The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-11-14
The Markets and the Election.

The lunatics voted for the Republi-
can party under the assurance that it
would bring good times, and here are
the results thus far:
New York, Nov. Or. G.. Dun &
Co.'s weekly review Of trade, which is
sues tomorrow, will say:
"Business has been waiting the
greater part of the last week and the
elections are expected to give it a
sharp stimulus. Whether men are
right or wrong in expecting better
things, the fact that they expect
| them does tend to make things bet
| ter.
I'm the speculative markets there
has been scarcely any movement and
nothing taroradle to holders. Wheat is
cents higher, but with receipts only
S45,O32 bushels, against G,593,477 the
same week last year, there is little en-
| cOuragement, because stocks in sight
are far beyond all previous records.
Atlantic exports have been only 552,-
3l7 bushels, against 947 1853 last year.
and the price has advanced about
cent, but there is scarcely dny confidence
that present prices, lO,r as they are aciI be
maintained.
"Corn has fallen about 2 cents, not
withstanding the fact that western
receipts were only about 1,017 ,693
bushels, against 2,494,647 last year,
and Atlantic exports only y 1872 BUSH
| els against 662, 1894 last year, for statis-
tics have little effect when the supply
| is believed to Ee so far short.
"Cotton has declined !, to s. cents,
| arhich is dgoil the lO,rcst price ecer recorded
| and appears to meon, definite decrease IN
! production hereafter, as in most of the
southern states the prices now real
lied are not remunerative. For the
present the stocks here and abroad
are large enough to kill any specula-
| tiOn.
"The output of pig iron was larger
by 7,73l tons Nov. !, when it was 15S.
and larger than year ago, but it is
still about 13 per cent below the out
put last May before the great depres-
sion began. 1t is noted that nearly
all the furnaces in the region depend
ing on COnnellsville coke and lake ore
are now in operation, with an output
of $4,000 tons weekly out of a maxi
mum in that region of 1000 tons, but
Bessemer iron is rather weaker in
Pittsburg, and prices for finished pro
| ducts of iron and steel haze not inlprored
Some of the wire-rod mills hare closed
for lack Of orders and few of the large
Steelmaking concerns have reduced
hours of ,rork. At the same time there
| is a decided improvement in the tone
| of the market and general confidence
that the business will now improve" !"
The prices have not improved, mills
have closed and wages are reduced,
but there is San improvement in the
tone and a general confidence that
| business will no,r improve!'
Louder on the "toLeu' And when
one set Of frauds has driven another
set of frauds to the wall, ''business
will notu improves OF course it will.
And Dun s. Co. continue:
| "ScarceIy anything is doing in wool
ell goods for spring delivery, and the
demand for fall and winter goods has
nearly disdppcdWd In general it is be-
lieyed that the spring orders thus far
are not more thGn hGif the usual quantity.
| The sales of wool at the three chief
markets of the east have been only
3,575. 600 pounds against 3.S64.700 last
wear and S,2l5,00 in 1892 for the cor
! responding week. There is no specu-
| lative buying and manufacturers are
purchasing only for their immediate
need, SO that the prices, though arerag-
ing dbont q quarter V.o cent loarcr than q
month ago. shoe no tcHdeacy rs yet to i'm
prorc"
And England grins: while the
Americans pare the toc-nails Of the
patient to cure his consumption.
Go ahead, blatherskiteS. We can
! stand it If you can. But woe unto you
when the day of reckoning comes
and it isn't far off either. I. D,
| The monOpoljsts have bought the