Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1896-11-12
a CRUSHING wEloHT

Has Been Lifted and Rolled Away RrsE
she Business Werid-A New seaee OF
freedom and Security Net Kn0wn fol
Years, Prevails, and New Contracass In
voIvtng Many 1AlIlfonss Have Become
binding Since she Election.
NEW YORK, Nov. 7.-R. G. Dun &
Co., in their weekly review of trade,
to-day say:
A great revolution has been effected
this week in the conditions which con-
troll business It could not be in any
fair degree reflected as yet in transac-
| lions or in records, but there is ample
evidence already that q crushing
weight has been lifted and rolled
away and the business world has adj
justed itself to state of freedom and
security which it has not known for
years, and new contracts involving
many millions have become binding
since the election. The rush for
stocks on Wednesday lifted the average
for all railways S1.16 per share in
single day, and trust stocks S1.54, and
in many of the most active the adj
vance was so sudden that heavy sales
for realizing caused some reaction
The wild advance of over } cents in
wheat on Monday and Wednesday was
also followed by realizing and decline
on Thursday. But the instant vanish
ing of the premium on gold which had
reached about 2 per cent; the unlock.
ing of many millions which had
been boarded, the collapse of the in
terest rate from and IL to 6 and So
per cent. and the quick demand for
American securities on foreign &C
count, are signs of more lasting prom
Use.
1t was not strictly logical that wheat
advanced five cents, and heavy realiz-
ing of profits showed perception of the
fact. Western receipts we're only
6,Os7, I59 bushels, against SOLO, 910 last
year, and Atlantic exports, flour in
cluded, were Lass 1858, against 1,79o,-
S33 last year. A growing disposition
appears among farmers to hold wheat
for better prices than are now re-
allied
Speculation in cotton was also ex-
cited on the theory that mills would
now start up, and would meet a large
demand for goods; but the advance
was met by realizing sales and a
slight reaction. It will be all the bet
ter for business if bright hopes do not
hoist prices too fast.
The election Immediately stiffened
prices of pig iron, which reached S12
at Pittsburgh for Bessemer, and the
certainty that many large orders for
buildings and bridges and other fin
ished forms would naturally become
operative, justifies some advance. The
future of this trade depends upon the
extent of increase in demand for fin
ished products of iron and steel, which
is likely to be materially affected
by the course pursued by various COM
binations. The billet pool, which is
still openly undersold at Pittsburgh,
and caused no end of disturbance in |
business by favorinR one class of pro-
ducers to the detriment of another,
has been in session here, and is said |
to have changed its basis of allot- |
ments SO as to secure fairer re-
suits. The nail combination is |
now. threatened with hostile league of
jobbers and producers, and is openly |
undersold. The bar combination, not
withstanding 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 appears in the market for cot
ton goods.
Failures for the week have been $50 |
in the United States, against ESQ last
year, and SO in Canada, against 40 last
year.