The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1894-01-19
nm nus1NEss OUTDOOR.

From conservative and independent
SOURCES OF information comes the same
story OF slowly but surely returning
prosperity. The Review, published 10y
Dun's Mercantile Agency. say in its
number for Jan. -:
business has distinctly improved
since the new year came, aud the gain
is no longer visible only in speculative
markets. Il is the only kind Of i'm
provemeut that has in it possibilities Of
lasting, because it is based upon actual
increase in the production by industries.
As all rejoice TO see it. there is perhaps
a little disposition to reckon the gain
greater than it is as yet, but several
large establishments have started with
part force, hoping TO increase, and more
smaller works have started than have
stopped"
The Bradstreet agency say in their
last report:
special kilograms from leading trade
centers to Bradstreet's bring evidence
not only OF much that is encouraging
regarding the outlook. but that the tide
has actually turned 1t appeara beyond
question that the depression in indus
trial and commercial lines has for sope
time been at low ebb, and that a move
ment in the direction Of an expansion Of
the volume Of business has appeared.
The pendulum which swung in one di-
rection from May last year until 1894
should ION be seen swinging in the op-
posite direction, and BrRdstreet's points
as evidence Of that fact to the increase
OF 81 per cent In the production Of pig
iron within three months, 10 an excess
Of deposits over payments at some Of the
largest savings banks in the United
States, and to assumptions Of work at
industrial establishments in all direc-
tons (even though with lower wages
aud on shorter time) as contrasted with
the epidemic OF shutdowns prevalent a
month and more ago. In addition there
is direct evidence that the tide is rising
at various points"
Henry Clews & Co, in their circular
for the current week, bear similar testi-
monY They call attention to the low
stocks OF goods held by the wholesale
merchants and give it as their careful
opinion that "there must be an imme-
diate considerable resumption Of pro
duction; and that such resumption, il
conservatively adjusted 70 the demand.
can be undertaken with a reasonable
prospect OF proht-for the relation OF
supply and demand is entirely in favor
OF the manufacturer This conclusion
is borne out by the process OF resul p
ton OF work IN iron works, IN textile
factories and IN their industries. which
is becoming more marked every day
This resumption is also evidence that
manufacturers have as last reached a
point at which they can approximately
estimate the conditions M which they
Will be placed under the new duties,
and that consequently they feel 10 safe
10 undertake production 20 an extent
compatible with their being O. be TO con.
troll prices leaving the ultimate rate OF
output to be determined rs the now
duties finally established by congress.
This puts a more hopeful aspect upon
the prospects OF labor, which is now SUI
ferng from id.eness and has lost much
Of Is purchasing ability. Ia THIS mat
ter also there has becn ~ exaggerated
MISREPRESENTATION. Estimates have been
published of an extent of unemployed
labor which even largely exceeds the en-
tire number OF operatives employed IN
the trades referred CO.. The more exact
inquiry has been instituted the more il
las become oyidl n that the estimates
Of unemployed throughout the coun Try
have been exaggerated DO many cases
twoiold or even thrco'o.d. These are
discoveries of fact which are calculated
to produce !uster conception o. the
real condition Of business affairs. Wall
street observers h4vo ga eye upon this
process Of correction % estimates, and
there are those who look at it az the oc-
cas.on for an early restoration Of conf
denco and q revival of activity on the
stock exchange
FOR MORE sErTLEH..