The Portland daily press., 1875-03-17
Bu,ineSS Prospects.

From East and West come encouraging
words as to the revival of trade. The Chicago
Tribune says: .r
So far as cereals provisions and lumber, the
principal items of business IN Chicago, are con-
cerned, the prospect is encouraging. 1t is
estimated that there will be movement of
not less than an average of GOO, 900 bushels per
week from the 10Th of May to tine 1st of Au-
gust. No very decided improvement in flour
il looked for but the corn movement promises
to be very active, while oats, rye and barley
look well, The provision business is in a very
healthy condition, and meats are called for in
such quantities that there will be very small
stocks ON hand by the time warm weather
comes. Although the lumber season, owing
to the weather, will open later than usual still
there is a decided improvement. and most of
the dealers anticipate good business. The
hopeful. Fa
The Boston Globe takes quite as encourage
ing view, and has this to say: -
The ice that is breaking up in our streams
will open them to the burden of traffic, and
there is thawing influence going on in other
departments of activity that has a very sens
BILE influence upon business as well as other
interests. The very fact of the long continued
dulness by leaving the markets bare of their
usual supplies, gives the grPa,er impetus to
trade when it once begins to feel the effects
of the revival, and it is well that this should
come at a season when all the facilities for the
transaction of business are favorable. The
effect has already been shown in the stock
market, that proverbally sensitive barometer
to financial changes, and the earnings of the
railways through the long period of dulness
are extremely encouraging for the coming sea
sou. Much has been gained in the restoration
of confidence by the failure of the ultra policy
of the iGrangers, aud the recognition by the
farmers of the West of the folly of treating the
railroad corporations as their enemies.
The New York Mail comes to the front with
these cheering words:
The only serious danger in the way of gen.
eral revival of business here has been that oc-
casoned by the gold gamblers-who are the
Latural enemies of all legitimate trade, and
who expected, before this. to have brought
about CORNER that would have seriously
embarr assed our import trade. Fortunately
the job has proved Unexpectedly large and diff
fcuit. The action of the Secretary of the Treas
ury in. calling in 30000,0 900 of bonds has rem
dered q corner" impossible. The release of
this large amount Of gold is gain to the mar
ket of almost the whole amount, for even that
part of it which is shipped operat to prevent
the shipment of other gold, while it is likely
that large part of the gold paid to the credit
of the foreign holders of the called bonds will
he re-invested here, on cable orders. All of the
$50, ,O00, 600 that mains here is so much posi-.
tive addition to the stock available for actual
pprchase by importers and to that which the
speculators must get hold of. before their "cor-
ner'' is anything more than thin delusiou.
The Milwaukee Wisconsin. which is very
good authority on such matters, is very san.
guine as to the prospects Of trade in the North
west, and says: ee tg -.. e.
When business does again revive it will be
upou a more solid foundation than for fifteen
Years: if fortunes are not made so rapidly or of
such large proportions they will be more nu-
merous and more stable. Especially will this
he the case if the policy of a resumption of spe-
Gle payments is kept steadily in view, and
some effective means adopted to put our cur
rency on the sound basis of coin.
The New York Times says: %
There is good reason to believe that we are
nearing the end. Confidence is reviving, for
the very simple reason that men have, in great
measure, determined whom they can again
trust with safety, and to what extent they can
themselves afford to extend their purchases. 1t
is a perfectly legitimate conclusion from the es-
seutial elements in our recent condition, as we
have briefly, but, we believe, with substantial
completeness, stated it, that when business re-
wives it will be on sound basis, and with rea.
sonable hope of considerable permanence.
Wild speculaton-like that which was recent
ly begun in gold--is not safe now, and never
has been and never can be safe. But prudent
and legitimate enterprise not only must be-
come safe with the gradual revival of business,
but it must remain so for long time. In
reaching this conclusion, we by no means lg-
more the difficulties and dangers arising from
fine use by the United States of an irredeema-
ble paper currency. But grave as these are, we
reoard them as incidental aud we have no
doubt that they will be in good time removed.