New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-07-20
CONDITION OF TRADE.

''Dun's Review says:
'.Fncouragtng reports are received from leading
commercial centres the volume OF business being
exceptionally heavy for the season, and stocks are
deuleted by the usual clearance sales proFldlhS
more prompt payments and greater confidence IN
tho future Buyers numerous in the large
cities preparing for active fall trade. now that
the agricultural outlook Is less uncertain ClotlnS
manufacturers report much business and few
cancellations Other prominent industries are Wen
occupied, the quiet pig iron market being seasonal
BILE and furnaces have contracted LOT lutlr OUTPUT
90 far ahead that no concessions are made 10 slim
ilnte demand. Accumulated stocks depTeSS hides,
vet the leather market is firm. and shoe shipments
from BOSTON for the half year We're only once eN-
ceeded and that by less than per cent. lmni-
grafton in June 34S3t greater than last year.
while the total for fiscal year OF l2S5Sis sur
passed the previous record by per cent. Foreign
commerce in June ecltpsed all previous records FOR
that month both imports and exports rising S1e--
100000 above June. 1906 which IN turn exceeded all
earlier years For the last week at this port eX-
ports gained &.420 1893 and imports increased SS1S-
699 as compared with the movements year ago
RAILWAY earnings thus far reported for July show
gains OF 9.S per cent over last years figures Last
Saturdays unexpectedly good bank statement tenn
norariIv weakened call money. but there is
in term loans and the financial situation prevents
any sustained recovery in securities. Bank ex-
cent larger than last year. and nj other leading
cities there was gain OF So per cent"
"Bradstreet's' says:
Weather conditions still favor seasonsbe trade
and crops and there is no more than ordinary
quiet noted in wholesale lines as result OF mid
summer conditions and the reign OF the vacation
season Retail trade especially is turning out
rather better than anticipated, and clearance sales
are freely patronzed, indicating that the buying
mower of the country is maintained at high level
Recorder business too. is of fair propOruOns-in
fact is rather more In evidence than are bookings
for fall. which await clearer view OF crop out
turn before finding full expression II is quite
generally the case, too. that where cancellations OF
fan orders are noted they are accompanied by the
statement that these arc no more numerous than
usual at this season in previous years. Such con-
servatism as is noted indeed. is generally with
regard TO far off deliveries. One favorabe deveI-
opmeut certainly calling for notice is the cOntin-
nance of good reports TO collections which find
confirmation in tho steady gains IN bank clearings
noted at most cities year ago. itself period
OF large gains over 1905. The crop developments.
favorable Corn has had especially good weather,
vet from flooding in low-lying ground Cotton has
also made excellent progress. Rains interfere with
wheat thrashing. but help growth in the North
west where. however. crop reports spotted.
Hav Is turning out better than earlier expected
and bringing good prices. Cereal prices reflect
crop conditions largely, but poor European crop
renorts tend TO steady wheat. Cotton is irregular
and former bulls have turned bears on prices.
stock speculation is largely professional and deal
ings are largely confined to few subjects of mar
ket action Money has eased at New York. both
for call and time, but some views that this is
temporary and interior banks reported well
loaned up Foreign trade for the fiscal year shows
the relatively rapid growth of imports as
compared with exports.