Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1904-09-21

y
cepting the Democratic nomination for
Vice President:
THE APPREHENSION WHICH
NOW PREVAILS IN BUSINESS CIR
OLBS AND TIE PRESENT UNSAT-
ISFACYToRY INDUSTRIAL COMB
TIONS OF THE COZ NTRY, SEEM
TO DEMAND \ POLITICAL
CHANGE"
When Mr. Davis said this, his acute
wish to Ice the Vice President of the
United States through the success in
November Of the great party of calam-
ity. must have been the glad father to
this thought about apprehension in busi
ness circles" and unsatisfactory indus
trial conditions"
The accumulation by Mr.. Davis Of an
enormous fortune. 50 that he is now con-
sidered the richest man in West Nir-
GINA. would naturally lead Ia the sup
position that he must he ia touch with
conditions ia all brunche~ Of trade and
in the great markets Of the country. and
therefore ought not to show gross i=uor-
ance of developments in the business
world, such as his speech of acceptance
showed.
More Prosperity for Davis.
lake the ttflt INDUSTRY ItE ttNthittt's
out of which MIR. Davis has secured the
most of his vast riches. and on which
he ought to be specially we'll posted
What is the present status of this in-
dustryY Does it reflect apprehension in
business circles? Does it show forth un-
satisfactory iRiG~tral conditions? The
Black Diamond, 4 ie,ssl'ng organ Of the
coal trade, in It's issue 1t Sept. ;, re-
viewing market conditions. says
General trade conditions pertaining
10 coal are more encouraging this week
than they have been ut any time within
the past six months. Coal companies
which have beeu keeping their expenses
down to as low limits as POSSIBLE during
the summer are beginning To expand.
They are taking on new travelling men,
prep" ing to increase their advertising
an0 are making preparations which in
tica that they expect a large volume
of business from this time forward. This
confidence in itself is au indication Of bet
ter things in the coal trade. 1t shows
when it becomes general in the way it
has during the past fortnight that all the
principal factors iu the situation are
gauging the outlook from about the same
basis and that this is a conservative one.
HI tAF Hli IiiltlAbtt~ i4~t the SitttFNt
improvement has occurred in domestic
Goals Early orders are coming in quite
freely and mark IA difference rs compared
with the conditions which existed IA
month ago at this time
Mr., EckeIs Secures Testimony.
TIE Commercial National Bank of
Chicago. whose ~ssident. James II.
Eckels, is on the finance committee of
the national Democratic party and is
chairman of the Democratic State finance
committee Of Illinois, every year complies
a comprehensive report as to business
conditions in the Unit05 States. The
bank this year addressed inquiries to
every bank aud banker in forty-two Of
the leading cities aud towns Of the Unit
ed States. Replies were received from
l..42 Interior and city banks
These reports published Aug. Il. al
most without exception indicated that
the banks are we'll prepared to finance
the maturing crops The banks sum
mary Of the reports says: IN MANY
SECTIONS FARM LANDS ARE IN
MOST WITHOUT EXCEPTION
FARMERS ARE SAID TO BE PROS
Ferrous.
terror points Is satisfactory, and colec-
tons are reported rs good aS last year.
Panters report generally fair demand
tot money. but none reported an excess
sive demand Deposits now are station,
airy. but THE AGGREGATE
AMOUNT Or DEPOSITS HELD BY
COUNTRY BA&kS tT PRESENT
Is GREA1I ~ IN ENCESS OF THE
AMOUNT HELD ONE YEAR AGO.
AND ESPECIALLY 50 IN THE
SOUTH
Rise i'm the stock Market.
When there is apprehension in bust
ness" the stock market is always quick
tn feel it, and 20 discount trouble The
following review OF the recent course Of
the stoc, market IS taken from leading
financial paper:
There has seldom been a period in
stock market history when such impor-
taut net results have been accomplished
as during the month Of August. Aver
ago advances in August Of about nine
points have been added to average al
vaures in July Of about three points
There has been altogether 12-point
lift in the market since Judy /. and yet
this very important appreciation has been
too gradual and even from day to day to
have aroused much public interest.
Nearly every day during the last few
weeks the stock market has made new
high records for the year. But the adj
Nances have been uon-sensati0nal. There
has been nothing a all pyrotechnic about
them-nothing Ga suggest that as the
rocket shoots upward 50 will rhe stick
strike mother earth with a thud
IL is the aggregate of small investors
who have lately been keeping quiet but
saving wood that has given the market
its higher impulses. The big upward
Movement in stocks that was predicted
fo, after the elections has consequently
been rather prematurely forced Ii has
come too quickly and quietly for either
the public ar professionals to get in at
the start and on as important a scale IA
would have caused m early large accu-
mutation Of profits The market has
steadily gone MP he"8uSa quite a large
number If investors, with only their
common sense to guide chem, have CON
cluded there was no reason for apprehen-