New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-07-09
CONDITION OF TRADE.
Eradstreet s says:

| Wholesale trade and industry are quiet
as whole, the result partly or miGsuTn-
nle1 ana holiday influences, and also be
cause OF the desire of buyers to await
more definite information as to crop out
come. Retail trade, on the other hand, has
/ been rather more active being stimulated
/ by favorable weather, but despite this and
clearance sales the volume of final dfstri-
button is not up to expectations. Industry
has felt the influence of lessened derna nd
and midyear shutdowns for repairs, and
less than normal time is being worked in
iron and steel, cottons, woollens, jew
elTy, and in some sections coal mining and
-four milling Low water in the North
western streams is responsible Tor less do
ing IN the output OF lumber The crop
situation still lacks definite form. Winter
wheat has turned out better than expected
q month ago, but. the other hand,
spring wheat has deteriorated greatly.
Corn and oats have improved. but reports
as TO cotton are irregular, owing to the
Uneven distribution of moisture. Hay
looks like a short crop in many states Of
the Northwest Other crops have made
fair progress. The price movement shows
considerable present strength, following
cereals ana cotton are higher on the week
Collections feel the influence OF quiet trade
IN reports OF only fair payments. Money
shows good demand, with expectations OF
in full volume, but expectations as 70 q
pinch in rates tempered by small i'm.
port of gold and reports that western land
speculation has been checked
Dun's Review says:
The industrial. trade and financial out
look presents many contrasts OF light ana
shade Judging from railroad earnings,
which increased 122 per cent during June
and from bank clearings which in the hrst
week Of July gained liz per cent over last
year, q large business is being transacted.
Moreover from several of the important
trade centres very satisfactory reports as
TO general business are received. But, on
the other hand. there is an entire lack OF
buoyancy in several of the important In
dustries. Curtailment of production or, a
large scale IS going on in the textile trades
and the demand both for cottons and wool
lens IS very limited. Leather is duh and
weak though there Is a sign of promise IN
lie placing OF some large orders for shoeE.
C,uttinz down Of production is still going
on Ia pig iron, and conditions generally in
iron and steel are seasonably quiet, al
though the chairman OF the principal pro
6ucing company is exceedingly optimistic
in MS views The financial markets have
been further depressed; and this has UNI
I,rfs.yors bly, both at home ana abroad. An
r,Y1favorable New York bank statement and
reported curtatln1ent OF pank loans IN the
West have further complicated the situa-
zion on the other hand, the foreign e1-
change market has changed In favor Of
This country, and On Ihursaay large en-
56Inced an exceedingly hopeful develop
-1,er1t particularly as u beIokens more
normal foreign commerce ST cro a. Iae
T6ese have given much concern during the
last few days, because OF the eontlnua1Ge
Of drought IN the North~esa, ara eSisTISl1.y
sota and North Dakota. But some relief
Tas come in the shape Of refreshing rains
IN various localities. ana the extent OF me
actual damage. there is q reason TO believe,
vii be found 70 be exaggerated Foreign
cornrnerce ar New York in the latest week
sggregats9 So 4; s sssTIf ,rnoofts we're re-
81 522, s52. being sz.Ei.1to IN excess OK 'He
eZportA