Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-06-30

satisfactory and trade is well MAIN
tanned, altho low temperature inter-
fered with the distribution of midsum-
mer specialties. Probably this business
has only been postponed, however, and
sales will be made later in the season.
I Manufacturing operations have in
creased in activity, especially in the
iron and steel industry and textile pro-
Iduction, while the constructive work on
new buildings and bridges is very
heavy. Labor difficulties have not i'm
proved in the anthracite coal region,
Ebut numerous settlements have been
effected elsewhere. Railway earnings
! thus far reported for June exhibit an
average increase of 4.6 per cent over
last year and III per cent over 1900,
while bank exchanges for the week at
this city We're only 1872 per cent small
er than a year ago, altho the ratio of
loss in stock speculation was much
! greater At leading cities outside New
York clearngs were IS per cent larger
than last year.
Most of the blast furnaces that were
stopped by the scarcity of anthracite
coal have resumed with coke, of which
the ovens have established new rec
ords of output, and shipments have
been still larger owing to the stocks ac-
cumulated during the car shortage.
4 Despite the vigorous pig iron produc-
ton, numerous contracts have been
placed abroad. and still the machine
shops, manufacturers of stoves and
implements, and consumers generally
are seeking deliveries. Structural
shapes of steel and all forms of rail-
/ way equipment continue to lead the
market, orders in these lines running
/ far into next year.
/ Wooden goods have been taken more
freely, especially the better qualities,
and clothing manufacturers are pre-
4 pairing for a large fall trade. Raw wool
lis in better request at eastern markets,
but the new clip is held at premium
/ IDaI llIflllS lldtc.
turers of footwear report a larger vol
ume of contracts, mainly for delivery
lin August and September. There is
still some conservatism regarding the
future of this industry, and no later
business has been placed.
Agricultural prospects are far above
the average. and rapid progress is
made with winter wheat harvesting.
Each day puts much grain beyond the
4 reach of harm, and advances other
growing crops nearer maturity. De-
lIays have been encountered from heavy
rain, while injury has occurred in the
4 southwest from drouth, but these adj
verse influences are less extensive than
usual. Wide differences between cash
prices and next crop options Indicate
4 the views of traders. The week brought
little alteration in spot quotations,
light supplies holding all cereals fair
'Ily steady. Altho total exports of wheat
for the crop year ending today will eS-
coed all previous records, the last
weeks outgo was only 2,36S,529 bush
els, against 4,1O2,651 year asp. At
Ilantic coast exports of corn for the
week were 1O2116 bushels. compared
with 1,913,432 in 1901.
Aside from heavy arbitrage selling
early in the week there was nothing to
arouse the stock market from its leth-
argy. Foreign offerings were absorbed
without causing much depression,
which was mainly due to the general
lbelief that American stocks are no
longer held abroad to any great extent
A few years ago this market would
have been more susceptible to crisis
abroad. The money market is remark
ably easy, considering the enormous
tdiyidends about to be distributed. Gov
eminent gold holdings have made new
high records each day, SURPRISING
s55S. 0O0. 900, but the outside market has
mot suffered by this boarding because
. Klondike gold has begun to arrive, and
treasury QeDOSilS Will tAtS H'tiAANS - y
very heavy, while therwar taxes VIII be
removed tomorrow. Foreign exchange
became slightly firmer, reviving talk OF
gold exports, but no engagements were
made
liabilities of commercial failures for
three weeks of June amounted to So
Io47.347. of which $1,577923 We're IN
manufacturing, $3,049,463 in trading,
land sl,419961 in other lines. For the
same week last year liabilities were
Sc s1s1so, of which sS,os2,1o7 were in
manufacturing, s2,332,7I in trading,
ana s59S.332 in other lines. Failures for
the week numbered 200 in the United
states against 204 last year, and 20 In
Canada against % year ago.
, IOWA OPINIONS AND NOTES.
"Judge Elwood was defeated because
of certain WELL known political mach1-
! ~,