The Waterbury Democrat., 1932-10-21

New York, Oct. 21-A decided upturn in collections and sales throughout the country is revealed in the October survey by Credit and Financial Management, official publication of the National Associa- ton of Credit Men. Previous months had witnessed a slowly ris- ing curve to indicate improvement, but in the current month the turn upward is sharp and decisive, em- phasizing the favorable indications now being reported in many part of the country.
 Five cities, in contrast to one in September, note collections as good" In the sales classification there are also five cities in the good" column instead of two. Col lections are reported as 'good' Tn Springfield, Mass; Austin, Texas; Charlotte, N. c; Albany, N. Y; and New York city. Austin. Charlotte and Albany also reveal good" sales and to this list are added Dallas, Texas; and Helena, Mon tana.
 De!ving through the reports from the 1O5 correspondents in the countrEs major markets it is seen
  advance of the collection better ment as to intensity, but this is in- terpreted as logical condition be- cause collections invariably follow sales in wholesale circles by mar gin of 30 to 60 days. Supplement- ary reports from various states 1n- dicate the improved outlook:
 Arkansas: tt. Smith reports col lections fair and a marked increase in sales. Collections and sales in Little Rock are fair and an upward trend in business is seen in almost all lines.
 California;: There has been Q definite improvement in collections and sales in Los. Angeles. Oakland finds collections and sales fair and expects pickup in both during the coming months. Collections in san Francisco \ have shown a decided tendency toward larger volume In sales. The general outlook is good.
 Louisiana: New Orleans finds collections fair, with one section re- porting collections very good. Sales are fair. Shreveport reports the foi- lowing: While no improvement IS vet noted in wholesale collections, some houses report sales for the past month as the best for the corresponding period in three years. The prices of many commo- dities are increasing and the in- crease in the price of cotton Is having a very marked effect. The cotton crop in this section is very , short, but a good feed crop has been made. Improvement in all lines is anticipated within the ! next few months. A better feeling seems to exist throughout the sec- tion, and within the next few weeks an improvement in collec- tions is anticipated"
 Minnesota: Both sales and col lections have improved in Duluth. Minneapolis reports the following: "There is an indication of improve ment in collections and evidence I>of the usual seasonal demand for merchandise and slight up-trend in sales. Further recovery in prices of live stock and grain should im- prove collections in St Paul. A feeling of optimism is apparent among buyers, who are rep!enish- ing their stocks"
 New York: B!nghamton reports collections fair, with two sections reporting collections good. Sales are fair. Collections in New York are good and sales fair. One section reports sales good with the collec- ton turnover Identical with last year. Bankruptcies have been greater in this section,
 Texns: There has been n decided plck-Ip in collections and sales in Austin due to the rlsc in cotton. The Dallas market wholesalers have just reported one of the best buying seasons in two years. Col. 1ections are fair. Fu Worth reports the following, "collectlonsson cur. rent accounts continue good. with | a decline In sales Of approximately 30M oyer the aame period Hast year. JobbsrB and manufacturers are doubtless carrying receivabieH which are 'of long standing, but with good prospects for e large cot. ton crop, and q fnif prlce for thlf commodity practically assnfsd'