The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-08-27
THE OUTLOOK HOPEFUL.
The Situation Improving all
Over the Country.

New YORK, Aug. 26.-The CONNER.
cial Advertiser printed yesterday q
broadside of opinions upon the present
commercial depression gathered from
all over the country. Most of these
opinions are from men conversant with
the condition Of trade in their various
localities, and it is to the effect that the
worst OF the depression has been passed,
and the near future will see decided
improvement in all the lines of COM
mercial and manufacturing business.
The president Of the Chicago board OF
trade telegraphs that confidence there
Is returning. There is much less ner-
vousness in business circles, and much
conversation characterizes all dc alings.
st. Louis sends word through the
president of tho Merchants Exchange
thatthe financial condition there is much
improved. Banks continue to pay cur
rency, and are trying to supply the
legitimate needs of their custome rs
Shipping houses report improved bust
ness. Business men there feel gener-
ally encouraged.
The secretary of the Denver cham Der
OF commerce telegraphs that there is
universal confidence in the solvency Of
have resumed payment. He attributes
the depression to the uncertainty of
Congressional action, and says there
will be no prosperity in Colorado, Or
any wealth producing State, until silver
is restored as money metal.
Brent Arnold, president of the Gin
cinnati chamber OF commerce, takes O
rosy view OF the situation, and says
there has been steady improvemen t
in the past few days, and that the
feeling is Of decidedly more happy
character. He says that the worst is
over, and that prosperity is slowly but
surely returning
Pittsburg reports favorable condi.
ton through George a. Kelley, presi.
dent OF the chamber OF commerce. He
says matters are looming up, and that
currency is moro plentiful and pre-
miums are but rarely paid now. The
banks are in good condition, and no new
clearing house certificates have boon
used this week. Tho prevailing opinion
il that the worst is over.
Kansas City reports, through Edward
III. Allen, president OF tho Commercial
Exchange, that for the past three
weeks the condition there has been
steadily improving and will probably
Robert Beckley, secretary of the
chamber of commerce of New Orleans,
reports tho most favorable condition
from that city. He says that at no
time has the condition there been as
bad as it has been in the East and West,
and that lately q much better feeling
has sprung up. He reports that the
sugar crop is large and the corn and rice
have good average. Business men are
resuming the conservative policy, and
that it is their indication that they will
soon pass out OF the present trouble.
John l.. Rogers, president of the
baltimore corn and flour exchange,
takes less rosy view of the situation,
and thinks that there will be no return
of confidence until Congress acts and re-
peals the purchasing clause of the
Sherman silver law.
James l.. Pierce, president of the
Providence board OF trade. reports that
the banks there are in favorable con.
dition, and are able to aid their custo-
mers. Manufacturers are carrying goods
waiting until the money market allows
buyers TO give orders Currency is
little more easy, and there is no run on
tho savings banks. Prospects are good.
In addition there are published large
number of opinions OF prominent local
merchants in various lines OF business
The prevailing sentiment is that bust
ness has improved in the past week. and
will continue to improve next week, and
so on. Altog ther the outlook Is hopeful.