The Waterbury Democrat., 1938-08-05
BUSINESS IS ON
 UPSWINC TODAY
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9. Favorable crops and crop con- ditions.
 10. Checking of the unemploy- ment spiral and absence of wide- spread wage cutting in 1888 follow ing increases in 1887.
 Il. Increased attendance at ma jor sports events. Have more money to spend.
 Reports in Brief
 Pennsylvania's state secretary of mines, Michael J. Hartneady, sum- med up the situation this way: There is nothing bright in the near future for the Pennsylvania mining industry, except an early winter and cold as hell"
 Hartneady said most of the com- panies are stocked to capacity with coal ready for market. He said none of the mines has been operating more than half time for the past four months, some not at all.
 Anthracite production for the second quarter this year was 3,425,- 848 tons under the figure for the like period in 1887 and production value $14,559,854 lower. The June production, however, was only 14,83l tons below that for June, 1887.
 Bituminous production for the second quarter was 9,269,081 tons less than that for the similar period last year.
 The south reported that the gloomiest phase of its business pie ture since the first of the year had been widespread wage cuts in textile mills and associated industries. Some major mills announced salary reductions as high as 16 per cent during the last two months.
 New England Outlook
 New England textile mills reported a 40 per cent increase in cotton op- erations during the past four weeks and 20 per cent increase in wool ems in July over June. Cotton mills are operating 80 to 90 per cent of normal activity with work week in creased from three and four days week to five, while woolen mills are operating at 60 per cent of nor nal. Michigan also reported an up- swing tn textiles.
 Production of 100000 pairs of shoes in New England during May was three per cent aoove the figure for May, 1887, and it was the first month this year showing an increase over the corresponding period last year. Production was expected to maintain this favorable trend and buyers said the outlook for the fall is more encouraging than had been expected.
 Though automobile production is low because of the annual shut down or "change-over" period in preparation for introduction of new models, actual shortages are pre- dicted in some car fields If the cur ren tbuying pace continues. Last month more cars were sold than produced. The July production is estimated at 121, ,o00 units.
 Detroit Building Boom
 Residential building in Detroit in the past four weeks totaled $3, ,168,- 900 compared with $46l ,000 in Jan- uary. The value of all building for the week ended July g was $930,- 156-81 per cent above the figure for the corresponding period in 1897. The east, south, southwest, Pacific coast and parts of the nj = west also reported an upward trend in building.
 The department of commerce re- ported that the cost value of goods on hand from 8 sample group of stores in the general merchandise field indicated that inventories of July we're about 12 per cent be- low those of July, 1887.
 The marketing research division of the bureau of foreign and domes- tic commerce reported that while wholesale trade for the first half of 1898 was IS per cent below the corresponding period in 1897, there was a two per cent increase in June sales over those of May.
 Report on Railways
 The broad trend of railroad car loadings has been up since the lat ter part of March. Railroads re- ported, however, that there have been many fluctuations and that progress is not great. Ordinarily,