Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1896-09-08
A HOPEFUL SPIRIT.
Trade Circles Enjoy a Distinct In
crease Of Confidence.
DUE1O CONTINUED IMPORTS OF GOLD.
These Relieve the Monetary Anxiety, and
Cause Belief That Business
~ Revival Will Soon Be
Experienced.
New York, Sept. 5.-R. G. Dun & Co.,
i. L.. 4

New York, Sept. 5.-R. g. Dun & Co.,
In their weekly review of trade, say:
There Is distinct increase of conf
aence, due largely to the continuing and
heavy imports of gold which have put an
end to monetary anxiety, and also to polit-
lcal events which are closely watched,
While 1t does not yet start more mills and
factories than are closing for want Of work,
1t crops out In heavy speculative purchases
OF pig iron, wool and some other materials,
by experienced men who believe that a re-
vival OF business is not far off. and for the
first time in nearly two months a slight
upward turn appears in prices Of manufac-
tnred products. The same spirit appears in
speculation. Stocks rose an average Of
e2.0S for railways and 1901 for trusts, with
considerable covering of shorts.
Wheat had suddenly risen week ago,
but reacted with better crop news until
Thursday. when another advance came Of
one cent, making the net decline for the
week 1es cents Western receipts continued
large. ,706 bushels for the week, against
1850, 104 last year, making the increase since
July l about 100000 or 50 per cent At
lantic exports are also large, flour included
s,OS2,963 bushels against 1,S47, S52 last year,
and since July ], 19,073 ISL bushels, against
II, 815,645 last year, q gain of SO per cent.
Gloomy stories find little support in such
returns. Corn has reached. at Chicago, the
lowest point ever touched, 20 cents in 1851,
and has again broken all records here, de-
olining to 25% cents, at which 1t closed.
Cotton fell to 7.S7 cents, but with revival Of
confidence rose to $50, although the pros
pect Is clearly more favorable than some
weeks ago.
After many weeks Of decline, so that the
average of prices for iron and its products
was the lowest since early last year, prices
have started up q shade. Heavy specula-
tive purchases Of Bessemer at the west and
of southern iron here the latter mainly
by New Workers at $40 for No. 2, and IS. 80
for grey forge, have so strengthened the
market that Bessemer at Pittsburgh COM
mands s11.2b and grey forge $3.50. The vari-
GUS associations have not reduced prices,
believing that 1t would not stimulate de-
mand at present, which Is extremely mar
row and as yet shows no Improvement.
THE starting Of some wooden mills which
have been idle and accommodating orders for
q short run, is still balanced by the stop
does not increase. No gain as yet appears
In demand or prices. But marked specu-
lative buying of wool shows belief that
prices will improve. Cotton goods are
growing stronger, more grades having adj
vanced, and though sales are moderate,
there are more buyers, indicating exhaus-
ton Of dealers stocks
1.-THE volume of trade indicated by clear
lngs was for the week 10.7 per cent. less
than last year. Exports of merchandise
TOR the week We're Az per cent, ana Tor the
past month 1853 per cent. larger than last
year, while imports were for the week 10
smaller, and for the month IS per cent.
smaller than last year.
Failures have been for the week 1874
In the United States, against 1S6 last year,
and 81 in Canada. against 50 last year."
Shot by Tenant.
Chicago, Sept. 5.-Albert G. Gilrert,
brother to William Gfffert, west town
assessor, was shot and perhaps fatally
wounded Friday night by Albert G.
Botham. Giffert rents the buildirEat
367 West Randolph street from Hottie
Green, of New York, and had sub-leased
1t to Botham for use as a storage ware
house. Botham is behind with his rent,
and it was over this that the trouble