Show HIGHER PRICE TREND SHOWN Industrial Production Also Makes Slight Gain Cain Federal Federal Federal Fed Fed- eral Survey Sho Shows s WASHINGTON Jan 26 A JP-A P A trend not only toward higher wholesale wholesale wholesale whole whole- sale commodity prices but also toward toward toward to to- ward increased business activity was noted today by federal agencies that thai keep tab on such figures The federal reserve board stood b behind behind be be- hind a statement that n a month four-month decline in industrial production was halted in December In its Hs own words the tho boards board's index of industrial production production pro advanced from 73 per cent of the 25 1923 avera average e in November to 71 11 in December It noted also nearly a billion dollars of ready business business bustness busi bust ness credit at it hand The bure bureau u of ot labor statistics reported reported re re- ported that during the week of January January January Jan Jan- uary 20 its Index figure on the level of ot wholesale commodity prices rose from of the 1926 average in the previous week to the highest lc cl since January 1932 Although the reserve board stated that factory employment declined somewhat last month there was a I considerable increase in employ ment meat by public agencies I |