Omaha daily bee., 1902-07-05
OUIESCENT WEEK IN TRADE
InsnimGts Condition Prevails in Most
Branches Of Business.
GENERAL LEVEL OF GRAINS is HIGHER
Despite Serious Drawbacks the Rail-
road Earnings for Past Half Year
Are Unprecedented-COmmer-
ciaI Failures Moderate.


NEW YORK, July Ar. @. Dun q Co.'S
weekly review of trade says: Quiet con-
ditions have prevailed in most branches Of
business, especially in those markets al
terest payments testify to the prosperity
of the railways, industrial corporations and
labor troubles the half year just ended was
remarkably satisfactory. Railway earn
ings for June exceeded last years by s.
In the iron and steel districts there have
been no Developments of notice. Leather Is
kets the cotton goods sold freely at recent
concessions and the tone was steady, while
wooden mills are more actively engaged
and buyers are In the eastern markets for
raw material. Quotations of wool made a
further slight advance and frmness Is ex-
gected at the London auction sale next
The general level Of grain prices is
strength, but did not share the activity.
Both receipts and exports have been light,
bushels, against assoc last year, and. ex-
were ai7a,Ss bushels, compared with
Cotton prospects frightened with rain in
the southwest, yet there was no weakness.
The crop year closed with receipts of cof-
fee at Brazil ports far SURPRISING all rec
ords and prices remained at the bottom
In spite of many serious drawbacks rail-
road earnings for the half year just closed
are the largest ever reported. Total gross
ssahssss 1ep 90 ans f Esilf tSe half n ye sne to Sd datei
are $6lS, I70,60S, a gain of 81 per cent oyer
last year and 1871 per cent over 1900. This
report Is practically complete for roads en-
bracing three-fourths of the total mileage
of the United States for FIVE months and
commerciai failures in the FIRST half of
1902 numbered 6,165. with liabilities of $780,
s7l.s56. Although this is an increase Of 81
9S more than the. exceptionally favorable
record OF 1893, IT is necessary to go back
hlsee Showing Sfhrs II tRa Tnq hat shot Of 1902 @orf Despite s ] a
few exceptionally heavy failures in British
Columbia, total liabilities in the Dominion
W We're eNe oniy S, 7ss. aSi. n against s5,5s6 Sgs last
year, while the number of defaults, go,
compares favorably with all recent years.
Foreign Financial.
LONDON, July T. - Gold premium at
Rome, 100. Money was abundant. in fair
demand and rates were easy today. Dis
large exports OF sovereigns were being
made to, the Cape tended to strengthen
the market. Business on the stock ex-
and occasionally heavy. The approach OF
the settlement. was a bar to fresh, engage
ing, but weakened somewhat later. Home
rails were irregular, Americans were prac-
tically neglected, in view Of the holiday;
closed firm. Kafirs were idle. A few
shares hardened slightly, but they closed
weak owing to fears Of native trouble n
900 was withdrawn from the Bank of Eng
land today for shipment to South Africa
Gold premiums are quoted at: Buenos
Ayres, 10. 80; Madrid, $3.50; Lisbon, $3.50.
PARIS. July up. m.-Three per cent
%rentes. l0f 75c for the account. Exohangt
on London, 25f Ice for checks. Spanish
rs closed at 81 % ex. interest. Prices were
heavy on the bourse today and business
was light. Rentes suffered on account OF
the realizations, due. to the conversion
news. Spanish Is and Italians were very
Arm. French rails, tramways and trac
weaker. Kafflrs were adversely affected By
forced sales. The private rate of discoun
was unchanged at 2 9-16 per cent.
BERLIN, July 4.ABusiness on the bours,
today was generally dull. Operators wer'
klnclined to realize, imports from the manu-
Featuring districts being unsatisfactory FX
change on London, pom 45Apfgs for checks
Discount rates, short bills, Pa per cent
three months bills, IA per cent.