Elmore bulletin. [volume] (Rocky Bar, Idaho) 1889-1906, 1896-02-12
WILL HELP ALL TRADE
Success Of the Bond Issue VII
Have Vast Influence.
AND BRIGHT DAYS ARE AHEAD
Foremost CO mmerciaI Agencies of the
Union send Reports of Com
Ing improvement.

New York, Feb. 7.-R. G. Dun &
Co.'S weekly review of trade tomorrow
will say:
THE wonderful success of the popular
loan alters the face of events. This in
fluence on all manufacturing and all
trade can not be lightly estimated. 1t
strips the silver agitation of all it's
power to hurt 1t puts the treasury on
a safe basis for the time, whether con-
gress does anything useful or not. 1t
notifies foreign nations that the United
States has power as well as purpose.
1t unlocks millions of gold which has
been gathered in preparation, brings di-
rectly several millions in gold from Eu-
rope and stimulates the anxiety of for
eign investors to obtain American Sc
curities.
with such revolution in business
suddenly effected, the customary rec
ords of the past weeks and months are
Of less value than usual But there
have been signs of improvement in the
iron manufacture although the aver
age of prices is nearly l cent lower this
week, for orders have been booked for
nearly 900 tons of rails this year
against total deliveries in 1895 Of 1,O00,-
000, and orders for wire nails are slim
ulated by decision to advance the
price again on March l. There is also
more active demand for plates and
sheets. Southern competition lowers
coke iron at Chicago and prevents ad-
vance at the east, while the sales of last
years spectators in the Pittsburg re-
gion still depress Bessemer The ore
i q !, Vsi8 ff,V t14aA
year at $4 or possibly $3.50 and the coke
pool still reduces the output Specula-
ton has raised copper to $l0.25, with
sales of 5000, 900 pounds, and tin TO 131a
cents and lead to $310, with large ex-
ports of Mexican.
THE sales of wool have been 1866, 200
pounds, against 5,192, ,150 pounds last
year and 3,S567 715 pounds in 1898 The
orders for wooden goods are still unus-
ually delayed
Speculation in wheat has again lift
ed the prices. The speculative market
has been influenced by rumors of in
jury to the coming crop and by foreign
adviees, and prices advanced 3A cents
for cash and rs cents for May.
oThe failures for the week We're 32l,
against 2S1 last year"
BRADSTREETS REPORT.
New York. Feb 7.--Bradstreet's will
say tomorrow:
THE subscriptions to the bond issue
and the favorable outcome have been
for easier money and improvement.
Additional favorable influences are
found in heavier bank clearings, con-
tinued firmness of prices, sustained de-
mand for iron and steel, and the an
nouncement from st. Paul, Milwaukee
Omaha and Des Moines of revival II
business with jobbers in staple lines
At the east, Baltimore and Pittsburl
report favorable trade conditions. II
the south gains in wholesale lines art
announced from Nashville. Memphis
Atlanta and Birmingham The reVers'
includes the depressing influences o
stormy and wet weather in difference
of consumers of domestic woolen dres
goods, renewed sales of print cloth an'
other makes of cotton goods only afte
a reaction in prices continuance of ex
treme conservatism in almost all lines
and the fact that the relief of the treas
ury by the heavy over-subscription I
the bond issue in the absence of SCUM
currency legislation by congress, Wi
probably prove only temporary de
vice to maintain the gold reserve. Ger
eral trade at Chicago st. Louis Bul
falo and Philadelphia shows no res
gains from the preceding week, whe
the situation was quiet even to dullnes
and the outlook unsatisfactory
Business failures this week were 33
as contrasted with 1913 last week.
BANK CLEARANCEs,
New York. Feb. THE following t;
BILE, complied by Bradstreet's, show
the total clearances at the principi
cities and the percentage OF increa'
or decrease as compared with the CO
responding week of last year: