New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-08-05
CONDITION OF TRADE.
Bradstreet's says:

There IS still considerable irregularity
I'm trade conditions. due to cautiousness
and fears Of crop damage. but basic con-
ditions and the advance of the year tend
10 work for Il little further improvement.
| While merchants continue to feel their
way, sentiment as TO fall trade is inprov-
ing slightly, and at some OF the larger
centres jobbers and wholesale dealers
have done a rather better business with
outside merchants. who are beginning 10
come TO market. This refers, OF course.
matter Of fact current trade still reflects
the influence Of midsummer conditions.
Southern. and 10 a less extent Southwest
ern, merchants, whose feelings are buoyed
by prospects Of record cotton crop, are
more disposed to place orders for future
use, and as a result drygoods, clothing
and shoes are In a little better demand.
/ In sections where cereal crops are the
mainstays conservatism reisns, partly be-
cause of too much rain close 10 spring
wheat harvest time. poor oats crop pros
poets and impaired corn crop conditions.
Even in the South, the Carolinas for in
stance, severe drouth has caused sus-
pension Of operations In textile mills, and
water has been carried from distance
sonable goods is quiet. though clearance
sales are general Under the circum-
stances there is little or no recorder bus
ness.
Dun's Review says:
Moderate betterment in trade conditions
appears this week The extraordinary gov
eminent cotton report showing with one
exception the highest July condition esti-
mate for thirteen years and affording rea-
sonable expectation for crop Of more than
l45J0,GO bales. or much the largest ever
produced in the United States, caused some
hesitation among buyers OF drygoods, al
though the tone in this line was a trife bet
ter both at wholesale and retail In iron
and steel there Is further moderate expan-
sion and railroads are disposed to enter the
market for rails and equipment Leather
trade Is unsettled by the decline In hides
and this has caused some buyers TO with
draw their bids. Bank olearings this week
are only trihe under the total shown In
the same week OF 1910 and railroad earn
ings for three weeks Of July show small
gains over last year. The falling Off OF 23
per cent in bank clearings for July, com
pared with last year, and ! per cent COM
pared witch the same month in 1909 Is
caused by losses at New York city Boston
and Pittsburg, cities In the Southern and
Central states showing fair gains. The
record of commercial failures for July
while showing as TO number Of suspensions
and aggregate Indebtedness totals about the
same as in previous years, is encouraging
in that the volume of liabilities reported IL
the smallest for any month thus far this
year there being a progressive reduction
each month. Western banks continued TO
draw rather heavily for crop moving pur-
poses upon their New York correspondents,
and this drain showed that tho abnormally
heavy advance movement of wheat was I'm
posing rather unusual burdens upon the
banks There were also Indications that
some OF tho International banking interests
had begun TO issue finance bills in consid-
cradle volume Foreign trade returns con-
tinue 10 be highly satisfactory, exports for
the week reaching Sl61iS,l62. as against
sic, SoS,9i3 for the same period in 1910 and
$40. e93, 8l6 In 1909 Imports are only trife
above last year. showing sl5f7s,s97 for the
week, which compares with sl54l5.311 for
tho same period last year and N50l0,e4 for