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THE FINANCIAL REVIEW.
Rnival That Seems to Indtoate a More Ative Markit 1Up.w. ward Movemoptit The Favorble OCharacter oftSunt tness Done 1' the Ital. roads .eistla . Confidence tresngthened by the Reports of Deereseed Pailuyes-Polittu Net, Detrimental to Buslness. New Yoar, Oct. 11.-[Speeial.]-The last circular iUlaed by the banking bhoUt of, Henry Clews .& Co., 11, 18 and 15 - Broad street, and 85 Wall street, dayst Those who have been so long waiting for the moving of the market have at last been gratifLed. Without any apparent concerted- or-other. wise speolal effort, a revival has set in dur inn the past week whioh.Hsems,to indiate the beginning of a more active market and an upward movement in prices.. ,It is true the change was most conspicuons sin the stocks controlled by wealthy eombinations; but the thing to be noted was the ready ro sponse of minor and even oatside oper ators, so that the recovery has beet felt in pearly every stock on the list. The activity was also stimulated by the prompt rush of the "bears" to cover their "short" con tracts. The spontaneousness of the move ment has even taken the "bulls" by eur prise, and is on both sides of the market construed as an emphatic expression of a stronger undertone than had been sup posed to exist. The reports of the corn crop having es caped the danger of frolt and of its having improved in condition during the last stages, and also of the favorable auspices under which the planting of winter wheat has been accomplished, and also the uni formly ensouraging aspecte of the fall t, ade,-these seem to have been the main causes tending to bring out this expression of the underlyinq hopeful feeling. The generally favorable character of' the busi ness of the railroads during September has also had its influence in the same direetion. The publication of the returns of failures has confirmed the feeling, entertained with misgivings in some quarters, that the trade of the country is in an even exceptionally sound condition, which also has helped to strengthen confidence. It appears from Bradetreet's returns that, for the past nine months, the amount of liabilities involved in business failures within the United States amounted to $77.000,000, while for the same time of 1891 the total was $138, 800,000, showing a decrease, within the twelve months' interval of 44 per cent. In New York city, the liabilities, for the same months, have fallen from $15,700,000 last year to $6,400,000 this year, or at the rate of f59 per cent. In no year since 1882 has the amount of liabilities been so low as at pres ent; and, making allowance for the increase of population, the ratio is even much lower than in that exceptional year. Taking an average of the last ten years, the average amount of failures, within the flrst nine months of the year has been $107,000.000; which is $30,000,000 above the experience of the current year, making no allowance for an increase of nearly 80 per cent in popula ti~n during the interval. The losses of the south incident to two years of excessive crops of cotton had prepared us to expect a very unfavorable showing from that section, and yet there the amount of failures has been only $11, 100,000 against $24.900,000 in 1891. In the depressed Pacific states we should have ex pected an increase of failures, and yet the liabilities there show a slight decrease upon last year's. These are most encouraging facts; the more so because they admit of no gainsaying. It is also a gratifying fact that the rail road statisticians estimate the construction of new railroad for toe current year at not exceeding 4,000 miles. Considering that, within the past decade, there have been years when the construction has reached three times that mileage, this is a most wel come evidence of the conservatism that at present controls this branch of enterprise. What may be forthcoming in future years it is impossible to say; but it must be al lowed that, with this current ratio of new construction, there is the minimum of dan ger of the older roads suffering from the reckless competition of new lines for the next few years. Wall street may congratulate itself upon its almost entire exemt-tion from the politi cal diversions that have usually attended presidential elections. While our people take perhaee as deer and earnest an interest in the election of national offieoor and representatives as they ever did, yet that very earnestness seems to make them less demonstrative; and the new method of bal loting also has a tendency to discourage sensational methods of canvass. Elections are now devoted more to "educationaP' work and less to shouting and displays; and the change confers benefit equally in a more intelligent exercise of the franchise and in diminished interference with the proseou tion of business. Hence we no longer hear men talk of postponing their financial operations until the result of the eleotions has been ascer tained. Now Try This It will cost you nothing and will surely do you good if you have a cough, cold or any trouble with throat, ehest or loacs. Dr. King's New Dis)icoVery for consumption, conghs and colds is guaranteel to prve re lief, or money will be paid back. Sufferers from la grippe fouatd it just the thing, and under its use had a speedy and perfect re eovery. 'Try a seml le bottle at cur ex pense anid learo for yourself just how giood a thinc it is. 'I rial bottles free at ]t. S. Halo A Co.'s drug store. Large saze tifty eonts and 1. 