Show BUSINESS INDUSTRY AND FINANCE monthly summary ary by federal reserve board juno june 27 1932 1922 1 the outstanding features of 0 the economic development during the month have been the continued and noteworthy increase in the physical volume of production and a continuance of the advance in prices noted for the month of may the wholesale price index number of the united states bureau of labor statistics showing an increase of five points or 34 pel pe cent for that month an increase of production is noted in highly finished lines of manufacture as well as in basic industries wholesale groceries and hardware show a very pronounced advance boniar april but in dry goods and shoes a seasonal onal recession is reported the retail trade for the first time in many months is in excess of that a year ago although the production of anthracite th coal has been reduced practically to nothing the production of bituminous coal of nonunion non union mines has increased somewhat at the same time that the petroleum output for tile the month has shown an advance as compared with april general employment conditions have taken a very decided turn for the better in some lines a scarcity of labor is now reported as tor for e ex ample in the steel and building trades demand for agricultural labor also continues upwards of 01 fundamental interest has been the continued downward tendency of discount and money rates in the new york market the charge for call funds has been as low as 2 per cent rates for commercial paper have also tended distinctly downward during the month the federal reserve banks of now new york and boston reduced tile the discount rate to 4 per par cent |