New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-26


against los last week.
Review of Trade.-Commenting on
trade conditions, r. G. Dun & co. say:
aVarious influences, most Of them tenn
porary. have caused some recession in
the volume Of business. Production and
distribution have both been lessened
,ppreciatively by oppressive heat over
avide area. while in some industries the
necessity Of repairs has become impera-
tive and in others belated inventories
are being taken. Operations in many OF
the works are also hindered by the
scarcity of raw materials and shortage
Of labor. and the high prices and gen
srsllv sold-up condition Of mills and
factories naturally tend to restrict buy
Ing. Yet if in some important depart
pepts business moves under reduced
momentum, in nearly all il is surpris-
ingly large for the midsummer period,
and previous gains should be aug
mented as the season advances. Ex-
tensive preparations are made for a
general resumption Of activity in the
fall and winter, and in certain branches,
notably in pig iron, the revival has set
IN earlier than expected. Notwith-
standing the diminished harests, the
labor unrest and other disquieting ele-
ments, optimism continues the domi-
nInt note in reports from every sec
ton Of the country"
"Bradstreet's" will say to-day:
Trade and industry are active,
prices Of nearly ell products are firm
or advancing and reflection of the IN
deniably poor general crop situation
or Of the uncertain railroad outlook is
sought, almost in vain, in the reports
as 70 trade demand, manufacturing ac-
tvity or commercial collections. This
Is attributed 10 various causes, least
Of all, however, TO exaggeration as TO
crop damage, though there is probably
some Of this 70 be reckoned with. The
general disposition is, in fact, to regard
the railroad strike menace as likely to
disappear and TO view the high and
advancing prices Of all farm produce
as likely TO Offset the concededly very
moderate yields of cotton. most Of the
cereals and other agricultural food
products"
The Powder Industry.--As part Of its
plan 10 increase its business with
South America, Russia, Japan. China
and other countries most easily
reached from the Pacific Coast, the At
las Powder Company is now actively
engaged fin charging the manufactur-
Ing facilities at its Giant Company
plant in California. Coupled with its
factory construction the Atlas company
is building a model village at Giant for
the housing Of its employees.
Cotton and Coffee Exchange Holt
days-The Cotton Exchange and Cof-
Zee Exchange will be closed on Satur-
day, September 2, and on Labor Day,
September 4.
Stock Exchange Holiday.-A petition
vas started on the floor of the ex-
change yesterday afternoon favoring
'.asing the exchange on the Saturday
Preceding Labor Day. II official sane
u'n Is given by the governing commit
zee the brokers will have triple holt
day.
Union Bag and Paper-A special
meeting Of the company's stockholders
VIII be held September Ii for consid-
enns a joint agreement between the
company and the Regal Bag and Pa
per Company for merging the two con-
Germs. August Heckscher, chairman Of
me stockholders committee, says:
Inc Committee is pleased to report
mat In view Of the changed conditions
'aere is, in his opinion, 10 necessity
"present 10 issue either the preferred
.'oek or debenture notes referred to
"a the circular Of May /, and the CAPT
sai OF the new corporation will be s10,-
"VV'OOO, ell Of its common stock"