New-York tribune., 1910-11-28
let us avoid in language controversy
anything like a race conflict
uONEv IND BUSINESS.


throughout the country Is large re
Election OF which is found III panN
ings and the gross earnings Oh lle - on
portation companies. IN NE"
Boston. whore transactions IN stochS
show a material falling or from 'iie
records Of last year, clearings are ui,
der the totals IF this time in 1909. Whiie
in Philadelnb,a- baltimore. Chicago 81
Louis, New Orleans and the s1iaiiei
cities marked Improvement IS i'pol 49,
New Orleans, for instance pleeo
gain for the last six days OF more '''-i
10 per cent. Gross receipts OF the ~ III
cipal railroads of the country aie
panding, comparison Of returns WIN
year ago being especially favorable do
at that time the general volume u
traffic was heavy. Although as
merchants and business men III
are not making extensive lol"aiu
mitments, particularly IN the iioA
steel industry and in the textile 'raues'
sentiment in business circles
misttc, and confidence in the 'i0oi'
gradual and healthfuI enlargement III
the consumptive demand Is common nc
tail trade In holiday lines is oeVeiopi''s
activity. Reports from the retah
tres in New York and other Clues Sap
ply evidence of substantial pus .e
power throughout the country anu s'o
tistics showing the employment VI i"
indicate that the larger nunpef VI "0
men are occupied at satisfactory ""e
Trading In stocks Is inactive. opeo"
| ,ation represented by small daily saie'
on the Stock Exchange compares WIZ
million share days at this time LaS'
while investment operations hhe"iso
uph. although underwriting syholCo'0'
ara having little trouble IN ols'iioNe
the few new securities issues no" oo
,n, ,non the market. In spite VI 'ho
ah.enca or a speculative demand prices
ora wel, maintained, the present aso
aes for the leading railroad ana iiiu0'
trial shares being less than poiii'' go
aar +ba highest level Of the year. Will
Indications however, in the chafa''oi
of trading Of q disposition on the pai VI
~. ,ergar interests to encourage q sohie-
u,he, lower range in order to attract Ill
outside demand. Quiet speculation III
.+oots and the beginning OF the usuo'
December return movement OF l'iohe'
from the interior are responsloie ioi
easier tendency in interest anu
,+ -a+as at this centre, both collatei1 1l
leans and commercial paper quota''o.'0
o,os,re the last week well under Tue
levels reported a week ago Aocai o'
ro,er IN fairer terms to the a"ei''
and the willingness of the banks u '"Ae
tho hest six months bills as 10" do
,o,+ d,scourages the idea of money
n,arte+ disturbance at any time LOT the
lros+ or the wear Reports from iesoi 'o
.,.,.s In resnonse to the recent can VI
controller of the Currency are not
,e,,ora bIe az was hoped for. but no
ssr,ors impairment Of condition Is Blu L.
E,I,ctuations in tho international money
market favor higher sterling rates heio
hut the fact that European investors CIV
showing a disposition to buy our
our,ttes. while our export trace Is sio"
s,,gsasts an absence Of stffr quota
49,. ono ENCOURAGES the idea OF goiu
basis
the new year.
Darand for cotton goods at Quotatlohs
,,nde, those offered by sellers Is actlVe'
bu+ the mills show no disposition TO ao-
80. business on terms that Involve
loco Actual transactions represent III
10 re. mart hand to mouth buying Jop-
h.rs. stocks arc low, and from the MILL
,,en,s no,nt of view failure to replenlsh
a,7nuIies at current figures VIII not result
In forcing concessions on 1or"aro puol-
ness unless there should be marheo
cbanee in conditions affecting the COST OF
production In some quarters or the COZ
ton goods market 1t is said that IL s'apie
lines cannot be put out at better nguros
many mills will close in January. Wooi-
lon goods are in better demand. Specu-
1at,on in cotton futures has been active
,n recent days on a rising level Of prices,
distant options advancing last week 10
the highest of the season on operations
based upon the lowering OF crop estl-
mates following the ginners' report OF
November IA. showing a smaller num-
ber Of bales ginned than was generally
expected. Spot prices in the South are
firm Reports of heavy damage to the
wheat crop in Argentina and the fact
that the market has been oversold ac-
count for higher quotations for the
cereal In spite Of q worlds visible sup
pIv that shows an increase Of 65.OOO.UOO
bushels, as compared with this time last
wear. No important change is noted
either In cash corn or in the market for
future delivery, although lower prices
are looked for.
Production Of pig iron shows slight
falling off from that Of recent weeks,
but In spite Of the lighter output stocks
on hand are increasing. While orders
for rails and rolling stock are heavier, 1t
is not expected that the railroads will
make I'D their final estimates for 1910
delivery until they can figure on the
probable outcome Of the rate contro-
versy. No important change is looked
for in the general market for iron and
finished steel products until the new
year, when increased activity In all
lines should develop. The statistical
position Of the copper market is stronger,
and producers are holding prices at the
recent advance, with every reason for
the belief in better quotations for the
months to come Commodity prices in
general have changed little in the last
six days. q decline IN quotations on