New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-30
TRADE SLACKEMlNG
Future Business Under Re-
straint, but Activity at Points.

10 present a fairly well sustained Condi-
ton but the outlook for future business
was less encouraging. Reports We're con-
hictng regarding the general state Of
business but the commercial agencies re-
view the situation more favorably than
otherwise. "Duns Review" says
There has been some slackening in
retail trade the usual summer dulness
being reported at many points, but whole
sale distribution continues in fair vol
ume. As for some time past buyers con-
fine their operations manly 10 actual
needs, the fast approaching completion
OF the new tariff naturally resulting In
wholesome conservatism M this respect.
crops. now entering upon their most crit
icdl period. have passed another week
with no serious loss from their previous
satisfactory condition. although reports
indicate some deterioration i'm spring
wheat An improved sentiment was
manifest In the securities market abroad,
largely on the prospect OF Il satisfactory
conclusion OF the important financial set
Elements at London and Berlin. COnsum-
crs OF iron and steel have not ceased to
urge deliveries. but premiums have al
most entirely disappeared. and price con-
cesslOne are made IN some finished ma
tcrial departments. Many drygoods job
hing houses are dcfcrring the placing Of
orders for fall and spring until after the
semi-annual meetings OF the wholesale
associations next month. Prices on cot
ton goods are frm, owing 10 the high
position of the raw material. light stocks
and carefully restricted output There
is good demand for spring hosiery and
underwear. but mems Wear mills are cur
failing production Advance contracts
for footwear are not ny to expectations.
although seasouable weather has stmu-
lated the demand for womcns white
shoes. Buying Of leather IL. in the aggre-
gate. Of fairly satisfactory proportions,
with prices hrmer. Packer hides show
renewed activity. as large tanners have
entered the market for liberal quantities.
Railroad gross earnings for the first
three weeks Of june ihowcd an increase
OF 81 per cent. az compared with the
corresponding period a year ago. The net
surplus Of idle cars FOR the fortnight end
ing June Il. however, Increased by 3.Oi9
and amounted IN all Ia b3,t-1 as COM
pared with 6,.7lS a. the same date IN 1871
Bank exchange for the week made a
gain Of o. per cent over last year and
We're 81 per cent greater than IN 1911
Local banking institutions are holding
substantially larger reserves than year
ago, but offerings of time funds are re-
stricted because OF the heavy demands
incident 90 the half yearly settlements
Rates have consequently tended upward
but call loans az, available at lo" fig
urcs. Exports IT New York Tor tho latest
were reported amounted 90 &la.9H.2-7 as
ccmrared with Sli.6eItS .u 1912 and ST.
80. H. 1911. and imports aggregated
Sl5&kIl7. as against yl6Wa5g3 last year
and ylJ.5,s so the year before
Most buyers Of iron and steel are not in
clln,d 20 anticipate future wants, but are
limiting operations 20 everyday require
m,ut. This rs particularly true Of the
rallroads-somc 9f which are experiments
difficulty in carrying out financial plans
and while some inquiry for rails is APP
rarorf rav bridge and cur work has
diminished All .ngulry Tor etV.y tons OF
rail. for rolling carly next year has. been
supplemented by one Tor $500 IONS by
Southern system, on which Bessemer or
on.r-n.arth rails Will be taken. That
,s1syrrrf.ou is Vcu maintained ie .vI-
d.ugca lv tho fact that consumes are
s,uI urging deliveries. and though pre-
r,lu-ns have almost entirely disappeared,
voakrcs. I'm finished materials is con-
fined mainly 10 sheets. wire products and
r.v,ts"
purchases OF drvroods are still con-
aned largely o. actual requirements. and
,.aur Lnbbcrs have concluded 10 defer
the placing % additional orders for fan
and spring until they attend the sem
annu" meetings OF "no'eSa'' "sao, 80
TONS Too '' h''o 3" Ne" '''N
The hIth position oi inc raw '""'o' .''
the Aghi st"'"a j" "'s' ""''"' "'''
carefully restricted output are "S7i'".'
as reasons for The sustained ''','"''s w
cotton goods cl",ns To "e iH"u'.
ar, making I'D" Is"A' itu'1''"'.
'p summer -'''"s '' a. -. tho
many ""'''"'' az, -
'""'"''','' -. - a. no
si'ia. J." ..,u do
'Np'hl' "i YIN. - IT,.
mand' tho s'eaHg 0'a'' us 90 '','...,,,,,,
ne'hE 'h '"'',' az -.,...t,.. ,,,,,,rs
displayed ny J'o"''S 90 '..,. 20.
contracts. ''' ''.' -, 80
mills are l"'I's w." a.. .to,.
her e'I""uS" - 80 b.,pe
a large ""' "''' -, "a ,,,do,-
trdutdHt'u lH HNaf'' '~'''