The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-07-13

New York, July Pr. G. Dun & Co s
weekly review Of trade tomorrow viii
say:
There is not the customary complaint
of midsummer dullness in general trade
channels while the demand for seasonable
fabrics is rapidly depicting stocks that
threatened to be carried over.
Brisk retail trade is accompanied by
more prompt collections. and many cities
that We're slow to respond to the better
feeling now send satisfactory reports.
Jobbers and wholesalers GGe receiving
liberal orders for fall. and winter merchan-
disc, and interior buyers are active in
the primary markets. Crop reports are
more encouraging than since July /, on
account of favorable weather. Manu-
featuring returns tell Of large orders on
hand and very heavy production during
the first half of the year
Lover prices for pig iron were due
TO the larger output and more prompt de-
liveries that reduced the premiums paid
for early shipments. Consumption has
not appreeiably diminished, although a
few Of the steel mills are closed for re-
pairs.
Cotton Market Quiet.
Quiet conditions prevail In the primary
markets for cotton goods. but the mills
are fully occupied and there is no pros
peet Of easier terms. owing to the large
amount Of business under contract. I'M
less extensive cancellations are received.
The strength of the market is due 10 the
statistical position, buyers being COM
PEELED to wait longer for deliveries than
ever before in the history Of the industry.
"Erratic variations in prices have &C.
CURED at the leading commodity ex-
changes, with the general level still very
high, although much reaction occurred.
Commercial failures this week in the
United States are zoe. against les last
week. 162 the preceding week, and 202 the
corresponding week last year
Failures in Canada number IS. against
70 last week, p the preceding week, and
2 last year.
'Of failures this week in the United
/ States, IS were IN the East, ca South, 81
/ West. and . In the Pacific States, and G.
report liabilities Of $500 or more.
Liabilities OF commercial failures re-
/ ported for July 10 date are $2.S3S.957. CON-
pared with $2,0l4,55 a year ago"
Bradstreets Review.
Bradstreet's review will say:
Continued favorable weather is tho
key to improving conditions in retail and
jobbing lines. crop outlook, and mercantile
/ collections.
! Improvement IN recorder business with
/ jobbers and in payments on past business
/ give more optimistic tone 10 the general
/ situation than seemed possible a month
! ago. That some trade was lost for this
] season is. Of course, certain, as is the
fact that reduction sales have been nee
essary TO move some siow-seillng goods;
but it is noted that cotton goods have
I again been advanced that dress fabrics
/ are selling better, and mems wear wool
/ en-, and clothing dealers take much
/ more cheerful view of the outlook.
kilograms 10 Bradstreets show the ef-
/ feet OF midsummer conditions on many
/ lines, but fan shipments have begun in
! larger volume than a year ago, and
/ whore the crop outlook is defined there Is
Il slightly more pronounced disposition
/ 10 buy more freely for future delivery.
Crop conditions. particularly those Of
/ corn and cotton, have certainly improved
greatly since July l. and thrashing re-
turns Of winter wheat In the Southwest
are better all around than earlier antici-
pated as possible.
The outlook at present Is for smaller
/ but not short crops. this. of course, be-
Ing predicated on a continuance Of good
weather till harvest.
The aggregate yields OF five leading
cereals VIII fail. perhaps. 10 per cent
/ short Of last year"