New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-04-08
HONEY AND BUSINESS.

Measured by all conditions that make
for trade improvement, the volume Of
business is expanding. with every indi-
cation Of steady growth throughout the
year. Hopeful views are entertained In
financial and Industrial circles regarding
the political situation: there is no real
uneasiness as a consequence Of labor UNI
rest in various quarters. and there is no
disposition among merchants, manu-
facturers and consumers longer TO ad-
here 10 the policy Of curtailment which
for many months until the present time
has been such a marked feature Of the
business markets. The rise In security
values has helped serTiment owing TO
tho fact that the upward movement is
based on the strength Of underlying
factors which are now beginning to be
reflected in increasing transactions In
wholesale and retail trade and I'm greater
activity I'm iron, steel and textiles A
better demand is reported for all grades
OF iron at advancing prices Finished
steel materials find a ready market and
earnings OF tho United States Steel Cor
poration and the independent concerns
will make n far better exhibit In the cur
rent quarter than In the first three
months Of the year. owing both to
heavier orders and higher quotations.
Betterment I'm drygoods and woollens
is well maintained, with advancing price
4
IN manufactured goods in most cases
failed TO make arrangements for spring
and summer requirements earlier I'm the
season, and as a result Of the heavily
incrca sing demands from retailers both
tho jobber and tho manufacturer are be-
ing swamred with urgent orders for
supplies Speculation in cotton futures
is moderately active. Options have ad
VanCed slightly as a consequence OF tho
Southern floods. but as II is known that
cotton can be planted late and yet yield
a big crop, no fear is expressed as 10
the ultimate outcome Of this years pro-
duction. The general crop outlook Is
encouraging. Winter wheat promises Il
bountiful harvest, and owing 20 the re
cent rains in most parts OF the country
there is an amount Of moisture In the
ground that should give all the cereals
and other farm products splendid
start. AS a rule strength is shown IN
the commodity markets, especially in the
coarse grains-oats and corn. Heavier
sales are reported in hides and leather.
Bank cearings I'm March were larger
than In any preceding month In the last
two years, with only two exceptions,
while in the first week decided improve
ment was shown as compared with the
same period IN 1911. Bank exchanges
testify 10 expanding business; likewise
railroad earnings, which present sub
country. Money rates are firmer as n
consequence OF a better demand for aC-
commodation from Stock Exchange and
mercantile sources. and it is quite likely
a long time will elapse before the mar
ket will return to the easy level Of tho
last three months. especially as bank re-
serves at this centre are low. The in
terror inquiry is growing, reflection of
which is found in the direct movement
between the local institutions and banks
at out-of-town points and in the pay
ment OF obligations due the government
in other cities by drafts TO the Assistant
United States Treasurer here on New
York correspondents. Our bankers are
Ii 70 nt h..
moment, and it is probable that at the
maturity Of loans outstanding n large
proportion Of the money will be recalled,
unless competition abroad for funds
oh again hacop,a acufe