The Washington herald., 1907-06-22
TRADE GROWS BRISK
Conditions improved by Sea-
sOnable Weather.
SOME WAIT CROP RETURNS
Inclination in Certain Quarters Is
10 Postpone Heavy Business Until
Later in Season-Lumber Easier
and Less In Demand in Interior.
Shoe Trade Much Benefited.

New York, June 2i-Bradstreet's in its
review of the state of trade. tomorrow
will say:
Long awaited seasonable weather has
further improved retail trade and crops
slightly enlarged recorder business with
jobbers, and made for moro confidence
in the placing Of orders for future delv-
cry. In some sections, also, collections
have responded in a measure to more
favorable influences, but payments are
still backward. Taking the wholesale
trades generally. there is a rather more
quiet tone perceptible, part OF It due to
the smaller than expected recorder busi-
ness and also TO the advance OF the sea-
son Of midsummer quiet. There is 4
disposition this year. mere, perhaps. than
in recently preceding years, 20 await
clearer indications Of the out-turn Of the
growing crops, and there is less assur-
ance as 70 booking ahead In many lines
than was noted at this time in 1896, but
the trade situation proper unquestiOnably
shows a more optimistic feeling than was
possible a few weeks ago.
Gross currents display themselves
prominently in various lines. Iron pro-
duction and consumption is at a record
rate. and finished products are very ac-
tive. but the cruder forms note ease. and
pig iron and billets are slightly lower.
especially for distant deliveries. partly be-
cause Of resales of iron. partly in sympa-
thy with lower foreign markets, and also
nnraTCa a rha f1 Of ole 1rFrr
prospects as to crop out-turn
Lumber Demand Lighter.
Lumber seems TO be easier and interior
demand is lighter but large cities show
good local demand existing. The cotton
goods line is not so urgently active as
earlier. but there is no weakness. the re-
cent spurt in retail trade in the West de-
veloping the fact that there are no sur
plus stocks in the hands Of Western job
bers, while the uncertainty as TO supplies
OF raw material prevents any appearance
of weakness.
THE shoe trade has benefited by the
better weather. particularly in the West.
but Eastern factories report demand dis
appointing and shipments per cent be-
hind 1906.
The highest prices Of the year in ce-
reals were reached IN the third and fourth
weeks of May. Wheat on May p touched
the highest level, Sl.OS7s for July at New
York, while at Chicago July sold a S103lz
on May q. This was the elimination for
the time being Of the excited speculative
movement based upon bad domestic and
foreign crop reports
Dun's Report,
Dun & Co.'S Weekly Report will say
tomorrow:
Weather conditions throughout the
country are reported as seasonable for
the first time in several months. and the
response is immediate in all branches Of
business, while crop prospects have i'm
proved greatly. although there still re-
mains much ground 70 be regained With
scarcely an exception. the weeks news
is encouraging. especially from the West.
Confidence grows with the crops. and
orders come forward 70 the leading CEN
ters for large fall and winter shipments
Of all classes of merchandise. Less
activity is reported in the primary mar
ket for cotton goods. but there is no evil
dence of weakness. On the contrary, sew
eral quotations are higher, print cloths
ruling close 10 cents. After the recent
unprecedented activity. some diminution
in demand is natural and wholesome. 1t
is no less difficult TO secure early deliver
les, and most manufacturers have as
much forward business as they are willing
TO accept.
"A weaker tone is noted in the hide
market, the best support being given
packer varieties.
Failures Reported.
Commercial failures this week in the
United States, as reported by r. G. Dun
& Co. are 194, against 1S7 last week, 19S
the preceding week, and 1S5 the CORE
spending week last year. Failures In
Canada number 19. against % last week.
p the preceding week, and % the same
week last year.
"Of failures this week in the United
States, 6S were in the East, 81 South, 81
West. and IS in the Pacific States, and 81
report liabilities Of 5000 or more
Liabilities Of commercial failures re-
ported for June TO date are Sl1522,GS0,
compared with S3,s72.59s year ago"
VIII Lecture Mt Naval Lodge Hall.
rTbOruae Williams Of C.9,t.,,o LII