Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1896-12-03
THEY DIFFER.
Views Of Dun and Bradstrect on the Com
81 meTcial Situation.

b New YORK, NOV. SS.--h. ". Dun q Co
in their weekly review Of trade say:
when the rush of orders after the cleo.
ton slackened, many began to think busi-
ness dwindling. But subsistence Of de-
ferred orders Is not decrease OF business
steel industry because various combina-
lions have been and are still retarding or
ders by prices which buyers believe cannot
be maintained, and the same is true in
boots and shoes and In q few branches Of
textile goods. But business IL on the whole
charging and the employment Of many
more hands will extend purchasing power.
The settlement Of the window glass con-
troversy. starting many thousand hands,
and the collapse Of some important iron
combinations with the same effect. give
promise of more business. Broadly speak,
ing the gain has been greater than anybody
expected. and it is not surprising If a small
part Of 1t Is In excess Of the present con.
Stunning demand.
Reports from all parts Of the country
show clearly the enlargement of trade. not
at all points in the same branches, but
everybody helped by more confident feel.
ing. Monetary difficulties have vanished
as If by magic, and banks with an uncom'
fortably large supply OF idle money are
hunting borrowers, as the borrowers were
recently hunting lenders. Enormous gains
in bank deposits, 900 in two weeks,
indicate something Of the amount Of funds
recently boarded.
Wheat has risen over cents for the
week without material change in foreign
advices, which have been on the whole
less stimulating. Corn has sympathized
with wheat only little and is coming
forward freely. The most important factor
in the wheat market is that the visible
supplies do not gain as much as has beer
expected.
Wool was and is still bought largely
for speculation, and earlier purchasers are
unloading, but the mills are not yet doing
much more than in October. A few more
have started, but there is scarcely more de.
mand apparent for staple goods.
The boot and shoe industry is still hin.
dered by the general refusal of dealers ia
pay the advanced prices demanded by man.
ufacturers, except for the limited quaint.
ties which are Immediately required and
while most manufacturers are working on
orders taken weeks ago at lower prices
which will keep them busy for some weeks
to come, very little new business is com.
ing. No further advance of Importance
has been made in leather, and the market,
for hides has sharply reacted, so that the
average of prices is slightly lower thar
November u.
THE collapse. of the nail combination and
probably of the beam combination and con
siderable reduction in quotations for nail,
and beams, give reason to look for 9
larger demand for products Of iron and
steel, but at present the sales against
speculative purchases made some time age
are depressing prices, and Bessemer pig
has sold at SLIPS. and according to some
reports little lower at Pittsburgh. The
demand for such products as are not con.
trolled by the combinations is somewhat
Increasing, but by no means as rapidly a..
expected.
Failures for the week have been BOZ
in the United States, against 279 last yea.
and SO in Canada. against AZ last year"
Bradstreet's says:
Last weeks disappointment at the lack
Of demand in general lines continues, the
Intervention of a holiday having made
trade quieter and the volume smaller. Al
some points of distribution there is nc
change in the situation. Mild and unsea.
sonable weather prevents a more active
distribution of clothing and heavy goods,
and the volume moving is smaller. Where
business has been more active II is due
to, filing in orders and to demand for
holiday goods. Confidence in a revival OF
demand, which has not yet appeared, was
responsible for the starting up Of some
mills and factories which are dissatisfied
with their prospects. The most encourag-
ing reports are of an improved tone OF
trade and favorable outlook for 1897"