River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1896-11-12
BENEFITS BUSINESS
Close of the Campaign and Its ResuI
Helps Traf.e.


New York. Nov. 7.--R g. Dur & Co.
In their weekly revie of trade say;
"A great revoiutica has been erected
this week in the conditions which control
business. II could not be In any fair de-
gree reflected as yet In transactions or In
records. but there Is ample evidence al
ready that crushing weight has been
lifted and rolled away. and the business
world has adjusted itself to a state of
freedom and security which II has not
known for years. and new contracts In
volving many millions have become bind
ing since the election The rush for stocl1s
on Wednesday lifted the average for all
railways Ills per share in a single day
and trust stocks si.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
cents In wheat on Monday and Wednesday
was also followed by realizing and 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 s
and IL TO and 81 per cent. and the quick
demand for American securities on forei IN
account are signs OF more lasting promise.
III was not strictly logical that wheat
advanced cents. and heavy realizing of
profits showed perception of the fact A
growing disposition appears among farm
ers to hold wheat for better prices than
are now TtdllEeO, altnOuSp al present any
advance checks buying for export. Spec
ulation in cotton was also excited 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 II will be all the
better for business II bright hopes do TO.
hoist prices too fast.
THE election Immediately stifened prices
of pig iron. which reached SIP at Pitts
burgh fer Bessemer. and the certainty that
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 in demand for finished
products OF iron and steel. which Is 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 20 last year.
and 90 In Canada. against ~ last year"
IJradstreet'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-
tuTers and jobbers are more inclined TO
purchase In advance instead of for near
by wants, and In few lines, notably wool
cotton. iron and steel. a larger volur 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 to those given in preceding weeks.
Sales of cotton goods have been freer
and some mills are better employed. Wooden
mills also report more orders and a tenden-
cy to prefer hlgler-cost goods. Numerous
Industrial establishments which have
started up within two days report being
offered large orders II they would sell 1897
delivery at present prices. Many Rhode
Island manufacturers report prepare tons
for a larger output than anticipated. and
that orders received contingent or election
results, notably in the lumber and jewelry
lines, are now being filled. Owing to the
lateness of the season few have regarded
the outlook as promising mucn In the ma
ture of boom during the current year.
''AI few northwestern commercial CEN
tiers large orders have been received from
country merchants within q few DAYS, and
in Georgia farmers have met their obhga-
lions this autumn more promptly than for
years past, and southern merchants and
manufacturers are reported As looking
ahead confidently to q marked improve
ment In business in the near future"