The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-12-07
GENERAL TRADEGOOD
Disposition to Place Orders
Becomes Pronounced.
COLLECTIONS MORE PROMPT
Dun & Co.'S Review for the Week
Indicates Rapid Return tO Normal
served in Disposition to Defer Pro-
ductiOn I'm Leading Industrials.

New YORK Dec. Gums review to-
morrow viii say:
Further Improvement in the hnan-
cial situation Is facilitating the return
Of normal conditions. but there is still
great deal Of idle machinery at mills
ard factories In the leading industries
a disposition is shown 10 defer produc-
ton until there is no probability OF
cancellations and consumers show an
increased inclination to place orders
for forward deliveries.
Retail trade is fairly well main
taired, demand for holiday goods as
sumins seasonable proportions. and
collections are more prompt Railway
earnings for November were > per
cent less than in 1906 and liabilities OF
failures were s.. 65622s larger, but in
sOlvcncies made much better showing
than in October, and eliminating the
comparatively few failures OF over
100000 each in both years, the aver
age for each default was only So
against s.. 500 in November. 1906.
a few transactions in pig iron are
recorded at further concessions. but as
former quotations. Restriction OF steel
production has gone still further. some
departments now operating less than
half the total capacity. Wire mills are
the most active and the output Of tin
plates exhibits the greatest contraction
Little tangible progress is discerned
in the primary market for cotton made
goods. such as any increase in actual
business, but there is a better feeling
that is unmistakable Improvement
IN sentiment IS based upon less strin-
gency in the money market and the
ability TO secure accommodation that
was refused a short time ago. Buyers
are showing more interest in the mar
ket, but in most cases insist upon a
readJustment OF quotations Thus far
prices have remained nominally IN
changed for most cOttOns. producers
believing that concessions would only
prolong the delay in bringing out de-
mand
Commercial failures this week in the
United States are SIC against 359 last
week. 22l the preceding week and 233
the corresponding week last year.
Failures in Canada number 20, against
"a last week. SO the preceding week,
and SO lest year
BradstFeet's Review.
Bradstreet's review Of the state Of trade
viii say;
Improvement is SUI largely confined
10 financial matters. notable in this re-
spect being the Increased ease in call
money. some lifting Of the embargo on
time loans. advancing prices for both
bonds and stocks, and a lowering Of the
current premium after a sudden advance.
due to window dressing necessities on
the part Of some bankers. Accompanying
these developments, however. has come
an accentuation Of The more confident
feeling noted in gene -aI trade lines and
in few industries. flrther reinstatement
OF orders Cancelled some time ago some
renewal Of buying for quick shipment
from jobbers and, where more seasonabie
weather has permitted. as in the North
east and South, some stimulation Of the
demand at retail for winter apparel and
{ FOR holiday specialties.
AS TO banking matters. the situation
has undoubtedly improved greatly. and
this is said, too. with full appreciation
Of the fact that two large interior bank
ing concerns were this week forced 10
suspend This latter development is how
ever, regarded largely as a case of wreck
age coming ashore from a storm known
10 have been destructive. but actually
past and gone. Favorable sides to the
situation are many and various Several
cities report that the issuance Of clear
ins-house certificates or emergency cur
Tency has been suspended. others report
that currency payments are quite general.
and the feeling is that the payment OF
money over the counter VIII soon be
quite generally resumed"