The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-26
BETTER TRADE
IS REPORTED
Trend of Business During the
Week of Constructive
Nature.
VOLUME OF DEMAND
SLIGHTLY INCREASED
Sale of Railway Securities
Proves Improvement in the
Great West.
BY RALPH EMERSON.
Leased Wire to The Tribune.

by Leased wire to The Tribune
NEW YORK, Feb. 25.-The entire
trend OF business during the week has
oeen OF constructive nature. business
is not active, neither is IL slack, taking
az industries into consideration. The
EoIume OF demand shows a little increase
from week to week. Bank cIearings in
dicate this. They more immediately re-
nect conditions than do railroad earn
lngs, which are never an index of week
to-week trade volumes or largest i'm
portance is the fact that the crops ara
all getting good start and IL they can
ger wen through the treacherous month
good aggregate OF value for 1911
me general trade conditions OF the
country show Improvement. Naturally,
the year, due in great measure To re
tall merchants taking spring stock and
the agricultural merchants purchasing
the seasons supplies.
Climatic Conditions Favorable.
With the exception of the south and
vailed, climatic conditions were favor
able TO increased consumption of mer-
chandise during the week. and there has
been an enlarged distribution in various
branches, although conservatism has pre-
vailed In regard TO purchases, merchants
pursuing the policy Of frequent buying
In moderate amount rather than the old
way OF stocking up for the season at one
time. This keeps supplies in the hands
or distributors within reasonable linn
its and shows that business is being con-
Quoted upon safe basis. The disparity
between the prices Of cotton goods an|
the cost OF the raw material which manu-
facturers have on hand would have re-
suited in continuance of curtailmept
of production noticed for some time past
but this has prevented any accumulation
OF stocks
The financial authorities in Chicago
estimate that the banks Of the vast
a ,,ft l,,.
decreased loans % per cent, representing
the liquidation OF land mortgages. The
planters OF the south have thus far re-
celved about s1o5. 900, 900 more for the
cotton crop over the previous one.
and they, too have been paving off
Further improvement was re-
ported this week in soil conditions
which justifes previous assertions that
tho acreage planted this spring will he
a record one.
Industries Show Improvement.
The Industrial conditions show i'm
1t is believed that the un-
filled tonnage of the United States Steel
as OF December 81. 1910,
marked the elimination Of the shrink
age and that the bookings Will continue
on the increase for the remainder OF the
year 1T least. The untitled tonnage on
January 81, 1911. was given by the Steel
as 3.l10.119. an increase of
$4,000 tons This increase. as is gen
creased operations and increased book
ings.
The condition Of business in the west
is reflected in the Improvement In rail-
road securities In the great agricultural
and mining sections. II was at first felt
that the decision OF the interstate COM
nerce commission in the rate advance
case would react III Americans. as the
foreigners nave laid n great deal OF
store in higher rates, but The success
lul location in Paris of $5o.Ooo,oOo Union
Pacific per cent bonds in all the ex-
element annuled this opinion even
though it Is probable that the neeotIa-
tions had been about completed before
the opinion was rendered
1T is safe TO estimate the amount OF
American bonds and notes taken by
Europe since January at $3.50. 600, 900 10
5000. 600, O0G. which supplements the com
mercial trade balance in the first seven
months of the fiscal year OF 1868 900 900.
This excess of exports from June 80 to
January Fl has only twice been sur
passed IN the past sixteen years-once in
1905. when ii amounted TO s432 900. 900.
and I'm 1901. when it reached SiiG.199.
300.