The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1897-02-19

lady lEitl 10 n ANNilftAA hifNi VIII W "li
probability amount during the year 70
.D0O. 900 additional tons thSi would Mt
otherwtse take place. and. 40 ai least
90 per cent of the preSen; low Drleg
~ steel rails VIII 80 10 tbe labor, Il
VIII necessarily give a. great stimulus 10
H. The good en~a. therefor" of the
movement In iron which this low price
for rails must necessarily chuse. to-
gether With the large Hales Of print
cloths nt Fall River, cannot b. Oyeresti.
matsd. After ~ prolonged o sdspresslOn
In fip c0untry-busine5s having been
reduced To- n hand-to-mOnth cbsracter
these special improvements cannot
fail 20 lead "a wholesalc transactions In
ali other channels. This 10 the nrst
step, after panic conditions. before a
revival OF prosperity fairly starts IN.
HiRory invariably repeats iiself, and
the signs ARE no, lacking that good
times arc nov fairly on the way. There
remain but fourteen full working days
betNc.ai now and the fourth Of March.
when the old regime will give way TO
The new. This should AFFORD sense
of great relief TO all business men. con
sldering the disastrous conditions Of
IN. past. which have been due 10 the
domination Of Washington over trade
and commercial interests more than 10
any other one cause.
The tendencies toward recuperation
In financial circles though favorabiy
affe-c,e-l by the improving signs In GER
tain trades, are al the moment most
Influenced by the more friendly dispo-
sltion towards cur securities shown
across the Atlantic. Following an easy
setillng day In London, there has been
a revival of orders from that market.
especially for railroad bonds. This de-
rand for long investments, rather than
spe.ulatlye st0cka shows that careful
r,nglish investors are getting over the
sharp disirust inspired By the ante
election excitement and are taking on
a more hopeful feeling as 10 the future
of our politics and securities, Also
there IA evidence that the arbitration
trclty. by affOrtilng promise OF more
fr4eoAly relations between the two
countries. Is inducing a freer inclination
TO take our Investments The disposi-
ton which ] have previously noted OF
Germans 10 return to this market has
received frNsh illustration this week In
further lnapou1ans orders from Berlin
1'h.sa, facts are Illustrations Of tend
.ncv. We, only IN It's beginnings, toward
IN, r,,covery of our los, position among
the great investing nations OF Europe
lOnly one important uncertainty re-
mains 20 prevent that tendency deVei-
n,,nr into very important results
namely. the placing Of our currency
unon a thoroughly sound basis, But as
IN. sentiment OF congress develops the
prospect becomes more encouraging
that In this matter large and solid
amel,orations viii be ultimately accom-
plishei
In the foreign exchanges there are
no new developments. There has been
quite an appreciable supply of bills
against exports OF securities TO Berlin
and London. but the demand has sur
aced TO take them without rates oe-
ing affected. The process Of hIuidailnS
the large amount of export bills held
back for temporary investment Is
steadily proceeding, the amount sun re-
meinlng To he sent forward for coiiec-
,ion being estimated at about S-o'oVV'-
600 The course Of the import@tions OF
merchandise at this port continues To
indicate a continuance OF the recent
balance OF trade in favor of this eoun-
try. From the beginning OF the year
to February 5th the imports OF mer-
ohandise amounted TO Si5,SOO,VOo against
ssI. 400. 600 for the same period In 1870
showing a decrease of sl9,2oO,OOO within
Ave weeks: in the gain Of exports over
those of last year there is however
"A very marked increase'
HENRY CLEWS.