The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-02
BUSINESS PICKED UP
IN N. Y. LAST MONTH
Federal Reserve Report shows
Improvement in All Dis
tricts but Philadelphia.
WINTER OUTLOOK GOOD

WASHINGTON. Oct. with the single
exception Of Philadelphia business n
ditions are improving In every Fedora
reserve district. according to the regu-
lar monthly reports of the Federal re-
serve agents made public in the Federal
reserve bulletin to-day.
The reserve agent at New York re-
ported that Wholesale business had ex-
banded in September and made a sta
tistioai comparison with the financial
conditions there a year g which he
regarded as justifytng optimistic con-
illusions.
The reserve agent Mt Boston noted
many 6 igns Of improvement. Here ts
an excerpt from his report:
There Is a general Improvement In
all lines of trade over last month. This
improvement is very slight and reports
from some lines vary and are 'spotty'."
The three southern DISTRICTS reported
promising prospects because OF the bet-
ter prices prevailing for cotton and the
general feeling Of confidence obtaining
among cotton planters and the bankers
who do business with them.
Trade Not Normal Yet.
The Philadelphia reserve agent re.
ported as a result Of inquiries made
Of 500 representative firms In his dis.
trict that domestic business Is not ur
to normal, although firms dealing ir
! orders are working to capacity
The Cleveland Federal reserve agent
said:
Improved conditions heretofore con
, fined to special lines have now foint
their way into general trade Throughout
the district"
Tire Chicago agent said:
80 far as there Is any change ir
general business conditions II Is for thu
better. and there appears to be a feeling
OF more confidence in the future"
According I the st. Louis reserve
agent:
General business conditions show thu
Increased activity indicated by tho i'm
pruvement during July"
n observation IL said to apply espe
cially to the wholesale trade.
enera trade Is reported rs prosper
Gus in the Minneapolis district and l.
said to be moving lat about normal"
The reserve agents at San Francisco
and Kansas City pointed out a number
of promising indications and saw littl'
evidence Of any decline from the presen'
status.
New York Conditions.
Here Is the report Of tho reserve
agent al New York:
While advices OF poor retail bust
ness and slow collections are reported
from certain sections wholesalers con
suited in New York city say that trad,
~ expanding and they believ the out
look Is good for fall and winter busi
ness. The industrial situation remains
unchanged. with continued activity II
lines affected by foreign demand.
statistics for August. 1915. compares
with August, 1914. show the follow
ing:
Exchanges through the New Yorl
Clearing House. ss.537.4+2.170. al in
crease of $3.956.24l,575. Tho Stool
Exchange was closed a year ago.
New York city building permits. for
ty-three, for structures to cost $7,260,O0
an increase Of eleven In number N
$3.S5l.l00 in amount.
New York State failures, IFS. will
liabilities OF $1,45s.765 a decrease o
tifty-seven In number and s22.40s. ass II
liabilities.
During August, s73.osl,5oo par valu,
Of bonds on the New York Stock Ex
change, an increase Of $1S.572.000 owe
July, and 2O.f21,231 shares OF stocks, al
Increase OF 6.097.424.
"A compilation of railroad earning,
for the first six months OF 1918 show
gross $l,407. 1853 and net $3e4.6s3.
54S. Compared with the same period o
1914. gross decreased s39, 9ys.56 an,
net increased I 7,6l5,341.
The export trade Of the port Of New
York continues to exceed that Of las
year. The latest compilation shows ex
ports OF $975.2ss.04O. against $500. sl2.
3S4 last year. and imports Of S664,02s,
664, against $3.50, 760,3i7.
Clearing House Banks.
New York clearing house banks Of
September IS reported loans $2,7Os.7 6l.
300. deposits 81. 9O3, 146. 900. excess re
serves s220,373.O 600. Compared with Jul
81 loans. &c. have increased 3l30,sl7,
200, deposits s207,s44.000 n excess re
serves $39. 3 5000.
Local money rates remain practicall
unchanged bankers acceptances at
to 3S per cent. commercial paper a
34 to 4 per cent, with a fair volume O
transactions at 8 per cent. time loan
on collateral at ga to 3h per cent"
FIRE MAY CONCEAL THEFT.