The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1915-07-04
BUSINESS CONDITIONS
EXCELLENT IN WEST
New York Employs More Labor Says Reserve Board Report
Philadelphia Jobbers Optimistic About Future
Trade Observation-Disclosures at Standstil

Mingled optimism and depression
characterize the reports on business
conditions in the twelve Federal re-
serve districts made public by the Fed
eral Reserve Board in its monthly Of
fetal publica ton yesterday. Boston
and New York report that trade has
been retarded by unseasona BILE wea tn
err. The tone of the reports from
Philadelphia. Minneapolis. Chicago and
Kansas City is decidedly hopeful. but
St. Louis and the three Southern dis
tricts have few improvements to COM
ment upon. Here are selected para
graphs from reports:
Boston district-"W ca Their conditions,
which have been unsettled, and the
wave of economy, which is affecting
all classes. have no doubt been i'm
portant factors in affecting general
business during June. The latter fac
tor has been noticeably felt in the mill
towns where. while increased deposits
in savings banks are reported, the
business of the local department
stores is not satisfactory, and manu-
facturers of cheap jewelry. dependent
on department store trade, report I'M
usually poor business.
Leather Business still Dull.
The shoe and leather business is
still very dull and while prices of
leather as a rule are well maintained.
tanners are keeping their production
Just sufficient to meet the actual de-
mands.
The reports from the cotton mill
districts show business in that line,
for the most part, satisfactory. There
seems to be recession of business
trade since the first of May"
New York district-"Orders have
,,.sad activity in nanV in
dustries and better employment for
labor Strikes are reported in south
ern and northern sections of the dis
trict. Bank deposits are generally in
creased: collections are fair. with but
light demand for loans.
I'm New York City. trade was also
somewhat retarded by the unseason-
able weather, but from number of
large houses it Is gathered that mer-
show an improving trend and rea-
sonably satisfactory outlook.
More new companies were incor-
porated during the month than in May
last year, but the figures of new in
corporations for the last five months
are still far behind those of the
periods of recent years
Future Looks Brighter.
Philadelphia district Domestic
business is still below normal. but
manufacturers and jobbers are pre-
pared to take advantage Of brighter
prospects and are looking to the fu-
ture more cheerfully than a few
months ago.
ORDERS are being received in great
er volume than last month for supplies
for export, and this business Is not only
helping to restore confidence but Is
spreading business to other allied in
dustries. Many large concerns are
turning their attention to this new bus
mess, which usually necessitates the
OF machinery or additions
to plants This has had a favorable
effect upon concerns engaged In the
of machinery. tools. and
materials. with the result that
the steel industries show decided
gain over last month.
Conditions of employment are i'm
proved. and the increase in pay rolls.
with the corresponding increase in
power. have made the home
trade better.
Most domestic manufactures are
operating at about the same capacity
rs last month. excepting the steel in
dustries. Ship yards are exceedingly
busy, and will be for months to come.
coal mining Is close to the
minimum usual during the summer
but there il an increased de-
msnd for bituminous coal. Although
somseof the large railrosd shops are
st only q 1sr eat q ca