The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1896-11-12
BENEFITS BUSINESS.
Close Of the Campaign and 1ts Resale
Helps Trade.

New York. Nov. 7.-R. G. Dun Geo.
In their weekly review of trade says
"A great revolution has been. effected
this week in the conditions which. control
business. It could not bs In any fair de-
gree reflected a. yet In transactions or IN
records, but there; 70 ample evidence a.
lifted and rolled away. and the business
world has adjusted itself to state OF
freedom and security which 1t has not
known for years, and. new contracts m
volvjnE many millions have become olna->
bn Wednesday lifted the average for all
railways $1.l6 per share I'm q single day
and trust stocks $l.6. ana In many OF tho
most active tho advance was 10 sudden
that heavy sales for realiz1ng caused some
reaction. The wild advance Of over
cents in wheat on Monday ana Wednesday
was also followed by realizing and de-
cline on Thursday. But the instant van
fishing Of the premium on gold. which had
reached about 3 per cent. the unlocking Of
the collapse of the interest rate from
and II to and 81 per cent. and the quick
demand for American securities on foreign
account are signs OF more lasting promise.
1T was not strictly logical that wheat
advanced cents. and heavy realizing OF
profits showed perception OF the fact. A.
growing disposition, appears among farm
crs to hold wheat for Better prtces$than
are now realized. although at present any
advance checks buying for export. Spec
theory that mills would now start up and
would meet q large demand for goods
But the advance was met by realizing sales
and slight reaction. It will be all the
better for business II bright hopes do not
hoist prices too fast ,,
1.-THE election Immediately stiffened prices
Of pig iron. which reached $l2 at Pitts
burgh for Bessemer, and tho certainty that
many large orders for buildings and bridges
and other finished forms would now be-
como operative justifies some advance. Tho
future Of this trade depends upon the ex-
tent Of increase in demand for finished
products Of iron and steel. which 10 like
" to be materially affected by the course
pursued by various combinations.
Failures for the week have been go In
tho United States. against $50 last year.
and e. in Canada. against ~ last year"
Bradstreet's says:
Business was practically suspended
throughout the country this week, and
there has been little increase in the volume
since the election, compared with like Pc
RODS in preceding weeks. But nanufac-
turers and jobbers are more inclined to
purchase In advance instead Of for near
by wants. and in a few lines. notably wool,
cotton. iron and steel. a larger volume of
purchases il reported. That merchants
generally share the confidence in an early
revival IL indicated by hardening staple
prices and the increases in quotations in
addition to those given In preceding weeks.
"Sales of cotton goods have been freer
and some mills re better employed. Wooden
mills also report more orders and a tenden-
cy to prefer higher-cost goods. Numerous
Industrial establishments which have
started up within two days report being
offered large orders II they would sell 1891
delivery at present prices. Many Rhode
Island manufacturers report preparations
for larger output than anticipated. and
that orders received contin gent on election
results, notably In the lumber and jewelry
lines. are now being filed. Owing to tho
lateness Of the season few have regarded
the outlook as promising much in the ma
ture Of boom during the current year.
lat a few northwestern commercial GEN.
tiers large orders have been received from
country merchants within few days. and
in Georgia farmers have met their obliga-
tons this autumn more promptly than for
years past. and southern merchants and
manufacturers are reported as looking
ahead confidently to a marked improve
1ncnt in business in the near future.