The sun., 1916-10-02
BRIGHT OUTLOOK FOR
BUSINESS MAN SEEN
Pierre Jay Of Federal Reserve
Bank Issues Statement
on Conditions.
MANY GOLDEN SHOWERS
General Prosperity Shown to
Have Extended tn virtual
~ All Industries.
MANY GOLDEN SHOWERS

Pierre Jay. Federal reserve agent IN
New York. can see no shoals ahead for
the American business man. Hs raw
out a statement yesterday IN which he
listed many NJ the industries which are
now standing under q golden shower.
The metal trades, ma nufacturers and
dealers In agricultural staples. stoves.
furniture manufacturers. those in the
textile lines. shoe manufacturer, whole
sale and joobing houses. department
stores. freich. carriers. the New York
state savings banks. the Stock rx-
change all OF these and many more are
prosperous, and confidence in the bust
ness outlook has become general. He
says
1T IL apparent hat confidence IN the
general business outlook has grown con-
sldernhly OF late. This IL evidenced by
the Increasing activity Of practically all
mercantile lines In the face Of a strong
up'urn In prices which has raised the
average price Of commodities to the
highest level ever recorded.
~"frodurcrs OF goods are working UNI
der pressure TO III winter ana sprlne or
d.rs. The Industrial situation is I'M
N'i- '"'' ~ ~ Sl4tllllN DttteT Sut DIN
of raw materials Mos, reports still EN-
rhasize the shortage Of help in factories
and mills.
M the metal trades are active. Pro-
duct'on Of pig iron fell OF from the high
records OF recent months. but EQUALS the
large n ~ early months Of the
year and greatly exceeds that OF a wear
60, Manufacturer Of automobiles and
1arts report business better than ever
Agricultural staples. stoves and hea,ins
appliances are In rood demand. Furni.
tu-e manufacturing Is increasing, with
prices reported TO he IL per rent. highe,
than n year AGO.
"a great volume OF business continue,
Z in textile lines shoe mauufa cturers re-
Nort an exceptionally heavy demand fpr
winter goods. Importa:ions OF ra
hides during tho last fiscal year were
the largest IN record. but III. domes,!c
and foreign demand for finished leather
AMI leather goods Increased in ever
greater ratio, SO stocks have not accumu.
lated Whoiesalr and tobhirg houses re-.
port an expanding trade ia fal, and win.
ter goods.
department stores, mail order house.
and chain stores are dolnG an active and
improving business one OF the latter
published figures Of August sales show,
. lis az as'iNhSV W pfT CeIlt. ONeT lAs
year.
Freight carriers on the great lake,
are promised. ample carEoes for the re-.
mainder ~ NE season. Collections ar,
good IN most li'.s, but some Of the pro.
vision dealers and suppliers OF huildirs
materials md payments overdue and II
several ~ the country districts, M usua
at this time Of the year. there are rom
plants Of slow payments.
"Thc labor situation has baer more un
settled during ne last month, particl
Larry among leather goods workers an,
employees on 'h- traction lines In New
York city. Some New York state saw
inCs banks reported on July I. 1915. ~
increase IN deposits OF sal.7l7.sos owe
July l. 1915
authorities say real estate conditions
IN New York city have improved cons'd
erahly OFFICES and apartments are easil,
rcr,ed and there are few sales Of prop
eriy. Prices are frrn."