New-York tribune., 1910-10-08
CONDITION OF TRADE.
Dun,s Review saws:

The industrial and mercantile outlook is
better than statistics OF actual transactions
prone to outrun current trade and there
are certain evidences OF a more encOurag-
ing view OF the business position Just ar
the time when the records show thaI the
trade recession which has been in progress
since the first quarter Of the year is pro
nOuuced. The law by which the course OF
business runs in circle would appear 10
be in operation. The tone OF the financial
markets is stronger, in spite OF the recent
advance in foreign discount rates The
iron and steel trade seems brighter, in spite
Of the unsatisfactory demand for pig iron.
There is, however, a large consumption or
wire and better demand for structural
products, and this is a good sign The
drygoods trade improves. although Curtail-
ment OF cotton production is still practised,
and the readtuStment made necessary by
the high price OF raw cotton continues. the
government report during the week 1udfCaJ-
ing d moderate and late crop. Woollen and
WOrSted goods are IN better demand Inc
copper trade seems to be in an encouraging
position. the demand indicating an i'm
menSe world consumption Trade reports
from leading cities while rejecting the
prevailing trregulartty and unevennesS n
mercantile distribution which is so largely
OF the hand-tO-mOuth character and while
revealing IN spots some OF the effects OF
the rather unreasonable weather neverthe-
less reflect. almost without exception. an
Improvement in sentiment as regards the
future. The September reports of bank
CIeariuEs and commercial failures on the
other hand bear on their face the plain
During the last week bank CIearings de-
Cltned ~ per cent outside New York and
23.T per cent in New York, compared
with last year Railroad earnings for Sep
tember show a gain OF 32 per cent For
eign commerce at New York during the
last week was 80 So. IA. against Sl9 sos .95S
in 1909 and S25. .902. 749 I'm 1905. The excess OF
imports was s.. .904. .406 against IS 602SOS1 in
1909 and 2S22,60l in 1905.
Bradstreet's SAYS.
Improvement in tone. rather than en-
larEemenI in general demand. is the not
able feature this week AS a whole. while
demand is fairly good. buying continues
tpate distant requirements, and trade
lacks snap. Weather conditions have not
been entirely favorable. Heavy rains and
foods have affected trade in a large part
East temperatures have been unseasOn-
ably high Some few sections note beue-
fJs 10 trade in footwear from the first
mentioned development, and fan festivals
tres In addition. past free marketing OF
crops and good crop results have helped
sentiment. but political discussion and price
uncertainties have represSed demand In
one line. however. that or cotton manu-
featuring. past Currailment. absence of
prices Tor raw material. caused by Of
nCidI reports or crop deterioration In sep
tember. have made buyers more eager for
some lines OF fabrics. Higher grade fab
Ttcs note chief strength Retail trade gen
orally awaits the stimulus Of colder wealth
er. which is. however. quickly following
the widespread rain Of the past week Col
lectiOnS whole are fair to good. and
OF croDs. particularly grain and cotton
There is. however. reported this week an
Increased disDositiOn 20 hold back again
for better prices