New-York tribune., 1910-09-24
CONDITION OF TRAD
Bredstreet's 5 says.

Trade and Industrial reports are sLiu IT.
regular, and general cLaracterIZaLIOn IS
duncUII- FAIR activity IN some Lines and
at some centres IS indicated, out repreS-
sion and conservatism are widely IL evI-
dence and reflected in small but frequent
rather than large or confident buying.
Among favorable features may De cited
the advance Of the fall season, more def
mite assurances as TO yields OF the later
planted crops, corn and cotton, fail IeSCl-
walls. and the RESUMPTION Of work BY West
eFn and Southwestern coal miners. who
have been wholly or partially IDLE Tor
months past. On the other side OF the
question there is Witnessed the continuance
OF agitation OF pOl1tlcO-ecOnOmiC questions
high levels OF prices OF commodities. and
especially OF raw materials of manufact-
Ure: short time In industry. small profits
reported in many lines. and in some sec
lions the continuance OF very warm wealth
er, which, while beneficial TO crop develop
menJ- acts as bar 70 fullest activity II
retail lines. One really favorable underly-
ing feature. perhaps not thoroughly ap-
pTeciated at present, is the apparent aD-
Sence of large stocks OF goods IN primary
or secondary hands. born apparently or Un-
certainty as 70 future prices and the growth
OF the belief that far-dtstant buying IS not
either advisable or necessary. This with
the on the whole. favorable crop outlook
viii make easier the resumption o. fun
activity. II other disturbing causes are re-
moved.
Dun's Review says;
With crops aggregating large in quantity
and value. in spite OF the reduced yield OF
spring wheat. with politics becoming so in
tense and uncertain as 10 make enterprise
tirnid and with the railroads and shippers
engaged in a dispute over rates the busi-
ness outlook IS mixed. trade reaction be-
ing very plain in some important directions
while at the same time there are streaks or
progress and activity II IS as a whole a
waiting situation. with little to eurpIrr.tess.
speculative enterprise until condition now
doubtful or unsettled. become more r1aa-ly
defined An interesting and, in its posi- Ie
outcome. important development Is rne bet
ter demand for bonds This Is often an 4c-
also frequently the result Of increased
economies and therefore the f0rerunuer OF
better times. Trade adviCeS are OF "a mixed
character. A number of the leading cities
and good seasOnabie weather has been es-
pecially beneficial 10 retail business In
drygOOds conditions are relatively much
better than In most or the other lines In
iron and steel although there IS consider
able activity IN the wire division the trade
pacity and has suffered during the last
week by talk OF price recession. but this
has met with official denials. The dead
lock over the bil OF lading controversy
of England with high percentage OF re
serve maintains It's per cent rate OF dis
count The feeling IN banking and cotton
circles Is that the controversy VIII finally
be arranged. Railroad earnings during the
FIRST two weeks OF September gained 20 per
cent Bank clearings during the current
week increased IS per cent over ls8 ana
2O.s per cent over 1895. outside OF New YORK
hut tn New York the marked ma ucial de-
preston shows in decreases df - and lt.l
per cent. respectively Exports from New
York In the last week exceeded imports by
s322 Tl2 although IN iss3 the imports were
s5I0T 235 in excess The total commerce.
! was Sz.sI.ssS. against szs.l6o.i1s last year.