New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-09-17

volume of fail jobbing and retail trade
Western reports are still the most opti-
nistic. and liberal marketing OF cereal crops
mas made for more Dientlful money supplies
and an apparently easier position Of West
err banks. The cotton crop movement is
expanding. with beneficial effects upon trade
and collections ut many markets. ConssT-
vatism still governs. however. demand is
largely for staple lines and actual require
ments still dominate. Enlarged supplies OF
farm products, due to past heavy move
menC. have had an easing effect upon
prices anu the leading cereals. livestock
meats cotton and dairy products are ali
have largely favored late maturing crops
and absence OF frost damage has helped
to recent rains. is still green ana needs
q longer than usual time TO thoroughly
mature About half the crop is. however,
from leading industries are of rather less
than normal expansion IN activity. Iron
and steel are reported no more active. and
unemployed, Curtaiiment is still IN evi-
cence IN the leading textile industries.
Dun's Review says:
Some increase in business. incident to
the opening of the fall activities is noted
at many Of the leading trade centres, but
country Is still retarded by the impair
mant OF confidence as the result of the
political uncertainties. AS q rule buyers
are disposed TO limit purchases TO inlnedi-
ate requirements The current needs Of
the American people are large. accustomed
as they ara to a liberal scale of diving. and
these immediate requirements in the aggre-
gate make an immense total The record
OF bank cteari1ga. however. compared with
last year. now shows q decrease outside
as well in New York. the percentage
or loss being So outside OF New York and
go IN New York. On the other hand, rail
road earnings in the first week OF Septerra-
Der increased per cent. There IS a large
movement of grain and cotton TO distribut-
ing markets at declining prices. but the
banks have thus far been able to finance
this movement without strain. The action
or the London bankers in refusing the
American plan of validating cotton bills of
Iading. however, creates q situation that
might easily become critical If some COM
promise is not soon arranged. II is notable
th2G the London rate of discount remains
unchanged. The recent Improvement in
the iron and steel trade does not appear n
have haa1 nnein+aira1 orS ~ ,e.l,eT -, -
dltlons are best disclosed by the state
ment that the United States Steel Corpo-
ration Is now operating only about two
thirds OF its blast furnaces and that there
Is a large reduction in unified orders. The
9rYgooGs markets, although moving with
fair activity in certain districts, particu-
larry IN the West continue as a whole TO
De characterized by conservatism on the
part or both buyers and sellers While
there mas been considerable resumption
OF operations by New England cotton mills
the output IS limited to the current needs
OF the trade WoolIens and worsteds are
dull and shoes are being traded in very
slowly, though stocks are apparently low
Retail business has been stimulated By
the return of people from their summer
and the beginning OF fall buy
ing. The best feature Of the situation is
the continued Improvement in the corn
crop conditions Agricultural exports In
August were very heavy, being not only in
excess OF July, but much larger than in
august OF last year, the gain being mainly
III cotton. Foreign commerce of New York
IN the latest week amounted to S2f .0g0 ~
against 81, So, $50 last year Imports ex-
ceeded exports by s.. o. as compared
with an excess Of Sc. f4s, 9l3 last year.