New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-08-01
TRADE UNSETTLED BY WAR
Primary Markets Disturbed
Distributive Business Good.

The mercantile agencies report bet
ter sentiment in the distributive trade
and a generally forward trend not
withstandng that this is usually dull
season. Operations in the drygoods
markets arc being undertaken with
caution, but i'm footwear the feeling IS
hopeful. Business, however, remains
small Commercial failures are less
than last week, but still greater than
for the corresponding period OF last
year.
"Dun's Review" will say to-day:
"A notable demonstration OF the
fundamental soundness of American
finance was furnished this week when
foreign conditions were extraordinarily
critical The European poitica com
plications caused acute unsettlement
there. and, as precautionary meas
urc. the domestic securities markets
were closed Friday, following similar
action at the leading centers abroad.
The 0uictness customary at this period
of the year is manifest in many lines,
but changes are mainly in the direction
Of improvement and general strength
ching of confidence is noticeable. Act
ual progress, however, is still slow,
and i'm iron and steel, which is usually
conditions, improvement is not wholly
uniform. Conservatism is the chief
characteristic Of the drygoods markets.
through the expanding trade IN
the agricultural regions is an en-
couraging indication. Closer eXamina-
| tion of credits and restricted sales Of
commercial paper arc factors adding
TO the caution OF buyers. Sentiment nm
footwear rs favorable and New Eng
/ land factories are running on better
/ time. Orders for leather are prln-
! cipally for small lots, but i'm the ag-
/ cregate dealings are larger
Commercial failures this week IN the
I United States, as reported by r. G..
/ Dun g. Co.. arc 325, against 352 last
week. 392 the preceding week and 2J6
/ the corresponding week last year.
/ Failures i'm Canada number AZ against
/ "A last week, 81 the preceding week
/ and 30 last year. OF failures this week
/ i'm the United States 1873 we're in the
/ Fast "a South, 81 West and 81 in the
/ Pacific States. and 102 reported liabili-
/ ties Of $4,000 or more, against 1913
/ last week. Liabilities Of commercial
/ failures reported thus far for July arc
f S17,304, 400 against $l9,34S,290 last year.
"Bradstreet's" has the following;
"Whilc 10 is too early as yet TO
| define the full effects Of European con-
/ ditions upon domestic affairs, 1t is
/ evident that new business in export
grain has been brought to a stand
still and cotton market matters are
very unsettled. But as regards dis
/ tributive trade and industrial move
ments the week has brought forth
some good trends, though conservatism
| is manifested in numerous directions
and the crop situation is less roseate
/ than it has been However. there is
good deal of irregularity in the re-
ports. favorable indications that had
existed at the East having been more
or less upset by the war news, while
the South awaits the outturn Of ITS
cotton crop. On the other hand, the
larger Western and Northwestern cen
tres continue TO thrive, and in the
drygoods markets Of the sections
named buyers are taking goods more
freely, but elsewhere the pace OF
things. i'm trade sense, continues
relatively slow, though sentiment as
to fall business is encouraging. In
fact, fall buying has started at sew
oral markets. and it is expected TO
/ improve AS other centres feel the pres
/ ence of coming buyers