Evening star., 1933-07-23
STOCK FALLfA|LS
TO AFFECT TRADE
General Business and Indus
trial Endices Record Gains
IN Past Week.

Despite the crash taken by speculative
groups In the stock and commodity
markets. Government and private do
mestic business reporting agencies yes
terday declared that during the last
week general trade and productive op-
erations throughout the country con-
tinued on an improved basis.
Three leading statistical groups re-
ported increase In commodity price In
dices despite the shaky condition Of the
market. The Labor Departments in
cent, based on quotations through July
Is. The New York Times Analist said
Its table Of prices as Of last Tuesday
was up 30 points for the week. and
Fishers indices weighted according to
value Of 120 articles on quotations
quoted through Thursday was up 2.3
per cent.
The Labor Departments index Jump
was the largest since 1t started COM
piling weekly figures, while Fisher re-
ported to the Commerce Department
that the rise In its index was the great
est for one week since the general up
turn In commodity prices started IN
March
Both agricultural and non-agricul-
tural prices shared the rise In Fishers
combined index. agricultural jumping In
one week from sos to 522. and nom
agricultural from 7l6 to 1872.
Leveling on Il Seen.
However. the Commerce Department
In an analysis Of business conditions for
the last week said indications pointed to
an immediate leveling on Of industrial
operations, although output In most
productive lines was now higher than
In the first week Of June.
Through Yesterday; the department
tivity in industrial centers reached at
the end Of June has 20 far been main
tanned. Industry began to whirl its
machinery at . fast clip late in May
and at top speed during June. Its de-
mand for foreign raw materials to con-
tinue this expansion. together with the
depreciation Of the dollar In foreign
markets resulted in the United States
striking an unfavorable international
trade balance Of only $2,100. 900 for
June.
Imports Of raw materials, the depart.
ment said. caused the value Of the to-
tai imports for June to climb to 4l22.-
100000. the highest since April. 1892.
6AkSaSo AL IAC lIlOlbll AluOuuLcQ "
Sll9 100000, the highest since Janu-
ary last. and approximately 5000 900
over the same period last year.
The deprecated value of the dollar
abroad. 1t was explained. necessitated
the American manufacturer paying
more for raw materials In terms OF
the dollar than what was actually i'm
ported. The result was an unfavorable
balance for the second time since Au-
gust, 1881.
Credit Not Depressed.
Ordinarily. an unfavorable trade bal
ance would have Q depressed bearing
ON this countrys credit In foreign mar
kets, but Commerce Department ON
cials in releasing the figures yesterday
took very optimistic view.
They pointed out the depreciation of
the dollar and the increase value of
imports will tend to raise the purchas-
ing power in foreign markets and may
thus result in the stimulation Of the
United States export trade.
The direct cause Of the unfavorable
balance was cited In q supplementary
report compiled by the department
showing imports Of hides and skins for
June over May was up 80 per cent in
quantity and 81 per cent in value, which
in terms OF the dollar Is an increase Of
81 500 900.
Long staple cotton. which the Amer
ican fabric manufacturer must import
from Egypt, was up 81 per cent In.
quantity, and 81 per cent value in
period Of 80 days. causing importers to
pay $500, 900 more than the May market
value.
Table Shows CHANCES.
The following table shows other
changes in imports during June, rs
compared with May:
Millions n