Rensselaer Semi-Weekly Republican, Volume 39, Number 2, Rensselaer, Jasper County, 7 September 1906 — COMMEPCIAL AND FINANCIAL [ARTICLE+ILLUSTRATION]

COMMEPCIAL AND FINANCIAL

“ The high position at CuiMIJO. business generally >» - strongly sustained, draw* •backs -due to the hot wave having but slight effect upon operations. New demands show no diminution in the leading branches of manufactures, raw ma*terial markets reflect heavy consumption and further firmness in costs, while distributive trade -steadily extends, particularly in the wholesale departments. Sales of the textiles and other staple merchandise are on a greater scale than at this time last year, and an important feature is the number of new accounts opened with buyers for the first time here. The accessions of- visiting chants afford much encouragement, and house dealings have assumed increasing force in dry goods, clothing, footwear, millinery, furniture and food products* Other lines making favorable comparisons with bookings of a "year ago are men's furnishings, woolens and liardWare. ~ . — —- ■■ ~Z~ The current; buying Includes many orders Tor early forwardings ; more than the ordinary proportion of bills take “advantage of d.iMbouiits, and with the present low state of country stocks the indications are good for profitable results. Price lists make a high average* for heavy-weight goods, hut lids does not interfere with liberal selections of necessities. Local retail trade is unusually good for midsummer, particularly ill the principal shopping district. Crop reiKirts confirm the former high estimates of harvest returns thus far, while weather conditions have most favorably advanced the growth of corn. These factors exert much influence uiion the future Course of the industries and more confidence is felt as to the outlook. Failures reported in Chicago district number 19, against 2S last week and 21 a year ago.—Dun’s Review of Trade. ~* “ * —| Fall trade has still furNew York I tiler expanded; buyers are in all leading markets in large numbers, and are operating freely despite temporary checks caused by hot or rainy weather. The same is largely true of industrial operations, which go forward with a steadily increasing volume of output and with available capacity in leading lines booked far alien J. This latter condition is perhaps best illustrated by reports from the iron and steel and cotton goods industries, which are in a very strong position, with prices tending upward and mills pushed to meet demands for delivery. The situation in cotton goods is particularly noteworthy, in view of the declining trend of the market for raw cotton. —Bradstreets’ Commercial Report.