The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-11-08
A REVIVAL IN BUSINESS.
Will Continue Until Normal Level
of Trade Is Reached.
The IMPORTERS ORDERING GOODS
The Eject of High Tariff Railroads and
Other Industries Employing ,ien.
Gold May Come Out.
; IMPORTERS ORDERING GOODS

New York. November 6 Especial to the
Republic. lit is generally agreed that with
The removal OF the tension consequent upon
the presidential election business condi-
lions are likely to improve. There is
great deal OF idle capital in the country.
and nearly every branch of trade has been
restricted for the last three months. Busi-
ness men say that moderate revival sure
ly will set in at once and that 1t will con-
tinue for some time. at least. or until a
normal level Of trade is reached
one II the first effects OF McKinley's cleo
ton is to stimulate the import trade, in
anticipation of IA high tariff bill. Con-
tngent orders were placed In England and
Gu the continent weeks ago, and it is prob
able that European goods Will be rushed
into the American market this winter In
sufficient quantities to meet the demand
for two or three years TO come. II the
country is to have another Mckinley tar
III. the Importers will reap a harvest by
! beating the bill and filling the bonded
warehouses with foreign goods within the
next three months The effect OF this would
| be to neutrai1e the supposed benefits of
| republican tariff for at least two years TO
| the home manufacturer. while forcing upon
the consumers II higher range OF prices,
The imports must be paid for. OF course,
and unless Europe comes into this market
| and invests heavily In American securities.
the gold for settlement of the International
trade balance will come from the treas
| uN. This would restrict the supply Of
available cash and have tendency to make
money dear.
Hut 1t seems certain that foreign Invest
ment in United States securities viii reach
mon all
and if this should prove 10 be the case, the
tide Of gold may continue to flow IN this
direction, London and Berlin practically
closed out their speculative accounts prior
to the election, and the news from abroad
now is to the effect that buying move
I mont is about TO set n which may con
! unuc undated for several weeks and per-
haps longer The Englishmeu are said to
be awaiting adyises from friends In this
country before coming into the market,
however. ana as yet there is no evidence
OF boom IN SECURITIES.
Industrial conditions In the United States
began TO Improve today. The railroads are
preparing for increased business and re-
ports received in this city arc to The effect
thar 1000 men have already been employed
by four of The leading companies which re-
Gently complained of the hard times. Work
is reported to have been resumed In the
pennsylvania and Reading repair shops,
ana orders were given today for The con-
struction Of 200 additional cars.
IL. c, Prick OF the Carnegie Steel com
paEy says that there will be no decided
Improvement In the iron and steel Industry
at present, hut that work will be reslpnod
in several of the mills in the neighb1rhood
OF littsburg on unfinished orders The
hartman steel company of Elwold City.
"a is building the largest tubing plant
IN the world. according to a r, port from
Pittshurg. and 800 men were add.I to The
torce today. In all. the ranks % the an
employed in the ncighborhood OF piti sburg
nave been reduced by 1900 since Tuesday
AZ North Tonawanda, in this State. tic
IRON lnundrles were reopeued today, = Wins
employment to about 500 men.
Inc Sloss Iron and Steel company OF Biz
minsham' Ala, reports that customers and
producers Of iron are very hopeful of !
boom. Producers quote 80 cents advance fol
a livery. '''' Wv
e revival in the building trade ia oxpect.
, ca al once Many business buildings ir
th's ana other 'iucs in the East we're lof
"uVolhplelrd prior TO the election and u.ort
4 viii be resumed in a day or two on n large
5 seale IMAM before, with a view OF making al
for lost time
1 The demand for structural iron and .toe
promises to be steady, and the steel billie
= combine Is to meet In this city in a few
l oaF 10 consider an advance I'm pric,s
IN the mercantile trade a ycrv hunefu
ieellng prevails, Orders already have com
monocd TO arrive from Western cities 10
! GOODS ana an unusual number II buyer
are In the city. looking for bargains
The revival naturally extends 10 Tho rail
roads, ana Increased business for ,he rail