Interesting: Report of League's 's Economic Conference: This Year's Commencement of Consolidation Gi neva, July 1.
According to the report of the! Economic Conference of the League fof Nations, which summarizes the present situation in regard to trade, general the industry, agriculture and various!
economic. questions, The report contains the following' passage:
"The aggregate production of wealth in 1628 was certainly not Below the level of the preceding. year. The output of foodstuffs and. raw material was either maintainer or increased. In the extractive and: manufacturing industries, further headway was made in the policy of rationalization. International trade continued to increase, not only in volume, but also in value. F-anemic life in' general enjoyed the benefit of greater monetary stability, the effects of which were naturally' particularly marked in Burope what different results for xgricale ture and for industry. Agriculturat production as a whole increasediconsiderably, though unevenly, im volume; but, owing to the dowa-ward trend of prices, it is Jificulb to estimate yet whether there was any substantial increase "riy total selling values. The data concerning: industrial production convey the iat= pression that the rate of advance fended to slacken in 1928. "While production generally averaged higher than in recent years, and noiable progress was realized in som" directions, the level of 1027 was tot maintained in all industries or all countries, On the other hand, the falling: tendency of prives. was Inigely arrested during the conine of the year, although several. isrportant trades continued to suffer from price depression, The report mentions the following particularly important factors:
Text read from the printed page and cleaned; old type leaves the occasional error.