New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-08-08
TRADE GENERALLY QUIET
Business Shows It's Ability to
Withstand War Shock.

weekly reviews, dwell on the resistance
that business has opposed to the
chance of generalization because of
the European war. Cool headed man
aeement Of banking and commercial
affairs has minimized the excitement
and helped the business world TO alb
sorb the shock. Most lines are quiet
because manufacturers and merchants
are proceeding with caution.
"Dun's Review" will say to-day;
Business is, with remarkable power
of resistance, adapting itself 70 condl-
tons unprecedented in the history OF
the world. Never has this country
given more convincing proof Of its
ability TO meet grave emergencies
promptly and effectively. Already con-
spicuous progress has been made in
the work of preventing Generalization
in the markets and preserving order
and sanity in all branches Of trade.
The government. the clearing houses
and the exchanges have combined TO
reduce to a minimum the disorders in
cident to a world crisis of unparalleled
dimensions.
"In the iron and steel industry the
advance in billets and bars is an out
ward sign Of improvement, and this
betterment would no doubt be more
conspicuous but for the international
uncertainties. The railroads have been
benefited by the agreement to arbi-
trate the Western labor dispute and
by the decision in the rate case, which
has given at least partial relief TO rail-
road capital by allowing advances to
the lines in the central territory. The
textile trades naturally are held IN
check by the effects of the European
wars, but when the violence Of these
has passed and more normal conditions
are restored they should respond to the
new demands inevitably to be created
by big crops at home and acute neces-
sites in other lands.
"In the drygoods markets a waiting
policy continues. Many mills have de-
termined to curtail production, but 1t
is expected that this will be only tenn
porarv and that there will be a con-
siderable demand for all classes OF
staples. Prices Of brown goods and
print cloths are tending lower, but the
demand for spot goods in heavy cot
tons has resulted in higher prices
being asked. The domestic trade, which
was practically at standstill because
Of financial conditions, is now begin
ming 10 show some life, and there IS
considerable inquiry from the jobber
and retailer for prompt delivery Cot
ton yarns are quiet out fairly steady.
Manufacturers of worsteds and wool
lens are gradually adjusting their af-
fairs to the changed situation brought
about by the complications abroad.
There is a better demand for fall lines
j y. go
increase in the demand for spring de-
/ liveries. Prices for spring on staples
I in the dress goods division are some
what lower, and orders are coming in
/ freely, as early advances are pre-
dicted.
Commercial failures this week in
/ the United States, as reported by X.
I G.. Dun & Co., are 1858, against 325 last
week, 352 the preceding week and 265
/ the corresponding week last year. Fail
ures in Canada number 81, against AZ
/ last week, "A the preceding week and
/ 81 last year. OF failures this week in
/ the United States 12l were in the East,
( SO South, 70 West and Sc in the Pacific
/ states, and ia reported liabilities of
| $4,000 or more, against l02 last week.
| Liabilities of commercial failures re-
! ported for July are S20,377,l48, against
I 20.325. 705 last year"
"Bradstreet's" has the following:
Repression has been widely in evil
/ dence. but absolute stagnation has
been largely in export and import
trade The current needs of 100000, 900
people have necessitated buying and
selling on a good scale, and, indeed.
/ tae reports from some cities are of
/ enlargement of buying by those who
see benefit from recent good crop
movement, or who anticipate that in
tCrruption 70 import trade makes nee
essary replenishment Of already exist
/ ing stocks of domestic and foreign
products. Congestion Of wheat at the
ports, consequent upon the partial
/ stoppage Of shipping trade and the dis
! location Of the exchange market, has
reacted back upon the railroads, and
thence 10 the Western farmers, and the
movement is slowing down.