Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1895-09-13
NO REAL REACTION.
Temporary Gains Vanish But Bust
ness Better Than Last Year.
Strong Reaction Against Rapid Ad.
vance in Prices-Enormous Corn
Crop Bright Feature.

NEW YORK, Sept. 7.--R. g. Dun s.
Co. IS weekly review of trade says: 2
There is no real reaction in business
Gains which were recognized as Temporary
are vanishing, but there remains a decided In
| crease over last year ut date, although prI ces
average SO per cent lower than n year apn
1t needs no keen observer to see that the re-
action against the rapid advance of prices is
strong. Cotton is strong, but has paused.
The general tendency to curtail purchases
where prices have notably advanced grows
clearer In boots and shoes, In wool, and in
some products of iron
Imports are large, but 1t is stated that
Bradford manufacturers find 1t hard to get
labor enough to I'LL their orders, so that delay
may cancel many contracts, US inferior quail
1ty has cancelled some already. The cotton
manufacturer has rising cotton and q strong
market to help but o chance Of o great strike
for higher wages. l.
The Corn Crop a Bright Feature.
"1he brightest feature In all the horizon Is
the certainty that the crop Of corn will be
enormous Frosts now can only affect small
fraction, and the surplus will 20 into the
manufacture OF meals because ut IS cents ct
New York, nearly four cents lower than a
week ago, there is no other profitable use for
corn,
The Situation In Cotton.
"One farm product which has been strong
because certainly short In yield, rose from sl0
D. Tues.
day but has since been weak In spte of COLI
certed official statements that the decrease ia
80 per cent In some states and "a per cent In
Texas.
1.-The public observes much skilled and or.
gantzed labor in these reports and also sees
what many spectators refuse to see, the
100000 bales old American brought over It
Is earnestly hoped that southern agriculture
has not sustained SO great q calamity The
annual reports, showing larger yield last
year than has been supposed, only indicate
that more cotton must remain in the country
beside the unconsumed stocks abroad A
quiet market without much change in prices
for time would be a blessing to the south.
The Failure Record.
The demand for commercial and manufac
turing loans for the west is somewhat larger.
but the money market is still easy
"Failures In four weeks OF August show liza.
bilites OF S8,O46,2S7 Of which 80 s44 S32 were of
manufacturing and &052,3S5 of trading con-
Germs, against SOL s9,477 last year In all-S3-
l733SO manufacturing and S5.077,553 trading
concerns Failures for the week have been 1855
In the United States, against 2l9 last year and
IN Canada IS, against A last year"
Bradstreet's View.
Bradstreet's says:
FAVORABLE crop reports from nearly all d.
rectfonS and continuance of the boom in
steel and iron continue to characterize the
general trade situation Latest advices as to
the corn crop have replaced anxiety with con-
fdence In the larger estimates of the size Of
that crop and satisfaction with the outlook
for trade this autumn
The Iron Boom.
Iron and steel prices have advanced from
81 to 81 further and the demand ut this time
continues In excess of the output, which prob
ably almost equals the largest preceding rate
reproduction All finished products arc begin
ming to show the effects OF higher prices for
raw iron and steel In cores ponding advances
western iron and steel mills have orders to
keep thom busy into 1885, and refuse to name
prices for future delivery. Apparently every
mill and furnace in the country is ut work and
the current fiscal year will probably break
the record of production. AS nearly all iron
makers bought years supply OF ore at low
est prices, advances In wages and other items
OF cost to manufacturers have been more than
eQualed by the advance of prices. Diversity
OF demand and certainty OF heavy requests vet
to come forward point to the iron and steel
boom US the greatest on record here
Speculation Checked.
''iNca g-cwth of bullish specuLG:.ve feeling
eIgendered by expansion in trade and industry
was partially checked toward tho close Of the
week by continued gold exports. London's
bearishness and the low prices for the agri-
cultural products Of the country Public
interest in tho New York stock market has
boon increasing. Reports indicating u settle
ment OF the anthracite troubles have made
the coal stocks q speculative feature For
eign exchange is very dull but firm at ST. 90 for
demand, Tae gold shipments for the week
through outside channels were "a, 900 900
Harvesting and threshing are interfering
little with business In the spring wheat
country, yet Duluth, Minneapolis and St. Paul
jobbers in general lines are pushing for new
business In South Dakota and Washington
farmers show no disposition to sell their grain
California reports perfect weather for harvest
Ing"