Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-08-01
BUSINESS AT LEADING POINTS
Much Better Than Conditions in Wall
Street Would Indicate.

New York. Aug. 1.-Ihere Is no 4aEh
of evidence that the business situation
is much better than the recent depres-
sion in Wall street would indicate.
Moreover. the financial position. In
spite of the severe decline in prices OF
securities to the lowest quotations since
the panic of 1907, has been strengthen
ed by the liquidation of large over
extended syndicate. while the New
York banks have greatly increased
their reserves A notable improvement
in business confidence took place in
the latter part OF the week due TO re-
covery an security prices, to advices
that much needed rains were falling in
crop sections and to the excellent
quarterly report OF the leading steel
producers. The iron and steel business
is, in fact. very good. considering the
recent conditions prevailing in the
financial markets and the uncertainty
regarding the crops; demand for wire.
tin plate and structural steel Is partic-
ularly notable.
Chicago - Business makes steady
Roadway despite the unusually hot
weather. Crop reports are less alarm
ing and the rainfall benefits both corn
and spring wheat. The markets for
breadstuffs exhibit seasonable activ-
Ity, Win averaging d 1llllc IiISH.
er. Crop nlarketings compare favorably
with previous week. but shipments de-
creased, altho the outgo shows sub
stantial gain over this time last year.
Provisions cheapened slightly on more
liberal arrivals Of live meats and the
domestic demand reflects satisfactory
absorption. Leading retail lines here
and at the interior had successful July
clearance sales. Stocks Of summer
merchandise generally have undergone
desirable reduction, and merchants now
are buying more confidently against fut-
ure needs. The wholesale district shows
increasing presence of buyers and their
operations have widened in fall and
winter staples. Bookings compare IA
vorably with year ago in dry goods,
footwear, millinery, clothing, cloaks
and suits, mems furnishings, furniture
and food products. Prospects for
heavy corn crop at present high prices
strengthen the commercial outlook, and
the agricultural classes continue buy
ing literally. Mercantile collections
turnout the west cause little COM
plant.
Boston-Most branches OF business
report no important change, tho there
is more geenral disposition to talk Of
prominent instance however, there is
distinct improvement, the transfers Of
wool having been very large and the
market showing stronger tone. The
largest mills in New England have been
operating and a large portion OF the
business is In worsted woods, a ref1ec-
ton Of radical change for the better
in the wool consuming industry The
volume Of actual business in pig iron
Is not large. but foundry men show
more interest and there is more dis
position to cover needs during the bal
ance of the year. There is a. quiet
tone to the market for finished steel. A
slight Improvement is noted nthe cot
ton goods market and better demand
from the jobbing trade Dry goods
jobbe1 are having a fair demand for
thin, seasonable merchandise.
Pittsburg.-In jobbing lines there is
a seasonable lull. with indications of
good buying movement for fall and
winter merchandise. Staple groceries
are fairly steady, while in specialties
the demand has fallen OF. Collections
are fair. Machine shops are fairly
active, and contractors for piping and
water systems report business on hand
indicates a good outlook. Building
operations are somewhat slow and
builders could handle much more work
There Is no material change in the
window glass market and prices are
firm at the recent advance. Mining Of
coal is very active, as rule, and fig
ures OF the Pennsylvania railroad show
an increase in shipments Of fuel, east
OF Pittsburg, Of 4,344,704 tons for the
six months over the same period last
year. Shipments to lake ports and the
west also are much larger.
St Paul.-Dhile there is still much
conservatism, buyers operating care
fully until crop results are definitely
assured, cancellations are less numer-
GUS and the outlook for fall briEhtenx
wholesale dry goods trade holds up
well, July sales exceeding the same
uIViIIn last year. SivtIIiIs nvuscs 10
pert increased sales and advance bug
mess in furs. caps and mems and wom-,