The Washington herald., 1907-08-03

New York, Aug 2.-R. G.. Dun & cos
weekly review OF trade tomorrow win
say:
Trade reports from the leading cities
are singulariy uniform in making favor
able comparisons with the corresponding
in any previous year At least Western
and Southern points the Improvement III
crop prospects has brought out liberal
fall orders. and there is evidently more
confidence in the future than at any time
since it was found that many Of the prin-
cipai farm products had made a bad start
"Jobbing houses are preparing for
winter trade on a scale seldom equaled,
the consumption Of seasonable goods
promising TO deplete stocks most salts
factorily. Manufacturers stn receive or
ders in abundance: few clothing cancella-
tiOns appear, and It is the exception when
plants have smaller contracts than year
ago. More detailed reports for the first
half Of 1907 add to the earlier testimony
that all records for six months We're far
surpassed.
Cotton Mills Busy.
vigorous activity continues at cotton
mills. prices being fully sustained by the
volume Of orders on hand. the high quo
tatiOns Of raw cotton. and confidence in
maintained consumption. In few
weeks the jobbing markets viii be visited
by interior retailers, and Western houses
report that purchases have not been sufii-
cient TO cover expected requirements.
Wheat has the support Of increased
| foreign Interests and smaller arrivals at
primary markets. The visible supply IS
large, but consumers viii probably need
much of the old wheat that Is still ia
/ the hands of the farmers. and It comes
/ forward very slowly.
/ Commercial failures this week Ia the
/ United States are; IS2. against 2l5 last
week: 1S2 the preceding week. and $50 the
/ corresponding week last year. Failures
/ IN Canada number %, against % last
week; 20, the preceding week, and l6 last
/ year OF failures this week ia the United
states 53 were IN the East =, South
/ 81, West. and Il in the Pacific States, and
/ IS report liabilities of $500 or more.
/ Liabilities Of commercial failures report
ed for July are Sl2 3347l0 compared with
/ S69l0.6l4 a year ago
! BradstFeet's Report.
/ Bradstreets review VIII say:
Crops, particularly corn and cotton,
1 have shown further Improvement; there
Is freer buying for fall at leading South
/ western markets. at a few Central West
are expanding, and there is evidently a
/ more optimistic feeling as 10 distributive
trade generally. based upon the active
trade done OF late al retail. Relatively,
/ most activity is noted in the larger South
western markets. AT a few central west
ern centers. and at the larger Eastern
! cities At the South, midsummer quie;
rules. except at infrequent intervals
! In some lines OF wholesale trade, such
as cotton dry goods. the activity mani
/ tested is stIu notable, considering the Ions
/ spell Of preceding buoyant buying, but
other lines display more quiet; and in iroI
1 and steel. while production Is OF TecOrC
proportions and orders ahead are heavy
new buying Of both crude and finished
/ products is less active than a year ago a
this time. with price concessions mor'
/ readily obtainable.
IN the East. business In foundry pis
iron has improved little, but on tn
whole the markets re1is:less, and prices
! have worked lower both for spot and for
ward deliveries. Bessemer pig is lower
/ although the leading interest has pur
chased about 14o5o tons in the Pittsburs
district. or practically all OF the available
/ supply there. Structural material is il
fair demand, but a number Of cOntracu
are being held Up on the theory tha
price concessions viii be made by tn
| sellers. New business in steel rails il
fairly good, though activity is confined Il
Chicago"