| Show BUSINESS STABILITY AND TRADE ACTIVITY Y FEATURE YEAR ACIS 1925 I 1 az new Ai annual inual record established lut yea in strict district for building permits total half billion activity in general beneral 11 mud trade to in ali the twelfth t fedrial reserve dj di diarl tra trl j was wits t high level levels during december I 1 as i it was during the greater part of the year 1923 1925 accord according ug to the monthly report ot of business bus hiss condition conditions in the twelfth district made by john per rin tin chairman of the board seasonal coL contraction traction ji demand for credit was note I 1 during december anil the volume of credit extended both by reporting member bank banks and by the reserve atuk declined luring the month debits to individual accounts bank debits at banks in 20 principal clear tag ing homo house enters centers of the district a measure of total trade volume were 14 4 per cent larger during december 11 th la during november 1025 15 and 10 6 per cent larger than during de do rember 1024 1924 the increase luring the hio mio th h exceeded the usual seasonal oca ional in 11 revoc december and anti this wit bank banks index adjusted for seasonal variation from to 1919 1910 aver age equals in dee aber 1924 this index atoo I 1 at total of bank debits at 20 report reporting mg cl eiring house center centers during the year 19 1025 25 exceeded the total for 1924 and 1923 by sy 10 8 per cent tent and 13 0 per acut respect ethely liely I 1 A mew annual reco a in value ot of i building permit permits issued in 20 thier ot of the district sa L during 10 5 A total of 70 1 permit permits sit n thor zing construction valued at wae was issued during the year the fig figures ures or of value lightly slightly gradet than ho of if 11 01 19 1 l jl 1 fb 1 0 arn rot itus record year value of permits issued la in these cities during december wf 1497 was per cent greater than during ding december 1924 1024 compared with a usual season 41 increase from novera ber to december estimated at 3 94 4 per rent tent lumber production at reporting mille mills at of the dimtrie dietr di irk declined seasonally dur ing decerb Dec embT r volume of 0 shipments increased and volume of orders received decreased leere aeed slightly elight ly the industry gen erakly was more active however than in december 1024 during the year of lumber as reported by four whose whoso members op crate erato in this tl 41 district strict waa VMS approximately oey bijj 11 per cent larger in than in and 11 to or slightly greater than on in 93 be he previous oue record ye year at volum yol nn shipments and us order orders re dived ais alo exceeded previous records during daring december output of re to porting flour mills was 0 9 0 per cent eat leu less than la in december 1921 anil 60 0 per tent eat smaller than tha the fire five year average for or that month mouth the flour milling industry of the oli operated at loer level levels daring the greater part of 1925 itan at any time daring mhd pre prevail viris f tv year ream trade at retail Ae acreage rease by more than t 12 the h sus a seasonal Jeas onal u during december 1023 1025 am lodes index based up 2 the dollar values of males ale rf r ported by 32 department ktores tore adjusted for men mial advanced from in november to 14 10 la in december equal equals the computed roto of stock turnover waa was 3 13 timea times yer year during 1925 compared with times per year in 1924 reporting porting Be tet retailer Ailers inventories at the close of 1923 1023 were 1 5 per cent tent larger thoa at lue the close of 1924 value of sales of reporting wholesale whole eale per cent greater ay iy z december 1925 1025 than in december 1924 1034 seven of the too en lines for which complete data are aval available lAble showed increased sale sales as corn cum pared parea with december 1924 the indrea pa Ps ranging from 5 88 8 per cent tent for automobile supplies to 22 2 per ce cent for fur alture otal am annual nu al pales sales of an identical group of reporting wholesale lime firms in eleven line of trade were in 1823 1925 compared with to in 1924 total sales 1 in three of the eleven line lines automo automobile supplies dry good goods and groebli gro eeli ceilA were smaller however in ila than in 1924 the bureau of labor les index of wholesale pia pi A 1013 equals declined 0 8 per cent during december lao p and stood at 1533 13 U ns as compared om pared with 1573 in november 1925 and 1670 0 in december 1924 Stab luty of the demeral price level was a noteworthy feature of the business bui ineas situation dur ing tho the year 1925 eo so be cause stability Is contrary tont to past ex patients peri enca in yeat yeats of great activity in ladu industry stry find lad trade some tion of the bourre u general prices ii Is afforded how however eor by indexes compiled by tho the federal reserve board showing bricea of do domestic good goods goods import ed and good exported indexes of the first two groups have fluctuated iu in approximate accord with the domestic dom eatie business buein cea situation but the index of prices of goods exported ce elined sharp ly during daring the year the horizontal horii movement of the general price level hue has been the resultant of these price movements delsid for credit in the twelfth fed er eral A district de decreased Teased from 1 detlaw to mid jannary C t partly seasonal ena onal movement total boltus 1 of r member lunk ta declined dee linc by W or 2 8 p cpr during the four week weeks ending january cent 0 the result of 0 decreased loan loans ot of an a and of an mailer taller holding holdings ot of in fu vetra ent borrowing of 0 these baafi from the federal reserve bank of 0 faan a declined by per to t ut or |
