The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-11-19
BUSINESS GOOD In
EVERY SECTION
SPLENDID REPORTS FOLLOW THE
ELECTION.
Wall Street Sees It with Great Salts
faction, as Promising Continued
Strength in securities-The Storm
Early in the Week Hurt the Stock
Exchange Business-Stocks Now AL
most Up to High Level of 1901.

New York, Nov. 19.-Following the election of
Roosevelt and Fairbanks has come one OF the
most remarkable business booms In the as
tory Of the country. 1t Is now apparent that
large amount Of business was held back until
the election determined definitely the senti-
ment of the people. The result was that as
soon us 1t was positively known that the
country would have four years more of the pres
ent administration, withheld orders were I'M
mediately placed. Railroad iron steel, tex
tile. building and mining Industries awoke WIN
snap and energy seldom known before.
In the wool business there was an immediate
uplift. Cotton houses report large increase IN
orders from the New England mill district
Turnout New Jersey manufacturers are eN-
pecting an unprecedented business revival The
furniture factories In Grand Rapids, Mich, put
additional men. Manufacturers OF agricu-
in and one company expects to make an IN
crease of from 25 to 35 per cent IN It's force
The big malleable iron works In North Buff
falo employing $500 men, Is open again and
all the men are at work. The secretary of the
Illinois Manufacturers' association says that
he looks forward to the most prosperous and
the best conditions that the country has ever
known. The iron mills in East st. Louis and st.
Louis show every indication OF thriving Dusl-
ness. The large carpet, tapestry. hosiery and
silk mills of Philadelphia are busy. The ProVi-
dence, r. l., jewelry business has improved
since the election. Pittsburg and other steel
and iron centers report steady improvement. Or
ders for cars and locomotives have Increased
materially. In fact, dispatches from all over
the country indicate rapid revolutions OF the
wheels of nearly every industry.
The Big Storm.
The storm cost a heavy sum in commissions
to the leading stock exchange wire houses. A
number of the larger firms have been dealing III
from 30, 900 to 10000 shares day recently.
Communication with out-of-town points was en-
tirely cut off early in the week, and the expected
heavy buying orders accordingly failed to ap-
pear. Had 1t not been for this Interruption
the proht-taking would have been very much
larger. Fearing that in the absence of heavy out
of-town buying any large proft=takng would
cause sharp reaction some of the larger oper-
ators cancelled their selling orders. 1t. was an
open secret in Wall street at the close Of last
week that the public expected to come
in with n rush on Monday. 1t was also nm open
secret that the activity and sensational strength
of the speciaties had been engineered for the
purpose of enticing outside buyers. If pre-
cedent counts for anything this expected outside
buying would have been taken advantage OF to
unload stocks. The crippled wire service, how
ever, interfered with these well-laid plans, and
the freely circulated that the heavy
selling orders had been withdrawn and that
stocks could be purchased for a turn This
probably accounts for the extreme 1rregularity.
While some stocks were advancing under the