The Tabor independent. [volume] (Tabor, S.D.) 1913-19??, 1914-10-29
EUROPEAN ORDERS
ARE STIMULATING
TRADE ACTIVITIES
Need of Economy In Distribu,
ton Expenses Shown, They
Say-Stock Up on Linens
Lower Prices Seen.

II hdNS DCth sent u Europe ITOD1
Chicago since war was declared,
according to figures made public
today by John Arnold, chairman
Of the foreign relations committee
Of the Chicago Association Of
Commerce.
Of s12, 600, 900 worth Of wheat was
made.
The average weekly sales Of
provisions financed in Chicago was
said to be about SIS, 000, 900.
New York (Special)-While trade
leaders in many lines are gradually
coming to the conclusion that u
American industries are being greatly
stimulated by the placing Of orders by
purchasing agents for the various
foreign governments for necessary sup
plies for the warning armies abroad in
diverse lines of trade in this country
during the past fortnight, some dry
goods merchants Of long experience are
becoming convinced that a greater
measure Of economy in the distribution
Of goods is the prime lesson of the
war. Values are falling in many d.
rections because of the decline in the
values OF raw materials and they de-
clare that it is inevitable that this
country's values will be adversely at
fected by the forced liquidation abroad.
The course of imports Is being watched
In many textile lines, and 1t Is seen
thus far that II will be a long time be-
fore Great Britain's shipments OF lin
ems. cotton and other goods will de-
crease in the ratio that many men were
anticipating. Austrian, German and
Belgian shipments will be light, but
goods from France. Switzerland. Italy
and other countries will come in. To
what extent additional exports OF
various lines of merchandise will i'm
prove the situation for this country no
man knows today. The point of greatest
certainty now is that this country will
have to reckon with a decreased pur-
chasing power in this country.
This will come from the disorganiZed
condition Of things In the south, and
Its reflection in all dry goods stores
where cotton goods are sold, from the
lessening orders in steel c%enters, the
contracting power of cities and rail-
roads to raise money for large per-
manent improvements, the disorganiza-
ton n unemployment in man. in
dustrial c%enters, and the positive eff
fects of liquidation seen already in
many directions.
Credit Conditions Better.
II dry goods are to be distributed
steadily merchants feel that the work
will ave to be done at the expense of a
contracting margin of profit, as well as
the exercise of more sustained energy
than has been thought necessary in the
past 10 years or more. The trade is not
losing sight for the improved facilities
for doing business that are promised
in the readjustment of banking all over
the country, and 1t is not minimizing
the good effect that must come ulti-
mately because OF the opportunity to
sell food products at a profit abroad.
Last weeks development in credit
circles was not as serious as many men
were looking for. Many more bills were
paid when due than most merchants
| anticipated might be the case. There
was also some easing in commercial
paper to the extent that sales were
possible, and r~efinancing of any debts
was encouraged. Pending these devel-
opments there was a general closing
in on sales, but It the end of the week
business seemed to be loosening up
again. 1t is expected that collections
may be irregular but those who are
entitled to credit are finding 1t easier
to get it.
In the wool markets the great devel-
opment was the placing Of al embargo
on wool shipments by the English gov
eminent. This embargo Is not at all
embracing, and does not include ship
ments from colonies. The domestic
wool manufacturers will be able to get
all the wool they will require, but they
l - NAA~J "AAA ~ ASASSN ~ INJ AAAoA
er prices and more irregular prices than
If London remained open n world
values be more readily maintained.
Supplies Of carpet woods are being con-
tracted. but so, too, is h output of
many carpet mills, owing to the lighter
demand.
French Out For Orders.
Many French silk mills in the south
ern part of that country are inviting
orders and can complete them. There
Is an over abundance of raw silk avail
able, and prices are easy. Moreover,
there is not such a good demand for
silk merchandise at the counters as
there was a few months ago. Some of
the large silk manufacturers selling
staple goods report that business has
fallen to about 60 per cent Of normal,
and If that ratio is maintained until the
wal is over they a they will feel sat
isfied.
Every possible effort has been made
to bring in all the linens from Scotland
and Ireland that can be secured. This
country has secured already many
goods that might have been shipped
elsewhere. The scarcity Of linens that
must follow the destruction of flax
crops or the inability to market flax
from countries at war has not yet be-
gun to assert itself. Linen merchants
do not believe that there will be any
scarcity this year, and while they are
unable to get prices to a level that Is
warranted by the volume Of immediate
supplies from the mills, they think that
foreign manufacturers will begin to see
by and by that the United States will
not take linens at any price offered.
This may change the attitude of mills
regarding prices.
The export of cotton goods to coun-
tries at war has been increasing. This
is shown by the figures of exports and
by the confirmation of news OF many
orders placed here by foreign countries.
Export trade with other ports is still
battling. Shipments are being made to
the Philippines, Australia, Chile, West
Indian ports, and NAM other minor
ports, but there is a difference about
accepting new business offered because
Of the uncertainty about the payment
Of bills soon due. as we'll as bills for
the goods hat are wanted, The out
look is improving, but the problem TO
be solved is a financial one of large
Importance, and progress seems slow.
Survival of tho Fittest.
GNror, tho pbitod nlnhia Tadrar