feet within a few (fay*. Three
transfers, ranging from 10 ,C'
1 ) 00,000 feet each, have ais,, t—
completed. Prices are now firm ,,
contrast to the demoralization
vailed a few weeks ago.—Ubicar»
Herald (Ind.),
BUSINESS STILL IMPROVING!
Fresh Evidences of This Come
from Every Part of the
Country.
D em o cratic and R e p u b lican Jo u rn a ls Vie w ith
Each Other in A ssu ra n c e s of Return­
ing Prosperity.
ss
x
A
£
-
i
s!
ifc j
* S i x
Moat Gratifying Collection of Hopeful Expressions
.
Gathered from Various Reliable
Sources.
N o publication w ith in the last fe w
w eek s has attracte<l m ore attention
than that furnished the readers o f this
p ap er ea rly last month, sh ow in g a
m arked Im p rovem en t In business con­
dition s throughout the country. T h is
w a s evid en ced by a collection o f state­
m ents on this subject from scores o f
new sp ap ers o f a ll political parties, and
fro m a ll parts o f the country.
The
e v id e n ce o f gen eral and w idespread Im­
p ro vem en t w n sso p lain ly shown by this
and so much n subject o f g ratification
th a t w e present herew ith an oth er In­
stallm en t o f expressions o f this char­
acter, gathered fro m all sections and
fro m papers o f all political shades o f
opin ion:
T h e P ro s p e c t B r ig h te n «.
E ither because the business men have
taken heart from the com forting assur­
ances o f Secretary Gage and the reason­
able certainty that a new tariff law will
be in force within a few weeks, or be­
cause better times had to come in the
natural order o f things, there is n definite
and unquestionable improvement in the
business situation. Tbore are so many in­
dications o f this in so many qunrters that
It U Idle to deny that a change fo r the
better is taking place. There are indus­
tries Which have not revived as yet, but
their turn will come.
There are some
which alw ays lag behind in the proces-
aion.—Chicago Tribune (Kcp,).
Ity: and It !a helpful to confidence to have
official reassurance that tariff tinkering
is not to be the last o f adm inistrative ex­
pedients, for the removal o f business dis­
trust and depression.
There are other
grounds for commercial cheerfulness.
Businesa failures are lessening in number
and importance. Commercial loans are
expanding; bank clearings are increasing,
and the transportation companies are
earning more money. The end o f tariff
uncertainty is drawing near; the impor­
tant crops all over the country give prom­
ise o f abundant harvests; productive costs
in the great industries have been crowded
to the apparent minimum; there is less
reason to fear further important price
shrinkages; the storekeepers’ shelves, s ;
a rule, hold no unwieldy accumulations of
stocks, and labor is becoming more gen­
erally employed. These are favorable con­
ditions for a sustained revival o f busi­
ness.—Philadelphia Record (Dem.).
h r i l e r T im e s In th e W est.
Mr. E. V. Smalley o f St. Paul writes
to the N ew York Evening Post the results
o f his observations on a* recent trip o f a
month from Chicago to Portland, Oregon.
H e stopped at various points on the way,
thus gaining opportunities to gather re­
liable information concerning the business
conditions, and his conclusion • Is that
trade is everywhere improving—not much,
but to an appreciable extent. The rail­
road«, he says, report a net gain in re­
ceipts from freight, but none worth men­
tioning as yet from passenger earnings.
Bank deposits are increasing and collec­
-----
|
tions are easier.
People are paying a
G ood Pttrns.
little on their old debts carried along from
T h at business is getting better is evi­ boom times, and there has been a great
dent from many signs. The financial re­ deal o f liquidation from foreclosure. All
view s and commercial agencies publish the solid industries are doing fairly well.
reports from all parts o f the country Prices are low and profits small, but the
which indicate this. T h e reports o f rail­ close economies practiced enable projec­
roads show increased earnings over those tors to come out a little ahead.
o f the same period last year.
