Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1915-04-07
INFR|CA THRIVES
N WORLD CRISIS
,r,iresS Advance Felt From At
IantiC to Pacific.
THRILLS THE STOCK MART
,... york Exchange, Stirred to New
lie Abolishes Minimum Prices
. Needless Defense-Helped
by Big Foreign Trade.

Chicago, April Developments
,r,,g lines of industrial activities
,,,Tpbout the United States were
.,,orted in greater volume and over
rider territory on Wednesday than
a. any time since the first squirt of
n;ress at the beginning of the year.
RsDOrts came from the Montana and
bs lake copper districts telling of
no oDpDing of mines and smelling
rsBts that have been closed or oper-
rfDg small shifts for months, and
,0 that wage advances were being
made among miners and other work
rs.
From the steel districts around Chi
sgo in Ohio. Pennsylvania, and else
7iere similar reports of growing activ-
a7 we're heard. Dispatches telling of
increased operations in New England
marked the one territorial extreme
md the gains in industries on the
Pacific coast marked the other.
The spirit Of improvement in bust
la@ and the securities markets was
rejected throughout Chicago business
drIes Bankers and business men
ulcede strong evidences of a sharp
E7ivaI in trade and finance. The re-
ports received by them from all quar-
EH told of greater activities.
Brokers Offices were crowded and
athusiasm ran high as the stock
market advances seemed to presage
approaching business prosperity
Bankers and business men say the
great demand the war has thrust upon
he United States for practically
HgFything it can produce will bring
great prosperity to this country.
The immense trade balance of near
! SQOeOO,0O0 in favor of the United
States seems to tell the tale. Gold
commenced to flow swiftly into this
ag1tTy and the only check was the
CREATION of huge credits here by the
powers of the old world that are TAX
ing our merchandise and products of
very description.
France has negotiated a loan of
@e0O000 in America, Germany a
Aal Of 100000, Great Britain is
arranging for $1O0,OOO,0OO and Russia
expected to come here for $25,000,
oo Or possibly S5O,OO0,00O.
These countries are selling their Sc
'1itieS in the United States and on
eins Of their sale the proceeds must
's Kept in this country as credit
''alnSt which purchases will be made.
lleSe credits mean enormous sales of
eeFything in addition to the stuff that
las already been taken from our
@oTeS and for which payment has
been made.
Vue OF the strongest evidences of
We confidence American bankers
nave in the present and future finan-
0l position Of the United States was
,5lected in the action taken by the
new York stock exchange yesterday,
'asa The governing committee abol-
S1eo minimum trading prices. These
we're established as safeguard
'salnSt liquidation on December Is
.@~ The exchange had been re-
.55aed three days before after being
FUSED for several months because of
.lanclal conditions due to the Euro
Dean war.
Inc reasons of the committee for
'',"saIng the mipiml,rn prices. were;
b Most ruling prices are far above
ny minimum levels, making arbitrary
Units useless
- : ValnS in American financial af-
~ - ard foreign trade have removed
wy Danger of excessive liquidation.
d. AZ result trading on the stock ex-
.-'-se Is restored to a normal basis,
- supervising committee of three on
,g since December u has been dis
arg, ,s.sed, and the governing committee
'''ia is in control.