The record-union., 1896-11-07
WEEKLY REVIEW OF TRADE.
BENEFICIAL RESULTS OF TUES.
DAYS ELECTION.
1t Has Affected Great Revolution in
the Conditions Which Con-
troll Business.

NEW YORK, Nov. 6.-R. G.. Dun &,
Co. will say tomorrow in their weekly
review of trade:
A great revolution has been effected
this week in the conditions which con-
troll business. 1t could not be in any
fair degree reflected as yet in trans
actions or on records, but there is am
PIE evidence already that a crushing
weight has been lifted and rolled away,
and the business world has adjusted it
self to a state of freedom and security
which it has not known for years, and
new contracts, irisalving many mill
icns, have become binding since the
election.
The rush for stocks on Wednesday
lifted the average for all railways 81 16
PER share in a single day, and trust
stocks 81 81, 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 three cents
in wheat on Monday and Wednesday
was also followed by realizing, and de-
clined on Thursday, but the instant
vanishing of the premium on gold,
which had reached about per cent, the
unlocking of many millions which had
been boarded, the collapse of the inter-
est rate from s and II to 6l5 per cent,
and the great demand for foreign ac-
count are signs of more lasting prom
iSe.
1t was not strictly logical that wheat
advanced five cents, and heavy realizing
Of profits showed perception of the fact.
western receipts We're only S549. 159
bushels, and exports, flour included,
were only 1,5SS,35S, against 1,79O,S33
last year. A growing disposition ap-
Fears among farmers to hold wheat for
better prices than are now realized. al
though at present any advance chokes
buying for export
speculation in cotton was also ex-
cited, on the theory that mills would
now start up and would make a large
demand for goods, but the advance was
met by realizing sales and a slight re-
action. 1t will be all the better for busi-
ness II bright hopes do not hoist prices
too fast
The election Immediately stiffened
prices of pig iron, which reached S12 at
Pittsburg for Bessemer, and the GER
tainty that many large orders for build
ings and bridges and other finished
forms would now become operative
caused some advance. The future of this
trade depends upon the extent of in
crease in demand for finished products
of iron and steel, which is likely to be
materially affected by the course pur-
sued by various combinations The bill
let pool. which is still operating at Pitts
burg, and has caused no end of disturb
ance In business by favoring one class
OF producers to the detriment of an
other, has been in session here. and is
said to have changed it's basis of al
lotment so as to secure fa1rer results.
The nail combination is now threatened
with hostile league of jobbers and
producers, and is openly undersold The
bar combination, Notwithstanding it's
large rebate, is still demanding more
than the principal, while 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 cotton
goods. and practically no change has
yet appeared in woolens.
Failures for the week have been 230
in the United States, against 2S0 last
year, and 80 in Canada, against 40 last
year.