New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-10-15
CONDITION OF TRADE.
IN S Review saws


The harvesting Of the greatest cotton and
oats crop on record and yield of wheat
larger than was indicated earlier in the sea-
son are Developments OF farreaching inn
poTtance 10 trade and industry. and make
some OF the things which by impairing
financial confidence have diminished the
volume OF business seem small in com
paTlSon- Again, IL is true that the crops
save the situation by producing conditions
on which Il ls possible that commercial
activity and enterprise may be based, in
spite OF many complications which disturb
the markets. The better feeling noted last
week is confirmed by this weeks reports,
and although important elections are i'm
pending, the railroad rate controversy is
still unsettled and the trade recession tc z
point considerably below normal continues,
there are signs OF largely increased cheer
fulness and some increased activity. This
"a disclosed much less in the iron and
steel trade than in drysoods; the for
ner moves slowly with d reduced produc-
ton. but In drygoods there is a perceptible
EXPANSION in demand in all branches, which
exercises healthy influence on both whole
sale and retail trade, especially in districts
closest 10 the crop producing states In all
branches OF business demand is still re-
stricted mostly TO immediate needs, but
stocks are low, and the situation is there
fore q strong one in case business conf
dence continues to expand and the factors
which operate TO produce reaction weaken.
Trade statistics still largely reflect the
prevailing recession. Bank clearings out
side New York declined 60 per cent and in
New York q per cent. September railroad
earnings, in spite of the sub-normal activ-
sly, increased 20 per cent Much interest
now attaches 10 the foreign commerce and
20 the course OF the foreign exchange mar
set and the possibility of gold imports.
During the last week exports from New
York were ;l6.oe6.29s, OF s, 11s,05S in excess
Of imports, against S1.6S9.544 in 1919. which
we're &,lSl,S1s less than imports. and S12,553.-
81 in 1895, which were Sl,5S7,SSo less than
imports.
Bradstreets SAYS.
Trade is irregular and still lacks snap,
but The better undertone noted last Week
has become more widely disseminated
This despite holidays, which have TENDED
70 limit the aggregate volume OF business
done Causes for the improved feeling
have been the Official confirmation by the
government crop reporting service Of the
trade estimates Of bumper yields OF corn
and oats and larger than expected yields
Of wheat; the liberal marketing OF crops,
more especially cereals. live stock and cot
ION. the advent OF cooler. settled weather
IL some sections and the rather better tone
Of the securities markets Improvement
5 whole is not marked ana the con-
serTat1sm earlier noted IS still manifest
IN small and frequent rather than large
0uNlnE. In some lines. as. for instance
cotton goods. the proof that stocks or
more evident ana with higher prices for
Tie raw material have come hardening
'uo1stiors for the goods themselves. Wool
- nffn.r Than OF late ano there has been
liberal Duytny AZ the interior by large man
rifact1rers but advices Of mild weather af-
-frtlIE past and present final distribution
IRE s;il numerous and tirsse reports from
markets p here At this date heavy wear
ing apparel Is usually IN dema nj. The
feature ia the price situation this week
is The sharp advance 20 the highest levels
recorded n rhis date in many years OF
= cotton. much Of which Is said to be
Gu@ 70 free buElnS DX splnners Of future
o. actual cotton. The contemplated settle
rucut # tire cotton bills 81 lading dispute
g credited with sfimulst ting effect upon
fHe marked ~ = whole. Certainly the week
lss witnessed the offerings OF large guam
iifieS % cotton bills against shipments,
IL - Ena.fg
eating 2 beneficial change in export trade
nonEiticrs-