The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-07-31
SSMll~
Daily Eagle
NJ. NJ. MURDOCH, Editor.
ENCOURAGING CONDITIONS.

ENCOURAGING CONDITIONS.
- With few exceptions. no man in the
United States is worth one-hall
what he was five or ten years ago
That Is his possessions and holdings
will not bring more than half as much
cash, if even that much. The shrink
age of values has been widespread.
Nothing has escaped save gold. The
exceptions admitted are the men who
have had to do with gold Corporate
prVpperties and individual holdings have
all fallen beneath the malignant grind
Of adverse wheels Few productions
of labor even have escaped the dock
age. whether of field or factory, shop
or mine. But a reaction is dlscernaDie
The sky is less lowering. Many inter
ests show a renewal Of life, II faint,
still a revival. Here and there are evil
dences of renewing energy. The hrsf
great interests to show that they were
being squeezed were railroads their
stocks, bonds and securities Railroad
stocks, because Of reduced earnings and
inon-payment of dividends, then of tx
ed charges fell to be almost worthless.
SO railroads are the FIRST among the
great interests 10 indicate a turn IN
the tide. Since William Mckinley was
sworn in the standard railway stocks
of this country have risen in value. as
shown by the market quotations. S26Is
257 600 fss,s unmarked appreciation
and back ~ II must he the business
warrant
But railroads are not the only interest
taking on new life Being great and
being directly and quickly affected by
every general change of condition they
are possibly the best meter OF measure
for recording existing financial and
commercial conditions But a few days
ago the New York World asked for
opinions from the chief executive
of the various. representative CONNER
cial bodies of the country as to the
present condition of business. Replies
from every quarter of the country
were received. The president Of the!
Chicago Board Of Trade telegraphsd
that there was a marked Improvement.
IN nearly all lines of business. IF, u
lie said, prices of agricultural prod \
ucts continue TO improve as they areN
likely 10 do, we shall have real pros
rerity." They have continued To Inn
prove.
The president OF the Boston Chamber
of Commerce predicted = steady i'm
pr0vement in all directions for the next
six months One Of the directors of the
Boston Chamber of Commerce DETECTED
abundant evidence of improvement
everywhere.
The president Of the Atlanta Cham
der of Commerce telegralIiRed that there
are now more people employed in his
city than at any time in the past. The
factories there are all in operation,
crops of all kinds are more promising
than usual, while the clearing house
shows weekly clearing of 20 per
cent.
The president of the Merchants Ex-
change in st. Louis informs the bust
hess world that trade is increasing
daily. Bank currencies show a steady
gain while the prospects of abundant
crops We've never hetter. He predicts
that hard times will be but 4 memory
md that very soon.
The president of the Detroit Board Of
Trade sees for business only bright
prospects. and so does the secretary of
the kansas City Board Of Trade. The
president of the New Orleans Board OF |
Trade sees n promising outlook. basing |
lis judgment on the good crop pros |
poets.
The vice president Of the Omaha |
Board of Trade telegraphed that there |
is a visible improvement in several |
branches at least. The president Of the |
SiSfN ohdA1DCt vi
not expect the same prosperity we had
an 1892 to suddenly Ieappear, but he be-
lieves that steady return is cerrain
and that the prosperity will he pe1man-
ent
The president of the Nevada bank OF
San Francisco telegraphs That all
branches of trade and finance show an
upward tendency. Farmers and fruit
growers are receiving good prices. He
Fees in this renewed assurances OF re
turning prosperity The president of
the Milwaukee Chamber OF Commerce
states that there is every indication
that the business situation Is improv-
ing
These are messages from Representa-
1--we business men who are ia touch
with the business pulse When they
speak they speak by the card
SWEET ARE us USES.
The adverse times OF the past four