The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-08-10

New York, Aug. 9.-Dun's review to-
morrow will say:
'Jobbing trade In fan and winter goods
is active at the leading cities. country
merchants being in large attendance and
operating freely as a rule. Retail sales Of
seasonable merchandise are LIBERAL al
though at some points customary mid
summer quiet is noted. While payments
are somewhat irregular, mercantile coIlec-
tons show distinct Improvement on the
whole. a few labor disputes are pending,
but there is little interruption in the lead
ing industries. most manufacturing plants
working full time and holding orders that
promise continued activity Commodity
prices are lower. especially in cases where
speculative imitation existed. favorable
weather having greatly improved crop
prospects.
New business in the iron and steel in
dustries is light and some quotations Of
pig iron are lower, bat wtre and wire
products have become firmer, and many
steel mills are sold well into next year.
Steel rails are in better demand, = liberal
tonnage OF new contracts appearing this
week, and material is sought by car shops
and ship yards.
Textile Mills Well Occupied.
Textile mills are well occupied. except
where the strike has interrupted the silk
industry in Pennsylvania. The cotton
goods situation is featureless. as might
be expected after the extensive purchases
OF the past few months, and the process
OF assimilation Is in order. While # IS
possible that some jobbers or conterters
have provided for more business than will
materialize. there is reason 10 believe that
retail distribution Of normal proportions
Will absorb all the goods now under con
tract.
Commercial failures this week in the
United States ars 49, against 1S2 last
week, Zl5 the preceding week. and ia the
corresponding week last year. Failures Ia
Canada number thirty-one, against TWEEN
y last week, tweuty-six Ia, preceding
week, and thirteen last year. OF failures
this week in the United States. fifty were
In the East. hfty-three South. forty-nlne
West, and twenty-seven IN the Pacific
States, and ifty-niue report liabilities OF
$500 or more. Liabilities Of commercial
failures reported for August TO date are
$2.056.SS0, compared with S1.32l0ll las.
year"
Bradstreet's Review.
New York, Aug. 9.-Bradsueet's review
Of the state Of trade tomorrow VIII say:
Gross currents in crop and trade de-
velopments render generalization difficult.
Dispatches 10 Bradstreet's point 10 fur
Their favorable progress by leading crops.
notably corn, cotton. and spring wheat,
excepting oats. reports from which are
not favorable
Ideal weather IS reported for corn ex-
cept IA parts Of the Southwest; advices
from the spring wheat cection are better
than for some time. and hot weather ben
efits cotton Winter wheat yields are also
better than earlier Indicated. but oats are
turning out short and light. In the
Southwest. Northwest, AID at large East
ern centers sentiment as TO fall trade has
been helped by these developments, and
fpn buying IS becoming more noticeable
II some Of the large industries, how
ever. quieter trade is reported IN some
branches, with prices easing Thus pig
iron and some finished lines are reported
lower on the week. Reports TO Brad
streets show less activity IN current
building.
Demand for shoes, leather, and lumber
is of midsummer character IN textile
trades the feature is the market activity
at strengthening prices for cotton goods.
and the dress goods and silk markets are
also better; but IL is noted that sales of
mems wear wOOlens fer the spring Of 1915
are below those Of the preceding season.
At the same time raw wool, especially
the finer grades, IS strong and active.
with the new Western clip well cleaned
up. There Is more talk of q recession in
trade-present and prospective-in some
lines and the suspension Of new railroad
work in the South is a case in point: but
Il is noted, on the other hand, that sales
Of rails are larger, and some enterprises
using this material, hitherto held Up. are
now being pushed. The feeling Is that
money is apt 10 be high and shipments
10 the country for crop-moving purposes
are larger"