New-York tribune., 1913-07-14

Boston of no less than 1000 sides Of dry
hide hemlock sole and as much more
of union backs in single day. while the
same amount OF secured oak backs has
been moved in New York within the last
fortnight. On the other hand. business
has been restricted since the new schedule
Of prices became effective. as a number
of buyers question the stability of the
market. Some further trading in hem
lock sole for export is noted, English in
terests having closed for about 20oOo sides
of this variety. and sole leather ofal
is in improved demand. with similar con-
ditions existing in betting butts. Locally,
the situation is quiet, as most shoe rae
tories are still closed down, but a revival
OF activity is anticipated next week, when
the majority of these plants Will resume
work Large buyers OF footwear, how
ever. are especially indifferent to spring
goods. efforts being made to reduce pres
ent holdings. which failed to move read
ily because of the backward season.
Many buyers have appeared in the pri-
mary drygoods markets and the situation
reflects more activity as result, al
though new business is still along con-
servative lines. Most operators continue
their former policy of purchasing only
for well defined needs, but requirements
remain large and stocks do not accumulate
I'm any quarter. There has been a more
active call for print cloths and converti-
bles for Juy-August delivery and prices
are firm, while drills and sheetings are
steady. Some hesitancy is evident be-
cause OF the belief that raw cotton may
| reach a lower level for the late fall
| months. vet there is no disposition to
postpone orders until October. In finished
materials supply and demand conditions
| seem very evenly balanced, with any en-
cess OF the latter resulting in an imme-
diate hardening Of quotations. y good
| trade i'm underwear and hosiery for next
| spring is reported, and the low priced bal
| brlggan lines have been advanced FOL
lowing a good business Confidence
among clothiers and large manufacturers
! has been strengthened somewhat by ad-
vices from Washington that the new tarlh
rates on wool goods may not become ef-
/ fective until after the end Of the year
t Mills however. are running machinery
only on merchandise under firm order,
| and there Is an entire absence OF STOCK
accumulations Fair sales are being made
of cheap brocades and some Of the light
| weight cotton warp worsteds Tor iuture
delivery. but. on the whole, advance trade
is very quiet.
Conservatism is still evident in iron and
steel and new demands do not equal pro-
| duction vet the volume of orders on mana
stul aggregates considerable tonnage.
The Latest statement OF the leading inter-
est revealed the expected large Increase IN
untitled business and manufacturing ac-
uyitv has been curtalled slightly, but
there il confidence in a resumption OF the
buylng movement in the fall
BraGstreets reviews the field In the fol-
lowing:
"Seasonable quiet prevails In the larger
lines Of trade. and statesmen are OF the
road for vacations on the other hand,
brilliant weather and holiday demands
Mus clearance sales. have greatly slim
ulated retail distribution. What Is prob
sblv more significant is the fact that SEN
tlment as 10 the future appears to be
more encouraging There is less timid-
ity. and the major note is one OF conser-
yative optimism Buyers are beginning
10 appear In the various wholesale mar
kets and II Is apparent that more ousi-
ness has been done especially In drygoods
and shoes, on future account than was
earlier apparent. Next week should pro-
duce additional impetus As set the West.
Northwest and Southwest reflect great
est activity In future operations, and in
those sections buyers have taken hold IN
large way the result being that In Varl-
GUS lines trade exceeds that of last year.
At the same time Eastern textile markets
indicate more interest In advance orders,
and even the mems wear market Is pick
ing up and shows more life for next
spring account There Is less apprehen-
sion regarding tariff matters and staple
crops, which latter promise good yields.
This. combined with actual wants and the
scarcity OF many kinds OF goods. tends To
more cheerful views. 1t Is felt that many
effects of tariff changes viii be postponed
until well into next year, and inciden-
tally the stock market has resisted such
influences as bank failures in the Pitts
burgh district. as we'll AS gold exports.
"Bltuminous coal Is at present In good
demand. while supplies are restricted.
Industrial operations are probably light
er than heretofore because OF midsummer
shutdopns, but aside from inactivity in
some branches OF the textile industry.
-four manufacturing and silk goods, the
suspensions are no more marked than
usual at this season. Indeed. In the coke
making and coal-mining industries there
are complaints that men will not work
full week Demand for finished steel
is lighter; wire products. sheets and tin
plates. generally duh at this season. arc
dullcr than usual. and pig iron II weak
or, while buying. following the relative
squirt OF last week. has abatcd. The out
look favors curtailment I'm this months
production Of the metal In finished steel
lines producers seem reconciled 10 the
idea that summer buying will be light;
at the same time. they in common with
other tradcsmen, seem optimistic as 10
prospects for fall. Copper Is neglected
and prices are easier. Stocks are at the
lowest point touched since august. 1912.
but the effect OF this and reduced pro-
duction Is largely Offset by restricted
consumption. Collections have improved
little at some points, but as general
proposition they still are slow. However
the fact that farmers are liberal sellers
Of new wheat builds the hope that pay
ments may improve when early crop
money comes In. Some observers are ask
ing why uinter Wheat growers are selling