New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-08
EXPANSION REPORTED
Eastern Trade More Active and
Northwest Cheerful.

by the mercantile agencies for last week
carries an optimistic tone, potwithstand-
ing a reported degree OF conservatism
in the districts affected by the extreme
heat, with consequent crop damage.
Bradstreet's," in its review. says:
Business. though irregular, tends 10
broaden, but there IL evident degree OF
this latter being more In
evidence in the drouth-afflicted parts OF
the Southwest than elsewhere. That re-
strictive influences interminsle with
favorable factors cannot be denied; but
in a general sense. and allowing for the
diverse interests of the country, affairs
are more optimistic than otherwise. The
weeks developments have been quickened
by fall festivals, by the ending Of the
vacation season. by improved sales Of
commercial paper and by the actual ne
cessity of covering requirements, these
influences ofsetting the effects OF hign
temperatures in some sections. Reports
OF light stocks, particularly of textiles, IN
the hands of manufacturers, jobbers and
retailers are numerous. and in conse-
quence interior distributors have placed
larger orders. save In sections where
drouth damage has undoubtedly wrought
in effects. incidentally. road orders FOR
drygoods are more liberal and in pro-
portion to the whole numher Of reports
there are few discordant notes about tho
future Of trade. In the West trade Is
normal or better and az the principal
centre demand, though displaying con-
servatism. is predicated on the KNOWLEDGE
that supplies are light, and in conse-
quonce the turnover has enlarged. From
the Northwest. perhaps the best clrcum-
stanced section OF the country, come very
favorable reports, not only as 10 present
business but As 10 the outlook as well
In that zone estimates regarding the
size Of the spring wheat orop-which' oF
the way Is II fine quality-are oelng IT,
creased. and orders for delivery tn" ior'h-
coming spring are satisfactory. Returns
from the Southwest are irregular, though
the chief market indicates activity. Will"
Dallas Indicates that buying from joobers
is Of record proportions IN NUMBER OF
lines. but markets close to crop impaired
sections report trade quiet and that some
orders are being held up. although WIN
good rainfall instructions 10 ship these
would probably he given on the Nh"I'.
however. most despoudoncy is noted n
the cattle raising districts. where foo'
and water are short Aside from these
develonrnents ara not especially untoward.
perhsps because tho winter wheat crop
afforded q record yield In the drou'"-
affected regions. this tending 10 minimize
effects OF deterioration In corn ana CO..
tor. Southern advices suggest that uphit
is on. reports are more sanguine am
huvlur has improved. though of course
there are a few laggsrds. East OF ths
Mississippi River the cotton crop comb
ton is such as 20 furnish favorable
aug.rv. and ne rise IN tho price OF tha'
staplo encourages orders for fall goods
while money returns from the erup'
which may be available within thirty
DAYS herald better collections
"Duu's Review" includes the following:
Early promise 81 another year of re-
markable crops will not be ful.y realized
vet the purchasing power Of the agFi-
cultural community Is sustained By high
prices for the leading farm products. u
ecial confirmation 81 considerable a'-
,erioratlon IN cotton caused q sharp re
in that staple. and corn again advanced
M, a continuance Of the hot, dry weather
I'm some parts OF the belt The reduced
baryests are calculated to ultimately have
some effect upon railway freight trafhc'
but II is gratifying that sentiment re-
mains cheerful IN spite OF the less .aVor-
able outlook In certain directions. Nh!Ie
the delay In the adoption OF the pendlh9
tariff bill acts a. a check, business mas
neverthless emerged from It's customary
summer lethargy. and with the approach
OF the fall season the revival OF ACTIVITY
is becoming more pronounced. LABOR IS
we'll employed at increased wages. and
though New Entlald textile mills are ham
nered by scarcity OF operatives, more
machinery Is now running. There mas
been only a slight decrease in pig IRON
OUTPUT, and the capacity OF the act7e
furnaces at the opening Of the current
month was greater than on August j.
New demands are on conservative ud'lS'
hut there Is some buying for next year
and prices are hrmer. Recent improve
mcut in the consumption Of copper IS
maintained at higher range of quota
tinns. and stocks have been materla ~
reduced. Conditions In the cotton goods
markets reflect the rapid enhancement
,p the value Of the raw material. which
has nrompted manufacturers 10 sell more
cau,iously The domestic inquiry con-
tinues broad and active. while export trace
&c expanding Wool is In steady request
with the finer grades scarce and adVanc-
ing. and prospects are considered encour-
aging. on the other hand, leather re-
mains dull, and though footwear fac
tories are well engaged on OLD contracts
additional orders will soon be needed To
nrevent curtallment Buyers apparently
are not DISPOSED to anticipate future fe-
ouirements TO any extent, but iair
amount OF business is received calling for
immediate shipment. Large Withdrawals
of cash have been made from the BANKS
AZ this centre, and money rates are rather
frmer. with lenders less willing 10 re-
lease funds. Average daily bank clear
ings during August showed slight 'oss
in comparison with the same period OF
1919 and 1911. but total exchanges TINS "eeh
recorded gains OF SO and II per cent ie-
spectively, over the two preceding yeAfS'
Commercial failures were somewhat NOR
numerous last month than year ago anu
owing 10 several defaults of unusual SIG
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