Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1898-12-01
THE BUSINESS OUTLOOK.
Organism Menaces the Industrial
Growth of the Southern
States.

The election result the country over
has stimulated trade sentiment. The
republicans won sweeping victories,
closing in on the populist strongholds
of the west, either winning or crippling
the populist organizations so as to rem
der them harmless. Washington, Ne
braska Kansas, South Dakota, Nevada
all voted the republican ticket so as to
increase republican representation in
congress, while the great central and
eastern states rolled up tremendous re-
publican pluralities. Minnesota alone
broke the uniform republican victory
by choosing governor from the op-
posing forces; but as this result is
analyzed, no comfort is found in the
victory for unsoundness in the money
policy of the country. The state elects
seven republican congressman, the bal
ance of the state ticket, and largely
republican Legislature. 1t is not parti-
san to refer to this result as business
victory, because it is. 1t means that
good times will continue; and since it
was known that sound money princl-
pies are maintained boom in stock in
vestment has followed, with stock trad
ing trebled since election day. The fact
is less important that people are buying
the best railroad securities in the coun-
try, than it is that they are not afraid
to invest money following the election
result. Sound money democrats the
country over voted for republican leg
islative and congressional candidates,
because they felt safe. from a business
standpoint, in so doing.
The official statement of the export
and import trade has been issued dur
ing the week. and the showing proves
beyond question the prosperous condi-
tion of the country. To every grand di
vision of the world we have decreased
sales, while we have decreased pur-
chases from every grand division eX
cept Asia and Oceanica. Tn Europe
sales We're increased from $5eS, ,s05.000
to $GGG. .9S6,000, while our purchases
dropped from 1892, ,394, 900 to $240,S63
600. These are striking figtres, and
they pean nothing less than that
Americans are profiting by this dis
posal of a surplus. the making of which
is keeping men employed.
The force of the strong trade under
current is clearly outlined by the large
totals of bank clearings and the general
large distribution of goods. 1t is sig
nifCant fact that the last few days has
developed unexpected new inquiry for
pig iron. 1t is stimulating sentiment
. l..
reserve business force that is very en-
couraging. 1t is demonstrating that de-
velopment is not finished and that there
is more work to do throughout the
country, which in turn means the EN-
plCyment of labor and increased con-
sumption of products. The flour manu-
facturers. as an instance, are breaking
all production records. They are watch
ing water power closely. so that no in
reference with production may check
the operation of mills. The domestic
consumption of flour has developed in
marked degree. And this is true of all
general food products. The people as
mass are eating again.
The tendency of trust staples is to
sell lower in price rather than higher.
Sugar competition is sharp, and deve1
opments show that, on the whole, con-
sumers are getting the benefit of trust
work in food staples. An in industrial
lines generally, manufacturers are real
iZing profits from the economy of trust
operation, rather than from increase Of
price. Take the proposed tin plate
trust, now forming, and which will in
clude the 40 tin plate plants of the
country. Without increasing the price
of tin plate. the trust will make saving
of 2j cents box of 100 pounds of plate,
or over S2,OOO,0OO on the years produc.
ton. The trust expects to realize its
dividend from this saving. rather than
from an increase of price for plate.
Running through the business lines
of the country, generally healthy con
dition is reported. Wheat and flour
exports fell off this week but the large
average is maintained by the heavy ex-
port last week. There is firm sentiment |
in foreign markets with no speculative
activity to develop it. The export de.
mand for iron is breaking all records. |
Forty thousand tons of steel rails have |
been placed recently for northern Eu-
rope, while export orders have been re-
ceived for 100000 tons of tin plate |
Seven years ago the United States was
importing its tin plate, while under the |
tariff it is now supplying a large part OF |
the European trade and the consump |
ton Of this country besides and keep
ing 43 plants in Peration.-Minreap- |
oils Journal.
Free Silver Dies.
In either one of two ways the election |