The daily morning journal and courier., 1896-11-07
CONFIDENCE IS RESTORED
REPORTS FROM TRADE CENTERS
 THROUGHOUT THE COUNTRY.

General Impression That From Now On Trade will Isoom-Millions of DolIars Worth of Orders, Contingent Upon tho Election Result, Now Being Filled-Baxa
 Clearings, Failures, Etc.
 New York, Nov. 6.-Bradstreets to- morrow will say
 The expected has happened in the success of the fight for sound money. One result is a return of confidence in the stability of values and in an early revival of demand for staples Lower rates of interest and a willingness on part of banks to make loans which they had previously declined are additional evidences of the meaning of the mainte- nance of the gold standard. Business was practically suspended throughout the country early this week and there has been little increase in the volume since election compared with like pe- riods in preceding weeks. But manu- lecturers and jobbers are more inclined to purchase in advance instead of for ucdI7Dy WdHLS OIlly dliu III d LEW IiItS a larger volume of purchases is re- ported.
 That merchants generally share the hope in an early revival is indicated by hardening staple prices and the in- crease in quotations in addition to those given in preceding weeks. The gold which had been withdrawn from banks by tinid depositors is flowing back into the banks much faster than it was drawn out and advices from various financial centers are that wages and small checks are being paid freely in gold this week. Sales of cot ton goods have been freer and some mills are better employed. Woolen mills, also, report more orders and a tendency to prefer higher cost goods.
 Numerous industrial establishments which have started up within two days report being offered large orders if they would sell for 1897 delivery at present prices. Many Rhode Island manufac- tories report preparations for larger output than anticipated and that or ders received contingent on election re- suits, notably in the lumber and jew elry lines, are now being filed Mil lions of dollars worth of orders for general merchandise given contingent on the success of sound money are now being filled.
 Owing to the lateness of the season few have regarded the outlook as prom ising much in the nature of a boom during the current year. At a few northwestern commercial centers large orders have f1een received from conn try merchants within a few days and in Georgia farmers have met their ob- legations this autumn more promptly than for years past and southern mer- chants and manufacturers are reported looking ahead confidently to a marked improvement in business in the near future.
 Reactions in quotations are conspic- uous only for Indian corn and lard, while prices for oats pork, sugar and petroleum are firm and practically un- changed. Pig iron is 25 cents higher, with sales of considerable amounts in western markets. Lumber is firm, the tendency is upward and there is an ad- vance for white pine. Renewed de- mand for cotton goods and placing or ders with mills advances print goods. Total exports of wheat, four included, from both coasts and from Montreal this week amount to 3,472,000 bushels, against 2,566,00O bushels in the week one year ago. Exports of Indian corn amount to 2,247,0O0 bushels this week, nearly twice as much as in the same week year ago.
 Bank clearings totals continue below