Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1902-10-07
| New York.

] NEUTRALITY-SUSPICIOUS. lAN NtS~
| New YORK, arranged money market al
-------------l most fuel famine and
some damage to crops. industrial ard
commercial activity continues unabated-
and the magnitude of plans for the fu-
ture indicates that confidence has not
been shaker, Scarcity OF funds has thus
TAR caused no hardship except TO specu-
lators, aud the stringency will remedy
itseh by contracting loans on stock ex~
cnange collateral, together with suct aid
as may be offered by the treasury, which
is partly responsible through absorption
Of funds. Injury 10 crops by frost hes
no more than Offset the increased Ecre-
age. while high prices fully COMPENSATE
producers. 1t is not a time for pessin.-
ism. although securities have declined
sharply Railway earnings for Septeln-
Der thus far exceed last gesrs by 6.S
per cent and those of 1900 by 16.5 per
cent"
II. c. Dun & Co.'S Weekly Review Of
Trade gives the foregoing summary of
the industrial situation. Continuing. il
says:
Pressure in the iron and steel industry
has been somewhat alleviated by larger
receipts of coke and liberal imports Of Pig
iron, vet the outlook is by no means de-
void OF nnfavorable features. No fuel
famine exists. although the furnaces are
consuming receipts OF coke as they ar
rive. and il is impossible % provide for
more than immediate needs. Some idle
plants have resumed and now operate
from day 10 day with the constant men
ace of an interrupted movement OF fnel.
which worlld suspend operations. At the
West this factor is most serious, coke
commanding $40 ton or more, while in
exceptional eases $13 has been paid. Ow-
ing to the numerous influences now in
evidence Share is less disposition 10 place
large contracts for distant delivery OF
pig iron ard sales are chiefly OF small
lots. Foreign iron is freely received. and
other consignments are under censidera-
ton. More steel rail orders have been.
placed abroad. Needs for structural
shapes are increasing. much work being
held back by slow shipments, and orders
are reported for delivery nearly two
years hence In an effor; TO provide AIDE
Quate transportation facilities the rail-
ways are purchasing literally of rolling
stock and other equipment. and great inn
provements ia terminal methods are plan
ned.
Although cotton goods are firmly held.
the market is quiet, as buyers are con-
tent TO take only such quantities as are
needed for immediate distribution The.
situation Is not satisfactory for prodac-
ers. owing TO the high price of raw MAJ
terials, but the attitude OF purchasers
of goods indicates that they do not con-
slider the present position of raw cotton
one that caa be sustained. 1t is too early
for supplementary orders in mems wool
ems and wcrstedS, yet there is some ex-
tension of original purchases, AID the
tone of all staple lines is firm, while in
some instances advances over opening
prices are asked. No concessions are pos
sble in thd wool market, which has In
creased in activity at the East. The de-
cline in meats has received n check fna
sugar is FIRMLY held, with refners behind
in delivery.
Bradstreet's says;
Wheat including -four, exports for the
week ending Sept - aggregate 5,077GS0
bushels, against 5.435,323 last week, t.
410,362 in this week last year and 4,2l2-
$40 in 1900. Wheat exports since July
l aggregate 60,614, 135 bushels, against
1862, 1917 last season and 42,762, 800 in
1900. Corn exports aggregate 749oZ
bushels. against 40.50S last week, 5S5,-
FOG last year AMI ., 1861 in 1900. For
the fiscal year exports are l,055,S1I
bushels. against 12,71S,G4c last season
and Al ,94T,412 in 1900