New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-04-29
CONDITION OF TRADE.
Dun's Review says:


While domestic trade moves sIuggishlv
export trade continues 10 expand. and the
increase IN the amount OF manufactured
articles sold abroad Is very gratifying The
foreign commerce statistics for the nine
months OF the present fiscal year are in
sharp contrast 10 the recession in domestic
business. During the latest week exports
rom New York were 5000 ,4s4, an increase
or 1872. 155 over 1910 and OF s5i15,473 over
1903 The imports were s16.90s 701. an
amount slightly in excess OF 1903 but ST.
46l.O5S less than In 1910. The excess of ex-
ports OF S,1S.7s3. contrasted with a large
excess OF imports In the corresponding
week Of 1910. Commercial activity abroad
is most noticeable and is a promise OF i'm
provement on this side of the Atlantic as
soon as present uncertainties, which serve
10 retard enterprise pass. Another con-
trast is TO be seen in the essentially sound
fundamental conditions, such as abundance
of money and comparative baroness OF
stocks on the shelves. on the one hand, and
the curtailment OF production. the inactv-
ity in distribution and the virtual stagna-
ton in speculation on the other. Iron and
steel are II anything, somewhat less ac-
tive, with a reduction in the price OF ore
and a smaller output of finished materials.
The drygoods trade is without significant
change OF any kind. but retail business
feels the stimulating effect of more season.
able weather The bright wheat crop pros
poets continue the best feature OF the whole
situation: but the cotton outlook is more
doubtful excessive moisture having de-
layed planting The shoe trade IS improv-
ing. There have been large sales Of copper
during the last few days. Railroad earn
ings during three weeks Of April showed
decrease OF 0.3 per cent. and most of the
statistics by which volume OF business is
measured reveal the prevailing lethargy Of
trade. Bank clearirgs outside Of New York
gained o. per cent over 1870 and 5.S per cent
over 1909: in New York city there was
falling off OF III and l9.1 per cent re-
spectiyely, due In large part to the de-
r.fe eefCF ~, hn 10 n
Increase I'm the demand for bonds has. how
over, been noticed this week Most OF the
reports from the principal trade centres
dwell chiefly on the Improvement in retail
distribution rs a result of the warmer
weather
Bradstreet's says:
The features Of the week have been
slight stimulation OF retail trade by warm.
bright weather North, West and East, good
progress in the planting Of and growth Of
leading cereal crops and satisfactory devel-
opments as regards the outlook for lead
ing fruit crops. The greater activity In
retail trade i'm turn Is reflected in a little
better business hv iobbers. but on the other
hand. unsea sonably wet and cool weather
has checked farming operations at the
South and also made for quiet in trade.
The net result the country over has prob
ehlv been total Of trade little different
from that Of the preceding week, and bank
clearings are not materially different from
those OF last week. while still well below
those OF a year ago in the country as
whole IN speculative markets there IS
little new 70 note Stock markets are dull.
hut the piling up Of money al leading cen
tres and the easing OF rates caused there
bv has been an incentive 10 buying OF
bonds. which show one o., the most active
weeks Of the year. Commodity markets
are not greatN changed, the most lmpor-
+ant feature being the strengthening of cot
ron prices which are y points higher on
the week. spot cotton crossing Is cents on
reports OF unfayorable weather for plant
ing and growth OF the Souths leading
product Cereal crops have moved irregu-
iarly Wheat is slightly lower on good
winter and spring wheat crop reports and
the absence OF export demand. Corn ana
oats ere not greatly changed on the week.
Hogs are lower on larger receipts, but oils
and fats show some rallying from the de-
messed prices ruling a week ago.