The Washington herald., 1907-11-16
CROPS HELP TRADE
Movement to Market Goes
on in Interior.
MILLS BUSY ON OLD ORDERS
Some Hesitation Noted In Iron and
steel Contracts, but Relief of the
Money Situation Tends 10 Hasten
Return 10 Normal ConditiOns-Dun
and Bradstreet Weekly Reports.

New York. Nov 15-R. C. Dun &"Co's.
weekly review Of trade. tomorrow. Will
say.
Liberal receipts OF gold from abroad
and a large increase In bank note cir
culation tend TO relieve the financial
stress at New York. but the interior IS
now feeling the scarcity of currency.
and commercial activity is retarded 10
some extent. Dispatches from leading
cities indicate conservatism IN prepsra
ton for future business, and irregularity
in collections. with most favorable news
from agricultural sections IN which the
crops are being marketed as freely as
the supply Of money will permit. Re
turn to normal conditions will be has
tened by large exports Of farm staples
supplying credits abroad upon which the
much-needed gold may be imported. Of
fetal returns indicate that exports of
this nature We're valued at about SlO0.-
100000 in October. and the outgo of grain
and cotton is on a still larger scale this
month.
Financial pressure has affected the
iron Industry. curtailing new contracts
for all forms OF finished steel. Few new
orders have been received by the mills.
and some deliveries on old contracts are
deferred. because funds are not available
TO meet specifications
Mills Kept Fairly Busy.
Primary orders for cotton goods are
quiet. although the mills are stiIl well
occupied filing old contracts. The buyer
is not placing new orders for distant
delivery. because OF the lack Of accom-
modations
Footwear factories note a slackening
in demand. and output is being curtailed
10 prevent overproduction.
Thus far the percentage of reduction
Is not heavy, some plants operating five
days week and others seven-hour DAYS.
There is little effort TO force business. pro
ducers being more concerned at clearing
up old contracts and collecting. accounts.
1t is considered a good sign that new
orders are for quick delivery. indicating
that wholesalers are not carrying heavy
supplies.
"Fluctuation finally resulted in a sub
stantial net rise for the week option
trading exhibiting more activity than for
some weeks. Variations in wheat were
largely dependent upon the financial sit
uation. contracts being covered when II
was suggested that full cash payments
would be required in settlement Of ma
turing obligations at the end OF the month.
Commercial failures this week in the
u .
q Co. are 261. against 239 last week. 273
the preceding week, and 23s the CORE
spending week last year"
Bradstreet's weekly Report.
Bradstreets tomorrow will say:
Trade as a whole is quieter, and Indus
trial operations are being curtailed in ac-
cord with the readjustmsnt process forced
by the prevailing monetary stringency
and the spread of acute currency scarcity
to the country at large. Evidences OF
these were found in the restriction OF
wholesale buying for future delivery. IN
the confinement Of jobbing trade 10 pure
iy flIing-in proportions, and in the cur
tailment Of retail buying by the nearby
employment of credit Instruments. In
manufacturing lines there Is apparently
a determination to III orders only as
they are received, and an indisposltion
10 accumulate stocks.
There are. however, more favorable
elements which point to the rehabilita-
ton process being well under way There
is, In the first place an absence OF any
thing like precipitate action in the BUSH
ness community, the first furry or fnan-
cial unsettlement has passed without
much Of the disorganization witnessed
in other years, and there has succeeded
a steady determination to make the best
Of a situation which by many is regarded
as but temporary and not Of a lasting.
dapracSfuc~ Kind