Omaha daily bee., 1902-11-08
TRADE MAINTAINS PROGRESS.
Railways Ar, Still Totally Incapable of
Handling Business Offered,
HEAVY METAL IMPORTS ARE DANGEROUS
Cut in Tin Plates May stimulate
Exports aud So OFFSET Large
Influx of Pig Iron
BfIiets.

NEW YORK, Nov. I-R. G. Dun & Coz
Weekly Review Of Trade tomorrow will say:
Trade and industry are making steady
progress, reports from all sections Of the
some developments. An unusually large
fall distribution occurred and current trans
actions In heavier goods are liberal, con-
sioering the mildness Of the season.
Complaints Of slow transportation are
still heard. testifying TO the enormous
roads, which report earnings for october
as per cent larger than last year and 14.2
per cent above 1900.
1t is the exception when manufacturing
plants have not contracts assuring activity
for many months and annual inventories
viii be taken with difhculty owing TO i'm
Fortunate customers.
Prices OF commodities progortioned to
6UnSSmpt Sseiir az SHOWN shovt py p csn din nqex
October Ss9.97e. comparing with 500, 64s. The
decreases occurred In meats and fuel,
mainly the latter.
TInpIEtes Cut Heavily.
The only development Of note in the iron
and steel market has been the 10 per cent
reduction in price of tinplates. to take eff
feet December l. While some change was
anticipated the trade was not prepared for
so large a Gun. II the recent lowering Of
price lists in certain sections of the market
should stimulate foreign trade there will
be occasion for qualification, as some ex-
onset the heavy imports of pig iron and
billets. Many furnaces have been COM
BEAANh " jain btCduEt VI III HOOA ANNNlBAH
of coke and there is little evidence of i'm
provement in the railway situation, motive
power being utterly inadequate. Contracts
run far into the future in structural ma
terial for bridges and buildings, while
plates are sought by car works and ship
yards. High premiums are still paid for
prompt delivery, but most shipments are
on old contracts placed at regular list
prices. Recent enlargement OF facilities
has greatly increased production in many
lines. which explains the signify easier
tone of the market as a whole. but there
is no evidence of diminished demand MOI
unsound conditions.
Taking Of inventories interrupts work al
New England shoe shops and will prob
ably occupy much of this month, 50 tina
cutting will not begin on the large con-
tracts already placed for delivery during
the first quarter Of next year. Shipments
continue heavy from Boston. each week OF
late recording a moderate increase over the
corresponding period last year. The tone
comparatively quiet, except in Pennsyl.
yania, and mild weather has restricted re-
tail sales.
Some decline in raw material did not pro
duce any lower offering prices for cottoT
goods, although il made buyers all thS
As a result the movement is only for i'm
mediate requirements, but supplies o.
staple cottons are not burdensome anC
there are complaints that old orders arr
not being filed according to contract. Elk
port orders are limited.
Business in woolens is light, the chic
inquiry for sample pieces which are not de
are fully maintained for woolene anS
worsteds. as might be expected in view o
the continued strength OF wool.
Failures not noted.