Rensselaer Semi-Weekly Republican, Volume 40, Number 12, Rensselaer, Jasper County, 18 October 1907 — COMMERIAL AND FINANCIAL [ARTICLE+ILLUSTRATION]

COMMERIAL AND FINANCIAL

CHICAGO. The prevailing tendencies afford further encouragement in the outlook for sustained confidence m trade. In the crop re-. port this week, the decreased growth of cereal# is made clear, but an offset isfound in the greatly enhanced values -and almost certain markets abroad 1 for'' surplus products. Less pressure is evident in money and, witffltuFrapid conversionof grain into cash, there should follow /a ’substantial addition to deposits w-ith th-j banks and some easing of the discount rate. Current activity reflects seasonable progress, production in the leading industries equaling that of a year ago, while the distributive branches and transportation have become more extended. Aside from the halt In - new demands for railsand pig iron there are satisfactory contracta in structural steel, wire and pipe, — and deliveries of finished materials have again risen to an enormous aggregate. Bank clearings, $249,645,775, exceed 1 those of the’corresponding - week in 1906by 14.8 per cent. Failures reported in the Chicago district numbered 24, against 25 last week and 22 a year ago.—Dun’s Trade Review, NEW YORK. Stringency in money market conditions, delay in movement of some leading crops to market and unseasonably warm weather in some sections have operated to check the fullest development of wholesale 'tracer for next year and of retail trade in seasonabje goods. It is worthy of note, however. that western, southwestern and southern jobbers report an increased volume of recorder business, indicating that country merchants have had a prosperous fall season so far, and that early conservative buying neewssitatas repair of broken stocks. Collections are irregular, some improvement being noted in the South, where the cotton crop has moved in good volume. Business failures in the United States for the week ending Oct, 10 number 192, against 177 last week, 192 in the like week of 196 and 18£L in 1905, 196 in 1904 and 208 in 1903. Canadian failures for the week number 24, as against 32 last week and 18 in this week a year ago.:— Bradstreet’s Commercial Report.