Weekly Market Review And Farm Outlook - page 3- 



^^ home furnishings, and household appliances. 



Car loadings are running about 10 to 12 per cent above a 

 year ago. Traffic is not congested, but Transportation Commissioner 

 Budd announced that soldiers on furlough will get first call on 

 transportation facilities during the Christmas holidays and many 

 civilians "ought to do their traveling now and stay home during the 

 holidays." 



Commodity prices - The principal factor that effects 

 commodity prices in the United States — namely, domestic demand- 

 continues to improve. Although the present trend of prices is down- 

 ward, the recovery during the current week was very rapid and sub- 

 stantial, which would seem to indicate that there is a strong foun- 

 dation under the price system which may soon cause a reversal of the 

 downward trend. Another factor that lends support to the belief that 

 the long-time trend is upward and soon will become appsa»ent is that 

 bank loans have been increasing since the middle of 19^0. There is 

 no apparent tendency for this trend in loans to be reversed. Inasmuch 

 as increases in buying power must be supplied either by a faster 

 turnover of the currency and bank deposits already on hand or an in- 

 crease in bank credit, the item of bank loans deserves careful 

 watching. Over the last few years the trends of bank loans and 

 commodity prices have been in the same general direction. 



Soybeans - Number 2 yellow soybeans in Chicago were sold 

 during the past week at from 1 to 2 cents under the price of the 

 October futures. There was a nice recovery in price, reaching a peak 

 on Tuesday after which prices of all grains tended to recede somewhat. 

 During the past few days, the price of October futures was stronger, 

 relatively speaking, than the price of December futures. Undoubtedly 



