New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-07-01
CONDITION OF TRADE.
Bradntreets says:

BrddstreetS says.
A quiet week in trade and Industry ends
a six months period which has proved
rather disappointing 10 the business COM
munity. Business as a whole Is OF mid
summer character. weather ana temper
atures aiding retail trade In volume about
equal TO a year ago, whiie yoDDinS and
wholesale trade IL cOnsci vauVeiy quiet,
awaiting clearer views OF crop Outturn and
OF tariff changes. As for the former. u
may be said that early b0unteOus promise
for cereal crops has not been maintained.
but that. excepting oats. hay and carry
vegetable crops. the outlook Is sun for
good though not record breaking Yields.
Cotton promise is very hlSh, ana good :
report by the government II looked for on,
Monday. The tariff situation IL SIN With
out definite form. Commodity price move
ments are irregular. Les5ening OF earlier
crop promise Is reflected IN the ihsher
prices ruling for all cereals. oats and corn
leading in proportion or gains and touch
ing new high levels this week, but the
recent advance In wheat has been shaded
slightly. In this grain an early new crop
movement, present liberal supplies and
prospective large though not record yield,
are about balanced by unce~' ainties cred
Of the workings Of the July wheat zeal az
Chicago. Old crop cotton f. lower, aud
this has tended 10 again duh the goods
market, which stlll witnesses heavy crr-
tailment.
Dun's Review says.
situation at tho opening of the second
LaIf of the year l. the marked improve
ment in the iron and steel trade, In Wnrh
there is a decided increase In confluence
rutnut In view Of the important rea-
tions which this great trade pears 10 an
the business interests OF the country porn
industriaI and agricultural. this lmproys-
ment is significant of a distinct "nanes
for the better all around. The conc Ton
of the country certainly can De deecilnen
as sound when It's steel trade ~ Prsln-
ming to expand, when me T~po II, I'm, IN.
OF the United States. when the DIG sola
output continues, when money = pleA'.is,,
when Industrial production Is pelns req
70 the limits Of the consulnptlFe pemahp,,
when stocks OF merchandise are low On
the shelves when economy, personal avn
corporate. has been long prsctlseo' asa
when many Of the issues whlch nave Derh
nernIexing business men and retaIqlug en-
terprise are past The second hall or ths
YEAR opens therefore with peter OUT
look for gradually expanding traue sT
tivty, provided the crops turn out W.,
There has undoubtedly been more OF irss
deterioration in wheat and other arg
crops by reason OF deficient moisture plt
damage is always liable 70 be eAasSeI dtel,
and the crop situation mas oeen st 'tItyt
benefited by recent heavy and much needed
rains outside the Improvement noted IN
iron and steel, however. the movement IN
trade continues very slow, with cur ahr
mAut OF DrOQuCtlON sun NllS hi"'tA
a. drvpodds Bank clearings outside Of
New York this week show falling Of y
IL per cent from 1910 and a gain OF 81
per cent over 1909. In New YORK oe,reases
* az and lis per cent, respectively, IRE
reported. Railroad earnings durine thTss
weeks of June decreased 80 per cent IN
terest and dividend disbursements OF over
s932 0o 0o0 a large gain over a year ago.
arc due in July. a fact OF large interest
10 the reviving investment rnarhet. as part
of these disbursements seek re.nyestmeni'
The financial outlook is generally cneer
full. The shoe trade Is unse S,so c Oh,
leather is quite active, though nldes cor
tinue high The grocery trade IS reported
In fair condition. Commercial tahures
during the first half OF the year were more
numerous than in the first hall ot lsN'
but show u considerable decrease n ag-
gregate liabilities especially In the Middle
States Foreign commerce at New ! OK OK
in the latest week aggregated -aS.9..f,v
AGAINST 81. SCI. 704 IN 1910 and go sZS,sZl IN
1909 The imports were so'osb.5e5, oens
Sc 257, 136 In excess of the exports