The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1896-11-14
BENEFITS BUSINESS.
Close OF tho Campaign and It's Re-uis
Helps Trade.

Helps Trade.
New York. Nov. 7.-R. q. Dun a. Co.
In their weekly review OF trade says
a great revolution has been erected
this week I'm tho conditions which control
business. IL could not be In any fair de-
gree reflected as yet In transactions or In
records. but there II ample evidence al
ready that a crushing weight has been
lifted and rolled away. and the business
world has adjusted itself TO state OF
freedom and security which II has not
known for years. and new contracts In
volving many millions have become bind
INK since the election. The rush for stocks
on Wednesday lifted the average for NIL
railways n.l6 per share In single day
and trust stocks tl5 and In many OF tho
that heavy sales for realizing caused some
reaction. Tho Wild advance OF over .
cents I'm wheat on Monday and Wednesday
was also followed by realizing and do
cline on Thursday. Hut tho instant van
ishing OF the premium on gold. which had
reached about per cent. the unlocking OF
many millions which had been boarded.
the collapse OF the interest rate from 3
and IL TO and bla per cent. and the quick
demand for American securities on foreign
account are signs OF more lasting promise.
1T was not Htrictly logical that wheat
advanced cents. ana heavy realizing OF
profits showed perception OF the fact.
growing disposition appears among farm
10 nOlu wheat better prices imam
arc now realized. although at present any
advance checks buying for export. Spec
ulation I'm cotton was also excited on the
theory that mills would now start up and
would meet large demand for goods.
But the advance was met by realizing sales
and a slight reaction. IL will be all the
better for business II bright hopes do not
hoist prices too fast.
THE election Immediately stinened prices
OF pig Iron. which reached si2 at Pitts
has aNasfwN
many large orders for buildings and bridges
and other finished forms would now be-
come operative justifies some advance. The
future OF this trade depends upon the ex-
tent OF Increase I'm demand for finished
products OF iron and steel. which IL like
ly TO be materially affected by the course
pursued by various combinations.
Failures for the week have been go In
the United States. against $50 last year.
and ~ In Canada. against - last year"
Hradstreet'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 manufac-
turers and jobbers are moro inclined to
purchase In advance instead OF for near
by wants. and in few lines, notably wool.
cotton. iron and steel. larger volume OF
purchases Is reported That merchants
generally share the confidence IN an early
revival Is indicated by hardening staple
prices and the increases In quotations In
addition 10 those given In preceding weeks.
Sales or cotton goods have been freer
and some mills are better employed. Wooden
mills also report more orders and a tenden-
cy TO prefer highcr-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 contingent on election
results, notably in the lumber and jewciry
lines, are now being filed. Owing To tho
iGtcness OF the season few have regarded
the outlook as promising much I'm the ma
ture OF boom during the current year.
AT a few northwestern commercial CEN
tiers large orders have been received from
country merchants within few days. and
In Georgia farmers have met their obliga-
tions this autumn more promptly than for
years past, and southern merchants and
manufacturers are reported as looking
ahead confidently 10 a marked Improve
mcnt in business In the near future