New-York tribune., 1907-06-29
CONDITION OF TRADE.


Improvement has become more pronounced in
distribution of seasonable merchandise. and with
the reduction 1f retail stocks there IS broadening
OF interest n tobblng and wholesale shipments OF
fal and winter lines. Weather conditions have
again favored both trade and agriculture rapid
development Of the crops being potent for good
In commercial departments. In a few exceptional
cases the week has brought change in the
attitude of indsposition operate until results on
the farms are assured, but at most leading cities
the sentiment Is distinctly one Of confidence. and
mercantile collections much prompt
Little machinery is idle in the leading Industries
except where repairs or inventories interfere. and
steel mills the stoppase will he brief owing TO
the urgency of consumers and the large contracts
on which specifications constantly appear. Cotton
mills disregard the course of the material or
the amount Of business. having SO many con-
tracts on hand that current conditions OF no
weight outing goods attract attention az last
and summer resorts are making up part of early
losses. New wage scales for JGly l have been
arranged with lIttle friction few controversies Of
importance remaining unsettled. Building opera
tfons arc large although loss than contemDlat ed
owing 10 financial conditions Railway earnings
In three weeks OF June exceeded last years
figures by II per cent and there Is st!u COM
plant OF car shortage. notaaly from the extreme
Northwest. Foreign commerce at THIS port for thu
last week showed gam or $L2Ss-- In imports
and a loss OF tt3i. .2S5 IN exports compared with
last years figures. Cold ceased TO go out when
the movement had reached $25.o000CI. exchange
rates responding TO offerings OF finance bills ard
purchases of stocks by London. Securities recov-
cred about s. !er share from last weeks lowest
point. partly In anticipation of the investment Of
were 1871 Per cent smaller than year ago, hut at
other leading cities the weeks clearngs averaged
81 per cent more than In 1905"
''Bradstrects'' says:
'.scasonabe summer weather has further In
proved the general crop situation, enlarged retail
trade, and favored larger volume OF recorder
trade with iohbcrs and manufacturers than seemed
toa,ihI4 a few weeks ago Six months results in
wholesale ana tohbing lines show the effect OF
recently improved conditions. but also reflect the
large gains In trade noted the first quarter of
the year. Taken who'e, leading wnolesa le
lines VIII show SIX months business 20 10 per
cent a least in advance of 1876. Very much the
same report is made by leading industries which
generally surpassed records made In the first
half Of year ago on the other hand. collections
while improving I'm some tons have tended T.
drag in others, suggesting excessive stocks OF
spring goods hold Ey retailers. 1t is also to be
noted that high prices Of material and labor are
reflected reports Of less activity I'm building at
a number OF cities with some casing in nrices Of
lumber and other materials in the pig iron trade
there is further slight easing IN prices OF third
quarter iron and furnaces are reoorted catching up
with orders their books. Speculative sentiment
this week has been improved by better crop and
trade adVices and manipuative efforts 10 force
short covering. Higher call money rates reflect
slightly enlarged market operations as compared
with the preceding weeks exceptional dulness, and
also the preparations for the nI-annuaI dsbursa-
ments Foreign gold takings seem to have come
TO an end for the present in view of the reaction
In exchange rates Weekly clearings are still
recedng and are smaller than last week and last
the metropolis there will be a gain shown for the
SIN months. IL has been profitable half year for
the banks. many of whom said TO have made
their years dividends ~Ntea WonthssN