Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1896-11-10
IT HELPS BUSINESS.
Trade Given an Impetus by the
Result OF the Campaign.
CONSIDERED EXCELLENT.
Contracts Involving Millions of Dollars
Become Binding Since the Election
Continued Improvement In the
Industrial Situation.
New York. Nov. 7-R. G. Dun g. Co

New York, Nov. 7.-R. G. Dun & Co.
in their weekly review of trade say:
IA great revolution has heen effected
this week in the conditions which control
business. 1t could not be in any fair de-
gree reflected as yet in transactions or in
records. but there is 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 1t has not
known for years, and new contracts in
volving many millions have become bind
ing since the election. The rush for stocks
on Wednesday lifted the average for all
railways $1.16 per share in single day
and trust stocks s1.54. and In many of the
most active the advance was so sudden
that heavy sales for realizing caused some
reaction. The wild advance OF over 8
cents in wheat on Monday and Wednesday
was also followed by realizing aud de-
cline on Thursday. But the 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 8
and - to and 5l2 per cent. and the quick
demand foc American securities on foreign
account are signs of more lasting promise.
1T was not strictly logical that wheat
advanced cents, and heavy realizing Of
profits showed perception of the fact A
growing disposition appears among farm
crS 10 nOlQ wheat Tor better prices than
are now realized. although at present any
advance checks buying Tor export. Spec
ulat1on in 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 slight reaction. 1t will be all the
better for business If bright hopes do not
hoist prices too fast
The election immediately stiffened prices
Of pis iron. which reached SIP at Pitts
bursh for BesSener, and the certainty that
many large orders for buildings and bridges
and other finished forms would now be-
come operative justities some advance The
future Of this trade depends upon the ex-
tent of increase in demand for finished
products of iron and steel, which is like
ly to be materially affected by the course
pursued by various combinations. The BILL
let pool. which Is still openly underscld at
Pittsburgh and has caused no end of dis
turbance in business by favoring one class
of producers to the detriment of another,
has been in session here and is said to
have changed its basis of allotment so as
to secure fairer results. The nail COM
bination is now threatened with hostile
league Of jobbers and producers and is
openly undersold. The bar combination,
Notwithstanding its large rebate is still
demanding more than the prices at which
steel bars are sold In great quantities.
A slight advance in sheetings and print
cloths is. the only change which yet ap-
pears in the market for cotton goods, and
practically no change has yet appeared in
woolens.
Failures for the week have been 230 in
the United States, against $50 last year,
and 81 In Canada, against 40 last year."