Evening journal., 1893-11-27
BRIGHT DAYS DAWNING.
Mill Wheels Are Turning Mer-
rily Once More.
BETTER OUTLOOK EVERYWHERE.

New England's Industries Are Active, and
Reports of Increased Trade Come From
All Parts OF the Country-Minions Ready
For Investment.
NEW York, Nov 27.-The Herald today
prints a page Of dispatches mainly from
eastern states telling Of the revival OF bust
ness and says: The night Of panic and dis
aster Is past, and the rising sun Of prosper
ity begins to gild the horizon. IL is not
yet day by any means, but Il is dawn, and
myriad busy workers with brain and
hand are inspired with new hope and cour-
age. From all parts Of the country our
correspondents send dispatches of an opti-
mistic tenor touching the outlook for man
ufactures and trade, and in the views of
local merchants, manufacturers and bank
ers which we present this morning there
is a similar note of cheer.
Ever since the repeal Of the Sherman
law assured the country of sound cur
rency the people have taken new heart,
and the tendency Of business has improved
Although the tariff agitation Is temporari-
ly disturbing element, there is a growing
belief that the changes in the law will be
made cautiously and conservatively, and
in this conviction many manufacturers
have already resumed operations. while an
army Of others are preparing to do 80 as
soon as congress shall settle the question
and let them know just what they are to
expect.
New England Mills Running.
The sale OF S2,00OOOO worth of cotton
goods at auction in this city last week at
better prices than were expected has given
notable stimulus 20 the trade in that
class Of commodities.
In wool the sales of raw material for the
last week have been larger than at any
time for more than year past, and in va
rious other lines there are evidences Of re-
viving activity.
The dispatches from New England man
ufactunng centers are particularly encour-
aging. aud southern enterprise appears to
be awakening with renewed vigor. Even
the silver producing states, which were to
be ruined by the repeal of the Sherman law,
are looking up and declaring that they
| have n boom ahead. Even where actual
conditions are still unsatisfactory there are
| indications that the tendency is right, and
men are encouraged TO stand fast and make
| ready 10 take advantage Of the better times
that are at hand.
For more than half year, since the first
/ symptoms of the panic became apparent.
the country has been pinching and econo-
| MIXING. Consumption has been restricted,
| while production has been Mt a standstill.
/ Because of the financial crisis even the
wealthy have refrained from making pur-
chases. The people have exhausted their
supplies and worn out their old clothes,
and now, with the return OF confidence,
there must soon be such a general replcn-
ishing as will set the mill wheels and fac
tory spindles turning at a merry pace.
Millions Of Surplus.
Railway traffic usually furnishes a fair
indication Of the condition Of business, and
while the Pennsylvania and one OF two
other roads that depend largely upon the
iron industry are making an unfavorable
/ showing the vast majority OF lines report
earnings that are only about per cent
smaller than they were year ago-before
the panic had struck the country.
Now that thorough confidence in the cur
rency has been restored and boarded money
has been released, there is a plethora Of
| loanable funds at the service of merchants
and to push new enterprises. The asso-
cated banks Of this city alone now hold
more than $40, 100000 of surplus funds
| Wall street, always quick TO discern any
change IN the drift Of affairs, seems TO have
last week reached the conclusion that bust
ness was improving, for there was a general
advance in the price Of bonds and stocks
In short, all the indications obtainable in
every direction point to good times in the
not distant future.