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Show vudiiiooo, million j aim midiibc In The United States Monthly Summary by Federal Reserve Board Docombor 27, 1922 Tho volumo of production and mills, toxtllo mills, and bulldl omploymont continuod upward la contractors In Eutom district November and pricos rec stored wi,ni...i. o.i . ;S"i' . ho a further advance n. Production: Contrary to tl UBual trend at this soason of tl no yoar, producUon la baslo indi) m, trios In November continued Tl- Increase. Slnco July, 1921, wh( 0(1 production was lower than at ai tlmo ln recent years, there h boon an almost uninterrupted rl a month by month. Tho Foder 21 Roservo Board Indox of prodt ng tlon, in which allowanco has boi . mado for seasonal changOB, sho oa that production in basic indi i trios during Novembor was 10 por cent highor than in July, 19J and 7 per cent highor than Octobor, 1922. Tho chief s vances from Octobor to Novo: Is bor woro ln mill consumption ho cotton which reached a month 3m total exceeded ,only onco sin t 1917, and ln tho production of i Iron which was larger than any time In tho past two yoai iso Uullding operations woro ma vq. talncd on a largo scale despl tho approach of winter. Final estimates for tho yoi io placed tho ylolds of all prlnclt nt. crops ahead of 1921, excopt tli a of corn which was unusual large ln 1921. As a result thoso largor yields and tho high 3re prices as well, tho total fai mp value of crops grown In 19! op. basod on prices rocolved at t . farm, as of Docembor 1, Is ot mated to bo 25 por cent larg than ln 1921 but 17 por cent lc ln than In 1920. on- Increased production was i , companled by continuod hea frolght movement Tho to D0 number of railroad cars load ets during November was substantl .go ly larger than In tho corrospoi lng month of previous years. T decline ln tho demand for ce 6 slnco tho Octobor peak and further docroaso in tho proportl irk of cars out of repair linvo rest or. cd In a considerable reduction tho frolght car shortage Demand for labor continuod lncronso, as shown by tho volui of omploymont at Industrial tabllshmcnts. Local shortages labor woro roportcd by sti prices advoncod during Nov ne bor and roachod tho highest lo no since March, 1921. Tho riso two points in tho Bureau ot La to statistics indox to 156 was on chiefly to ndvancos In tho pri ny ot farm products, foods, i &s clothing, which roso to tho hi so est point ot tho yoar. Thoso ra vances moro than offsot tho JO cllno in tho prices ot fuols i on metals. wo Volume of Trade: Wlioloi us- trado In linos roported to Fodi 52 Bosorvo banks was substantli 21. larger, during November than in corresponding month last yi ld- Sales of department storos i n mall order houses during Nov bor woro also largor than a y "5" ago, and reports on Christ! 'oo trado thus far rocolved lndlc 'E sales largor than in either 1 at or 1921. Tho volumo of paymc by chock was 7 por cont smn m in Novembor than ln Octobor, lt partly to tho smaller number business days, but was 10 w cont largor than in Novom ?al 1921. at Bank Credit: During tho poi Hy from Novembor 22nd to Doc ot bor 20th, Fedornl Resorvo bo or hayo boon callod upon to sui rm oxtra currency noedB of holl 22, trado, and this domand is roll Jjo ed ln nn lnc'foaso of $157,000 ln Federal Resorvo Notos cl 5er latlon, bringing tho total to 588 hlghost point for tho yoar. decllno of 143,000,000 In gold ac- sorves was also largoly duo t ivy creasod uso of gold for curro tal purposes. Tho total earning on sets of tho Federal Itosorvo ba lal increased during tho period 1 nd- 000,000 partly In rosponso to he domand for curroncy, and pa "-BA1, m consoquonco ot hoavy gov .& mont opeatlons on Docombor 1 Ion in tho four weeks prior to Dot Jit- bor 13th, tho loans nnd ln In monts of mombor banks In 1 ing cities woro llttlo chan to though in tho latter part of mo period a ronowod domand os- manlfostod for commorcial lo offsot to somo oytent by a doc eel in Investments. |
