Elk City mining news. (Elk City, Idaho) 1903-1913, 1913-04-03
GENERAL TRADE CONDITIONS
Trade, Crop and Industrial Reports
Continue to Be Reported
FavorabIv


Favorably.
Bradstreet's Review of Trade says:
Trade. crop and industrial reports.
continue to present favorable aspects
and although some textile branches
manifest more or less concern about
the effects of the future trend of tar
if conditions the general situation
throughout most sections Of the coun-
try is characterized by good consump-
tive demand.
Reports about winter wheat are in
the main favorable, and preparations
for new crops are going forward. The.
grain movement in the northwest and
corn belt is heavy, but elsewhere it
tends to recede. However, an early
and heavy movement down the lakes.
is indicated.
Demand for moneys is active. rates.
are firmer and tension oversee, togeth-
er with domestic wants incident to
spring farm work and forthcoming
settlements will make for continued
high rates.
Stock market operations, character
lied by weakness of new industrial
stocks and a number of bonds fol-
deficient buying with the general ten
dency to back and fill.
Business failures for the week end
ing March 10 were 2S4, which COM
pares with PAL in the like week of
1912. There were "a failures in Can
ada.
Wheat, including flour, exports from
the United States and Canada for the
week ended March 10 aggregate 2,731,-
SAT bushels, against 3,SS9,507 bushels.
last week and 2,322,056 bushels this.
week last year.
The Financier says:
The clearing house banks of New
York made an Unexpectedly good
showing for the week ended March IS,
the statement based on actual condi-
tons having revealed a gain in sur
plus of $5,S63,2O0 This strengthening
of reserve was brought about by
continued process of shifting loans to
outside institutions, the decrease in.
that item for the current week having
been $22, POI 900. This was RESPONSE
BILE in large part for the reduction of
5000, 900 in deposits and as de-
creased deposits, of course, mean
smaller reserve requirements, the
gain in reserve is easily accounted
for
So far as actual cash position is
concerned the banks gained from the
interior but lost heavily to the sub
treasury. The net results of the week,
however, seem to have been almost an
exact balance on these two transac-
tons The banks report a decrease
of only $1S6,000 in cash holdings. The
present surplus above the 25 per cent
minimum stands at $9,237,45C. as
against less than half that amount for
the week previous.
Dun's says: Business activity is
steadily maintained and in some lines
shows an increase, although senti-
ment continues to be conservative, es-
pecially as regards speculative tran
sactions. The international money
markets are slightly easier as the
outlook for peace in the Balkans has
improved and the German position
has been strengthened by accumula-
lions of gold drawn in part from the
United States. Weather conditions
were responsible for some decrease
in activity in the shoe trade, but the
whole retail distribution is large and
the spring outlook is favorable. New
building operations are increasing as
the spring approaches and dependent
trades feel the benefits.
The textile industries and dry goods
distributing traders are in a whole
some condition. While there has been
some shading of the price of wool, the