Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1877-09-09
EASTERN NEWS.
ESPECIAL. TO THE DAILY sENTINEr-
YESTERDAYS DISPATCHES.
Business Prospects.
ENCOURAGING SHOWING.
Indications that the Country is
Going Upward.
DISPATCHES.
Business Prospects.
SHOWING.


NEW YORK, Sept. 7.
The aggregate of bank exchange for
August, ut the sixteen leading cities.
gives an encouraging view Of business
as compared with a year ago. The
loan at New York was IA lilo per
cent, due partly to speculation; Balti-
more gained 10 per cent; CINCINNATI,
2 $40; Milwaukee. 81 7-l0; New Or
leans, ID; Kansas, "a 9-10; Columbus,
Ohio, q z 10, and Worcester, Massa-
chusetts, 10 lilo. The loss al Chicago
was y lilo of DIE per cent, probably
because of the early August strike.
Pittsburg, from similar cause loses
81, and st. Louis 3 Lilo; Philadelphia,
o 10, being rather what she gained by
the centennial exhibitors than any
present depression in ordinary bust
ness. San Francisco is credited with a
loss Of 3 40 per cent. Careful COM
parsons Indicate that the actual tran
sactioDs apart from those arising from
speculations, were from 8 to 4 per cent.
larger last month thar a year ago..
The improvement, though substantial,
was very slow, but the testimony of
merchants and the general activity
witnessed on our streets indicate hat
the bottom is reached at last and we
are going upward. The Government
is gaining accelerated speed. The
signs Of this are too many to be de-
lusive. Not only are more goods
bought but better qualities sought,
showing some relaxing OF the recent
extreme economy. This is especially
apparent in orders from the NorIhwest,
where the immense crops has evident
ly disposed consumers to a greater
liberality OF expenditures. Southern
advices also all show a marked i'm
provement with better ability to buy
upon the more stringent terms
as to credit than prevailed before the
war. Without anticipating the flush
times of fictitious prosperity, all class
es grow daily more hopeful, confident
that the eve of fair business success has
began. Attention is called to the fact
that gold commanded a higher premi
um here every year from 1873 to 1888
inclusive than it does now, and it is
urged that coin would Immediately
flow into circulation except for the
presence of irredeemable small notes
in an amount largely exceeding the
actual needs, which block the way and
prevent the assurance that the low gold
premium will continue. While i'm
ports at New York last week were
more than a quarter greater than the
corresponding week a year ago, the ex-
ports have not correspondiDgly in
creased, but a very heavy movement
Europewards of grain, followed by
cotton, is generally anticipated. The
Public editorially points to the fact that
the Treasury is steadily gaining in re-
serves, while the New York banks are
rapidly losing their legal tenders, as
evidence that our banks are approach
a position which all consider DANGER
Gus. 1t holds hat while the increas-
ing demand for money to move crops
Is making currency scarce, the banks
are doing nothing to check the reck-
less speculation which they encour-
aged when money was easy.
Free Trade Conference.
SARATOGA, Sept. Z.
The conference of Free Traders be.
gan at noon to-day, Nathan Apple
ton, of Boston, Chairman OF the Pro-
visional Committee, calling the body
to order and presiding. He said this
was an anspicious time, and he hoped
thi, meeting would result i'm the organ.
ization of Free Trade League. Ed
win A. Pratt, and Samuel L.. Powers
were appointed Secretaries. David
Dudley Field, Park Goodwin, Horace
White and Francis Walker were ap-
pointed a Committee on Resolutions.
One resolution, entire, is as follows:
That. as n mean towards the revival
of commerce and general prosperity,
we ask, concurrently with reform leg
islation, a thorough re1ision of our
commercial treaties with foreign ma.
tons. many of which are unsuited TO
the present industrial and productive
condition of this country, and we do
ask, also, the negotiation of treaties of
commerce with countries such as
France and Spain, with which we have
no such agreements. The resolutions
were seconded and advocated by Park
Goodwin. David A. Wells was made
Chairman.
Rifle Teams-A Democratic Straw
In south CarOlina.
New YORK, Sept. Z.
The practice at CreedmOor OF the
British and American rifle teams to-
day wa interrupted by q storm. The
members Of each team on the range
made n or two attempts to practice,
but were obliged to discontinue.
The Times says: Fairfield county,
tSouth Carolina, was carried by the
Democrats by 200 to $500 majority
at a special election held on Tuesday.
The Republican majority last fall was
673.
sentence Of Railroad Strikers.
HARRISBURG, Pa, Sept. Z.
The railroad rioters convicted here
last week were sentenced to the coun-
ty Jail to-day, for from two to eight
months, aud TO pay fires from $40 to
$500.
BREvlTlEN.