Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1905-08-07
Passing of the Danger Point by
the Corn Means New Era
In Trade
PROSPERITY FOR RAILROADS
Earnings Of the Roads Will be Greatly
Increased by the Big Grain Crops of
the Country - Henry cIews' Reviews
the Financial Situation - The News
in General.

New York. Aug. 7.--Henry Clews, in
his weekly review of the financial Sit
uation says.
Everybody in business is now watt
ing for the great corn crop to pass the
danger point, which, barring wide
spread and increasingly impossible
disaster it will do in the next two or
three weeks. Crop reports during the
week, have, taken altogether, MAIN
tanned their favorable character, tho
the governments report on cotton
which is this month issued with prop-
err precautions to insure its accuracy,
confirms other authorities that the
cotton yield will be considerably below
that of last season. Much interest at
taches to the August report of the de-
partment of agriculture on the grain
crops, which will appear at noon on
Thursday next. Wall street is looking
forward to one of the most prosperous
years in railroad history. The earn
ings of the great granger roads, when
the crops begin to move will make
comparisons with a lean wheat crop
year, and these comparisons may be
expected to present a long series of
stimulating influences turnout the au-
tumn and winter. A large crop of
corn. such as the present promises to
be, has many ramifications. There is.
in the first place, the railroad traffic
on the corn itself, and the greatly in
creased traffic of the many products
especially In the great provision indus
try. Then comes the enormous traffic
incident to the great prosperity thru
out the vast corn belt that a bumper
harvest at high prices means. Our
country is essentially an agricultural
country; it's wealth comes from the
ground and the prosperity of the pro-
Queer quickly spreads to the entire
fabric.
Aside from high prices and the pos
sibility of the money situation becom-
ing so active as to constitute an adj
verse factor, the immediate situation.
both from financial and trade and an
industrial and agricultural standpoint.
remains distinctly favorable. Railroad
earnings are fully maintaining their
recent records, and bank clearings
not alone at New York, but throughout
the country, are making new records
monthly, the July totals showing d
gain Of rs per cent over July year
ago and Of 6 per cent over the largest
July total heretofore recorded-that OF
1902. Another striking feature Is the
official report Of the New York State
superintendent of banking, showing for
the year ending with June the enorm-
GUS increase of 3S5,S36,000 in deposits
in the savings banks of the state.
And our foreign commerce is keeping
pace with our internal trade. AS noted
in these advices last week, the fiscal
year ending with June made new rec
ords both as to imports and exports OF
merchandise; and such official returns
as have been made for the month just
ended indicate an active continuance
of these favorable conditions. The
United States appraiser at this port.
for instance, gives the appraised value
of merchandise imported in July at
$51 200, 900, which is an increase of
more than $10,000,000 comparing with
the corresponding month year ago.
This growth in import value-which
means corresponding increase in
revenues-is matter of
considerable moment at this time, and
will become increasingly important
should it continue, as 1T promises to-.
until congress meets in November.