Show I FAR WEST IN PRETTY GOOD GOODaT t aT SHAPE BANK SHOWS REPORT REPORT SHOWS 1 copper Prices Shrink But Recover Somewhat Credit 1 Relatively Cheap and Less J Then Than an Usual Unemployment Seen 1 SAN FRANCISCO CISCO Nov 27 11 17 Actie autumn trade activity In Industries and a 0 less tItan than seasonal amount of un unemployment unemployment em- em employment are reported In the state state- statement i ment Issued today by the federal reserve board boord tor for the twelfth die dis- district dietrict dis district comprising the sa states tea of Arl- Arl Anzona ona Arl-ona zona lonn California Idaho Nevada Oregon Utah and Washington VI w u The rhe record for tor October shows a 1 1 greater than seasonal sel Increase In In inthe Inthe the volume of ot business transacted measured by sas as a the report as debits to Individual accounts and carries a s suggestion of ot continued Ity In it Its figures of ot buildinG permits Issued Eliminating season season- seasonal seasonal al 01 variations debits to Individual H accounts at banks banke In 1921 report report-lna report report- In ing clearing house centers were I 19 2 per cent greater during October Octo Octo- in o 1922 ber 1923 than during October and 3 9 cent greater than dur dur- Ing September Prospective e building operation I assumed record proportions durin during vf m October when the number t ot of build build- building tog ing permits Issued In 20 large cities I located f In all sections of ot the tho die dis- district district wa was 13 3 per cent greater than thanin thanIn in the previous pre record month ot of March 1923 1922 Bank credit for financing this increasing business activities as aswell aswell awell well as 88 tor for harvesting and market market- marketIng marketing the district ai-A ai i A haS bas ha Ing the V crops ot of continued abundant and ely cheap Total loans of ot 66 re- re reporting re reporting porting member- member banks at be- be below below be on nn November No 7 1 were low the autumn peak i ot of 1008 n reached ached on September 12 Total deposits ot of these banks banka de- de dined approxImately during October a 0 movement mo con con- contrary contrary con to the general trend ot of re- re recent recent cent months which has haa been char char- characterized characterized char by increasing i ai deJ deposits loans oana narro ly fluctuating reduced de- de bIg investmentS mands manda upon the federal reserve bank Total discounts of ot the fed federal ted ted- brad eral reserve bank declined from on October 18 to 57 67 67 on November 17 27 the lat Itt lat latter ter tr figure tl re being being- the lowest reached since April 1123 1923 23 and 38 88 3 per par cent betow ow the peak figure of the crop moving season se reached on Septem Septem- September September ber bel f 6 last Interest rates tended I f slightly downward during the lat lat- latter latter lat latter ter ter part of o October and tho the first weeks of ot November No abatement of ot productive ac- ac activity activity ac In the Ute principal Industries ot of the district appeared during Octo Octo- October October ber ben and a less than seasonal am- am amt am amount ot of unemployment t was reported reported report- report ed f- f Accompanying the continued ex- ex ness cess ess of ot production over consumption lion tion of ot copper market J prices for tor that metal declined during late Oc- Oc Oc tober and an early No November ember to low lot levels 12 y cents cent per pound for tor forthe tho the year but have since November 19 recovered to 13 18 M cents per pe pound Wages Wa of ot skilled and un- un unskilled unskilled skilled miners at the principal cop cop- copper cop per er c camps of ot Arizona and Utah were reduced 60 50 cents a day on No- No November vember 1 Distribution of ot goods at retail proceeded actively during October and o marked Increase In trade at was W noted The general price level today Is isa a 0 fraction traction of ot one per cent lower than a a year ago Completion of ot the harvest o ot of the district crops has haj brought brough confirmation of ot reports of or better than average yields ot of o most farm products Weather Wather con con- con have hase been favorable trans trans- transportation facilities have been more mon nearly adequate than for some and market although al al- al years past put prices though hough depresses In some cases have generally permitted profitable disposition ot of the crops grown |