The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1893-09-14

week, and the signs OF the day point 10
the end of the panic, so far as finances
are concerned, and the speedy recovery
from the period of depression.
From the Baltimore Manufacturers
| Record:
Every passing day records an increase
in industrial activity. In every large in
dustrial center manufacturing establish
ments are resuming operations and thou
sands of employees are returning to their
work. On every hand there are unmis-
taxable evidences of business improve
ment, and better times are surely and
steadily approaching.
From the New York Fipdncier:
Trustworthy advices from Boston,
Philadelphia and Chicago warrant the
statement that the currency famine is
positively at an end, and that there IS
disposition on the part of the banks gen
orally to furnish every needful facility for
the demands of legitimate business, and
for the movement of the staple products
of the country.
From the New York Journal Of Com
merce:
There need be no more fear of scarcity
of money; an unusual glut of it seems
much more likely. The imports OF
SAC, 1000, 600 Of gold. the letting out OF
money from boards, the return OF saw
ings banks cash to the regular banks,
bank notes during August with further
large issues applied Tor, cannot fail to
produce plethora of currency; and set
ting off against that the reduced demand
for loans, a period of low rates Of interest
seems almost inevitable.
From the New York Recorder:
The improvement in the financial situa-
ton is SO marked that it is acknowledged
on all hands. Gold is flowing in a steady
stream to this country. During last week
! 81, 500,0 900 in gold arrived here from
Europe. Within seven weeks S42, 900, 900
in gold has been added to The United
States stock OF the yellow metal. Money
is easier in this city, and, consequently,
throughout the country. The stock ex-
changes are fast recovering their tone,
the reports OF reopened mills and factor
les are cheerfully numerous, and in all
business circles the feeling prevails that
the crisis is passed and the road clear for
new period of healthy and prosperous
trade.
From the Boston .4dUertiser:
The general business situation has shown
a marked improvement the past week, par
tlcularly in the west, where there has
been a decided increase in volume and
distribution of merchandise reported at a
number of the leading distributing CEN
tiers. Prospects in fact are Frightening
all over the country. Mills, factories
and various industries are starting M
again and many banks have resumed,
particularly in the west. There seems to
be general improvement in the feeling
among merchants and bankers as to the
prospects for fall trade, and at all points,
with very exceptions, there is a growth
of confidence in revival of demand DUR
ing the autumn months.
From the Baltimore Herald
The commercial and financial situa-
ton has, in the past week, still further
improved, and indications on all sides
point to slow but sure return to normal
conditions. The gloom for some time
overhanging the industrial world is
gradually disappearing, and, though
quite a number of manufacturing estab-
lishments are still idle, many have re-
sumed operations and reopened his former
channels of livelihood to the wage-earner.
The number in the past week probably
more than offsets that of newly suspended
mills, and with the cessation of currency
trouble the early revival of manufacture
on former scale may be looked upon as
certainty.
From the Springfield Republican,:
The panic, with ell its threats of fur
Their trouble, would appear to have been
left we'll behind. Improvement has been
apparent in all directions. 1t was marked
at the beginning of the week, and more
evident at the close. Reports from most
of the chief markets of the country are
that q hopeful and even buoyant feeling
has succeeded the spirit of hopelessness
and depression so prevalent in the last
month and half This is an all impor-
tant change, and carries the sure promise
of speedy recovery. AS in physical all
ments, SO here, courage and confidence
are more than half the battle.
From the Philadelphia Inquirer:
The strongest proof of better public
sentiment is found in the action of the
savings banks depositors, less than 20
per cent. OF whom have insisted upon the
payment of their deposits which they
were SO clamorous to receive one and two
months ago. Finally, prices have shown
a decided tendency to advance from the
| low level they had reached. The foreign
trade continues quite satisfactory, the
| imports at New York IN August having
decreased SIG, 900, 900, or SO per cent. ),
while thu exports have increased s., 800, :
| 900, or IL per cent. The wheat shipments
| are large, aggregating 5,092, 800 bushels
for the week, slight gain over the pre-
ceding week. while the corn shipments
were l, 116, 300 bushels. also slight gain
Since July 1 the exports of wheat have
been Il, $685. $40 bushels greater than in
the corresponding period of last year, an
increase of almost so per cent.
These are but few of the encouraging
comments OF the eastern press, but they
indicate the tone OF public feeling and
ought to be encouraging to the people and
business Of the west.