Another
significant and hopeful sign is the fact
Im p r o v e d T ra d e C on d ition s.
that the money now in circulation in this
Thp mercantile reports for the past
country is $138,140,011! more than the cir­
culation one year ago, the total amount week leave no room for doubting the fact
In circulation last Saturday being $1,- that signs o f marked improvement in busi­
650.733,805. T h e absence o f speculative ness conditions are discernible on every
Interest is not an untnixed evil. It indi­ hand. T b e unexpected progress made by
cates that what improvement is taking the tariff bill in the Senate, with the pros­
place in business is healthful.—Atlanta pect o f an adjournment o f Congress some
time in July, together with the optimistic
Journal (Deui.).
speeches o f Secretary Gage, in which he
gave the country assurance o f ultimate
P lo w but F u ig
relief from certain admitted defects in our
A alow but steady gain in business with financial system, have all combined to
an advance in prices, an increase in the make the trade record o f the week a most
number o f hands employed and growth of satisfactory one. That the hopeful and
new orders, and an increase in rhe amount encouraging utterances o f the President
o f work done are pointed out by "D un 's and his Secretary o f the Treasury had a
R e vie w ” in its last issue as a renewed evi­ marked influence on trade conditions was
dence that business is improving. A study evidenced by the increased foreign de­
o f the newspaper sentiment o f the country mand for Am erican securities.—Chicago
as expressed In the publications o f all Tim ea-Ilerald (Iud.).
sentiments «hows a concurrence in the
belief thus expressed that there is a mark­
B usin ess S itu a tio n B ette r.
ed and general Improvement in the busi­
T here is no longer room for question on
ness situation.
the proposition that conditions in the
world o f business have improved. W h ile
W lv e r lt e s A r e Dumb.
there may still be found isolated cases
“ Prices cannot rise so long as the gold where the return o f commercial activity
Standard obtains.”
T h at was the asser­ has not yet broken up the long spell of
tion made with endless persistence by the
stagnation, such cases by their rarity are
silver standard orators and newspapers but the exception to prove the rule. B et­
last year. T h e basal proposition o f Mr.
ter, perhaps, than the actual improve-
Bryan was that commodities could not incut, which can be reduced to figures by
reach higher values save through the free
comparison with the past, is the general
coinage o f silver. W hat do we now see?
belief that business has not only improv­
W h eat has advanced, in the face o f re­
ed, but that the improvement is bound to
port* indicating a tremendous yield this continue. President M cK in ley and Sec­
summer. In the grazing regions sheep retary G age touched the keynote o f this
have nearly doubled iu price since last sentiment in their recent notable utter­
year. W ool has gone up fifty per cent. ances. T h e far-reaching effect o f these
T h e cattle market is good. In the general speeches became evident when advices be­
market there is an upward movement. gan pouring in from abroad to the effect
T h e impossible has happened, then. W hat that Am erican securities were in strong
do the free coinage advocates say about demand. Foreign capital, keenly anxious
the condition that now confronts them? for the right moment to nrrive. has seized
Precisely what anyone
would
expect tbe opportunity and in a measure led the
them to say— Uothiug. - Ginciuuati Tim es
way to a practical demonstration o f reviv­
8 tar (Itep.).
ed confidence. T b e enhanced value of all
securities quoted on the Stock Exchange
Fn th Is b o o k in g V n .
is but a barometrical indication o f this
According to Dun & Co., the business altered condition. Reports as shown by
Souditiona are gradually shaping them­ railroad earning* still bear witness to the
selves about the same as they were in growing increase o f trade.
Individual
1870, just previous to s remarkable ad­ line* o f business, too, n!most without ex­
vance in business prosperity. This view ception. acknowledge rhe same state of
may be o f the roseate order, but it is based affairs. Not only is this manifest in the
on facts and figures which the abie re­ larger manufacturing industries, such as
porter thinks ju stify it. It seems almost clothing, hardware and boots and shoes,
Incredible that the volume o f businesa ia but tbe more limited branches dependent
now larger than It was iu 180” —the year entirely on the general prosperity o f the
o f greatest prosperity—yet such is the commercial world report a gratifying in­
verdict o f Dun & Co. But the volume o f crease in the volume o f business on which
profits ta much smaller, making the vol­ estimates are asked.—Chicago Post (lud.).
ume o f prosperity correspondingly less.
A very large share o f the present volume
A G o o I K * a m p le fo r th e P eop le.
o f businesa is the importation o f foreign
Am ong the solid facts on which expec­
goods under free trade and tow tariff
tation* may be based are the flattering
schedules This harms rather than helps
crop prospect. President H ill o f the Great
Am erican enterprises and the labor there­
Northern ¡»q u o te d as predicting that the
in employed, or which ought to be therein
wheat fields contributory to his lines will
employed.
