New-York tribune., 1907-09-07
CONDITION OF TRADE.
"DUn's Review" SAYS:

Aside from some conservatism in preparing for
remote requirements directly due to stringencv in
the money market. the volume Of business is salts
factory. Trade exceeds oven the activity OF last
year in many sections and as the crops are sc
cured there is a demand for goods at leading job
blng markets that makes the outlook bright for fall
Wholesale drygoods sales nearly concluded 1T
the South. and merchants are hurryiag ship
ments forward TO meet the autumn retail demand
that is about TO open Prices OF farm staples have
risen to unusual position for this season but
this is caused by large foreign needs rather than
any reductions in domestic Weld. and the in
creased money paid to the farmers viii
te,e0t all departments of trade ard industry The
Ereek's results somewhat irregular because Of
the holiday and interruption 20 telegraphc com
munication. but complete reports for August indi-
cate that the midsummer month compared most
faVorably with 1850 III almost every atpaItIleII
except the market for securities Liabilities OF
failures were swelIed by few unusually large sus-
pensions. but the number of defaults was not eX-
ceptonal. and railway earnings exceeded those o.
last year by SO per cent Foreign commerce. az
this port for the last week showed gains Oh
s. 5e4 4 in imports and s2457S3 in exports 4 some
what better feeling advanced stocks slightly but
each inward movement encountered much Iquida-
,ion that checked the rise. Bank exchanges at
New York for the week were %52 per cent less tha
g.; 1aos rejecting the decreased trading IN securi-
ties while at other leading cities there was an
average gain of Ia per cent
''I3radstreet's" says:
The more cheerful tone of matters financial IL
reflected in the reports of expanding trade AT large
tobbinx centres fall account Conservatism IN
bu1-ing is however still enforced by money market
conditions and purchases are not SO iarge as u,ey
hee, rennrts comes from leading Northwestern ah'
southwestern centres which apparently hnd crops
t,,rrgrr out better than were expected One lefiI-
,,re deserving attention is the reported less note
worthy buying of complete new stocks or GOODS
,,l,,c Is apparently a result OF money condluons
oui.e few cities report trade as a whole ahead OF
t5e fan season of 1906, the outlook in those
sections no doubt influencing buying CoHecuois
chow inprovenent in different localities. but as i
xUl,oiA are still slow Demand for money Is GER
tainlv very active, and there Is higher range Toy
time money noted ar the West, while rather more
case &c noted at the East and European acceptances
of American bills freer. Crop conditions vary
with sections and crop reporting. Corn has been
helne6 by warmer weather, but needs long, warm
fall season q full crop is to be had from the
record acreage Cotton reports range from good on
the Atlantic coaSt TO poor in Texas the latter be-
cause Of drouth. Oats is the shortest crop in
fourteen years Spring wheat cutting is completed
with irregular yields In connection with this mat
ter of ascertained short crop yields, IL might be
stated that the feeling is that higher prices for all
grains and cotton VIII far to make up for small
er quantities harvested. Certainly, foreign buying
OF our grain and -four has been more notable Of
late and this explains the higher range of cereal
prices touched this week, while cotton holds firm
at close to the highest of the year.