The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1893-12-02

New York Aerald
The night Of panic arid disaster is past
and the rising sun OF prosperity begins
to eiia the horizon.
II IS nolszt day BY any means. but Il Is
dawn, and myriad Of busy workers
with brain and hnnd are inspired with
new hope ana courage
From al parts or the country cur corr
respondents send dispatches OF an opti-
nistie tenor touching tae outlook Tor
manufacturers and trade, and In the views
OF local merchants. manufacturers and
bsnkers whsch we presen, this morning
there Is q similar note Of cheer
Eyer since the repeal 81 the Sherman
law assured the country % sound cur
rency the people have taken new heart
and the tendency OF business has Inn
proved. Although the tariG agitation Is
temporarily dlsmrbing s.smult. there is
a growing belief that the changea in the
law vii 90 made cautiously ana eonsery-
atively, and in tala conviction many man
utacturers have 5liready resumed opera
tons, while an ARMY Of others are pfepar-
ing to do 40 ae soon as congress shall
settle tue question and les tusni know
ilat what they axe 10 expect,
The sale ol e., OtO.Ogp worth OF cotton
goods at auction In THIS city iust week AZ.
better prices than were eNpetteti has
given a notnble stimulus to tho trade in
that class Of comm dltSeS- IN WOOL the
safes OF raw material for tie lask week
have been larger than at 8ny time for
more than u year past anu IN various
other lines there are eyidsneas of revip-
Ing activity The dispatches from the
New England manufacturing ceuters are
particularly encnuIAHtng and Southern
enterprise appears 80 be Awakening with
States, which were to be ruined by M
repsal ot the sherman Jaw, are LOOKING up
AMI declaring tiiat they have u boom
ahead Improving Of IS confidently ex-
pecica 20 improve IN the near future,
Even where actual conditlons are stili
dhNatislootory there are Indications thAt
encouraged 10 stand fast and mike ready
that are at hand.
For mere iaAn half year. since the first
symptoms ri the panic Became appar-
ont, the country has been pinchng ana
striefei' While nsoanetsa has a9 ,s 49, q. "a q
standatlli because Of the financial crisis
even the wealthy have refraiued rrsm
h,aas,ea their supplies and worn ont their
Old S.osacss and now. with tlie return OF
c0nAdence. there must soon be such
wheels and factory srlndias turning I'd a
merry pace, Railwav traffic nsusiiv ftir-
nlshes fair infection OF the condition
and one or two other roads that depend
tArGely upon the iron Industry are maxi
lIlb IN uftistSpf{khiGl SHOWING, the vast MAJ
1orty pf lines report earnings that ara
only about per cent smaller then they
We're q year ago. before the panic had
struck the country. Now that thorongh
condolences In the currency has been re-
stored and hcArded money has been "a.
leased ll,l there Is plethora q icsnabie
funds AZ the service Of merchants and to
push new enterprises The associated
eii!zs q this city alone now hold more
ie IA, of'00o0 q surplus funds
This, Of course, rejects the general
stagnAuon In traSle and speculation that
follower the panic; but here too. there h
and that the gitnatiun Is IMPROVING. IJnfil
now tlie weekly bank STATEMENTS have
reflected 4 constant accumulation OF idle
funds without any Increase IN The item
ot loans Anparently. nobody was dping
efoiieh business To induce him 10 bairov
fnrncy Last S1turday's atatenent, how
e2er. shows al expansion ar III rii1 on |
n t3at item. Wall street always qnlclS
p dlsce;n any Charge IN the drift of Al
sit'lfF, ssetfls % have last week. reaehcd !
inc c9Nclnefon That hnsiHesa was iYnnrov-
MS MS iT thcre was general advance IA |
ne price pf bonds and stociin In short
al tse Indications ohtniuaHie b cyerN !
iisrfstA.n point to 9opd times n tho moi /