The Kendrick gazette. [volume] (Kendrick, Idaho) 1892-1968, 1913-03-21
GENERAL TRADE CONDITIONS
Business Indications Look Highly Fa-
vorable.


Dun's Review says: While there
is little speculation in any market,
the activity that has prevailed for a
number of months past in the impor-
tant industries and trades continues
undated.
Railroad earnings during the four
weeks of February increased 4 per
cent as compared with the same
period last year. Other February sta
tistics were generally favorable.
The average daily pig iron produc-
ton in February exceeded that of jan
uary, a conclusive evidence of the con-
tinued activity in the iron and steel
trade. The textile trades are expert
encing a continued large demand. The
clothing strike is in the process of
settlement and arbitration of the i'm
portant dispute between the eastern
railroads and their firemen is to be-
gin next week.
Winter wheat conditions are very
encouraging. The security markets
have been, on the whole, more set
tied.
The Financier says: The exact po-
sition of the New York clearing house
banks at the close of the week ended
March s could be determined to bet
ter advantage If definite knowledge
existed as to how much of the Sc, OOO,-
900 of current gold imports counted
in the weekly return. The report Of
the banks based on actual condition
shows that the decrease in specie and
legals during the week was $4,367, 900.
Tho nrnlfv,o " IVY vntrrr S-Is0n%ol n
drift Of interior funds to this center,
so that the loss of gold on export ac-
count probably figures to some extent
in the statement.
The banks succeeded in %offsetting
the loss of cash, SO far as the reserve
requirements are concerned, by a
drastic reduction of $23,510,0OO in
loans, which in turn brought about a
shrinkage of $23,546, 900 in deposits,
thus decreasing reserve requirements
to an amount approximately equal to
the loss in cash. AS a matter of fact
excess reserve ose 1854, 900, making
the present surplus above the rs per
cent minimum So, 374,25O
A continued gold export movement
will, of course, act directly on the
New York bank position and on
money rates.
Bradstreet's says: Spring trade is
healthy. There is quite a little book
ing of far future business, though
buying in this respect is tempered to
an extent by the prospective tarin
changes. Wool is quiet and prices
rather weak. Industrial operations
proceed at a. active pace. Outdoor
work has been conducted without
pause throughout the winter season.
The market for flour appears to be
overstocked and flour milling in the
northwest is q~uieter. Specifications
for finished steel are unusually heavy
and the industry as a whole is work
ing at a high pressure. Copper has
improved a little owing to foreign de-
mand.
Winter wheat conditions are favor
able and southern operations are for
ward for the low planting season with
prospects favoring an increased cot
ton acreage.
The railways are busy with miscel-
laneous shipments. Money is firmer,
demand is active and banks are close
ly loaned up. Stock market opera
tions are characterized by dullness
and more or less heaviness, the chief
factor being the unsettled condition
of European money markets.
Business failures for the week end
ing March 6 were 259, which COM
pares with 2s7 in the like week of
1912.
Wheat, including flour, exports from
the United States and Canada for the
week ending March 6 aggregated g.
6s9,O7s bushels, against 4,SOO,1s3
bushels last week and ~1.s99,227
bushels this week last year