The daily Cairo bulletin. (Cairo, Ill.) 1878-1???, 1880-01-07
A PROSPEROUS YEAR.
THE NATION IN FULL TIDE OF COMMERCIAL
PROSPERITY.
From the New York Economist.

PROSPERITY.
From the New York Economist
The year closes upon the nation in iuIl
tide or commercial prosperity. Anxiety,
doubt and fear in regard to business pros
poets have given place to confidence, hope
and renewed vigor Industries long dormant
have again revived, labor is generally and
steadily employed, wages are advancing to
a tair average, and capital Is coming forth
TO stimulate new enterprises, The products
of the mine and soil have been abundant,
and are adding largely to the nations
wealth. Factories hum with the rattle Of
busy looms, torges glow with the pulses of
enlarged trade, and trunk lines of railway
are crowded with east and west bound
trcights Improvements in city, town and
country are adding to the beauty and uui-
ity of the land. New buildings are being
erected on every side, and real estate, 50
long depressed is steadily increasing in
value. The finances Of the country are in
healthy condition, the currency is placed
on specie basis, gold is still coming to
our shores from abroad, and the balance
of trade remains largely in our favor
The tonnage in Atlantic ports is larger
than at any period in ten years, attracted
here from foreign countries 10y the prospect
On speedy treights in grain, brcad-stuifs
and provisions, that are needed to supply
an increased European demand The eX-
port OF textile fabrics, hardwares, funi-
ture, agricultural implements, musical in
strumcnts and sewing machines is steadily
advancing, and our trade with China Ja-
| pan, the far east and the islands Of the
! pachC Is becoming more widely developed.
Emigration Is pouring IN from the pOpu-
lous countries Of Europe, mainly OF u thrifty
class, who are rapidly settling vast areas OF
the northwest. Along the line Of the
| Northern Pacific railway villages and towns
are spnnging up, and new communities or
gained with all the elements Of good So
clal and domestic foundation. The vast de
posits OF the precious metals in the Rocky
Mountains are enclosing to the hardy min
ers' toll ana new millions of gold and silver
are monthly added to the nations resources.
The great corporations in coal and iron,
which suffered 50 severely since 1878, have
had u year Of great prosperity, and are fast
getting in condition to be relieved from all
financial pressure. Railroad securities
have advanced enormously, and stocks and
bonds year ago considered of but little or
no value are approaching dividend basis,
Manufacturers in wool, silk and cotton have
for the first time ma long period had u
successful twelve months business, with the
prospect Of Increased prosperity in the
future
Dealers IN general merchandise, whole
sale and retail, with but few exceptions
will count their profits a, the close OF 1876
on the right side Of the ledger and balanc,
their books with the assurance that the new
year will add TO their increase, The ole
year ends amid peace, plenty aud prosper
ity, and the new opens with this countr,
, possessing nearly every advantage poSSbl,
, to march forward for the supremacy o
' the commerce of the world