Omaha daily bee., 1902-06-07
PEACE HELPFUL TO TRADE
Settlement Of South African Wal viii
Quickly Benefit Commercial World,
GAIN IN RAILWAY EARNINGS UNDATED
Distribution Less interrupted and
Footwear sales Increase, While
BituminOus Coal IL Amor
malIy Stimulated.
NEW YORK, June 6.-R. G. Dun & Co.'s
Weekly Review Of Trade tomorrow SAYS:

weekly review OF lrade JomOTToW says
Peace in South Africa has greatly i'm;
markets will quickly benefit by the develop
ment of that country, while a return to
active gold mining will have a helpful in
huence In monetary circles.
owing to the present exceptional nome
consumption producers in this country may
p~ortunity Immediately, but even the in
direct effects must be beneficial. Domestic
conditions still have but the one drawback
of labor disputes, which have reduced the
earning power of a large force. Outside
the limits Of this case there is little cause
for complaint.
Distribution is less interrupted by the
shortage of cars. Railway earnings for
May show an Increase of six-eighths OF l
Contrary to expectations the leading pro-
ducers maintained their conservative posi-
ton by making no advance in the price of
steel rails for delivery in 1903, notwith-
standing the very material rise that. has
occurred in pig iron. Much new business
has been placed during the past week, al
though consumers have found difficulty in
Booking. orders for delivery in 1902. This is
especially noticeable as to structural ma
terial and railway supplies.
Interruption of work 10 blast furnaces
was not wholly averted, but the loss in out
put did not reach a large figure, owing to
prompt concessions on both sides. Prae-
tlcally no orders were accepted for pig
to the extent of the strike. In tubes, pipe
and foundered lines there is much activity,
with quotations fully maintained.
Bituminous coal is abnormally stimulated
by the anthracite coal shortage and the
output of coke in the Connellsville region
is establishing a new record each week.
According to the latest report less than 4
per cent of the ovens are idle.
Sales of footwear have materially in
creased with the advancing season, jobbers
reporting especially favorable conditions.
A temporary season of activity occurred
In leather, hemlock sole selling in moderate
quantities, but the shops soon secured ali
the desired material. Betting butts were
the most satisfactory division of the leather
market, prices being strong and demand
sustained. Quiet prevails in hides.
Textile goods are firmly held, with stocks
well under control. Buyers show a dispo-
sition to hold back orders, yet better terms
are not indicated by the conditions of sup
plies.
The fall print basis has been established
at least for the time. Inquiries are larger
for export grades of cotton goods, but
sales in all lines are limited. Quiet condi-
lions are also reported In woolens, some
cancellations following the better deliveries
by mills recently idle through strikes.
Satisfactory weather in the producing re-
g1ons had a depressing influence on grain
quotations and last weeks advance was
lost Cash prices were slow to react owing
TO the extremely strong statistical posi-
ton, but the new crop positions fully re-
Elected the progress at the farms.
Failures this week in the United States
were 2lS, against 1914 last week, 1872 the pre-
ceding week and 1S5 the corresponding week
last year, and In Canada 16, against 20 last
week, II the preceding week and 20 last
year.