New Britain herald., 1915-08-05
BUSINESS DULL
 IN MANY SECTIONS
Federal Reserve Board Sounds Pessinistic Note in Bulletin

that IS encouraging is contained in the monthly bulletin of the Federal Reserve Board describing business conditions throughout the country. Tn some districts money is reported tight CT and business worse.
 !. Although money continues to ac- cumulate in the large cities and is freer in the country districts says the Boston report, blanks are dis inclined to put out money at the low prevailing rates, the feeling being that as the crop moving period approach es there will be better demand for money and an immediate improve msnt in rates.
 General Business Dull.
 General business, except in few lines, is dull and orders are not com- ing in so freely as heretofore. No accumulation of goods is reported in any lines and the high prices of sta- pies, especially in leather and wool, and the unwillingness of the .mer- chants to increase their merchandise are responsible no doubt for much of }. the dullness. Business seems to be waiting, but there is a feeling of op- timism and it is believed that from now on an improvement may be ex- pected, though perhaps slow one.''
 The Boston report adds that the New England summer resorts com plain of poor attendance and dull bus mess
 Cotton mill conditions in New Bed tcyd are said to be good, but in Fall River they are not so good as last month. Wool industries report poor business the price of wool acting as a deterrent.
 Good Crops in New York.
 The New York reserve agents re- port generally a good crop outlook for New Y ork and northern New Jer- sey, except hay, which in some To- salities is below average. Dairy busi- ness continues good, but the retail business generally is reported slack in the New York district. The New York district report says:
 Some complaints have been made of the retail trade and the unsatis- factory collections. Manufacturing in steel, leather and textile lines shows improvement. Great activity continues in the production of sup plies for shipment to Europe. Build ing operations are curtailed and de- pression is still evident in lumber IOundTieS, &lHpIGnenL WOrkS ana SILK mills. Strikes that were referred to month ago are still on in southern and northern districts.
 Deposits generally are large, but in most sections the demand for loans is very light. During June, the usual mid-year inventory time dullness pre- vailed in New York city Improve ment in retail trade has been report ed recently. Wholesale houses say that collections are satisfactory More active and frmer markets have de- veloped, largely from foreign orders in such lines as steel, coal, leather and wool.
 Purchases of cotton goods are re- stricted by the weakness of raw. cot ton. Labor is more fully employed aHY there are strikes in some branch es of the clothing trade.
 Real estate. agents report condi- tions better than a year ago and im- proved over the preceding month Renting is more active, especially in the large office buildings Uncertainty in Philadelphia. The Philadelphia report says: The most striking feature in this district is the absence of encourage ! ing reports on conditions in Philadel- =phia contrasted with the reported in1- provement in conditions throughout the rest of the district. In the Phil adelphia vicinity business in domestic thesis dull and below normal. Almost no Improvement is perceptible over last month. A spirit of caution and hesitation exists. The outlook is un-
 certain, due perhaps to uncertainty f regarding the business future of cer ! fnf cf.1 flow d ,Hr,cf f,-t shall have been terminated War orders, it is explained, have brought Doom times to some towns outside Philadelphia. But there are specialized, such as iron and steel. New plants have been built and new kmachinery has been installed I'm.
 number of men out of employment
 has been decreased
 bright spot is the Cleveland dis mict. Since last December the busi- ness of steel manufacture has in- creased. The tin plate industry is espicially fourishing. This is based on war orders, which quickly consumed
 the supply of canned goods on hanr.
 Generally speaking, says the re-
 port, "all steel mills are running practically full,- with orders for sev-
 sgal months ahead. Steel men predict maximum operations for the rest of this year and at satisfactory prices The coke and coal business has improved. but lumber lags. Holding Steady in Richmond. The Richmond bank reports that business viewed as whole is just about holding steady, which probably is all that can be expected at this sea- son. Retail trade is reported to be
 very quiet.
 Ia nit. dicfricf