Rensselaer Semi-Weekly Republican, Volume 39, Number 95, Rensselaer, Jasper County, 2 August 1907 — COMMERCIAL AND FINANCIAL [ARTICLE+ILLUSTRATION]

COMMERCIAL AND FINANCIAL

CHICAGO. Despite the hot weather business activity is undiminished and production in the heavy industries is without abatement. A satisfactory demand coutinues in leading retail fines, removing anxiety as to the stocks to be carried over. Demand all through July was exceptionally 1 good and the usual clearance sales have made the preparation of impending inventories easier. Country merchants entertain confidence as to the outook, their opinions being supported by demands which show healthy expansion among the prosperous fanning communities. Increasing accessions appear in the numbers of visiting buyers and their operations in staples compare favorably with a year ago. Notwithstanding the increased failures iu this district, mercantile collections in the western states leave little room for complaint and credits generally maintain a satisfactory position. Crop conditions creat a favorable impression. Bank clearings, $230,259,787, exceed those Of corresponding week in 1906 by 12.4 per cent. Failures reported in Chicago district number 29, against 21 last week and 24 a year ago.—Dun’s Review of Trade.

NEW YORK. ’ High temperatures have stimulatedcrop development as a whole, helped retail trade in light summer wear goods and improved reorder business for thd latter with jobbers, all these influences favoring some growth of the feeling that early poor starts in crops and trade have been largely made up for. There is about the usual midsummer quiet in future trade lines, but fall samples are prepared, low rate excursions begin next month, shipments of fall goods are increasing and collections have improved at various markets. Industry exhibits a lull in some lines, notably iron and steel in its cruder forms, though-the immediate effect of the strike of iron ore miners in Minnesota has been to stimulate, temporarily at least, the demand for pig iron at all markets. Business failures in the United States - for the week ending July 25 number 155, against 177 last week, 171 in the lik.e week of 1906, 197 in 1905, 174 in 1904 and 190 in 1903. Canadian failures for the week number 27, as against 26 last week and 24 in this week a year ago. Wheat, including flour, exports from the United States and Canada for the week ending July 25 aggregated 2,376,543 bushels, against 2,210,770 last week, 1,708,705 this week last year and 6,974,526 in 1901. For the first four weeks of the fiscal year'tffe exports are 9,950,931 bushels, against 6,942,290 in 1906-07 and 21,000,194 in 1901-02. Corn exports for the week are 1,665,044 bushels, against 2,066,967 last week and 539,073 in 1906. For the fiscal year to date the exports are 6,554,490 bushels, against 2,662,553 in 1906-07.—Brad-street’s Commercial Report.