New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-08-06
CONDITION OF TRADE.
Bun's Review says;

Dun s ReVi6W says.
Business conditions are irregular and, at
falling short in volume and profits of that
state of buoyancy that existed at the be-
superficial aspect of the leading markets
makes it appear. Reports from the prlncl-
pal trade centres are of especial interest
because in the main they are optimistic.
One declares that belief in fair activity in
the fall IS more general. Another reports
considerable improvement, notably among
jobberS in Woollens and cottons. Another
reDertS quite an active wholesale move
ment in riFygoods- \ leading city in the
Northwest reports Increased confidence:
larger buying and some reinstatement OF
cancelled orders. y neighboring market re-
ports sales equal to a year ago. While 1t
is evident that the country is carrying on
a large business, the latest bank clearings
showing gain of 3.5 per cent over 1893
and of 237 per cent over 1906 outside or
dicates that trade is sun In "a state or
transition and reimbursement. The rather
untaVorabie record OF July failures indicates
this far more than the bank eiearlnsS ana
the railroad earnings, which speak so uni
forniy of increased volume of traffic. The
July gross railroad earnings show gain of
the government cotton report, which re-
yealed q low condition Other crop adVlceS
are more favorable. and 1t would appear
that as Against moderate yields OF cotton
and wheat there IS TO be a large crcp of
corn, in spite of some possible deterioration
in the Southwest WITH the report on cotton t,.n
has been a further hardening Of prices In
cotton goods, and in general the stability
condition of activity. Pig iron production
Continues TO diminish, but the demand for
steel products and particularly for wire,
pine and structural materials, is large. The
railroads however, rarely place many or
ders as lonG as the crops are IN doubt, and
ere not doing SO now. Money c9naitlol rs
yerv oIIiet Foreign commerce at New
York IN the latest week was larger than in
the two preceding years, imports were VIC
4153l1 being S2.6ll,36s in excess of the eX-
po,fs The latter. however. showed rela-
lively larger gains than the imports.
Rradstreet's says:
Crop and trade reports reflect moderate
i,n0royement Much needed rains have
raIieved The southern portion of the corn
belt of fear of widespread crop damage,
and Western and Eastern crop and past
1roTed. while at the South the cotton crop
in the eastern half of the belt has been
helped by dry weather. The government
cotton report has proved slightly better
than expected although the Texas situa-
ton is still unrelieved. Next weeks gov
eminent grain crop report IS hoped To show
good germ ana G's b ea nes in snring
wheat Trade reports are still Of quiet in
fall demand, though the advance or the
season and the force Of crops toward har-
vest have aided IN charging jobbing de-
mand at some important Western centres;
Chicago and st. Louis report the hrst OF
the fall 1ODnlnS eNCuTslOllS ilelpllS ~ GA
nand trade at those cities, while the rather
better results of spring wheat harvest are
evoking more optimistic reports from
Northwestern centres. Buying is stlii con,
seryative however Retail trade is stu
confined largely to clearance sales otrlm-
mer goods at concessions. AT the East
there is slightly more doing in some lines
FOR fall Cotton goods feel the effects OF
mill eurtailment in increased steadinesa
az prices and raw wool Of fleece grades 10
stiil active, despite the rather sharp adj
yarres noted last week. Collections as
vet show little Improvement and are slow
as n whole. Money AZ easy on call but
arm for time loans. and banks are con-
aarYtng supplies. despite increased ar
rivals of gold from abroad.