Indianapolis Times, Indianapolis, Marion County, 23 February 1939 — Page 6
‘Hoosier Business in J anuary 13 Points y Under December, I. U. Bureau Declares
Predicts 1939 Trade Will Go “Over That of 1923-36.
Times Special BLOOMINGTON, Feb. 23 ~—Indi-
-ana's January business was down 13 points from December on the Indiana University Business Review
index chart released today. The Review said that January . business nevertheless remained five points above the computed January average for years 1923 to 1936 and it predicted 1939 Indiana business as a whole will be about 15 points above the 1923-1936 average. Indianapolis business, the Review said, followed the State trend in general.
‘Artifical Factors’ Cited
The Review called attention to the fact that some of the decline might be attributed to artificial factors within the chart itself and listed these factors as follows: Only partial adjustment of the chart for a variation in new car sales, auto and pig iron production occasioned by the introduction of new models in November instead of January. Reduction of the January newspaper advertising linage index occasioned in part by consolidation of newspapers in two large cities. Unexpected large Christmas. buying which served to make unfavorable a comparison between December and January department store sales. Power Output Down
Even so, the Review said State electricity output and stone production declined more than past seasonal performance, but little change was noted in the charts of coal production, cattle and hog sales, and bank debits lost less than the usual amount. Indianapolis newspaper advertising linage was off 22 per cent ~ from December and 4 per cent from January a year ago, the Review said, and building permits were 18 per cent over December and 30 per cent over January a year ago. New car sales were 18 per cent over December and used car sales were 92 per cent over January a year ago. Department store sales were “moderately above January a year ago.” The Review analyzed January business in the following cities: INDIANAPOLIS — Outbound car-
per cent under those of a year ago. Although inbound carloadings fell 5 per cent during January, they were 1 per cent greater than comparable figures of last year. Newspaper advertising linage fell 22 per cent during January, an amount roughly equal to that which is usual for January. January linage was 4 per cent under a year ago. Bank debits to individual account showed a contraseasonal rise of 4 per cent to a point 12 per cent greater than a year ago. January debits were higher than for any previous month since December, 1936. The value of building permits issued in January was 18 per cent greater than in December and roughly 30 per cent over a year ago. Approximately 10 per cent of these permits provided for new residential construction. Department store sales in January were moderately above those of a year ago. Wholesale drug sales averaged 5 per cent above last year. New car sales were 34 per cent greater than in January, 1938, and used car sales were 92 per cent more than a year ago. Total retail sales declined 51 per cent during January but were fractionally larger than comparable figures of last year. Livestock receipts fell 2 per cent and were 12 per cent under a year ago.
Permits Exceed 1938
KOKOMO—The value of permits issued during January, although only a fraction of the December
‘total, was much greater than the
amount issued a year ago. Approximately 15 per cent of the permits issued in January provided for new residential construction. Although postoffice receipts fell 34 per cent during January, the level reached was 5 per cent greater than a year ago. Retail trade, although much under December was about the same as a year ago.
LAFAYETTE—Industrial production, measured by commercial power sales, was roughly equal to that of December. Department store sales were 64 per cent under December and slightly under those of a year ago. Retail sales in general were 52 per cent under December, and 1 per cent under those of a year ago. The value of building permits issued during January was roughly 90 per cent less than that of December. About 30 per cent of these permits provided for new residential construction. Livestock receipts fell 13 per cent but were 4 per cent above a year ago. MARION—The value of permits issued during January was almost half that of December. None of the
loadings fell 2 per cent and were 2
January permits provided for new
residential construction. Postoffice receipts dropped 36 per cent during January but were 5 per cent greater than a year ago.
MUNCIE—The value of permits issued in January was only a small portion of the December total and moderately under the year-earlier figure. Roughly 16 per cent of the value of permits provided for new residential construction. Retail sales for January were 55 per cent under December but 3 per cent over figures of last year. Livestock receipts declined 12 per cent during January and were 22 per cent under a year ago. Although 'postoffice receipts fell 18 per cent, the monthly total was slightly greater than that of last year.
Mines Run About Same
PRINCETON—Mines were operating on schedules just about the same as last month. Retail trade in general was under that of December but about 5 per cent greater than a year ago. ' Building activity was little changed during January. Postoffice receipts fell 36 per cent this month ‘but were 5 per cent greater than a year ago.
