New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-23
a BRIGHTER PROSPECT
REPORTS of Commercial Agen-
cies Show Increasing Business.

cies Show Increasing Business.
IN their reviews FOR tho week ended
saturday, September Il. commercial
agencies give in general far moro encour-
acament IN the broader tone OF trading
and supporting growth Of business.
"Dun's Review" says;
"AIl the developments OF the week con-
firm and strengthen the Improvement IN
business activity. Consumption has not
only overtaken production. but In some
cages las outstripped it. Every section
and nearly every trade is participating Ill
tbe advance. In iron and steel II la be-
coming increasingly difficult TO obtain sup
plies quickly, and premiums are oiteh
paid for immediate delivery. In the dry
goods trade tho increasing demand TOT
woollens and worsteds Is most noticeable,
while business In cotton goods. although
still held in check by the uncertainty re-
cariing tho size OF tho cotton crop, is
nevertheless making good progress. The
demand for footwear Is also increasing
and the trade in both It's MANUFACTURING
and distributing sections Is CARING
Leather and hides continue very strong.
Tho lumber trade is heavier The buoy
mt effect upon business confidence OF the
splendid reports Of principal crops 10 the
most conspicuous feature OF the SITUATION
and the belief IN fall and winter OF eN-
ceptional prosperity Is now practically
universal. There is still question as 10 the
size of the cotton crop, recent reports
being Of a Conflicting nature, but that IL
will DO Of largo IL not OF notable dlmen-
sions IL the prevailing judgment. The
money market is firm, and gold has been
imported for the first time In two years
Labor is also scarce in some OF the trades.
The railroads are confronted with IN
problem Of carrying the largest uafhc ID
their history, and the car shortage ~ ne
coming a serious one. Their gross earn
ings in the first week Of September gained
SO per cent. Bank clearings this week
outside New York Increased Ill por cent
over 1911 and 10.2 per cent over 1910. while
thb New York gains we're 7.s per cent anu
17s per cent, respectively, and this, too
without any marked expansion in specu-
lation. A large increase In railroad ana
industrial dividend and interest disbursc-
meuts is estimated for october. Foreign
commerce records are OF interest Tho
statistics for August show totals greater
than IN any previous August Exports
gained ss.l43.S50 and imports $%,o'5.l5o.
During the latest week tho foreign COM
Inerce OF New York aggregated Al,QOooi,
against So, $50, 1857 in 1911 and 27.e&,5Ss IN
1910 The gain was In tire imports when
amounted 70 S23 $3.50. against so 1899
and SIS, 75g 5ls In the two preceding years
Regarding the crops Bradstreets re-
view Il not as cheerful as reports from
other sources Of information, based on
conditions reported:
Temperatures we're low IN the North
west this week and frosts I'D some dam
age 10 corn In the Dakotas, but the cool
wave did not get south into the corn pe!t
proper, and the damage oven IN the North
west was slight. Indeed, more stress has
been laid upon the effects OF past ho'
weather damage to corn in tho Southwest.
Every week that passes renders more or
the corn crop safe from harm, but tho
moisture Of the last week IN the Northern
states east Of the Mississippi was not vel
COLuel, DeCdutc teuulNb " h'VF N'' b''''N
green end sappy.
Spring wheat thTashns - veil on ~
completion in tho Northwest with pre-
vious reports OF high Yields maintained.
and the movement TO marl,". has broken
ali records.
winter wheat ploushing AND planting
are making progress In the West In Kan
sas and Nebraska n disease In horses has
/ killed thousands Of animals and in some
sections seriously interfered with planting
There IL a disposition TO look upon cot
| ton prospects Az rather less brilliant than
1 they were some weeks ago. Te1ns crop
! estimates have been reduced owing 70 hot
weather damage. A Gu, storm did som"
harm IN Alabama This week. but some sec
tons report benefits from the rain nc-
coInpanylug f. The Texas crop has
| opened premsturely, and labor t at pre-
MUM. while the gins are busy night ana
! day. In the Southeastern states tho crop
is late and there IL a disposition 20 shade
estimates. Tho Louisiana crop may be
! larger than last year, but that OF Missis-
sippi will he smaller.
Much needed rains have reached parts
Of Virginia where moisture has been de-
fcient but reports from the tobacco crop
Of that state are not nearly as good az
last year"