New-York tribune., 1908-03-02

n, ALI dealer, have gradually diminished ih's
condition is reflected in the large attendance =,
retailers in tobbing and wholesale marho'''
the volume of business is not coihihe"
with the number of buyers. Ii Is the ho'o"
exceptfon when orders are equai to ia'' =
canton being still the dominant sentiment mo
business in spring and summer goods at
sale is accompanied by a fair volume vi
,-aas IN winter lines the approaching end OF
the season producing the usuai enor' " 'p =,
sbe,ves at cost rather than carry STOCK uh''i
IN ,,orcorty1e collections Irregular
- .ha ..paraI trade situation is also much
he4+er at the Southwest and Northwest thah ei9S-
,,bere Foreign trade statistics continue 10 s'o"
that imports of Injuries are falilng iaf D'"
those of a year ago. while exports MAINTAIN ',io
record breaking volume that IS cUs'oi'''''
periods of quiet domestic trace 49,
I.o+,on declined to the lowest price or 'iie
season on aggressive work by the snort "o''
and lower prices for some varieties OF goous a'r
much smaller exports than in the same "e
,as. ,.,- Foreign markets were also weak
Egvnt and the Continent offering ireeig a'
1iverpool. and the New England mills an
ao5 +to, tho % nor cent curtailrnent of out
put would continue indefinitely. Although tiie
,,,o,t,tv that came into sight was considerably
,.ss than a wear ago. the tendency to hold the
crop back is too well known to give statis'icS vi
receipts much Significance Even arter the ue
cline of So bale from the best price III jan
uary spot middling uplands Is stiii quo'So iis"
than at the corresponding date In any year sihoo
1890 with the single exception or iSo+' Wheh d
sensational speculative movement was teihpo-
rar,ly successful. A moderate RAINY from 'iio
lowest noint appeared when March notices were
stopped more promptly than was expecIeo' Du'
tho long account Houidated whenever a market
time
sustained quotations Strength developed IN the
wheat market of a substantial character because
Il was based upon an increase in the milling de-
mand and offerings of spot grain were limited
Smaller receipts at primary markets also con-
tributed to the advance. but that factor is less
significant, as bad roads caused much OF the
delay and the movement will probably De niade
up later. Argentine exports still large. but
less than in recent record breaking weeks
Industrial conditions are not materially altered.
although several plants will resume this month
and the volume OF new contracts mas increased
slightly. Progress Is most satisfactory in some
departments of the steel industry. notably tin
plate, pipe and wire products. while fair ton
n; se Of rails is taken Structural shapes await
open weather and the pig iron market is very
dull There Is much discussion regarding the
ultimate necessity for lower steel prices in pro-
portion TO the decline that has occurred in pig
iron but it is proper to remember that steel
products did not advance extensively as the
raw material during the preceding movement
Footwear shops and textile mills have not
changed their plans. except that New England
spinners will not resume full time promptly
as was at first stated. Lower prices for some
varieties of cottons tended 10 unsettle the tone.
although most manufacturers reject offers at
any concessions, claiming that there is no profit
in the proposed business.