Rensselaer Semi-Weekly Republican, Volume 40, Number 18, Rensselaer, Jasper County, 8 November 1907 — COMMERCIAL AND FINANCIAL [ARTICLE+ILLUSTRATION]

COMMERCIAL AND FINANCIAL

CHICAGO. - The effort to strengthen credit inr this center makes satisfactory head* way and with less difficulty than was feared. Protective measures enforced by the banks have won public co-opera-tion, hnd it Is clear that unprecedented gold Importations pointed this way and substantial additions to circulation by most of the local national institutions miibt materially assist in relieving the stringency In money and permit an early resumption of normal conditions. Considering the disadvantages which trade has experienced, It is not surprising to find recessions in new demands and some decline in prices in primary markets. That business is yet at a jjjgh* level is evidenced by payments through the banks in excess of those in the same week last year, although under IBe total last week. —froa—and—steep contracts keep- the furnaces and mills busy, and heavy deliveries continue of furnace product, rails, structural shapes and factory outputs. Activity is well sustained in forge and foundry work, heavy hardwear, machinery, furniture and footwear, and the absorption of raw material generally is unabated, except lumber, which feels effect of lessened building demand. Failures reported in the Chicago district number 27, against 28 last week and 22 a year ago.—Dun’s Review of Trade. NEW YORK The country at large has this week felt the after effects of last week's financial disturbances at New York and other eastern cities. Naturally there has been some dislocation of the country’s business, notably in the item of the domestic exchanges, which has reacted on the collecting and forwarding forces by for a time stopping the buying of wheat in the Northwest and of cotton at the ’South, and there has also been a sensible quieting down of jobbing trade activities, some reduction of forces in railroad improvement work and in other industries, and some effect also upon retail trade, Which: however. ; aided by fine fall weather, has given a good account of itself this week. In the dry goods trade there is a. greater disposition to concede that a lower level of values for several lines of cotton goods Is likely. Business failures for the week ending Oct. 31 humber 223, against 220 last week, IG3 in the like week of 1906, 160 in 1905, 200 In 1904 and 216 in 1903. Canadian failures for the week number 25, as against 39 last week and 21 in this week a year ago.— Bradstreet’s Commercial Report.