RICHMOND — Department ' store sales declined 57 per cent but were 4 per cent over a year ago. Clothing and furniture store sales fell 60 and 24 per cent, respectively, but were 12 and 16 per cent, respectively, greater than a year ago. Drug store sales were 37 per cent less than in December and 2 per cent under those of a year ago. Total retail sales were 53 per cent under December and 4 per cent less’ than a year ago. Roughly 30 per cent of the value of permits issued this month provided for new residential construction. Postoffice receipis declined 34 per cent during January Lut were 13 per cent greater than in January, 1938.
SOUTH BEND-—Postoffice receipts fell 34 per cent and were 1 per cent less than a year ago. Department store and men’s clothing store sales fell 10 and 22 per cent, respectively, during January but both reported sales roughly 20 per cent greater than last year. Furniture and women’s apparel sales were greater than in December and roughly 25 per cent over a year ago. Total retail sales declined 47 per cent during January but were 4 per cent greater than a year earlier. Retail credit reports fell 20 per cent during January but were 46 per cent greater than a year ago. New car sales fell 20 per cent this month and were 6 per cent under last year.
cent in January and were 10 per cent less than a year ago. Carloadings into South Bend increased 18 per cent during January and were 30 per cent greater than compar-
‘able figures of last year.
TERRE HAUTE—The value of building permits issued in January registered a very large increase over December. Postoffice receipts fell 26 per cent but were 18 per cent greater than a year ago.
ANDERSON—The January value of building contracts awarded was roughly equal to that of December but slightly under that of a year ago. Roughly 75 per cent of the value of permits issued in January provided for new residential construction. Department and clothing store sales were down 40 and 20 per
cent, respectively, during the oe
When compared with last year, sales were up 25 per cent in both these branches of retail trade. Furniture store sales fell 9 per.cent during January but were 35 per cent over a year ago. Total retail sales fell 29 per cent during January but were 32 per cent greater than last year.
Ahead of Last Year
BLOOMINGTON — Postoffice receipts declined 19 per cent this month but were 8 per cent over a year ago. Stone production in the Bloomington-Bedford district decreased 11 per cent during January, an amount a little greater than the usual seasonal drop. The January output, however, was 79 per cent greater than that of last year. Total retail sales in the city declined 33 per cent in January but were 6 per cent over last year.
CALUMET DISTRICT — Steel ingot production started the year at 61 per cent of capacity and declined each week until activity was 46 per cent of capacity by the end of January. The average operating rate in January, of 49 per cent, .compared with 58 per cent in December. Pig iron production declined 7 per cent but was 54 per cent greater than that of last year. The value of building permits issued in January
ber and roughly 60 per cent under that of last year. The value of per-
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was much less than that of Decem-|
mits issued in Hammond in January per cent
was 25 per cent less than in December but much greater than a year ago. January permits in Whiting were substantially below December and the lowest the past three years. Total permits for these three cities were valued 63 per cent December
{but 160 per cent greater than a year ago. Retail sales in Gary and Hammond were 46 and 29 per cent, respectively, under December. | EVANSVILLE—Coal output was roughly 13 per cent above that of December and 36 per cent greater than a year ago. The seasonal expansion this year was greater than usual. The value of building permits issued in J cent greater
cent during January, but were ! cent greater than a year ago. sales declined 50 percent d January, but were 18 er than a year ago.
ere slower than in December. Retail trade in general registered a decline this month but was about equal to that of last year. The value of building permits issued in January was roughly 80 per cent under that of December, Postoffice receipts declined 17 per cent but were 15 per cent greater than a year ago. Prospects of the wheat crop made good improvement during January. CONNERSVILLE—Industrial production, measured by commercial power sales, was moderately aver
I|retail sales for January fell 52 per
during the month, the evel reached was 1 per cent under that of a year ago. CRAWFORDSVILLE—The value of building permits issued in January was almost three times as large as the total for the year 1938. fl though Postoffice receipts fell *
reached was 25 per cent greater than a year ago.
ing permits issued in January was roughly 33 per cent greater than that for December and almost five times as large as that of January, 1938. Roughly one-half the value of permits provided for new residential construction. Although postoffice
uary, the level reached was 3 per r| cent greater than a year ago. Total
cent under December and were 1
1938. ELKHART — Total carloadings were 1 per cont over December and January, 1
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