Rensselaer Semi-Weekly Republican, Volume 39, Number 65, Rensselaer, Jasper County, 19 April 1907 — COMMERCIAL AND FINANCIAL [ARTICLE+ILLUSTRATION]

COMMERCIAL AND FINANCIAL

CHICAGO. Aside from the temporary effect of u»seasonable weather the prevailing condft ions Tin part sustained Strength to btudness. No interruption appears in production of the' leading industries, new demands come forward steadily and, with the resumption of navigation to lower lake ports, transportation of freight is more extended. Commercial loans exhibit the -greatest aggregate yet attained hers, but, -while the tone is easier, the discount rate may not decline appreciably until aTUrther-gaia in- deposits Advices testify to spring merchandising equaling expectations at most interior centers, farm work well forward and attention turning to extensive improvements. Distributive trade generally is upon an encouraging basjs here and in the West and ther r e is yet much activity in the jobbing branches upon demands for textiles, footwear, clothing, furniture and hardware. Some delays occur In forwarding general merchandise, due to scarcity in first bands, and road salesmen obtain good orders for summer staples, indicating that buyers have no loss of confident in the future. Manufacturing progress is unabated. The capacity of most plants is exerted to the limit, and the machinery and labor employe&_axceeds all previous experience in iron and steel, power, car and forge work. Failures reported in the Chicago district number 11, against 13 last week and 20 a year ago.—Dun’s Review of Trade.

NEW YORK. Trade and manufacturing conditions are in high degree favorable, despite the lull in demand usual at this stage of the spring season. Some odd cross-currents are visible because of the scarcity of stocks in so many lines, necessitating buying in other markets to eke out supplies sold ahead some time ago. In retail trade cold weather and bad country roads are a bar to fullest activity, but the volume of business as a whole exceeds the corresponding period in other years. Business failures for the week ending April 11 number 194, against 137 last week and IGI in the like week of 1906. Canadian failures for the week number 28, against 29 last and 15 in this week a year ago. Wheat, including flour, exports from the United States and Canada for the week ending April 11 aggregated 1,831,10") bushels, against 3,400,872 last week and 2,302,347 this week last year; for the last forty-one weeks of the fiscal year. 135,883.022 bushels, against 107,500,919 in 1905-00. Corn exports for the week are 1,475,719 bSfehels, against 2,917,004 last week and 1,725,799 a year ago; for the fiscal year to date, 50,059,579 bushels, against 99,699,135 in 190506. —Bradstreet’s Report.