The Washington herald., 1907-07-20

New York. July l9--R. 9. Dun & Co.'S
weekly. review Of trade to-mor wv will
say:
Encouraging reports are received from
leading commercial centcrs, the volume
of business being exceptionally heavy for
the season. and stocks are depleted by the
usual clearance sales, proving more
prompt payments and greater confidence
In the future. Buyers are numerous III
the large cities, preparing for an active
fan trade. now that the agricultural out
look is less uncertain. Clothing manufac-
turers report much new business and few
cancellations.
'Dullness in the pig ircn market is not
unusual at this time Of the year, but
there is little reduction in output and no
evidence that furnace owners are seeking
business al lower prices. At some Of the
steel mills there is also more or less sea-
sonable absence OF new contracts; but
specifications are large on old orders, and
the plants that must stop for repairs do
not remain idle any longer than neces-
sary.
NoAAuh UoouS IN Demauu.
"A frmer tone has appeared in the
primary market for cotton goods. manu-
facturers securing without difficulty the
prices asked. While IA few lines are dis
tinctly quiet, there is more evidence Of
satisfactory business than at any time for
several weeks. Although prices are con
sidered high. it Is felt that there is much
to warrant further advances. so that buy
ers feel justified In operating freely. even
| for remote deliveries.
Crop reports are favorable. the few
statements Of injury being in the minor
ity, and prospects are now much brighter
| for q satisfactory season, on tie wbole.
while any loss in quantity of wheat or
cotton is being offset by the higher level
Of prices.
Commercial failures this week in the
/ United States are lS2, against 202 last
/ week, lG6 the previous week. and 1g2 the
| corresponding week last year. Failures in
/ Canada number y. against IS last week.
/ D the preceding week. and % last year.
/ OF failures this week IN the United States.
/ 20 were in the East 4 South. a West.
! and l6 in the Pacific States. and 63 re-
I port Liabilities Of $500 or more.
Liabilities Of commercial failures re-
ported for July TO date are Sj22.Io9, com
/ pared with SGiS.58 a year ago
Bradstreet's Report.
/ New York, JuIy 19.-Bradstreet's will
/ say.
Weather conditions stil favor seasoha-
bic trade and crops. and there is no more
/ than ordinary quiet IN wholesale lines as
a result Of midsummer conditions and the
/ reign of the vacation season. Retail
trade especially is turning out rather bet
ter than anticipated and clearance sales
| are freely patrouized, indicating that the
buying power Of the country is maintained
at a high level
Recorder business, too. is Of fair pro-
portions; In fact, is rather more in evil
/ deuce than are bookings for fall. which
( await a clearer view Of crop outturn be-
fore finding full expression. It is quite
/ generally the case. too. that where can
cellatons of fall orders are noted they
are accompanied by the statement that
these are no more numerous than usuaI
at this season in previous years. Such
conservatism as Is noted, indeed is gen.
orally with regard TO far of deliveries.
zone favorable development certainly
calling for notice is the continuance OF
good reports as 10 collections. which find
confirmation in the steady gains in banB
| clearings over a year ago, itself a pc
riod of large gains over 1895.
The crop developments, as above in
dicated. have been quite generally fav-
orable. Corn has especially good weather
warm and showery, with little damage
reported as yet from flooding in low-ly-
ing ground. Cotton has also made ex-
celient progress Rains interfere witt
wheat threShing'