New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-29


wire products an advance OF 81 .op
has been announced, and the HILLS
are said TO be supplied with con'rac.s
eevoral months ahead. Crude steer ID
ronorted TO be scarce, and several man
ufacturers have retired from the mar
ket for orders. Dry goods are holdlns
in good demand. though there has peeh
shown some conservatism in primary
and secondary markets. Cotton goods
are Arm. and owing to the strike at INC
New Bedford mills there ara some
price advances In prospect. In WOOL
lens and worsteds trade is much more
active and prices arc higher. In the
shoe trade improvement is reported
and prices have advanced. HIDES ana
leather are frmer, and tanners are
refusing 20 contract In advance on large
orders.
Bark exchanges for the week ended
July 20, rs compiled by Dun's, IN all the
leading cities in the United States, az
greeated So. sol .29S 800. a decrease OF
rs pcr cent as compared with the
corresponding week last year. Citics
outside of New York made favorable
showing. only three reporting losses
compared with 1911. Gains were re-
corded in Boston. Pittsburgh. Cincih-
natl, Cleveland, Minneapolis ana san
Francisco. The statement Of New
hn ended
July % was an exceptionally strong
one, which changes the comparative Ell
feet Of the report, as shown IN TIE
previous weeks return. Compared
with the corresponding date in lSll'
this last return shows an increase In
reserve and surplus. The local money
situation was further strengthened Dy
favorable showing OF the trust COM
panies.
The foreign financial situation, &C
cording 10 bank returns OF England,
France and Germany, is interesting.
The Bank of England showed an III
crease of gold coin and bullion hold
ings of only f20l ,SsJ, and this in view
Of the fact that the bank on the Mon
day prior 10 it's statement had pur-
chased In the open market f4IO,0Oo OF
South American gold, part Of which
was included in the Thursday return.
The increase in public deposits was
fI91 900, and ordinary deposits in
creased f342, 900, while the total re-
serve was increased only f2l4,Oc,
placing the proportion OF reserve TO
liabilities at 503S per cent, as COM
pared with JOBS per cent for the previ-
Gus week. For the ten-year period.
however, this was sufficiently strong to
show favorable comparison. The
loan account presented an expansion
OF 1880. 900, bur the demand for money,
which has been and still is heavy,
would account for this amount, and II
might be larger without causing COM
ment. The Bank Of France in i's
weekly return recorded another IN
crease OF gold holdings amounting 20
10. 900 francs: the previous weeks
statement showed an increase OF T.
OIJ.OO0 francs, total Of 2o,o2J. Nv
francs for the two weeks. Silver hold
ings decreased $4,000 francs last
week and 100000 francs the previous
week. or total Of 100000 francs for
both weeks. Circulation was con-
tracted ard deposits increased and tho
statement for the week showed i'm
provemcnt. The Imperial Bank OF
Germany's return displayed an increase
In the stock OF gold and some strength
ening OF It's position. The combined
supply Of both gold and silver as re-
ported was at high point for the sea-
son. and the inference is that continued
vigilance will he exercised in efforts TO
better tho banks condition.