Rensselaer Semi-Weekly Republican, Volume 39, Number 93, Rensselaer, Jasper County, 26 July 1907 — COMMERCIAL AND FINANCIAL [ARTICLE+ILLUSTRATION]

COMMERCIAL AND FINANCIAL

T CHICAGO. !-I Considering the hot weather which prevailed business has maintained a steady course. Commercial defaults seem to b» yet in excess of those at this time last year and are due mainly to the pressure of July settlements upon weak traders, ■- but the list includes none of special significance in the effect upon credits. Money ,is in wider request for mercantile purposes and the banks are adequately able to supply legitimate needs besides preparing for the approaching drain of currency to move crops, but the discount may soon turn firmer. Despite the high temperature and vacation season there is very little apparent interruption to production in the leading industries and distribution is remarkably extended for this period, retail lines scoring a gratifying reduction of stocks. g Visiting buyers attend the markets for staple wares in rapidly increasing numbers and their selections for early delivery rise to substantial totals. Activity expands in dry goods, boots and shoes,, clothing, furniture and food products, notwithstanding the advanced average ini price lists,,as compared with, a year ago.. Condition# in the manufacturing "branches lose none ~of-their remarkablestrength. Hides and leather move more freely, hard woods are in better request and shipments are larger of hardware, plumbing goods, merchant iron and wagons. - ■ , ' . . The total movement of grain at thisport, 6,934,248 bushels, compares 'with 7,818,947 bushels last week and 6,628,120 bushels a year ago. Receipts are 36.5per cent under those in 1906, while theshipments gained 117.7 per cent. Receipts of live stock were 298,329 head, against 236,998 head last week and 297,935 headlast year. Bank clearings, $237,746,630, exceed those of corresponding week in 1906 by 9< per cent. Failures reported in the Chicago district number 21, against 25 last week andi 10 a year ago.—Dun’s Review of Trade.

NEW YORK. Weather conditions still favor seasonable troie and crops, and there is no more than ordinary quiet noted in wholesale lines as a result of midsummer conditions and the reign of the vacation season. Retail trade especially is turning o»t rather better than anticipated. One favorabledevelopment certainly calling for notice is the continuance of good reports as to collections. Fair activity, with firm prices, is noted in wool. Large sales are few. Conservative buying of shoes and leather is noted in leading markets. In the leading industries there are some cross-currents. Iron and steel are quieter as a whole, with prices tending to ease, while copper is lower and stocks reported accumulating. In the shoe trade business is moderate. In the cotton gootls industry production is of record proportions, but still insufficient to meet demand. Business failures in the .United States for the week ending July 18 number 177, against 185 last weak, 188 in tha like week of 1906, 165 in 1905, 190 in 1904 and IS3 in 1903. Canadian failures for the week number 26, as against 28 last week and 18 in this week a year ago.—Bradstreet’s Commercial Report.