The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1893-08-19
BRIGHTER OUTLOOK.
Incoming Gold Helps to Restore
- Business Confidence.
Marked. Change for the Better Both
IN the East and West-Hoarded
Funds Coming Into Circu-
lation Again.
/: 1T BRINGS RELIEF.

CHICAGO, Aug. IA tour among the
banks, large merchants and grain and
stock commission houses discloses the
fact that a very much better feeling
prevails. The opinion is expressed on
every hend that the turn in the lane
has been reached and that confidence
is returning. Everybody is talking in
more cheerful way and the situation
is unquestionably improving.
BASED ON FACTS.
The changed tone from gloom and
encouragement to buoyancy is not SEN
tilnental. 1t is based on substantial
foundation. Conditions have changed.
The balance of trade, instead of being
against us, as it was up to July l, is
running strongly in favor of Amer
lea. Instead of draining this coun-
try of its treasure to pay trade differ
ences the old world is sending millions
upon millions of gold to America in
payment of wheat, corn, hog prod
ucts, beef and securities. Over
s3o,00O,O00 in gold has started
from Europe since the middle of
July or is under engagement. The
national banknote circulation has
increased 100000 900 since July 1.
These are the big general facts that
send to a restoration Of confidence,
got only in a broad sense but locally
as well
LOTS OF GOLD COMING.
The gold that is coming to America
has already loosened the machinery.
Chicago will receive not less than
S., 600, 900 in gold direct within the next
two weeks, to say nothing of what may
he set afoat in the meantime. An in
fusion of that amount Of new capital is
an important item to the community.
It represents measure of relief and a
change from unhealthy congestion to
the beginning of a restoration to
natural conditions. The change means
IL great deal to Chicago.
It means the marketing of grain and
a1eats to the value Of $50, 900, 900 and
the release of that amount of damn ed
up cash for employment in the country
for the handling of the new crop. 1t
means easier times for the merchant.
Nhe manufacturer and for the men who
are engaged in carrying property in all
it's forms, from the producer to the con-
s1Aner. 1t means the liberation of a
large amount of tied-up capital
COMING OUT OF VAULTS
One of the features that distinguish
returning confidence is the reappear-
arce of money that has been in con-
cealment in safety vaults and other
secret places of deposit. This phase Of
affairs is already noticeable: People
nre bringing their boarded funds into
the light again. The money is going
into cheap property, and the display
OH the bargain counters is less formid-
able. A great lot of money is going
into cheap stocks, cheap bonds, cheap
grain and cheap provisions these times.
NEW YORK FEELS EASIER
New York, like Chicago, is working
into an easier frame Of mind. The
early arrival in that city of a great lot
of gold is beginning to be discounted.
Friday goodly sum of ''time money
was offered publicly. This is the first
time that has happened in months
Call money could only be obtained by
special dispensation, and now for time
money to be offered on the market
fairly takes away the breath. 1t savors
Of a return to better times without de-
snv