Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1900-04-28
GOLD Is GO|NGABR0AD
New Monetary Law Increases the
Circulation More Than Sufficient
For Home Business.
War Activity Makes Money Dsarer
and in Greater Demand in
Europe.
Tendency Towards Lower Prices for
u ~ Is
Tendency Towards Lower Prices for
Manufactured Goods-Trads
Reviews


scompany,s Weekly Review of Trade to-
Gay says:
Geld begins to so abroad and prices
of iron products break sharply III the
sulne week. Four months of the new
year have passed and business does not
SO expand as 10 need the large increase
of circulation which the new monetary
bill has permitted, nor enough to sus-
tain all the extraordinary advance in
prices last year. The abundance of
gold and of currency and the large dis
|bursements by the treasury in ex-
change for bonds, have rendered rates
for money unusually low for the sea-
son here. While rare industrial and
speculative activity in Europe With the !
War in South Africa have tended TO
make money dearer abroad So new
gold from Alaska answers the loss of
supplies from the Transvaal and Amer
lea builds up in credits abroad Il breast
work against prostration in future here
as in the past. caused by troubles in
Europe.
The reaction in prices came where ii A
was expected least. in the industry more
fully organized than any other to check
competition and in the branch which
| through contracts covering rod making
and other machinery and through pa
tents seemed more fullyscontrolled than
Igany other Reductions of $50 per ton in
Wire nails, barbed wire and galvanized
fence and SIS in smooth Wire showed
that no control can afford TO hold prices
SO high as TO check consumption. In
week the prices of iron products have
declined $50 per cent and since Febru-
ary Z, 103 per cent. AS the wire and
mail prices have been relatively the
highest. others in the iron and steel in
lldustry can be expected to fall in like
measure. Pig iron 10 weaker In the
minor metals the only change has been
lin tim which declined rather sharply to
s29.7755 in sympathy with lower London
Quotations.
The tendency toward lower prices is
strengthened by the idea that over
production may appear in other branch
IS. In COTTON goods after the rise of
about 30 per cent following the advance
IN cotton, it is asked whether the SUR
l5prising increase in southern output has
inotGut off part of the demand which
4 eastern mills find insufficient In staple
goods, no change is seen. but IN other
\ lines and fancy goods, irregularity is in
/ creasing and greater concessions are
i MADE for future delivery. Nor has wool
4 changed in quotations, tho some safes of
Il fair amount are reported at such prices
y as 81 cents for Ohio Xxx and 80 cents for
Il clothing territory cleaned but manu-
J. facturers resn0t disposed to do any
! thing. and the west asks prices which
II dealers have noareason for paying The
q demand for wooden goods is small and
/ disappointing, and except in staples,
Il Which are steady prices are not encour-
aging.
Shipments of boots and shoes from
4 the east in four weeks have been 3O6.-
s3332 eases, against 339 ,49S last year. New
4 business bears no proportion to the
4 present output and the number of works
4 which are closed or running part time is
increasing. Manufacturers realize that
"A this is a result of prices asked, and Of
q slow retail distribution, and large stocks
iEemaining on hand. but claim that low
err prices can not he made without loss
q Business in sole leather. is reported fair
and prices do not yield, but upper leath.
err is dull.
The product market is inactive. Tho
wheat yielded fraction and corr
llgained cent for the week. Exports OF
both continue larger than a year ago
Atlantic exports of wheat in foul
weeks, -four Included, having been S..
O99,56I bushels. against S.O17,4S5 las
year, and Pacific exports 2.725sl96 bush
els, against 1,3T3.s22 last year Corr
exports in the same weeks have bee,
2.432, $751; bushels, against 10, 062.5 22;5 las
year. Exports of merchandise from
8 New York in three weeks haze Deel
2 SS77.9 per GENT larger than last year, an,
with the aid of the heavy cotton move
ment the aggregate Of the month prom
ises to considerably exceed 800. 0OO. OOC
while imports here are 1876 per cen
: larger than last year. but will fail be
\ low exports by more than s30,000,OOO
Failures for the week have been 20
lin the United States. against 1874 las
year. and - in Canada against % las
Year.
Bradstreet's Review.
New York, April .-Bradstreets
today says:
Evidences of the fact that there ar
E now two sides to the general trade sit
D uation. where for a Year past ther
was but one, come TO sight each weel
Different sections of the country an
lines of business return differing re
ports, but that the situation as a Who'll
is a favorable one and suffers merel
Z by comparison With the enormous n
n almost feverish activity of some tim
ago is also evident. Including the grea
speculative Scenters the aggregate G
n business is undoubtedly larger than
u year ago and the business done eve