Wessington Springs herald. (Wessington Springs, Aurora County, Dakota [S.D.]) 1883-1891, 1891-06-12
FINANCIAL AND lNDvs71
Funds Eairly Well Employed-Fair
Expected for Produce.


From one end of the couptrr
other business is seasonably actyl
the general outlook is exceotj|
bright. The month of May IS \
richer in prospects than in results
ever, and this year it has not vi
the time-honored rule, says the
Ocean.
In a negative way a good d
ground has been gained. The
labor disturbances have proven I'd
ably Insignificant outside tAd|
regions of Pennsylvania, and even
a final settlement has happly|
reached. The enemies of the
crops have not carried on their Of
work of devastation in the p
agricultural sections, and the Eu
consuming markets have not
very great amount of money Or
in depressing the prices for on
uce.
Then, again, the United State,
nearly $40, 100000 in gold to Gr(
ain and Europe during the past
without causing the slightest sen
of financial distress in this q
When resumption occurred the y
held S114, 100000 in GOLD, Desid
held for certificates outstandirl
that was all the gold apparent
country; now there is about S214I
in the Treasury, and about st00l
in circulation in the country, or v
l. Russia's seemingly insatia
mands for the yellow metal are y
ineXplicable to tinanciers on this
the Atlantic, and no satisfactory
for their continuance has been NJ
foreign bankers. This enormous
port from New York has had a
conservative influence upon b
speculative and legitimate intereI
served to keep loanable funds
we'll employed at profitable rate
terest.
But the chief end of this pecul
dition of financial affairs will be
great profit to America. 1t will
strate to the world at large
United States is q nation'of
monetary resources, as we'll as
unparalleled powers of productid
apparent ease with whi;h our
have absorbed the tens of mi
American securities that foreign
have returned US since last autq
given them a higher place in the
ton of investors abroad than v
cades of wise and honest admin
and any amount of handsome
bearing operations would do.
Last November the great
England was forced to call u
leading financial institution Of
prominent republic of Europe
lieve its pecuniary distresses
order to avert a worldwide pan
more than a month now the pl
monarchies of Great Britain aIq
have sought monetary aid ana
from the most prosperous repuoLL
"New World" There are in u
statements decidedly sisniIe1
gestion to the subjects OF hll
princes, and one not unworthy
sideration by some of our OWE
fed people.
In another direction the
events abroad of late has beeho
to Americans in a prospec1he
The French Government has itu
duty on wheat for the perlou
months, from August, 1881, "
1892, while the Chamber OF icy
passed a bill providing for the,s ~
grain in every fortified town ~
sufficient to feed all citizen, d
months in case of war. IDe Il
Council at Berlin has also Volsa
of suspending the tariff on g har
In the meantime the weatns.
orally been favorable to . ous
grain crops, and general a., Du AZ
been conducted in a healthll! ~
for the season. Even the lron
developed symptoms Of eSpan uss,
ulation is we'll within bounds . g,nI
and the situation is eScep. sts,
from pyrotechnics in all QualN