The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-06-29

New York. June 2S-Bradstreets review
Of the state Of trade tomorrow will say:
SeasOnable summer weather has
further improved the general crop situa-
ton, enlarged retail trade, and favored i
larger volume Of recorder trade with job
bers and manufacturers than seemed pos
slble few weeks ago. Six months re-
suits in wholesale and jobbing lines show
the effect Of recently improved condi-
tons, but also reflect the large gains in
trade noted in the first quarter Of the
year.
Taken as a whole leading wholesale
lines will show a six months business
5 to 10 per cent at least in advance OF
1906 Very much the same report is made
by leading industries, which have gener-
ally surpassed records made in the first
half OF a year ago. On the other hand,
collections, while improving in some sec
lions. have tended TO drag in others, sug-
gestlng excessive stocks Of spring goods
held by retailers.
Weather FHvorabI to Crops.
Weather conditions are favorable 70
crops, which are regaining some Of the
ground lost earlier in the season. Com
pared with a month ago, a great improve
ment has been shown, which viii no
doubt be reflected in the forthcoming gov
eminent reports on cereals and cotton.
Winter wheat harvesting is quite general
/ in the southern half Of the belt though
interfered with by rains in Kansas and
Missouri
Cotton has made good progress under
excellent weather conditions. and reports
are unanimous as 10 improvement shown
/ in the past few weeks Of dry, hot
weather. interspersed with showers.
The complaints are that the crop is
I still late, and that scarcity Of labor makes
/ for grassy fields in some sections.
! Pig iron IL slightly easier ia price. and
while the market is quiet there is sut1i-
cient buying to prevent any marked de-
cline. At thc seaboard foreign iron is "a
factor making for easiness.'
Dun's Weekly Review.
R. G. Dun & Co.'S Review tomorrow
4 will say;
/ Improvement has become rcre pro-
/ nounced in distribution Of seas1aahls
merchandise. and with the reduction OF
retail stocks there is a broadening Of in
/ tcrcst in jobbiug and wholesale shipments
( Of fall and winter lines. Weather cond.-
/ tons have again favored both trade and
/ agriculture rapid development Of the
crops being potent for good in commercial
departments.
In few exceptional cases the week
has brought no change in the attitude Of
/ indispcsition 20 operate until results from
/ farms are assured, but at most leading
cities the sentiment is distinctly one Of
| confidence. and mercantile collectors are
much more prompt
Little machinery is idle in the leading
industries. except where repairs or in
ventories interfere. and at the steel mills
the stoppage will be brief owing 10 the
, urgency OF consumers and tho large con-
tracts on which specifications constantly
appear. Cotton mills disregard the course
. Of the raw material or the amount Of new
business. having 50 msnT contracts on
/ hand that current conditions are Of no
I weight. Outing goods attract attention az
last. and summer resorts are making up
part Of the early losses.
New wage scales for July ! have been
I arranged with little friction. Few coEtro-
VERSES Of Importance remaining unsettled.
I Building operations are large, although
less than contemplated, owing 10 financial
. conditions
Commercial failures this week in the
United States are To- against 123 last
week. 1ST the preceding week. and -77 the
/ corresponding week last year. Failures In
Canada number - against % last week. %
the preceding week. and z last year or
failures this week iG the United States. 60
were in the East. = in the South. 90 n
the West and - In the Pacific States, and
~ reported liabilities Of S.oo or more.
Liabilities Of commercial failures reported
for June 10 date are SIS 73to57. compared
with S6.4S4257 year ago"