Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1896-05-14
THE BUSINESS REVIEW.
DUN AND BRADsTREETS TELL HOW
THEY SEE 1T.
Cold Weather and Surplus of Woollen and
Cotton Stocks tho Unfavorable Fea-
tures-Dun e. Co. Believe tho situa-
tion Financially Sound.

New York. May S.-Bradstreet's to-mor-
row will say:
Relatively unfavorable features of the
general business situation this week in
cludc unseasonably cool weather which
at some centres has checked trade; con-
tinued surplus stocks of cottons which de-
press prices; dullness and idle machinery
i'm the woollen goods industry, a falling OFF
in demand for lumber at st. Louis and
Minneapolis and continued dullncss in
iron and steel where, although mills and
furnaces are fairly active there is con-
tlnued absence of new orders.
The favorable side of the picture in
cludcs marked increase in the total vol
ume of bank clearugs, Il longer list of
staples for which quotations have adj
Vanced. almost uniform and unexpectedly
improved prospects for cereal and cotton
crops, and more confident feeling as TO
the nutumn's business.
The evident, though gradual, increase In
The volume of business during the past
or 3 weeks shows itself in an enlarged
volume of bank clcarings. The aggregate
for the week is ST. 600, or Is per cent
more than last week, but only seven
tenthS OF ono per cent larger than in the
first week of May. 1895.
Exports OF wheat (1our included as
wheat, from both coasts of the United
States this week amount l,SS2,0D0 bushels.
compared Win l.sI0.V0U pOSlltlN IlSl week,
$50 900 bushels In tho first week of May,
1885, 2,Sl5,OOO bushels in the corresponding
week Of 1894, and 2,7l2,O0 bushels in the like
week of 1888
There are 2G7 business failures through
out the United States to-day rs compared
with pa last week, "a in the week one year
ago.
DUN & CO.'S REPORT.
New York, May S.-R. G. Dun & Co. S
review says:
THAT exports of sjSjO,OoO gold this wccl;
have produced no monetary disturbance
Is at once proof of the soundness OF iinan-
Cial conditions and of the prevailing con-
iidenCc in better things to come. 1t does
not matter whether the gold Is required
for Russia or any where else 1t would not
20 from this rather than other countries
if there were not balances to be met. For
eign exchanges diSCloScs the fact that
largo sums are due abroad and security
balances have been insignificant for some
months. differentiation of goods In some
classes checked continue in others and
materially swell balances payable. But
home money is In better demand and
more easy to get. and greatly improved
commercial settlements have their natu-
raj effect i'm greater freed ON of CONNER
Cial loans. Talk of foreign affairs have
no influence and the decrease so per cent
imports here against ! per cent exports
indicates that merchandise operations
are calling for smaller payments In set
Element Of balances. Domestic exchanges
arc barely five per cent larger than last
year but 10 per cent smaller than in 1893
when business had begun to shrink on ac-
count Of the panic.
Much of the hesitation nj present Is
due to temporary reduced demand in some
industries and I'm iron and steel the power
of the new combinations is being general
ly tested by refusal of orders so that pro-
duction exceeds consumption, but con-
sumption exceeds new buying. Failures
for the week have been 23S in the United
States against 227 last year and p in Can.
ada against 81 last year