The Manitowoc tribune. [volume] (Manitowoc, Wis.) 1866-1878, 1875-03-25
REVIVAL---UNMISTAK.
ABLE INDICATIONS.

The New 1 Ork Tribune OF March 10,
speaking of renewed trade and the
plethora of money, says:
The near approach of spring end the
improvement in the weather combine to
produce the revival in business which
New York has been so anxiouslv waiting
for so many months. Wholesale jobbers
and importers report better demand
than they have had at any time since the
panic. The statements to this effect are
confirmed on every hand and by the ex-
perience of the past week Or two. There
is also a greater disposition to embark
In new enterprises. It las taken peri
cd of eighteen months or two years af-
ter every previous panic to get conf
dence restored, and induce people to &C
cept any ordinary employment for idle
capital. The same period having eiaps-
ed now, it is found that capitalists be-
come restive, and the great plethora of
money and the extraordinary prices of
Governments tend to simulate specula-
tive ventures. 1t thus happens that, al
most for the first time in twelve or eigh-
teen months, there ls :. feeling of actual
bouancy in Wall street.
The New York Times, of the same
date, remarks upon the general activity,
as follows:
The week which ended on Saturday
last, so far as finance and trade were
concerned, was probably the most i'm
portant one of the year. The opening
event of the week was the great buoy
ancy on the Stock Exchange, which con-
tinued, with occasional Interruptions, to
the close, and resulted in marked ad
vance in speculative and investment Sc
curities. This improvement was based
upon the indications In all directions OF
reviving confidence in business circles,
and the inauguration of the Spring trade,
as well as the steady advance in the price
of breadstuffs, both here and at the
West The railway traffic of the coun-
try is always good barometer of the
condition of trade, and the earnings of
many prominent roads thus far in March
show material increase over the traffic
of last year. For instance, the Union
Pacific, for the first ten days of the cur
rent month, shows a gain of $4S, 900 over
the last year, and the Chicago and Rock
Island, $38, 734 for the first week, and
$16, 900 for two days of the second week.
The Chicago and Northwestern road al
so shows decided increase in earnings,
the gain for some days of the month run
ming as high as 81, 900 per diem. The
Vanderbilt chain roads-New York Cen
raj, Harlem and Lake Shore-have also
been doing much better of late. and the
same is true of many leading lines which
do not give any official figures outside
of their annual reports.
The advices from the New England,
Middle and Western States as to the
iron trade are more cheering, and there
oJnJ
branches The demand for steel rails
have large orders on hand. The Chica-
go and Northwestern road recently made
contracts to transport considerable
amounts of iron ore from Lake Superior
previous to the opening of navigation,
which certainly looks like recuperation
in the iron business at the West.
Tolls will probably be reduced on the
Erie Canal, and the indications are fa-
vorable for good export for wheat in
the future, which, coupled with the re-
cent advance In price, certainly strength
ems the theory that our surplus crops
will be marketed during the spring and
summer. This cannot be done without
giving sharp impetus to general busi-
ness and active employment to the rail
roads. In the case of the Western roads
this will be very important, the repeal
of obnoxious legislation in Minnesta and
the amendment of the Potter law in
Wisconsin enabling railways to obtain
much better rates for transportation.
The call of Secretary Bristow for S3O.
OOO,O 900 $40 bonds on account of the
sinking fund, had a good effect in finan-
cial and business circles, and assisted
The revival of confidence which had pre-
, viously set in.