The Oskaloosa herald. (Oskaloosa, Mahaska County, Iowa) 1885-1919, 1907-11-07
CONFIDENCE NOT
At ALL IMPAIRED
WEEKLY REVIEW SAYS coNTRAc.
TON WILL VANISH.
COMMERCIAL PAPER is HIGH.
Iron and Steel Trade Report New Or
ders--Boot and Shoe Industry
Shows No Decrease in Ship
nents.


New York, Nov, 2.-R. G. Dun &
Co.'S weekly review of trade today
says:
Contraction has followed the finan-
cial crisis Of last week but only to the
extent compelled by inability to raise
money. There is no evidence that
confidence has been impaired; ON the
contrary qualification is felt that the
nation was SO strongly fortified by a
decade of unexampled prosperity that
the severe strain made no deeper i'm
preston. Many contemplated devel-
opments have been postponed and mer-
chants find rates for commercial paper
almost prohibitive, yet retail trade is
stimulated by more seasonable temper
ature and at interior cities collections
improve with the movement of the
crops TO market.
~ extile manufacturing plants are
not reducing activity, although there is
more caution regarding future bust
ness. In certain lines some accumula-
tion of stocks is noted, but these are
in strong hands that are not likely to
urge sales at the expense of values.
Cheaper raw material and tight money
indicate that some adjustment in
would establish the market upon a
healthier basis, but the present time
is not propitious.
Shipments of boots and shoes from
Boston continue to average 10000
cases less than in the same week last
larger than in any other year except
1905 and 1903 despite the extensive
development of the industry outside
New England" -.
Courage Replaces Uneasiness.
New York, Nov. 2,-Bradstreet's to
day says: .....
The country at large this week
feels the after effects of last weeks f.
nancial disturbances at New York and
other eastern cities and may be said
to have gone upon a check or credit
basis, pending the passing of the un
entirely Gained down.
Naturally there has been some dis
location of the country's business, no
tably in the item of the domestic ex
changes, which has reacted on the
collecting and forwarding forces, fol
a time stopping the buying of wheat
in the northwest and of cotton in the
south, and there has also been a sen
sible quieting down of jobbing trade
activity, some reduction of forces IN
railroad improvement work and In
other industries, and some effect also
upon retail trade, which, however, aid
ed by fine fall weather has given 6
good account of itself this week. Ii
the dry goods trade there is greater
disposition to concede that a lowe
level of values for several lines of cot
ton goods is likely to follow the cuts
made by iobbers recently. This, how
ever, refers more largely to distant
deliveries than to immediate business
and the same is predicted of somC
lines of wooden goods for next fall.
"The iron and steel industry reports
new demand quiet as whole with
leading interest notes a moderate re
duction in the volume of untitled or
ders.
Business failures for the week end
ing Oct 81 number 1913, against 1853 II
the like week of 1906.
canadian failures for the weel
number 20, as against q in this weel
year ago.
wheat, including -four, export!
from the United States and Canad;
for the week ending Oct. 81, aggregate
4,792,3 49 bushels, against 4,492,974 this
week last year. For the first eighteer
weeks of the fiscal year the export!
are 6S,267,S15 bushels, against 62,666,
SOL in 19O6-O7, and 1O5,991, 1856 in 1901
OF.
Corn exports for the week are 666,
$40 bushels, against 1,4OO,211 in 1906
For the fiscal year to date the exports
are 17.96O,273 bushels, against 14,6l7,
159 last year."