Rensselaer Semi-Weekly Republican, Volume 40, Number 34, Rensselaer, Jasper County, 3 January 1908 — COMMERCAIL AND FINANCIAL [ARTICLE+ILLUSTRATION]

COMMERCAIL AND FINANCIAL

CHICAGO. Business for the year ill isow VirtuMly completed, and the peceSsfiry' *pArteto--ttous r*pftirs*ta''mach) pef/• eifiglge’ i Deveiopttntms this week have not been without etfSourageinent for the future. Banking conditions 'inaffe'ff ilOser * approach to the normAlr jpkyiex iiM*re freely and . the • Uhristmas trade roir t,o proportions -|vhi(3j “iffcrta'ilng cbeerfiilifess Dx change .'Nexy. t3 Yoik.. ; . works i StHdotbiy, .country’ baiiks bid oftener for campertiaV paper -and the for local aeoo\yit is leSß.*i;igid* 4 ''still'f|uott‘cj at 7,-i>er cent, .Mercantile (SoWfictibhs hifife not ¥romi|Aneks aL.wtStern points, but they bring less: 'lrohble, and, the' -recntfL' of .defaults; re* thahis, cfiSlparatiyeiy. uniinportahf. , -Manufaethrifig reflect ftfrthcjj/turtaik'd prvUuctitfa dad -temporary r’iduefion in epaployed, , that inquiries afe aubstanfmiiy. better in pig iron and stroctUraS- steel, whif# the rail and wire mills have bookings- running months ahead. . . ; ’ Failures reported- ifr district number -22,: against 284 last week and lj a yea? ago. Those with liabilities ever $5,000 number 7, against 12 last Week and 4 in 1906.:—IWu’s Review of Trade. «* '•• *. . - . - . I ; t • NEW YORK. Trade as a whole has'been quiet and industry has slackened perceptibly, but the financial situation has eased, except where, as in the case of .New York, large end of the year disbursements have to be provided, for.: Mild weather is still complained of as affecting retail trade in seasonable goods, such as clothing, shoes, rubber footwear and kindred lines. At some cities the usual January reduction sales Were held in December, in many instances occurring before Christmas. Jobbing hade was quiet till after the latter date, when the usual clearance sales pf wash and other dress fabrics were made, arousing a fair amount of interest. Wholesale business has been quiet and both this line and the jobbing trade note the receipt of many requests to delay shipment of goods. Business failures in the United States for the week ending Dec. 26 number 246, against 300 last week and IGI in the like week of 1900, 212 in 1905, 218 in 1994 and 209 in 1903, Canadian failures for the week-number 50, as against 40 last week and 18 in this week a year ago.— Bradstreet’s Commercial Report. -