New-York tribune., 1907-08-17
CONDITION OF TRADE.
.Dun's ReviewI' says:

Lower prices for railway securities tnan at any
time since July J. 1904, greater stTnRehcF III ti'7
money market and the telegraph strike were ihe
weeks adverse factors. Offset by many iaVoTab!e re
norris OF jobbiug trade. manufacturing acllFlty'
rapid progress Of the crops and rearkGolE pr"'pt
collections considering the scarcity of money Cndue
ri6carce was given the Pope failure which fS
I'm the case OF the AIken assignment in June was
caused by monetary pressure ana not lack OF busi
ness Irregularity at the leading commodity eA-
changes resulted from poor wire service, but theFe
was little net change in prices RepoTis from III"
interior are almost unanimous IN telling OF acuNe
current trade and bright prospects for fail and win
Ter Most leading industries have orders covering
output months in advance, and ne" TecoFoS OF
production constantly noted- fdEotao'o c'Hi
narisons with the corresponding week last year are
particularly encouraging because OF the eNceptonaI
activity in August 1896 Railway earnings thus far
-arorted for the current month show increase Of
II per cent over last years figure which IN turn
SURPASSED earnings in 1895 by III per cent For'lsn
commerce at this port for the latest week eXceeded
years by s755034 as to value OF neTchdnoise A
rortad but imports decreased StlDAoI. being the
first loss reported in seven weeks HdlN ezchinseS
at New York as per cent larger thitn Ia the
Same week last year, while at other leading cities
there was an average gain Of Il per cent.
''Eradstreet's' says:
Growing crops show further good progress toward
harvest and fall trade tends 10 expand at leading
western and eastern tobbng centres. Best reports
naturally come sections nearest surplus crop
producing regions. for instance. the Northwest
ap5 coir,est and there IS no apparent decline IN
demand visible those sections. hut the influence
Of tight money stock market unseftlemeht ana inc
! re1q
t,asF where conservatism to buying FOR future
needs is more Immediately In evidence confirmed
as This feeling is by the knowledge of the already
,arge volume OF orders secured. Cross currents
ra visible In different industries. Thus, while m
ished cotton fabrics are in demand ana some
/ makes notably blcached goods. have been fuFther
advanced there reports Of Slnaler denldhd t'iu
| lower rrjces for cotton yarns Again. in wooel
goods while high grade worstedS ana ihe "o"e'I
fabrics have sold well. other grades are slower "i
sale and there is talk of accumulation IN me
leather trade there is more life tilah ot Iate ana
good quality leather and hides are on h'ttsT sel', =
arc also high class shoes; low Rrad's are slower 81
/ eaIa and Eastern shipments so FAR ara per cent
bebind 1906 In iron and steel the lack or new buy-
ing is still notable and prices tend 10 ease as te
mills and furnaces find deliveries easier 20 make
| There are very favorable features thal % %ne-
! serve mention. Thus July gross railway earnings
| cornrlete show a gain OF i per cent over jury a
! wear ago which in turn gained u per cent over
The same month 1905. Bank ciearinSs are larger
tt,an last week or year. mainly. perhaps, due
! "a heavy clearings growing out Of active STOCK
eDeclation al lower prices, hut II is to ne noei
tbat gains over year ago still very general at
/ guf sid