The Greenville journal. [volume] (Greenville, Ohio) 1850-1918, 1911-06-08
OUTLOOK BRIGHTER
Much Encouragement Felt in Every
Line-5anking Matters Tell
Their story-Fewer Fail
ures In Business.

New York; c.. Run G. Co.'S
Weekly Review of Trade said:
Continued conservatism combined
with growing confidence, appears in
trade reports. The fact that one aft
er another of perplexing uncertainties
is passing and that prospects are in
creasingly favorable creates the dis
tinctly better business sentiment pre-
vailing, although curtailment, read
justment of prices and moderate pur-
chases in satisfaction of immediate
wants still characterize the actual
trade movement is at present in ex-
ports and this constitutes a strong
situation. The fact that in Canada
business is moving briskly is also
good augury.
Iron and Steel.
Significant developments in iron
and steel are still confined to the mat
ter of prices and recents in this re-
spect have tended to accentuate the
feeling of uncertainty. Announce
ment of reductions ranging from 81
to $4 per ton on various classes of
finished products closely followed the
lowering of quotations on the steel
bars, but this has appeared to re-
strict rather than stimulate buying.
CurtaiIment in Cotton.
Cotton goods are holding the slight
ly higher values recently established
and more business is passing. Cur
tailment has become drastic, probably
more than representing the decreas-
ed volume of distribution and con-
sumption and is due mainly to the
disparity between the cost Of pro-
duction and selling prices.
Wool Business Good.
There is a good business in wool at
Eastern centers though trading has
checked the higher prices demanded
Improvement continues in footwear
but wholesalers display conservatism
owing to the many styles offered
Bank Exchanges.
The change at New York City is
very pronounced, a loss of 1873 pei
cent, compared Tith last year, and
of 1877 per cent compared with 1903
being a marked reversal from the
gains of IL per cent and 8 per cent,
respectively, reported last week.
OF the cities outside New York
Baltimore and New Orleans are the
only points making gains over both
years, although the returns at Cincin
natl are somewhat larger than a veal
ago. Compared with 1909, however
eight out of thirteen cities reporting
make gains, and the loss in the tota,
is only 0.5 per cent. Considering the
large loss this week, it is gratifying
to note that the comparison of daily
average transactions for May shows
a loss of only 1.6 pre- cent compared
with last year and of per cent com
pared with 1909.
Business Failures.
Business failures in the United
States for the week ending June
were 1853, against 236 last week, 16(
in the like week of 1910, 191 in 1903
225 in 1908 and 155 in 1907
Business failures in Canada for the
week number %, which compares with
18 last week and Is in the like week
of 1910.
The Export Trade.
Wheat, including -four, exports from
the United States and Canada for the
week ending June l aggregate 1878,
366 bushels, against 2,664,1S6 last
week and 2,970,663 this week last
year. For the 4S weeks ending June
exports are 114,753,396 bushels
against 136,5O2,O2O bushels in the cor
responding period last year. Corn ex
ports for the week are 563,596 bushels
against 734,646 bushels last week anC
238,740 bushels in 1910. For the A
weeks ending June corn exports are
46,S65,453 bushels, against 27,25S,73;
bushels last year.