Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-11-11
BUSINESS At LEADING POINTS.

weather aid the holiday combined tc
make the volume of business smaller
than usual last week. but the situation
Is more encouraging because of gen
eral belief that the financial storm h's
been weathered remarkably we'll. About
$40. 100000 In gold was secured abroad
official rate of discount high enough
to check the movement, and returning
confidence is evidenced by deposits OF
boarded money. 1t will take some time
to restore all this cash to circulation
but the treasury has given further re-
lief, and the banks are Issuing notes
freely. Leading Industries are handi-
capper by lack of funds and so many
contemplated undertakings have been
deferred that working forces are re-
duced, especially ut steel mills. Prices
of commodities have declined still fur
thereby, but for the last week foreign
commerce at New York showed loss
of S2.512,691 in value of merchandise
exported as compared with the same
week last year., while imports gained
s165, 061. Failures In October were L.
1879 in number against S3s in the same
month last year, and liabilities OF We
414 900 compared with $10,553,T14. The
amount OF defnulted Indebtedness last
month exceeded all monthly records
since September, 1896, but the cause OF
the heavy mercantile mortality was
much less alarming than at the carrier
date. The recent trouble was chiefly
due to the inability to raise money to
finance the large volume of business,
whereas in the previous decade there
was a lack Of business.
Chicago Mercantile collections
have become more difficult, especially
at ainterior points where currency is
scarce, but credits cause less appre-
tension than was feared and are ex-
pected soon to recover from their tenn
porary disarrangement. Advlces indi-
cate that country store trade maintains
seasonable proportions. and with the
colder weather there is an increased
movement of heavy weight apparel and
household necessities. Farm work and
improvements involve considerable
buying of supplies. including tools, I'M
nlements. hardware and lumber. Local
trade in the leading retail branches
holds up well, and merchants freely
adapt sales to payments by checks
elphia.-Financial conditions
continue to limit local trade, tho man
ufacturers generally continue busy, but
collections are slow. Wholesale dry
goods houses and jobbers of Wooens
find it difficult to obtain sufficient
goods to supply the demand and man
ufacturers of cloaks and suits have
exceeded last years business.
Boston, Trade conditions snow
slight Improvement notwithstanding
the monetary stringency. Dry goods
jobbers report a larger volume OF bus
mess in small orders for goods for i'm
mediate delivery and there is q more
confident feeling that retail stocks are
being reduced. Collections also are
better. Wholesale business generally
continues slow and buyers are not OPP
Grating for future delivery unless
forced to.
Worcester.-Trade has not been ser
iously Interrupted by financial condi-
lions, but dealers show marked con-
servatism and caution and purchases
are for immediate needs only. Manu-
facturers Of machinery and machinists'
tools are up with orders and, in some
Instances, are operating on shorter
time, and the demand for textile ma
chinery shows some curtailment. Cor
set manufacturers continue to do
good business and manufacturers of
muslin underwear are well supplied
with orders. Woolens and satinets
are still in poor demand and the vol
ume of trade in cotton worsteds is con-
siderably less than a year ago.
Portland, Ore-Financial stringency
has affected business, wholesale trade
with out-of-t6wn points being retarded
and operations in grain, hops, potatoes
and onions curtailed
New Orleans-The movement OF
merchandise in nearly all lines is av-
erage but mainly to fill orders already
on hand. Jobbers and manufacturers
are buying sparingly, and are not dis
posed to make new commitments I'M
til money conditions have improved:
Farmers and planters in the. section
tributary to this city are generally
prosperous, and the outlook for
large sugar crop at good prices is now
assured. Collections are only fair.
Minneapolis.-Th action of the 10
cal banks in refusing TO ship cur
rency to country banks has had COM
paratively little effect on the business
Of local jobbers. Some hesitation APP
pears in the placing of large orders,
many jobbers openly advising their