The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1912-06-08
THE B%RADSTREET
AND dun REPORTS
Trade Conditions Are More
Cheerful and Ready to
Forge Ahead.
LESS FAILURES
IN BUSINESS
All Lines of Business Are
Reported More
Active.

i 1 ~, oultS os-INs ". u uIIu
company's weekly review OF trade to-
day says:
The quickencd movement of tradc
is clearly revealed by the statistics of
bank clearings, railroad earnings and
pig iron production. On the other
hand, in number of defaults and
amount OF liabilities the May record
of commercial failures, while better
as compared with previous months of
this year. was unfavorablc as COM
pared with corresponding months in
most of the preceding years. The adj
vices from the iron and steel trade
constitute the most encouraging fea-
ture of the industrial situation. There
was a remarkable production of pig
IRON during May and with the prospect
of adequate crops. the reasonable out
look is for a high water mari activity
this year in this great basic industry
with an advance in prices not
likely.
Undoubtedly business sentiment and
business enterprise are still held in
check by solicitude regarding tn.
growing crops and the pending econ
omic controversies. but they are not
standing idle by any means. but
cheered by the extraordinary expan-
sion in the iron n steel trade, the
advance in copper and the improve
ment in the condition of the textile
industries, they plainly display IL de-
sire to forge ahead rapidly as oppor-
tunity presents itself. a shortage of
labor is reported in the Connelsville
coke and iron region.
The markets for dry goods jobbers
and retailers are fairly active, inn
proved weather conditions having as
sisted distribution and stimulated the
demand for goods for immediate con-
sumption. Cotton goods at first hand
are rather dull, but large shipments
were made on old orders. More wash
goods and summer merchandise are
going into consumption and while ex-
port business is quiet for the moment
shipments continue heavy. Fine
cloths are quiet and dress ginghams
dull. but staple %ginghams are in fair
demand: duck holds steady INC col
ored cottons are firm. The cotton
yarn markets are quiet and prices
easier, but worsted yarn %spinners are
busy on sample lines for a new sea-
son. Fan orders are coming in slow
lN for broad silks. but new lines of tie
silks are attracting much attention.
Trade in s~easonable footwear con-
tlnues to improve and many new or
ders are booked. but fall and winter
contracts are backward. owing chiefly
to the question of price and some
manufacturers lack new business.
pronounced strength continues in all
descriptions of sole and upper leather,
but the market is generally inactive.
Bradstrcct's Report.
New York. June S.-Bradstreets to-
day says: Better. more seasonable
weather for the crops toward points
where progress itself can be measured
are reported for a further expansion
in the volume of final d%istributive
trade. This is of course. most marked
in retail trade in the larger cities and
industrial centers and less so in the
country districts where farmers are
still wrestling with the obstacles i'm
posed by an almost uniformly late
planting and growing season. Dry
goods and light summer wearing APP
parel are feeling the stimulus of the
weather and some recorder business is
being engaged by jobbers. who also
lind an additional impetus t. trade in
s~emi-annual mark down sales to close
out stocks of summer goods.
There is a fair trade in fall goods,
but this is governed by a studied con-
servatism bred OF political uncertain-
ties and desire for Il clearer view of
crop probabilities. The industries are
in god shape. Iron and steel report
close to maximum production. though
new demand is not so marked. The
htS EIi'N q 6opu III dis
Tor May and the five months and the
coal trade having resumed work, de-
mand n distribution are better.
Coke is easier.
Trade on the great lakes is good
and promises to be better. Reports
from the cotton goods trade still dis
play some Of the curious cross currents
hitherto noted. Some lines of goods
are closely sold up. Others. such as
heavy yarns and wide prints, are
softer. Still, the general report from
nearly all lines is hat stocks are not
in any sense burdensome.
Business failures in the United
States for the week endin- June 6
were 1877 against 231 last week, 232
in the like week of 1911, 1S9 in 1910,
1917 in 1909 and 253 in 1908. Bust
ness failures in Canada for the week
ending with Thursday number 10.
which compares with II last week, and
80 in the like week Of 1911.
Wheat. including -four. exports from
the United States and Canada for the
week ending June .. 5,9Gs,693 bushels
against 4.914,000 last week and 2,432,-
$50 this week last year. For the forty
nine weeks ending June 6 exports are
100, S22.336 bushels against 1885,
PIG in h corresponding period last
year. Corn exports for the week are
106.O7s bushels against 42,159 last
week and 1,O35.144 in 1911. For the
f%orty-nine weeks ending June 6 corn
exports are ~33,09s,7 67 against ~, $780,
S0S 1oct l,nor