Omaha daily bee., 1902-05-31
SITUATION IS BRIGHTER
Favorable Factors Outweigh Depressing
Elements and Retail Trade Enlivens.
AGRICULTURAL SECTIONS PROSPEROUS
Large Yield of wheat and HAL Prices
of Corn Give liberal Earnings 60
Farmers and other Industries
VIII share Good Fortune.
NEW YORK, May SO.-R. G. Dun & Co.'s
Weekly Review Of Trade says:

NEW YORK, May sO.-R. G. Dun & Co.'S
Weekly Review OF Trade says:
Ease in the money market last week,
favorable crop prospects and confidence
abroad are. the encouraging factors which
outweigh the disturbing elements of labor
conflicts and unreasonable weather for re-
tail trade at many points.
Enects of the depressing Influences are
less keenly felt because they are believed
to be only temporary, and confidence Is ex-
pressed that with the resumption of work
and normal temperature there will be a
return TO the liberal distribution of mer-
Despite the short. corn crop last year the
large yield of wheat and high prices for
both resulted in the greatest Value for the
the, agricultural sections are prosperous
and other Industries must share the good
fortune by increased sales of products.
Collections are prompt as a rule, and pay
ments through the principal clearing
houses are well maintained. Notwith-
standing diminished speculation there was
an increase OF 10 per cent at New York
compared with last years exchanges.
Returns as to transportation show that
losses In grain movement are being more
than made up elsewhere, railway earnings
thus far reported for May showing a gain
OF 50 per cent over last year and is per
Efforts to PLACE contracts for 100, 600 tons
OF pig iron. DELIVERABLE in the second quar-
ter of 1903, Indicate the confidence of the
leading consumer as to the future of this
industry. There Is no cessation of activity
warded to importunate consumers as
rapidly as possible.
No Improvement is reported at New Eng
land boot and shoe %centers, where the
shops are still running only about half
time. There is a little more activity in the
grades that declined last week, but no in
dica tion of recovery in prices, and other
varieties tend downward. Statesmen are
booking a smaller percentage OF orders at
the south than is usual at this season.
Local retail trade has been more active,
but tobbing business continues slow. Re-
cent advances I'm leather are maintained,
with betting butts freely purchased. Inn
ported hides are scarce and strong, but
domestic packed hides are more quiet.
Stocks of textile fabrics are not accumu-
hting, although the markets are extremely
quiet: Domestic jobbing trade is fairly
satisfactory, but exports of cotton goods
small. Print cloths are dull and UNCHANGED.
with the situation unsettled as to new
prints for the fall. Clothing manufacture
ers are purchasing wooden goods in mod
grafton only, and larger deliveries by the
leading company increases the disposition
toward conservatism.
Prospects are bright for q large Weld NJ
cotton. Dispatches have been received
from correspondents of r. g. Dun & Co,
located In all parts of the cotton belt, and
the returns are unanimously encouraging
Grain quotations made a decided advance
early In the week, which was not easily
explained, except on the basis of light sun
plies In sight. This element was not new.
however, receipts having decreased very
materialIy for many weeks In comparison
with last years estimate. subsequently,
the gain was lost in option trading, al
though cash corn was firmly held.
Failures for the week numbered 1874 in
the United States, 14S last year, and 20 I'm
canada, against "a a year ago.