Evening Star Newspaper, June 2, 1929, Page 29

THE SUNDAY STAR, WASHINGTON, D. C. JUNE 2. 1929_PART 1. * EXPORTS" VOLUME | AT RECORD LEVEL | Official U. S. Trade Figures Reveal Large Foreign Purchases. B the Associated Press. Possibly the most notable showing in the current week’s release of official trade es in Washington was that demonstrating maintenance of extraor- | ional exports. y enc foreign trade fleld | in view of lower g, indicated the ecord quantity on for April in the ported to have run illustrated by the a third successive d_freight car ngs, was equall Notwith- ing, the level of wholesale pri dropped to a point 4 per cent below | that of last year, grain and cotton leading the fall. While stringent ns remained in collateral | kets, the Federal Reserve bank | 1 Washington refrained from | any new pronouncements o million iabilites. Steel Operations. “The volume of trade during the! veek ended May 11, as reflected by | heck payments was smaller than the previous weck but larger than a year » the Commerce Department said ! weekly review of business condi- ions at home and abroad. “Operations in steel plants were on lower level than in the previous week, ut were more active than in the same beriod of 1928. The production of rude petroleum during the latest re- forted week was smaller than in the revious week, but greater than a year . the output of bituminous coal howed a decline from the previous eck and a gain over last year. Lum- der production showed similar compari- dons with both periods. The primary | dJiistribution of goods, as indicated by freight car loadings covering the latest feported week, was about 9 per cent eater than a year ago. “The general level of wholesale prices lhowed a decline from the preceding ek and was more than 4 per cent bwer than a year ago. Prices for iron d steel showed no change from the receding week, but averaged higher fhan last year. Cotton prices showed clines frem both periods. Loans and counts of Federal Reserve member Banks showed a decline from the pre- Jious week and a gain over last year. terest rates on both call and time pans averaged higher than in either riod. Bond prices showed further re- dession from both the preceding week d the corresponding period of & ar ago. Stock prices declined from hhe preceding week, but were higher than last year. Business failures were fmaller in number than a year ago. Receipts of hogs at the principal Qrimary markets during the week end- dd May 4 were greater than in the ame week a year ago. Cattle receipts, owever, showed a decline from last sear. Wheat receipts and receipts of dotton were likewise smaller than in fhe corresponding period of & year go.” Canadian Activities. Canadian manufacturing plants in the Eastern region were found to be nning on high production schedules, the review said in turning to foreign atters. A congestion of grain await- ihg shipment at lake ports was also oted. In South America, Brazilian ckedit stringency was said to be pass- ihg over, though business failures have while Argentina was In been serious, clasced as enjoying good business. duba business was declared to “h sfabilized itself on a certain low leve a result of prolonged periods of d pressed sugar prices. In both France and Germany, failure ¢ get quick settlement of the war repa- rhtions differences was treated as a cause of dull business. England, less disturbed by this, was viewed as evinc- ing “a slowly improving industrial sition,” though its coal in stilll found to be producing in excess e 7Y | CHAMPIONSHIPY and we missed, i BEGIN,TODAY TO _ _SHAMPOO' | YOUR'HAIR WITH Cuticura <~ Soap + Ak MAKE a thick suds with the Soap and quite warm water. 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