Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1900-05-12
PRICE LEVELS LOVER
Business Adjusts Itself to the De.
cline in Values Without Sign
Of a Panic.
Industry and Commerce Now on y
Healthier and Safer
Basis
Outlook For the Summer is Encour.
aging Dun and Bradstreet's
Reviews.

New York, May 12.-R. G. Dun & Co. s.
Weekly Review of Trade today says:
( With Wholesome promptness the
country is recovering from the embar-
rassment of unnaturally high prices.
In some lines the great manufacturing
associations have taken the lead In
others reduction is still deferred be-
cause the entire producing capacity is
engaged at high prices for some months
to come; in others it comes in spite of
Resistance because buyers hold back or
ders fer their own protection until ma
terial concessions are made. No dis
turbance nor stringency of credits i'e-
suits nor any sign of alarm and the
movement is perhaps more healthy
than itfcouid have been if entirely con-
trolled by he competition of many
small concerns The proportion of
works and of hands employed is yet
quite small and the volume of business
transacted tho less than last year in
New England and in the middle state
cities, is larger than ever before at
tifty-four ont of sixty-three clearing.
houses in the entire region of West
Pennsylvania and south OF the Posos
mac.
Production stimulated by high prices.
rises above consumption retarded by
them. The weekly output of pig iron
May 1 was 2aS,S50 tons, against 2S9.iS2
April l.. while unsold stocks not held by
the great steel concerns Increased i4,645
tons. Besseners pig at Philadelphia and
Lehigh Valley No here are quoted at
$50 per ton and market wire has been
reduced in correspondence with barDed
and plain. Considerable increase Of
business is reported resulting from re-
cent reductions. but demands for high
#era wages and also for closing of some
iron works two months III the year
Whether there is business or, not causes
some hesitation regarding further con-
tracts.
Wool Yields a little more. chiefly in
the fne, grades. a decrease of nearly
10 per cent at the London sales is one
cause. but IA more potent eneis the con-.
,inaed abstention of manufactures.
Who do not find the market fer goods.
al the advanced prices. Cancellations
cause some trouble and slow payments
StlIl!e ana
regular and in unsatisfactory demand.
The silk market has fallen sharply 30
TO 30 centsefor the different grades. The
opening of Philippine ports has also re-
auced the price Of hemp.
Shipments of boots and shoes from
the east for the first Week Of May.
were smaller than in the cores ondinss
week of every year save one since sol.
Prices asked are practically as high as
they We're Jan. i. tho leather averages
"a per cent ioWer and hides about 10 per
cent lower.
In spite Of good exports wheat pros
poets suffice to cause a decline of 13s
cents. While corn mas declined 22s cents
Germ exports in twoWt..sks, 6,S50.6oO
bushels. q against 4,12o,666 bushels last
year. and Atlantic exports of wheat,
-four included. have been in Two weeks
5.199.50s bushels, agains; 5.2S6.705 bush
els last year, with Pacific exports 1904. :
l6a7 bushels, against 1,osa,l32 bushels
last year.
OF both grains the movement from
I the farms is large en3ugh To dispe! al
/ fear that the supply Will run short.
Failures for the week have been 10:
in the United States, against l65 las
year. and fifteen in Canada, agains
twenty last year.