Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-06-12
ribution Of vessel tonnage has slight

tribution of vessel tonnage has slight
" eased ocean freight rates. Brad
streets price index has again moved
lower.
However, it must be conceded that
the country is likely to move along at
a swift pace for some time to come
Production Of pig iron is of record
proportions, and it is a physical i'm
possibility to increase it much beyond
the present level; iron ore shipments
areu unparalleled; wages are eXtraor-
binary high, thus giving impetus to
the purchasing power of the masses;
shipyards never were so busy; weekly
hank clearings sho wthe third largest
total on record; building permits taken
out in May indicate the largest
months aggregate ever recorded; mail
order houses keep very busy; money
is firmer and il better demand, while
bank deposits at the west are decreas-
ing, and few complaints are heard
about collections. Dividend declara-
tons on industrial and copper. mining
securities made during the week in
crease the incomes of stockholders,
Railway traffic is heavy, but the car
situation is improving. the conference
over wages has been put off until
Monday, and earnings are remarkably
good. The stock market on the whole
displays a good undertone, tho trading
is largely professional, and the poiitl-
cal convention at Chicago receives
considerable attention. On the other
hand, political matters seem to be dis
regarded in regular trade channels.
The crops are late, and prospects are
no better than an average. A reduc-
ton of 800 100000 bushels, or % per
cent, is indicated in wheat, but last
years bumper yields, even if possible,
would have been unduly burdensome,
because Canadian competition has left
us with large stocks of old wheat on
hand
Bradstreet's report for Chicago says:
Business is the best in years, but it
is believed the crest of the boom mas
been reached. Manufa cturers have
reached a point where outputs can NOT
be further expanded, becauses Killed
as well as unskilled labor is so scarce
Jobbing trade in dry goods and allied
lines is heavy. future as well as cur
rent requirements being booked. Re-
tail trade mas been held up by vet
weather. but, even SO, business exceeds
that of this time last year. Mail or
ders continue largely in excess OF last
years Money is firmer, is in better
demand. and collections are normal.
New buying in nearly all lines OF steel
is lighter, prices being deemed too
high. Some reseling is noted. Prem
iums for prompt delivery are being
shaded. Mills, however, are we'll sold
up for the year, and are not uneasy.
Production in this district in May set
a new record. Buying of pig iron has
decrea sed. bue most furnaces are sold
I'D for the remainder of the year.
There is an inquiry here for $4,000
steel rails for export. Machine tools
sell fairly, and inquiries are out for
equipment for the new tube works to
be crested at Indiana Harbor. Scrap
is slow Of sale and easy in price.
Builders materials movef RELY. Butter
is easier. while potatoes and chickens
are higher. Hogs have declined 81
since the middle OF May. Heavy steers
sold UP to s11.35, the highest on rec
ord at this season and $3.50 higher