Dakota farmers' leader. (Canton, S.D.) 1890-19??, 1908-11-06

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CHICAGO.

Tho Weekly Review of Chicago Trade
published by r. G. Dun & Co.. says:
Statistical comparisons now begin with
che week a year ago when the depression
started. Further evidence of sustained
recovery is furnished by increasing pay
ments through the banks and a CONNER
cial mortality which is lower than the
corresponding weeks of 1907 and 1905.
Distribution of finished products and
general merchandise exhibit Il wider vol
ume, although variable weather retards
a seasonable absorption in leading retail!
branches here and at the interior. Ag-
| ricultural reports are more gratifying.
corn being in good condition and rains
ample for the completion of winter wheat
seeding.
The markets for the principal grains
show decline in values and the aggregate
movement here is smaller, but -four sales
remain exceptionally heavy, and there is
strong buying of 10Th provisions and live
stock on improved supplies.
Wholesale markets disclose 4 lighter
attendance of outside buyers and house
dealings in the staples are less active,
although the comparison with this TIM
asst year is not unfavorable in textiles
and fabrics, clothing and footwear
Manufacturing generally advances as
we'll as expected, especially in iron and
metal working. but the underlying condi'
| lions form Il healthy basis for improve
ment in the near future.
Delayed contracts were closed TINS
| week for considerable tonnage of struc-
tural steel and rails. Rolling stock is
now in better request. more cars beng
| requisite to meet the expanding freight
offerings.
Money is in abundant supply and rates
for commercial paper average about 40
per cent for choice needs. The outgo OF
| currency to move crops has slackeneu,
and there is quiet in investment opera
tons, commitment being mainly sus-
pended init the election is over.
Bark clearings, $25O,O23,574, are 60
per cent under those of corresponding
week in 1907. Failures reported in Chi
cago district number IS, against Il last
week, % a year ago and Il in 1916.
Those with liabilities over $1,000 number
), against 2 last week. 6 a year ago and
I in 1906.
NEW YORK.
Retail trade still reflects the influence
of warm weather and the approach OF
tleCIlOu &c LIZ otlrA oS 49,
heavy buying and the projection of new
, enterprises. However, there is more do
ing and more confident buying of raw
material by manufacturers, who apparent
iy forecast a change for the better in the
latter part of this year or the early part
of next.
The large movement Of wheat to mar
ket is responsible for the optimistic
I..o- &c frnr, IictrjhntlVa rpn-
ters in the Northwest. Effects of the
drought are shown in almost total suspen-
sion of steamboat traffic on the Ohio
river and its tributaries, the holding up
of large quantities of coal along that
stream. the prevalence of destructive for
est fires and the low stage of water sup
plies. REPORTS as to collections vary, be-
ing best in the Northwest and poorest in
the South.
The situation in textile lines is inter-
estins and not without encouragement
While jobbing trade is confined largely to
small immediate shipment or flling-fn
orders, there is fair activity in the Chi
cago district and farther west, where the
breaking Of the drought has helped senti-
ment.
More interest has been developed In the
iron and steel market, and considerable
new business has been done in the East
in basic pig.
business failures in the United States
for the week ending Oct. % number 231,
against 244 last week. 22O in the like
week of 1907. 1874 in 1906, 17S in 1903
and $50 in 1904. Business failures in
Carada for the week ending with Oct.
% number 81, which compares with ~
| last week and 80 in this week last year.
-Rradstreet's Commercial Report.