OCR Text |
Show Business Conditions in the U. S. This map represents business conditions in every state of the Union as shown in August, 1934, issue of "Nation's Business," official publication of the United States Chamber of Commerce. '"ho" gjtgjeysta) i Barometer of Business Activity ; j "'j"1" loo 1926-30100 ! 1 '0u 90 r 1 i x I i i ;, i : j 80 i to j ; ; ! i i , : lqS9 I 1930 1931 1 1933 1933 1334 I 1 BuSine:s Conditions as of July 1 There has been some seasonal a.uieting in distribution, accentuated accentuat-ed by hot or dry weather in wide areas. Industry naturally quieted after a heavier than normal spring run. Rains in the Northwest repaired re-paired some of thp damage done to early spring planted grains. As the heat and drouth extended to southward, cotton suffered in the western half of the belt while excessive ex-cessive rains affected Southeastern states. Early crop estimates indicated indicat-ed that nature might aid the farmer farm-er by reducing evcersiVe supplies V grain and cotton. Commodity prices have reached a three year high because of strength of farm products. Lower price influences were reported visible vis-ible in enlarged salss and output of autos. . Despite eight successive reductions reduc-tions in steel scrap quotations, manufactured man-ufactured steel held at the year's high levels of output and price until late in June; then showed a record reduction. Cotton goods production was curtailed in June to avoid over production. The Map Darkening of the map was mainly main-ly in the West, where heat and drouth affected crops and live stock. Some lost ground was regained re-gained in the Northwest. At pacific coast ports strikes retarded foreign trade and curtailed lumber outputs. |