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Show niBOROEMAND L GAINS IN WEST I irked Activity in Indus- I I ry Reported in Reserve W Bank Review. LjC FRANCISCO. Oct 2 Markod ' Ifrlty In lndustr which, In this j flvlCt Is l:irjfc; . onCTIT 'l with till i IliD' handling f raw mat-rials. gUnueil durlnjc August nnd the first i Ifft Of Set- n.hrr I'.mand has In- Iglf 1 fr,r Loth skilled and unskilled or, particularly f.'irm workers, ex-Eiencfd ex-Eiencfd copper miners, and skilled ldlng trades artisans, a shortage of e or mor- of t'l. ( lasses 01 w pn;-i pn;-i b hftvinr .. . ',oprd In a few sec-jS, sec-jS, In ODO of Che copper mining Itriets Arizona. mining om-nlta om-nlta har- recently announced a untar !,v rr. so of 10 nt in T.l MBITR ACTIVE. S Ifrh lun.l.. I" w.-li.'-trv I- per cent r actiw than It waa a v.. r r I I both d"inestle and foreign mar-IB mar-IB ar" hiiinf in Wire quantities. c for re hazard, whlcn has fn par . r iy serious this year due I (he loni: dry season, was dispell I ifreneral rains during August and gins; :;'ti!t- Inrn-av. I Immedlate- production of logs on September ' La tstimated to " i " --nt of kmal comparer) with -In r . nt on !! K0t 1 Increased output of all the principal metals produced In iatrlct, irold, silver, copper, lead l(nc. l- shown by figures Kr July are the latest available. Re-from Re-from the mining districts indl-contlnued indl-contlnued Improvement during ft. Demand for all of these 8 has Increased during the past pd prices have risen accord-Further accord-Further evidence of Increased ty In lumbering and mining la Ined In the reports of the prin-ejectrlc prin-ejectrlc power companies of the ct In July. 1922, electric pow- IKmpanles In the I'.n Ii'le rn.rt'.i-lt rn.rt'.i-lt Increased their Sdles to the lim-ndutry lim-ndutry "a i" r ciil mor July, j I, and. In 'Ik- disirh-t as a whole, 1 b to the mining Industry were 18.7 IbeDt greater In July, 1922, than ! j Billy. 1 ' -' 1 !: cords of produc-i produc-i and - ol stored stocks of i ; l In i again broke.! mg Aug .rage daily pro- Jon at :t s . 2 2 2 barrela was the lest fig': re . i reached . -id fd K'". "tl S l t lllleT 1 at 64," f 194 ba rr. ' r 1 i ..J Klnr.e I" the past tl'-- v.irs. The 1 iber of biilldlnr p. rmlts Issue Ing August was greater than rj month sin ' re, ,rds were first ' ijnbled in I'M", and the value of ected . onst no tlon has been cn-! cn-! tod onl twite, in April and June Ills ear BlETAII, I R I1 IN I'Olt 'IS. f' vor.iNe report" I urue from the. 11 trade Tlo .ilue ot sales of ppresentatp. department stores In list, 19'.'-'. " as .". T per cenl g I ban in Augu t ir.2i and approxt- Hy equal to alue Of sales j Hie same s'ores in August. 1 ! "' sessona! In r.n . In ctlvit eus- ry In many wholesale lines dur-I dur-I first week of autumn was d Seven of tin- ten reporting i lines experie nced inereases in the 'value of their sales In August. 1922. 'compared with August. 1921. Charges to depositors accounts (bank deplts) In the banks of tho 20 principal cities of the district were 7.7 per cent greater in August. 1922. than in August. Aug-ust. 1981, a leas favorable showing than In July. 1 922 when an Increase i of 12 per cent ovr the corresponding correspond-ing month a year ago was reported, 1 but Indicating that business activity : gencraly has not been materially cur-1 cur-1 tailed by the recent coal and railroad j strlkr-8 Business failures continue above normal levels. l ATHKIt PAYOR AHI I i "Weather conditions up to September Septem-ber 16 remained favorable for tie agricultural crops of the district, and the harvest Is expected to yield In most cases normul or larger than noi -I mnl quantities, Forecasts of the l'.22 I yield of wheat remain unchanged at , 08.000.000 bushels. 24,000.000 bushels less than were produced in 1921. but slightly In excess of the five-year av- 1 'erasre proiluctlon Movement of this I season's crop to market up to September Sep-tember 16 has been unusually slow. Flour mills are now frrlndln new crop wheat ;inl In August. 1922, operated op-erated at 4 7.2 per cent of capacity compared with 2S.7 per cent in July 1922. and 43 0 per cent In Augu-i, 1921. The carlot movement of fruit from California to September 1, 1922. was larger than last year to the same date, but prices received have averaged aver-aged lower than In 1921. Shortage of refrigerator cars Is hindering shipment of the large grape erop. The 1'nited States bureau of labor Index number of wholesale prices, whh h Includes 404 comma lltles In all 't:irr.-s of manufacture, remained y-ehansed y-ehansed at 155 in August. 'llite-Nri-) dex has Increased 12 per cent since I .h.nu.iry. 1922, when It stood at 138. I In a selected group of products of I hls district advances and declines in prices during the month wi re almost ' equalU dl idtd. IX HAND FOR ( ill DM ft lUErcueu ucm.iiii; lor uann credit appeared in the larger cities of the district during August. Com- mercial loans of 6S reporting member j banks Increased from $700,138,000 on 'August 9 to $709,934,000 on September Septem-ber 6 or 1.4 per cent. The same banks had rediscounts and bills pay-! pay-! able with the federal reserve bank upountibg to $ 1 3. (us. ooo on September Septem-ber 6 compared with $9.3fi2.000 on August 9. I'ountry banks, aa a Rroup, on the contrary, reduced their borrowings bor-rowings from thi bank -luring th-month th-month and on i.iber l .1 the tot. I discounts of the federal reserve bank were 188,000 below the (48,388,000 held on August 16. Interest rates I charged their customers by banks r. ' the principal cities of the district remained re-mained unchanged at .". to 7 per nt In the large coast cities and 7 ; per cent In the Interior centers. |