New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-27
FAIRLY SATISFACTORY
Certain Branches Manifest Re-
dictionary Tendency.

of the country than in former weeks
"Dun's Review" says:
.'The business situation continues fairly
satisfactory, although evidences of a re-
dictionary tendency are manifest In GER
tain branches OF trade. Cooler weather
has stimulated both the retail and whole
sale distribution OF seasonable mercnan-
disc in numerous sections. but unusually
low temperatures az the South have led
to reports Of further damage TO cotton
Conditions in iron and steel still renect
curtailment OF operations. with additiohs
to idle forces, and there Is a less op-
timistic sentiment prevailing. Reductions
in prices are more frequent, yet, on the
other hand, railroad demands are becom-
ing more of a feature and consumers are
urging deliveries Much interest is being
shown in the question of importations.
hut thus far nothing Of especial signih-
canoe has occurred in that connection. A
better tone Is apparent IN the copper
market with quotations firmer and buy
ers eyincing increased disposition to re-
plenish supplies Continued favorable al
vices are received from leading drygooos
houses. trade in both retail and JopbinS
circles being generally in excess Oh last
wear. The rise in the raw material has
brought higher prices for cotton soods'
while staple lines of men 8 wear Worsteos
have recently been advanced nc a yard.
Fair activity is noted in wool. and condl-
lions in the textile industry Keep ma
chinery we'll employed. New England
footwear factories are working close 70
canacitv. and many manufacturers have
sufficient orders on hand to Keep them
engaged for some time to come. Business,
moreover. is expected to hold steady from
now on, as jobbers apparently realize thaI
nothing will be gained by deferrinS pur-
chases. Offerings Of leather are scarce
and sales are mainly in moderate
amounts, but prices continue srohs'
Early CONSPICUOUS strength featured the
local securities market, the buoyancy
being ascribed chiefly TO recent faVoraOie
statements regarding the new currency
bill and the granting Of railway freign'
increases between certain points at the
West No Important alteration occurred
in money rates. but foreign exchange
euctuated sharply. with a decline In quo
tations to the lowest point Of the season
imports. but leading bankers are opposed
TO any movement at present, on the inc
ory that K would result in furtner al
vance in the official English discount
charge. Railroad gross earnings during
tho first two weeks of October were Va
nor cent smaller than last year, but %
Nor cent in excess of 1911. while bank
clearings this week were per cent less
than I'm 1912, although showing 'aree
gain of N.6 per cent as compared WIN
two wears ago. This nations ioreisH
commerce during September attaihea
new high record for that month, the eN-
| cess OF exports over imports DeNas o'e'
| $4S, 10000.
Further price concessions are hoteu AZ
| iron and steel but these have talIeu u
| materially stimulate the DEMAND ai'o
production is being curtailed. stochs ~
consumers hands are low, however anu
there il a belief that an improved ouyhT
movement is in prospect. The railroads
have commenced to show more ihteres
and purchases OF cars and rails are III
creasing. although some contracts lor '''
latter are withheld. Orders Tor othe'
continent are slow in being closed whis'
l
mates and structural shapes are REQUIRE
| in Iessered volume. There is virtually ~
activity in mig iron, and the market !
weak at the current nominal Quotations.
"Bradstreet's' has the toio"ihe'
DESPITE irregularities of weather aii'
the natural ebb and flow in trace cur
rents consequent TO the season. the 'oi
une Of distributive trade holds up well
though probably not as large as SOM
weeks ago nor as heavy at some centres
az at this date a year ago, which, II VII
no recalled. was a period Of exceptiona
activity.
The first touch Of winter-snow an'
freezing weather at the North ana hsh
IN heavy frosts South and East-has yer!
generally benefited retail trade in winter
wear clothing, dry goods, shoes and rup
her goods. In the Northwest this ma
helped sorting orders from jobbers. II
the Southwest past reports Of gains owe
last year are not maintained, and TN
| disnosition is TO go carefully. In IN
South. except in Texas and the lower MIS-
| sissippi Valley. where heavy rains OF oe
structive windstorms have occurred I'M
feeling is better, being fortified by tre'
sales of cotton at excellent prices, quota
tions. in fact, being nearly 80 per cen
higher than year ago, ana payment
are better. Pacific Coast trade reports
are also more cheerful, due apparent!
IN more seasonable weather. Large pri
mary markets report some recessions II
trade. but the claim is made that in som
lines. as. for instance. cottons, high prices
or inability to get goods desired is at tn
base of the sackening. Early reports
az 10 holiday trade are good. Jewelry
especially cheap grades, is active.
1T 70 probable that in large industries
there is a slight quieting down, some
this based upon the advance Of the sea
son as i'm building, and some OF IT, as ii
iron and steel, because OF sort o
breathing spell after eighteen months Q
great activity. To some extent tarii
changes and price cutting in finished
steel are also chargeable. Talk Oh I'm
portant shutdowns is, however, eXpressl.
denied by lending authorities. who repor
mills fully occupied. Still the space is
tride less active ami there are some re
ports Of slowing down. Labor Is stu wei
employed. though some textile mills re
port some machinery idle, but whethe
this is due to inability to get labor or be
cause of changes in fashion is not ex
plained. The wool and kindred trades ar
ouieter. shaping themselves for the ad
vent of free wool and buying just enoug
to cover orders booked That the rail-
roads are we'll employed seems eyiden
from the report this week of the frs