Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1909-08-17
RETURN OF PROSPERITY.

RETURN OF PROSPERITY.
The Commercial National Bank of
Chicago, through inquiries made of
some 1900 bankers and business men
through the middle west and north,
west, has prepared an elaborate state
ment of present business conditiins
and prosperity. The whole nature
of these reports indicates return
of prosperous business conditions and
the following statement is made,
based upon the views of thousands of
widely distributed authorities:
~ It is no longer necessary to speak
in cautious terms of faint and scat
tered signs Of industrial revival.
The evidence OF improving conditions
IS too abundant and conclusive to be
gainsaid. The movement has devel-
oped so rapidly during the last three
months, and now includes SO many
lines and has gained such momen-
tum that, with fundamental condi
lions all favorable, a relapse is no
of modern society are so inter-de-
pendent that starting the machinery
from a state of inaction is like start
ing, an eight horse team; it is diff
cult at first to get them pulling to-
gether, but when they have gained
momentum even the tagging men,
bers are swept into line and are
soon keeping step and pulling their
share of the load.
All of the signs that denote rising
prosperity and all the conditions pre-
cedent are at hand. The wreckage
of the panic has been cleared away;
the apprehensions which it aroused
have disappeared, and our people are
facing the future with an optimism
and courage. born of knowledge of
the wonderful resources If this coun-
goods and the country has grown up
to it's facilities and equipment. at
this opportune time to inaugerate
new era of prosperity comes the best
all-roundq crop ever produced in this
country = Mr. ,5 i ;5s s|,
Of the conditions in the great agri-
cultural sections in the northwest the
following report is made: III
The northwest has yet to harvest
its crop to the indicated yield Of
our correspondents. but the cutting
has progressed rapidly and over half
of the acreage is safe from blight
of heat or frost. "A year ago a dry
area hung over the western half of
North Dakota, a touch of the black
rust nipped the plant in the southern
counties, and the northern fringe
of South Dakota. In the critical
stage this year rust was threatened,
and conditions favored it's spread
but the changing moods of the wealth
er saved the best wheat crop Of a
decade. The government indication
of 31O,000,000 bushels in July was re-
duced to $4,000 900 in August by
too rapid ripening under continued
warm exposures. This rapid ripen.
ing has been the only drawback, and
that but slight. The crop has reach
ed its maturity early and escaped
the great danger of the northern part
Of the belt-frost The Pacific
Coast returns to it's usual large yield
though threatened awhile by the ear
ly summer drought, and though not
a record for that region, it is we'll
above the average.
While high prices were apparent
last summer and predicted in our
review, the return to the wheat far
mer this year will be, yield con.
al q q
grain has come to tie market at an
average price higher than last year,
when early marketings i'll the south
west were sold at Is 10 80 cents per
bushel and the early narketings this
year over the entire winter belt was
from 81 to $1.15. The price On the
farm now IS from So to 90. The price
will be fixed by the European de-
mand which this year will be sufh-
lent to take care OF all our surplus,
( which will not be in excess OF last
rear ais the rep1enishment OF stocks
will absorb a large quantity over the
normal consumption. Wheat will be
remunerative to the farmer, because
values are trending higher, and the
consuming public will be saved from
/. exhorbitant prices by the generous
y harvest. 45s5.. W ,s.:: s. 4. -,s / =
AS the Tribune stated few days
ago the real basis Of the country's
returning prosperity is the splendid
crop, which is not confined to any
one section, but Is being harvested
over the entire agricultural area.
The tariff agitation is out OF the way,
the last wreckage Of the panic Of
1907 has been cleared away, and the
year ahead III bright with favorable