Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1896-02-14
THE BOND ISSUE.
How 1t Affects Trade as Viewed
by Dun & Go.
Certainty That the People Can and
Will Uphold the Government
Bradstreet's Opinion.

New York, Feb. S.-R. G. Dun & Co.,
in their weekly review of trade. say:
THE wonderful success of the popular
loan alters the face of events January
operations become ancient history as the
nation mounts above all doubts and fears
to a solid certainty that the people can
and will uphold their government. The
influence of this event upon all manufac-
turing and all trade cannot be lightly esti-
mated. 1t strips the silver situation of all
Its power to hurt 1t puts the treasury
upon a safe tnsis fer the time. whether
congress Goes anything or not. 1t notifies
foreign nations that the United States has
power us well as purpose. 1t unlocks
millions OF eolf which have been gathered
In preparation, brings directly several mil
lions OF gold from Europe and stimulates
the anxiety of foreign investors to obtain
American securities
Revolution in business.
with such revolution in business sud-
denly effected. the customary records of
the past week ard month are of less value
than usual. Rlt there have been signs of
Improvement In the iron manufacture,
although the average of prices is nearly
per cent. lower this week. and orders for
wire nails are stimulated by decision to
advance Prices again March 1. There is
also more active demand for plates and
sheets. = he boot and shoe manufacture
does 10: gai' as yet. leather being about
per cert lower for the week. Hides are
depressed by tight money, though in light
deinand and abou. per cent. lower for the
week. The cotton mills continue general
ly active. though te;iS of decreasing the
production still continues; print cloths do
not rise abo:e pa cents. and some goods
tend lower. Speculation III wheat has again
lifted prices. The speculative market has
been largely influenced by rumors of In
jury to the coming crop and by foreign
advances. Corn has been comparatively
quiet. Failures for the week have been
1928 in the United States, against 2S1 last
year, and e3 in Canada, against IS last
year.
lsradstreet's Views.
Bradstrcet's says:
General trade waited the result of sub
scriptions to the bond issue, and the senti-
mental effects of the unexpectedly favor
able outcome have been for easier money
and improvement. Additional favorable in
luences are found in heavier bank clear
ings, continued firmness of prices, sus-
tanned demand for iron and steel, and the
announcement from st. Paul, Milwaukee,
Omaha and Des Moines of a revival in
business with jobbers in staple lines. AT
the east, Baltimore and Pittsburgh report
favorable trade conditions. At the south,
gains in wholesale lines are announced
from Nashville, Memphis, Atlanta and Bir-
mingham.
Only Temporary Relief.
THE reverse includes the depressing in
fuences of stormy and wet weather, in
difference of consumers of domestic wooden
dress goods, renewed sales of print cloths
| and other makes of cotton goods only after
reaction in prices, continuance of eX-
IRENE conservatism in almost all lines and
the fact that the relief to the treasury by
the heavy oversubscription to the bond
issue in the absence of sound currency
legislation by congress will probably prove
only temporary device to maintain the
gold reserve. General trade at Chicago,
st. Louis, Buffalo and Philadelphia shows
no real gain from the preceding week,
when the situation was quiet even to dull
ness and the outlook unsatisfactory"