The Brandon news. (Brandon, Miss.) 1892-1961, 1915-09-09
BUSINESS REVIVAL APPEARS
Reserve Bank Reports Indicate Big
Crops and Much Money.-Cotton
Situation Looks to Be Cheerful.

Washington. - Business conditions
throughout the United States have
changed but little in the last month,
according to reports from the twelve
Federal reserve agents. made public
by the Federal Reserve Board. The
reports indicate slight Improvement,
with large crops in sight, manufact-
uring in special lines stimulated by
foreign orders and money easy and
plentiful.
The feature of the month in the At
lanta district was the revival OF the
iron industry around Birmingham. The
blowing in of several additional fur
naces and a demand for labor had
good effect on general trade. No fear
is felt, according to the report, as to
the ability to warehouse the cotton
crop of the district, or to take care
of it financially through the Atlanta
reserve bank Railroad men feel optl-
mistic that their business is about to
improve
The Richmond district regard that 1t
is realized in the cotton territory there
can be no excuse this year for repeti-
tion of the experience of last fall.
knowledge that well organized agen-
cies are at hand to assist in taking
care of the crop has had steadying
influence and is expected to insure
natural price subject to supply and
demand. Southern tobacco markets
have opened at satisfactory prices.
Dallas had a six weeks drouth in a
part of the district, which reduced
materially the cotton yield, but the re-
port says if frost does not interfere
there may be fall crop. General bust
ness conditions have been improving
steadily, but much depends on the cot
ton crop.
Boston reported increased emer-
gency orders, with direct or indirect
effect in all lines of trade, but retail
dealers and department stores show
business below normal figures. Un-
settled labor conditions are troubling
manufacturers.
From New York it is reported that
industry, particularly in iron, steel,
machinery, wool and leather, is more
active, with foreign orders the prin-
cipal stimulus. Wholesale trade is
good and stock transactions were no.
tably larger in volume.
There has been little change il tre
Philadelphia district and the report
adds "the expected general improve
ment has not appeared and the out
look is uncertain" Emergency busi-
ness continues in the iron and steel
trade, with the hope that it will soon
create activity in other lines Railroad
freight traffic is increasing, but coal
mines still are working only half time.
Cleveland reports that gains shown
last month are being held, although
there has been no decided new ad-
vance. Domestic trade has not reach
ed normal. Crops are suffering some
what from wet weather.
Chicago reports that August devel-
opment show the general business ad-
vance, with better than average crops
in sight, and iron and steel plants run
ming to capacity. The automobile
cities report an unusual demand.
Changes in conditions in the st.
Louis district are reported as for the
better, with a still more clearly de-
fined feeling of confidence. There is
increased activity in general business
and with the promise of an excellent
harvest if conditions should continue
to improve"
The northwest is harvesting it's big
grain crop, Minneapolis reports, and
wholesale and retail business is re-
spending promptly to that influence.
The yield in small grains is expected
to be unusually large.
No important changes are noted in
the Kansas City district, except an in
creased demand for money to move
the crops.
The unsettled condition OF exchange
has affected the San Francisco dis
trict in it's foreign trade, as has the
lack of ships. Railroads are busy.
Oranges are bringing satisfactory
prices, but lemons are moving slowly
at low prices.