New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-11-18
THE WEEKS BUSINESS
Commercial Agency Reports
Show Continued Trade Advance.

In summary "Dun's Review says:
Business continues to expand, UNI
checked by the Balkan war with It's grave
European complications. and its remark
able development has furnished new proof
that true national prosperity springs from
the soil The domestic and foreign de-
mand for iron and steel products IL even
larger than before. with all previous rec
ords broken Railroad purchases con-
tinue on an extensive scale notwithstand-
ing that a decision as 70 the raising OF
railroad wages Is near at hand. The
railroads are making every effort 10 move
promptly the tremendous traffic Of the
country and at the same time are making
due preparation for the requirements or
the future. There are also signs OF prep
aration for the opening Of the Panama
Canal. The drygoods market. in both
cottons and woollens, daily develops new
activity and strength, and the retail bus
mess, though held in check somewhat
by the mild weather, now shows Increased
volume as the holiday season approaches.
The shoe trade also maintains steady
gain Crop conditions are all that could
be desired and the latest cotton estimates
foreshadow an increasing yield. The
movement Of wheat IS enormous. The
weeks statistics all confirm the reports
from individual trades. Bank clearings
this week gained SIS per cent. over last
year and 1873 per cent over 1910 and rail-
road earnings In the first week Of Mo-
vember increased "A per cent. World
wide frmness IN money continues, and
the Imperial Bank OF Germany has ad-
Yanced It's discount rate from TO s per
cent. Important developments occurred
In foreign exchange, with a further de-
cline in demand sterling 10 below i.Sj, yet
resumption OF gold imports Is cOnsld-
cred unlikely At this juncture. Prosperity
has expanded imports The great volume
OF exports is maintained; at New York
for the latest week the exports were
AG,543, $40 being considerably larger than
I'm the two preceding years, while Imports
were s22.2Si. i74. the gain over the Two
years being relatively about the same as
In the case Of exports"
Bradstreet's is equally optimistic, as is
shown by the following:
avenues Of trade are busy, and the post
election period has apparently witnessed
an increased rather than "A decreased vol
ume Of business. Secondary distributors
report the receipt Of large mail orders.
while at some markets buyers In person
have operated quite freely. Buying for
next spring is expanding, Industrial oper-
atoms are as active as heretofore. railway
tonnage is OF large proportion, goods are
not overplentful anywhere. collections
are improving, old debts are being liqui-
dated, retail trade is charging, especially
In sections where low temperatures have
prevailed: holiday business Is growing.
the railways continue To buy material I'm
volume, and. except In few lines of tex
tiles where tariff talk Is I'm evidence Opt
mism Is as notable as ever. IL is signiti-
cant that immediate business is exception
ally good and that buyers insist upon
prompt deliveries, which tends 10 empha-
size the fact that consumption Is very
heavy OF course, staple lines continue in
most active demand the list OF goods
covering a wide range. DrygOOds, shoes
-four, groceries, clothing, furniture, hard
ware home furnishings, coal and drugs
are In the forefront as regards calls
Wool is less active, bur belated buying
which is OF the small-lot type makes up
a fair aggregate, full prices having had
slons would be made after election Lum-
Der continues Ia especially good demand
and advices received from Western Wash
ingtOn indicate that Eastern manufact-
urers OF railway cars have purchased
Is 900, 900 feet"