Rensselaer Semi-Weekly Republican, Volume 38, Number 81, Rensselaer, Jasper County, 6 July 1906 — COMMERCIAL AND FINANCIAL [ARTICLE+ILLUSTRATION]

COMMERCIAL AND FINANCIAL

Chicago. ,

The summer season of business activity is unlikely to be marked by much

of the customary cessation for repairs, this period surpassing all "previous in the accumulation of forward work among the leading industries. This condition gives unusual strength to current dealings and much confidence in the outlook. Wholesale selections in fall \Vares make an encouraging advance, while new demands for mill and factory outputs compare favorably -with a year ago, although bookings have lessened for rails and cars. Production is close to the capacity Inplg iron and steel, and steady growth appears in heavy hardware and machinei’y, electric supplies, footwear and furniture. . Mercantile collections are unusually good, more promptness appearing at far Western points. Advices indicate that country stocks of merchandise undergo seasonable reductions. Local retail trade has expanded, despite the rainstorms, light-weight apparel and footwear, being in much request. Wholesale activity is stimulated by moUe reorders for the interior aud the early selections for fall delivery. The< movement of commodities exceeds the great tonnage of a year ago, due mainly to extraordinary forwardings of furnace and mill products and enlarged grain marketings. The total quantity of grain handled at this port aggregated 8,650,419 bushels, against 8,G76.634 bushels last week. Receipts made the substantial gain of 28 per Cent over those in 1905, but the shipments decreased 10 per cent. Lumber receipts, 56,182,000 feet, compare with 54.735,000 feet last week. Hides received were .only 2,008,853 - pounds, against 3,066,161 pounds last week. Bank clearings, $205,229,595, exceed those of the corresponding week in 1905 by 9.1 per cent. Money TVffk unchanged at 5 and per cent. Failures reported in the Chicago district number 25, against 21 last week and 17 a year ago.—Dun's Review of Trade.

Nev York. |i 1 ’s

Relief from drought in many important' farming sections restored prospects

of bountiful harvests, aira the business of the nation has maintained a volume that is exceptionally heavy for the season. Some evidences of conservatism regarding production beyond assured demands are noted, but in many of the leading Industries contracts have been placed for the entire Output during the balance of the year, while steel mills are booked well into 1907. One of the best features of the week was the settlement of coal mining troubles in Ohio, concessions being made by both contestants that resulted in resumption of work by 35,000 miners.