Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1915-04-07
AMERICA THR|VES
: IN WORLD CRISIS
Business Advance Felt From At
Iantic to Pacific.
THRILLS THE STOCK MART
New York Exchange, Stirred TO New
Life, Abollshes Minimum Prices
as Needless Defense-5eloed
by Big Foreign Trade.

GmChkOt April S.--OSfelOpiHcANS
along lines of industrial activities
throughout the United States were
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.
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 we're being
made among miners and other work
ers.
From the steel districts around Chi
eago, in Ohio, Pennsylvania. and else
where similar reports Of growing activ-
fly we're heard. Dispatches telling OF
increased operations in New England
marked the one territorial extreme
and the gains in industries on the
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
cOncede strong evidences of a sharp
revival in trade and finance, The re-
ports received by them from all quar-
tiers told of greater activities.
Brokers' Offices we're 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 II can produce will bring
great prosperity to this country
The immense trade balance Of near
~ sG00000,000 in favor Of the United
States seems t. tell the tale. Gold
commenced to 1ow swiftly into this
country and the only heck wa8 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
S50000000 in America Germany a
loan Of 100000, Great Britain is
arranging for 100000, 900 and Russia
is expected to come here for s25.000,-
000 or possibly s50000.O0
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 mads.
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 flnan-
cial position of the United States was
reflected in the action taken by the
New York stock exchange yesterday,
when the governing committee abol-
ished minimum trading prices. These
were established as safeguard
against liquidation on December Is
last The exchange had been re-
opened three days before after being
closed for several months because OF
financial conditions due 10 the Euro
pean war,
The reasons OF the committee for
abolishing the minimum prices were;
Most ruling prices are far above
the minimum levels. making arbitrary
limits useless
2. Gains in American financial af-
fairs and foreign trade have removed
the danger of excessive liquidation
AS result. trading on the stock ex.
change Is restored to normal basis.
the supervising committee Of three on
duty since December II has been dis.
charged end the governing committee
again is IN control