Show Wholesale Trade Is s Immense U. U S. S W Woth orl S Stimulates timid ates Bu Business sine ss C Government oye it Bonds B on ds Are Strong St rong A ACTIVITY A in inar war Avar work vork pulls puls in the direction of expansion an and lifts the essential high above the nonessential but in or ordinary inary channels shortages of this or that commodity high prices rices scarcity of money inadeQuate supplies of labor an and restrictions either from the tile r gov-r government nent or upon upon credit prevent tho the freest movements says Bradstreets Incidentally the countrywide campaigns In behalf of the tilo third Liberty loan which have brought out a multitude of subscriptions subscriptions tons from small smal investors have r reacted acted somewhat upon retail trade and relative dullness In that quarter also has been Leen accentuated by cold weather over ove a wide I 5 area Likewise while gr grain ln cro crop news continues continues continues con con- favorable low temperatures have deterred d farm d dw w work ma a and lr prevented v te rg crops already seeded d from m taking on growth But after making allowances for the reservations res rca noted a large volume of ot trade is passing in wholesale linos and the heavy disbursements being made from th the proceeds of ot governmental Income stimulate buying In centers as aswell aswell well wel as in the shipbuilding zones Thus Willie while numerous numerous lines just now are being forced to submit to a further paring of f operations gap gup p time thus t caused I Is Ire re readily the al always extending work worl the gov government Under Under Under Un Un- der the circumstance is quite quie superfluous ous to say th tt reading t industries are active but Hs suggesting how a rion- rion essential r industry has tb been spurred u to activity It It it I c to be noted that while I manufacturers manufactures of ot pianos are are not bat doing much ii in their regular line Hue lne they ire are nevertheless nevertheless nev nay busily engaged In turning out wings a and ayd wires foe aeroplanes Furth In 11 t Ve output of pleasure automobiles hav is ordered flour milling Is b below ow I ly na to lack acl of materials and of ot new enterprIses enterprises enterprises enter enter- of a 15 vs character are held in check check either by bY ls war restrictions fear feal of ot being placed In in the tile nonessential I I class or possible credit restrictions Dry goods are in good gool demand and various sections of the country report a paucity of stocks but even in this respect reservations reservations reser reser- founded on the recent sharp de declines de- de dines clines viz 8 cents or 2 25 per cent in three weeks In the price of ot raw cotton plus expectations of lower prices for goods goods- must be made In any event jobbers job job- bers hers and retail dealers are Inclined to think that heavy buying may as well wel be held up pending clearer views as to the of prices and this attitude is re reflected reflected re- re back bac to initial distributors who seem more disposed to accept reduced prices as a natural natura corollary of ot conditions of government action acton Workingmen's clothing Is in good demand but orders have been issued to merchant tailors to I eliminate frills fris on clothing for fall and winter wear The government is to play an all con al con con- trolling hand with wih supplies of ot raw woo wool and whether purveyors like hike conditions or not prices will wi have to accord with the governments government's else el commandeering will wi ensue Shoes are in good demand and the East expects government demands to fortify the market but the Vest West anticipates anticipates antic antic- antici antici- pates lower prices rices the latter views be beIng being be- be ing predicated on the theory that tha large stocks of leather are In store and that high prices IC have e encouraged ed conservation I g by the ordinary d y ye wearer i Labor Is in short supply and further drafts for the tile I respective l militant f forces c tend to further t deplete f the tem number b r rf of available ow workers r I IThe The transportation tra situation continues to I reflect improvement ment thereby increasing i supplies of coal 1 and coke for f furnace and mills but u fe even s so complaints af s sf of Inability I I I to get cars emanate from a number of I quarters quarter a I IdO Collections e bb exhibit a slight slowing I I dO down probably because u of payments m on g account of taxes and subscriptions to the I Liberty loan As the federal authorities cannot allow alow income and excess profits taxes to be paid on the plan instalment-plan this fat fact with the Liberty loan financIng financIng ing is expected to create more or less stringency in money demand for which is strong Bank clearings taking the country as a whole display some recession reces reces- I slon sion from last year but on the other fl hand pame payments outside ts of N New York O continue con con- I lg to exhibit gains n Stock c market a t operations have been checked by the Liberty Liberty Lib Lib- erty loan campaign but government Lib Lib-I bonds disclose a rather firm undertone |