Show I 1 EDER U I B BYK IAK REPORT FOB FOR MAY the federal reserve bank ol 01 san francisco says there was little perceptible change in the general state ot of the twelfth during april or early may industrial production remained about the same as in march and re tall tail trade was maintained at about the levels of other recent months factory employment and payrolls in the three pacific coast states was slightly lower in april thanin than in march total farm cash income in the twelfth district including receipts from federal commodity loans ex port subsidies and government ben befit payments has been somewhat larger through april this year than in the first tour four months of 1938 |