New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-16
ADVANCING EACH WEEK
The Progress of Prosperity Is
Reported Everywhere.

vincing. commercial agencies in their
Saturday reviews are more emphatic than
formerly regarding the wonderful pros
perity now approaching us. "Dun's Re
view" says:
Record breaking crops and RECORD
breaking production of iron, steel, cop
per and other products have created
conviction that the advance toward
complete restoration OF industrial and
mercantile prosperity is sure and per
manent. The principal obstacles to that
advance are not disputes over economic
theories, but shortages in money, in la
Dor and in transportation facilities. The
monthly government crop report issued
this week confirmed preliminary esti-
mates of enormous crops of corn, spring
wheat, oats, hay, fruit and other prod
ucts The recent weather has been ex-
tremely favorable, and II is believed that
present conditions are even better than
those stated in the official report. The
outlook for a good cotton crop is also
favorable, and altogether the prospects
are for a year of unprecedented agricult-
! ural wealth. This fact has an invigo-
rating effect upon all lines of industry
and trade. Demand is exceeding supply
| in the iron and steel trade. and orders
| are accommodating for the next year. Pro-
duction and domestic shipments OF copper
| are breaking former records. Increasing
| activity is reported in the various
! branches of the drygoods trade, and the
advices from the leading cities speak uni
| formly OF a quickened wholesale and re-
/ tot ha no do fc
| improving. Lumber sales are large.
Building operations are extensive. Rail
road earnings In August increased : per
cent. A shortage of cars TO handle the
expanding traffic OF the country is now
| regarded as probable. August anthracite
production was unprecedented Bank eN-
changes also confirm the increasing
activity of business, showing gains OF b.s
per cent over last year and III per cent
over 1910 outside OF New York, and OF
SO per cent and 27.3 per cent respectively.
in New York. Increased trade distribu-
ton calls for larger supplies of money,
and credit rates are higher and promise
TO remain so. at least until the end of
the year Foreign commerce continues
to show gains as compared with CORE
the record for New York in the latest
week showing exports OF Sl5667, 7eo against
SlS Gj9,9O4 in 1911 and 81, 2,56S in 1910. and
| imports Of si7.JSoSy6, against N3.1q'ssz In
1911 and NS.25S2SS in 1910"
"Bradstreets" report is full OF promise
and in the paragraph touching the crop
situation has the following
Record crops OF spring wheat. corn.
oats. barley. rye. hay and potatoes are
indicated by government returns. which
are based on conditions as OF September
/. Since then corn has made remarkable
progress, aided by excellent hot, forcing
weather. However. In some sections 10
Oklahoma and Southern Kansas. the heat
has been intense and az result some
damage is reported but statewide rains
on Thursday night may have ameliorated
conditions in the former state. But the
main desideratum. absence OF frost, buOys
confidence in an extraordinary crop, prob
ably 5000. 700. 600 bushels. or practically
100. 600. 900 bushels in excess Of the gov
ernments preliminary estimate. The
plant is now wellnigh safe from frost
though that planted very late will re-
qure killing frost 10 keep off until Octo-
Der Is. Harvesting and thrashing 10
spring wheat have made remarkable prog
ress In the Northwest. and the tendency
is to jack up figures OF yields. now that
gathering is virtually over In fact, il Is
believed that this years total wheat crop
spring and winter-will exceed zoo. O00.-
900 bushels. and that oats will run above
1900, 900, 600 bushels the government os-
Inmates being deemed too low Ploughing
for winter wheat is under way. but a seri-
Gus plague among horses In Western Kan
sas and parts OF Nebraska which has re-
suited In the death Of many animals, IS
| handicapping operations. While cotton
has probably Jared well on the whole, re-
ports from the Dallas district indicate that
very hot weather has caused a premature
opening OF the bolls and that pickers are
scarce. However, the new cotton is be-
ing rushed to the gins. but If excessive
heat continues the yield may not equal
last years. In parts of the Carolinas
excessive rains have hampered the crop
and caused shedding. while deterioration
from leaf worm is also reported from
scattered points. In Oklahoma late plant
ed cotton had been opening prematurely.
but on Thursday night rain came TO the
relief Of the situation. But It is recog-
nized that the crop has been damaged.
OF course at this stage OF the season more
or less deterioration is TO be expected.
but, on the whole the situation is favor
abe and the outlook presages the second
largest crop ever gathered. Recent rains
have delayed hop picking in the Yakima
Valley section Of Washington, but no ma
terial damage has been done. FI>>jt ship
ments from Washington are very heavy
and prices are low. In parts of Cali
forna unusually early rains have inter
fered with fruit but aided fall plough
ing Still. crops. on the whole, in Cali
fornia are in good shape"
THE PRINT CLOTH MARKET.