New-York tribune., 1909-07-17
CONDITION OF TRADE.
Dun's Review says:

Each succeeding week has now become a record
Of advancing activity in industry and commerce.
The extraordinary expansion in the iron and steel
trade continues, and whereas short time ago the
problem how 10 find business. the prob
lem is becoming that OF meeting orders with ade-
rapidly catching Up with productive capacity and
while this development IS most conspicuous in iron
and steel il Is also. in greater less degree
IN most ether branches. the most notatle eXCep-
tOn being copper. Which Is still under the indu-
ence Of long continued oversupply. The general
business situation IS improved by the progress
made in the work % tariff revision. which has
reached its final stage-Jhat Of the conference com
rnittee IN view the widening area Of indus
trial activity. the better employment labor and
the higher prices for commodities. the fact that
the supply Of banking credits in the leading fnan-
cial centres continues large. with rates for loans
generally low. is significant of the reserve pow er
for further expansion. Another favorable develop
ent is the excellent outlook tor the crops through
out she country. except in the narrow circle Of
drcuth the Atlantic Coast. The Improvement
is hy no uniform. hut, a whole, tIe out
Look Is better than in three years Bank clcarings
In New York show increases Of 297 per cent over
1aos ard oyer 1906 and outside New York Of Ig
and IS respectively. Railroad earnings are 63 per
cent better than in 1905. and only o6 per cent
under 1907. Foreign commerce Al the port Of New
york during the latest week aggregated S36s5 AS
which Is S306Z5s5 better thsn in l@s>, hut SsS5s514
under 1907 Imports were heavy. but exports loss
than in the two preceding 1ears- Rates OF eX-
change. however. begin 10 indicate that the time
OF large outward movement II surplus crops is
near at hand. Tho money value Of our aericult-
ural products this year promises 80 be The largest
on record
fsradstrect's says:
Despite Irregularities rs crop and weather coud-
tfons mfdsuuHmeT Influences in trade and industry
and conservatism in placing orders ahead, business
s. OF fairly good volume the season Of the
and shows a Verceptlbly steady advance toward
normal proportions ENcesseS 4 ram on me one
hand ana II some instance total absence thereof
on the other. render the crCp situation difficult 70
reneral.ze. aside from saving that far l.IdS are
Indicated as whole. Tie Western rains have
ceased the winter wheat crop movement, DELAYED
80 81 racress market. l. beginning T. iCcTe%Se
and tIe blockade on the Western raliroad~ du' TO
1.e,Ss Las been broken The winter wheat crop
- mona f,z been injured both regards quantity
and g,lality. and corn on tie l"WlandS has d"ir--
orsfeS o. been destroyed cotton has gained IN
orfiitl lo. except where ln Texas, aToItA threat
80 or In .sarf- u Georgia where rains are "N-
rsesfte md Surday Il not permitted z" allow
~ a .4rc the crops IL retail trade clearance ~dles
are universal! but there a-e numerous TtofIs my
1ered bv this means Of Inducing 6dyliE - nIl"it1l@
-rs6~ -or immediate delivery and )obDlIE DislHes9
tn snr5rncr goods Is Of light volume Fan uaqe
.aoTfs are still relatively the best OF any oTalcA