Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1915-05-03
INF R0vEMENT IN
BUSINESS NOTED
ON EVERY SIDE
Digest Of Federal Reserve
Boards Reports From
Agents Shows General Re-
vivaI of Activity.
Iey aosnlNe l0vnn.L sesel.l lrAsse wl..l

Washington, May 2.--General H.
prOvement In business conditions with
returning confidence" is announce
today in the federal reserve board'.
digest of reports Of agents in ~
twelve reserve districts into which tbo
market is divided. Development os
strong, active securities market an
the New York stock exchange an1
considerable activity in certain lndns
tries in connection with the war aro
pointed out.
From the New York district general
Improvement with optimism i'm New
York City is reported. The real
estate situation is said to have baep
distinctly bad, with leases at greath,
reduced rates. Prices OF dry goods
textiles and other commodities have
quite generally advanced since Anru
! las a reflection of better demand .
Slight Improvement Is noted from
the Boston district. There business
directly affected by the war & In
much better condition than trade NOT
so benefited. Commercial paper in
hands of brokers Is scanty and de.
mand for money in the larger centers
is light.
Industrial Activity.
some Improvement in the last fow
months" Is reported from The phia-
delphia district, although information
from all Fart of the district indicates
that business conditions are below
normal. Coal lumber, ship wards
sole and upper leather. paint and va
rious iron and steel industries have
improved Cotton goods manufacture
Is fairly satisfactory. wool quiet and
cement business below normal
business conditions are said ia
have improved materially in the
Cleveland district, as compared with
six weeks ago. The metal industry
has been stimulated by foreign or.
ders. The coal trade stlll is reported
unsatisfactory because of labor, legis.
lative and trade conditions
improving conditions and promise
of continued bettermentn is the sum-
mary of reports from the Richmond
district. There is decided improve
ment in cotton prices. with confidence
in the future. Cotton milling is pros
porous.
The Atlanta District.
The Atlanta district report indicates
increased activity of sound and con-
sentative nature in all lines" though
no remarkable Improvement In
creased railroad, hotel and postal re-
eeipts reflect cotton trade advance
and growth Of confidence.
The Chicago district report shows
improvement, though not very pro-
nounced outside of those lines profit
ing by war orders. Money conditions
are said to be easy
In the st Louis district demand for
general merchandise has improved
While below normal. the sales and
collections for the first quarter of the
wear show Improvement over the pre-
Vious quarter and year ago Condi-
tons in Arkansas and Mississippi, the
reports say, hinge on next autumns
cotton and lumber and If crops are
recuperation from last
years losses is anticipated.
Good Crop Outlook.
Abundant crops are promised in the
Kansas City district, with agricultural
and horticultural conditions almost
perfect. supply of loanable funds far
exceeds demand in practically all sec
tons.
Steady and conservative increase
for retail trade is reported in the
larger cities Of the Dallas district
''The feeling through the entire
business, agricultural and livestock
section is encouraging, adds the re-
port Cotton and cotton seed pro
ducts show an increased demand and
satisfactory prices. All emergency
is expected to be retired be-
fore May