The Washington herald., 1907-09-07
TRADE OUTLOOKGOOD
enthusiastically SurpaSs
Those of Last Year.
CRC S A PLEASING SURPRISE
In Every Line Except the Financial
Situation, Most BuOyant Reports
Received-TextiIe Mills Active and
Orders In All Industrial Lines SAT-
isfactOry-FaiIures Not Numerous.

New York, Sept e.--R. G. Dun & Co.'S
weekly review Of trade tomorrow Will
say:
aside from some conservatism in pre-
pairing for remote requirements, directly
due to stringency in the money market,
the volume Of business is satisfactory.
Trade exceeds even the activity OF last
year in many sections, and as the crops
are secured there is a demand for goods
at leading Jobbing markets that makes
the outlook bright for fall. Wholesale
dry goods sales are nearly concluded at
the South, and merchants are now hurry
ing shipments forward to meet the au-
tumn trade that is about to open.
Prices Of farm staples have risen to
an unusual position for the season, but
this Is caused by foreign needs rather
than any reduction in domestic yield. and
the increased amount of money paid 20
the farmers will benefit all departments
OF trade and industry.
The weeks results are somewhat irreg-
ular because Of the holiday and Interrupt
tion 70 telegraphic communication, but
complete reports for August indicate that
the midsummer month compared most
favorably with 1906 in almost every de-
partment except the market for securities,
Expected improvement in the volume
Of new contracts for steel is beginning 10
appear, autumn business coming into
sight. while the mills still have orders on
hand that will take months to Till in most
departments.
Price of Steel Unchanged.
THE midsummer quiet was sufficient to
remove the urgent appeals for prompt
shipment that disorganized working
forces, and it IS now found possible to
make better arrangements as TO the labor
situation. Prices Of finished steel are un-
changed. except that wire products have
advanced 81 per ton. The small conces-
sion made in pig iron brought out bet
ter tonnage, but, even after recent re-
ductions. the average Is about 50 per ton
higher than a year ago, which IN turn
was 81 above the range in the same week
OF 1906.
Activity continues at textile mills, the
cotton goods situation maintaining its
position of strength because Of the large
amount of business already under con-
tract and the high price quoted IN deal
ings in the raw materials.
Commercial failures this week. in the
United States, are rs, against 203 last
week, 173 the preceding week, and l33 the
corresponding week last year Failures
IN Canada number 2. against II last
week, l6 the preceding week, and last
year OF failures this week in the United
States. 81 were in the East, 80 South,
4S West and 16 in the Pacific States; 64
reporting liabilities Of $500 or over. LA
bilities of commercial failures reported
for August, Sl5,lg7.749, compared with
SS,S2i, ,l54 a year ago"
Bradstreet's Review.
Bradstreet's review tomorrow will say:
The more cheerful tone Of matters
financial is reflected in the reports of ex-
panding trade at large jobbing centers on
faI account Conservatism in buying is
however. still enforced by money market
conditions, and purchases are not so large
as they are numerous at many markets.
Relatively the best reports come from
leading Northwestern and Southwestern
centers. which apparently find crops turn
ing out better than earlier anticipated.
"One feature is the less noteworthy
buying Of complete new stocks OF goods,
which is apparently a result of money
conditions Quite a few cities report
trade as a whole ahead Of the fall season
Of 1906, the crop outlook in those sections
no doubt influencing buying. Collections
show improvement in different localities.
but as q whole are still slow. Demand for
money Is certainly very active. and there
IS a higher range for time money noted
at the West, while rather more ease Is
noted ct the East, and European accent
ances Of American bills are freer. Crop
conditions vary with sections and crop
reporting.
Corn has been helped by warmer
weather, but needs a long warm fall sea
son If a fun crop Is 20 be had from the
record acreage.
Cotton reports range from good on the
Atlantic coast to poor in Texas, the latter
because Of drought.
Oats Is the shortest crop In fourteen
years. Spring wheat cutting Is completed,
with irregular results.
In connection with this matter, with
certain short crop yields, It might be
stated that the feeling is that higher
prices for all grains and cotton will go
far to make up for smaller quantities har-
vested.
Certain foreign buying OF our grain
and Hour has been more notable Of late,
anG this explains the higher range OF
cereal prices touched this week while
cotton holds firm at close to the highest
OF the year."
arsu.