New-York tribune., 1912-12-02
TRADE AND INDUSTRY
Commercial Agencies Give
Glowing Reports for Week.

"Dun's Review" says that the volume
Of business transactions continues on a
steadily rising scale and the activity OF
trade results in number OF develop
ments incidental to a period Of prosperity
The demand for money. as Is common
near the close Of the year. brings about
advancing rates. There is scarcity OF
labor in some Of the industries, and the
nadequacy Of transportation facilities re-
suits in backward deliveries, as Is wit
messed in iron and steel. Regardless OF
these and other developments, both ma
tional and international, the volume OF
trade continues to rise week by week and
month by month. November has been In
many respects the best month this coun-
try has ever experienced. and every pros
pect is pleasing for holiday season OF
extraordinary activity. The weather mas
been especially favorable for retail dis
tribution. Cotton and woollen goods con-
tinue in expanding demand. and the New
England mills have in prospect for next
spring a great volume Of orders. Tho silk
trade also improves. There Is continued
advance In the volume Of the shoe busf-
ness. Leather is still strong. but hides
are easier. Tho only drawback to the
iron and steel trade IL shortage OF cars
and Of labor. but not only 10 production
now at the maximum. but the outlook for
the new year is all that could be desired
There IL an enormous domestic movement
of wheat Foreign political troubles have
an influence on the American markets for
securities; also of wheat and copper. All
current financial and trade statistics are
very favorable December interest ana
dividend payments will be nearly 100000
larger than last year. Railroad gross
earnings during three weeks Of November
show an increase of rs per cent. and all
sections OF the country combine to make
a gain of s4 per cent in bank clearings
over last year At the port OF New YORK
i'm the most recent week the exports were
sl7,954 9ss. 81, ,s24,o less than last year, but
over 100000 more than IN 1910, and i'm
ports were $9G.73t69s. being slightly in eN-
cess of last year and over 10000 more
than in 1910
In "Bradstreet's the review shows that
trade continues to move at swift pace.
tributio1I, the returns are invested with a
greater degree of uniformity than was
heretofore visible Jobbers as we'll as
wholesale dealers are, II anything, more
active. while retail trade has been stimu-
lated by colder weather. enlarged crop
movement and expansion in holiday buy
ing OF course. still lower temperatures
would induce wider activity, but, as a
general proposition, business In articles
of winter weight has felt the stimulus
OF the improved order of affairs. Ntrtu-
ally all sections. save the south Atlantic
states. where the cotton crop is short.
Join in sending favorable tidinss. Farmers,
helped by large crops. arc circulating
money, and labor. which is weU cin-
pIoyed. Is capable of enlarged purchas-
ing power. In leading lines the nub OF
the situation is comprehended in the
statement that active demands face short
supplies which fact makes II patent that
consumption has for the time outrun pro-
duction, and that previous conservative
buying is reflected in present insistent
demands for prompt supplies. Recorders
from surplus crop-moving sections are
featured III tnc Iepotts' "Hi'' 'N"'"'' 80
textiles for present and future shipment
is such az to make FOR widespread acuv-
ity in manufacturing circles. Indeed. in
dustrial operations continue brisk. and In
the iron and steel line complaints OF In
ability TO get material as and when prom
ised are very general Under the circum-
stances. consumers are being forced TO
draw upon warehouse stocks. Traffic over
the railways Is very heavy. and snip
ments OF grain continue al an exceptional
rate.