The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1935-08-30
CONDITIONS WORSE
CONTINUED from page One)

hours restrictions on labor will be
another factor"
TEXTILE mill activity for first
half of year. on basis of incom-
plete statistics, appears to be ap-
proximately same as for CORES
ponding period for 1884. Extensive
present curtailment programs in
cotton mills have thrown tens of
thousands out of work.
CLOTHING manufacturers are
reported in Wall Street Journal
C(July 10, 1885,, as "much more
optimistic this summer than last"
and considerable earnings inn
provement for the industry as a
whole" is expected. "Retail sales
(of clothing) are said to be slight
ly ahead of 1884 for the country
as a whole"
RETAIN trade has been little
above year ago due largely to
better weather conditions. DE-
! PARTMENT STORE sales for
first half of year have been higher
than during first six months of
last year, but due to higher prices
actual volume of goods sold has
been lower.
EMPLOYMENT and payrolls
have both headed downward in
last three months, the former de-
Ginning from an index of 1922 in
April to 80.5 in June (1923-25
-1OO) and payrolls falling from
69.7 in April to 66.9 in June. EN-
ployment in May, 1885, was even
lower than in May of last year
Real wages this year have beer
lower than in 1884.
STRIKES; Most of Wall Street
' capitalist advisory agencies spear
of increasing industrial strife
during coming months. Certain
automobile and steel companiei
are planning accumulation o
stocks of semi-manufactured pro
ducts in preparation for expectet
labor struggles later in year an
n next spring.
WORLD trade continues to de
q cline as shown in recent figure
d of Institute for Economic Re
: search (Berlin). Value of trade de
n clined from an index of 100 in 19
20 to 1852 in 1888, falling still fur
g Their to 1919 in 1884. Manufactu1
:. ed goods showed biggest decline
drop of 81 percent from 1929 t
1894. Foodstuffs showed next big
gest decline-65.9 percent in sam
period, while raw materials droE
p ped 65.2 percent.
"a United States position in worl
IL trade has also been becoming les
n important. In 1884 imports an
N exports of United States accoun
ed for only 1873 percent of worl
e. trade, as compared with 25.7 pc
20 cent in 1929.
to Japan's exports increased %.
re percent in volume from 1882
I'd 1884, while the United States e,
L. panded hers only 81 percent
same recent two-year period. &c
IN man exports fell 1873 percent
IN same period.
o. BANK PROFITS; AS final
re written by agents of finance ca
ital, the revised Banking Act h
m by no means clouded profit pro
&C poets of bankers. Current opera
III ing earnings of most big ban
p provides a fair margin over Gu
rent dividend payments, yields a
, generous and the price earnin
n ratio is low" says Poor's Inves
ng ment Service, adding that t
IT. "long-term outlook" is excelle
u and interest rates and cons
quently profits are certain to rise
ay 1t cites the Morgan-controll
"a Bankers Trust Company as
pecially well suited for investme,
W. This bank paid 500 a share yea
ek ly from 1912 to 1927, $50 in 19
and from 1929 to date handed G
an dividends at a rate equivalent
IA $50 on the original shares. IT
~ 80 stock was split ten for one in
"a 29.)
IN
aw Less Food Consumed
Ie. prices of many basic agric
u tural products have risen to lev
where consumption, as we'll as D
nd duction, is being seriously curts
Ida ed" says Barron's, July 8. 1t &C
ng. that BUTTER (which had a sp
the tacular price advance, is being
IN placed by less expensive oleom
garine." Butter consumption
of first four months of this year
re- at least Is percent below corr
pondinG period last year.
A. BREAD consumption for
ner first quarter of the year, it is
timated by the baking indust
ted was between 5 and 10 perc
,at- lower than for the same period
1884 which was smaller than
I'll consumption in the correspond
- period of 1888" GOOD Industr
'"H June, 1850
an, MILK (and creamy consumpt
On. O In New York metropolitan area
'Or' 1882 dropped 62,32O,O0 quarts
low 1881; in 1888 it dropped
car 100000 quarts below 1888.
OUT CHAIN GROCERY store S;
also indicate less food consul
rrl- by masses. Daily average sales
to June in dollar volume were c
4 percent higher than in June,
year. At same time retail
lie prices rose Ill percent. So actl