Brighter Outlook

IT URINGS RELIEF. Chicago, Aug. 12. - A tour among the banks, large merchants and grain and stock commission houses discloses the fact that a very much better feeling preTails. The opinión is expressed on e very hand that the turn in the lane has been reached and that confidence is re turning. E very body is talking in a more cheerful way and the situation is unquestionably improving. BA.SED OS FACT8. The changed tone from gloom and discouragement to buoyancy is not sentimental. It is based on substantial foundation. Conditions have changed. The balance oí trade, instead of being against us, as it was up to July 1, is running strongly in favor of America. Instead oí drainlng this country of its treasure to pay trade differences the old world is sending millions upon millions of gold to America in payment of wheat, corn, hog product, beef and 6ecurities. Over f30,000,000 in gold has started from Europe since the iniddie of July or is under engagement. The national banknote clrculation has increased $20,000,000 since July 1. These are the big general faots that tend to a restoration oí confidence, not only in a broad sense but locally as well. I.OT8 OF OOI.D COMINO. The gold that is coming to America has already loosened the machinery. Chicago will receive not less than $5,000,000 in gold direct within the next two weeks, to say nothing of what may be set aiUiat in the meantime. An infusión of that amount of new capital is an important item to the community. It repfesents a measure of relief and a change from unhealthy congestión to the beginning of a restoration to natural conditions. The change means a great deal to Chicago. It means the marketing of grain and meats to the value of $30,000,000 and the release of that amount of dammed up cash for employment in the country for the handling of the new erop. It means easier times for the merchant, the manufacturer and for the men who are engaged in carrying property in all its forms, from the producer to the consumer. It means the liberation of a large amount of tied-up capital. COMISO OUT OF VAÜLTS. One of the features that distinguish returning confidence is the reappearance of money that has been in concealment im safety vaults and other secret places of deposit This phase of affairs is already noticeable. People are bringing their hoarded funds into the light again. The money is going into cheap property, and the display on the bargain counters is less formidable. A great lot of money is going into cheap stocks, cheap bonds, cheap grain and cheap provisions these times. NEW YOBK FEEL8 EASIEB. New York, like Chicago, is working into an easier frame of mind. The early arrival in that city of a great lot of gold is beginning to be discounted. Friday a goodly sum of "time money" was offered publicly. This is the first time that has happened in months. Cali money could only be obtained by special dispensation, and now for time money to be offered on the jparket fairly takes away the breath. ltsavors of a return to better times without delay.