New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-19
GREATER IMPROVEMENT
Commercial Agencies GIVE
Reports of Better Times.

tho advancing trend Of quotations prom
ises Increased profits o. the produce
Consumers Of pig iron are devoung
GOOD deal more attention 10 their require
uente for the first half OF next year. but
future business is not readily acceptei
unless higher prices are offered. Basic
iron is strong at 81. valley. while Besse-
m,r rules az sl4 ~ and 81 .. valley CRUDE
steel BE- becoming scarcer. and merchant
pig iron furnaces have practically con-
tracted all Of the output for the tird
quarter Besseme- billets are firm a. SO,
Pittsburgh ana open hearth al - ~,
Pittsburgh Pressure for prompt oeiF-
cries is still a significant feature Of the
finished material situation. and premiums
are promptly paid in order 70 secure quick
shipments from the mills. Demand Tor
merchant steel oars. plates and Shapes
continues 20 tax capacity. while tin plate
and sheets are very active and there IS
prospect OF an advance IN quotations
well maintained activity is still TIE
leading feature in drvgood-. Some hest
fatiuu was caused in the cotton goods d.
vision b., tho substantial decline iu raw
cotton bar tho ONLY effect noted vs- .
slight softeniug fr PRINT cloths. Drills.
shectingr duck ard heavy colored cot
tons show no abatement iu strength. and
some lines Of me goods have advanced
under the influence OF scarcitv caused b.
reduced production incident u labor
troubles. Jo0Ucrs both last and West.
are doing a very satisfactory trade. and
retailers are operating more freely than
year ago. with their purchases including
g much larger proportion OF high pricri
goods A few sales were reported to-
China shipment but export trade as
whole. is slow. although tire movement on
old orders IS good. Business d. men
wear woollens and Worsteds ana dress
goods is very active and further aa-
varc-s IN some Instances are being paid.
Cotton warns are quiet and practically
unchanged but worsted yarns are IN cool
demand and hrn a few silk fabric are
selling well. and velvets are being taken
quite hreraily
Although the demand for fo0twea-
shows further improvement. the enhanced
prices asked by manufacture stlI cause
much conservatism ora the par- OF buyers.
a
rnarf without any very large trausac-
tions. tanners suu refusing 70 contract
ahead in any considerable quantity ar
present quotations Sole leather is iu the
strongest position. Is cents being quoted
for tannery-run packer cowhide union
5acAs ami ~ cents for taunery-rur pae b.
e- hide secured oak backs. or fully - per
cent more than the lowest point touched
last yea TradinG IN upper feathers IS
steady. but no spccia. activity Is shown.
Previous prices have been exceeded IN the
hide market. the advances this week
t-incing native packer steers I'D o. ls
cents Record prices have also been
reached iu other descriptions OF packer
hides. and similar conditions prevail I'D
country hides. Business IS 10 steady vol
urne. and would bee still more active were
supplies not so closely cleaned ur.
Liabilities Of commercial failures re-
ported for August o. date amounted 20
IS. $50 sS3. OF which = 6Ss.l3e We're IN manu-
featuring S.u2ti6 iu trading and S;31.iss
In other commercial lines Failures TINS
week numbered 2Ss in the United States.
against % last year. and So IN Canada,
compared with g year ago.
"Bradstreets gives the following re-
View:
TRADE. crop and Industrial developments
are of gratifying character. and Though
a Jew lines have experienced slight re-
cessions movements IN general are on
ward. TIL, ,crca. crop situation is oven
brighter than heretofore. and thrashinS
returns on sprInS wheat ar' swing sN-
.celltur yiaIds both a. re-a.cs quality AMI
quantity other grains tnet have been
harvested have done equally We'll and
fodder crops are larger than was anuci-
pated while aEo Corn. though stiN
backward has maic progress. save iu
parts of the Northwest. plenty of mois-
turc haying fallen Do The Southwest, where
% was needed. hgr th, plant VIII require
warm weather and late arrival of FROST
20 carry 70 10 maturity cotton. though
affected in som. parr- of tne belt by the
vagarics. oi the weather. has actually
gained ground tnc outlook for heavy
Yields IN the Southwest being especially
good Vegetables and fruits are album
Gaut Thus crop affairs are oi Su inspr-
Ing nature. and under the circumstance
optimism IS particularly In evidence in tie
surplus producing regions whose meT-
chants are buying more freely and ngur-
ing on an active fan trade. Visiting buzz
ers have been In the country l-aan.
markets. and a. result house trade
In many lines has expanded. while road
sales are vcrv encouraging. ln-identaliE.
the iron and steel trade continues 20 surge
forward at a more profitable rate IN
some OF The more prOsDCrols farming TO-
gions there is renewed movement to-
pay OF outstanding obligations, and while
collections in parts of the South remain
slow there is evidence OF Improvement IN
raymcnts. At ire same time demand for
money for general uses continues to i'm
crease. these demands furnishing good
criteria a. 10 the probable condition Cf
future trade Operating officers of She
railways are stronger than ever IN their
belief OF a forthcoming ear shortage. and
the heavy crop movement that Is likely
10 cGsuc viii moan large return move
ment Of merchandise. all CT which a. J
bound 10 tax transportation facilities.
The country win have more Grain 10
spare for export this being especially
true ~ wheat and oats. Manufacturers
In general are feeling the stimulus OF pro-
spective large crops JObbers and whole /
sale dealers In practically every section |
have enjoved a materially improved vol |