Elk City mining news. (Elk City, Idaho) 1903-1913, 1913-05-01
GENERAL TRADE CONDITIONS
New York Banks Gain in Cash-Trade
Is Quiet.
The Financier saws:

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 $5,950,000 in cash
This was little larger than antici-
pated, and since the changes in the
other items affecting reserve were un-
usually small practically all the cash
increase went to swell surplus re-
serve, the extension in that item for
the week having been $4,6S1, $50, bring
ing the present surplus above the 25
per cent minimum to $14,904,450.
Loans were decreased by $1,216, 900,
and deposits, partly in consequence of
cash receipts, increased $2,413,O
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 a great ex-
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 is reported at many points. The
readjustment of the tariff, now in
progress, produces more or less hest
tation in some trades, but in spite of
these unfavorable factors there is no
indication of permanent setback in
business.
An encouraging development of the
week was the very favorable report
on the condition of winter wheat.
which is far above the 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 no
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 off from February.
while the steel corporations untitled
| orders at the end of March were 1877.
1853 tons less than at the close of Feb.
ruary. The copper situation has i'm.
proved materially. Better weather
favors building operations.
The dry-goods markets are expert
encing steady, though quiet trade
Lumber shows steady Improvement
Foreign commerce maintains it's i'm
posing dimensions, statistics for the
latest week at New York showing q
total trade in and out OF $38.1s9 41s
against $36,227,770 last year and s34.
4S8,872 in 1911.
Bradstreet's says:
Trade is irregular, ranging from
SLOW to active, accordingly as point,
OF primary or final distribution arr
considered. For this weather trree1
larlty, effects of past or prospective
overflows, and last, but not least
tariff agitation, are varying respon
slble. Best reports came from tn,
north west and the North Pacific ser
lions. From this they shade down 7,
fair In the uper Mississippi valley an,
the southeast, while in the east th,
primary textile goods markets are re-
ported in waiting state and some q
them much unsettled with little doin,
pending clearer views of possihl
tariff changes.
viewed from another angle. It ma,
be said that retail trade and farmin,
lODerafiOng havo boor