New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-07-22
CONDITION OF TRADE.
Dun's Review says:


Trade continues quiet, but conditions are
essentially sound. Better weather throusn-
out the crop area has largely reviewed tns
apprehension about the staple crops, sIli
lower temperatures In the large cities nave
helped general business, especially retaiI
lines 4 favorable sign is somewhat het-
ter inquiry for high grade bonds, the In
yesting public gradually becoming moro
favorably disposed toward long term Sc
curities The demand is still highly dis
eliminating. Railroad earnings for the iirse
week Of July show a small Increase, wnhe
bank clearings this week are 40 per cent
above the total reported in the correspond
ing week last year. Further Improvement
in the steel industry is reflected by the re-
lease this week of some important ORDERS
for various products, including rails
moderate export demand has been reported.
There is still good buying in finished lines,
and plants, especially at the West, are qults
well employed. Resumption of shoe faeto-
ries is creating better demand for leather
and New England tobbers continue fairly
busy. The drygoods market is naturally
affected by the sharp break In the price az
cotton. and there is a consistent effort made
in some quarters TO stimulate business
through price revisions The disposition 9
still to buy cautiously until the general
trade outlook is better defined. Crop al
vices are very favorable and the indca-
tons are for record breaking productions;
The foreign trade statement for the hsca!
year just closed shows total exports OF
$2,0is, 69l 1872, the largest ever reported.
BFduStTect says.
While trade sentiment is rather more
cheerful. based upon the improvement IN
crop prospects caused by rainfalls In sec
tons badly in need Of moisture, actual
business at wholesale has been and is stu
rather slow 10 expand. For this conserya-
tism as to tho fall outlook some price IN
certaintes, as In cotton goods, where sharp
declines in raw material have hrougn!
about revisons I'm the goods markets. tank
uncertainties and the desire 10 obtain ~
clearer view Of crop outturn are all held
contributOry. Retail trade has largely neen
confined to clearance sales Of summer goods,
nut the results here have not been uni
formly satisfactory owing 10 unfavOraole
weather conditions and tho restricted buy
ing power of many consumers. Perhaps the
most uniformly favorable reports as -
trade come from the South. where humper
crop prospects stimulate = fair degree ~
confidence. and from points Of the SOUTH
west. where the passing OF the seasons
long drouth has improved sentiment COZ
lectionS range from slow 10 fair. I'm indus
try the most cheerfuly situated line C0ntin-
ues to be iron and steel, which Is NOW :
quite satisfactorily. Machinery and coal
trades hold the slight Improvement noted
last week. The cotton goods Industry has
been temporarily unsettled by tho sharp DO
cline I'm cotton, which Is reflected I'm lower
asking prices for some kinds az cotton
goods. In woolen goods the feature mas
been the opening Of many lines Of mems
ness Is not marked as Yet in this or m
dress goods. however. Tariff uncertainties
play n large part I'm tho drygoods and m
the paper trades. In which latter possible
reciprocity with Canada IL A feature ~ "a
considered