The citizen. [volume] (Berea, Ky.) 1899-1958, 1911-08-10
TRADE CONDITIONS
General 6etterment Shown During
Past wtek-some Expansion In
Manufacturing.

New YORK;. q. Dun & Co.'S week.
ly review Of trade said
Moderate betterment in trade con
ditions appears this week. The ex-
traordinary government cotton report,
showing, with one exception. the high
est July condition estimate for the last
10 years, caused some hesitation
among buyers OF dry goods. although
the tone in this line was a trife bet.
ter both at wholesale and retail. Con-
sumers of iron and steel constantly
place moderate orders for early deliv-
cry. Mill operations reflect further ex-
pansion and there is promise OF in
creased activity in the fall
Rail Orders Satisfactory.
The railroads show more disposition
to provide for needed equipment. Or
ders for rails have reached quite a
satisfactory tonnage at the west, and
plate interests have received a con-
siderable volume OF business from the
transportating companies. In the lat
ter division prices are unsettled. IT.
regularity also appears in steel bars,
wire products and galvanized sheets.
Improvement in Dry Goods.
Moderate improvement appears in
dry goods both at wholesale and re-
tail. Curtailment by the mills be-
comes still more drastic with the APP
preaching consumption. Exporters
are Withholding orders, but shipments
10 date are materially ahead of year
ago.
Leather Trade Unsettled.
New business in footwear continues
conservative, changing style still be-
irg a paramount factor in restricting
trade. Eastern manufacturers are re-
cciving some fair-sized mail orders,
and some factories are fairly busy
with the current demand. Leather
trade is unsettled by the decline in
hides, and this has caused some buy
ers to withdraw their bids.
Bank exchanges this week at all
leading cities in the United States ag-
gregate $2,617, 800, 225, a decrease of
3.5 per cent as compared with the
same week last year. and 80 per cent
compared with 1909. This is a much
less favorable statement than was
made a week ago, when gains OF 81
and ga per cent respectively were re-
ported. Decreased returns at New
York City. where losses of as and 1873
per cent occurred, account mainly for
the smaller total. AT cities outside
the leading center there is a loss COM
pared with last year of 1.9 per cent.
but a gain compared with 1909 of 1.5
per cent.
Bradstreet's letter said:
There is still considerable irregular
ity in trade conditions, due to eau
ticusness and fears OF crop damage,
but basic conditions and the advance
of the year tend to work for little
further improvement. While mer-
chants continue to feel their way, SEN
timent as to fall trade is improving
slightly, and at some of the larger CEN
tiers jobbers and wholesale dealers
have done a rather better business
with outside merchants, who are be-
ginning to come to market.
Business Failures and Export Trade.
Business failures in the United
States for the week ending August
were 20S. against 23S last week, 166
In the like week of 1910, 1S4 in 1909,
2O5 in 1905 and 157 in 1907.
Wheat - including -four - exports
from the United States and Canada
for the week ending August 3. aggre-
gate 1891, 1903 bush. against 2,514.204
bush last week and 1,275,730 bush this
week last year. For the five weeks
ending August 3 exports are 10,660,375
bush, against 6,S23. 74S bush in the cor
responding period last year.
Corn exports for the week are S22,-
Isl bush, against 350,O9S bush last
week and 4l9,154 bush in 1910. For
the five weeks ending August corn
exports are 3.0s1.s0S bush. against
1,7l7.625 bush last year.