OCR Text |
Show ;;,COUNTRYJMPROVES Says Dun's Review of Week Closing J'n) 28th Outlook Is Brighter. Thoro him been a distinct Improvement Improve-ment (i tho two directions In which tho progicas of business contraction has been most pronounced. This has contributed notably to tho growth of tonfldence without which nctfvo enterprise en-terprise is impossible. Tho largo activity ac-tivity In Jjon nnd steel, shared to some extent by tho other Industries, tho bettor feeling exhibited In tho financial nmrtfc'ts, and tho Increased confidence confi-dence resulting therefrom, nro the threo most Importnut developments of tho week. The successful placing of tho Now York City bond Issue nt prices nbovo par, with heavy sub bcrlptlons, has had a favorable offect upon financial sentiment and Imparts added strength to tho Investment situation, sit-uation, whllo tho marking down of tho Hank of England rate to 4 per cent. Is a development of promise The bettorment In Iron Is chiefly In finished products, tin plate, wire and structural materials, tho pig Iron situation sit-uation showing llttlo or no change. The dry good market Is also exhibiting exhibit-ing tnoro encouraging aspects In various var-ious lines, nnd tho outlook Is thus mora, favornblo ,ln splto of the difficulties diffi-culties of adjusting prices to tho cost of production. There appears a broadening broad-ening tendency In. wool, whllo thtjIjTo-mnnd thtjIjTo-mnnd for loathor'nnd hides hasjiyso Improved. It, Is noticeable that ,theso better reports como from no one1 locality lo-cality but from most of tho leading trade centers. While these Improve, ments In tho business sltuntion dtPiibt niter the fart that tho volume of tKOde Ik still much below tho nvcrngo pio-ductlvo pio-ductlvo capacity, yet tho Indlcjijtljma of recovery from tho recent contraction contrac-tion ni o very welcome and encouraging. encourag-ing. Tho winter whent prospects show betterment and tho grain maxket lands downwnrd. Hullioad earulligs.ln two weeks of .lanunry gained .4.3 par cent. Hank clenrlugs outside Now York show a loss of 3.0 per cent. n cempnred with 1910 but a gain of 13.' per cent, as compared with 1909. In Now York thoro was n decline ;of 2C.C per cent, ns compared with 1910 nnd n gain of 9,2 ns compared with 1909. Torelgu commerco nt tho port of Now Yoak In tho latest week totaled $2S,OG5,G05 agnlnRt $2G,8G7,313 In 1910 nnd $31,283,598 In 1909. Imports exceeded ex-ceeded tho exports by $4,305.43.5. |