New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-22
COMMERCIAL REPORTS.


Tho tone Of reports from all parts Of
this continent shows a better feeling and
growing optimism. "Dun's Review" gives
the following:
Progress is in the right direction. A
noteworthy incident this week is the de.
cline In prices of all grains. especially
wheat, which was sharply depressed By
reports OF exceptional crop advancement,
In the Northwest. Ten days will place
the spring wheat crop beyond danger
from drouth. Distribution in that section
is In excess OF year ago, in important
departments of trade from 10 TO 20 per
cent greater. In the West manufacturing
plants are busy and labor is well em.
ployed. Higher wages, large payrolls and
great activity In industrial lines mark the
progress OF events I'm the Pittsburgh dis.
trict and stimulate all branches of bus,.
ness In that section Labor conditions az
some New England centres are still dis
turbing factor. a steady demand for
cottons and woollens and enhanced cos.
of raw material make for a further hard
ening I'm quotations. Scarcity Of labor and
interruption through strikes restrict pro-
duction and cause further delay In de-
liveries. Some little additional business
Is noted IN footwear, but the trade Is still
delaying the placing Of any considerable
tive. and some large purchases have been
made In the New England markets. Hides
are also in greater demand and prices
tend higher. Trade in the South and
Southwest still marks time. Inactivity
and slow collections in that section are
customary at this season--the critical
period for the cotton crop-but the prog
ress of the week has been quite salts
factory. With industrial activity In the
largest trades assured. agricultural pros
lions sound, there is less concern regard
Ing those economic and social problems
which have I'm the past served TO unsetus
business confidence and enterprise.
widening spirit Of optimism is srOw .,,:
OF the fact that this is a Presidential
year, when ordinarily some reduction ID
the volume of exchanges might be ex-
pected. Bank clearings this week MAKE
a favorable comparison. the gain over
both preceding years being and 1913 per
cent, respectively. Foreign commerce FOR
the fiscal year established a new hisn
record. at 1857. 10000. Exports and i'm
ports were both in excess OF previous rec
ords and the former surpassed imports
by nearly S5l.o00.0o0.
There has been little falling of in orders
for finished steel and output continues
heavy despite extremely high tempcra-
lures and shortage Of labor. Premiums
are being paid In many Instances 10 Sc
cure prompt shipments, yet Jo5bers sls
far behind with deliveries. Scarcity IS re-
ported I'm steel billets and urgency u
shown in obtaining plates and shapes IN
advance OF 81 a ton has occurred on an
nealed sheets, while new price schedule
calls for an increase OF y ton on nlacS
sheets and s. on galvanized. Excellen'
crop prospects have, stimulated the de-
mand for wire. and production is on
considerably larger scale than last year.
Pig iron shows frmer tendency in sew
eral directions and sales during the week
include 5000 tons OF Bessemer iron taken
by the leading interests at 81 valley.
In the Pittsburgh district two blast FUR
naces have gone out for repairs as re-
suit OF the recent heavy operations
Stocks OF coke have accumulated, no.
withstanding curtailed production.
More buyers of drygoods have been IL
tho market this week and have operate'
conServatively. but steadily. in both cot
tons and woollens. Drills, sheeungs, pm,
cloths and convertibles are very nrn anu
are now quoted on as high basis az =.
any time this year. while staple ana dfess
ginghams, tickings and denims dlsplsy ~,
creasing strength. or looW pieces y.
print cloths sold at Fall River last Ws."
about one-third were for spot delivery,
and total stocks of all kinds OF goods a'
that centre arc less than eSOVW pieces
Export trade, except with the tar East,
ern ports. Is good. although some sn Esn
sales were made for China and Red 81 Sc
shipment. Higher prices appear ineutape
for dress goods. which makes buyers con-
sentative regarding placing forward nusi r
ness, but the larger corporations are VIC. We
supplied with fall orders, with dupueaS
business In some lines coming for"HSS
freely. Worsted yarns are very nrn, ans
while cotton yarns show somewhat moas
strength trading Is still In limited VOLUME
II is now possible to note some l!npIoNs
ment in the market for footwear. tne "a
nuals fair at Boston having peen Nis nr,s
by numerous buyers who placed sours ,
contracts before their departure Lo.; n.
trading Is not very active, but some IA
crease Is noted In certain quarters az
wholesalers report fair influx or oIosi
from retailers during the last week, 20 nas.
Of leather are heavier, especially AZ ~.
ton, where demand was stimulated oy ~. ns
fair. Sole leather Is notably firm, SOM
varieties advancing one-half TO one I'D I'D
Large sales of union backs are repor'eo
Hides are even flrmer than a week 90
and several advances have been seeos.
In domestic packer and country e' nj,
also I'm Latin-American dry NOES ,bs
caEo packer native steers sold up to, w
unusual price of IS cents for July sait, nrs
and short-haired country ouns n,.
brought IA cents. One feature or inc ,,,,ss
ket is the clearing out OF large .nith
a number of packers making saes ~
these covering a period from the nfs ,syy.
last February to the first OF next Januaxi
The violent break I'm wheat car Irr'
prices TO the lowest point OF the seaso,.
Northwestern crop advices were va
trench optimistic and thrashins retulxS
in tho Southwest surpass earlier Van
pectations. These influences more tn ,n.
OFFSET a further reduction In visible SUI
plies and smaller offerings by surplus re nS
tions. Western receipts OF wheat Wy,
week Of 3,Sls.203 bushels compared W., w
s.23T OF a year ago, while exports lr"s
ali ports of the United States, Hour ~
Guided. were 1.N5.336 bushels, aSrsd
1850. 3Ol In 1911. Corn followed the m
OF the costller cereal. although losses We'll Ell
less pronounced. The crop is DOING w
throughout the country. Arrivals OF Or cV "a
at urinary markets this week OF NO.
bushels contrasted with 2669. 2O2 last "a
and Atlantic Coast shipments were es,cT.
bushels against T.l37 In the earlier ps. IN.
Cotton was decidedly Irregular, WIN ~
timent more mixed. Showers we,r,uch
benefit to the crop In Texas. but TOO wv
rain has fallen in Georgia. ar
liabilities of commercial failufssse ~ I.
.TuIy TO date are $St44.0S0. OF when IS N
500 were in manufacturing, 1905
trading and $l63.S5l in other commsSsS 50
lines. Failures this week NUMBERS. .sr,
in the United States against 100 last ssvssi
and thirty-seven In Canada, conp.
with twenty-five q year ago