The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1896-12-03
THEY DIFFER.
Views Of Dun and Bradstreet on the Conn
meEcinl situation.

Views Of Dun and BrsdstFeet ON the Conn
mercial situation.
New York. Nov. 2s.-R. G. Dun & c.
In their weekly review Of trade say:
When tho rush Of orders efter the cleo
ness dwindling. But subsistence Of de-
ferred orders IL not decrease Of business.
Disappointment 10 observed in tho iron and
steel industry because various combine
lions have been and are still ,retarding or
ders by prices which buyers believe cannot
be maintained, and the Same II true In
boots and shoes and in q few branches Of
textile goods. But business Is on tho whole
charging and the employment Of many
more hands win 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 eject, give
promise Of more business. Broadly speak
Ing the gain has been greater than anybody
expected, and 1t IL not surprising II q small
part Of it is in excess Of the present con-
Stunning demand.
Reports from all parts Of tho country
show clearly tho enlargement Of trade. not
at all points in the same branches, but
everybody helped by a more confident feel
ing. Monetary difficulties have vanished
AZ II by magic, and banks with an uncom-
fortably large supply Of idle money are
recently hunting lenders. Enormous gains
in bank deposits. s., 900 600 in two weeks.
indicate something Of the amount Of funds
recently boarded.
wheat has risen over s cents for the
week without material change In foreign
advices. which have been on the whole
less stimulating. Corn has sympath1zed
with wheat only a little ana il coming
forward freely. The most important factor
in the wheat market Is that the visible
supplies do not gain a. much a. has been
expected.
Wool was and IL still bought largely
for speculation, and earlier purchasers arc
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.
1.-The boot and shoe industry Is still hin
dered by the general refusal Of dealers to
pay 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 10 COM
ing. No further advance of Importance
has been made in leather. and the market
for hides has sharply reacted. 10 that the
average Of prices II slightly lower than
November II.
1.-THE collapse Of the nail combination and
siderable reduction in quotations for nails
and beams. give reason to look for 4
larger demand for products Of iron and
steel. but at present the sales against
speculative purchases made some time ago
are depressing prices, and BessemeE pig
has sold at $l2.25, and according to some
reports a little lower at Pittsburgh. Tho
demand for such products as are not con-
trolled by the combinations IL somewhat
increasing. but by no means as rapidly as
expected.
Failures for tho week have been 800
In the United States, against 279 last year
and 50 in Canada. against Il last year."
Bradstreet's says:
Last weeks disappointment at the lack
of demand In general lines continues, the
Intervention of holiday having made
trade Quieter and the volume smaller. At
some points of distribution there IL no
change in the situation. Mild and unsea-
sonable weather prevents a moro active
distribution Of clothing and heavy goods,
and the volume moving Is smaller. Where
business has been moro active 1t il due
to filling 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"