New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-17
COMMERCIAL REPORTS
very Week Brings Proof of
Good Times Coming.

- ada another link in the chain Of
.oe,sjve weeks If improvement IN ma
nal conditions Dun & Co. have the fol-
Wing in part:
ppu,iness continues 10 expand Conserva-
r.ly but steadily, with accommodating
ms ~ a year Of more than average
.,vity Elements Of the situation which
~. been heretofore prominent are being
RELY ignored and business sentiment cen
a. In the increasing confidence created
the steadily maintained industrial
s,y,ty. the improving conditions in mer-
,ndising and Frightening outlook for
crops. Both East and West there are
sltply1ng evidences Of the widening scope
financial and industrial recovery from
a, depression. The prevailing excellent
,stber is one Of the present factors Of
a situation that are working for greater
sds distribution and for works Of con-
,aetion Reports from the leading cities
ispesk Of a normal development Of bust
"a often in excess Of anticipations. The
aiyity in the iron and steel industry,
6Ith has reached the point where new
viness In sight IS actually in excess Of
slarge capacity of the mills, is communi-
ting itself to other branches Of business
hich have hitherto been very slow in re-
phding to reviving influences. The gov
ument statement shows high percentage
spring wheat with the promise that its
cid will more than offset the deficiency in
inter wheat The cotton market is firm
ID the weather conditions for the crop
excellent, though a decrease in acreage
the forecast Satisfactory progress IS
aking in the dry goods market in most
its branches, and the retail trade is
erai for the season. Shoe manufacturers
On report small volume Of new business.
ather is dull but firm. Hides show an
sier tendency.
Operations at first hands in the cotton
Iods market display some conservatism,
II distribution is steady. There are nu-
erous purchases for quick delivery, Re
citing a rapid movement into consump-
IN. Branded brown and bleached goods
I'D their values, and prints are selling
ore freely. with some large export orders
ing considered. Stocks OF print cloths al
al River are still below a three weeks
,tput, and OF 5000 pieces sold last week
Ae were for spot shipment. IN woollens
- hiEhi cost OF the raw material and rhe
lief that prices will he maintained create
peh confidence and business is coming
Vward in satisfactory volume. The lead
mills are fully employed and are com
aiming of the shortage Of help rather than
,s scarcity Of orders. The New England
>
Ills operating more freely, regardless or
le high prices Cotton yarns have de-
ined and are now being bought more free
for future delivery. but worsted yarns
= stronger in keeping with the advance
wool. Reports from abroad are TO the
feet that silks will be used more freely
E,dress purposes during the coming year
rTota gross earnings of all United States
threads reporting TO date for the first
eek Of June, according TO figures compiled
, "Dun's Review" aggregate S6144.552. an
crease Of IS per cent, as compared with
e earnings Of the same roads for the cor
spending period OF last year. While this
nparison. on the whole. is fairly sat'sfac-
Wy the exhibit is not so favorable as
vat for the first week in the preceding
70 months, the gain in May amounting to
per cent and IN April 20 81 per cent.
lille several systems report more or less
ling of compared with a year ago,
nong them Texas & Pacific and Colorado
Southern IN the West and Southwest.
ID Chesapeake & Ohio in the South, the
Ssss as rule are not very large IN
.ls West and Southwest Denver & Rio
tande reports . gsin Of {ll,20o Minneap-
h & ST Louis S54ss. Missouri Pacific
sm0. 81. Louis Southwestern $4,000, In
national Great Northern, 5000, and Min
Hnolis St Paul &, Sault Ste. Marie 81
eile In the South Louisville & Nashville
ports an increase Of $5s. 235. Southern SAL
o. and several other roads smaller
mounts. In the following table ere given
k gross earnings Of all United States rail
sds reporting 10 date for the first week
June and the gain as compared with :he
hnings OF the same roads for the corre-
'onding period . year ago; also, for prac-
eally the same roads IN the two preceding
.Dhths, together with the percentage Of
IA over last year:
Per
1912 cent
= one week ssl4i5J2 Gain Sl57i25 20
one week 1921 $40 Gain j04 20 -
'n+ ons week. 7s5i,755 Gain 422.36o 81
Liabilities Of commercial failures for June
cate amount to S4.O59,Ss5. Of which ST.
n'szS were in manufacturing S2,OS6so6
trading and S275.956 in other commercial
Es. Failures this week numbered 235 in
United States. against 221 last year. and
u Canada. compared with 25 year ago
efadstreets' publishes the following on
tnada
N the eastern part Of Canada trade -
ust because of cold. rainy weather, but
.e"here business continues satisfactory
most points, barring the east OF course
. orders are coming out, there is an ex-
Aeht volume Of recorders and prospects
bright, largely because crops are In
shape and because development work
ICING conducted on large scale in the
provinces. heavy immigration 10
A,'h also adds new wealth. Montreal COM
sl~ mat cold weather hurts trade. whole
ana retail, and that demand for dry
Is not up 10 expectations. However
ana shoe houses are busy. American
~ are not 30 interested In the hay
uAet' and the undertone is easier Eggs
~, Oetter supply and prices are lower
,eeuons are slow. Toronto reports ex-
A' reorders for seasonable goods, sat
s1sy tal orders, brisk demand for
ss materials and good country trade
~ Hpes says retail trade Is satisfactory,
building and real estate are very ac-
Nalgary reports that wholesale trade
y'er. but building is active. and there
81, HoTtsse Of cement structural steel and
coileetions are slow. Vancouver
:. good trade. Bank clearings at ff-
ues Tor the week ending with Thurs
fnish q total Of sls1. All .0O0, an in
4 ~ "a per cent over last week and Of