Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1896-03-26
SHOWS LITTLE GAIN.
Tendency In Industrial and Commercial
4 Circles Not Encouraging.

In Industrial and Commercial
Circles Not Encouraging.
- New York. March 21.-R. G. Dun &
CO. in their weekly review of trade say:
Movement toward better things is still
the execution. There is better business in
shoes and small industries, and there has
been squeezing of short sellers IL, cotton.
but the general tendency Of Industries and
prices Is not encouraging. and those who
We're most hopeful month ago are still
waiting. not so hopefully, for the expected
recovery. Distractions to recovery are not
to bessought primarily in the Investment
or the money market, but in the, industrial
reaction after the unnatural expansion of
demand and prices last year. 1t is a strik-
Ing fact that the only great industry which
is now rapidly gaining in business is the
one in which prices have. been generally
ctff down to last yehr's lowest fgQres,..aFd
the boot and shoe makers had aTeasonfor
hesitationnan prtces 81 leather, which still
average SIX per cent high hama year
agt,, Though hides are 13 per scent: Tower,
having again declined the past weeksabout
three per cent. If the manufacturers get
marrow profits Or none, they are at least
doing q business (which will keep most Of
the works in operation. .
= THE wooden mills have di4erent.condi-
,ttQnss and Withiprices already reduced be-
low last years. lowest AVERAGE and wool
5.3aper cent. higher than twas then, they
aEe lOU getting business TO keep WOrkS In
operation Sales Of wool were the smallest
In any week for years. A Sharp decline in
the ,prfaesFof cotton goods is the comment
Of mills on rising cotton. Goods now aver
age Tower than since May, 1895, having de-
cfined AZ per cent for the week. print
cloths to 2!a cents, which is only a sixteenth
above the lowest price on record. The ac-
emulation Of goods in the face of slack
and: rapidly diminishing demand has
brought the closing of one of the largest
mills. and others are considering.
THE iron industry shows but slight
still insist upon the highest prices of last
year, and the demand is naturally cur
tailed. Quotations are deceptive, because
lower prices are constantly made to secure
business. But with ore and coke cornbina-
tons demanding high figures. hesitation
is inevitable. = q,
''TheS market in wheat has been weak.
The movement of corn continues very
large and prices have declined one cent for
cash. A troublesome feature of the sit,,a-
ton is the stringency in commercial loans,
not because of scarcityaof money, but be-
cause banks are disturbed by failures of
some Importance.
Failures for two weeks of March cover
liabilities of $6799.397, against $780, Al last
year. Failures for the week were PSI in the
United States, against 27S last year. and ~
in Canada. against IS last year."
Bradstreet's says:
General trade throughout :the Omitted
States for the first quarter of 1896 is disap-
pointing. When the Improvement in in
dustrial. and commercial lines between
March and September. 1885, is recalled; oc-
curing as it.. did two years after the panic
of 1893, reason would seem to have been be-
hind the confidence that the: current cal
endar year would bring general revival.
But the most favora BILE reports at this time
are those which declare the volume of bust
ness only equal to in a few instances in
excess OF the like total one year ago.