Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1896-11-17
A GREAT CHANGE.
The Week Shows Remarkable I'M
provement in Business Circles.
INDUSTRIAL SITUATION IS BRIGHT.
Demand for American Wheat Abroad and
Returning Confidence the Principal
Factors-Money Market Shows
Striking Change

New York, Nov. 14.-R. g. Dun & Co,
In their weekly review of trade, say:
mo one now doubts that brighter day
dawning, and 1t Is common remark that
never before has business shown so great
change for the better within single
week. Dispatches telling of about 500
works which have opened or materially
enlarged their forces give only a partial
report, for throughout the country the gain
has been surprising even to the most hope
full.
Wheat an Important Factor.
Foreign need of American wheat con-
tinues an important factor and the price
went to IS cents, gaining cents for one
week, 10 cents for two weeks. and "a cents
Since early in September. The price is the
highest since June, 1892. Western receipts
were only ,0S3 bushels against S,202, 1854
last year, but the election cut off much
work during the days in which these re-
celpts were started to market.
Many textile works have been started
pr increased IN force, many on orders
booked weeks ago. But there has not
been much increase in the demand. After
purchases of 46,0oO,000 pounds of wool in
Ave weeks, the transactions fell to 6.249,-
700 pounds last week, but prices were
strong and in some grades cent higher,
and even greater advance is demanded at
the west. while foreign markets are higher
and Australian fully 1 cent per pound up,
The market for cotton goods is not yet
active, but more liberal estimates of the
cotton crop are generally credited, caus-
Ing an 1s-cent decline to cents.
The Iron Trade.
1.-THE output of iron furnaces In blast No.
vember l was 124,077 tons weekly having
been increased 1925 tons, or 10 per cent,
IN the latter part Of October, by conf
aence in the future. All the markets were
stronger, although the enormous pur-
in I1, 80
causes comparative inactivity at present.
Plates and steel bars are 81 to So per ton
higher, and sheets in better demand An
shracite and Bessemer pig have advanced
shade and the average Of prices Is 21a
cents higher
pectation, Notwithstanding the general i'm
provement in business, is that some IL
not all the combinations will decide to
reduce prices. The coke combination. Il
now appears, has not prevented large con-
tracts for future delivery at less than 81,
Its fixed price, and even less than s1.75.
but the output last week decreased. A
heavy sale of copper to foreigners, said to
cover 100000 pounds, has raised the price
to 117s cents, and tin actually sells at 1a
cents, though less is quoted.
The Money Market.
1.-THE change In the money market Ia
striking. Instead Of s2.500.0o0 going out
" SAS 1ALSIloEs dS Ue1OTe, SE,oVV,VUU nave
come in this week; instead Of 80 cents dis
count. New York exchange at Chicago is
at 10 cents premium; instead Of mer-
chants and manufacturers vainly hunting
lenders banks are hunting for more COM
mercial paper. Commercial rates are down
to per cent. on best paper Foreign ex-
change is higher, owing to sales of $4,000. 900
government bonds taken by the Bank Of
England as a member Of the syndicate
early in 1895, to payments of $4,000. 900
sterling loans. and to foreign realizing on
900 Of securities, but all these are in
effect taking profits for confidence in Amer
lean honor.
Failures for the week have been PIG
In the United States, against 2S3 last year,
and IS in Canada, against 40 last year."