The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1911-09-22
. STATE OF TRADE
FIRST OF MONTH

Dun's Review in its leading article
of September 2, says i'm part:
A better tone is noted in general
trade, not alone at New York City,
but at most iobbing centers of the
West and South. Cotton goods are in
better demand, revision of prices hav-
ing apparently stimulated business.
In steel, decreased orders from the
railroads are largely Offset by the
heavier business in structural shapes;
low stocks make consumers more
eager to cover fall and winter require
ments at Pittsburg, and several fur
naees are going into blast because of
the broader inquiry for pig iron.
Large orders are taken for steel bars
at Chicago at terms which show some
concessions from previous quotations.
In footwear there is greater activity,
but the buying is still notably conser-
vative, the disposition being to cover
consumptive requirements only. Do
nestle hides hold firm. The cotton
market is more susceptible to unsatis-
factory crop advices, the government
estimate on Friday showing a deterior-
alton of about 16 per cent in the con-
dition of the plant, which is above the
average Stock market trading in
August exceeded that of any other
month this year, but the heavy Hqui-
dation caused a net decline of fuzzy
81 in average railway prices. Bank
clearings this week show gains of "a
per cent, and l per cent, respectively,
over last year, both at New York City
and cities outside the metropolis;
compared with the corresponding
week of 1909 New York reports loss
of 3OS per cent and other leading cit
les 81 per cent. Railroad earnings for
three weeks in August are 6 per cent
larger than in the same period of 1910.
Merchandise exports from New York
for the latest week amounted to S14,-
359,O44, against $15,593,O94 last year
= and $11,202,726 in 1893; imports were
$16,O26,116, compared with $16,17S,165
in 1910 and $15,O79,97S in 1909.
A better volume of business is noted
in primary and secondary dry goods
markets, cotton goods buying having
been stimulated little by the revis-
ion of staple prints. There is more
trading in dress goods, and better
house trade is noted in the past week
than in any week of the fall season.
There is a better call for stock goods,
and little inclination to expect conces-
sions in anything seasonable either of
fancy worsted or wool goods.
Exceedingly low temperatures in the
Canadian Northwest gave temporary
support to wheat, but harvesting is
largely completed and only late sown
grain is threatened by frost. West.
ern receipts still fall much behind last
years, 5,237,532 bushels this week
comparing with 7,403,291, while ex,
ports from all ports of the United
States, flour included, were 1,550,61G
bushels against 2,76O,O65 in 1910
Weather developments have been fay
orable to corn, yet prices were sus
tanned by an active cash demand. Ar
rivals of 4,52S,1 100 bushels this week
were below the 4,721,616 reported a
year ago; Atlantic coast shipments
were only 40,107 bushels, against A,
744 in 1910. Heavy rains in the belt
had a depressing effect on cotton, not
withstanding several adverse crop es
Inmates. The government report OF
-, Friday made a bullish showing, plac
ing the condition of the plant as o.
August 25 at 1872 per cent, as com
pared with S91 a month earlier ant
72.1 per cent last year.
Liabilities of commercial failures
reported to date for August amount t.
S1O,658,416, of which $5,452,224 were il
manufacturing, $4,S94,S27 in trading
and S311,3 1865 in other commercial
lines. Failures this week numbered
1876 in the United States against 49,
last year, and 81 in Canada compared
with % a year ago.