Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1902-10-08
| EeY York lasr.ssa.

HHH lUll ARRANGED money market, al
l----------------1 most fuel famine and
some damage to crops. industrial ard
commercial activity continues undated,
and the magnituGa Of plans for the fu-
ture indicates that confidence has not
been shaken. Scarcity Of funds has thus
far caused no hardship except to specu-
lators, and the stringency will remedy
itself by contracting loans on stock ex-
change collateral, together with such aid
as may be offered by the Treasury. which
Is partly responsible through absorption
OF funds. Injury to crops by frost has
no more than offset the increased acre
age, while high prices fully compensate
producers. 1t IS not 81 time for pessim-
ism, although securities have declined
sharply. Railway earnings for Septcm-
Der thus Gar exceed last years by 6.S
per cent aud those of 1909 by iG.5 per
cent"
X. G. Dun & Co.'S Weekly Review of
Trade gives the foregoing summary of
the industrial situation. Continuing, it
says:
Pressure in the iron and steel industry
has been somewhat alleyated by larger
receipts of coke and liberal imports Of rig
iron, yet the outlook is by no means de-
void of unfayorable features. No fuel
famine exists, although the furnaces are
consuming receipts of coke as they ar
rive, and it is impossible to provide for
more than immediate needs. Some Idle
plants have resumed and now operate
from day to day with the constant men
ace Of an interrupted movement of fuel,
which would slsT end operations. At the
w lst this factor is most serious, coke
co nmanding SO i! ton or more, while in
exceptional cases $13 has been paid. Ow-
ing "a 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 s!lall
lots. Foreign iron is freely received, and
other consignments are under consdela-
ton. More steel rail orders have be@n
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 effort to provide ade-
quate transportation facilities the rail-
ways are purchasing literally of rolling
stock and other equipment. and great i'm
provements in 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 fct immediate distribution. The
situation is not satisfactory for prodae-
prs. owing to the high price Of raw ma
terials. but the attitude of purchasers
of goods indicates that they do not con
slider the present position Of raw cotton
one that can be sustained. 1t is too early
for supplementary orders in mems wool
ems and worsteds. yet there is some eS
tension of original purchases, and the
tone of all staple lines is firm. while in
some instances advances over opening
prices are asked No concessions are pos
sibe in the wool market, which has in
creased in activity at the East. The de-
cline in meats has received a check and
sugar is firmly held, with refners behind
in delivery.
Bradstreet'S says:
Wheat, including flour, exports for the
week ending Sept - aggregate 3.GII.0IO
bushels, against 5,435,323 last week, g.
47O,362 in this week last year and 4,242,-
$40 in 1900 Wheat exports since July
l aggregate G0,614135 bushels. against
1862, 1917 last season and 42.T62,300 in
1900 Corn exports aggregate I4932
bushels. against 40.J0S last week. 5S5,-
706 last year AMI 2,l56.1T1 in 1900. For
the fiscal year exports are 1.053Sll
bushels. against 12,71S,G40 last season
and Al ,947, 412 in 1900.