Evening star., 1937-10-17
Business
September IS the rise over 4 year agt
Was SIS per cent.
Continued From Page E-l)

September IS the rise over 4 year ago
Was SIS per cent.
Bright Spots Seen.
Although the falling stock market
east . shadow over the business pic
ture. there were numerous bright as
poets. A few of them were:
The decision of the Ford Motor Co.
10 launch a $40.00o.000 plant expan-
sion; reports showing third quarter
earnings Of the first % industrial COM
pAnies 80 per cent ahead Of the like
period last year, and the tendency of
some building material costs to level
OF after upturns which had retarted
construction.
In the bond market brisk selling Of
railroad loans fell on medium and low
priced issues. Other corporate bonds
slid. United States Government obli-
cations were narrow and quiet.
The average Of commodity prices
was somewhat higher. Farm prices
we're marked up, while industrial raw
materials declined.
District Reports Given.
Reports on business from the II
Federal reserve districts follow:
6OSTON.-Demand for cotton, wool
and leather remained slow. Retail sales
Improved. running 7.3 per cent above the
creased moderately. but loans and invest
ments were unchanged.
:, NEW YORKECooler weather stimuli
scoring. moderate gains over the similar
week OF 1885. Luxury goods moved ahead
OF last year, but at somewhat slower
Wholesale activity was fairly brisk in
.u,.a R,HaTLADELpH1A 1n3alsEl A T, Mid ,smpsr.tures
mand was satisfactory. Outdoor sports
wear and mems clothing were more active
tWnoiesale tn, trade was uneven. There were
industry.
cLEvEI,AND.I,The Federal Reserve
Bank b said retail trade was slower, due
retailing was slightly lower than recent
wee weeks but n,o stlli : per cent r above year
and operations for the third quarter.
R1CHMoND-CrispF Fall weather doomed
era Reserve district e for IN the s.' week sn ended
Keel rhs sIads F.d.fs nsn' r..
Sset ended oepoSer % II At eess sassi4 IA ooS eHe
compared with s37.5s3. 600 Tor the ike
week ended october 6.
=. ATLANTA store sales for
the sixth Federal Reserve district were
sstirn,dTd EST ,ds IS per cent hiEher than for the
an early demand for Winter goods Bank
clearinEs totaled S50,20O 900 against
$5S, 100000 for last week. Steel produc-
tion in the Birmingham area fell from
cHICAGo.--sears, Roebuck & Co. re-
oSer a 1nSr an sffxs sndsa q
IS per cent over the like period Of 1895.
This was the second largest four weeks
sales in the history of the COMPANY ex-
ceeded only by last years christmas
ST. JOUIs.-Retan trade in the eighth
district last week ran steady to slightly
lower than the like week last year. Whole
sale activity, moderate. adversely affected
to some extent by weather. There was
heavy increase Of employment in the
MiNNEAPoLIs~Carlo in the
Northwest for the last quarter were esti
mated at about $4,000, or 10000 over
the like period year ago.
KANSAS CITY.-Retail trade for all
lines was generally even with year
Sales b per under
the like week last year. Wholesale turn
DALLAs.-saies decreased in the ma
3oYity of reporting Dallas retail stores in
the past week compared with the like
week year ago. Declines RANGED to 20
SAN YRANc1sco.-Businsss was slower
along the Coast, in both retail and whole
sale lines. Manufacturing also slackened.
Wholesale trade was brisk.