Washington, Aug. 28.
The Federal Reserve Board repo! for July shows that production basic industries declined slightly during the month, although less than usual.
There was increased activity textiles, flour, cement and petroleum. Iron and steel and automobiles showed decreased activity.
The wholesale and retail trade Mr, Firestone pointed out that American capital would enable them to develop 500,000 acres of rubber in the Philippine Islands if the bill passed the local legislature, He expressed the opinion that America would eventually be able to supply her own market—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.