Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-08-06
BUSINESS FEATURES.

| July's record of commercial failures
supports the general prediction that
another season of "unexampled pros
perity" awaits trade and the indus
tries. According to Duns statistics,
commercial failures in the past month
in the United States were 73S in num-
Der and $6,919,014 in amount of de-
faulted Indebtedness. This is the best
month Of July in any recent year, and,
while the amount of liabilities was
somewhat larger than in July, 1905, no
other year of the preceding decade
made as good a showing, except 1899.
In the corresponding month last year
there were 1856 failures, involving So
14S,9aO. Manufacturing insolvencies
last month numbered IA, with liabil-
tiles of s2,761,640, against 173 failures
in the same month last year, when the
amount of Indebtedness was $3,5l9, 1883.
Trading defaults We're 500 in number
ana Ot,JO- III dllloolil, e1oeaiAAoN ~ /
failures in 1905, when liabilities were
s2.169,0s6. There were 25 other COM
mercial failures for $499,392, against 10
last year, when the amount involved
was s46O,105. Seven banking failures
provided $6O7,OO liabilities, while
there were suspensions last year for
s1,237.51S, and 10 in 1904, when the in
debtedness was $3,32O,2S9. Despite the
fact that all commercial liabilities in
July were about $4,000 larger than
in the same month last year, there was
a single failure of dealer in woolens
that supplied much more than this diff
ference in liabilities, and, even with
this failure included, the defaulted in
debtedness in July was much less than
in any previous month this year, and
the number of failures is about 200 less
than the average for the corresponding
month in years back to 1894. These
comparisons are the more striking
when it is remembered that the total
number of firms in business is con-
stantly increasing.
Leading business points furnish
commercial agencies reports as fol-
lows:
Boston.-The leading cotton mills
have sold the bulk of their output for
the balance of the year, with every
prospect of orders holding. Wooden
mills, especially those running on
worsted cloths, are actively employed.
The American Wooden Company re-
ports the most satisfactory trade in it's
history with several Of its leading
plants sold up. In raw wool there is
increased activity and better feel
ing. Shoe factories are busy and
promise to continue so. There is no
excess in the offerings of leather, and
tanners hold prices firm.
Philadelphia.-The wool market con-
tinues quiet, with no transactions OF
Manufacturers are not
purchasing in advance of wants, and
holders are not shading prices to close
sales. With the exception of the car
pet trade manufacturers of textiles
generally are we'll employed. Trade is
quiet with wholesalers and jobbers of
dry goods, and collections are littls
SLOW
Chicago.-This market is now we'll
attended by buyers from many states
and the indications are highly graft
flying for a very busy season. Already
large sales have been closed in dry
goods. footwear, woolens and food
products for early shipment, a large
of the buying being on
discount basis. indicating that money
is easy among western merchants.
Mercantile collections remain quite
Kansas City.-Retail trade is quiet.
Wholesale clothing business and coll
lections are good. Wholesale hats re.
port local trade quiet, but the country
demand is good. Wholesale furnish
ings are in brisk demand. Wholesale
dry goods are in steady demand, with