New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-15
FALL TRADE ENLARGED
Restraint on Business by Tariff
Uncertainty Growing Less.


Uncertainty Growing Less.
Based on the reports to the commercial
agencies for the week just ended the signs
Of a revival OF business are beginning
TO be recognized by the various parts of
the country, and the outlook for the COM
ing fall is more encouraging. Brad
streets" reviews the situation as follows:
"The events Of the week spell progress
along generally favorable lines. Chief
among these features were the expansion
in fall jobbing trade shown at most CEN
tres. the breaking OF the drouth in the
corn belt, too late 10 enlarge the yield,
but checking further deterioration and
helpful to late forage crops, pastures.
stock water supplies and fall seeding;
the ending, generally speaking, of the
tariff uncertainty by the passage Of that
bill in the Senate, the realization, through
the government report. Of a record yield
Of wheat and of average yields Of most
peratures. stimulating to retail trade. ard
enlarged movements Of cotton and spring
wheat, which tend to improve collections
in sections affected, though room for FUR
Their improvement is still ample. Enlarge
ment in jobbing trade is reported from
all leading markets, but especially from
the East and the Northwest. with Varl-
ously shaded but rather better reports
from other sections. Leading in activity,
both in first and second hands. has been
the cotton goods division, in which staple
goods have been freely, indeed eagerly.
bought DESPITE successive advances in
prices In some quarters something Ike
a buyers panic has developed as the re-
suit on the one hand OF realized small
stocks, and on the other OF the heavy
advance In raw material which has made
mills and large handlers rather more than
ordinarily careful In accepting orders.
Second only TO cotton fabrics In strength
is the knit-goods division. which notes
large recorder business for fall and out
put reported insufficient 10 fill demands.
Silk and linen goods have also been ac-
tive, and even woollens have had a better
tone. with openings OF dress goods Tor
spring at low prices freely paronized.
Raw textiles are active as whole
Among the large Industries, coal is In
better shape helped by seasonable wealth
or: demand fully equals mine output. ana
while iron and steel In finished lines are
irregular or weak in price, the report OF
the leading interest shows smaller than
expected reductions in orders on hand
in August, and basic pig iron is more
active. with prices in general at firm
levels.
Encouraging features OF the breaking
Of the Southwestern drouth, more especl-
ally because OF the widespread deteriora-
ton reported. are the statements from
various markets that shipments ordered
held are now being called for. and there
Is a perceptibly more optimistic feeling
in the stricken sections. Backing up these
reports TO some extent is the fact that
the wire edge IS of prices Of cereals and
cotton. partly due no doubt. TO heavy
realizing on the late marked advances
Il would not be wise TO close one
ewes TO the fact that some uncertainties
stlll present themselves. The tarln Dill
IS now I'm conference. and II Will be ten
DAYS before the last word Is had In this
matter. on the other hand, the delay IN
massage has practically ruled out OF the
market for fall and next spring large ac-
cumulations in warehouse awaiting hnal
tariff settlement. Then. too. the feeling
among American manufacturers general
Is is rather more hopeful, than 1t was
g1I.. IN T.
entity born Of the idea that the worst IS
known or can be prepared for before new
foreign competition presents itself.
Duu's Review summarizes thus:
"Restraint upon business through tarin
is virtually at an end ana
merchants and manufacturers appear 10
be of a hopeful disposition. Expansion Is
not general as yet but signs of trade re-
yiyal are gradually becoming more APP
parent. and less hesitancy is shown III
providing for forward requirements. The
low position Of merchandise stocks
the country is one OF the most
features, as the growing de-
mands necessitate increased purchases 10
replenish depleted supplies. with the APP
uroach of the fall season adYices from
the leading centres record qulckehed
wholesale and retail movement. the VOL
lne OF sales IN most instances belng III
excess of last years. Especially iaVora-
BILE conditions prevail in the drySoods
markets. which report an excellent as
tribution at rapidly advancing prices IN
practically all departments. The textile
situation reflects decided betterment, with
mems wear mills booking large orders.
and machinery is more fully employed
than for a long time past. GeneralIy CON
sidered trade in wool IL improving ana
because OF the shortage in the American
elm il is believed that all desirable DO
nastic grades will be needed. New busl-
ness I'm footwear continues slow, ana rae
tories have about completed initial con-
tracts but confidence is expressed IN an
early revival OF activity. Developments
in iron and steel testify 10 wei main
tanned consumption. and though rallroau
,uviug is still light the demand from
hat source is not wholly negligible. COM
..,ed orders received during August sur
,,ssod expectations, so that the reduction
=, tho untitled tonnage OF the leading IN !
.erest was considerably less than was an
-icina,ed Moreover. surplus stocks OF
,opper i'm that month fell TO the lowest
,oint on record, and under the stimulus
~ recent heavy purchases quotations |
ave advanced sharply Official confirma-
lion of serious deterioration In corn mas
,aap freely discounted. and as the wheat |
.iald is unprecedented and other crops !
Gin ba well up TO normal the general |
agricultural outlook is ,alrly satisfactory
statistics of trade movements are oil "A |
mixed character, bank clearinss this week |
- .ant sr.cnIler linn a wear |