Rensselaer Semi-Weekly Republican, Volume 38, Number 2, Rensselaer, Jasper County, 11 August 1905 — COMMERCIAL AND FINANCIAL [ARTICLE+ILLUSTRATION]

COMMERCIAL AND FINANCIAL

Chicago j

Agricultural conditions form a lea»}ing consideration in business circles at

this time, these entering largely into plans and commitments for the immediate future. Winter wheat is well harvested in the northern region, the yield being heavy, and late advices show other crops to be making a seasonable advance, corn carrying the most excellent promise in Illinois. All indications favor an enormous increase in financial returns to the farmer. Demands upon factory, output show more strength this week, retail dealings extended in necessaries, and* the jobbing brunches gained in the volume of orders for fall staples, especially in clothing, footwear, food products and textile wares. Satisfactory redaction proceeds in merchandise stocks and widening buying appearg in farm supplies. The wholesale district gains in activity, personal selections showing a wide variety for both city and country trade and the bookings included much for early delivery. Discount taking is noted more frequently, while commercial defaults are slight and collections generally improving in promptness. Primary foodstuffs were in steady request, hut the offerings were liberal In the grain pits and a lower aver'age cost was established. The total quantity of cereals handled aggregated 7,016,572 bushels, against 0,233,748 in corresponding- week of 1904, the receipts being 3,918,783 bushels and the shipments 3,697,789, an Increase of 21 per cent and 23 per cent, respectively. The market for provisions was affected by shorter supplies of thei raw material and warehouse stocks have been reduced. o Bank cloarings, $177,100,921, exceed those of the corresponding week last year by 22.1 per eeut. Failures in the Chicago district were 18, against IS last week and 32 a year ago.—fiun’o Review of Trade.

He> M

Crop reports and fall trade advices are more unanimously favorable

than at any preceding time this season. Confidence in the crop situation is reflected by good fall orders and a volume of wholesale and retail trade certainly In excess of a year ago and fully equal to the average at this season. Special activity is noted In cottop goods, which are in eager demand at high prices, with scarcity of desirable makes widely reported. Trade in woolen fabrics is good, confirmation of this being found in freer buying by manufacturers of raw material at ruling high prices. Reports from the shoe and clothing lines and from the lumber, hardware and other building material lines are generally satisfactory. A heavy movement of winter wheat has helped collections and developed a little more activity in flour milling in the Southwest. The Iron trade shows some quietness after the exceptional activity noted in pig Iron last week. Other industries show considerable activity. Business failures In the United States for the week ending July 27 number 10: gainst 165 last week, 174 in the like week of 1904, 100 in 1903, 168 in 1902. and 100 in 1901. In Canada failures for the week number 28, as against 22 last week and 17 in this week a ywir ago.—Bradstreet’s Commercial Report.