Evening star., 1937-11-07
Industry
Continued From Page ELY

the time, with buying coming from
banks and other institutions, invest
ment circles said.
The average of commodity prices
slipped to the lowest point since JULY.
1886. There was heavy selling of
grains, while prices were marked
down for such important industrial
staples as copper, lead and scrap
steel.
Reports on business conditions from
the IL Federal Reserve cities follow:
BOSTON,-Retail sales were los
per cent under the like week last wear.
Bank loans decreased moderately.
Deposits increased slightly. Some
signs Of interest were noted in the
cotton gray goods market, but sus-
tanned purchasing needed for recov-
cry was lacking. Shoe production
was under the level of the correspond
Ing period for the last two years.
Retail Trade Mixed.
NEW YORK.-Retail trade was
mixed. Some stores reported slight
gains over last year, others sizable
doVnturns. Manufacturers noticed
the effects of the slower pace of retail
turnover.
PHlLADELPHIA.-Warm weather
retarded retail sales. Business in
mems furnishings was good for
higher-priced items, but Jagged in
lower-priced brackets. Factory out
put was spotty.
CLEVELAND.-The Federal Re-
serve Bank reported the debit rate
up ll.3 from the previous year. Re-
tall trade reports showed gains over
last year, but a drop from the like
week year ago. At Toledo dollar
volume of trade was down 10 per
cent from the previous week. a.
measured by bank debts.
RICHMOND.-Retail trade in the
MIN Federal Reserve district showed
gains of about 5 per cent over 1895
"A representative Richmond depart
ment store reported trade up Is per
cent or more over the last week
IN october and attributed il to ia.
Forable weather.
AlLANTA.-Bank clearings in the
sixth district were down to s56 2Oo ooo
from s576o0ooo in the like week a
year ago. Steel production in the
birmingham area was at 81 per cent.
compared with Sd per cent the pre-
Cedlng week. Department store sales
were per cent ahead of last year.
Trade Less Robust.
CHICAGO.-Retailers reported trade
less robust than last year. General
business was about even with the
previous week. There was some hest
tatlon in wholesale markets. Dealers
SAID some merchants were unwilling
10 carry large inventories. Indus
trlal activity was about steady.
ST. LOUISA drop in retail trade
IN the eighth district was attributed
by the Federal Reserve Bank to the
lower STOCK market, a decline in farm
products and general disposition to
conserve cash" Wholesale business
slackened.
MINNEAPOLIS - Retail turnover
was about per cent above a wear
ago, with demand for winter wearing
apparel and other seasonal goods on
tne upgrade. Flour sales were slightly
ahead Of a year ago.
KANSAS CITY-Retail business
was steady, about per cent under
last year. Wholesale trade was 2 per
cent ahead of the previous week. but
slightly under 1886.
DALLAS.-Computed farm cash in
come in Texas in September was
around sloooOo,OoO. compared with
S870OO,000 in the like 1896 month.
ForWardings of all classes of live stock
to Fort Worth and interstate points
IN september increased 81 per cent
SAN FRANCISCO. Z Coast trade
rose, but was more hesitant than a
year ago. Some big city store sales
were from 10 to Is per cent under last
year, but others showed gains. in
Guiding Los Angeles. Wholesale trade
was slower.