The Plymouth Republican., 1879-05-29
THE BUSINESS OUTLOOK.
Many Signs Of Increasing Prosperity,

/
that has for several years been the
terror OF business men. AT the same
time there has been a marked falling
off in the number OF failures. Since
the panic, shrinkage in values and
bad debts have more than offest
profits, so that a. the close OF every
six months busine ss men have had
losses instead OF profits to contemp-
late. But now the tide has changed,
and people are finding something else
than hard times to think and talk
about.
Real estate Is beginning to attract
more attention, especially improved
and productive property. This is the
natural result Of an abundance Of
cheap money. lie capital that seeks
employ yment without risk can fad
nothing better than four per cent.
bonds, which are selling temporarily at
u premium. This will not prove sat
isfactory very long, and as secure
foundations begin to be discovered In
business and in real estate, surplus
capital will take that direction.
When leaders appear the masses
will speedily follow. This is iIlustra-
ted by the rush for per cent. bonds,
and the boom In the New York stock
market. In Wall street people have
forgotten hard times and are talking
about profits. Broken down railroads
have been reconstructed. and the
business OF solvent roads has steadily
improved. so that there Is a marked
movement in the upward scale.
In the line or building more is be-
ing done in all the leading cities than
In any former season. This is be-
cause it Is believed that bottom
prices have been reached, and IL real
estate does not yield 10 per cent. as
1t used to, it is found to yield, when
favorably located, more than can be
realized ON bonds or notes.
This Improvement Is due largely
maialy In fact-tC the settlement OF
the financial question. There is still
great deal OF talk among the cur
rency thinkers. or political adventur-
ers, who seek to make capital by
talking and proposing. but the people
are satisfied, aud propose to go
ahead. When congressman. who are
writing bills and. making speeches,
return to their constituents. they will
find this 10 be the case, and they will
no doubt, be disappointed.
Surplus labor. too. is diminishing
steadily. There Is not a great deal OF
1t now among mechanics aud labor
ers, and there will be less as the year
progresses. Wages are no: high, but
the cost Of living is low. A merchant
told US a few days ago that good
strong winter clothes, suitable fol
working men, arc being manufactured
at $3.50 per suit. The same goods
ten years ago, cost Sl2. Other arti-
cles OF clothing are low in proportion
Food Is also cheap. 1t is within lin.
it to say that the purchasing capacity
OF dollar Is double what it was ter
years ago. Wages have not fallen il
that proportion. The hard ihing IL
to get people to understand that {
gold dollar or its equivalent Is better
, than paper dollar worth fifty, sixt,
or seventy five cents in coin. The,
are getting to understand that, how
, ever. and when they find that a dollar
/ goes as far toward feeding and cloth
ing the family as two dollars di,
when times were what we calleC
prosperous, they will see clearly.
The country. aftor years Of shrink
age, suffering aud panic, is at last OIL
solid basis. A dollar is a dollar; tn,
coin standard is once more the meas
ure OF value: economy has taken thu
place OF extravagance, and now W,
: are on the up grade-not, indeed, i!
the direction OF speculation. excite
ment and sudden advances, but OF |
!, healthy growth in all branches Of In
!, dustry.
The GROWERS we have with us, o
| a0nroo Without fbasa he worIs
would not be itself. But let then
growl. Their harsh notes do not pre-
vent the crops from growing, or th.
, farmer from getting in bis work
We have seed time. and we shal
soon have harvest. The work 0
helping feed Europe will go on, ant
the balance OF trade In our favor will
increase. We are holding the prec
ious metals produced by our mines
: one hundred millions year or there
about-and thus the currency Is be
: ing inflated from the bottom. No on,
will object to this kind OF Initiation
. because it is sound and will last.
Thus the work Of recovery goel
steadily forward, and the countr,
will soon forget, as Wall street oper
. ators already forget. all about hare
!. times.
3 The Chicago Tribune says that con
Q tracts were made in that city on Tues
| day for the transportation Of fresl
beef from there to Liverpool by raj
to the seaboard, and thence by steam
er at the low rate of "a cents per 10t
pounds. This Is probably the loves