New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-05-06
CONDITION OF TRADE.
Dun's Review says

The increasingly bright outlook for the
wheat crop is responsible for a somewhat
better feeling in business as 10 the future
but the actual volume or trade. VIII
necessarily large because the daily neces-
stiles Of a vast population are large, ~
nevertheless slow. halting and without en-,
thusiasm. Taken In the aggregate, snI
especially in such basic trades as iron ana
steel and drygoods, consumption is mucH
below producing capacity, and even CON
cessions in prices fail 20 produce actlNlty.
Fundamental conditions. such as the large
supplies Of money and the generally IoW
stocks Of merchandise. are favorable Dut
enterprise continues to wait Tor inc r.
moNal OF uncertainties ana Tor that c9u.a
geous leadership which Is born OF laiee
faith I'm the future. The export trace 10
much more vigorous than the domestlc,
because manufacturers, no longer MINUS
the home market for their goods sur1cisnl,
are diligently seeking outlets abroad, ana
this is process which Is sure 10 De even
ually beneficial to business as a Wnoi ::
Pig iron and finished steel producuon
much below mill capacity and seems 10 "
receding Curtailment is still the order IN
cotton goods, while woolens are neceS
sariy affected by tariff agitation. me Sue
trade IS fair but not up TO hlgn va!
mark. 1t is noticeable that for the present
at least the trade recession seems 10 "
felt more keenly in the west than III t AZ
East, and even the fine crop prospects ,,' uU
not altogether Offset the erect OF lo"si
farm values The mail order houses COM
plain of reduced orders. The retall trsue
does not quite hold the improvsmeh, r
sulting from better weather. me 9 ie a
Good sign Altogether the situation Is pc,
plAyingly mixed. with irmedlate o.
much worse than conditions promise io'
the future.
Bradstreets says.
Trade and industry remain quiet 10 . Jul
with. on the whole. rather less DONG tndn
in the week preceding. Jnseasondoly ~
D Ing n .
aast ana vest and excessive moisture az
the south have made for quiet IN re.aii
lines and retarded crop growth or PrePai
ton to some extent. keoro ,n uearins an
raral and spring goods generally mas peel
checked by backward retail defnaIluss r;ss
future sales are affected by crop ana tal III
uncertainties Lowered prices 1or manu-
factured goods. especially textiles, nave
evoked some response, but not enough "
remove the impression that stocks III ma,
distt.buters hands are still larger tnal
! was anticipated for this stage or the So
sen Industry has been rather quleter'
notable I'm this respect being puildihs,
partlv because of less activity in TINS me
and partly because of sporadic strikes. Oh
which the industrial unrest at some centres
like Chicago: where 10000 people are idle,
t. illustrative. Still May / has brought
rather less than expected disturbances inc
most widely disseminated trouble pelns
that among machinists. Iron and steer nav
l
Of output reported. o,
In financial lines, the quiet IN gene.s. !,
business is reflected in .plling up OF
money supplies which, seeking employ
ment find vent in more active pong
market and some increase in stock marker
operations Collections generally range
from fair 70 slow. -,
As to the outlook. IL may be said that
while the tendency at present in trade ana
Industry is to mark time. basic condltions'
and more especially the crop <.i,re.
contain some notably strong features