The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-19
REVIEW OF TRADE.
some Abatement In Activity Due tc
Various Causes.

Some Abatement In Activity Due to
Various Causes.
/ NEW YORK. April lS.-Duns Review
Will say tomorrow,
II While the principal industries and
Trades are still experiencing some abate-
ment of activity as result OF the recent
Hoods in the west and the conservatism
produced by the pending tariff readjust-
ment there is apparently no fundamental
OF permanent change in the situation
The reduction in the Bank Of England
rate OF discount 10 II per cent, the dnan-
nal Improvement in Germany and the
fasier tendency OF money In cur own
markets are among the most favorable
OF the week.
II Moreover, winter wheat conditions are
,Fll that could be desired foreshadowlng
ID very large yield, and whila seeding Of
&pring wheat has been some what de-
jaycd by the recent wet weather, cotton
Wanting is progressing favorably. These
factors account for the feeling of conf
Hence which generally prevails in mer-
fantle circles in spite OF the reduction
IN current consumptive demands. THIS
,Teduction reveals itself in the statistics
'pf bank exchanges, tie volume OF which
his week decreased 81 per cent from
last year, though the total was 22.3 per-
1tent higher than in 1911. Railroad gross
Meanings declined @.@ per cent in the
IPrst week Of April. due mainly to the
,feduced traffic on tie southern and other
railroads affected by the floods,
y The steel trade has not yet fully re-
lowered from the effects of the food dis
stster and the declining price tendency in
pig iron is more pronounced
Il Copper is frmer In the dry goods,
sstrnde purchases for current needs are
1frye, but there Is little anticipation OF
Juture requirements.
" Foreign commerce maintains not so
large proportions and al the port OF New
: York In the latest week aggregated s40,-
{ss297. against s59,5Si.tl5 In 1912 and
in
y Commercial failures this week In the
3pited States. as reported by r. c. Dun
E Co, are 295. against 3i0 last year.
xFailures in Canada number 27,
NEW YORK April s-Bradstreets
viii say tomorrow;
NJ Better weather. excellent winter wheat
trop reports, renewed activity by farm
NODDED districts of the central west and
q more reassuring outlook In the lower
mississippi valley are the leading favor
astbie features OF the week, Over against
this must be set the increased promi-
1Hence of tariff discussion particularly
uihs regards the teytile industries In the
efontnuapce OF a degree OF stringency in
Lpcney; despite more evidences OF easing
10th at home and abroad On balance the
Mutation presents fairly favorable po-
Yet weather by sunshine and warmth
nas made for more active retail trade at
Hucst points. Jobbng trade for imme-
ItI1ate spring and summer months is still
Hlrly active. and the arrival of season
Mtple weather makes for enlargement Of
b4ctlvities in myriad OF lines connected
p1F1tl1 production and consumption. Even
d ~ lines supposed likely TO be vitality af-
dEcted by tariff changes the feeling Is
a4}iat II is best to have the matter over
@nd done with: and there Is rather less
rzuIfan the usual fear OF foreign dumping
- domestic markets. partly because OF
odNcfIye trade in Europe.
al The stock market sentiment is unset
LED by the developments in the invest
ra1eut situation. The offering OF an isgtie
- ~ per cent St. Paul railway bonds
eM3f below par and the merely partial fill
ntrg OF the subscription are deemed lrdica :
aNyre Of the restricted demand for such
tYPcnr1ties and the relatively high return
ne public REQUIRES at present.
10 Business failures for the week ending
,a Hpril II were 200. which compares witt,