Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1908-12-03
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CHICAGO,


The Weekly Review of Chicago Trade,
published by r. q. Dun & Co. says:
Evidences of healthy recovery in com
merce become more distinct The recent
rise IN the volume of payments through
the banks is 6ccentuated by an aggre-
gate which is the largest in thirteen
| months and exceeds that of the CORE
spending week in 1906, when business
was exceptionally good.
Trading defaults also make a grarifv-
ing exhibit, both numbers and liabilities
being only one-haf those recorded at this
time last year.
Another gratifying testimony is seen
In the diminishing ranks of idle workers
and freight ears. Investment interest has
become very encouraging, safer balance
being established by the check 10 over
trading in Wall street securities. Money
is ample for legitimate purposes and the
discount rate favors renewed enterprise
along both industrial and financial lines.
| Local developments denote increasing
| activity in production and distribution.
Movements of finished products and crude
| materials furnish heavier tonnage to the
railroads, while marketings of farm pro-
ducts run above those of a year ago. No
table gains appear in forwarding of flour,
| provisions and live stock.
Ore receipts are ample for the winter
| consumption and new furnaces at Gary
Will start in few weeks. Heavy orders
permit more employment of machinery
and labor at Pullman. and in some iron
branches there is now day and night
work.
| Railroad returns testify to sustained
recovery in earnings of the ChicagG sys-
TENS, and more pressure appears for
| equipment TO market corn and live stock
within the next few weeks.
| Merchandise stocks undergo rapid re-
| duction, while the Injuries do fairly well,
particularly in furs, jewelry and art
wares. Mail orders disclose more conf
dence of country buyers and there are
substantial selections of spring and sum
mer staples House buying provides fair
| activity in dry goods, footwear, mems
furnishings and food products.
Bank clearings, 1896, 59S, $50, exceed
| those of corresponding week in 1907 by
35.4 per cent, and compare with $241,-
| 354, 400 in 1906.
| Failures reported in the Chicago dis
! trict number Is, against % last week,
SO in 1907 and % in 1906. Those with
liabilities over 5000 number ), against
10 last week, IA in 1907 and 10 in 1906"
NEW YORK.
Enlargement and expansion are still
| the dominating influences in trade and in
| dustry, and the volume of sales and of
! orders booked by wholesalers and manu-
| facturers continues to show gains, partic
ularly in the commercial ana manuractur-
| ing centerS of the North East and West.
Still certain evidences of irregularity
are found in the reports that mild wealth
er is restricting sales of winter goods at
| retail in the above sections. and southern
advices are that improvement IN that sec
ton is rather slower than expected and
that low cotton prices and holding of
that product by producers are checking
trade and collections.
Idle cars are reported growing fewer
in number rapidly. Heavier buying of
! pig iron is reported at the East and lake
markets are more active, but Pittsburg
reports transactions smaller. Prices are
| higher.
In wholesale and jobbing lines North,
East and West reports are generally that
trade is expanding, that spring purchases
are increasing and that stocks in final
distributors hands are light. Cotton
goods are growing in demand and prices
are being advanced.
Business failures in the United States
for the week ending Nov. 10 number 273,
against 267 last week, go in the like
week of 1907, 212 in 1906 224 in 1905
and 1913 in 1904. Business failures in
Canada for the week number 33, which
compares with % last week and 50 in
the same week last year.-Bradstreet'
| Commercial Report.