The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1873-10-02
what Some Of the Leading News
papers in Different Sections Say
about it, Present Conditio I,
cauSss I'D sfects. q s.
PRESENT SITUATION.
fInter-Ocean. Sent m


of the people Of the Northwest.
In New York all the markets have
healthier and firmer tone, stocks
being very decidedly better, under
the influence, doubtless, Of the pro-
posed opening Of the stock exchange,
which occurs to-day. The produce
dealers held meeting yerterday to
devise plans to remove the dead lock
in foreign exchange, so that there
may be no embargo upon the export.
alton of our surplus crops to Europe.
Public trust in the banks is returning
and within the next few days, it may
not be too much to hope, tire will be
almost an entire resumption of the
paralysed business and industry of
the country.
ITS EFFECT on THE GRAIN TRADE.
Chicago Tribune
In the present crisis, when the f.
nancial skies are dark and threaten
ing, there Is one department Of trade
whose current cannot be stopped, al
though it may be momentarily check
ed. We allude to the movement Of
wheat to the seaboard aud to Europe.
Our crop is abundant, the quality is
good, and 1t 10 certain that England
and the Continent must have ell we
can spare them. Dispatches received
here report that the correspondents Of
Liverpool houses in New York were
ready Oh Wedne sday to purchase
wheat and to pay for it in currency or
coin. This fact was manifest on the
Board OF Trade yesterday, where
prices advanced and buyers were
ready to pay for their purchases BY
cash on delivery. Some OF the buyers
had dispatches that cash had been
shipped by express, and would arrive
in day or two, but to them an ad-
vance Of one TO two cents was made.
The low prices still ruling will stimu-
late buyers, aud we should not be sur
pYised to see . very active market
within the next week, even though
all transactions were made with green
backs from hand to hand. The move.
ment in wheat, breaking as 1t must
the business blockade, our merchants,
manufacturers aud commission house s
may still expect good fall busin ess.
The North west has 81 abundance OF
all food products. and the Eastern
States and Europe must have them.
OF course they must pay for them, and
II our people have not maturing in
debtedness to offset. they must pay IN
currency or in coin. Our citizens
must remember that, when the banks
all suspended in 1861, and for . week
or two nobody had any money, the
Eastern cities sent their gold to the
West to buy our grain and provisions,
and, for q time at least. business was
exceedingly active. We see no rea-
son, therefore, for any continued
in the channels of trade.
WILL INCREASE LEGITIMATE BrsI-
NESS.
From the 81. Louis Republican,
The trouble in the securities market
which can only have temporary ef-
feet on legitimate commercial bust
ness, il likely to have q permanent
influence in shaping the character oil
future Investments. That there will
be stringency in money matters for
q time all believe. But 40 soon Ms thu
sions aud the causes which led to the I
are generally understood, the regular
course Of mercantile transactions vii
be resumed. and!accumulations of cap
ital will take place, as before and tn,
profitable employment Of surplus casi
will lead to the development of new
industries and the orixination Of new
schemes, which will afford to capital
lists the opportunities which they seel
for the investment of their funds
There will be more conservatism in ii
nancial operations la the future thar
has characterized the past. Specula
ton in stocks based on fictitious val
ues will cease; the construction of rail
ways not needed will be discontinued
the wild spirit of gambling will b.
curbed; but the time is not distan
when legitimate enterprises will re
ceive all needed financial aid, at posi-
bly, lower rates Of interest than hav
hitherto been demanded.
THE COUNTRY IN A FAVORABLE con
Chicago Journal
We must meet the situation brave
| ~, and keep cool. Rashness, excite
ment, illiberality and uncharitable
ness will only make q bad matte
worse. We are all in the same boa
together, and he IL q foolish and reck
less man who would upset the boat il
deep water, drowning himself and hi
| fellow passengers. No man can chang
or improve or remedy the crisi, Ii
which we are Nil involved by losin
his senses or indulging in rash word
or acts Let us all, then, make til
best Of our desperate strait keep on
courage up; stand by one another; b
mutually forbearing short, KEE
cool, and hope for the best F..
| According to a journal which is gen
orally good authority on such subjects
the more important exports of tn
| current year will be as follows:
Three million bales Of cotton, whicl
will realize sos 900, 900.
Fifty million bushels Of wheat
worth about SO OOO, 600.
Three hundred million bushels o
other cereals, producing nearly %
quite So $50 900.
Two hundred million gallons of pc
troleum, valued at SIC, OOO, 600.
Five hundred million pounds O
pork and other provisions, $40, 900. 600
Two hundred and fifty million
pounds of tobacco, worth S25, OOO, 900,
Here is an aggregate Of Ssl0, 900. 600.
The nation never waa in an f.,,,,,