New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-07-29
CONDITION OF TRADE.
Bradstreet's says:

Sentiment as TO the future seems 10 be
Undergoing change for the better, even
though number Of reports continue to
tell OF quiet business and caution as to
distant buying. Cooler weather. good gen.
eral rains In the Western corn belt and
the very excellent condition of cotton have
apparently made for the development of
somewhat better feeling, which, although
not yet reflected to any great extent In
current business. gives promise OF improv-
ing things as the fall season approaches.
While midsummer quiet still prevails In
many lines, the vacation period is passing,
and already some travelling statesmen are
back on the road. They have met with fair
success and, moreover fewer cancellations
are noted from sections where the crop
outlook earlier appeared to be gloomy,
while some reinstatements of orders previ
ously held W. are noted. Withal. there is
enough irregularity to divest the favorable
reports Of absolute uniformity. For one
thing, retail trade, though improved trihe
by cooler weather, is not stimulated very
much by clearance sales. Current wholesale
and jobbing lines are quiet, while the
weakness of raw cotton for future delivery
tends TO unsettle the textile trade buying
as well as manufacturing; and prospective
tarin legislation IS also disturbing factor.
Buyers seem inclined TO purchase in small
lots. But as it is. the South, certain parts
OF the Southwest, most of the Northwest,
sections Of the East and Central West,
and d goodly portion of the Far West. tend
to view future prospects in more favor
able light.
Dun's Review says:
a variety of conflicting developments
affect trade conditions, among them the
passage of the Canadian reciprocity bill,
unsettlement over the outcome Of the nego-
tiations touching adjustment OF affairs in
Morocco and the decision by the Interstate
Commerce Commission in the Spokane rate
and similar cases These influences, how
ever, are mainly OF importance in their
relations TO the future OF more Immediate
Of
ton crop toward maturity holds first place.
Weather conditions prevailing throughout
the crop area caused periods Of heavy sell
ing or wheat, corn and cotton, the selling
OF the latter being rather sensational and
for the time unsettng the textile industry,
since buyers continue oyercautious about
making new commitments. The tone was
one OF hesitation and affected various
branches OF the drygoOdS trade. Further
betterment was reported In the steel In
dustry, and new orders are fairly numer-
Gus. In footwear, trade still hesltates be-
cause Of uncertainty regarding styles, but
Eastern factories are better employed than
for some time, and there is a steady de-
mand for leather, and the markets are
firm Bank clearings show marked i'm
provement, exchanges this week being CT
per cent above the figure for the CORE
spending week Of 1910. Railroad earnings
for the first half Of July are slightly more
than 1 per cent larger than a year ago.
The railroads are re-entering the steel
market by degrees. several new orders for
rails and equipment being reported. There
is heavy pressure OF new wheat on tha
market, and quotations tend downward
Indications point 10 an approaching turn
I'm the currency movement against New
York. and the demand for money i'm
Omaha, owing to industrial activity and
crop moving preparations there. called for
a considerable shipment Of gold 10 Mon
treal from New York Foreign commerce
at New York for the latest week amounted
10 Sl,09l 3i7, as compared with s29. i25 in
the corresponding week last year Both
imports and exports show a gain, and i'm
ports this year are S,ii9.145 y excess OF
exports. 'Alsn