Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1900-06-02
'|A[ TRADE CONDITIONS
REIMBURSEMENT of Prices to Meet
Changed Conditions Of supply
and Demand.
Heavy Failure in the Cotton Trade
Has Effect on Speculative
Element.
--
May Failures Large in Amount Of
May Failures Large in Amount Of
Liabilities, Tho Not in
Numbers.

says. 7si
While returns of failures in May by /
branches of business cannot be given
until next week, it can be stated that
not over six months in more than six
years have shown as large defaulted
Liabilities as May Will show, owing to
the failure of firm principally en-
gagged in cotton brokerage. The re-
ported liabilities OF this one trim eN-
coed those Of all firms falling in every
month but one last year and IN every
month but three in 1898. Manufacture T
failures in four weeks of May We're /
only S2,4S6,543 and trading failures Si,-
720.3Ol, While failures in brokerage ana
other commercial lines amounted TO
1892, SD. The decline in cotton to
cents and the reduction of regular
print cloths 10 81. cents at Fail RIVER,
with outside sales at 3 cents. Indicate !
that speculation III this case may nave
some what checked business and indus
try.
The rapid progress of events in AT
RIGA, with prospect that the War VIII
soon end and the gold supply from that
region will be resumed. has naturally
affected both money and security mar
kets on both sides of the ocean. Needs
of foreign borrowing may be much re-
duced and hindrance to foreign in
vestments here in a large measure ars
removed. But the demands upon
American machine works and other
supplies are likely TO be materially
increased whenever the restoration o.
Industries in South Africa begins.
The most conspicuous feature of do
nestle news is the steady progress to-
ward lower level of prices for the
chief materials of the industry. With 1
out excitement and with Very small
sales. it is believed the smallest ever
recorded in May al the three chief
eastern markets. except in 1888. prices
of Wool have declined so that the 1eO
quotations in Coates Bros. circular
would average about 2l.S4 cents,
against 224.72 al the highest point Feb-
5ruary ], and 1916 a year ago. The stag
nant and hesitating condition of the
goods market, tho not extending TO stie
most favorite staples. which Were
b largely sold early in the sesson, mas
+ caused much irregularity ~ prices OF
Is goods OF other grades 80 mat some
Il have been cleared ni4t by concessions Of.
4 Is 10 20 per ~, from the early quota
tons OF TIE season.
THE mango in hides has made
4 fna.ked progress also, the average at
chicago declining over per cent for
4 the past week, and thus far about IL
1 pc. cent from the highest point.
Orders for boots ana shoes have been
i reduced more than shipments, because
many WORKS had orders which are no5
ser exhausted.
The decline in pig iron continues
only small changes have appeared dur
& ing the Week in prices of finished PROF.
y ucts. but these are toward loweI fig
ures. There are current Statements
4 that some of the properties just taken
by the Steel sheet company have been
sold back 10 former owners and that
properties Of the steel hoop coiRpanS
4 Will be divided likewise.
4 Failures for the week have been ] 90
in the United States. against 145 last
4 year, and Il in Canada, against II last
4 year.
4 New York, June 22.-Bradstreet's says
to-day:
4 Readjustments of price quotations to
4 meet the changed conditions OF supply
4 and demand are still the leading fea-
lures Of the general trade. In volume
n The business doing is Of "a between-s sea-
4 sons character, Improvement in some
q lines being counter balanced by in
creased dullness in other branches
That the basic conditions of the trade
are in the main of a Favorable nature
8E however. is proved by the continued
good railroad earnings returns which
come to hand. The fact seems to be
that the volume of business offered the
transportation interests of thescountrJ
continues considerably in excess of q
year ago. Crop reports are relatively
most favorable as regards corn ano
l{oats. In the southwest wheat croI
prospects are still maintained al high
average. In the northwest wheat ha.
been helped by late rains, but owing Il
their late arrival 1t is not certain how
much benefit was obtained thereby.
Most prices are lower on the week
wheat noting fractional decline, de
spite unfavorable French crop advices
where an enormous reduction in yielt
lis predicted, and also rather blue re
Iports from the northwest early IN tn,
week. mended in some respects by tn.
Trains mentioned. Pork products hav,
sympathized With the downward ten
!. dency of values, aided thereby by in
creased receipts of hogs. Some furthe
liquidation has been noted in cottol
and the price has sunk to 8 cents. Ii
textiles the situation is rather de
pressed. altno some Improvement in re
orders for dry goods is noted at lead
ing iobbing centers. Print cloths hax
been marked down by the Fall Rive
committee, but this is merely tard.
recognition of hitherto unknown facts
manufacturers of WOODEN goods are on
of the market for raw wool and, the out
look at present favors the lightweight
woolens upon opening of lower values
i. Boots and shoes are dull and numbe
. of eastern factories are short of order.
! The hand to-mouth domestic den1an
for iron and steel continues. but tn
! number of small orders received
9 taken to indicate that consumers ar
= practically bare Of stocks and my gen
: eral shut down for months time, sue
as is proposed, might lead to scram
q BILE for supplies. Export business con
}. tinues good, tho limited by the scarcit
;. of freight room. southern pig iron an
. stael rails noting the most inquiry. TIL
= situation in the pipe market is no bet
I |. ter and plates are also weaker. Con
9 cessions of fractions Of dollar are ar
II nm ron flx, at1v oh for nier irov