Show WEST'S TRADE I CROWS I Federal Reserve Reports Reports I Generally Improved Conditions SAN SA A- A FRANCISCO Aug 29 Improvement nt In business es and AMI trade In the Twelfth federal re- re re-e re servo serve district first noted during durIn June continued during July Jul and general business activity during I the latter month was near the 1 highest levels of ot the year The Tho prospect of at satisfactory yields of ot ott the be t districts district's principal crops and favorable market marlet conditions for crops and live stock IStock were im im- important factors In the maintenance of oC trade volume dyeing diving the month Industrial activity Increased sea sea- seasonally seasonally seasonally during July and as us In the tile previous month was above th tho le level leel el of a n year ear ago lIgo Gains In In Industrial In- In Industrial I were report report- repol t. t I d d In iii all states of ot the district 1 during 1 July Y 1926 as s compared compare r with July 1924 The Tho volume v f of I credit extended by reporting member banks during July I Ib was the largest ever recorded but borrowings b o from the federal i I Ir r reserve ser e bank continued relatively I malt mall In amount Value of oC building permits Is Issued to- to I sued In 20 principal cities titles of oC this I district during July Jul 1925 1926 was 75 per cent larger than the value I of ot such permits Issued during July Jul 1924 and exceeded by b 3 s st I per ter t er cent the previous record fig fig- figures fiEF I figurea ures urea for Cor July reported In 1923 During July JUI the flour milling industry of ot the district continued I Ito to operate at the low levels of oC the she first half haH of ot the year ear but an Increased demand for Cor milling products was reported and millers' millers stocks t of oh flour O were reduced ce Pro Pro- Production Production i nOr of of 16 reporting milling I companies at barrels was I 0 O. O 02 2 per cent and 40 4 per cent smaller than In June 1925 19 5 anil anti July Jul 1924 lr and 26 7 per cent smaller than the five five- year rear average output for tor July Jul 1 |