W e may do a tremendous
furnish 90,000.000 bushel# o f grain this
businesa in Hooding our markets with
season for transportation, and the man-
foreign goods to the exclusion o f th«* pro­
ager* of other line* contribute equally
duct* o f oar own labor, but there is no
favorable information. The jobbers say
prosperity to our country in that kind of
that rhe supply o f manufactured goods
business.
I-ast mouth's record o f busi­
which may be counted among the neces­
ness failures la decidedly encouraging,
saries o f life <» generally
exhausted
showing, aa It doe*, a large decrease in
throughout the country, and that the peo
comparison with previous and correspond­
pie must buy and the mills must resume
ing months.— D etroit Journal (Itep.).
operation to meet the demand, which will
bring into circulation the millions o f dol­
R l i a s o f Cksee.
lar* that have been hoarded through the
T h e basinets sentiment is undoubtedly hard tim es 1 « would be well it ail peo­
stronger. T here are many reasons for ple, everywhere, would im itate tbe cheer*
hopefulness. N ot the least important re­ ful and optimistic tone o f the President
cent happening hat been u
the
asaurance
o f aud the member* o f hi» administration.
w ■'’
■uranev or
Secretary G a g e that the Fed
Federal
Adi minis- I,et them withdraw their gaze from ihe
eral Ad
tration would not forget the “ mandate o f dark and gloomy aspect upon which it h i*
the people, whose voice is
il behalf W hoo- dwelt fo r several y ea r« past and habituate
finsnee rang out themselves to looking upon the bright side
eat money and sound finance
Wad sod clear Is Novem ber last.” Cur o f things It ■ well kuonu that almost
say matt is goJu health might be mad* U1
• m e ; Reform is vKsl to business eeevr
THE INTERIOR
T
-
r - _.-e
.
nent re-
all(1 ¡n
DEPARTMENT.
H E Interior Department Building, a view o f which is presented herewith, is one of the |nfprp* . n- ' '
a fter sights in Washington. In it is located the I ’ atent Office, containing the models « >' 1 V
.'
’
quired for years should be furnished with applications for patents. The accumulations of tnes«»
* \V•ishlincton.
many cases curious models for proposed machines form one of the most unique museums of museum 1
for no city in the country has so great a number o f museums as the capital of the nation.
..
f rrim
Th e Interior Department Building is a large white marble structure, covering two entire squares, ex i '
,
Seventh to Ninth streets and from F to G streets. W h ile in its construction little attempt at ornament« ion _ ,mnorI
its plain and severely classical exterior always attracts the attention of those who are so fortunate as to avp '
tunity o f studying its architectural lines. W ithin it is a busy place
Its main floor is occupied, nr*., y 11 '
.
the Secretary o f the Interior. Hon. Cornelius N. Bliss, and adjoining this the offices o f the assistant secretaries am
o f the Secretary’ s personal staff. T h e northern front is occupied by Ihe officials of the I ’ atent Office, and at t e ”
_ ,
corner is the office o f the Commissioner o f Patents, Hon. Benjamin Butterworth. Stretching down the we.
o f the building are the offices o f the Division o f Public Lands, and in the southeast corner are the rooms of the t omm«*
sioner o f the General Land Office. Hon. B inger Herrman. formerly member o f Congress from Oregon.
I hese are a waj
busy rooms, for there is from morning till night a flow o f members o f Congress, attorneys and others passing in and on . in­
teresting themselves in matters pertaining to land claims and the distribution o f public lands to those "h o are e*ta ’-'"1 *
Ing homes in various parts o f the country. T’ pon tbe floor above is the model room of the I ’ atent Office, which ,s aiw ajs
the subject o f much interest. T h e Pension Bureau, which is a part of the Interior Department, occupies ns is well
known, a building erected exclusively for its use, which is located only a couple of squares away from the Interior De­
partment, and connected by telephone and other conveniences, making it practicable for the officers of the Interior De­
partment to speak with their subordinates at the Pension Office at any time they may choose.
R e v i v i n g Trails.
