Birmingham age-herald., 1894-12-01
Dun and Bradstreet Find Business
 Not Satisfactory,
ESPECIALLY AT THE SOUTH
Colle Ctions Could Be Better Than Reported-The Iron
 FailureS.

NEW YORK, Nov 30.-R. G. Dun & Go. 8 weekly review of trade tomors 1w will say: The complete success of the govern ment loan and the replenisb sbment of the gold re- serve have not perceptibly affected bushes nor prevented advance of foreign exchange near 10 the exporting point. As January interest is soon 10 be Il ct and the opera tions of the syndicate are thought likely to prevent much selling of the bonds to for eigneis, great ex ports of gold are not im- probable.
 The closing of sugar refneries will di- minish the industrial force more than 1t Is increased by the resumption Of the Beth lehem steel works and few other con cerns. The controlling fact is that, all though in two instances wages have been increased, the earnings for the working force and it's purchasing power are not on the whole enlarging at present, and prices of the chief farm products do not mate- rially improve.
 The great industries fairly maintain the production previously reported, but can not be expt cted 10 increase at this season {. A few mere iron works have gone into operation and the demand is larger, but there is distinct weakness in prices, especially at Pittsburg, and Bessemer iron bilets, nails and some structural forms are quoted lower. The rail combination has agI eed to a reduction of S2 per ton for the next year. Coke contracts are being made for the first quarter of 1895 at current rates
 The shoe Industry continues to do re- markedly well for the season and the pros pect for the spring busi ness is fairly good, although the trouble about prices occa- sions some friction. In textile man ufac- lures there is more strength in print cloths, but ot her cottons are somewhat irregular and weaker, and the wooden manuiact ure still receives some orders for winter goods. But the demand for spring IS much re- tarded by unavoidable delay in filling orders.
 Money commands better rates since the sale of bonds, but there is scarcely any inn provement in commercial or industrial de- mands, and the flow of currency hither- ward it is as large as has been at any time since September. Importers make moder- ate demands, and the call from merchants Is only for immediate needs. There Is some fear of financial Legislation this win ter; an agreement to get rid of duties on refined sugar is reported, and host of con- gressmen are insisting upon monetary re- construction of some sort.
 November payments through clearing houses are but 3.2 per cent larger than last year and s3. 9 less than in 1892.
 The liabilities in failures for the third week of November were s2, ,338, ,931, against S2, ,2S5, ,676 for the same week last year. which liabilities were s915, 326, against $1,- $50 ,G27 last year, while in trading concerns liabilities were q ,395, $40, against S1, 1884,, : 649 last year.
 For three weeks of November the liabil- ities have been s,SSs, 429, against Sl7 ,937,- 145 last year. Failures this week have been in the United States 2S9, against 271 last year, and in Canada thirty six, against forty Int last year.
 BRADSrREET'S REPORT.
 NEW YORK, Nov. 30. .-Bradstreet' to- norrow will say: There is no general or radical improvement in business at the south. the southwest or the northwest. But in the central western states, and par ticulary at some important cities in the old middle and New England states, the reverse is true, material gain in demand for many reasonable staples having shown itself, with a corresponding increase in volume of goods distributed or orders for future delivery. This is independent of the stimulus to trade in certain lines due to the approaching holidays, and in spite of the check to the volume of general business within the week caused by the Than ksgiv- ing holiday. ..e
 A sharp revival in prices is shown by quotations for some grades of lumber, but more particularly for cotton, wheat, oats and lard, improving prices of the first two of which having had an influence for good. New England woolen mills are generally well supplied with spring orders. At Phil, adelphia some worsted spinuers have had to refuse orders for immediate delivery, and textile manufacturers report good orders for delivery after January 1.
 At the south Augusta and Jacksonville alone announce any improvement. Mer- cantile collections are generally fair for the season, except in some of he heavier cotton growing regions, being specially classed as unsatisfactory at Savannah, BirmiD gham and Galveston. There Is moderate activity in groceries in Nashville. Galveston says trade is dull and unsatisfactory. At Charleston, Memphis and Atlanta it is quiet, or without feature.
 From Cincinnati, Louisville, Detroit and Chicago moderately encouraging reports as 10 the volume of trade are received. :. Similar advices are sent ont from St. Louis, but there is only moderate business at Kansas City and Omaha, country merchants tributary 10 those cities manifesting a dis position to buy sparingly. Milwaukee jobbers have been rather more active, and early in the week th- like was reported at Minneapolis, Portland, Ore., and San Francisco.
 FAILED IN THEIR SCHEME
 mn DT