New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1915-06-03
See BUSINESS gain
IN UNITED STATES
Reserve Board States War Orders
Are Chief Factors

washington, June S.-War orders
seem to be the chief factors in the
Improvement Of business conditions
in the United States. This is indi-
Gated in the June bulletin of the
Federal Reserve board, just issued,
which gives summary of the bus
inass conditions in the country's
twelve reserve districts.
The reports indicate feeling of
mild optimism in most districts.
but general trade conditions are still
below normal. The most encourage
ing report comes from Atlanta,
where conditions are described as
generally good. Richmond reports
a materially diminished volume OF
business compared with last year.
although it is receiving its share of
war orders. In Cleveland there has
been a slight pause compared with a
month ago, but the Cleveland dis
trict is holding its own.
OF the New York reserve district
the board says: s
Throughout New York state far
mers, fruit growers and dairymen an
ticipate good season. Factories pro-
ducing goods for, domestic use are
not busy and new orders come in |
slowly. The manufacture of war
supplies continues above capacity |
and it is extending to plants nor
mally engaged otherwise, thus part |
ly offsetting slack domestic trade.
New York Exports Increased.
Shipments from the port of New
York since January 1 are sI12,0oo,-
900 ahead of the corresponding Pc
Rod last year. Builders, real estate
ter. Textiles, dry goods and mercan-
tile lines generally are in better
shape, but 1T is evident that domes-
tic markets of nearly all kinds,
while improving In tendency. are
subject to ups and downs in sentf-
ment as the European war continues
The number of unemployed is
reduced, but many are
still out of work Figures of new
compared with recent
years show a considerable falling off.
Failures since the first of the year ,
compared with the same period last ,
year have increased SO per cent. in !
number and SIS per cent. in amount. :
There is less activity in the stock
In the Boston district reports i'm
licate % slight hardening tenden- !
" in the money market since May {
L.. There are reported, however, |,
slight improvements in the Boston
district ''in most lines, with the possi- a
lie exception of the shoe and leather
rade."
The report attributes Improvement
n the Boston district in part to the
var orders. 1t says that foreign c
government orders are reported to be 9
oming into this market almost daily h
nd trades directly influenced are
Ioing a good business"
War orders are the principal fac "
or in the shoe and leather trade, :.
Which has shown no advance over !
asst month. =,
Optimism i'm Boston District. :,
The board notes also the general "
ceiling of optimism in the Boston dis
riot, considerable Improvement in
ne wool and wooden industries over :,
ne past months, and in fact. even
part from war orders, the general a
tuation seems to be improved some W
hat, both from the mill end as well ri
. in goods Ell
Especial Improvement is noted in o
ne condition of worsteds besides a RI
.eady Improvement in the cotton ID
ills situation, the bulletin SAYING III
Most Of the mills are running on pi
Ill time. and while the volume Of a,
is reported TO be satisfactory Il