Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1915-04-07
BIG: BUSINESS GAIN
AMERICA ;gTHRivES in raWORlD
RI CRISIS AS OTHER NATIONS
- t!5- ~ ~. FIGHT.
HELPED BY. FOREIGN TRADE.
Advance Is Felt From the Atlantic
;. to the Pacific-New York Stock Ex-:
change Abolishes Minimum Prices
( az Needless Defense.

Chicago, April 'Z.-DeVelOpments
along lines Of industrial activities
throughout. the United States we're
reported in greater volume and over
wider, territory on. "Wednesday than
at any time since the first squirt Of
business at the beginning of the year.
II Reports came from the Montana and
! the lake copper districts telling OF
/ the opening OF mines and smelling
plants that have been closed or, oper-
ating small shifts for months, and
also that wage advances were being
made among miners and other work,
ers. sSt Isl q
From the steel districts around Chi
2 cago, in Ohio, Pennsylvania, and else
where similar reports Of growing activ-
ity were heard Dispatches telling OF
increased operations in New England
marked the one territorial extreme
and the gains in industries on the
i Pacific coast marked the other.
The spirit Of Improvement In bust
ness and the securities markets was
reflected throughout Chicago business
circles. Bankers and business men
I concede strong evidences of a sharp.
revival in trade and finance. The Re
ports received BY them from all quar-
3 tiers told OF greater activities. NEE I.
Brokers' offices were crowded and
enthusiasm ran high as the stock
market advances seemed to presage
8 approaching business prosperity.
Bankers and business men say the
great demand the war has thrust upon
the United States for practically
( everything It can produce will bring
great prosperity to this country. N
The immense trade balance of near
8ly 5000 ,OO0, 900 In favor OF the United
Z States seems to- tell z the tale. Gold
commenced to flow swiftly into this
country and the only check was the
creation of huge credits here by the
4 powers of the, old world that are TAX
J ing our merchandise and products Of
every description. s.i 4,'' : z. =, ,.sz 4.
its France has negotiated a loan Of,
$50, 100000 IN America, Germany 2
loan Of $10,O00,0O0, Great Britain Is
arranging for 100000, 900 and Russia
I Is expected to come here for $25, OOO.-
900 or possibly $50, 00O. 900. ,s-ss. 4 n, a
These countries are selling their Sc
curities In the United States and on
terms Of their sale the proceeds must
be kept in this country as credit
\ against which purchases will be made.
These credits mean enormous sales OF
everything in addition to the stuff that
=, . al I~v.A h4a 20
shores and for which payment has
: been made. %,@ i:sli58t n n sst+s <, \: E
81: One OF the strongest evidences Of
the confidence American bankers have
I in the present and future financial
. position OF the United States was re-
$fiected in the action taken by the New
4 York stock exchange yesterday. when
\ the governing committee g bolishe ed
minimum trading prices. These were
established as safeguard against
liquidation on {December Is last. The
exchange had been reopened three
days before after being closed for sew
eral months because gof financial con-
%ditions due to the European war. w..
The reasons of the committee for
abolishing the minimum prices were:
t- 1. Most ruling prices are far above
the minimum levels, making arbitrary
limits useless.
g. Gains in American financial af-
fairs and foreign trade have removed
the danger of excessive LIQUIDATION. Z
AS result. trading on the stock ex-
/ change is restored to normal basis,
the supervising committee Of three on
Z duty since December IL has been dis
charged, and the governing committee
again is In control. VI: Vs. ~ ~