New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-06-19
undergrad caste magnihcently d'S, %o,aI
as. unlikely ever to faint German UNIV
la,
ll0NEY- ANn RUSINESN.

continues TO grow in the beilei
oo,ntrv.s trode &c entering periou VI
evanston. Purchases In most lines "'
stu cordro,od ON conservative basis
but buying for future needs - 49,.
evidence than 1t was recently
fact that stocks on merchan's
nre light suggests the development ~
better inouirv Tor goods at no remote
period to meet actual necessities ro'
the first time in many weeks ''e 49,,
recovery I'm iron and steel are h"''u'
crop outlook continues 10 PROMISE '
harvests. decided Improvement III se""-
ment is reported in the drygoouS MAJ
ket money is in abundant supply anu
payments through clearing houses STU"
gradual enlargement Of hnahc'"i anu
mercantile operations. Commonly ~
as rule are lower and quotations LOT
stocks arc at about the best hgures OF
the year. Home and foreign investors
are absorbing first class American Sc
curIties representing new issues by ran
roads that are raising funds TOT phSsi-
cal hetterments on existing hhes o"u
for construction of extensions White '"e
demand for old issues is steadily reouc-
ing the available supply.
Credit conditions are sound. Inc DAMS
are In an unusually strong POSITION ana
If additional reserves were needed IL
would not be difficult matter 10 I'M
port gold from Europe. owing to our
&, IL 40 taIa a
for the fiscal year is likely To reach
total of more than S52jWO,No, as in
the last eleven months an excess or
merchandise exports over imports 10 the
value of 500. 1896 is shown. The re-
Spouse to the Panama Canal bond offer
has exceeded the expectations Of the
Treasury Department. and the fact that
bids represent high figures for a 3 per
cent issue is n most encouraging indi-
cation Of the strength Of American
and although preparations for the July
disbursements and the financing Of the
government loan may he reflected in
slightly firmer market, stiff quotations
are not looked for in the summer
months. while there appears to be little
possibility of really high rates in the
autumn. owing to the general increase
that has taken place in the amount of
money in circulation in the last year
and the strength of this country in the
international money market. Foreign
banks. like our own. are strong In ash
and reserve resources.
In the textile markets buyers continue
to take only moderate quantities of
goods. but the general feeling I'm the
trade is one of encouragement In the
cotton goods division the strong Stats
tical position Of stocks in first hands and
the widespread curtailment in production
induce cheerfulness as to the future and
strengthen the belief that a large for
lation on the Cotton Exchange is fairly
active. with prices covering last weeks
operations somewhat lower on selling by
influential interests that believe that in
spite of possible deterioration i'm the
plant since the last government report.
large crop will be gathered this year.
The condition on June 1 was high. and,
furthermore. the acreage reported was
the largest In the history of the country.
Liquidation In the July option has been
heavy In recent weeks. Wheat is lower
as consequence Of speculative opera
tons Worlds stocks of the cereal are
much heavier than were reported a year
ago. large winter wheat harvest is as
sured, and conditions i'm the spring wheat
territory are favorable for an abundant
yield Corn is making excellent prog
ress. In the leather market more bust
ness would he transacted If the tanners
would make reductions from the high
prices asked. Fall orders for footwear
are moderately active.
Actual expansion in trade is reported
In iron and steel. the effect Of recent
cuts I'm quotations being plainly discern
lille in an increase in the number Of or
ders and large specifications against con-
tracts The railroads are beginning to
buy more freely. The inquiry for steel
bars, general structural materials and
sheets is improving, Wille the buying or
rails by the transportation companies is
large enough to suggest pronounced
gain in the movement in the near future.
The Iron Trade Review says that a
note OF optimism has come from the
West, where improved crop prospects
and greater willingness on the part of
the railroads to buy have caused "A more
cheerful feeling. while in other parts Of
the country including the Pittsburg dis
trict there Is less dependency In the
copper metal market prices are higher
as consequence Of increased sales and
better speculative sentiment. The tin
market is unsettled. owing to the manip-
ulation of prices in London, where a
corner in the product has practically ex-
listed for several weeks. which appears
To have been broken within the last few
days.
The American people take warm per-