Omaha daily bee., 1902-09-27
CONFIDENCE IS UNSHAKEN
Dun's Says Trade Doesn't Fear DiSSrrangSd
Money Market,
ONLY HARDSHIP is TO sPtcULATORs
Scarcity Of Funds VIII he Remedied
with the Tressury's AId-Injury
TO Crops No More Than on
sets Increased Acreage.

NEW YORK, Sept. 26-R. G. Dun & Co.'S
Weekly Review OF Trade tomorrow will
say:
Notwithstanding the d~isarranged money
market, almost a fuel famine and some
damage to crops, industrial and commercial
activity continues undated and the magni-
tude Of plans for the future indicates that
the confidence has not been shaken.
Scarcity of funds has thus far caused no
stringency will remedy itself by contract
ing loans on large collateral, together with
such aid as may be given by the treasury.
Injury to crops by frost has no more than
Offset the increased acreage, while high
prices fully compensate. II is not a time
for pessimism. though securities have de-
cltned sharply, Railway earnings for Sep
TENDER thus far exceed last years by 6S
per cent, and those of 1900 by 1876 per cent.
Pressure I'm the iron and steel industry has
been somewhat alleviated by larger receipts
OF coke and liberal imports of pig iron
yet the outlook is by no means devoid Of
favorable indications. 1t Is impossible to
provide for more than immediate needs in
coke. Some plants have resumed and oper-
ate from day to day, with a constant
menace of an interrupted movement of fuel,
which would suspend operations.
At the west this factor is most serious,
IN ex GomiRiandin ess so 81, i0n b9 or mere een' W Dai6
Owing to the numerous Influences now in
evidence there is less disposition to place
large contracts for distant delivery of pig
iron and sales are chiefly OF small lots.
Foreign iron is freely received and other
c~onsignments are under consideration
AANAS bAN'A AAAA w INV NNA NV
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
effort to provide adequate transportation
facilities the railways are purchasing liber-
ally of rolling stock and other equipment
and great improvements In terminal meth
DDS are planned.
A further slight advance In footwear quo
tations Indicates that the healthy demand
has made IL possible for manufacturers to
secure compensation for the recent sharp
rise in materials. ountry hides show the
principal declines of the week. Cotton
goods are firmly held, the market Is quiet,
as buyers are content to take only such
quantities as are needed for immediate dis
trtbution. The situation Is now satisfac-
tory for producers owing to the high prices
of raw material, but the attitude of pur-
chasers of goods indicates that the do
not consider the present position of raw
cotton one that can be sustained. 1t is too
early for supplementary orders in mems
woolens. yet there is demand, and the tone
Of the staple is firm. No concessions are
possible In the wool market, which has
Increased in activity at the east. The de-
cline in meats has received a check and
sugar is firmly held, with refiners behind
In delivery.
Failures for the week numbered 21 in
the United States, against 227 last year, and
81 In Canada against "a a year ago.