Show ANNUAL REVIEW I OF YEARS raws TRADE iJ I IH H Easier E Money and Revival of Con Confidence Coni i Necessary for Res Restoration n of Business i OPENED BRIGHT CLOSED DARK I I Not It for tor 1111 t nil 1 I p 1111 I iJ h New lW Yolk olk Del 31 The 1 ot 12 from a Q few Tew trust tJust companies precipitating a IL J of and sending cur curi i C to a premium at lit n i when it itSe Se moat t needed throughout tho coun M in It U D Dun 1 Co 8 g gi i 1 annual i i nl review ot of to be published tomorrow with having one Olle of tho great factors 1 In turning tho car ar 07 from lom its e of ot new lIew t In pro prosperity i to 10 A JL dosing period or disturbance that caused many lii 11 I for tor future extensions of ot j jl l to to ho h a of 01 pOll i iI Tho he ot ut th t 1 1 money and a n revival of colin colinI cJ of Ot which Iloh R nearer lie ur arlu to today I time Oct J JJ 1 Z day da at t any an J Ihen the While I 1 were frequent during tho last I I I I 1 lr ot tho year the rev w points out that If It the on la Ie curried back to 10 previous periods of I i I there Is 19 much for congratulation t Y In the Insolvency returns j 1 Tho review r w In part i The year Y lir um conditions con liS t that t elu bright beyond precedent und lInd the movement o ot trade attained a n velocity that constantly t promised d new records of prosperity I i 10 months statistics ot 01 i production pr Od u bank earnings und other of ot com come e h activity compared favorably fn j with lIh any an previous y r and allI in main 2 l cus the total lota for tor the 12 mantia moutils If t I 1 WIlS never eclipsed Products of the tha farm far All earlier records s 1 high prices t for t r smaller of some and am gOtton than In banner years i bolh exceeded any an previous year en gold In tho ros to tv and i tho ot of money In circulation ver capita ca IIa Kreutel than Ihan evor if f before l despite un n In population 1 1 tion tl n to over Conditions f changed during tile the last 10 i weeks for 1007 the tho financial l disturb disturbance ance that In October unset unsettling t so JilO completely that cut one commanded a 1 premium and i plans for extensions ot bind bindings II ti I II ings I tHI wiro 1 or 0 postponed r allures were werl thEin at any time since e the crisis of the previous decade and a number I of o cloned ed of nf thorn Orders were Mr M canceled ti i I and n w contracts came cume to toj toi j i Y the so tiO slowly that forces forcel were 1 4 educed and alI 1 production materially cur curtailed cu 21 tailed i Probably I tho year might have ended ende l lrI rI without any sensationally high K n j tlona for tor money had It not been fur for il f j the heavy he an withdrawals oC Of deposits deposIt from a I tow few large trust tru at companies that th t t precipitated a n season of hoarding No NoS f S t rHa figures aio regard reg lI i Ing the extent oC or this movement but 1 j U It Is estimated by h well posted posh l bankers en I that the cash withdrawn Now Iq i York Tork banks alone amounted to JUC l lr r J and p four times us as much throughout tho country I 1110 WOJ not In 1907 u Increase In Inthe Inthe the last quarter quartel but nn the ad nd advanced I there wore were morn more defaults of exceptional and liabilities In the I fourth f quarter exceeded of any my since 1803 l lJ J the of tho dis disturbance dl the Iho Inability of ot the banks bank to It Il In II that wort not ninth more th nf th nc II Gr Aal of defaulted Indented I It Hid more It la 18 how holl vastly the nation bilal ness 1 10 on a ratio of to tile amount of or In III Involved tho In III 1907 1901 IM light tho Iho last which supplied the larnest wn ot or the PIT nt wu u only 2 41 to toNCh each 1000 of the tho clearing houses hou c n In the cor CH three month of 03 the ratio mis the IIII tot fOI tor 10 yours with over 1 Changes In Iran In hi Industry during 1307 11 were more striking than elsewhere In III respect tn III the tho volume of production During th thc part ot or tho year then theft u II Increase In III output thu lIthe of blast turn nc reC until till tho high point Will on July Jul 1 I with a I total of nf 2810 lonK of lilt pi Iron per lIeI we k From point a u moderate dun case until lo ard tho lid fit nf the It IJ wan waK estimated that not more norl than about 33 38 pur po cent of ot the thu entire Iron and steel teel capacity In III operation this ot of the In tn tor fo the thc time wax It ItIs Ith Is h that the leading country had great co In tho future because u e nt lit no time was on tho plant at Gary Glur Although In many cases this Izo of ot crops In 1907 nOi fell ell below Ing high mado thu return to tha thos much linger lun el than To 10 porno pome extent short hort crops In other for tho Iho prices notably In the of wheat for tor which foreigners W ro wll III to ray more than Jl I pol bushel during the closing Not only did dl 1 the tha fall nil to tl check ship shipments ments abroad but the returns return for No November vember more ro than bushels wont abroad the tho any nil monthly total was rall OM largo In III over Ocr fiva fl Adding the tho value ot tH cotton meats mentA products poultry I and all other Items Item raised by b tho agriculturist the total attains the phenomenal al value of Cotton Cotlon has ruled at I t a 1 hIgh position p throughout year the latest of ot tho crop Indicate a I yield of bale or 30 10 per 1 1 copt less than tho record In the previous year earThe Tho old crop year end ended ed cd on Aue AuG SI U with tho largest total over harvested and with exports export ox all othor yearn except t an 1111 anto to W quantity while the high ex export export port price of ot cents por pound this year ralta the total value OOOO above tho high vatar mark marlc two years yeara earlier when the average price wan about I cents per pound lower united to 10 pro product product duct a 1 year In tho lIlo dry H which has haM been without for 01 tho volume of ot 8 but which has also with that the nv of what otherwise 1 be r ra us B IL most t successful ful 12 ami O tit Hll Is III the tho thoIn In d which marked the 10 months ot of the tho your YI r In tho export division the year as onn oun ot of decided e movement The ot or export falln faU for below that of G In turn was Willi smaller than the year of 19 Although broko to fig ureN than hud 1111 been reached before In a 1 decade leather kept fairly steady of or the year 1 |