Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1912-06-17
BUSINESS OUTLOOK IMPROVES.

BUSINESS UUJlUUk iMI nOVIS'
BUSINESS continues to expand con-
servatively. but steadily. with accuil'-
ulatin9 signs of a year Of more than
average activity. Elements OF the SIT
uation which have been hereeo1o!e
prominent are being largely lsnoreu
and business sentiment centers IN tne
increasing confidence created by the
steadily maintained Industrial actiVns'
the improving conditions in cerchan-
disfng, and the Frightening OUTLOOK 1or
crons. Both east and west there are
multiplying evidences OF the widening
scope Of financial and industrial re-
covery from past depression.
The prevailing excellent weather IS
one Of the present factors Of the stu
alton that are working for greater
trade distribution and for WORKS OF
construction. Reports from the ieaolhs
cities all speak Of a normal develop
ment Of business, often in excess OF an
ticipations. The activity in the iron
and steel industry, which has reached
the point where new business In stght
ia actually In excess of the large ca
pacity of the mills. is communicating
itself to other branches o. business
which have hitherto been very slow IL
responding to rsviving influences.
The government statement shows
hikh percentage for spring wheat with
the promise that It's yield vii more
than offset the deficiency !. winter
wheat The cotton ma-Ee. IS firm. out
the weather conditions COR the crop are
excellent, tho q decrease in acreage Is
forecasted.
Satisfactory progress is making +
the dry goods market in NOS: o. its
branches and the retail trade is liberal
for the season. Shoe manufa cturers
still report small volume OF new
business. Leather is dull but firm.
Hides show an easier tendency. The
statistics Of bank exchanges confirm
the other evidences Of the large volume
of trade-this week they gained 80 per
cent over lSA1 1llo o.S pei SSAAs viva
1910. Railroad earnings in the first
week Of June increased 2.s per cent.
The foreign trade continues heavy:
in the latest week the record for the
port of New York shows a total Of
ss4,420,157 against s31,s35,s67 last year
and s27,72O,5S4 in 1910. Exports were
s1S,171,2ss. comparing with s1s,753,62s
in 1911, but nearly 100000 heavier
than in 1910.
There has been no check to the i'm
provement in iron and steel. and the
May statement Of the leading producer
showed the largest total OF unified or
ders since the end OF December, 1909
Operations at first hands in the cot
ton goods market display some con-
servatism, but distribution is steady.
There are numerous purchases for
quick delivery, rejecting rapid move
ment into consumption. Branded brown
and bleached goods hold their values
and prints are selling more freely, with
some large export orders being con-
sidered. Stocks Of print cloths at Fall
River are still below a three weeks
output, and Of $4,000 pieces sold las,
week $4,000 were for spot shipment. Ir
woolens the high cost Of the raw ma
terial and the belief that prices will be
maintained create much confidence and
business is coming forward in salts.
factory volume. The leading mills are
fully employed and are complaining o.
the shortage OF help rather than thu
scarcity Of orders.
Liabilities Of commercial failures To-
June to date amount to s4,O593S5, O
which 31,SSS,se3 were in manufactur
ing, $2.0s6.sOs In trading and s275,s5
in other commercial lines. Failure
this week numbered 23s in the Unite,
States against 221 last year, and 2
in Canada compared with % a yea
ego.