Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1898-11-04
THE FOREIGN SITUATION.
Has an Invigorating Influence on
the Business of the United
States.
OUR PRODUCTS IN ACTIVE DEMAND.
Prices of Farm and Garden Truck Are
Subject to Considerable FIuctua-
tion-Situation One of Exceptional
Activity-Reports by Dun and Brad
streets Commercial Agencies.

New York, Oct. SIR. 6. Dun & Co.'s
weekly review of trade says:
Business mas Leen more affected by for
eign affairs than many realize. London's
apprehension CT war ..rst caused advance
in wheat and fears Of monetary pressure
here. Then csme confidence in London,
with a flight Of French money across the
channel. and stock markets advanced,
while wheat fell. Mobs in Paris did not
mean to influence American interests from
New York TO San Francisco, but electric
wires have made the world small. SO the
wires moved g cargo of wheat from the IA
cific coast, started 81, 100000 more gold from
Australia to this country on London ac-
count and the selling Of American securi-
ties one day and buying the next. There
has been no domestic change of much i'm
portance, and the rise in prices of western
railroad stocks indicate that the supreme
court decision against The Trunk Line as
ISOLATION is considered helpful to railroads
wheat rose cents from Friday to Mon
day and then fell Az cents to Friday. But
such changes do not represent actual con on
diuons, and with western receipts for the
week 9,55s,205 bushels, against 6,e96,46 last
year, nobody can pretend that holding OF
stocks by western farmers Is an important
factor.
''The iron manufacture has still good
demand, late DIS it is, but the makers are
depressing prices by bidding against
each other, although in the average
Of all quotat'o-s the decline has been
less than half of i per cent. from
the highest point. But tbs wire nail manu-
facturers have reduced prices per cent,
and the rail- manufacturers, according to
| current reports, have decided not 10 ao
vance prices, and there is prospect that
| heavy demand for products will bs further
| encouraged by the later quotations.
"Failures for the week have been 226 IN
the United States, against 2l9 last year.
| o{pct Ia Ct
Bradstrect's View.
| Bradstreets says:
'Irregularity in prices and trade move-
ments has been rather more marked this
week than for some time past, but meas
ured by all the usual standards of business
development the situation is one OF excep-
tional activity end even strength. The ac-
| tive foreign demand at advancing prices
| for American cereals and their products
appeared to have eliminated early in the
week In virtual war scare market. In
which the highest prices reached since
early In August were recorded. The re.
action shown. however has been small
| one.
1.-THE Industrial situation has many points
of interest in it. The cotton goods trade
| Is closely follc wing the workings of the
plan of restriction adopted by the Fall
River print cloth mills. Much is hoped for
from the reduction in output pledged to oc-
cur between now and February l. Mills
employing $500 operatives shut down this
week. but the n inclusion Of mills pro.
ducing similar goods in other New England
cities and lack of knowledge of the ex-
tent to which those concerned will seek to
| extend the foreig~ outlet for these goods
are uncertain features in the outlook for
q continuance Of present firm quotations
The movement Of the raw product to mar
ket, stimulated probably to some extent by
removals of quarantine restrictions, Is now
Ear In advance-3O0,00 900 bales, at least-o1
last year, and expectations of heavier
crop than last year Is bearish feature
more than offsetting reports OF killing
frosts throughout the south.