New-York tribune., 1910-07-23
CONDITION OF TRADE.
Dun'S Review says:

Midsummer dulneSS is less pronouncsd III
both Wholesale and retail departments ot
trade, and as the Leading markets are grad
ually relieved of some Of the dif1cutes
with which they have been beset-crop IN
certainties, price inconsistencies and oths,
disturbing elementS-a broader demand ds-
velcps- There is still much idle cotton uz-
cl.inery in New England, and a two Taskg
shutdown is scheduled for August, but Cur
tailnlent is forcing a recovery from the Ioz
price levels and there Is less pressure %
liquidate stocks Some substantial business
is reported in wOollenS, and while the East
cru markets for wool continue quiet. pr
mary markets in the West are active and
higher. Footwear factories, East and
West, are reSuming. and trade is much in
proved in leather, while hides have recoy'
ered from the low point, large accuuuz-
tionS having been moved Further revisio1s
in some branches Of iron ana steel ind1cs
some trade. Production is well MAINTAINED
at a high level and labor is well employees
throughout the industry More deanis
knowledge regarding the yield Of cotton u
the South and wheat in the West will de-
terTnine the basis OF manufacturing costs
in drygoodS on the one hand and -four On
the other. Flour production in the NORTH
west continues greatly reduced Canceis-
tiOnS in spring wheat territory are less ng-
mel GUS and some orders are being rein
stated, as stocks are generally very iog,
The threatened strike on a leading trunk
line was fortunately averted- With a few
exceptions, Industrial lines are busy am
of the country, making for a large pu-
chasing power Railroad earnings cOntnEs
larger, for the two weeks OF July exceet-
ing year ago by g per cent. and ba1z
week show increases Of 81 per cent over
1903 and IFS per cent over 1896, while L
New York. where financial markets a-s
quiet. there is a decrease of 13-7 and an n
crease of ~ per cent. respectively 4 Dc.
velopment toward betterrnent for the fsI
is the improved position OF the UNITED
States in the international money marzst
through the recent decline IN sterling ez
change and the inauguration OF a uarrs
inflow OF gold, which will be helped W
larger exports and decreased imports Fot
the latest week at New York City roreis1
commerce aggregated So. o54.17S, asains'
ports were s., 167. .452 in excess Of exports
Bradstreet's says:
Trade and industry are still marains
time, awaiting the passing OF the Vacaroa
season and the progress OF the leadlas
crops nearer to maturity A fair number :.
buyers are in the leading markets. but men
operations are governed by cOnServarS1
pending clearer views of crop cutturn ~
ports as to the fall trade outlook are OF
unistic in the Southwest and Central NeS-
and the outlook in the Northwest IS 1s-rt,
cheerful. Clearance sales stimulate la.
distribution of summer goods. though q
suits are still hardly UP 10 expectauons
The new winter wheat crop has not ss'
ence is visible in the wheat market IN 81
parently retarding the advance IN prcss.
of that cereal. based on poor crop rsPo.s
from Europe, especially Russia and Frsnos
and adviceS of close TO minimum esciraLs
of spring wheat outcome in the Anleficss
and Canadian Northwest. Trade at lE
South is quiet. awaiting a clearer vl.
there of the results of excessive nloist...s
I'm the eastern belt. Collections rans,
about fair. Reports from national osns
poin. to A check having been offered
loan expansion after year OF ms'A7-
growth in this respect