The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1897-07-10

new tariff law, but because the natural
forces which control trade are moving in
that direction. There is everywhere a dis
position TO hold on to property in place
Of the inclination prevalent for several
years past to sell. The shrewdest money
makers in the country are seeking invest
ments. They are not liquidating. En-
forced sales are at an end. Here and there,
In spots, business records are ahead of
any previous reports for years past. Bank
deposits are increasing because the net
profits Of trade and industry are growing
and not because people are pulling idle
money out of hiding places and putting il
in banks.-Kansas City Star Qnd).
Improved Condition Of Trade.
There Is no doubt of a change for the
better; pessimists may doubt and parti-
sans may swear, but the first wave of the
returning tide Of prosperity Is seen and
felt. The failures during May, 1897, were
less In number than in any one of the
twenty one months Immediately preced-
ing it; the cash responsibilities of the
hrms and persons failing were less than
In any month since September, 1894. The
volume of business-meaning the weight
In tons or measurement by yards-of
goods sold in May, 1897, was equal to
tnat IN the phenomenal year 1892. But
the volume in cash was far less; we still
are In the era of ruinously low prices
rhat paradise Of "cheap commodities for
tne workmen" to which the Democrats in
vited us to enter, and into which. unfortu
nateiy, We did enter. And because the
prices of things that are sold are low the
wages of those that make them are low.
But there are not nearly 90 many idle men
In May, 1897, as in May, 1896. More
mills and factories are in operation now
than then. The demand for labor in
creases perceptibly. Chicago Inter Ocean
Rep). rs
Steady Gain In Business.
The gain in business continues. not
without fluctuations, and at the best mod
crate, but yet distinct. 1t is still in oman.
titles rather than prices, although in some
branches an advance in prices appears. but
on the whole the number of hands em-
plowed, the volume of new orders and
the amount of work done, are slowly in
creasing. Prospects of good crops OF
wheat and corn help; growing demand
from dealers, whose stocks gradually
gaining consumption deplete also helms
and in the money and exchange market
large buying of American securities ba.
an influence. Money coming hither from
the West even as late as June 10 Win
great crops near at hand, indicates n
healthy condition at the West. Indica-
tons OF the volume of business are seen
In clearing house exchanges. which for
the week exceed the last years 81 nor
cent, and in railroad earnings. which
amount in the United States alone 10
$54, iOS,9SI on roads reported by Dun's
review for May, 3.3 per cent larger tban
last year, and 3 per cent larger than in
lS92.-Washington Post Dem.).
Nearly Up to the stand ard.
The volume of actual transactions Ia not
In value a tenth smaller than n was IN
the years Of the greatest prosperity ever
attained In the United, States. altbou Oh
the volume Of payments now represents
much lower range of prices. This de-
crease, whether little more or les 4
greatly to be regretted, but Il IN NOT
paralysis. Whatever else NAV he vv,th
reason said Of the difficulties In the wav
OF industrial recovery, II cannot be said
that business is paralyzed when the earn
ings of all railroads reported for Nav ara
only 90 per cent smaller than in tbe sons
month Of 1S92.-New York Tribune
Rep).
Lumber Men Kncourared.
In the opinion of the lumber men. their