New-York tribune., 1913-05-26
AVERAGE TRADE FAIR
liriT Uncertainty Weight on
Future Business.

Tie reviews OF business by the COM
1 -srcal agencies for last week give re-
CTS Of a considerable volume OF busi-
,,s in various lines 10 meet the immedi-
IL want, but future commitments are
,ansr. owing 10 the apprehension re-
aFling tariff changes. "Dun's Review
tnments as follows:
The volume of business in nearly all
| ginchts of trade and industry continues
ny large but II Is mostly % meet I'M
| ,siiate needs Confidence is sustained
the prospect OF big crops. but maui
i,iuTtrs AMI merchants sull pursue n
.isTyatiye policy. pending the terminal
.ol Of tariff uncertainty. Such recession
/, trade Is exists Is chiefly ia the ab-
: 'ace Of ncv orders for future delivery.
t.'csntile and Industrial conditions arc
Htngthened by the absence OF Large
! Foeks, ard the financial situation is made
'ols secure by the absence OF eXcessile 2
Ttculauon Whilo cold weather has
HHed 10 delay planting in some sections.
TO- conditions for both spring wheat
~ corn are. in the main. very auspicioHs,
" cotton shows Improvement. This
t'es 10 make business sentiment in -he
vest ana South very cheerful The iron
&c steel mills continue fully occupied
Cling old orders. but there has been
harp falling Of in the volume Of new
shess. Pig iron IS depressed in pric-.
= hnshed products are Grmly held, and
'ds is gratifying absence Of cancel
tl9nS. The textile trades continue on
',ieryatiyo basis. but both wholesale
20 retail distribution is fairly active IN
NN departments. Worsted mills are
a'aer working on old orders or with
'<ns only partly M operation. The shOe
ace Is expected u show some improve"
'shi when the weather becomes more
'ued. Betting leather is active. while
'ekeF hides are in better demand and
1mer In tone. Railroad gross earnings
q The hrst two weeks Of May increased
=" per eent. Bank exchanges this week
'-OS loss Of C7 per cent. rs compared
'''h The same week last year. but gam
10 per cent over 1911. Foreign com
-''ee continues TO expand, and April
uporE were 100000 larger than last
s'e' and over SJJ,OO0,o0O in excess OF i'm
s''N During the latest week the exports
sen New York were slS3i4547. against
.~AAiSs last year and sl7Js2, AZ in 1911;
~ Inc imports were $lS.6l3.5l6. against
~x"'si0 last year and 2l4977.9r IN 1911.
assumption Of iron and steel products
'Nn remarkably heavy. but in contrast
- volume Of new business is small.
Se4ncatlons. however. continue at a
s~O rate, and sentiment i'm the West Is
eheertul, largely in response 10 the
.snaio crop outlook. Absence OF can
sNuons is a favorable indication, and
I.''hed lines remain upon a substantial
-, depression in prices being confined
S'hiy to pig iron. In the latter depart
49," 'here is more or less uncertainty.
- hesitancy is shown In placing con-
t~ Tor third-Quarter delivery Foun-
~. "on has declined TO $l4 - and si4 %.
,eH while Bessemer is nominaily 3l7
-, oasic N5 %, Valley. The market for
49,. ' metals IS also rather unsettled
.. consumers inclined TO ask conces-
a, 80 from quotations named by dealers
a. we mlaimum. Fair orders are received
A.. structural material. and reports OF the
~, n,spDsarance OF premiums for early ship
,.. e are not uniform. Crude steel shows
SEQ strength. while price cutting on
49," Is less evident and tinplate main
nigh rate OF activity.
|, 'aastreet's" COVERS the field briefly
~. ~e extract here published.
oificult TO find q keynote that