Omaha daily bee., 1893-05-14
AS Dun SEES IT.
Omaha's Business and Prospects Compared
ana Criticized.

Omaha's Business and Prospects Compared
ana Criticized.
Mr. w. II. Robertson local manager of Il.
G. Dun & Co., speaking of trade in Omaha
and Nebraska says:
"The last two days of sunshine have stun
ulateL retail trade quite good deal, but the
week has been dull Even groccrs complain
that sales are not up to the average on ac-
count of short receipts of Strawberries and
garden vegetables,
y, Among commission men complaint is
ieard not only as to the quality and quantity
Of the strawberry supply, but also on ac-
4 count of the situation in connection with Cal
4 ifornia oranges. The orange growers under
took by a combination to sustain prices and
held back their fruit when it was in de-
mand. The result has been unsatisfactory
TO them, and has kept good fruit out of the
market, II is believed that Washington
navels will be received in large numbers
l., next week
I'm wholesale circles trade is good gener-
ally speaking, though some lines find orders
!, no better than n year ago. The millinery
trade has been especially effected by the late
spring and dealers in dry goods clothing
and hats and caps have also noted the evil
effects Of the delayed spring.
"Collections are only fair One or two
houses say that they are bad. The uneasi-
ness caused by eastern failures is appre-
ciably effecting collections throughout the
west,
"rhe bank failures in New York state, in
Chicago, Indianapolis and elsewhere are Gre
ating, in my Judgment, unjustifable alarm
throughout the country, Nothing is so sens-
tive as capital, and little furry
among the SPECTATORS on Wall street makes
ultra conservative men cautious from one
end OF the country to the other. To my
mind there is nothing alarming about the
failures that have occurred. A little
reflection wall convince almost any
!. thoughtful person that these bank
I ruptcies are merely clearing storms. In
boom times when people were crazy
over real estate specuations great many
persons made money The natural tendency
OF man who has acquired a fortune TO en-
gage in banking is well known The form
alton of trust companies, investment com
panies and similar corporations is in
: cident TO the banking spirit which
controls men OF means everywhere. Conse-
' quently the years of unexampled activity in
real estate and stocks were followed by the
organization OF great many trust com
panies and similar financial concerns New
banks were organized all over the
country also, many of them with large
by adventurous spirits in many cases
took too much chance in making loans and
have suffered the natural consequence
Foreclosed real estate represents a VERY
large sum OF money among trust companies
The duh market for this commodity has
caused them distress for want of cash and the
weaker ones are going to the wall and mus
inevitably go unless there Is change
in the conditions. Boom times brought mt
the banking business of the country new
and less conservative element than has ever
been there before Old. tried bankers haY,
kept their heads and conducted their busiues.
along proper lines, and their business i!
solid, but the Napoleons of finance, al
they are called, have plunged iuto tn,
financial world with so-called pro
gressiye methods and the country il