The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-10-12
FOLEY HOLDS
GAIN IN TRADE
CAUSED BY AAA
Business Increases Indicat-
ed by Study of 100000
Freight Waybills
BY ARTHUR F. DEGREVE
Urited Press Staff Correspondent

WASHINGTON, Oct. ~. (uP).
Booming retail sales and sharply
increased industrial production
are traceable largely to improved
farm income under the New Deal,
the AAA asserted last night in
presenting detailed survey of
economic conditions.
Directed toward establishing the
relationship of farm buying power
to industrial recovery, the survey
found that shipments of goods
from Is northern and northeast
crn states from 1892 TO 1888 IN
creased 60 per cent while agrlcu!-
tural income during the same pc
Rod increased g. per cent. The
Study covered more than 100000
freight waybillS in the offices of
lG railroads which handle approx"
matcly IS per cent of the traffic
in manufactured commodities to
farm areas.
The results of the survey, ac-
cordng to AAA administrator II.
r. Tollcy, offer conclusive evil
dencc that increased farm buying
power is in turn translated into
increased industrial activity"
Larger farm income" he said,
"haS made it possible for farmer
to buy once more the products of
the industrial centcrs. and this in
turn has meant larger payrolls
and more employment in those
ccntcrS.
Meantime. the American Retail
Federation made public sum-
mary of census figures showing
that retail sales in Arkansa ;,
Louisiana. oklahoma. and Texas
totallcd $230,09l 900 in 1885. an
increase of 81 per cent over 1893.
In the eight mountain states. ac-
cOrding to the federation, sales
increased II per cent during tn"
same period, employment incrcas-
ed 2l per cent and total payrollS
increased 33 pcr cent.
John d. Battle. executive Sccre-
tary Of the National Coal aSSocia-
ton. also reports that bituminouS
coal production continued up
ward. Total production for the
week ending October 3. he said,
was 9.l50.000 tons. the largest
weekly production since Februaw.
Total production for 1896 TO date
is now 100000 tons ahead Of
that of a year ago.
Increased industrial conSump-
ton. Battle said, is a major fac
tor in the increased coal produc-
ton.
Further evidence of continued
business revival was given over
the Weekend when Jesse H. Jones,
chairman of the RFC, said there
lis no longer any emergency" and
indicated he might ask congress to
discontinue the agency's lending
powers. He said two-thirds Of the
money loaned to industry and
business by the RFC during the
depression has been repaid.
The AAA business study, which
has continued over a threeyear
period, embraced carlot railway
shipments of manufacturer and
commercial commodities from the
Is important industrial states
east of the Mississippi and North
of the Potomac and Ohio rivers to
the agricultural areas west and
contl &C thncn ctrnnpoS
Commodities studied. it was
stated, were divided into four
main groups: CD agricultural
those used principally in farm pro-
duction; (2) domestic and person
al-those used principally in the
homes; (3) industrial and COM
mercial-thosc used chiefly in in
duStrial and commercial activities ;
ID gencral-those used on farms,
in homes and in industry.
The northern and eastern states
involved were Connecticut, Della
ware, Indiana, Illinois, Maine,
Maryland, Massachusetts, Michi-
gan, New Hampshire, NewJersey,
New York, Ohio, Pennsylvania,
Rhode Island, Vermont and Wis
consin. Carlot shipments from
these states of commodities used
principally in farm production
! sbowpd tho prpntpSt pain-an adj