New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-04-16
CONDITION OF TRADE.

Crop conditions are becoming more and
more, as tho season advances a vital fac
Tor n the 6Cslness situation AID IL is
IaoteU oTthE t+sst tAe nearer enc gets to the
s2slua4 producing centres and the further
IRON the speculative markets rhe more
CfleeTfal Are the reports. Even tne poor
winter wheat outlook is improved by rains.
while, as regards sPrl-as wheat there is A
Larger acreage end excellent iaitis4 coRdi-
lions, which viii in part Compensate for the
possibly reduced winter wheat production
Il the main crops are good, the year should
Ne prosperous cTe. in spite of political
and mOnestary complications. The grow
ing Oppression IN pug iron Casettles the
iron and steel market to some extent. and
there ara signs Of moderate eurtailmeat Of
p-'eaU ctien. though the general situation
= stu of notable activity. The movement
wool is very quiet. with concessions made
70 effect sales The shoe trade continues
10 improve. Railroad earnings show gains
Of o. per cent. Bank clesrings continue to
reflect the large distribution OF goods
throughout the country, showing gains of
i0.2 per cent over 1903 and 2S-s per cent over
that city not beng so significant because
Of the speculative inactivity. The foreign
commerce reports SIN reveal a heavy ex-
cess IL Imports over exports, the figures
fcr New York in the latest week being He,-
2Ss.425 imports. against slS.fo2.sSs exports :;
the latter, however. are ia excess OF the
+Se birr - Increase ne n imports that makes
the record appear so Unfsvorae bic.
Bradstreers sayE:
CROP, trade and industrial reports are
rather more cheerful this week This does
not AMY so much to actual tnme1lats
conditions as It does to great baste factors
vet il may De said that the Improvement Is
one Of tone or sentiment rather than OF
actual expansion in Demand or distribution.
IIfrIe annaYent expansior TO be chronicled
and on basis Of business done the turn
ever is PROBABLY little different from q week
ago, with repression Or even dlSaPpo4nt-
rT-ent visible ia q number OF lines. On the
side oS favorable happenings may be placed
the unquestionably good tenor OF reports
received from the farming districts, except
from 4 few states where WINTER WneaI
damage has been considerable. The exoep-
ticnaily favorable season for farming
operations as a Whole naturally gives rise
to a feeling of optimism, most marked IN
t>iti~s catering 10 TIRE Agricultural interests.
There IS also less evidence OF strain IN
rot least the sagging. OF prices Of 2 NUMBER
OF AGRICULTURAL products from the nlsn
Levels OF a few months ago Is regarded as
aTneli0ratiag the position OF business gen
eralIy and likely In time TO benefit our IN
o1,eer-onabIv poor export trade. Spring
heather has Helped city retain trade. but
the activity OK the farmers IN crop preg@rst
ton and planting has dulled country rstaA
trade Spring tobbing trade has been
completed ana hlling-in orders are now the
sole source OF activity. Fan buying seems
tendencies.
The report Of the Deutsche Bank fer the
year ended December 81. 1853, showing total
net proits Of s.. 409, 77o an increase OF S5ll.-
213 gives the following interesting staCs-
tics regarding the commercial ana hnanci4l
growth of the German Empire
The imports OF merchandise. amounting
ia round figures. according TO preliminary
reports TO 81 So, 900 900, and showing an IN
crease 81 more than sl1a cG0,g 90. demonstrate
the sound purchasing power Of growing
rop,liatior. on the other hand, il is graft
fying 10 state that tho exports nave m
creased By about g.Ove.0Ot-viz., 70 81, &c.
go 0CN That the balance OF trade remained
in Csrrranv's favor Is shown by the slight
circumference of the gold imports.
The crops have been extraordinarily good
A. usual the sensitive barometer OF the
Boer=e first indicated the change. 4 great
impulse was given TO the revival OF trade
b. tke clearly dIsceTnible betterment OF
economic conditions in the United 'ateS.
The German stock market readily alb
eorbed some s75GeJ0g0e OF new securities.
OF this amount in round sums. one-third
was invested IN loans OF the empire and
Of the German states. cne-thiTd In loans
at German cities and mortgage bonds and
she balance IA other domestic ana foreign
securities Of all kinds.
'Tba hi.t0yv 81 DreJ ious ages has taught
that. owing 20 its geographical location,
Germany IS In need % strong HrthalheIi NJ
tanned by an annual expenditure or S2S2-
00nO0O In 1907. the strengf heued economic
body IS capable Of sustaining without eN-
ceksive EFFORT this unfortunately indispen-
ssi,ie burden. which amounts 20 nearly
- 10 per capita Of the POPULATION. while
France pays more than = IS and Enrland
more than ~ s. per capi'a. In suite II me
smaller English population. the total an
uual expenditures OF Great Britain for
these purposes last year exceeded sven tho
total expenditures a. Germany by from
81 OoQ 900 20 81. 0s0.
During forty wears OF peace Germany
10 mutation has Increased bv more than ONE
H-fs -F.rr F-slF Of
souls annually. The fact that GerTnn0
EMIGRATION. which ar ore tir1e was cousid-
@~aAle has ~ IstA faiien ~ ~ one-'e1th
- i's fo~u7er Nun Perform 30 tN0 IN wv ~
bout - 0O0-and has therefor. Dract' caliv
ceased. again demonstrates that Gerrra7 ~
- not dependent upon conquests 10 support
itu norviafiH0
For the third tive the Anatoli7 NRaii-
wav Connany suffered from failure -
cr0nS T. the territory Il has oneued and
WIN proha hiv feclara dividend Of Cnlv
rer cent. These failures ~ Grows ore ev-
clusivelv the result - thA destruction -
forests. which NAV he ob~arvNd IN ai~7"~f
al the ola countries around the NeH'te~-
ranean aud witch N r~neeedi1g 10 RE 1res-
@rt dPv in Turlrsv. II - cniv hv artirciPl
fFFfCa ton that fhfs evil car BE ObTi-