Dakota farmers' leader. (Canton, S.D.) 1890-19??, 1915-04-09
SERIOUSNESS GAIN
AMERICA THRlvES IN WORLD
CRISIS AS OTHER NATIONS
FIGHT.
HELPED BY FOREIGN TRADE
Advance IL Felt From the Atlantic
to the Pacific-New York Stock Elk
change AboIlshes Minimum Prices
az Needless Defense.

Chicago. April 2.-Developments
along lines of industrial activities
throughout the United States were
reported In greater volume and over
wider territory on Wednesday than
at n time since the first squirt OF
business at the beginning Of the year.
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.
From the steel districts around Chi
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 n territorial extreme
and the gains in industries on the
Pacific coast marked the other.
The spirit of improvement In busi-
ness and the securities markets was
reflected throughout Chicago business
circles. Bankers and business men
concede strong evidences OF a sharp
revival in trade n finance. The re-
ports received by them from all quar-
tiers told of greater activities.
Brokers' Offices were crowded and
enthusiasm 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
the United States for practically
everything it can produce will bring
great prosperity to this country.
The immense trade balance OF near
1y $500. 600. 900 in favor of the United
States seems to tell the tale. Gold
commenced to flow swiftly into this
country 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
every description.
France has negotiated a loan of
$50, 00O, 900 In America, Germany a
loan Of $780, 600, 900. Great Britain is
arranging for $1,000 900 and Russia
is expected to come here for $25,000.-
900 or possibly $50.000,000
These countries are selling their Sc
cnrities in the United States and on
terms OF their sale the proceeds must
be kept In this country as a credit
against which purchases will be made.
These credits mean enormous sales OF
everything in addition to the stuff that
has already been taken from our
shores and for which payment has
been made.
One of the strongest evidences OF
the confidence American bankers have
in the present and future financial
position Of the United States was re-
fiected In the action taken by the New
York stock exchange yesterday, when
the governing committee abolished
minimum trading prices. These were
established ID q safeguard against
liquidation on December Is last. The
exchange had been reopened three
days before after being closed for sew
eral months because Of financial con
ditionis due to the European wal.
The reasons bf the committee for
a~bolishing the minimum prices we're:
1. Most ruling prices are far above
the minimum levels. making arbitrary
limits useless.
2. Gains In American financial at
fairs and foreign trade have removed
the danger of excessive liquidation.
AZ . result, trading on the stock ex-
change is restored to q normal basis.
the supervising committee of three on
duty since December IL has been dis
charged. and the governing committee
again Is in control.