The change which has com»
face o f things in the business * 0,11
unmistakable. T h e confidence fot ^
everybody has beeD looking u hep
may lose its sharp edge by some gj'
seen event, but it is hardly t 0 beer
that any serious check will now
It seems to be taken for granted
there will be a tariff law on the stu
book within a fe w weeks. Prrh1M
month is too short a tim<> to give th»^*
going legislators o f the Senate. T ¿7
surance in regard to the tariff i( t|,f
potent influence in givin g moreeon 6
but the good effects o f Secretary Q-
speeches have by no means worn off
er in the United States or abroad. Si
factory crop reports, increased rail-
earning* and the statement of bank fl­
ings. which, considering the fact «
one day o f lust week was a holiday, it«,
vorable. are among Ihe subsidiary
enees that are making for faith in th*”i
ture.—Buffalo Express.
P r o s p e r it y a t Hnn1,
The time has come when to carp i-
cavil at the slowness with which p~*
perity is returning to this country, if,
the depression o f the past three yn-
has lack of truth added to that mean m
ice which can rejoice in misfortune, [y
perity is coming, and the slowness of ¡
approach only means its sureness anil “
stability. There are signs on every hi-
that President M cK in ley was right trk
he said that the country is going"
backward, but forw ard, and that f
steady hands and hearts of the Americti
people are strengthened and enconrar
by the immediate prospect of a retir
of wholesome and profitable activity r
all branches o f labor, trade and busin»
The taunt of Populist Bryan that otbn
beside himself regret his rejection at tv-
polls is as untrue as it is unpatriotic
New York Mail and Express (I’ ep.).
I i n p r o v in g Stendlty.
Secretary G age’ s conviction of the!
provement in business, expressed to I
Maryland bankers in Cumberland, k,
had a good influence, ami has «trengtl
ened the growing feelin g that a slow b
permanent improvement is spreadingot
the country. His repetition at Cumin
land o f his statement the week before
Cincinnati, that the administration w
determined to secure a comprehensive a
permanent reetification of the eurrem
and that he had assurances from raemb,
of Congress that at the next sessional
to that effect would be passed, has hat
very decided influence in improving I
general tone and increasing confidence
New Y'ork Jourual o f Commerce (Den
if his friends, through a concerted move­ are now being distributed through the a new tariff law. but because the natural
ment, were to make a point o f telling him country to those on who«e orders they forces which control trade are moving in
every time they met him how sick he look­ were originally engaged.—N ew York Com­ that direction. There ¡8 everywhere a dis­
position to hold on to property in place
ed. The imagination is a powerful motor. mercial Bulletin (Dem.).
of the inclination prevalent for several
W hen everybody one meets talks o f hard
years past to sell. The shrewdest money
times, a tinge o f melancholy is created
B asis fo r Confidence.
which overspreads the whole community.
The general symptoms developed in makers in the country are seeking invest­
This cloud can be dissipated by cheerful W all street during the past week have ments. They are not liquidating. En­
talk and by considering the really favora­ been the most hopeful features witnessed forced sales are at an end. Here and there,
ble factors o f the situation.— Minneapolis for many months past. Without nny spe­ in spots, business records are ahead of
Pu t » o f r rn m 's e ,
Tribune (Rep.).
cial stimulus or speculative effort, therp any previous reports for years past. Bank
“ There has been a decided improea
has been a marked revival o f buying oper­ deposits are increasing because thp net ment." writes a W ashington correspond­
ations and, with few exceptions, an ad­ profits of trade and industry are growing ent. “ in the financial situation since l
The* R r ic h t e n t n g O u tlook .
Democrat and anti-protectionist though vance in prices.
Also, it is a notable and not because people are pulling idle was last in New Y’ ork. A ll classes in the
he is. Senator Gorman is too good a poli­ symptom that several persons o f emi­ money out o f hiding places and putting it industrial and commercial world feel en­
tician and too shrewd a business man to nence and directly in touch with the farm­ in banks.—Kansas City Star (Ind.).
couraged over the outlook and expectancy
maintain a hopeless resistance to the R e­ ing interest and the larger industries have
lias replaced the apprehension that had
publican tariff bill. There is new hope in simultaneously expressed their views on
Im p roved Condition o f Trade.
become tin* habitual condition of the pub­
the
business
outlook
in
unexpectedly
hope­
this for every legitimate branch o f busi­
There is no doubt of a change for the lic mind for the last three years. Tb:
ness. It means that it will not be neces­ ful terms. Mr. Thomson, president of the better; petsimists may doubt and parti­
people you meet in the banks downtowa
sary to wait until autumn to get a taste Pennsylvania Railroad: Mr. Gould of the sans may swear, but the first wave of the
and visitors from other parts of the cook
o f better times. It means that the new Missouri Pacific. Mr. Chauneey M. De­ returning tide of prosperity is seen and
try who gossip in the hotel rotundm a!
