The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1896-12-02
THEY DIFFER.
Views of Dun and Bradstreet on the Com
mercial situation.


mercial situation.
New York, Nov. 2s.-R- q. Dun & 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
Disappointment is observed in the iron anc
steel industry because various combina-
tons 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 few branches OF
textile goods. But business is on the Wnole
charging and the employment Of many
more hands viii 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 II is not surprising IL 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. moi
at all points in the same branches, bull
everybody helped by more confident feel
ing. Monetary difficulties have vanished
hs II by magic, and banks with an uncom-
fortably large supply of idle money are
hunting borrowers, as the borrowers were
>.
in bank deposits, SS7, 600 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 sympat hized
with wheat only q 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 &c
pay the advanced prices demanded by man
ufacturers, except for the limited quaint
ties which are Immediately required and
while most manufacturers are working OF
orders taken weeks ago at lower prices,
which will keep them busy for some weeks
10 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 QuotdtlO Tor nan:
and beams, give reason to look for g
| 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 S1225, and according to some
reports a 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 as
expected
Failures for the week have been 30t
in the United States, against 279 last yea,
and IS in Canada. against q last year"
Bradstreet's says:
Last weeks disappointment at the Ia OK
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 NJ
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 it is due
to filling in orders and to demand for
holiday goods. Confidence in 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
u Co. III lr>al- fry