The daily Cairo bulletin., 1884-11-29
The Financial situation.

There has been aUOnceable improvement
~ the general suuation during tie past tel
days and the outlook is very encouraging.
Yesterdays reports on securities, bonds,
stocks, ETC., that usually express the feeling
Of the market and its prospects,, were much
improved and show not only al a,vaace
but firm, strong feeling. In this connec-
tion we quote from The Financial Chroni.
Gle, an unbiased, noD.political paper pub
ished in New York and representing the
industrial aud commercial interests OF the
United States:
"One looking h the county sole y from
the pnut ui view winch iwrr wages sug-
ge,ts may Ue l"cllned To hold despondenl
Opniun of the progress making. But II
must be remembered That commeI cialiy We
have been very low down, especially the
past two mouths, that many OF the wage
reductions were inevitable several weeks
sin but have been delayed tor political
r asons, and that cheap living MATERIAL,
lessons the individual loss. On the latter
point 1t may 10 general be truthiuIy SAID
that while the decline 10 wages relieves the
manufactures and permits cheaper goods,
the lessened compensation Is worth ar
much for living purposes or has ns great n
purchasing power as the earnings OF two
years ago. A dlsagreeabe necessity is thus
robbed ot its chief hardship, while through
It the country Is simply adjusting itself To
| the new level OF values.
But aside from this incident, there is evil
IDENTIFY some recovery of tone and transnc-
tl0ns IN nearly all OF our merchandise mar.
krts. One who expects to find rampan'
movement following the torplr 80 long tx
lstlng, will see little to encourage his views
| Yet it is none the less fact that a tuin has
| been made tor the better, which II not dis-
turbed by the unexpected, seems likely tc
bring in the new year with more ofpromlst
than cou have been anticipated 4 few
weeks since. THIS IS reflected also In tn,
Wall street market A very copsid"rahI,
amount of good stock has been taken of
he street the past ien days, AMI healthy
reaction IN prices set in, with bonhs alsN II
active request. II lett to itself nnd not en-
s,neer.d ny cl ques the rec very (w'th tn,
usu-l set-bncks m C. urse) bids tnlr IT, con
unue tor all vaIu,be properties winch lat
vents have depressed so greatly. Tn,
relng Is encouraged 10y the rensonan!
b ne Of lar.tr esrnings nn our roads sOnI
| while xpen,es ae being cnt down, 50 tha
better results AS To net incomes are anlici
psted.
Ii with these surroundings congre,
could only be induced 70 do something fo
the country this winter the outlook woult
lie uuy insprSg. Our industries are con
ductrd nov u der two severe dis bllues-
Il hurdeu AMI II tear. For several year
there has been rx,r Acted from them over
hundred million dollars in taxes more thsl
sufficient to support the government. Thi
lsa burden from whic', We want ,mmrdiai
rell''. Il sin M neN "py II b'n's n
llmt ge' etl strrs ls IKE lsrm
~ llnp his seed ahe,t ~ carpenter M
tau,s To pay oif a mortgage. What We nee,
1t present Is to reservr lor reproductive pur
poses every cent OF surplus we can secure
and deer this bond paying business for
more convenient seas N. Then, besides ex
cessive taxation, there is that ever pre-en
leAr from silver coinage winch is holdln!
ing enterprise 10 check and from which ou
industries require reliet. The coming sea
sion Is short we know, but there is no pres
idential business to delay or influence legis
lation; and Furthermore, it is well enougl
to remember that the party which sacritic.
ed so much to gain the silver vote did no
secure single silver state at the late elec
ton. In the light Of that fact, do we no
voice the general sentiment when We 50.
that principle, not humbug, will pay beat
politically hereaftera