New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-08-10
CONDITION OF TRADE.
"Dun's Review" says:

'Jobbing trade in fall and winter goods is active
al the leading cities. country merchants being IN
large attendance and operating freely rs rule
Retail sales Of seasonable merchandise are liberal
although points customary midsummer
quiet is noted. While payments are somewhat tr-
regular, mercantile collections show instinct I'M
provement the whole. few labor disputes are
pending there is little interruption in the lead
ing industries. most manufacturing plants WORKING
full and holding orders that promise continued
activity. Commodity prices are lower. especially
in cases where speculative imitation existed favor-
able weather having greatly improved crop pros
poets Railway earnings for July. complete Tor
four xraaks chow = gain of 3 per cent over the
month last year. and foreign commerce al
this port the last week supplied an Increase OF
s45S2 Sl4 in value Of imports compared with the
movement year ago a small loss or s4'Se4' oc-
CURED in exports Aggressive speculation oE llle
short account depressed prices of securities close
to the low point in March pressure in the money
market and a legal decision against prollileii.
corporation being the only tangible explanations OF
the weakness in stocks. the sixty most active rail-
way shares averaging more Ihan ~ pelo" the
high record established last year. Proht taking
and a moderate investment demand caused some
recovery from the lowest point Bank exchanges
at New york for the week were 81 per less
than a year ago. but other leading cities there
was average gain of ia per cent
''Bradstreet's' says:
Gross currents in crop and trade developments
render generalization difficult Dispatches TO
'Bradstreets' point to further favorable progress
by leading crops notably corn, cotton and spring
wheat hut executing oats reports from which
not favorable. Ideal weather Is reported Tor corn
except in parts OF the Southwest; advices from
time and hot weather benefits cotton Winter
wheat Yields are also better than earlier indi-
Gated but oats turning out short and light
In the Southwest. Northwest and at large Eastern
centres sentiment TO fall trade has been helped
by these Developments and fall buying Is becoH-
ing more noticeable, as country merchants are
coming in in increasing numbers. In some OF the
large industries however, Quieter trade Is reported
in some branches, with prices easing. Thus Pig
iron and some finished lines reported lower
On the week Reports TO 'Bradstreets show less
activity in current building. Demand for shoes
leather and lumber is of a midsummer character
and 'Rradstreet's' price index number shows
drop of per cent for July In textile trades the
feature is the marked activity at Strengthening
prices for cotton goods, and the dress goods and
silk markets are also better. but 1t is noted that
sales of mems woollens for the spring OF
1908 are below those of the preceding season AT
the same time raw wool, especially the nner
grades is strong and active. with the new west
ern clIp well cleaned UP. There is more talk OF a
recession in trade present and prospective In some
lines and the suspension OF new railroad work at
the South IS a case point, but II is noted on the
other hand that sales Of rails are larger ana
soma enterprises using this material nitherto held
| I'D are now being pushed The feeling Is mat
| money is apt be high, and shipments 10 Ihe
| country for crop moving purposes are larger