 3 per cent"
The weekly survey of domestic con-
ditionS made by the department showed
automobile production reached new
high for the year last week, and steel
ingot production advanced to so per
cant CT capacity.
Operation in the principal industries
manufacturing consumer goods, such as
textile and shoes, were maintained at
L., \,
pairing favorable with 1929, the report
said.
The department said, however, retail
trade reports indicate some slackening
In consumer purchasing.
No Seasonal Halt Occurs.
In summarizing the domestic situa-
ton for June, the department said busi-
ness activity continued to expand dur
ing the month, and the adversed sea-
sonal influences usually manifest at this
time have so far failed to halt the
upward movement.
Continuing its June summary, the
department said:
Production was considerably higher
In May and June than in the CORE
spending months Of 1882, and in the
latter period reached the highest level
since the middle of 1881. Steel ingot
production has increased to SO per cent
of capacity. Automobile schedules have
currently been revised upward, and June
output is expected to exceed the May total
which was the largest since July, 1881.
Electric power production continues to
indicate extensive gains in manufac-
turing activity: lumber production has
improved steadily; and the industries
producing the major lines of consumers
goods have maintained their high May
schedules. Output Of a number of i'm
portant industries was higher in the
first five months Of 1888 than in the
corresponding period of 1882.
Employment and payroll gains have
Jagged considerably behind the increases
in production. While factory employ
ment and pay rolls both increased last
month, and the upward trend continued
in June, the indexes IN May were below
the low level of year ago. Average
hourly factory earnings curing the
month also were at new low point.
The American Federation of Labor
estimates the number o. unemployed in
June at over eleven and hall million.
which is higher than their estimate for
June 1882.
Consumption Found Tagging.
available indexes of consumer pur-
CIldSulS ululSStc 4Oi tlAC iiISoI paw ttA-AS
goods are not moving into consumption
as fast as they are being produced. The
rise in such industries as textiles and
tobacco manufacturing Is much too
large to be accounted for by any in
crease that may have occurred in con-
sumner purchasing to date. However,
stocks of finished goods in the hancs OF
distributors have been low for con-
siderable period and more active ce-
mand would require some upbuildlng OF
such stocks.
Department store sales in May were
slightly less than in the preceding
month. and the adjusted index re
NAMED unchanged. Fre.ght-car load
ings in June increased to the highest
point Of the year, and the spread IN
comparison with last year has wicened
so that In the latest week reported,
loadings were 13 per cent higher than
in the same week for 1882.
CONSTITUTION contracts awarded dur
ing the first half of June were higher
than for the same period Of May,
although the total remained very loW.
Wholesale prices moved higher IN
June for the fourth consecutive month.
Stock prices have been irregular, but
the large gains Of the preceding two
months have been held. Bond prices
have been steady, following the sharp
improvement in May. Money rates tor
short term commitments continue eX-
tremely iOw.
Foreign Trade Improved.
Foreign trade improved in May con-