tariff will have a longer period in which pew and Mr. C. P. Huntington, who are felt. The failures during May, 1S!)7. were
tell the story that, while the era of proa-
to work out its results and vindicate itself among the foremost representatives o f the less ;n cumber than in any one of the
perity has not yet begun, the signs of it*
before being put to the test o f a congres­ railroad interest in different sections of twenty-one months immediately preced­
approach appear in every direction, tbs
sional election. This prospect that the the country, have uniformly expressed ing it; the cash responsibilities of the
new tariff w ill go into effect with the fiscal sanguine expectations as to the general firms and persons failing were less than most important being an almost nniret
year is a bad tiling for Bryanism. but it outcome of the harvest and the prospects iu any month since September. 1804. The sa! confidence that it is almost here. Then
is a good thing for the merchant, the man­ o f business at large. Similar estimates of volume of business—meaning the weight is confidence in the President, confident»
ufacturer. the farmer and the wage earn­ the d rift of the crops and of business have in tons nr measurement by yards—of that Congress will dispose of the tariff
been made by Mr. Andrew Garni gie, Hon goods sold in May, 1807. was equal to bill speedily and that the rates in then«»
er.—Boston Journal (Rep.).
Roswell P. F low er and Mr. H ill, presi­ that in the phenomenal year 1803. But schedules will he conservative yet ampia
dent o f the G reat Northern. Such a body the volume in cash was far less; we still for the needs o f the Government.” Dun'i
U n m is ta k a b le S i-n s.
reports are encouraging to a degree: Brad-
There are unmistakable signs o f a re­ o f opinion, coming from men possessing are in the era o f ruinously low prices—
street’s are less pessimistic and decidedly
turn o f prosperity in the iron and steel the best source o f knowledge as to condi­ that paradise of “ cheap commodities for
more favorable, and the crop reporta ara
m anufacturing centers o f tbe country, in tions and movements, constitute a basis the workmen” to which the Democrats in­
the opinion o f the Cleveland Lender. All for confidence which cannot lie disregard­ vited us to enter, and into which, unfortu­ unusually encouraging. Grand Rapids
Heraid (Rep.).
around Pittsburg there has been a re­ ed.— W eekly Financial Review.
nately. we did enter. And because the
sumption o f work in most o f the mills and
prices of things that are sold are low the
factories, and the same reports come from Im p r o v e m e n t W i l l S n retv C ontinii". wages of those that make them are low.
P ro a p e v ity 1 « a t Hand.
the industrial cities o f eastern Ohio and
Everything thn* is apparent pointa ti
Some s’ ress is laid on Former Post­ But there are not nearly so many idle men
western Pennsylvania. There was a re­ master General John Wanam aker’s state­ in May, 1SD7, as in May, 1896.
More a rapid revival o f 1 rosperity this fall. If*
vival just a fte r the election in November, ment that “ the country is not prosperous,"
are promised abundant harvests, with bet­
ri.'in
'll
"1
fa"
'
orips
nrp
iu
operation
now
due iu the main to a restoration of confi­ and that “ since the outset o f the last pres­ than then
The demand for labor in- ter prices than for many years. If tb*
dence. but the people were not fully pre­ idential campaign the party press and po­
farmers get good prices for iift-ge crop*
(R e p T percel1t^ ‘ L Chicago Inter Ocean
pared for a complete return to commer­ litical leaders gi nerally fixed the Novem­
it will make a demand upon our manu­
cial and industrial activity.
They had ber election o f ISiHi ns the date of the be­
facturers for their products. The wheel*
felt the effects o f the depression too long ginning of good times.”
of industry will revolve once more. Then
And the state­
F t - n d v O * n tn B u s i e r « « .
to recover from it suddenly, and it was not ment follows that “ thus far hut one o f the
The gain in business continues, not will be work for the unemployed, and »•
to be expected that building enterprises, important issues o f the campaign is near­
without fluctuations, and at the best mod- shall have that satisfactory condition fot
which are the surest revivers o f business, ing settlement and hardly any improve­
erate. but yet distinct. It is still in qnan. which we have yearned so long. AVetf*
would be undertaken at the beginning o f ment o f the wretched times is manifest.”
