The Union times. [volume] (Union, S.C.) 1894-1918, 1908-03-13
FINANCIAL AND INDUSTRIAL
Dun's Review For the Week-Confi-
dence Increasing and Trade I'M
proving Foreign Trade Still
in Our Favor.

Favorable symptoms are more
numerous in the commercial outlook,
especially in respect to the growth
of confidence. Jobbers note more
pressure to replenish depleted stocks
of staple merchandise, orders in
many cases being for delivery next
fall. The disposition to provide be-
yond immediate needs is a very
good sign. The advancing season
has also contributed to the better
feeling by accelerating the distribu-
tion of spring goods and stimulating
interest in building operations. In
dustrial plants are more active, pig
iron production rising to the best
weekly average in three months.
Some strikes were threatened be-
cause of necessary reductions in
wages, but little interruption oc-
Cured. Credits are still closely
scanned, and mercantile collections
are by no means satisfactory, yet
payments are more prompt and the
volume of business is distinctly
heavier. Liabilities of commercial
failures in February were smaller
than in the two months preceding.
and banking defaults were insignifi-
cent as compared with the monthly
mortality since the October panic.
Railway earnings declined 1877 per
cent. in comparison with those of
February, 1907, the returns for the
fourth week being much better than
the earlier figures. Foreign COM
merce continues to supply a phe-
nomenal balance in favor of this
country, at this port alone for the
latest week exports increasing So
1852 while imports decreased
$6, 996, Isl as compared with the
same week last year. Securities
were little more active and prices
taveraged slightdns HIGHER tadrasspII]l
week, whtfo 4 IrhSslayy W
lS Improvement IN
~ SSSS and steel industry tha'
Ine ,,ia he lacking were recovery
w" '"re sensational. Each wees zee.
more n;,ss a few more mills and iuT
5 oria,s ns into the active list, whl
e nSooo;fcations nSo on old contracts con
t speu,ll spot,v calls for a larger tonnage
re s.a't Stat;stics ofpig iron production o'
g March ! tel the story in a convln' '
n M" MA manne. Despite the shortne'
1t lrs M ,ha moth, February's output
ty Oh Wv ;ron ys ,O79, 72l tons, accore
p,s a TO theIron Age, against l'o4?
nd 20 tonsn January, ana tne oai a.
'ou ave averape as q ,232 tons agsinst DC
ng, 1,s Sll better results are prol
the iced M for the current MONTH u .
,ck. .seoaa,Ivapacity .sea of furnaces in bl'
II weeN Mch being 267 ,431 tol
G.. oaaains241 1925 month preVl'
for apI 1882 tons when the y
ling' onenI. New business appears
) for p pam departments, the war; a,,i
scks? lia, atr being especially helpful
wen ,np postponed building OF
at;o that will call for much SUI
r. Mr.. @ tur, steel. The current dem
llows: for ese shapes is now conhneo ,s
=, ,aed io wholly to bridge work
,nSia a,u .,n much is in progress. w
ahout W., W. can be settled as to da
lore, ! psents large tonnage of
ect to wbe sold. ao,o
nnected w goods jobbers have done
,,,aht I hiess than expected, but
~ O. shere is little improvement
~ ~ vour primary market, and lew
w. y extended activity. 20
ave YOU not begin road operation
,ess Gee and v rs usual, 80 that sales "
'"n ,e YOU Eer to actual retail distrib'
" the seasons aggregation
l.. vents will be much less specu1
eichmondn in any recent year.
,ond andbing transactions IN co'sD cow,
enuest h.ributed to depleted stocS
Columbiae higher market for raw raw ms ;a
Sntracts extending well IN
pay yosmmer have been placeu saa'pa 'Ut y
hose trings, and inquiries from ,,o, :.
' rade promise good mover
was ntdd constructions.
g service =.
hat mo- In Charge OF ROAD bu''o'