New-York tribune., 1910-11-05
CONDITION OF TRADE.
Dun-s Review says

Whatever change there is is chiefly in
the point OF view. II is the characteristic
feature of the situation that whereas a few
weeks ago business sentiment put special
emphasis on the uncertainties of the out
look and the possible dangers involved. now
the emphasis IS mostly on the hopeful as
poets. Yet so far as actual developments
are concerned there is very little change,
and the volume Of actual transactions con-
tinUes below productive capacity. Bank
cleaTings in October showed an increase of
only Ia per cent over the corresponding
month last year outside of New York, while
the decrease Of Pa per cent in New York
made the loss for the whole of the United
States l3.l per cent During this week the
clearings recorded a decrease of 16.1 per
cent October failures also reflected the
late retrogressiOn Of business the total of
liabilities being the largest for the month
since 1896 with the exception of 1907. But
these statistics may reflect past rather than
indicate future conditions. Reports from
the leading trade centres are encouraging
In nature. and though the pending elections
and the rate controversy and the unsettled
money situation, particularly abroad. still in
huence the markets, they apparently cause
less disturbance and anxiety than before
and more cheerful view is generally taken
OF the outlook. while the labor troubles and
the unreasonable weather do not serve to
check the growing feeling of optimism
This optimism is conspicuouSly reflected in
the iron and steel trade and in the copper
market. There IS undoubtedly an increased
world consumption OF copper. The dry
goods market likewise displays the effects
Of a better outlook and the retail trade is
more active. Improvement continues TO be
noted in the shoe trade. An advance in
consols and q stronger Bank Of England re-
turn helD the situation The foreign COM
merce position is distinctly better and an
other excellent months showing is indi-
Gated. During the latest week the exports
from New York We're $l5639,614, being 3d.
3l2927 in excess Of the imports. Last year
in the corresponding week the exports were
sl6 G39. .3jg, an excess of s7s .674 over the i'm
ports. while in 1908 the imports We're s., S0S,-
ts6 greater than the exports
Bradstreet's says:
Colder, nbre seasonable weather. stimu-
lating TO retail and iobbing recorder trade:
current distribution at many cities about
equal TO last year at this date: fairly good
showings by the usual monthly exhibits OF
failures and clearings for October; a con-
IinUance Of the declining tendency hitherto
noted in farm produce, especially cereals
firmer money rates, with reports of an
increas sed tendency on the part of West
ern farmers TO hold crops, and the pushing
Of the killing frost line further TO The
of cotton In a wide area, are among the
leading features Of the week.
Current reports as 10 collections are that
they are about fair There Is an increased
mention made Of INQUIRIES for and prepara-
1ion of holiday goods for shipment, and at
q few markets there some signs of
the development OF spring business. The
leading industries send very much the
same reports as heretofore. Pig iron is
STEADY at low prices. The canning season
IS over. and many tinplate mills have been
shut down because Of The unwillinGness Of
manufacturers 10 accumulate stock at pres
ent prices for pig tin. The early building
trade exhibits are not greatly different frcm
last year. bit the advance Of the season
tends tn quiet in this line and 10 smaller
demand for lumber, other materials and
builders hardware. The cotton industry IS
steady. With pressure TO sell a present
erices.