tit.es rather than prices, although in some not pessimists. W e nre exceedingly hope
winter. W ith the opening o f spring it will Mr. W anam aker draws erroneous conclu­
branches
an advance in prices appears, but fill of the future. T h e -speech of Pren­
he different, however. B ig projects which sions. No man in the country who was
den t McKinley at the banquet Wednes­
on the who.e the number of hands em
have been delayed by the panic will now at all conversant with the trend o f busi­
p.owed. the volume of new orders an il day night was worthy »he man and the of­
be pushed as soon as the weather permits ness affairs thought for a moment that
the amount of work done, are .low ly it l- ensión. Prosperity is at haud.—Philadd’
and before the first o f April there is cer­ g°o«l times could be made to come instant­
creasing.
Prospects of good crops if phia Inquirer (Rep.).
tain to tie a distinct improvement in com­ aneously. But what did take place im­
mercial aud industrial 'ouditions.
Dom
a , r ° rn 7 I|>: Kro" 'in* <lpma nd
mediately on the election of Mr. M cKin­ from
dealers, whose stocks gradual!
8011 th F e c i« th e Im provem ent-
illy
ley was the immediate restoration of con­ gaining consumption deplete .il„, belt,
While ihe general business si fustic*
fidence and the return o f vast numbers of and in the money and exchange urn ps.
K v c r v L in e Is Im p ro v in g .
is somewhat hampered by the uncertainty
One o f the commercial agencies calls workingmen to the avenues o f labor and large buying of American securities nrket
has attaching to the tariff bill, there «re not
Gradually, but surely, business an influence. Money coming hither fro
attention to the fact that there is a re­ trade.
wanting signs that a gradual improw
markable sim ilarity between the course o f has been grow ing better, and tlie country the West even as late as .|mu, 10 from
„•
meat in trade is in progress. It ¡* hn#
prices now and in the earlier months o f only awaits the passage of the tariff bill to great crop, npar at haml im,
that there is no disposition to le enter
1870. "w hen the most wonderful advance i-ettlc d on g to a development o f the maun- . healthy condition at the W ist
t v
prising, r.or to put out new lines, nntil
in production and prices ever known in taeturing resources o f the country, which
ail uncertainties ns to the future tariff
n
busiues».—Buffalo n clearing house exchange,, which
this or a ry other country was close at will stimulate other
duties are removed; but. in spite of thA
haud.” In that year consumption gradu­ N ew s >Iud.).
the week exceed the last vear’s 8 7
_
there is a fair movement for actual ro*-
ally gained, month by month, until sud­
cent, and in railroad earnings „ 1 ,
sumption in nearly nil brandies -if indus­
denly the demand outran the supply. The
K n c m ir s g in g R e v e la tio n «.
amount in the United State.
h
try. \\ ith n favorable crop outlook, then
iron induatry ia expanding ita production
T h e investigations o f the Bureau o f L a ­ $34 7118.087 on road, r Z t f ¿ T n
is every reason 10 expect a good trade « j
and ia getting larger orders. The priees bor o f this State as to the industrial con­ Re tew for May. 3.3 per cent larger ,"
' than the entire county tributary to thi*
received are not high. Neither are the ditions in the three principal cities have
tion. especia")- ns country merchants ins j
180”
a,Dj ^ |,Pr Post
<'<‘Ilt (Dem.).
l!,rK<' r Hiau
wages which are paid. But there is em­ resulted in some very encouraging revela
1SJ_. ' Washington
farmers are already in n fairly prosper»«
ployment for men who were idle last year. turns. It appear* that the tide o f pros­
condition. The merchants here have !*»■
T h e manufacturers o f woolen goods have perity for which every one has b>-en so
en advantage of the recent divines* *
increasing orders. Report* come from ail long waiting has quietly been rising, in
TheNvo"m ^eofP, c ” 1 .i^^ra|! “a^,!•,r,,•
carefully study the problems which ha*»i
part* o f the country that' the retail dis­ spite o f assertions to the contrary. The
j" value a tenth
^
hitherto militated against trade, and « j
tribution o f products is unusually large investigations o f the bureau, complete
' n s In-lb veil that many o f the most n H W
and Increasing. A t this moment the vol­ only for Duluth, show that in that city the year, of the greatest prosper,,”
attained
in
the
Luited
State,
m
'
,
i
difficulties liave been overcome.
