New Ulm review., 1901-11-27
4 R[AL THANKSGIVING.
Industrial Conditions in United
States Furnish Ample Reason
for Gratitude.
NEVER BEFORE WERE so PROSPEROUS.
Great Strides Made Towards Position
of International Supremacy Not
Only in Commerce But Also in
Finance-Business Ventures Prove
Very Successful.

New York, Nov. 25.-R. G. Dun & Co.'S
Weekly Review of Trade says: "Never be-
fore in the history of the United States
was such great reason for day of ma
tional thanksgiving. This country has
made unprecedented strides toward a po-
sition of international supre macy, not only
in commerce, but also in finance. To a
marked degree business enterprises have
proved successful. An idle wheel in
mills or factories is the exception, while
labor is so well employed at high wages
that consumptiye demands sustain market
values of all staple commodities. Trans
porting facilities have been unable to
keep pace with the nations requirements,
many complaining of tardy deliveries,
winch alone act as a brake on CONNER
cial progress. BY closing lake navigation,
lower temperature will relieve the rail
way situation, thousands of cars being
restored to inland traffic This same fac
tor of seasonable weather stimulates retail
dealings, and prompt collections swell
bank exchanges.
Iron and Steel.
Careful search discloses few unfavor-
able factors in the iron and steel situa-
uon. Probably the least satisfactory con-
d1t1onS are found a plate mills, which re-
port an uneven distribution of orders A
lew large concerns appear to secure the
bulk of new business, but heavy orders for
the new combination will put this class of
mills on stronger basis. In rails there is
no apparent limit to the orders placed,
though some mills are unable to guaran-
tee delivery within year. One Pittsburg
report places the years output of struc-
tural material at 100000 tons After six
months of more or less interruption all ma
chine shops and kindred plants at San
Francisco have fully resumed, and it is
certain that the greatest force on record
is now engaged in the various departments
of iron and steel making.
Farm Products.
Strength is the rule in the markets for
farm products. Favorable weather dur
ing the closing days of corn harvesting
failed to bring any reaction from the high
est price level in many years, and the
market was equally oblivious to Atlantic
exports for the week of only 450, 424 bushels,
as against S,S3S, ,666 a year ago. After some
weeks of gradual decline toward a normal
position, pork products suddenly bounded
upwards regardless of weakness in live
hogs. Wheat holds at about three cents
above last years price, despite the marked
difference in size of crops.
Failures for the week numbered 21S in
the United States, against 23S last year
and 81 in Canada, against 29.''
AS Seen by Bradstreet.
Bradstreet's s says: "Mild weather and the
car shortage are leading subjects for dis
cussion in trade and industry. The for
mer naturally limits retail consumptive
demand In some sections, notably the
north and northwest but complaints come
also from the south, where, however, the
shorter-than-expected yield and the lower
than -last-year's prices of cotton are addi-
tional features. Taken as whole, how
ever, the recorder demand from jobbers the
country over, and the inquiry for holiday
goods, is equal to, and. in the latter case,
superior to recently preceding years.
While complaints of insufficient transporta-
tion facilities come from all leading Amer
ican Canadian, and even some Mexican
points, the chief tension Is noted in that
part of the country between the Allegheny
mountains and the Mississippi, and be-
tween the lakes and the Ohio river. While
1t Is expected that the close of lake navi-
cation will relieve the tension and release
some cars, little permanent Improvement
is looked for until after January L."