The Superior times. [volume] (Superior, Wis.) 1870-1912, 1874-09-26
THE OPENING OF FAIL TR4D DE-
CHEERING WORDS

CHEERLNG WORDS.
The New York ZIaees of Mon
day In its money article says:
"With the week that closed on
Saturday last there was brought to
financial and commercial circles the
first real indication of the Autumn
trade revival, and though the move
ment has not yet exerted It's influ-
ence on all classes of business, it
has nevertheless been Of so marked
character that all the communities
of trade and manufacture are graft
fed with the promise which this re-
newal of activity gives for the near
future of our material prosperity.
The week was unmarked by any
events III themselves of peculiar i'm
portance, but rather by a series of
incidents which, collectively, had
the effect of restoring faith to hope
which was becoming 'weary Of
waiting, looking for sign AT
the very out set Of business spec
ulatlon we were awakened by the
announcement Of negotiation by the
Erie Railway Company Of loan in
London, which was, if nothing more
an indication that British bankers
have some degree Of confidence IN
our securities and in the commercial
results OF the incoming season. This
stimulus WIS sufficient for two or
three days, aud then the Western
Union Telegraph Company de-
clared dividend of the profits of
business done in the last quarter
the dullest Of the year-with an out
line of report showing gratifying
financial results. The Union Pacif-
ic Railway Company makes an ex-
cellent report of progress made in
to the funding into an s per cent.
bond Of its SI0,000,OO0 income 10
per cent. loan negotiation which
though not yet quite complete, has
been singularly successful for the
brief period of time it has thus far
occupied. Aud as the crowning
events of the weeks developments,
reliable adylces from British sour
ces Indicate a very much larger ex-
port of our field products this fall
than had been anticip ipated by the
most hopeful of our merchants and
bankers. The advance in prices of
wheat and corn in the English mar
kets means an augmented demand
on our abundant harvests Of cereals,
which will be the most profitable
and sustaining influence on the
whole volume of our domestic mer-
camille and financial enterprise. 1t
means at once liberal employment
of the large amount of capital which
has been for months concentrated
in our city banks, and which ever
since the passage Of the existing
currency law has kept up surplus
of S25, 100000 to S3O.ooo,oOo over
and above the amount Of reserve
which is the legal requirement. To
the farmer, West and Southwest, it
promises early cash sales of his
crops, and the consequent ability to
buy from importers and manutac-
turess, who in turn will give indus
trial employment to thousands,
which will enable them to meet their
own necessities, aud thus perpetuate
the circle in which the law of man
ufacturing and producing supply
and demand revolves The railways
will reap their share of this beauti-
full stimulation in the movement of
breadstutfs to the seaboard, and the
transportation of merchandise from
seaport and manufacturing towns
to the interior. The whole range of
business probabilities seems to have
sensibly widened on the strength of
the past weeks occurrences, and
that the present week will still fur
ther enlarge its scope, and more
definitely define the advance esti-
mates of its actual extent, there can
be little doubt
NOTES CURRENT
Friday, 18th Hebrew New Years
i 7