New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-11-11
TUE WEEKS REPORT
Commercial Agencies Bring
Good TidingS of Activity.

0OOu IthISo W FOt''tJ'
In its review for the week Brad
streets" report says:
THE Presidential election has come and
gone, with the barest possible apparent
effect upon trade and industry. Neither
the election itself nor its results, sweep
Ing as they were, have thus far changed
the optimistic undertone previously char
acterizing trade sentiment, the situation
In this respect presenting one Of the most
notable economic phenomena Of recent
times. In short. natural conditions coinc!-
dent with heavy crop yields and conse-
quent heavy consumptive requirements
continue predominant In trade and indus
trial circles. Buying is large, and in lines
that may in the long run feel the effects
of prospective tariff revisions business
continues heavy. with no talk of cancella-
lions. Trade in staple lines IS active, with
calls for immediate shipment feature.
while operations for forward delivery are
charging At the same time, demand for
holiday goods is increasing, and In the
drygoods line recorders for novelties suit
able for the forthcoming festival season
are OF good proportions. Incidentally.
most industries report we'll filed order
books which insures a comparatively long
spell of active operations. Conspicuous in
this respect are iron and steel plants,
-four mills, furniture factories and lumber
mills. Two essential articles, coal and
groceries arc in brisk demand. while such
needful commodities as drygoods, hats
and caps and shoes and clothing are be-
ing taken In volume, not only for preseGt
but for future requirements as well Re
tail trade, though manifesting more or
less backwardness where openlike wealth
or has prevailed. has been benefited over
a wide area by lower temperatures. All
but a very few sections contribute favor
able reports, the negatives being furnished
by a comparatively small area in the
South Atlantic states. AS heretofore, rel
atively most activity is visible I'm the
Northwest. Central West and Southwest,
where large crops continue to exert be-
neficent influences. Traffic over the rail-
roads is enormous. grain shipments being
OF record proportions. while calls for coal
are 40 large as TO tax railway facilities
TO the utmost. In fact, some roads COM
plain OF difficulty In getting back their
empty coal vehicles, and for that reason
some carriers are loath 10 let cars leave
their own lines"
Dunn's Review has the following:
with the Balkan situation less menac-
ing TO world peace, though still serious,
and with the uncertainties OF the national
election at an end, the business outlook is
improved. This is reflected in the in
creased buoyancy OF the financial markets
and In the continued expansion OF trade
and industry. A situation that is based
upon an unprecedented movement of
" heat and record breaking production
of Dig iron can be described by no other
word than prosperous. Every department
Of business experiences the uplift and eX-
panslon which result, first, from the
tremendous crops, and, second, from the
restored confidence and credit. While the
ultimate size OF the cotton crop is still In
doubt and while there has been some low
ering of estimates on account OF frosts,
vet IL IS probable that there will be very
large yield The production Of corn prom
ises 10 be much in excess OF 5000, 100000
bushels. Pig iron production in october
amounted to 2,6ss.933 tons, as against p
463,S39 In September. The iron and steel
trade continues TO expand TO the full
limits OF capacity OF production and
transportation. The railroads, confronted
with stupendous traffic. are contracting
literally for 1913 requirements. Their
gross earnings In October showed the sub
stantial gain " SO per cent over last
year. All October statistics bear witness
to the notable activity in all branches OF
trade In all sections OF the country. Oc-
tober bank clearings gained q per cent
over last year. and in the first week Of
November the increases were 81 per cent
over 1911 and 1877 per cent over 1910.
II is noteworthy that every section and
every principal city report gains. The
drygoods trade, both In cottons and wool
lens. Is active and strong, and while there
is some check TO retail distribution, due to
the weather, the prospect Is for Christ
mas trading on a scale never before
reached. The shoe trade is also active.
Leather and hides continue very strong
Building supplies are in active demand.
The paper trade continues to improve.
There is a steady demand for bituminous
and anthracite coal. Chemicals are fairly
active. Foreign commerce maintains It's
heavy movement, amounting In New York
during the latest week to $37,6S5,4S7,
against s36.104,66t In 1911 and $35,7s2,-
667 In 1910. While exports were nearly
equal to last year. there was a large in
500 during the week"