Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-06-08
BUSINESS FEATURES.

damaged property and delayed tratti
southern manufacturing center, ex.
cessve rains retarded planting anc
otherwise injured crops Ut many west.
ern points. while on the other hant
vegetables and fruit at the east thr,
drouth, and great timber tracts have
been devastated by fire. While all OF
these disasters will exert only loca
Influence, the combined reduction ii
purchasing power must to an appre.
lciable extent diminish the distribution
4 OF merchandise. 1t is somewhat doubt
full whether any material loss of the
great staple crops will follow, as it has
become almost an axiom that excessive
moisture never produces great fam
inc. The week opened With further
large addition to the army of the UNI
employed, but many plants have since
resumed, and settlements of other dis
/ putes will take effect today. Dispatches
regarding trade conditions at the lead
1 ing cities are generally encouraging: at
Baltimore shipments of spring clothing
are large, dry goods conditions are
prosperous, and duplicate orders come
| forward freely in staple lines; Phila-
issued in May than last year, despite
| labor troubles, but work is suspended
on S12 100000 worth of structural work.
and the textile industries are also badly
| interrupted; weather is favorable for
trade in seasonable merchandise at
Boston, shoe shipments are very large
burt demands from rural districts are
adversely affected by drouth; Chicago
reports trade depressed somewhat by
cold weather altho the movement of
merchandise is still heavy and the la
Dor outlook has improved. Railway
earnings in May were 12.7 per cent
larger than last year and 25i per cent
greater than in 1901. Bank exchanges
for the week at New York We're 1914 per
cent larger Khan last year, and at other
leading cities the increase averaged 40
Der cent. No great activity has been
stimulated in iron and steel, but the
hardness of new business is attributa-
bic TO the period of inflated prices, not
to a lack of consumptive demand An
thracite coal output for May was
100000 tons. No material improve
ment is shown in the textile industries.
Footwear prospects are bright, buyers
of cotton still conservative and woolens
unchanged.
Farm products fuctuated little until
late in the week, when reports of in
jury produced sharp advance. on the
theory that scarcity of lay and fodder
would make heavy demand for grain,
Wheat prospects are still very bright in
some sections, and aside from such loss
as may be caused by rust In regions of
excessive moisture. big yield is an
acipated. Statistics of movement were
restricted by the holiday and also by
traffic interruption, receipts of 1,543.-
il5 bushels comparing with 2,444,2O5
bushels year ago. while exports of
wheat, including flour. from all ports of
the United States aggregated 3.641,517
bushels, against S,743,244 bushels last
year. Corn has been put back more
than wheat, but the acreage is very
heavy, and receipts for the week were
S,llO,l14 bushels, compared with 3.475.-
i03 bushels year ago. and Atlantic
coast shipments were S55,437 bushels, |
against 6s,ss7 last year.
Commodity prices did not alter 70
any important degree in the aggregate
during the month of May, Dun's Index
Number on June of $9S.936 comparing
with S9S.561 month earlier. Yet it |
was month of erratic fluctuations.
particularly in the great staples. |
Weather conditions produced numerous
but in their effect upon the
cost of living the declines almost neu- |
- ''i'"ea 'hc iiiiiuchSe VI lIe advances.
Compared with the level of prices a |
year ago there appears a decline of %
per cent, the fall being most pro-
nounced in breadstuffs and meats.
Clothing and metals are maintained at
a higher position, every cost of produce
ton being enhanced in these industries.
Securities again averaged lower for the
week, the sixty most active railways
falling $21,13 below last Years highest
record, despite several rallies on ru-
rlors of important deals. The chief un-
settling influences We're crop losses and
a further large outgo of gold, making
the total over $l7,O0O0OO since the
began in April. As yet there
has been little evidence of higher rates
FOR loans, and the total money in cir
culation on June | established a new
nigh record at s29.G4 per capita.
An erroneous impression will be re-
seived by those who consider merely
he aggregate liabilities of .nsolvencies
Turing May, which were s12,314,206,
7gainst S9,109,S40 in the same month
asst year. An increase cf 80 per cen.
n amount of defauIted Indebtedness
you'd naturally indicate a month of i