The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1894-10-20
Il .ADE Oh LOOK.
Views Of Leading Commercial
Agencies on the Situation.
Dun Says That Progress Is slow-Brad-
streets Opinion Is of = Cheerful Ma
ture-Encouragfng Reports
The Failure Record.
New YORK, Oct. l3.---R. G. Dun 4

~
I Business is still w:i1ing for the develop
ment OF retail trade. There is a little better
demand in some industries but not so good
in others Wholesale dealers In nearly ell
branches are halting because business does
not yet show distinctly what it is to be. Lower
prices for the great farm staples and lower
wages in some establishments. hinder
purchases for consumption, while polit-
ical interest and uncertainty also have
some retarding influence. Meanwhile laage
imports and small exports of merchant
disc. with inadequate employment for
money here, are raising the rates OF foreign
exchange that possibilities OF gold exports
somewhat affect the stock market. The halt
ing attitude for the moment Is disturbing to
those who have looked for continued gain,
though rightly considered it is the natural con-
sequence of conditions which we're to be ex-
pected at this season
The government crop reports are not great
~ trusted and yet have an influence and actu-
ally exaggerate the tendency toward lower
all the crops too low. Men calmly reckon
that it the government report indicates
over 4O0O00.O00 bushels OF wheat the
crop must be over 5O0.0OOO0O bushels and
the price is slightly lower Corn has been
stronger. for receipts are hardly a quarter and
exports barely an eighth Of last year, and the
question is whether the actual yield. If above
than has been supposed
The iron industry records larger produce
ton in September than in any other month
this year, but as prices are gradually weak
ening because Of insufficient demand for An
jshed products, some works are preparing to
close or shorten time.
THE wooden mills still have numerous be-
lated orders for fall goods. but the demand for
spring does not increase. though in nearly all
the lower priced products domestic makers ap-
pear able to command most of the business
that exists
Failures for the week ending October 4
show liabilities OF S1.7l4.:76 of which SSO5 6ea
are of manufacturing and $892, 3el OF trading
concerns. There have bee~f 81 in the United
States, against 1913 last yest, and % in Canada,
against ~ last wear
Rradstreet's View.
BradstrceL's says:
IAN accentuation of favorable features Is re-
vealed in the telegraphic reports this week.
While advices as to the most marked improve
ment come from the west and south, there are
some encouraging fe,ttures also reported from
the east. and the net result Of the weeks busi-
ness has been further progress in the
direction OF enlarged distribution. In New
England, although demand is classed as only
moderate and conservative trade is doing
the industrial situation improves, owing to the
ending of the great cotton mill strike Iron
production is very large, and this has impaired
values and manufactured product quite notice.
ably. Cooler weather has improved the dis
tribution in seasonable lines at number Of
western and northwestern points
AT Chicago business in staple lines is large,
though slackening from previous weeks is
noticed. Weakness in iron is causing concern
at st. Louis. Plates are active and orders are
being placed abroad for black plates, owing to
the shutdown OF American works Export
trade is active at San Francisco. A number Of
prominent southern points report increased &C
tivtty. Cotton receipts are large, but the price
tends downward. First Of new crop sugars
at New Orleans sold at the lowest
price paid for many years Southern lumber
men anticipate higher prices. Notable price
changes of this week have been the decline of
1-5 cent In cotton and raw sugar. q cents in
pork and 50 cents ton IL steel billets. Sales
have not materially changed for the week.
Heavy cutting Of prices on refined sugar is re-
ported throughout the west owing to efforts Of
grocers to dispose Of large stocks carried in
anticipation OF tariff changes"