Evening star., 1937-07-11
Trade
Continued from Page G-l)

ABOVE the comparable 1895 operating
rate.
But some authorities saw portent of
higher steel activity In a second boost
in the price of scrap following the
Spring decline. Export demand for
the industry's products has been the
heaviest in years
Foreign Trade Aided.
Expansion In foreign trade generally
was favored by passing Of the recent
French franc crisis and evaporation
Of rumors the United States might
cut its buying price for gold A
sizable export movement In wheat, the
first in several years, was expected.
Rail traffic for the week ended July
this year, pointing to a possible
Autumn psak around 100000. Build
ing expansion seemed to be making
slow but steady headway aided by
few large industrial construction
projects. Motor makers were among
the biggest spenders for plant i'm
provements.
The recent modest revival in new
corporate financing was halted, but
the broad upturn in bond prices en-
couraged investment dealers to look
for resumption Of financing after the
sultry season. With the upturn In
security markets, brokers and invest
ment houses had q welcome mid
wear windfall of business. Trading IN
speculative markets still was small.
however, compared with dealings be-
fore the Spring slump.
District Reports Given.
High lights in the reports from the
u Federal Reserve districts follow:
NEW YORK.-Retail trade Still rasged.
Building below expectations. Hot weather
stimulated demand for seasonal goods. but
stores failed to match last years results
Textile markets were stronser; Labor
difficulties held drawback to building COM
BosToN-Activity in cotton. wool and
leather markets increased little hetsli
sales rated 2.5 per cent ahead OF last year
combed yarn mills in an effort to keep out.
put in line with sales. New England
Council reported every evidence the 1913.
recreational season will be the largest
PHILADELPHIA-Ma stores reported
decline in trade compared with last year, ,.n.
but average showed some gain. June
building permits s2.117,eso against 81;
225. $50 last year. Wholesale trade, and
industrial production hit by seasonal de-
RIcHMoND-Retsil trade aided by de-
mand for Summer and holiday goods.
reporsd aG19
debts. S4l,3o600o against S35,32@ 900
ruu ... .r.r.a. ,hauoa
small III gain a over % previous week, with Atlanta
department store business figured "A per
cent ahead of last year considering holiday
ham district up slightly at 96.2 per cent
Of capacity; June building permits. $685.
soc nss,ass x.ssb,, last year
sale Of seasonal goods Attendanc. At
home furnishinss show 20 per cent ahead
Of last With Md. 0Sk
June in Cook County. s920e.s24 against
CLEVELAND., D.,cieveland steel operat-
inR, rate estimated OF . points at a per
cent Of capacity, Youngstown rate down
week. Retail trade reported slow Weekly
With year ago, Industrial employment in
June. June INCREASED increased S9 per cent over 1885
M1NNEAPoL1s-Hot. weather. spurred
Tor clothes
last year. Insect damage to growing crops
held slightly. retarding factor. western
Dakotas need rains Industrial employ
ment UP moderately.
ST. toUIs.-Federal Reserve Bank re-
ported retail trade held gain Of about Is
figured UP about 10 per cent. Moderate
expansion seen in employment and pay
rolls. Bank deposits increased. Fruit
and vegetable crQps promise better Yields.
st. Louis June building permits. 1892, ,5,2.
against Ss07 425 last year
KANSAS CITY.--Daily trade average
showed 10 per cent gain over last year.
Bigger wheat crop main feature of busi-
ness. One-day arrival Of wheat in Kansas
City set new record. Building has slowed
because of strikes, but permits for first
six months ran 40 per cent ahead of last
year
DALLAS business losses tenn
pered by favorable cotton and wheat con-
ditions. Most retail stores reported gains
over last year. Bank clearings up 12.1
SAN FRANcIsco.-wholes trade
relatively better than retail, Outlook for
farm incomes held good. although poultry
and dairy lines were hard pressed De-
partment store sales estimated slightly
below last year. Collections spotty. Pa
cif1c Coast business index at 967 per cent
of 1880 average. a slight drop from pre-
yyious week but Al per cent ahead of