Clearwater Republican. [volume] (Orofino, Idaho) 1912-1922, 1913-04-25
GENERAL TRADE CONDITIONS
New York Banks Gain IN cash-Trade
10 Quiet.
The Financier says:

10 Quiet.
The Financier says:
The chief point Of interest IN the
statement Of the clearing house banks
Of New York for the week ended April
10 was the gain OF : 5 ,95O,OO0 III cash.
This was q little larger than antici-
pated, and since the changes IN the
other items affecting reserve were nm.
usually small practically al the cash
increase went to swell surplus re.
serve, the extension In that item Tor
the week having been $4.6S1 $50, bring.
ing the present surplus above the Is
per cent minimum to @14,0O4,450.
Loans were decreased BY 41,216,0OO,
and deposits, partly in consequence Of
cash receipts, increased @2,413,0O0
The banks In consequence Of re.
ceipts from the interior and also be.
cause Of cessation Of gold exports are
in . very comfortable position at pres.
emit, but the immediate future Of the
money market depends to . great en-.
tent on the amount Of money which
the interior Will draw from this center
as the spring season advances.
Dun's Review says:
General trade is quiet at the time
being, many railroads and industrial
centers not having as yet fully recov-
cred from the effects Of the western
floods. Satisfactory progress, how.
ever, Ii reported at many points. The
reimbursement OF the tariff. now IN
progress. produces more or less hest.
tation In some trades, but In spite Of
these unfAvorable factors there Ii no
indication Of q permanent setback In
business.
An encouraging development Of the
week was the very favorable report
on the condition OF winter wheat,
which 10 far above me average. Bank
clearings this week were s per cent
under those Of last year, but 81 per
cent above 1911. The prevailing dull
ness in the speculative markets mo-
doubt accounts In part for the de-
crease. Railroad gross earnings In
March were SIS per cent better than
last year.
Pig iron output during March
showed = falling OF from February,
while the steel corporations untitled
orders at the end Of March were 1877
75S tons less than at the close Of Feb.
ruary. The copper situation has Inn.
proved materially. Better weather
favors building operations.
The dry-goods markets are expert
encing q steady, though quiet trade.
Lumber shows steady Improvement.
Foreign commerce maintains ito i'm.
posing dimensions, statistics for the
latest week at New York showing 1
total trade In and out Of @3e, 1So,413
against $40, 1921, ITO last year and 334,.
4S8,872 In 1911.
B~radstreet's says:
Trade 10 irregular, ranging from
slow to active, accordingly - points
OF primary or final distribution ara
considered. For this weather irregu-
larity. effects Of past or prospective
overf1ows, and last, but not least.
tariff agitation, are varying respon-
sible. Best reports came from the
north west and the North Pacific sec
lions. From this they shade down to
fair in the upper Mississippi valley and
the southeast, while In the east the
primary textile goods markets are re-
ported In . waiting state and some Of
them much unsettled with little doing
pending clearer views Of possible
tariff changes.
Viewed from another angle, It may
be said that retail trade and farming
have been checked By
rains or sonws. Jobbing trade for the
current season IL quite active. but
further trade for distant deliveries ID
still closely restricted to conservative
limits. The n important crop now
growing-that OF winter wheat-is in
excellent shape.
I~rregularity was shown In the se-
curities market, sentiment being ad.
versely affected by the successive an.
Of several large issues Of
new securities by railroad corpora.
lions.
Business failures for the week
ended April 10 were 21a, which COM