New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-09-23
GOVERNMENT BONDS.
CONDITION OF TRADE
pun's Review says
Bid. Asked. 4

Drvgoods continue IN better demand, this
applying alike 20 CotJOns, wOllens and silks
and Improvement IS noted N the reports
from leading cities IN different sections OF
the country. There is z fair business doing
in shoes Hides are ia active demand
Larger injuries for betting leather are not
ed Iron and steel are unsettled by ques-
tions Of prices and vases. but production
appears TO ne about trree-fOurLhs OF pro-
ducing capacity. The cOuntry's export
trade continues one OF the notable features
Of the situation the government last
statement showing the largest August eX-
ports on record During the latest week
~ New York the exports were Sl6. SO. l5S,
exceeding imports by S5a4 l69 and being &C.
81 543 greater than the exports q year ago.
the gain over 1903 being still greater.
Bank cIearings this week outside New York
are 0a per cent less than a year ago and
IA per cen better than IN 1909. while I'm
New York there IS a gain OF 81 per cent
over 1910 but a decrease OF Do per cent
from 1893 Railroad earnings IN the first
half Of September Increased 20 per cent
over last year. There has been heavy lClI-
dalton n cotton. which. with speculat tive
selling. has depressed prices 10 the lowest
point IN two years Looking at the situa-
ton az whole, II Is apparent that the vol
Unle Of general business Is srlll much below
producing capacity and there is little spec
Ulative anticipation OF possible future
wants. What Is not 90 clearly appreciated
is that the everyday requirements OF the
American people, even on more ecOuoui-
cal basis. are increasing with the normal
growth OF population. and that slowly but
surely the gap between capacity auG con
sumption Is being bridged. That capital rs
matted ~ entering upon large enterprise
by the signs OF the world unrest. which APP
pear now IN one country and then IN ar
other. and which cause disturbance 20 the
international markets, is plain enough but
business men are apparently learning tu
adjust their affairs gradually 90 obese uU-
settled conditions and DO DO business while
big problems are being solved. The nm
80 tFf fff
I Nets continued this week. Notwithstanding
I the increasingly peaceful aspect OF the Mo
rocco controversy. and five European gov
eminent banks, including those OF Eng
land and France. advanced discount rates.
Weather conditions are most favorable Tor.
crops and VIII bee helpful 20 retail distrihu-
/ ton.
Bradstreets says
/ This weeks reports regarding di.tr,b-
utiye trade are more favorable than thew
/ have been Tor some little time past Not
only rs there a better feeling as 10 rre
/ future, but trade IN a number of lines has
actually. improved. Perhaps the tendency
/ Is but temporary, bur the plain fact is that
buying has expanded, anu, moreover. IN
tends 20 widen. This situation Is no doubt
due 10 the necessities of dealers vbose
/ stocks are light as the result OF PROLONGED
/ haud-to-moutf buying. Conserve ffsr, 80
! not been Abandoned. nor o. a likely Ia be
/ but the main point is that existing wants
I are there. hence "a better We luule ~ 5Is
/ tributive trade Is reported from number
/ Of the larger markets. though OF courss
several OF the less important centres con-
tinue 10 report backward trade Dr,po,ds
seem 10 be In the forefront as regards nsvg
| demands. thus indicating that recent nrirs
/ reductions especially In cottOns han i
\ beneficial effect. Other staple lines such
/ as groceries. wool clothing anG 49,, Z.
I apparel IN general also share la m -,
/ larged buying movement. Hardware 80
| is IL good demand. There are several otbe-.
/ features that may dugur we'll for the
/ future Thus, there is a better dar,a,d -.
money IRON non-specuIative borrowaro
such. for instance, ss merchant, ana va :,