New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-08-19
CONDITION OF TRADE.

strong undertone IS in evidence IN lead
ing mercantile lines. and while trade con-
tnues very conservative. there is no lack
of confidence concerning the future and
the actual volume Of business is up 10 re-
cent averages. More activity is noted in
purchases of drygoods by retailers. but in
wholesale lines the tendency is to restrict
buying as far as possible. readjustment ot
conditions in cotton and cotton cloths still
holding that market in check. Curtail-
ment Of production by the large New Eng
land mills viii be especially marked dur
ing the next two weeks. In New England
manufacturers of woollens have additional
orders for finished goods and are operat-
ing more freely in the raw material mar
ket. the weeks business being the largest
in long time Shoe factories are we'll
employed, but new orders are not large in
volume Leather is in restricted request,
but prices are very firm. In the steel
trade orders are somewhat reduced in vol
ume, but the mills continue 10 maintain a
good rate Of activity. and Notwithstanding
the present production. current supplies
of new materials are kept within actual
consumptive requirements. More reassur-
Ing advlces from the Northwest and ex-
ceptionally favorable crop reports from
Canada caused renewed liquidation in
wheat prices declining rather sharuly
Conditions are apparently more settled in
the East and South than in the West. the
demand at many Southern centres helping
most wholesale lines, and the growing cer-.
talnty that tho cotton Yield of 1911 in the
United States will exceed II 600 600 hales
overshadows all other speculative tnflu-
enceS in that market Bank clearings this
week reflect some further IMPROVEMENT
total exchanges being 1876 per cent larger
than a year ago. hat 1875 per cent less
man In 1909. Railroad gross earnings for
the first week of August, Of roads report-
ING are - per cent larger than year
ago. Foreign commerce is again reduced
the movement in and out of New Vort,
the last week being $29,625.497 as COM
pared with $35,0SS.S16 a year ago and
S2ob9S,0S9 in 1909; compared with last
year poth exports and imports are small.
Ell, me reduction in the former being So
s4S.l76 and In the latter $2,6I6l4S
"Bradstreet's'' says:
The improvement which is generally cons
coded to have occurred In the later nlant.
ed western crops, and particularly corn.
since the hrSt OF the month the advance
or the season Of fail jobbing activitv and
the consequent presence in the leading
markets OF fall buyers are all reflected IN
turther slight improvement In the vnI-
uhe OF wholesale trade this week, The
gains MADE are moderate however ara
the tendency to operate cautiomslv en-
lnS clearer Views OF crop outtrirn and 81
possible tarif revision, Is as marl-ad - =
heretofore. In the case OF the uooi ,a,te,
revision. the disapproval by the Exa,,,t,, -.
oI tne measure has apparently brougbt
OUT more confident buying OF goods ana
values. Most activity in distrih,,st,.nns a.
Is shown In drygoods and kinTraSo Tau, n,aus
groceries and fall supplies eenar mngr
Trade AT best, however, Is only sat.. or
demand waits upon real or exnactaa' en-, az,
SUMPTION 10 an extent not often witnessea
az tnis season Not oil lines OF frS1s : re
AsSu~' AZ sno"mY expanstou,