The Birmingham age-herald., 1915-09-02
MONEY PLENTIFUL
 SAYS THE FEDERAL
 RESERVE REPORT
Revival of Iron Industry in Birmingham District Is Feature Foreign Or
 ders Stimulate Trade

Washington, September 1.-Business conditions throughout the United States have changed but little in the last month. according to reports from the 12 federal the federal reserve board. The reports in- dicate slight improvement with large crops in sight. manufacturing in special lines stimulated by foreign orders and money easy and plentiful.
 The feature of the month in the Atlanta district was the revival of the iron in dustry around Birmingham. The blowing In of several additional furnaces and a demand for labor had a good effect on general trade. No fear is felt. according to the report, as to the ability to ware house the cotton crop of the district or to take care of it financially through the Atlanta reserve bank. Railroad men feel optimistic that their business Is about to improve.
 The Richmond district reported that it Is realized in the cotton territory there can be no excuse this year for repetition of the experience of last fall Knowledge that well orga nized agencies are at hand to assist in taking care of the crop has had steadyins influence and is expected to insure a natural price, subject to supply and demand. Southern tobacco markets have opened at satisfactory prices
 Cotton Yield Reduced
 Dallas had six-weeks' drouth in a part of the district which reduced materially the cotton yield but the report says if nf ipfo tbs~o T. full crop. General business conditions have been improving steadily. but much depends on the cotton crop.
 Boston reported increased emergency orders, with direct or indirect effect in all lines of trade, but retail dealers and department stores show business below normal figures. Unsettled labor condi- tions are troubling manufacturers.
 From New York 1t is reported that in- dustry, particularly in iron, steel machin- cry, wool and leather, is more active, with foreign orders the principal stimulus. Wholesale trade is good and stock trans actions were notably larger in volume.
 There has been little change in the Philadelphia district. and the report adds ''the expected general improvement has not appeared and the outlook is uncer- tain" Emergency business continues in iron and steel trade, with the hope that it will soon create activity in other lines. 1 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 i been no decided new advance. Domestic 1 trade has not reached normal. Crops are suffering somewhat from wet weather
 Chicago Business Improves
 Chicago reports that August develop | ments show the general business ad- 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 bettert | with still more clearly defined feeling | Of confidence. There h increased activ- | ity in general business. and with the | promise of an excellent harvest "condi- | tions should continue to improve"
 The northwest Is harvesting its big | grain crop. Minneapolis reports. and 1 who'll esale and retail business Is respond Ing promptly to that influence, The yield | in small grains Is expected to be unusual ly large.
 Nc important changes are noted in the 1 Kansas City district except an increased ! iema nd for money to move the crops. | The unsettled condition of exchange has | Infected the San Francisco district In 1ts ] foreign trade, as has the lack of shtps. | Railroads are busy. Oranges are bring | Ing satisfactory prices, hut lemons &ro | moving slowly at low pr1Ceg.