The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1913-03-20
BUSINESS OF EAST
IN HEALTHY STATE

The First National Bank of Bos-
has sent to its correspondents a trade
letter, under date of March Is, from
which the following is taken
General Trade.
New England is maintaining a vol
ume of business substantially larger
than at this time last year. The i'm
provement in business sentiment,
which became noticeable in February,
continues. In general, demand is
large, while supply is being held in
control by business men who are en-
deavoring to give due weight to the
several adverse, factors in the situa-
tion. In most lines of New England
industry the new tariff has been large
ly discounted, and matters put in
shape for the "operation. 1t is COM
monty conceded that if tariff revision
must take place, it could not come at
a more opportune period. The much
talked of, general falling-off in bust
ness has thus far failed to material
ize. In its place has come a slight
relaxation of conservatism, the statis-
ties recording a slightly freer move
ment in trade. A marked expansion
in trade activity is being kept in
check, not by absence of demand nor
greatly by fear of tariff revision, but
rather through realization of the
acute money situation.
Mills and factories as rule
have plenty to do, except where
strikes have caused a temporary inter
ruption, as in the worsted and wooden
industry. Ample employment is as
sured for some time to come, as manu-
featuring concerns are some distance
away from the end of their orders. In
certain eases, shortage of labor rather
than lack of demand for goods is the
disturbing factor. Trans shipments of
grain continue in good bulk, and ma
terially help in sustaining the good
record of railroad gross earnings es-
tablished in January. The opening of
Great Lakes navigation will afford a
further addition to this traffic. Spring
buying has been confident and ener-
getic, stimuated by the proximity of
Easter, while our most recent foreign
trade statement shows record break
ing transactions, and with reports of
somewhat more satisfactory net prof
its, the general trade situation. taken
by and large, is stronger than a month
ago. Business men are moving with
great caution, however. as collections
are slow and the necessity for borrow
ing correspondinglv large.
Wool Market.
The stock of wool in dealers hands
has perhaps never been so low. The
prices, however, have softened materi-
II
from the mills. Abroad, the foreign
mills are extremely busy, and their
surplus is going largely to the far east
American mills are receiving prices
well above the quoted import price on
certain goods of which the foreign
mills are unable to spare a yard. The
prolonged garment workers strike in
iured seriously both the spring and
the heavy weight trade This ac-
counts, in part, for the scarcity of or
ders and the ensuing deepening quiet
throughout the trade The wooden
and worsted manufacturers are especi-
ally conservative, both by reason of
the strike and on account of the COM
ing tariff changes. In many quarters
business has become merely humdrum
and routine in character. The effect
of the garment makers strike can be
better realized when it is understood
that single firm of garment makers,
usually employing 5000 persons, utilz-
ed during the strike less than 100. The
tendency is to do as little business as
possible and at the same time keep or
CARNATIONS intact. The developments
in the 1913 heavyweight season have
been unsatisfactory, and there is in
creasing stoppage of machinery. A
brisk demand should follow the end
ing of the strike, as materials for the
fall trade should be in the hands of
the cuttersup by July.