The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1896-11-07
HOW ELECTION
AFFECTS TRADE
General Revival Of Business Because
Of Major NcKinley'S Success.
WOOL MARKET IMPROVED
American Dealers Importing Goods Be
High Tariff Goes Into Effect
Wheat Advances.

New York. November 6.--Bradstreet's
tomorrow viii say:
Business was practically suspended
throughout the country early this week
and there is little increase In the vol
ume since the election compared with
like periods In preceding weeks. but
manufacturers and jobbers are more
inclined to purchase In advance instead
OF for nearby wants only. and in a
few lines. notably wool. cotton. iron
and steel. larger volume Of purchases
is reported. Merchants generally share
belief in an early revival. as indicated
by hardening staples and the increase
In quotations In addition 10 those given
In preceding weeks.
Sales OF cotton goods have been freer
and some mills are better employed.
woolen mills also report more orders
and a tendency TO proffer higher cost
goods. Numerous Industrial establish
ments which have started up within
two days report being offered large or
ders II they would sell for 1897 delivery
at present prices, Many Rhode Island
manufacturers report preparations for
larger output than anticipated, and
more orders contingent on election re-
suits. notably in the lumber and jewelry
lines, are now being filled.
owing TO the lateness Of the season.
few have regarded the outlook as prom
Using much in the nature OF a boom
during the current year. At a few
northwestern commercial centers large
orders have been received from coun-
try merchants within a few days and
in Georgia the farmers have met their
obligations this autumn more promptly
than for years past Southern mer-
chants and manufacturers are reported
looking ahead confidently to a marked
improvement In business in the near
future.
Business failures throughout the
United States this week were 22S, %
fewer than last week, SO less than the
corresponding week OF 1895, is fewer
than like period OF 1894, and 10 less
than In the first week in November,
1898.
There were so business failures in
Canada this week, as compared with
81 last week. 80 in the corresponding
week year ago. 42 two years ago, and
2s in the first week of November. 1898
WOOL MARKET.
Boston, November 6.-The Boston
Commercial Bulletin will say tomorrow
of the wool market:
There has been an advance since the
election OF nearly five per cent, as some
of the woods are held for even better
figures. The market has been material
ly strengthened by the Immediate ad-
vance in foreign markets on the
strength OF the election
During the summer holders Of terrific
ry woods were squeezed for money and
they exported wool at panics prices to
get spot cash qick Some lots of fine
staple territory was sold in this way
on basis of 25 cents free on board in
Boston. Now the same men who ex-
ported are holding similar woods Tor. S5
cents clean. Last week these wools
would not bring over 50 cents clean
This is the best measure of the extent
to which the election was discounted.
Foreign markets are exceptionally
strong and buoyant. Bradford evident
ly means to get goods over here before
the tariff is raised. A cable says:
"McKinley's election gives an impe-
tus to trade in the wool and clothing
districts OF Bradford and Yorkshire.
American dealers cabled large orders
today and the prices Of raw and manu-
factured materials are advancing"
STOCK MARKET.
New York. November 6-The stock
market today. while less sensational
than In the forenoon boom on wednes-
day, displayed great strength and the
volume of business, which was better
distributed, did not fall far short of
that days record.
WHEAT GOES UP.
Chicago, November 6.-There was a
good trade and more active market in
wheat today, and 1t closed with a 4@4%
cents gain, The closing price was; No
vember 1874; December, 7S@7Sh.
New York, November 6,-The wheat
market was unexpectedly strong today,
December opened at S2A, sold off to SIS,
advanced to S5ls, closing at san cents.
MARKET REPORTS.
Liverpool, November 6.-Wheat-spot,
firm; demand. poor; No. red spring,
6s sd; No. 1 California, Is 4d
Hops-At London. Pacific coast, fS 5s,
San Francisco. November 6.-Hops,
Tal0 cents.
Portland. November 6.--Wheat-Wal-
la Walla, 74675: Valley, 7767S.