Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-07-31
STATE OF TRADE.
Favorable Crop Reports and General
Outlook Encouraging.

NEW YORK, July 31-R G. Dunn &
Co.'S Weekly Review of Trade says:
Crop reports are favorable. especially
for corn and spring wheat. with winter
wheat nearly harvested. Progress on the
new tariff is marked, and indications point
to it's early enactment into a law. The
excellent conditions in the iron and steel
trade. emphasized this week by the report
of the principal producer and an increase
in its rate dividend, are maintained. The
drygoods trade Is broadening. Reports
from the principal trade centers are uni
formly encouraging. in spite of the fact
that this is midsummer and merchants
are still anxious for the final word con-
corning the crops and the tariff. July
failures have made the smallest month $
total Of liabilities since early in 1907.
Nearly every development is therefore
that of improvement. This varies in
degrees. being at some points rapid and
at others slow, but, nevertheless, the
tendency is persistently away from past
depression. Confidence, it is true, in
creases faster than present trade activ-
lily. and prospects of coming agricultural
and Industrial prosperity are more pro-
nounced than immediate business, but
this confidence appears to have an i'm
mense uplifting power.
In some branches of iron and steel
new business comes forward less freely,
but steady expansion is noted in several
contracts for needed equipment, although
there has been general slackening OF
demand In this connection, only a mod
crate tonnage of heavy rails being taken.
Bradsfreets report says:
More buyers are In evidence in leading
markets, and fall jobbing trade shows
signs of getting under Roadway, but
the vacation season, the imminence OF
the tariff bill settlement and the rapidity
of recent price advances. breeds con-
ServatiSm in many wholesale lines mend
ing clearer views of the final crop out
turn. Industrial operations show en-
largement, with iron and steel leading,
and there Is less than might have been
expected of midsummer quiet in manu-.
featuring circles generally. There is
a little more doing in the coal trade but
demand still lacks breadth. while coke
is easier. There is a trifie less industrial
unrest in evidence than week ago. Car
building concerns report large orders
placed by railroads. There is more doing
in the shoe trade east and west. but ad.
vices are that high prices of leather and
| hides tend 10 restrict trading in those
| lines.
Business failures in the United States
| for the week ending with July % were
| 223. against 239 last week, 20 in the
| 1906 and lis in 1905.
Wheat. including -four. exports from
| the United States and Canada for the week
ending July ~ aggregate 1.5T9,G52 bush.
| els. against 93335S bushels last week
and 2,Ioo."s bushels this week last year
/ For the four weeks ending July ~ ex.
| ports are 1889. 49, bushels. against $500
| Ssi bushels in the corresponding perioc
| last year. Corn exports for the week
! are $4,000 bushels. against 81 O9o bush.
els last week and 1898 bushels in 1905
| For the four weeks ending July - corr
| exports are 329.577 bushels. against 2O7,
| 61S bushels last year.