New-York tribune., 1913-07-21
A SLIGHT IMPROVEMENT
More Activity in Industries
and the Crop Outlook
Favorable.

there is no active trading reported, as a
whole the trend is toward Improvement,
except in the textiles, where depression
continues TO prevail as result Of the
proposed tariff changes. "Dun's Review
contains the following:
THE trend Of business is still in the
right direction, even though progress is
slow. This is ordinarily dull season and
various restraining factors curtai actV-
ity. yet encouraging features are mahi-
fest and cheerful views predominste. In
the great crop producing regions optimism
Is general, owing to tho prospect Ct an
other prosperous year on tho farms. Inc
financial markets Of the East have fo-
Gently been confronted with an unusual
array Of adverse influence. yet II s sig
nifcant that these have been largely iG-
norcd, and for time this week SECURITIES
advanced i'm an impressive manner. Sehu- !
mcnt responded 10 the agreement 10 aroi-
trate the railway labor controversy ara
the offering of foreign funds at this CEN
trc. both of " hich tended To Offset the de-
vclopmcnts in the Mexican situation.
Changes in strictly commercial and i'll
uNSlIldl fDliplllOliS dlf Alifliit NV 49,
with improvement IN some instances
being quite pronounced Wholesale DIS
tribution continues restrictcd-as USUAL d'
this period but warm weather has suihu-
lated the retail demand for scasoLable
clothing and footwear. There lave been
more buyers IN the primary drySoods mar
kcts than fof "A considerable time past.
and while future operations are till Inn
tied steady purchases for immediate de-
livery prevent any accumulation "t
stocks Shoe factories have eSumed WORK
aud many are actively engaged, some
plants being enlarged to take care q the
growing trade. manufacturers seem more
disposed to anticipate requirements ana
sales Of upper leather are expanding, with
prices rejecting a stronger tone. Midsum-
mer shutdoWns Of the steel mills were oil
brief duration, as pressure FOR deliveries
continues and new orders are IN well
maintained volume. More activity is ap-
parent iu pig iron, the buying movement
broadening under the stimulus Il lower
quotations. Traffic returns Indicate a con-
tinucd gain I'm railroad gross earnings
over last ycar--thc increase during me
first week OF July being a. per cent-Out
bank exchanges this week declined - PEI
cent. owing mainly TO the du'ncss III
speculative channels. There wac, now
eyer. A slight Improvement Of Of per cent
as compared with 1911 Latest foreign
commerce statistics FOR the port O New
York reveal somewhat smaller agGIe-
eatc than year ago, yc, il is g'2tllyinS
10 note that the total value VI this hd-
tons agricultural exports for the fiscal
wear recently cuIcd crossed me bllIol-
dollar mark for the first time IN history
Although future operations in dryGoods
are still restricted. there IS steady &c
mand for merchandise FOR carly delivery
and large cotton mills are well supplied
with business for the summer. More buy-
crs have appeared in the markets than
for many months past and trading has
been very satisfactory I'm view Of the eN-
isting conditions. IAN unusual variety Is
shown iu the offerings Of fancy cOttVns
for the new spring season, but dress
goods openings will be late. Staples are
I'm steady request and there are no spot
stocks in many lines, which stimulates tho
placing Of nearby contracts by bledchcrs'
printers. iotbcrs and manufacturing IN
forests. Prints are quiet. but bleached
goods arc we'll under order and ginghams
and heavy colored cottons are contracted
for until September in most instances.
Jobbcrs report steady house trade ana
retailers are evidently disposed 10 clean
up stocks to the closest possible limits.
Export trade is light with shipments on
old orders still in fair volume. Some sell
ing agencies have already received busi-
ness FOR spring on staple serges and
few new cloths, but duplicating for iali
is very moderate Some Improvement is
noted at mill centres. although curtat-
meut vi operations I'm mems wear Is stli
Of formidable rroportions'
"Bradstreets' says.
Trade Is quiet as a whole. condition
usual AT this season, but despite tariff dn-
certainty. which has tended to deepen Of
late. and high rates for money the needs |
of nearly lop 100000 people from day %
dav, with necessary provision for short
distances ahead make for very fair |
volume in the aggregate Best reports as
TO AGINllA tblllF llOlll DO i'bA4N'A O.
lions. while industrial centres, and par
ticularly the Fast, return relatively the /
slowest adyiccs. Labor, aside trom "A few /
lines is well employed. and midsummer |
shutdowns in heavy industries are no /
longer than usual. crop prospects in |
some sections, notably the Northwest and !
Southwest, are such as TO stimulate fall |
trade preparations and buying in those /
sections are classed as good II lot in all !
cases better than year ago. Textiles |
arc still the centre of the tariff storm. |
but even here there is lack of uni |
formity i'm trade reports cotton and silk !
goods farins better than wool fabrics, and .
even the latter showing differences as be I
tween various divisions Of that trade. The I.
number Of fall buyers in all markets is /
increasing. but as yet II Is case OF look /
ing around and OF examination rather |
than of actual purchasing. In many lines !
there is a feeling that the repression has |
been so great that when buying does ac- /
lively begin IL will come with a rush, and /,
that real shortage Of many lines Of I
goods all the way down the line will be |
thereby. Weather conditions this |
week have not been entirely favorable 10 /
retail trade activity. despite vacation buy :
ing and price reductions. Intense heat 4
i'm the Southwest and concern as TO the I
corn crop i'm Kansas and Nebraska, with, /
on the other hand, cool weather and ire /
duent rains in the Northwest, the latter
favorng crop improvement tended to
restrict retail trade; but from leading |
,,,,.s ,,arLete a . From, in1portaut North !