Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-11-23

instead Of gain by It's action. The gov
eminent shops will remain open and II
will have succeeded only in establish
ing in the public mind well defined
fear that the object Of the organization
contemplates as much the subsection
OF others as the Acknowledgement OF
labor.
BUSINESS FEATURES.
Labor organizations are wisely ac-
cepting reductions in wages without
controversy. which removes one threat
ening industrial factor, and in several
branches OF business orders are more
numerous. but in the steel industry
there is little expectation OF liberal
buying until 1904. Construction work
is decreasing. despite optimistic reports
of more building permits issued las,
month, than a year ago. Mid weather
still checks distribution OF merchandise
usually in brisk demand at this season,
which is reflected in restricted activity
at wooden and worsted mills and cloth
Ing factories. There is not the COM
plant Of traffic congestion that was so
frequent last year at this time. railway
earnings 81 per cent higher than In
November to date in 1902, testifying To
the increase in facilities. Failures are
| Ia n N
only fairly prompt, but the monetary
pressure is being relieved by moderate
-,norts of gold, while the total gold
coin and bullion In vaults OF this gov
eminent has established new high
record at over $665. 000, 900. Agricultural
returns continue highly gratifying, and
foreign commerce shows large gains
Contraction of speculation accounts for
most of the loss in bank exchanges al
New York. which were 31.7 per cent
smaller than in the same week OF 1902
while at other leading cities the aver
age declined only 4.S per cent.
A week has passed without any fur
Their material reduction in prices Of
iron and steel. and sentiment in tbs
trade favors stability at the pres
ent position. There is little expecta-
ton OF any revival until and after the
end OF the year. as it Is the season when
Quiet conditions are customary. Orders
for cotton goods increase gradually
both for immediate shipment and for
ward delivery, and there is less dispo-
sition on the part Of purchasers to Sc
cure concessions In quotations. Trade
is by no means active, hut supplies arc
low. and consumers are beginning to
realize that. aside from speculative
fiurries. the level OF raw cotton prices
must continue high. Wooden goods
await the stimulus Of lower tempera-
ture.
Special reports from branch offices Of
R. G. Dun & CO., throughout the win
ter wheat belt, indicate that while
planting was somewhat delayed by dry
weather, q large acreage has been
seeded and the situation Is satisfactory,
with prospects generally promising a
good crop next year in SO far as can be
Judged at this date. Early In the week
there was increased interest on the
part of foreign buyers. but prices rose
sharply. and the total movement FOR
the week from all ports Of the United
States, Including flour, was 1852. 06c
bushels, against 1852, 195 bushels last
year. Arrivals OF wheat at western
ports were liberal. S.35s.644 bushels,
comparing with s,015.071 bushels in the
corresponding week Of 1902 Corn
fluctuated within narrower limits litte
aggression being shown In spe culation,
and interior receipts aggregated 2.34s,-
145 bushels. against 2,6os.ss0. while at
Atlantic coast ports the outgo was $751;
SAT bushels. compared with 1928 a
year ago. Best prices for cotton were
not maintained. despite vigorous ma
nipulation and heavy option trading
October proved quite as remarkable
month in respect to foreign COM
merce as weekly reports Indicated. the
feature being the almost unprecedented
outgo of cotton. or exports valued at
$3.50, 370.059. cotton alone supplied $780,
2s3,412, an amount only exceeded in
one month In the nations history. Oc-
tober. 1900. when the movement was
about $4,000 bales larger, but in value
the difference was less than 100000,
owing to last months average price Of
10.1 cents a pound. In total value OF
both exports and imports, this nations
foreign trade in October far eclipsed all
records. with the single exception OF
December. 1902, and the margin in ia
vor of that month was Insignificant
/ ~