New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-08-18
MOVEMENTS ONWARD
Steady Preparations Being
Made for Active Autumn Trade.

AS A result 81 crop reports. which have
been discouragins. the present volume OF
business. as reported during the week. Is
displaying signs Of some restriction. but
the outlook as whole reported by the
correspondents of the mercantile agencies
suggests confidence regarding the future.
"Dun's Review" sums up the situation as
follows:
Current distribution Of merchandise
continues i'm normal volume, while steady
preparations are being made for an active
fall and winter business. Conservatism
has been accumulated somewhat by the
damage 10 corn through drouth. yet in a
broad sense crop conditions are still prom
isng, and. with rcmunerative prices pre-
vailing, another prosperous year on the
farms Is assured. The phenomenally
heavy movement Of agricultural products
n market contributes literally 10 trans
portation revenues. while the large exports
% grain and other commodities add ma
tcrially 10 this nations credit balance
abroad. Domestic monetary consider
ations have become a matter Of less con-
corn. and the more reassuring political
easier situation there. Financial senti-
ment has been visibly improved by the
approaching deposits Of government funds
In the banks OF the West and South. and
this has been reflected In pronounced
buoyanCy In securities. values advancing
harply on an increased volume Of trans
actions Changes in strictly mercantile
and Industrial conditions are of a mixed
character, with favorable features. how
ever. predominatng Some check 20 new
demands is noted in iron and steel. ami
price reductions arc made on certain An
ished products. but the decrease IN tho
untitled tonnage Of the leading interest
during July was less than TN the preceding
month Only moderate accumulation
has occurred in surplus stocks " copper
and the trade Is I'm p healthier state. pro-
ducers being optimistic regarding the out
look More retail buyers have attended
the drygoods markets than for any fall
season in i've years. and operations are
more general than usual Cotton goods
hold steady FOR immediate delivery, al
though some manufacturers seem disposed
% offer concessions because ~ tho decline
IN the raw material. Sales ~ leather arc
made al firm prices. while footwear fac
tories are well engaged on old orders and
future prospects are considered excellent.
The enlarged volume Of railroad traric Is
indicated by diminishing idle freight cars
and by statistics Of gross earnings. which
during the first week Of August were "a
per cent IN excess Of last years and 100
h.
other hand, bank clearings this week
showed losses Of % and 1915 per cent. re
spectiyely."
An extract from "Bradstreets Review
.s published.
TRADE trends continue rather mixed
but on the whole movements are onward
chiefly because Of the waning OF mdsum-
mer and the approach OF the fall season.
House sales have improved a, most lead
ing markets. thanks 10 the presence OF
visiting buyers. while road business has
held It's own. and sentiment as 10 distribu-
ton during the fall and winter Il quite
optimistic, though II must be admitted
that the situation In the Southwest II
somewhat spotted, az the result OF droutn
and heat damage 20 the corn crop. In
that section buyers are visiting the lead
Ing markets I'm smaller numbers than In
som. past years. and they display dis
position TO purchase couservatively. al
least until crop developments become
more certain. though. I'm fact. reports
from the chief Western market indicate
that Southwestern buyers are more nu-
merous than usual AZ the same time II
must be- noted that the Southwests win
ter wheat crop is 81 record proportions
There Is more activity in textiles al New
York. Western advices strike similar
chord. North western reports tell Of heavy
fall shipments. and parts OF the South are
doing better. and even though most sec
tions still are quiet views as 20 the
future certainly are more cheerful
thanks 20 the excellent prospects for
large cotton crop and 20 heavy yield OF
corn. which Obviate the necessity OF pur-
chasing 80 heavily from Western sources.
Trade IN the Far Northwest Is seasonably
normal though lumber is very dun ana
some mills have been temporarily closed
In order 10 preclude accumulation.