The Washington herald., 1907-02-09

New York. Feb. S.-Bradstreets viii
say Tomorrow:
First effects of the past weeks wide
spread winter weather have been to dull
trade at most markets. to quiet spring
demand, retard collections. ana in sec
tons accentuate the already congested
railway situation Taken as whole. the
business booked by wholesalers for Jan
uary and the elapsed portion OF February
Is fully equal to. and, in some markets
and staples, notably cotton dry goods.
lar in excess Of last years large bust
ness
Building activity has been checked by
weather conditions. but while some cities
report dulled markets for materials, 9TH
ers report the lumber markets strong.
Failures were few for January. cIeariugs
were next to the record, and prices of
staples, as of February /. were at the
top The winter wheat crop has been
benefited by heavy snowfalIs as far south
as Tennessee.
Money Market Il Better.
Money is easier. commercial paper is
more fully taken. and the security. grain.
and cotton markets are all higher. Bank
clearings are larger than last week but
are below those of a year ago. Bank
clearings in January were next TO the
largest ever recorded. the high water
mark having been touched in January,
1896
Pig iron is easier on business for fu-
ture delivery, the indications I'm this re-
spect being most marked at Eastern cen
ters. Orders for steel rails are moderate.
trolley lines figuring as the largest pur-
chasers, while the placing of some large
orders has been deferred owing TO the
money market conditions. Statistics of
shoe shipments from Eastern centers
bear out past reports OF conservative buy
ing or shoes from manufacturers for
spring delivery.
Monthly Statistics Favorable
Monthly statistics of failures, bank
clearings. and prices are in the main
very favorable. There were fewer fail
ures in January than ia any correspond
ing month for fifteen years past. but LA
bilities, swelled by some suspensions in
the steel and wire business, were tho
largest for any January since 1897.
Cotton future prices struck the low
point of the year on February .. on liqu-
dation, not unconuected, apparently. with
the easing OF stocks, but this week the
course of values has been steadily up
ward, with a net gain of about 4 cent on
old crop and of Is points on next sea-
soH."
DUn's Weekly Review.
New York, Feb. Sums Review will
say:
severe storms restricted new business
in many sections during the past week
and increased the delay in making de
uyeries on old orders. Manufacturing
plants operate at fun capacity i'm the
leading industries. although there are
complaints OF fuel scarcity. Real estate
transactions and building permits promise
much structural activity later in the sea-
SON sustaining prices OF materials.
The difficulty OF placing securities has
tended TO retarj railway extensions some
what and new contracts for steel rails
are not coming to the mills as rapidly as
IN the closing months Of last year.
Aside from few upward price move
mcnts, there is no change In the cotton
goods situation New England manulac-
tuners of footwear report liberal de-
mand from Eastern wholesalers for sup
Elementary spring lines.
January Railway Earnings.
More speculative interest has developed
IN the wheat market, encouraged by ca
bled reports Of heavy home needs for
Russian wheat in relieving the famine
and increased inquiries by exporters.
Railway earnings thus far reported for
last month exceeded those Of january.
1895, by SO per cent. while foreign com
merce at this port alone for fbe Ts s+ vraz-r
showed a gain Of S91. So in imports and q
loss OF S. 032.l95 I'm exports
Commercial failures this week in the
United States are 2l3, against 2s5 last
week @0 the preceding week. and 20 the
corresponding week LIST renr-