The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1888-09-05
The Business Situation.

The New York Commercial Bulletin, a
strictly non-partisan commercial paper, re-
views the business situation at length in
its issue of the 9th. 1t says:
The developments of the past week affecting
the business situation have been mainly favora-
BILE. Sentiment has rapidly grown more conf
dent and almost buoyant as the indications
of a prosperous autumn have become more
numerous and unmistakable. In money centers
no apprehension is shown TO the adequacy
of the supply of currency throughout the
autumn, although it is realized that the treas
ury department Will have to exercise its powers
of disbursement more literally to guard against
strlngency IN connection with the crop move
ment. The increased offerings of bonds and
the disposition to purchase shown by the
treasury are generally accepted ample
surance that all requirements will be met. In
this city the difference of rates for call and
time loans continues greater than usual; but
this is attributed to variety of causes and does
not indicate apprehension as to the course of
the money market. The leading bankers, while
disposed to be conservative, express the belief
that the demand for money will be fully met.
The stock market has responded to the spread
ing feeling of hopefulnesS, and has increased
considerably in activity, while some important
deals have been consummated, and every in
dication given of general reawakening.
After speaking of the crop prospects
the Bulletin proceeds:
The industrial situation has been improved
by the resumption of work in a number of
Establishments where dullness or labor disputes
had caused a shutdown, and the tendencies
are generally favorable TO the employment of
fully the customary amount of labor at wages
on par with those of last year.
The Bulletin concludes thus:
In trade operations the summer dizziness has
not yet disappeared. In the metal trades the
- III
and what has been heralded as a season of I'M
usual depression promises to be one of more
than average prosperity. The tone has become
confident aud the increased activity has ex-
tended to various sections of the country, and
manifested itself in increased demand under
many heads. The dry goods jobbing trade has
increased in volume, and the indications point
to an earlier and more general development of
a good fall trade than had been expected.
Buyers in New York market now represent
nearly all parts OF the South and West, and re-
port conditions essentially favorable. In the
various branches of grocery trade the course of
business has been up to expectations and the
outlook has become decidedly more favorable.
The jobbing trade has become more active and
the outlook is regarded as satisfactory. The
coal trade has maintained its position OF un-
usual activity and has sustained good prices.
In the broadest sense, the developments of
the week must be regarded as favorable, and
have been based upon sound and safe condl-
tons. The improvement in the agricultural
outlook and other circumstances tending to
revive trade have been offset by just enough
restraining influence to prevent any specula-
tive tendencies and to insure caution and care
in all transactions. This conservatism, mingled
with confidence, constitutes the feature of the
situation, and under its influence the means OF
meeting the demands of good fall trade are
being supplied without speculative risks which
would complicate the future. The indications
all point to an autumn season marked by large
exports at fair prices, good volume of trade
at moderate profits, and an unusual freedom
from business embarrassments in consequence
of speculative ventures. Too high expecta-
tons should not be INDUCED, as the prosperity
OF the seasons business depends largely upon
the continuance of conservative and prudent
methods; but the outlook promises TO grow
more and more favorable, and with good man.
agement the season should prove one of more
than average success in all that contributes to
the welfare of the country.
THIS is the business situation as pre-
sented by the leading commercial paper of
the country. The commercial columns of
the republican organs tell the same story.
And yet these same organs are trying to
make the people believe, against the evil
dence of their own senses, that the
efforts OF the democratic party to re-
QuCt TCileNe the OF
the country from the burdens they now
carry, have demoralized business, para
lyzed trade and alarmed capital! THE
SENTINEL showed the other day, from the
records, that within eight months after
the presidents tariff reform message was
sent to congress, industrial corporations,
with an aggregate capital of nine million
dollars, were chartered in Indiana. The
fact is, that after nearly four years of dem
ocratic administration, the business inter
ests of the country are in sound and
healthy condition. The only disturbing
element is the growing surplus in the
treasury, and that viii be wiped out if the
Mills bill becomes law. The republican
organs will find it pretty hard to convince
intelligent voters that any danger can
come to the business interests from the re-
election OF President CLEVELAND, under
whose wise and conservative administra-
ton the country has prospered so greatly,
in spite of the enormous load of taxation,
fastened upon it by the republican party,
which it has had TO carry.
Down with monopoly taxesl