Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-08-25
A HOPEFUL OUTLOOK.
Business Men Believe the s1tuassos %
Improvfng.

NEW YORK. Aug. B.-The Commercia1
Advertiser prints today a broadside OF opin-
ions upon the present commercial depression
gathered from all over the country. Most
Of these opinions are from men converssnf
with the condition Of trade in their varioas
localities. and Il is to the effect that the
worst OF the depression has been passed.
and the near future will see a decid I'd inn
provement In all the lines of commercsAl
and manufacturing business.
The president OF the Chicago board Il
trade telegrsphs that confidence there is re-
turning. There Is much less nervousness In
business circles. and much conserya tissu
charaeterizes all dealings.
81. Louis sends word through the preni-
dent of the Merchants Exchange that the
hnsncial condition there fs much improved.
BANKS continue TO pay currency. and are
trying 10 supply the legitimate needs -
their customers. shipping houses report
improved business Business men thee
feel generally encouraged.
The secretary of the Denver chamber ~
confidence in the solvency Of the suspended
banks, four of which have resumed pag-
ment- He attributes the depression to the
uncertainty of congressional action, ana
says there VIII be no prosperity In Colorado
or any wealth producing state until silver d
restored as money metal.
Brent Arnold. president Of the Cincinnati 8
chamber of commerce. takes a rosy view -
the situation. and says there has been =
steady Improvement I'm the past few days
and that the feeling is OF a decidedly more
happy character. He says that the worst ID
over. and that prosperity is slowly but sure
Pittsburg reports favorable condftio,
through George A. Kelly. president of the
are looming UP. and that currency is more
plentiful and premiums are but rarely paid
now. The banks are In good condition. and
no new clearinghouse certificates have been
linz xxfx,f<x A.
that the worst Is over.
Kansas City reports. through Edward ".
Allen. president OF the Commercial Err
change. that for the past three weeks the
condition there has been steadily improving
and will probably continue.
Robert Beckley, secretary of the chamber
most favorable condition from that citS'
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 a much better
sugar crop IS large and the corn and rfce
have a good average. Business men are
resuming the conservative policy, and that
II is their indication that they will soon
pass out OF the present trouble.
John L. Rogers. president OF the Baftt-
more Corn and Flour Exchange, takes a
less rosy view OF the situation. and thinks
that there will be no return OF conf1dence
until Congress acts and repeais the puf-
chasing clause Of the Sherman silver law.
James L. Pierce. president OF the Provf-
banks there are IN a favorable condition
and are able TO aid their customers Man.
ufacturers are carrying goods waiting until
the money market allows buvers TO give
orders. Currency Is a little more easy ana
there is no run on the savings banks. Pros
poets are good.
In addition there are published a larrs
number OF opinions OF prominent local
merchants IN various lines OF business
The prevailing sentiment Is that busfneps
has improved I'm the past week. and will
continue TO improve next week and % on.
Altogether the outlook is hopeful