Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-10-13

cago's great merchants, and seems to
take pride in his mature age in accom-
plishing great things.
BUSINESS FEATURES.
Trade indications are favorable and
the outlook is encouraging, notwith-
standing several adverse features. as
the result of labor controversies.
In Boston there has been a brisk re-
tail trade in dry goods, footwear. cloth
ing and in all staple articles. The job
bling trade has also increased. Whole
sale traffic keeps up we'll, particularly
in footwear, the demand for which is
active. Wool is quieter after the eX-
traordinary business of the previous
fortnight. The demand for money is
not urgent, but sales are kept firm at Z
per cent on call and per cent on time.
At Pittsburg in the iron and STEEL
market conditions have not materially
changed. The supply of coke is SMALL
er. The contract price for coke this
year is 1926 per ton, but for prompt
shipments as high as $4.75 and $3.50
have been offered, yet there is little
coke to be had, except that already
contracted for.
In Chicago some liquidation in local
securities caused an average decline or
so cents per share in the price of ten
active stocks. The volume of sales was
35 per cent under same period last year.
No uneasiness is felt, the action being
largely in sympathy with liquidation in
the east. The stocks sold are now re-
garded in stronger hands and the
banks carry no disturbing loans. Out
side efforts to borrow in this market at
high rates of interest for stock opera
tfons met with little, if any, encourage
ment. Bankers are most disposed to
use available cash for the needs of les,i-
innate mercantile interests. The de-
mand for currency to move crops still
makes heavy drain. bul there appears
some increase in savings bank deposits
and a satisfactory reserve is maintain
ed intact, the banking situation being
adjusted to current condi-
tons. Discounts on the best commer-
cial ma per are 6 per cent. Offerings are
of fair proportions. October interest
disbursements are larger than year
ago. and this release Of money is OPP
portunely helpful. Bankers expect
steady gain in deposits during the next
few months, but that feature will prog
ress slowly and money may not become
cheaper before January. Retail and
iobbing trade continues good.
At Minneapolis the milling situation
continues to improve, according to the
Miller. The flour output
for the week was 374.360 barrels, as
against 354, 01O barrels in 1901, and 321,-
355 in 1900. All the local mills are runs
ming to their full capacity this week
and record is expected. The mills
sold considerably more than their out
put at fair prices, andsta considerable
export trade was closed.
At st. Louis interviews with people
from the different sections represented
confirm former reports as to the favor
able financial condition OF the farmers.
and as to the general yield Of the vari.
Gus crops as they have been reported i'll
the dispatches. Several OF those in.
teryiewed expressed the opinion that
the farmers generally would hold back
their shipments as long as possible, and
that good portion of the crop would
be stored in country elevators. This ac-
counts in a large measure for the light
err receipts than those anticipated by
the elevator people here. Country mer-
chants among the visitors confirm the
statements of the farmers, and say that
retail trade is good and generally on
cash basis Collections on outstanding
accounts are above the average.
The tenor of all reports-north,
south. east and VESTS favorable as to
retail and jobbing trade.
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