ume o f business transacted is larger than there is a net increase o f 37 per cent iu
course. s< me months must yet e'apse «"
in the prosperous year 1803. B efore many the number o f employes over the number the volume of payment, now V e n ^ " ' ^
a
much
lower
range
o
f
prices
This*!!**
loro tile crops are ready for market.
j
weeks have elapsed the volume will be empkiy«*d at practically the same time
crease,
whether
a
little
m
ore'n
r
t
dT'
very
much larger.—Chicago Tribune laat year. So far as the investigations in
the mere prospect o f good crops is
greatly to lie regretted. h,lt lt 7 ’ “
il.v sufficient to create conti, 1 - ' an™ j
St. Paul and Minneapolis have gone, it ia
(Rep.).
paralysis
Whatever else mn,
7
thu wheel 9 of commerce in motion*
stated the percentage o f increase will be
7
*
0
“
said
of
the
d
iffic
u
lt
i"
-
;
he
'V',h
***
fully as great as in Duluth. Such a ma­ of industrial recover« t>
M ost G r a t if y in g Change.
,flp n a v therefore, confidently believed that
T b e most gratifyin g change appearing terial increase is not only encouraging as •ha. b u a i n ^ U ^ J ' ^ be ,,id provement in business will be noted
in financial circles is the evidence o f in­ showing an increas«*d deman«! for manu­ mgs o f ail railroad, reported for M Par" ' now 011 .—New Orleans Picayune (P **
creasing commercial demand for loans. factured articles, but it is an indication on.y 3.3 per cent smaller than in ,h * * alV
The bank statement »bowed an increase o f an increased demand for product* o f all month of lSiC.— \,.w v 1 ° „ *arnM
b n r e H a n l l i n u o f Goo d«.
-New W k
Tribune
in the loan item o f $4.400,000. and it is be­ kind«, and more important »till, a certain (Rep.).
n.mk clmrinfffl last week were Ü&W-
lieve«! 'b at most o f this w s* made up o f promise that demand will continue to in­
little ot < t $!ino.uni)jl )00 in the Cbro*#**
mercantile discounts,
the
inquiry for crease. Alm ost every manufacturing in­
table, in which one day is estimated.
tn
Mr" » « » « r , » ,
which last week was reported by the dustry in the State has found it neces­
In the opinion of the lumber ,,
.
I the increase over the corresponding
banks ss larger than for sev«*ral months sary to increase the number o f operatives
market is gradually and steadiw
I?/“1* >f the previous year was no less
previous. T his must reflect larger busi­ —St. Paul Pioneer Press (Rep.).
j
around to ,be point where profit“
1' per cent, and in comparison with
ness, but ss yet the new discounting is
once more he expected «j,¡
‘
ra'> and mure prosperous years it must he
E v e r y M an F ee ls It.
done more largely for concerns handling
ing at a rate which thorns),
ltu'rpas
nieiubered that there has been
pood* than for m snufactureers desiring
There is not » progressive business man nevertheless « 4 Í
£
g
' * dine in prices that identical figure*
to make up new stock. Much o f this mer­ in Kansas City who doe* not f«*«*i more
now *ee in tbe situation «ufli
' a :''ri indicate a very large gain iu
cantile demand for money comes from the cheerful over present conditions and fu­
Sifv them in laying jn libera] ^ “ V «° J'|*¡ I h e trith is that io volume of n ie tt lg
country in the shape o f notes o f business ture pro»p«*«it* th «n he has felt for many very large transfers to them
* “ nd disc h.nt lied the amount o f busin efi^B
«■oncer«« with tbe endorsement o f interior years. T h e great m ajority recognise thst ly been „ „ d e at leading
e reo'‘ nt- now does not compare unfavorably
banks, «m l presumably much o f'th is pa- the movement towards better times i* well
purchase o f 33<Kj»>u.f ™ 't P ? " ! * T o » the «amount «lone in good years,
iter is made against imported goothi which under way. not by reason ,.f Mr. McKiu-
l»!tvr part of May. a t o r Í T L T i
JL“ ,h* theNF lower price* protit* are *nn
Lew York boa been carrying, but which le j'a election or because o f the promise of
disappear «»u reljr.—f
¡T ,
,'V>h,mP °f
•dd* —
't'1'