Show THE FEDERAL 8 E B INK REPORT S sils il S district industry and trade continued to expand sharply during july and activity in practically every important line of production and dis trib ution was higher than in july 1932 employment conditions improved substantially during the month aggregate wage payments also increased and for the first time since the autumn of 1929 indus trial payrolls in california exceeded those in the corresponding month of the preceding year harvests of grain and fruits are expected to be smaller in the aagre gate than in 1932 marketing pros pacts are more favorable than a year earlier consumption of electrical ener gy increased considerably lumber mills operations contin aed to expand value of engineer ing contracts was extremely small during july but building permits is sued increased somewhat further daily average sales in department stores increased about six per cent sales of new automobiles remained comparatively high twelfth th district banking funds were reduced but total reserve inci eased banks borrowed the demand tor for currency decreased in the early part of this period but in creased slightly in the first halt half of august for the first time in more than three years loans of commercial banks have recently shown some ev idenie of stability investment hoi hol dings have decreased moderately since mid year A slightly down downs ward tendency in time deposits since the beginning of may has been more than offset by increased demand deposits at the end of farch parch banks were operating on an un restricted basis by the end of july the number increased to there was a rapid extension of branch banking chiefly in washington and olegon henry hansen F P L brasher and oliver davis returned last week from b a house for glen bellander on cherry creek near baker ne vada the former house had been lost by fire frank beckwith Beckwi tn notary public |