New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-10-14
EVERY BRANCH ACTIVE
Commercial Agencies Report
Broad Business Expansion.

excellent, tnere seeihs W nc SVh'iluVu9
=, ,-ovement in trade conditions in all
,ort, Of the country and all lines of trade.
IN their trade review for the last week
p G. Dun & Co. say:
81, every section and I'm every branch
=, trade activity in production and dis
,-1hytion now prevails. 1t is notable that
=. che principal trades, and especially in
-, and steel, actual buoyancy appears,
"a the demand is so keen that it tests
49,, csnacity OF productive and transport
a., facilities Shortage Of cars and labor,
- IN some cases even shortage Of plant
..rscity, are now the most embarrassing
s.,lsns confronting business men, and
.,,d.s these difficulties the controversies
"a ,s.ues which are the offspring Of de-
~r.ss,on and which not long ago seemed
- ,,,irous are now viewed with dimin-
s,,i,s concern. The enormous yield OF the
,r,,c,rsl crops, confirmed during the last
,yeek nv the latest government report
showing record breaking yields of spring
,,hsat corn oats, barley and potatoes,
and big crops Of other products, Is the
Ios,s alike Of present Industrial and trade
.o,,,1tv and OF the growing confidence as
- tbe future. Even the outbreak Of war
% Europe creates no uneasiness on this
"a. NJ the water. In iron and steel the
vaoord continues that Of a demand for
rrorpt delivery outrunning the capacity
., the mills. The railroads are buying
L..,5lv for their transportation facih-
,,.. must be expanded in order that they
nav be able TO move the unprecedented
crops and carry the traffic Of a thorough
,,v awakened domestic commerce. Rail-
rosd Eross earnings in the month or Sep
t,mbsr increased sc per cent, and even
,b,s gain hardly represents the actual ex-
..,,,on IN trade. The bank cleartngs
,,ore adequately show that in the current
r.sE they increased 446 per cent over 1911
md as over 1910. Larger sales In dry
goods. both wholesale and retail expan-
,on in the shoe trade and improving con-
di,ions in other branches supplying the
main daily wants OF the people are re-
nortsd In the advices from the principal
cities Of the country As against this
should be noted a diminished consumption
and increased surplus of copper, accord
ing 10 the September statement. Il is
Noteworthy that along with the revived
activity in domestic trade foreign COM
nsrce continues Of large dimensions. the
,otsl commerce Of the Port OF New York
4, the latest week was 1880 500, against
e. s41S2 last year. and Of this gain
considerable proportion was in exports
which amounted to $19155,2lo, against Sl7,-
1875 last year.
T "The most notable development OF the
week was the extraordinary crop report
the terms Of which makes certain that
the product OF the farms this year VIII
surpass. both in volume and value, any
thing ever before witnessed in any coun-
try and in any period of history. Not only
will the WELD of corn be unprecedented,
exceeding 100000 bushels, but oats
spring wheat and barley all establish new
records, and other crops are IN bounulul
supply. The nine principal harvests are
worth over S3,5OO.0OO, 0CO-a stupendous ad-
dition 10 the nations wealth-and the
other farm products will add another Ike
amount. In the speculative markets this
week grain prices were depressed by the
official returns, although showing strength
earlier because Of the political situation
abroad foreshadowing war. Western re-
eeIpts Of wheat this week were llia9,55
bushels. against SAP, Ts4 a year ago, While
exports from all ports of the uniteu
States, -four included, of 4Ol2,299 bushels
compared with 1904, S92 in 1911. Arrivals OF
32l5.2l7 bushels Of corn contrasted Win
e52.SSs last year, but Atlantic Coast snip
ments were only 24,034 bushels, against
eI377 IN 1911 Cotton broke into new 10"
ground FOR the present movement, good
weather. large receipts and the disturb
snce in Europe being chiefly responsible
In the iron and steel trade the only
report possible is one Of continuous eH-
pansion The demand is rising above the
point Of full capacity unchecked by ad-
vancing prices, and the difficulty now Is
to secure prompt deliveries. The prevail
Ing car shortage increases this difficulty
especially as II 10 most pronounced In the
coke and coal fields, with consumers or
fuel clsmoring for supplies. Actual Duoy-
sncy marks conditions in pig iron, ana
buying Of steel materials is running ahead
Of capacity. Quotations reflect an upward
tendency and premiums are readily paid
fer immediate shipment. Orders on the
books Of the mills are plentiful, with some
Of the business extending over the first
quarter Of next year. Further emphatic
evidence OF the pronounced improvement
In conditions is furnished by the latest
statement OF the leading producer, which
shows an additional gain OF 3S8,l32 tons in
unified business during September. Rail-
road demands give promise Of continuing
al gratifying rate. Rail requirements
are heavy and orders for 1900 cars have
Just been placed"
"Bradstreers" review Of the state OF
trade contains the following
War talk is still the stimulating ele-
ment in the cereal markets. Large re-
eeipts early were drag on prices, but
the outbreak in the Balkans caused rise
On short covering of cents, which was
partly lost by rather bearish govern
nsnt report on spring wheat Corn SYM
peehized slightly with wheat, but the
eain was small as was the advance in
ma, both OF these cereals being affected
y the governments bumper crop esti-
mates and showing a decline later A
good export demand for wheat and oats
was reported, and clearances Of the for
mer we're the largest in four years.
With the advance Of the season to It's
close, consideration Of crop outturn tends
10 become more essentially matter or
statistical interest. In line with this Is
me government report OF this week.
showing bumper yields OF all crops eK-
eept winter wheat and tobacco. There