New-York tribune., 1907-09-16

New Orleans is making moderate drafts for
cotton purposes; but thus far shipments to the
interior have fallen below normal to which is
partIv due the comparatively strong position of
the associated banks.
Interior business conditions are unchanged.
some financial relief coming from the Treasury
deposits of public funds. while marketing of
crops also liberates money. At many cities. espe
ciaIIv in the Northwest and Southwest, mercan-
tile collections are more prompt. and this matter
of settlements will be of great Importance dur
ing the next few weeks. If agricultural prod
ucts are sold and the proceeds put into circu-
lation freely il is certain that much postponed
work will be resumed and the number of large
fa ailures will decrease. There is little indication
of impaired confidence in the opening of fall
trade merchandise going forward freely from
iobbers and wholesalers. and as the summer
tourists return there is a steady growth in re-
tail transactions that call for duplicate orders
by those who placed initial contracts with eau
tion Traffic conditions arouse complaint earlier
than usual shippers finding the car supply in
adequate at many points, and unless the move
ment of fuel is vigorously pushed IT is probable
that the scarcity will he severely felt TINS WIN
ter. Labor troubles are not all settled. but the
general atmosphere of conservatism seems to
have extended to the trade unions.
Crop news of an official nature has dominated
speculation IN the commonly eNCHdlSSo. N''-
ton declined sharply in response to figures
showing less reduction in condition than was
expected, while the first statement of the guam
tity ginned also had effect. In a few days spot
middling upands dropped SIS 80 n bale. and OPP
tion quotations still more severely de-
pressed. Ginning statistics showed less thah
half the quantity secured last year during the
same period. but the figures were more than
twice as large as had been estimated. This was
considered evidence that the crop was maturing
earlier than was expected by those who predicted
sufficient injury from frost to reduce the yleld
below twelve million bales. Larger port re-
ceipts were also depressing while the only sup
port came from increased shipments abroad
Grain fuctuated wildly at times. the govern
ment report failing to check the decline al
though it showed the expected loss in Yield or
wheat corn and oats. Spectators were lquidat-
ing vigorously in order 10 secure the prohts
offered by the previous rise, but the decline was
stopped when prices fell to a point that at
tracted foreign purchasers Export trade prom
ises to be a feature of potency this year
Industrial plants are still we'll occupied, al
though in some cases it is announced that orders
extend less far into the future. and there VIII
ho idle machinery soon unless new contracts ap-
pear more frequently than has been the RUE OF
late Yet. with the exception Of copper and
cotton all the leading raw material markets
have improved during the last week lhe de-
cline i'm prices of hides seems to have run us
course. and tanners are buying more HeeIS'
Eastern wool dealers are more confident that
mills win nav prices upon which corsignments
were based. raw silk and rubber are steady
mig iron is ordered for delivery in the first quar-
ter Of 1905 and repairs have forced reduction
I'm active furnace capacity below the figures OF
recent months Cotton mills are independent OF
the wide changes i'm raw cotton orders for goods
being on a basis that insures operation OF ma
chinery far ahead. and the domestic demand mas
not only made up for the heavy loss IN Chi''eSe
trade. but many thousand bales OF IdSl Eed'
o,,co have returned from China and more are
o.,., Footwear factories are overtakng
orders but shipments from Boston are still at
about the same rate as last year and exceed
all other seasons except 1903.