Evening star., 1936-11-22
Business
Continued From Page G-l.)

proposed sitter Federal regulations
Some said selling had been attracted
by the comparatively fast advance thi,
Fall.
In the bond markets United States
Government obligations drove ahead
some to record highs. Although sell
ing in Treasures took the edge off the
rise toward the end of the week, in
dustrial issues held gains at new peaks
Investment and money market cir
cles studied closely the prediction oi
Prof. Kemmerer of Princeton Univer-
sity that an increase in interest rates
looms in the not distant future.
While the question of money rates
has long agitated markets, the opinion
OF most was that the increase of $10,-
100000 in excess reserves to $2,270,-
10000 indicated considerable potential
support to both stock and bond prices
Detailed Reports Given.
Reports on business conditions In
the II Federal Reserve districts follow
BOSTON.-Prices advanced in an ex-
cited woolen market. The cotton marke,
scored sharp price gains in many fabrics
wholesale activity held at good gains over
sasS KEW isSi YsoRk.-Department stores report.
srades Of merchandise. Apparel turned
over heavily. Wholesalers had brisk
PHILADELPHIA. Retailers reported
gains of close to Is per cent for the first
half OF November over the like period
year ago Wholesale activity improved
plies and toys. Some wholesalers reported
difficulty in filling promptly late orders fol
holiday 1 goods
dus1rs had a busy weeE crisp weather
helped boost retail trade.
wholesale trade were produced by the ap-
proaching holiday season in the fifth Fed.
eral Reserve District. Dealers said they
anticipate the best Christmas trade in
sales gained 1O.9 per cent over 1885.
ATLANTA. = Consistent general buying
coupled with IA a gain M in bank ciearinss in
the sixth Federal Reserve district. Store
executives reported good general trade with
holiday buying expected TO make itself fell
the Birminshsm Area held ''as STEADY At = =
per cent Of capacity:
volume the best OF the year, ranging from
10 to 20 per cent or more over last year
Clothing and luxury goods were in. brisk
demand. Mail order turnover broke all
records. Wholesalers reported orders
heavier than supplies in some cases. Pack
ing operations were around the best level
of the year.
ST. LOUiS-Retan trade ran about 10
per cent ahead Of the like week Of 1885
All seasonal lines moved actively at whole
sale. with most items ahead of last year
Except for seasonal recessions in agrl-
culture, employment continued to expand.
MINNEAPOLIS-Mor than 81 500. 900
Christmas club deposits in Minneapolis was
scheduled to 60 to about 10000. the larg-
est amount since establishment Of the FIRST
club here 10 years ago.
KANSAS CTrY.-Retail and Wholesale
trade was the best Of any like period since
1929. The retail gain over 1895 was esti-
mated at Is per cent. the wholesale ad-
DALI! Statewide reports indicated
merchants stocks 10 to so per cent more
for Christmas than year ago, anticipating
the heaviest buying since 1928. Merchants
said advance demand indicated the first
luxury goods Christmas since 1928
SAN FRANCISCO.-Coastwid maritime
strike cut deeper into wholesale and retail
at Pacific port cities. Portland and Los
Angeles held gains. but San Francisco
trade receded.