New-York tribune., 1910-08-20
CONDITION OF TRADE
Dun's Review says:

While trade contraction confFnus.
ness sentiment improves ana the bas..0A
dirions underlying the Situation 81
stronger. Tho volume OF transact,ag.p-a
large because the work OF supyiyingl I
Oatly needs OF ninety millions of =
must be kept up, Whatever NAV -
trend OF the markets, but the arno,..A 4
trade is below capacity for the rssso- .s
the demand in the more important nFa,.s
is for immediate consumption, and -
a lack OF buying Ior the future tsa
cIearingS show a loss both for the esss1
New York and outside, the decrease -
side being 90 per cent az Compared
last rear, while in New York, owing So
to speculative contraction. the dsefi.s}
343 As compared with 1875 ths -
outside OF New York makes a gain - =,
ger cent. Railroad gross earnfrgS =
large but for the first week of 80
the gain is only 3.5 per cent. Further -
traction appears In the iron and ,,s
trade, with, however, a general fAss,
that the low point In activity has -
touched, which seems 70 be confrmss
the comparative steadiness in prices ~.
TIE same report comes from the drvz.I
markets, Wnere production IS beIoyT =
normal and trade Of conservative dr.
si0ns but confidence improved am 49,
was a gratifying attendance OF btIysr,
the principal cities Hides are less 49,
and most shoe factories are opeFaf;7r
short time. The Improvement in bursts.
confidence, In the face OF the eTidene-.s
reduced activity is largely due rrde-S
edly, 70 the better weather condtsa,
which make the outlook for the ha-sr
distinctly brighter. Financial condirE-
are also better The banks are well =
plted with reserves TO meet the falI (
mdndS for money TO move the crops !.
market for securities. while irreguiar :
for some days been gaining In strerre
Foreign commerce Is large, both inus-,
and exports being heavy In Ne9 Yo-.
in the latest week the total Commas
was s., ,038, ,Si6. against s-6.1ss, ,15S lsst va.
the imports being l8.4s3.1si. OF sga
I'm excess of exports. which. however. n
greater than in the preceding two yssz
Bradstreet's says:
Crop reports and fall joobing trade ~.
further Improvement This Is most nlasS
in the West, where general rams have =
proved corn and where house trade a
expanded as the result OF the srriva /
country BUYERS Better than expset.5 \
suits from spring wheat have made fvl
more optimistic feeling also IN the NsEsl
west Southern trade has been slOE4.
expand and there is stiH q dispOsitior
go slowly in that section pending 4 el4rd
view of the cotton crop, which has, Eaa
ever. also been benefited b. seneraliT -
vailing weather conditions Large E2r-
centres report buyers numerous and "a
expanding but COnSery dtiSn still -
buying the country over. Best reports
to activity come from Chicago 81 Ls
and Kansas City, the first named rspor-,
the most active week OF the seascz ri
sales by jobbers 10 per cent in exsx
last year Reports as 10 retail trade ars \
continued rather quiet conditions and II.
clearance sales not bringing out TIE rz1
earlier anticipated.
Other developments OF the week ss
been largely favorable. The steadisss 4
the securities markets. following recoys.1
from the low points of July. and eyidEui
of an improved condition by the cotz1t
banks, with some slight easing OF ma,El
have gone far TO help the optimistic fes-d
engendered by the more favorable tre,tj
crop reports The New York banks I'd
very large reserves for this season. n
rency shipments to the country from Ws|
ern centres have increased, and theEs
noted a slight easing in financial lines "
some country banks IOaning more freslJ
better demand for bonds Is noted IN M
cial circles.