Rensselaer Semi-Weekly Republican, Volume 40, Number 25, Rensselaer, Jasper County, 3 December 1907 — COMMERCIAL AND FINANCIAL [ARTICLE+ILLUSTRATION]

COMMERCIAL AND FINANCIAL

CHICAGO. ' —; y Measured by the volume of payments through the banks, the check to trade shows leas severity tad for the month bus far the average is under 15 per cent. The situation as to money is brighter, al- - though an immediate return to the normal status requires more deliberation. The demand for currency remains acute. More encouragement is derived from the constant additions to note circulation and Specie. Interior calls for funds are now more easily satisfied. i—i Most mercantile lines have felt the adverse turn and there is more caution exercised in the present emergency, yet the hindrances do not obscure the outlook for better results from now on until Ohristirias. There may be more retrenchment in industrial branches, but the prevailing tone favors a restoration of healthier financial sentiment as the best encouragement for the future. Less new building affects the planing mills and lumber market, and arrivals of raw materials are under those at this time last.year, while prices mainly areeasier, particularly hides, which are the lowest average, recorded for some years past. Failures reported in the Chicago district number 36, against 26 last week and 26 a year ago. Those' with liabilities over $5,000 number 14, against 7 last week and 10 in 1906.—Dun’s Review of Trade.

JffiW-YOEK ' While the number of cities report that the tone of affairs has taken a turn for the better, actual business, taking the country aa. a whole, shows an increased degree of quiet both at wholesale and retail, a working out of the continued scarcity of currency of lessening activity in industries and of the continuance of unseasonably mild weather, with its natural effeot upon distribution of winter good?. Business failures for the week ending Nov. 21 number 263, against 259 last week, 212 in the like week of 1906, 224 in 1905, 193 in 1904 and 167 in 1903. Canadian failures for the week number 35, as against 45 last week and 27 in this week a year ago.—Bradstreet’s Commercial Report.