Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1896-02-14
WILL HELP ALL TRADE
Success of the Bond Issue Viii
Have Vast Influence.
AND BRIGHT DAYS ARE AHEAD
Foremost Commercial Agencies of the
Union Send Reports OF Com
ing Improvement.

New York, Feb. 7.-R. G. Dun
Co.'S weekly review of trade tomorrow
will say;
THE wonderful success of the popular
loan alters the face of events. This in
fiuence on all manufacturing and all
trade can not be lightly estimated. 1t
strips the silver agitation of all its
power to hurt. 1t puts the treasury on
safe basis for the time. whether con-
gress does anything useful or not. 1t
notifies foreign nations that the United
States has power as well as purpose
1t unlocks millions of gold which has
been gathered in preparation, brings di-
rectly several millions in gold from El-
rope and stimulates the anxiety of for
eign investors to obtain American Sc
curities.
with such a revolution in business
suddenly effected, the customary rec
ords of the past weeks and months are
of less value than usual. But there
have been signs Of improvement in the
iron manufacture although the aver
age of prices is nearly cent lower this
week, for orders have been booked for
nearly 100000 tons Of rails this year,
against total deliveries in 1895 of 1,000,-
900, and orders for wire nails are slim
ulated by a decision to advance the
price again on March 1. There is also
a more active demand for plates and
sheets. Southern competition lowers
coke iron at Chicago and prevents ad-
vance at the east, while the sales of last
years spectators in the Pittsburg re-
gion still depress Bessemer. The ore
pool is expected to fix the price for the
year at 81 or possibly $3.50 and the coke
pool still reduces the output. Specula-
ton has raised copper to $1c.25, with
sales of 100000 pounds, and tin to 1872
cents and lead to $40, with large eX-
ports of Mexican.
THE sales of wool have been 1850, 200
pounds, against 5,192,150 pounds last
year and 3,S56,7 pounds in 1898. The
orders for wooden goods are still unus-
ually delayed.
Speculation in wheat has again lift
ed the prices The speculative market
has been influenced by rumors of in
jury to the coming crop and by foreign
advices, and prices advanced 3A cents
for cash and 2ss cents for May.
THE failures for the week We're 32l
against 2S1 last year"
BRADSTREETS REPORT.
New York, Feb. 7.-Bradstreet' will
say tomorrow:
THE subscriptions to the bond issue
and the favorable outcome have been
for easier money and improvement.
Additional favorable influences are
found in heavier bank clearings, con-
tinued firmness of prices, sustained de-
mand for iron and steel, and the an
Do, |.
Omaha and Des Moines of a revival in
| business with jobbers in staple lines.
| At the east, Baltimore and Pittsburg
| report favorable trade conditions. In
the south gains in wholesale lines are
announced from Nashville. Memphis
Atlanta and Birmingham. The reverse
includes the depressing influences of
stormy and wet weather, in difference
of consumers of domestic wooden dress
goods, renewed sales of print cloth and
other makes of cotton goods only after
a reaction in prices, continuance or ex-
IRENE conservatism in almost all lines,
and the fact that the relief of the treas
ury by the heavy over-subscription to
| the bond issue in the absence of sound
currency legislation by congress, will
probably prove only a temporary de-
vice to maintain the gold reserve Gen
eral trade at Chicago, st. Louis, Buff
falo and Philadelphia shows no real
gains from the preceding week, when
the situation was quiet even to dullness
| and the outlook unsatisfactory
Business failures this week were 1888,
as contrasted with 1893 last week"
BANK CLEARANCES.
New York, Feb. THE following ia
BILE, compiled by Bradstreet's, shows
the total clearances at the principal
cities and the percentage of increase
or decrease as compared with the cor
responding week of last year:
Inc. Dec
| Now York S5eD 500 2qS "a