Show business conditions 11 in z the twelfth th federal reserve bisti district jet from tile the official monthly report business activity in the twelfth fed federal oral resolve district increased inci eased during november 1926 as complied with october 1926 but total trade volume is estimated to have been slightly fitly larger in november 1925 this banks index of bank debits in 20 principal cities of the bisti district act a measure of business activity declined during november for tile the fourth consecutive month at 1913 the index 3 as 5 4 per cent ion lover er than in ill october 1926 92 per cent below the peak of july 1926 and ll 11 l l per cent higher than in november 1925 seasonal influences have tended to maintain demand for credit total loans loan and discounts of reporting mem ber e banks increased from on november 3rd ard to on oil december and total deposits increased bioni to during the same period demands upon the Fedei reserve bank of san francisco have been i datively light for this season season of the year the total of bills discounted at SU SUS on deco december n being or 24 per cent smaller small or than a year ago value of oj district sales at wholesale reported to this bank by firms in eleven lines of trade declined 76 per con cen during november 1926 as com kaied with october 1926 the ic ported decline was smaller than that which usually occurs at al this season of aj the year but in interpreting the figures account must be taken of the occurrence of five sundays in ill october 1926 which deduced the number of trading days in that month compared with november 1925 reported value of trade at w wholesale bole sale during no ve vember niber 1926 declined 08 06 per par cent a decrease accentuated accentuate by the fact that int ro was one more busine b lay day in in g november of this s year than in ill no ity vember of last bear ear r 9 this banks index at retail department the I 1 uld part ment stores in seven cities which us is corrected for seasonal fluctuations ro iro i stood at agg 1919 monthly average hat alas loo dining november ber 1926 but complied with in october 1926 I 1 nae imd and in november 1325 the ad j I 1 ance in the index from october to ory I 1 november was vas due to the fact that the actual zales pales dec decreased leased by less than ui at tho the usual seasonal amount again the the insult partly of changes in the num rebe of business d days ays referred to above air aar seasonal dr decreases eases in industrial ac sch tima and in figures of t he the dist oneie eio reported report ei throughout during november 1926 and mail activity generally was slightly the levels of a year ago ig S a u urs r s anti 1 i asor ow thea |