The San Francisco call., 1910-11-12

NEW YORK. Nov 11-R. G. Dun & Co. IS
weekly review of trade tomorrow will say:
In its bearing upon the future buying power
of the country the most important development
Of the week is the official confirmation of the
considerably over 1900 600 600 bushels The
government report of cotton ginned is also help
fui' indicating crop well in excess OF last
The business outlook. however is doubtful.
and under conservative control with the volume
of transactions considerably below full canacify
The financial situation continues TO maintain an
ascendancy over the commercial and while there
is no substantial recession of the more hopeful
sentiment recently established, financial condi-
tlons are not clearly defined
The passing of the congressional and state
elections removes one important uncertainty but
enough time has not elapsed in which to form a
complete judgment to the ultimate effect upou
trade interests Physical conditions which make
that could be desired What is holding back the
full measure of business activity and profit
that is desired are perplexities of mans own
making which spring out of the conflicting in
terests of competing classes
1t IS the hope Of rapidly getting rid OF
most of these anxieties that is at the basis
OF the recently developed optimism. There is
however 10 vital change in actual conditions
iron and steel trade is waiting for the rail
roa1s 10 make their rail and other purchases.
while the railroads have been waiting for the
rate question 10 be settled and the election
and nnancial uncertainties to be removed
The dry goods market is in a waiting condi-
ton with the bulk of transactions for inme-
diate requirements Increasing consumntion of
copper Is one Of the hopeful features of the sit
nation and the greater magnitude Of export trade
is another
Shoe conditions are most stable bsIf tbA
volume of trade continues moderate Sole leather
holds firm in price with a steady demand hut
upper feathers, particularly grains and splits
are dull ever"
Bradstreets tomorrow will say:
Irade reports as whole are more uniformly
favorable than for some time Distribution ar
retail has quite generally improved largely
because of colder weather and the realization of
bumper corn and oat crops, though some narts
of the southwest and the south report that omen
weather has deferred Improvement However
the much better business in retail lines has
resulted in larger volume of jobbing reorders
particularly for seasonable dry goods boots and
shoes and womens wearing apparel Quiet CON
tinues in the textile trades. and while the un-
dercurrent is conservatvely cheerful there is
no anucipatfonkof future business in large vol
ume- Holiday goods being shipped in large
volume and travelling. men are sending in better
orders for spring goods.
The large crops are taken TO augur lower
prices for foodstuffs. but this is not looked for
immediately and products notably eggs
and butter. are very high. At the same time
coilectlons have improved. but payments are not
yet all that they should be.
Industrial operations show little better.
ment, some textile mills have resumed but
affairs In the iron and steel trade have not as
sumed such shape as 10 allow a clear prediction
regarding the future. While some rail orders are
expected this month the railways as whole do
not give much promise of ordering heavily soon
"A significant feature is that transactions
In wool for export profitable This week
English buyers purchased large quantities in the
Boston market Eastern shoe manufacturers
are running twothirds to three fourths capacity"