The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-11-30
TRADE is IMPROVING
Confidence Returning and
Conservatism Rules.
STEEL PLANTS WILL RESUME
Retail Trade More Active with Eas-
ing in the Money situation - De-
FOOds-RaiIroad Traffic Is Smaller
and Car Shortage Not So Severe.

New York. Nov OR. G. Dun & Co $
weekly review Of trade, tomorrow. viii
say:
Confidence is returning, but conserva-
tism is still much in evidence. especially
in manufacturing. Mills and factories are
only operated 10 fill orders no accumuIa-
ton of stocks being permitted pending
more settled conditions. Some idle plants
have already resumed, however. and in
many cases there are ample contracts on
hand, but work is curtailed because Gus
toners request delay in deliveries, as
funds are not available for settlement
These concerns expect 10 have machinery
in full operation when the money mar
ket becomes normal. several preparing 70
resume after January l.
Retail trade is more active. sales of
holiday goods experimenting dealings in
staple merchandise. and some Western
cities report that wholesale houses are re-
ceiving orders OF usual size from coun-
try merchants for spring delivery.
More closed banks have resumed, gold
has arrived from Europe in large volumes
ana bank note circulation expands in re-
Spouse TO special facilities offered by the
Treasury. One OF the besI features Of the
week ~ this city was the practical elimi-
nation Of the premium on currency.
steel Plants 20 Resume.
output OF finished steel products has
declined still further, and more pig iron
furnaces are idle. but the sentiment is not
demoralized at leading centers, and some
idle plants will resume next week. Prices
remain comparatively steady. although in
many cases the figures are wholly nomi-
nal owing TO the absence Of new business.
Prospects are brighter for an early
resumption Of buying in the primary mar
kets for cotton goods. Stocks in the hands
of distributors are known 20 be depleted
and reduction in work az the mills has
prevented any accumulation at FIRST
hands.
Commercial failures this week in the
United States are go. against 81 last
week, 2s1 the preceding week. and 1872 the
corresponding week last year Failures
in Canada number "a. against 80 last
week IS the preceding week, and 19 last
year. OF failures this week in the United
States 10 were in the East. 20 South. 60
West, and ls in the Pacific States. and 6
report liabilities of 5000 or more. against
los last week. Liabilities of commercial
failures reported thus FAR for November
are S12,20S092, against S6S09,6u for the
same period a year ago"
Brndstreet's Review.
Bradstreets review will say:
The Improvement IN tone Of financial
affairs has become more widespread. so
notable, indeed. as to give a much more
cheerful appearance to the entire situa-
ton For one thing the security mar
kets have displayed more evidences OF
healthy strength than for a long time
past. the money market has shown signs
Of loosening up. the. currency premium
has dropped quite materiany-close 70
the vanishing point in fact-and the ex-
pectations are widely entertained or ex-
pressed that the country will be back
upon a cash payment basis In a few
weeks. But trade is stnl quiet the coun-
try over. and new buying owing partly
10 holiday observances, and also 10 mild
weather, which is still a check on retail
trade. is small. while Industrial opera
NioNH Ntt sui DtlnB restricted
With the easing I'm the money situa-
ton has come a more liberal marketing
OF the country's products. and grain re-
ceipts at interior markets are certainly
larger. part of which is due no doubt
10 the greater strength exhibited by GER
eals and cotton. which in turn primarily
reflect the better feeling at money mar
kcts. The price situation as "a whole.
however. shows signs Of establishments
90 the changed conditions OF demand. and
live animals. provisions. ard meats and
other food products have declined quite
sharply.
Railroad Traffic Smaller.
The labor situation too. shows evil
dences OF the slowing down of industrial
operations. Railroad traffic is appreciably
smaller than for many weeks past. and
the ear shortage evil has disappeared Just
as the close Of water navigation an
proaches. Large numbers OF men en-
ployed in railway construction work have
been laid Off. and building Is apparently
much less active, two features not IN
common as the winter season approaches.