The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1907-01-02

D4aed to failures and failure
h liabilities Is in high degree In.
dicative of the fact that the vastly
enlarged outputs, the movement of
products and the volume of sales in
| 1906 were conducted with less fric.
tion than in 1905, thus constituting
a tribute to the essential soundneSs
of the years business.
The Year i'm Detail.
Mild winters have been proverbially
unfavorable to crops and trade, yet,
right at its beginning, the year suf.
fered this alleged drawback with lit
tie effect. Lack of snow covering
for wheat, and autumn mildness In
January. led to fears of crop dam
age. while eongesting stocks of win
ter goods. Heavy apparel suffered in
demand, coal was inactive, and rub
Der footwear neglected; but good
effects of the mild season outweighed
the bad. Building operations con-
tinued on an unprecedented scale
during an ordinarily closed season,
and railway operations experienced
| little interference. Manufacturing
was active, and stock speculations
made new high price levels. In Feb
ruary retail trade and collections
| were interfered with early by mild
weather. numbering was restricted,
cotton holding at the south was an
additional drawback. coal was weak,
higher summer prices for rice were
indicated, and the egg market col
lapsed under weight of fresh sup
plies Sacrifice sales of winter cloth
| ing and an earlier than usual open
ing of spring trade were features.
| The first hurtful winter storm in
March damaged southern fruits and
vegetables, but heavy SHOWS and
rains gave ample moisture to win
ter wheat as the growing season be-
gan. A large spring trade was done
the country over. heavy sales of fer
filters indicated an increased cot
| ton area. and industry was active.
with numerous wage advances. April
opened with a coal strike involving
400 900 men. the anthracite and
western bituminous fields shutting
down, but first crop reports show
ed little damage to winter wheat,
and the low death rate throughout
the country disproved the green
Christmas and fat churchyard" prov
erb. Corn and cotton planting start
ed late but made up lost time.
Earthquake and fire ruined San
Francisco-April 1S-21-destroyed
$500. 100000 in property and caused
a break in stock prices. May saw the
close of the coal strike. the ending of
a wheat deal at Chicago, after the
highest prices of the year were
touched, and heavy liquidation in
stocks. while life insurance troubles
plagued San Francisco. and cold
weather injured fruits and vegeta-
bles, causing much replainting of
cotton. Trade. retail and jobibng,
was active, plenty of moisture helped
wheat San Francisco's banks open
ed May %. after a months shut
down; purchases of supplies for that
city benefited trade in other places,
and steel rails were freely bought for
1907 delivry Corn planting was
delayed. oats were hurt in the west,
and it was too cool and dry for cot
ton In June wholesale trade was
seasonaby quiet, business for fall
was good, building showed record ac-
tivity. though lumber weakened for
| aWnlle. ana wages OF New England
cotton mill hands advanced. Early
crop reports We're poor but improved
later. Cotton showed an increased
acreage and good condition. Warn
ings came of tight money in the sec
ond half of the year and some good
authorities We're pesimistic as to its
effect on trade.
July statistics showed a record half
year in domestic business, and an
unprecedented fiscal years foreign
trade, record clearings for six
months, few failures and small liza
bilities. Cotton and wheat prices de-
clined on good crop prospects,
stocks We're liquidated. trade and in
dustry continued active, midsummer
shutdowns were fewer and shorter
than usual, with fall orders good. In
August. free marketing of winter
wheat brought the lowest prices in
four years, but iron and steel and
cotton goods We're active and advanc-
ing. while raw cotton declined.
Rains helped corn and hurt wheat
in shock, but the latter rallied on