New-York tribune., 1911-11-18
CONDITION OF TRADE.
"Dun's Review" says:

The gains made in recent weeks, even II
Hloderate In volume, have served to
strengthen business sentiment, which, as
the year draws to close, Is noticeaby
taxing a more cheerful view of the stua-
uon. While II is recognized that business
is sun IN great transition period, and
transition means change and uncertainty,
yet such progress has been made in neces-
sary readgustments as TO impart better
FEELING. This is especially noticeable In
lhe west, which for some time this year
has seemed 10 be more depressed than the
East, which is closer 10 the sensitive Imam
clal markets. larger volume of business
is being carried on, and there Is now FUR
ther buying for the future. The iron and
steel trade is stimulated by the increased
orders OF railroads for rails and rolling
STOCK, and by the somewhat better demand
Tor structural materials. Ii drysOO0s tnere
is further large trading In print cloths,
while In cotton and cotton goods genei ally
there is a fair movement, with indications
OF Increased orders for forward delivery.
The SeasCnable weather and the approach
retail trade. New England shoe factories
are quite active, and there is gOod de-
mand for leather. Bank clearings outside
New York increased this week l6 per cent
over last year and 81 per cent over lsOs;
while in New York there was gain OF
SO per cent over 1910 and decline OF 81
per cent from 1909. Railroad earnings in
the first week of November gained 20 per
cent Supplies CT money are ample, ana
the tone of the international money mar
kets is distinctly improved, although capital
is moving conserYatiVely. Merchants con-
fronted with the problem OF mario ower
bronts are adjusting their business 10
methods Of higher efficiency and are solicit
Gus ABOUT Overproducton. Imports at New
York are increasing, with total OF So
1926 during the latest week, against SIS, .
7S436i last year. Exports were $l4, l5o,2 20,
showing gain Of more than S2OOlWO over
the two preceding years, but So,boG@l less
than the imports
"Bradstreet's' says:
Lower temperatures, with snow or rain,
the first touch OF real winter weather IN
fact. has been a distinct help 10 retail
trade IN seasonable wear, clothing, iur
goods, heavy diygoods, shoes and under
wear benehting, and there has also been
a perCeplIble stimulus given 10 Jobblng re-
order trade TO hll depleted stocks. Prompt
shipment is a requisite 10 the placing or
business, and distant future trade Is stlll
tagging. All parts of the country nave
benented, the northern sections parucu-
IarlV so. and some Improvement is even
noted In Southern demand, though low
priced cotton mas been bar there 10 tullest
activity Holiday trade Is also more IaEoi
ably spoken of than at any previous GATE
this season. Collections are not much pet
ter. but note a slight Improvement al some
Eastern and Western centres, though re-
naming uneQualifedly slow at the South.
The effect upon the AGRICULTURAL interests
of the country OF the colo wave ,lsn., nss ne ~
stiU In the fields unthrashed in the North-
west and much cotton is sull unplckeo az
the South, but the lower Temperatures es
should help the curing OF corn; Iaken S as
q whole. the quality Of the gathered crops
crades lower than year ago but current
Sarn, prices are better than at this date IN
iSIo iSfm prices g