New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-10-07
NO COMPLAINT HEARD
Commercial Agencies Report
Improved Conditions.

tOT the "tsh III it'it" VI p"HON' SN'N~
and industry "Dunn's Review" says IN
part:
I'm no section is definite complaint or
deficiency in trade now heard. while In
most sections there is pronounced buoy
ancy, with the volume Of business In ex-
cess OF former years, an urgent demand
for immediate delivery and satisfactory
demand for future delivery reaching well
into next year. The more even geographl-
cal distribution OF Industrial and mercan-
tile activity is now a marked feature
Foreign political conditions. which make
war possible. cause some uncertainty, but
the effect on markets here Is chiehy In
wheat, which is made frmer thereby. al
though the crop promises to be one OF
the two or three largest ever harvested
The wheat movement In the Northwest Is
unprecedented. Although there has been
some deterioration in cotton, the govern
ment report promises very large cron,
probably above the average for ten years.
Labor disturbances interfere somewhat
with the textile industries, but wider
distribution is reported for both cotton
and woollens, and the whole trade Is ex-
perlencing a revived activity In its various
branches, both wholesale and retail. Act
ual conditions in the shoe trade improve
and the prospects for next year are con-
sidered bright. The active demand for all
iron and steel products continues, and
copper production and consumption are
also at a high point The railroads, con-
fronted with the biggest traffic In their
hFctppy "A hpuinO NJ anplnmppt haa Vily
Their earnings are increasing and the
gross gains for three weeks in September
were 80 per cent Money continues I'm
strong demand. but the banks are APP
parently In an excellent, position and are
meeting every legitimate need There is
a worldwide demand for gold. significant
OF commercial advance, but II is notable
that the United States Is getting a share
Of the metal. and further gold imports are
predicted. The September issues OF new
securities. while less than In August, were
over sl4,0O0.Coo larger than in the corre-
spending month last year. Bank clearings
this week increased ZIG per cent over
last year and 29.2 per cent over 1910. For
eign commerce continues large. the total
at New York for the latest week being
1886 los against t37.O9l. 773 in 1911 and 800.
554,7i4 in 1910 Exports were larger than
in the two preceding years. while imports
were a trihe under 1871, though much
greater than In 1910 Failures for the nine
months contrast so sharply with the plain
evidences OF business advance in all quar-
tiers as 10 indicate that they are "A product
Of past rather than present conditions"
In the report OF Bradstreets the fol-
lowing is the summary:
Trade reports are more uniformly ia
vorable than at any previous time this
year. This is partly due 10 the recurrence
OF settled weather throughout large areas
Of the North and West, and also because
Of the advance of the cotton harvest at
the South to a point where It has. be-
cause OF free marketing. begun to affect
retail and Jobbing demand. From many
points In the West reports are that trade
Is excellent, while Southern reports, as a
whole, are more optimistic, with Texas
and lower Mississippi Valley points send
ing the most satisfactory advices. JOB
bling distribution is still relatively the
most active branch Of trade. and imme-
date fall demand is largely responsible
for the full volume OF sales and shipments
reported. Wholesale trade for distant
periods Is still subordinate to calls for
quick consumption. but at Northwestern
and other Western points there are evil
dences OF q rather freer ordering for next
spring. House trade with Jobbers. as also
retail demand. has been benefited by fall
festivals and cool weather but II is noted
that mail orders are Of generally good
volume. and there Is increasing evidence
in the complaints Of delayed receipt Of
goods that past conservatism In ordering
or low stocks may bring troubles Of their
own TO merchants who had counted too
confidently on being able TO secure sup
plies as freely as needed. Drygoods. cloth
ing, shoes, hardware and groceries make
up a large part of the volume OF trade
now doing. while In the heavier lines OF
trade or industry iron and steel. lumber.
machinery, coal and coke all show excep-
tionally strong demand. Jewelry is active.
but some textile manufacturers find labor
troubles and new laws bar TO gull pro-
ducton."