The Washington herald., 1907-09-14

New York. Sept. 13-R. G.. Dun & Co.'S
weekly review Of trade tomorrow Will
say:
Retail trade increases at the leading
cities as the vacation season closes. and
the opening Of fan lines is attended with
most satisfactory results.
AS the staple crops are secured and
marketed there is a prompt improvement
. in mercantile collections throughout the
agricultural districts. and the decline IN
prices was especially helpful iu stimu-
Iating export trade. Free shipments Of
grain and cotton are particularly desira-
ble this year on account of the relief that
] viii be given 70 the money market There
/ is still much conservatism in placing con-
tracts for future business, and decreased
speculation Is another factor that aids
/ in restoring normal financial conditions.
Postponed business is coming more
freely TO the steel mills, and there is less
disposition to wait for more favorable
/ conditions.
Demand for Bridge Work.
structural steel shapes are constantly
ordered, especially for bridge work. and
the railways seek all forms Of supplies IN
larger quantities than was expected for
/ some months, on account of the financial
pressure Primary markets for dry goods
/ are seasonabIy quiet, without any evi-
|dence Of weakness.
'JObbers have concluded the opening
pressure Of activity. Liberal orders have
/ been placed and a fair volume of in
quirIes now come forward from the retail
trade to meet current requirements
Manufacturers Of cotton goods are I'm q
strong position, having large contracts
on hand, and prices are well maintained
despite the fact that some buyers We're
forced 10 take small profits quickly on
account Of the financial strngency.
Commercial failures this week in the
United States are 1S9, against rs last
week, 2l3 the preceding week, and ia
the corresponding week last year. Fail
ures in Canada number q. against . last
week, II the preceding week, and a last
year. OF failures this week I'm the United
States, GO were in the East % South. "A
West and 3G in the Pacific States. and g.
report liabilities Of $500 or more La
bilitics Of commercial failures reported
for September TO date are S7.CSL23S. COM
pared with $l.3lj.7S6 year ago"
Bradstreet's Review.
Bradstreets review viii say.
Fall jobbing trade in dry goods and
wearing apparel generally tends toward
expansion as the ultimate outcome Of
leading crops becomes more assured and
as evidences Increase Of higher selling
prices From the Northwest reports are
of orders previously held back now COM
ing forward, and there is evidence also Of
more life in Southern trade and Of i'm
provement in collections in that section
as the cotton crop begins to move to
market in good volume
other favorable developments also are
the incteased shipments Of grain and
flour for export, confirming earlier and
current advances that foreign takings Of
our cereals are increasing.
Further evidence of this is also found
in the weakening OF foreign exchange and
the reports that commercial bills against
grain and cotton are appearing IN larger
volume. On the other hand, there are
more irregular features presenting them
>StF1-s -tA S-'N''tl ANe-eili6 4l4NlSl lIltS, ana
the crop outlook as a whole is only fair
when compared with recently preceding
years. Weather too cool for corn this
week makes il certain that the rather low
condition figures shown in the govern
ment crop report on September 1 will not
be betteTed materially, and only a late
warm fall can mature other late crops on
the full average.
In the leading industries the notable
feature is the sharp break in copper
prices. the steady decline Of that metal,
the talk of overproducti0n and of the
necessary shutting down Of mines.
In the iron industry there is reported
further shading of pig-iron prices, though
inquiry is better at the concessions.
The cotton goods manufacturing trade
offers a sharp contrast to others in the