Show LARGER TRADE I AT WHOLESALE Retailers Also Enjoy oy Bigger Demand Than One Year Ago WASHINGTON Oct 29 Re Reports Re Reports ports to the federal reseT e board cos CO ering business conditions dur- dur durIng durIng dur during ing the last six weeks show that trade was tie largest iTt In three sear years co that retail trade In- In Increased Increased In Increased creased nine per pcr cent 0 over oer er a car carago carago ago although the seasonal I increase oer cr business was n than and that production ot or b h tiC commodities declined Employ Employ- Employment EmploYment Employment ment was maintained at the high Icel cel I of or the lat la t several se months month While a review re by the tho board Loard I ho hosed ed a decline of ot five per In U production In the six week period and a reduction of ot 10 per 10 per cent rom the peak reached In 10 Mab some ionic commodities Including ce- ce cement ce cement ment nent and sugar ere pro pro- pro produced In larger quantities than In Inthe ini tho i ho months Immediately preceding preceding- JJ LESS sEW MW rw GS GS There also alo was an Increase In contract ward tor for and Industrial buildings Due to the In for residences re building construction a as a ahole hole ho however 1 er showed a reduction reduction tion ion as ns compared with Ith preceding month A substantial reduction In inbe Inthe be ot of o Iron and steel also was sas as ro revealed Distribution of all al classes claes of com corn commoditIes commodities by the railroads continued at t a high rate in September early October This condition the rele points out reflects the In- In Increased In Increased creased wholesale and retail tt a Ls well as the heavy hean stocks held I by September ret retailers lIers at the thc end nd of ot Septem ber bel er berThe erThe The rhe board found that retail stocks were 13 per cent larger nt at athe atthe the he end of ot September thin th on the same ame date Jear a J vear ear ago I The boards board's summary ot of o price changes hanges discloses that v i September quotations declined In Septem Septem- ber er for the eighth successive a 0 month and md building materials and also ilso were lower loMer 10 er Wholesale prIces it at large 1101 however 1 er showed hoed sho od an In- In InCI In CI ot of o two to t 0 per cent In in clothing foods bode and farm prod prod- products I Lids Prices of certain farm tarm products continued to Increase in the first firstI three I weeks of October the board reports adding that hat end and highest cotton quotations rc reached ched the high high high- I est cst st point In the tho curlent curl ent year sear ear Price of hogs ho however eer showed showell a 1 de dc de- de decline clinell cline ll B cK K IU RiSES rs The annu 1 seasonal In September bank credit began early in Septem ber her and resulted acc ding to re- re resen re reserve sen terse serve board I in III increasing the loan by member banI banks In the between leading cities b b be- be be tween heen September 12 and October 10 This Increase se the board sa sass 8 reflected demand chiefly the renewed de- de de mand foi tOI commercial loans u I a new high I ecord foi the r e on October it Il Money Ioney lates latea however ho showed sho an ahler tendency and aud after arter Septem Septem- September bet ber IB 16 declined commercial rates de- de de dined an a ae e age ot of about one one- one fourth fourth ot of one per pel cent |