New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-03-11
CONDITION OF TRADE.
Dun's Review saws:


The moderate Improvement IN industrial
and trade conditions since the beginning or
the year continues. This Is most notice
able In iron and steel. IN which an IN
crease in pig iron production was made IN
February, and in which the aggregate or
untitled orders reported by the leading pro-
Queer has expanded. II Is less evident IN
the dry goods trade. in which curtaiment
OF production Is maintained and price re
auctions are being made. Yet January ana
February sales In many cases showed gam
over preceding months. some growth N
activity in the boot and shoe market = re,
ported Two important clements OF
strength I'm the SitustiOn are tho existing
low stocks Of merchandise and the existing
largo stock Of money. Other favorable iac
tors are the increasing reserves Of the
great banks. tho decline I'm tho Bank or
England rate discount 20 per cent, the
era tifvinS change for the better In our
foreign trade, the signs o. large acculnul-
latinr credits abroad, and the generaIF
excellent outlook FOR crors. so far as they
can now 10 forecasted. Current statistics,
Icy which tho volume and trend 81 trade
arc usually tested. are not altogether "a tlS-
factory. PailrOad earnings IN four weeks
OF February increased O 3 per cent. Bank
clearing In the last week outside New
York declined 2.5 per cent sS compared
with 1910 and increased 1872 per cent, az
compared --lth 1909. In New York there
was a decrease Of 142 per cent from 1910
and gain of 6 over 1909 The foreign
commerce exhibit AZ New York during the
latest week recorded exports n SlS.2S2 $50.
a reparkahie gain Of g.. s7s.163 over 1910
and an excess Of g. 500 SIS over The Inn
ports. Ne compared with 1909. exports IN
creased s},57S209 and imports decreased
$5,2940eo.
Bradstreet's SAYS:
The presence of numerous buyers IN the
principal markets has tended 10 produce a
moderate degree or Improvement In house
trade. and carly farm work is progressing
under favorable conditions while fall soWu
grain appears 10 be in good shape. Incl
dentally the progress Of the season has I'M
parted q little more Za-t 10 retail trade.
Yet conservatism IS everywhere ViSlcle'
buyers especially of textiles and clothing.
are purchasing cautiously and mill owners
are selling goods made up from high priced
materials at little or no profit In word.
the failure Of business IN general 90 expand
more freely Is Disappointing. y policy OF
small lot buying appears 10 he Favored ny
most purchasers. and the efforts OF tne
larger purvcyorS 10 force Fales meet Win
little response The coming session OF Con
grcss at which various tariff schedules
NAV be treated. together with the probabu-
itv Of action on the Canadian reciprocity
matter tends to produce more or less chart
ness The latenesS Of Easter. AZ well rs
the poor condition Of country roads, IS also
a factor Flour remains dull, lumber Is quiet
and though building should pick up some
what from now on. the figures or permits
and estimated expenditures show that eSten-
sion work is not so active as at this time last
year Demand for footwear f. satisfactory
enough in the West. but In the East u Is
backward Special machinery IS i'm light
request and there are reports or consider
able idleness al some cities. skilled mechali
les as well as common laborers being ar
fected on the other hand. farm laDoV IS ~
rood demand. and paints, oils drugs fer
tilizers and millinery continue 10 meet Win
good calls.