Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-01-11
.BUY|NGON large SCALE
Purchases for the Spring Trade
Being Made in Large
Quantities.
Transportation Reaching to
Normal Conditions.-Prices at
High Levels.
General Outlook for Trade and
Industry Continues Very
Satisfactory.

New York, Jan. 1l.--R. q. Dun IL Co. s
| Weekly Review of Trade today says:
with the unprecedented holiday bust
more nearly adequate for regular re-
Quirements. Normal conditions have by
no means returned, however and it will
| be some time before shippers can safely
! guarantee deliveries on specified date.
! Buying of staple commodities is on
i large scale, fully sustaining quotations
at high level, except in the few instan-
ces where efforts were made to hold
prices above the point warranted by the
ratio of needs to supplies. Labor con-
tioverses are few and unimportant,
while the new year has brought advan-
ces in the rate of wages at many points
Holiday idleness, inventories and annual
overhaulngs We're all cut down to the
lowest possible limit at iron and steel
plants in the effort to meet urgent de-
mands from customers. Foundry iron
at the east is still scarce. high prices be-
ing quoted at Philadelphia. and Chica-
go mills can not secure material in de-
sired auantitise Altho railways largely
augmented supplies of rolling stock
during 1901, contracts for this years de-
livery aggregate many months full ca
pacity of shops, and in structural
shapes there is no prospect of surplus
in the near future. Weakness contin-
ues in the minor metals, copper selling
cents below the inflated price of a
month ago. Activity continues at cotton
mills, altho domestic buying Is on "a
moderate scale. Jobbing trade In wool
ems gradually expands, new lines selling
fairly at moderate advances over prices
prevailing year ago Worsted yarns
are scarce and firm. A further slight
rise has occurred in the average WOOL
prices and the tone is strong. Footwear
factories are we'll engaged on spring and
summer lines, with prices showing
firmer tone. Leather has sold freely at
Boston with quotations fully main
tanned, especially on hemlock and union
sole. Chicago packers stuhbornly hold
to former list prices, but the market is
weaker, both domestic and foreign hides
actually selling at concessions. Reports
of unfavorable wea Their in the winter
wheat regions stimulated prices and
there was further support In the gen
eral resumption OF activity at -four
mills, together with added inquiries for
foreign account Total exports of wheat
from the United States for the week
(four include1) We're, 4179262 bushels
which fell short of the unusually free
outgo of 51S9.T95 bushels year ago, but
most satisfactorily, when
the 10 cents higher price
now prevailing. The combination OF
many supporting influences tcck quota
tons above the highest point last year.
Corn was fairly we'll held in sympathy
with wheat but some soft spots occur
red as was not unnatural. in view OF
the fact that the price is now more than
so per cent higher than a year ago,
while Atlantic exports for the week
were 212941 bushels. against 4,543149 in
1901. Cotton was depressed by liberal
receipts. tho foreign conditions have :
New York, Jan. 11.-Bradstreet's to-
day says:
TRADE advices exhibit some irregular
ity, caused by weather conditions or
from the early stage of the
SEASON That considerable spring
business has already been booked is in
dicated by the heavy shipments of mer-
i 4,
iting broadening tendency. but here
also some irregularity is manifested,
owing to counter currents and technical
market conditions The growing ease OF
money is reflection of previously re-
ported good collections. following the
trade in the late months of last year.
There seems ground for the complaint ,
that rate cutting is proceeding actively :
u .,t,., r,,;ta no Soc AI1o
a sufticiency of business exists for all, !,
as evidenced by the continued COM !
plants of car shortage, altho some inn :
provement is noted this week in this
latter respect. Iron and steel produce
ton Is active beyond precedent for this ;
season of the year. and further advances ,
Of so cents and 81 per ton are noted in
pig, which is taking the place :
Of other grades at Chicago as result of !
due TO insufficient transporta- :
ton. The shutdown of Chicago furnaces
has caused an accumulation of coke suf-
ficient to allow several to resume. The
district iron and steel trade .
alone is said to be short 5000 cars. So +
full of orders are American rail mills !
that contract for 100000 tons for Next
co was sent to England this week, no !.
DldS pSlii6 iSCSlNSt. w III am &
nails have been at mark, but this eX-
ception has been partly remedied this
week by the advance of 10 cents for
nails, and less talk of outside COMPETE S
ton is heard Other metals are weak
The feature in the cereals is the unques- 5
.ionable growth of speculative feeling as I
effected in improved outside commits
sion buying of wheat, corn and oats,
while -four has also improved in general Q
lemand Crop damage in the southwest i
md reports of exceptional activity at I
st. Louis have been stimulating factors, \
,ut all thru the week realizing has been C
he restraining feature, sufficient in the
,ase of corn, aided by freer country Of
erings, to bring about a slight decline.
Exporters are still declared to be out of U
he market i'm this country for wheat, a
md despite good cables from abroad the {
advance in domestic markets has been
30 pronounced as to induce talk of re- I
shipments of American wheat from Liv
rpool. Wheat dncluding four) exports
or the week aggregate 3,567,710 bushels,
is against 4.S1S,41 last week. and 5.901,
95 in this week last year Wheat ex
,orts from July / to date (twenty-e eight u
veeks) aggregate 153.314.271 bushels, as O
gainst 102, S27,640 last season. Corn ex- 2
ports aggregate 1858 bushels, as 4
against 270,236 last week and 1887, 345 &