The Oskaloosa herald. (Oskaloosa, Mahaska County, Iowa) 1885-1919, 1909-10-28
INDUSTRIAL TRADE
LOOKS PROMISING.
The Cold Weather Gives Stimulus
To Demands. .
F-z 1.s. 20. F.. ..~ ..t,.
DRY GOODS ARE SELLING WELL
Spring Trade Reports Generally En-
couraging and Iron and Steel Lead
With Record Production for
the Season.
DRY GOODS ARE SELLING WELL

New York, Oct. 23.-Bradstreet's to-
day says: r~
Trade and industrial developments
are largely favorable. Continued cold
weather furnished a marked stimulus
in the demand for dry goods, clothing,
and also benefits the demand for hard.
ware, groceries, lumber and building
materials at retail in most markets.
The remand for coal also has been
perceptibly quickened both for steam
ships and COR household supplies. Aft
er a long spell of dullness the liquor
trades are also displaying more life,
which may be variously attributed to
weather influence or to renewal OF
consumption made possible by in
creased pay rolls in general. Some
markets in fact report dry goods SELL
ing better than in any previous year
at this date and reports as to spring
trade agree on general gains over the
same period against a year ago.
The situation here. however, is not
without it's drawbacks. There is still
evidence of conservatism bred Of high
err prices asked for cotton goods and
for distant delivery, but the general
tendency IS still upward and staple
products are selling better at ad-
vanced prices. In the eastern shoe
trade the strength Of leather and the
advanced cost of shoe production is
giving manufacturers concern also
In general industry the previous full
pace is maintained.
Iron and steel easily lead with
record production for the season. The
Pacific situation is one of firmness.
Business failures for the week end
ing with October 21, in the United
States, were PA against 220 last week
231 in the like week of 1908. 220 in
1907, PA in 1906, and IT'S in 1905.
Business failures in Canada for the
week ending with Thursday last, mum
Der 30, as against SO in the CORES
ponding week of 1908.
Wheat, including -four, exports from
the United States and Canada for the
week ending October 81, aggregate
1854, 1855 bushels, against 4,S65,S1t
last week and 6,127,952 in this week
last year. For the sixteen weeks end
ing October 81, exports are 43,115,73(
bushels against 66,342,403 in the cor
responding period last year.
Corn exports for the week are 1896,
952 bushels, against 271,771 last wecl
and 2S4,417 in 1908. For the sixteen
weeSs, ending October q. corn ex
ports are 2,1S4,237 bushels against
9S9,604 last week.
The English Bank Rate.
New York, Oct. 23-R. G. Dunn
Co., weekly review of trade to-da!
says:
Overshadowing ali other develop
the Bank of England rate of discoun
to 5 per cent. There are special rea
sons for the advance, such as Eng
lands desire to protect her gold sup
ply, and the banking caution agains
the danger of overspeculation but, il
the main, the advance is develop
ment OF prosperity. In the UniteC
States every report OF the weel
ranges from moderate improvement
to extraordinary buoyancy. The ad
vices from the leading cities are uni
formly favorable, with especial.
brilliant reports from the western
centers. AS against those accumu
lated and still accommodating, evidence
OF trade expansion, the two factor
that speak for conservatism are tn,
advancing prices and the danger tina
speculation may make such demands
on the money market as prematurel.
to consume the free capital OF tn,
world required to finance a new eri
OF prosperity.
quickening is noted in the genera
demand for dry goods, and the move
ment of merchandise for immediat,
consumption shows a substantial in
crease.
Prices on fabrics are rising and tn,
acute condition in cotton manufactur
ing, growing out of high cotton costs
are being met by agreement to cur
tail.
New England boot and shoe manu-
facturers are securing some fair size'
spring contracts in the west ant
south, but current business on fal
orders continue to be moderate il
volume. Good quality leather Il
scarce and higher.