The Federal Reserve Board's index figure of production in December will be about 80 compared with 90 in November, according io Mr. Mariner S. Ecoles, Chairman of the Board, In the Spring, production reached the high level of 122. a The Senate Committee, investigating the question of unemployment, was told to-day by Mr. Isador Lubin, the Commissioner of Labour Statistics, that some 2300.000 operatives will have lost employment during November, December and January.
The chief feature of the annual reports of New York banks is the substantial gauns in surplus profits, together with a general reduction of loans and deposits with a resultant Gecline in total assets. In contrast, smaller loans and discounts of most
nited States Government securities.
show increased holdings of—Reuter, 1
Four months free from the effects of ao last hostilities, T destruction, as the possible im a be Chine:
e authorities bombed and burned Japanese The top picture above shows old Chi boats s of the litter-strewn yard of
Text read from the printed page and cleaned; old type leaves the occasional error.