New-York tribune., 1910-08-13
CONDITION OF TRADE.
"Dun's Review" says:

The situation is undoubtedly better tiIa1
most Of the records for the month OF July
now appearing Indicate For ore thing,
weather conditions have improved 50 tha.
the crop prospects are brighter than tha
outlook at the beginning OF the m0ntA. {
The official report. while showing prob
of recent wears was nevertheless. bettss
than anticipated. the deterioration n
spring wheat being less than sensrah g
estimated. Very large crops OF corn an 4
oats are indicated, which go far tOwax
coUnteTbaiancing any probable reduct 7
in other crops This showing IS res
sible for some Improvement in bus
confidence. although. Of course, purcn. I'll
in nearly all important branches or tr@,
are conducted on conservative oasl%
opera tions for immediate needs being Hora
important than for future TequireTnents-
The volume Of transactions IS still iaTss.
IN spite Of the admitted contraction IN IRON
and steel and other lines. Outside OF New
York bank cIearings show decrease ot
1.6 per cent compared with year age.
but are 9: per cent larger tnan an IN 1905, n
New York there is falling OF or % and
f41 per cent respectively Railroad
earnings are maintained on A hign level
that is surprising under all the conditions
and Increased 20 per cent during July
on the other hand building operations in
leading cities in July decreased 25-3 per
exports in July we're only $50. .065. .09t ths
lowest for the month since 1904 Although
contraction in iron and steel continues.
the trade conditions are generally regard-
ed hopefully and the monthly statement.
of unified orders by the leading produces
shows a decrease during July less than
was expected. and there fs no important.
change in prices. The comparative actiV-
ity in wire and pipe products is main
talned. In drygoods, curtailment OF out
put and frmeT values are the features,
this being due TO the high cost of produce
tion and the conservative purchases. al
though buyers are numerous in the mar
kets. More interest and business are re-
ported IN the shoe trade. The financial
markets are very quiet. but financial con-
0itiODs are SOunder and must steadily tTu-
prove with every step of progress N ths
process OF business readjustrnent and
with every days advance 10 achieved bar
vests Foreign commerce in New Y0r.
during July showed an increase. as corr
pared with last year, OF s5,09I,0o0 in ex-
ports and $4,000 in imports, which ss-
600 over the exports during tns latest
week the imports were 81 1l.S5O.I9l, being
s3.9s1.98o in excess OF exports Both ira-
ports and exports were in excess OF tha
last two years
Bradstreet's says:
Almost universally favorable weather re.
ports, consequently more generally opt.
mistc report as 10 late planted crops than
in any recently preceding week. and mod
crate expansion in the volume OF fall trade
have apparently gained ground and tbs
advance of the fall season has benefited
wholesale and jobbing trade, but as TO the
latter conservatism still rules. and thera
visible in some lines where apparently pre-
vtcus anticipations had been keyed TOO
highly Increased arrivals Of fall buyers
and . ureasIIrab bIe increase in house trade
resulting therefrom are features reported
AZ leading Western and Eastern markets.
Heaviest buying Is. however Dy conyerleEs
and manufacturers and jobbing sales ara
mainly of small quantities, for which buy
erS see ready sale. Retail trade shows Teia-
lively less expansion. awaiting, apparently,
a freer movement OF crops TO marker,
though retail business has been greatly
stimulated at Chicago by largely artena-
ed convention of a leading fraterndi ordef
at that city Winter wheat has moved
freely, the farmers being reported 20 havs
netted % cents TO 81 a bushel- Dut ths
movement shows signs OF slowing dow
where prices have reCeded- Reports Of
serious French crop damage were stlr1u'
Ius 70 prices late in the week hoHeVs.
COLLECTIONS are still oniv about fair Mones
has been easy for call loans, but tins
money displays all it's previous firnlnes
and banks are still closely conserving sup
TJi