Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1913-04-25
GENERAL TRADE CONDITIONS
New York Banks Gain in cash-Trade
is Quiet.
The Financier says:


The Financier says:
The chief point of interest in the
statement of the clearing house banks
of New York for the week ended April
19 was the gain of $5,950,000 in cash
This was a 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 $46S1 $50, bring
ing the present surplus above the %
per cent minimum to $14,904, 45O.
Loans were decreased by $1,216,000,
and deposits, partly in consequence of
cash receipts, increased $2,413,000.
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 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 a permanent setback in
business.
An encouraging development of the
week was the very favorable report
on the condition or winter wheat,
which is far above she average. Bank
clearings this week were 5 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 a falling off from February,
while the steel corporations untitled
orders at the end of March were 1S7,-
75S 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 a
total trade in and out of $3s, 1s9 .413
against 36,227,7 no last year and S34,-
4Ss,s72 in 1911.
Bradstreet's says:
Trade is irregular, ranging from
slow to active, accordingly as points
of primary or final distribution are
considered. For this weather irregu-
larity, effects of past or prospective
overflows, and last, but not least,
tariff agitation, are varying respon-
sible. Best reports came from the
north west and the North Pacific sec
tons. From this they shade down to
fair in the uper 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
operations have been checked by
rains or sonws. Jobbing trade for the
current season is quite active but
further trade for distant deliveries is
still closely restricted to conservative
limits. The one important crop now
growing-that of winter wheat-is In
excellent shape.
lrregularity was shown in the Sc
curities market, sentiment being adj
versely affected by the successive an
nouncement of several large issues of
new securities by railroad corpora
lions.
Business failures for the week
ended April 10 were 213, which COM