New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-07-02
CONDITION OF TRADE.
Dun's Review says

Conflicting crop news and severe dechnes
In security prices have dominated the slt.
uatfon during the past week. Inc recoIu
of the half year just ended Is summer up
in the word ''readtustment''-fn the prices
of commodities and of securiues-ahd IN
the last week OF the half year the process
in the latter has made rapid progress.
The stock market was approaching almost
a state of decentralization on IhurSGaJ
when the decline in prices was che cheIi-
The more confident feeling noted "eeh
ago was chilled by reports OF injury 10
spring wheat by drouth in the North%est-
That some damage has been lnnlGted %
the crop in this way seems to be DeyoAd
dispute but in compensation Tor tnlS loss
the increased acreage must De TAKEN ILItO
account. The winter wheat harvest, MOI
over, is turning out better IMAM "a9 -
pected Latest reports indicate quite sa
factory conditions as to cotton IN tle II Oh
and steel trade increased demand mas DeTH
created at the expense of values CGrtdil-
ment of production is the feature IN the
textile trade and midsummer conGILIoLl3 3
prevail Extreme dulness is eXpeIlelCoNu
i'm the jewelry business. Leather IS "edA
and the shoe trade is very slow. DeclsloLlS
In the intermOuntain rite cases Dy tl9
Interstate Commerce COMMISSION $500
the decline in security prices RalIroao
earnings In the, three weeks OF June III
creased 12.1 per cent. Bank clearlngs OUT ,I.
side of New York continue 10 c0ntI d,IICI
the depressing reports in various hheS anu
sections the increase this week over laSt
wear being 90 per cent Inc course .. ioI
eign exchange points in favor OK TINS ,y7erne
try In New York the foreign commerce
movement in the latest week. however
showed d large increase in mercnanqlSe M
nnrts. which amounted to $le,3i2,ZS'' rnuch
in excess of the corresponding WeehS N IL
zoos and 1909 and S. 1850 in excess OF the
exports. While the half year ends WIZ a
disappointing falling off In the ou sL 81,
buoyancv which marked the opening 0i tIc
wear vet IT is believed that the reauJuSSiI-
mert Of prices which has taken place a1uS
to the security of the situation now ana IoA
the future
Bradstreet's says:
Trade and crop reports are stun lrTeSu-
lar hut weather conditions favor nndI ul9
+ributiOn and except in few sect1ons' a.
for instance the Northwest and parts o. LILe
South the crops have MADE sdtlSldCtiUgly
rrogress in the direction OF large Jiet r
TTnenuaI distribution of moisture-lt oelhS
too dry in the spring wheat Delt anu too
wet in the central Gulf stateS-ls the or
back to the otherwise good crop ouuOCH-
The snrfng wheat situation faded conSIu-
arshIy in June but, taken as "uoIe,
U-inter wheat corn, cotton. oats ana s oiIe
lesser crops improved. Hot summer "edthe
has stimulated retail distribution OF sea
sGnahIe goods though demand Is SUN re-
Dorted below earlier antictpations- Joo-
hing trade for fall is irregular, pelng quLsC
80 whole but improving in the SCUM
1.oe+ while being checked In the NOT IN
D.es+ some cancellations or ran oruet9 an
reported in the spring wheat STATES, CI ,,a
in some cases these are repoIteu iiO i'O
numerous than normal