The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1896-12-05

Views OF Dun and Bnadstreet on the Con-
merciai situation.
New York. Nov. 2s.--R. q. Dun & ca
In their weekly review OF trade say:


merciai situation.
New York. Nov. 2s.-R. q. Dun & ca
In their weekly review of trade say;
when the rush OF orders after the cleo
ton slackencd. many began 10 think bust
ness dwindling. But subsistence OF do
ferrec orders Is not decrease OF business.
disappointment is observed In the iron and
steel Industry because various combina-
tons have been and are still retarding or
dcrs by prices which buyers believe cannot
be maintained. and the same IN true I'm
boots and shoes and In few branches OF
textile goods. Hut business Is on the whole
enlRrging 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 or 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 IL IL not surprising " a small
part OF IL Ia In excess OF the present con-
Stunning demand.
Reports from all parts OF the country
show clearly the enlargement or trade. not
at all points In the same branches. but
every body helped by a more confident feel
as IL by magic. ana banks with an uncom-
fortably large supply OF idle money are
hunting borrowers, as the borrowers were
recently hunting lenders Enormous gains
IN Danh deposits, sotsVVVsVVV III AWo WSthss
indicate something Of the amount Of funds
recently boarded.
Wheat has risen over cents for the
week without material change In foreign
adyices, 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 ns much as has been
expected.
Wool was and IL still bought largely
for specuigti ton, 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 him
dered by the general refusal of dealers 10
ray the advanced prices demanded by man
ufacturers. except for the limited quanti-
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 ~ slightly lower Than
November H.
THE collapse OF the nail combination and
probably OF the beam combination and con-
siderable reduction In quotations for nails
and beams, give reason 10 look for a
larger demand for products or iron and
steel. but at present the sales against
speculative purchases made some time Ego
are depressing prices, and Bessemer pig
has sold at Sl225, and according 10 some
reports little lower at Pittsburgh. The
demand Tor 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 SOC
In the United States. against ~ last year
and 81 In Canada. against a last year
Bradstreet's says:
Last weeks disappointment at the lack
OF demand In general lines continues. the
| Intervention OF holiday having made
trade quicter and the volume smaller. At
some points OF distribution there Is no
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 Milling i'm orders and TO a 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 a favorable outlook for 1891"