8500 Roeward! Wewill pay the hbove reward for any ose ot k her ('oenplalnt, l)yapensia. Hiclk headaolhe, It i ectiofn,' ,ntitatintr or Cuotivones we etn arl, Oclrr witi, Wests aVegetable iPllsv i'lla, when the dirartionsr are stricty complied with. 'Ih'bey -re putrel] egetahb. air, nnevor falil to give ,ltis faction, itigar (' ,atrrI. LaIrao h,,xcs, coat lBoware of tountreita an[ imitatin,n. Th1 genuine sold by H. U. Parchen i Co.. Helsea A antl to it orilrtr o'f tie t'nitrd Htattrs circlrit c,urt fo, r 1h, lietri t ,,f Mo.i tittna. the intdnr ,geIOI Will roc,,. -it roied Il'Op.ptrilvl ffr heo taur chilra' of a on ,-hlalf illtrrclr. Ile livided) ill andi t, thie N1ibhr & ttrtl blald of chop. ritr lsar lilnlah,, in tie ,olluity of MoN'her, etate rf ,oletana, conuttinr-ig i, allil,rl. 1 l,ti00 h-rad of shei,-.. ale,, ant r,,rntjivid,' one half intern,' ie n n to till n t, an ll till tl o i'ntl yR )rtt er lloti ng t o I tl, i hll(l rtcrllly I alttllIIeI it, ,,ro ,,etit iterll th erwih, I) Lo f,'nrod lrtrl in thle Musselh.h-l all'y, oi nty of flttaen tllrer stettH Of Iltlclrltat. bhlntitlg to anti ir'n ill teonlltlli, Ii nitt, osid bu.i nese. tiie to tae rt-crinwtl. foillove: (ion all of thi rlrttreRty t e r:',lualtbo te tlrltltlrl'd i n lite ,1ololrlt lt-,o i.ilt Wi tr1 rItr(rlt'o l tutIor, nit,, crttiridrttll ont'-llrll inlteratet in the tiei at' rlf cli ,r nt, iltrltna liar,ltll ltrrrntlng ie to -si-l httltitt-ae, Ilt olir ILt; naiid alalt will bt. rl Oeitrrl upon call of tire larril itt "or' etitrath, 1,1. t arlt e tlesiring to mulintilonl:; all Iidi to is in writina. ecaldc. an each aCorr.lta:ietl ley a ctritllfd -ilistk for one tiotsandrt doll tr ~ ,4tIt,) olotrk t, Ire re turned if bhl is rir.ietl'lr'l lrta trl t ltyme-nt of ,eeart1 h bid, r rt f,'rfiture 'of at iert- i (t [i t ilfu llutl - llhti l erm i of lrlltt i t ift lli eathi, s oIsh tt w h asirrttcatr't to n t ith i errtt 1( a 'at ea drl,-nc b-, .l w hr e a ll l rt to t ' t vt ittt i r;. Ilrflcti 't tolitle unl rat lt i i, tilotir.i t, , ip - moutler t dtlue onlalid. i'ATIItihIK Kil i0Y, jiuIt NtiutOltal Ilatik Iuildiuth, intItt . MLott. PELTON System of Power. The only distinctively new and important development re lating to Hydraulic Power that has been made in the last half century. Adapted to all conditions and every variety of ser vice where a head of 30 feet or more can be obtained. 2,500 Wheels Now Running ALL CIVILIZED COUNTRIES PELTON WATER MOTORS, Varying from the fraction of I up to Ioo h. p. Un equalled for all light running machinery. Warranted to de velop a given amount of power with one-half the amount of water required by any other. S---NOTIGE ...... The great riccess that has attended the introduction and operation of the Pelton Water Wheel has led to many imita tions and some infringements of the various patents of this company. Intending purchasers are hereby warned that all such infringements will be vigorously prosecuted, and that the users of wheels so infringing as well as the manufacturers will be equally responsible. Applications should state the amount and head of water, power required, what it is designed to run, with approximate length of pipe line. Write for catalogue. Address, The Pelton Water Wheel Company, 1., 'iberty Street, New York. A San zrarnclsco Paper Would Form an Interesting Addition to Your Winter Reading. THERE ARE MANY REASONS WHY TIII.... WEEKLY EXAMINER IS THIE BEST PAPER IN THE WEST. 9,000 SPECIAL PREMIUMS VALUE, $135,000 SGIVEN AWAY It Is brimful of news from all parts of the world, and its Literary Department Is supplied by the bremoat writer of the day. In addition to its great news and literary features, IT GIVES TO EVERY SUBSCRIBER HIS CHOICE FROM TWO MAGNIFICENT WORKS OF ART, The Examiner's Art Album, Conslstingof eight beautifuil reproductions from masterpieses of the world's great est artists, the whole collection bound in a handsome bamboo leatherette case; Or a beautifut reproduction, in all of its original colors, of the famous hiLstorical painting, 22x28 inches, Columbus at the Court of Ferdinand and Isabella. And beside all this, THE EXAMINER will this year distribute among its subscriber, 5,000 Pre miums, aggregating in value the stupendous sum of $135,000. This is the fourth esauals distribu tion. and the list of premiums is larger and more valuable than ever before offered. Rememberthat these premiums entail no additional expense to the subscriber whatever. Tha 'are absolutely free. The cost of the WKEELY EXAMINER, together with these magnlaMet premium offers, is $1.50 ONLY $1.50'PER YEAR $1.50 Imt regular subscription price. Get the fuill particular, of this grand offer from the EXAMINER'.S $steen-Page Premium List, which we can supply to you, or you can procure one from your Post' laster or Newsdealer. Then, having considered tile matter,callon us and place combination sub. --iption for THE WEE.LY EXAMINER and your home paper, and so save something of sthe tk OUR COMBINATION: The Weekly Independent, - - $2.OO a Year. The Weekly Examiner. - - $1.50 a Year. And a Handsome Premium, All for $3.00 a Year. "THE INDEPENDENT," Helena, Montana. Cplital P'Iid is, 5.(dOO,OOO, * * * ALsets. OveIr sv;0,"o.e FOR ABSOLUTE SECURITY AND FOR 1~ROMPT PAYMENT OF LOSSES INSURE WITH THE Qkuardian Assurance ro., ....-OF' LO1TI O1'T.----.. TL F. LACIROIX, AGENT, flELF.NA. - MONTANA. MANHOOD RESTORED-n " .r,.. or sl.e· of 1 on na by n \ Pope el'cnor. 1 rasI ,le, 'l arseallredby loer n lllII. Ub 11~l|, 1 1 \',,lh l all| l al r us L e O.0V l ahI ar . l, , tIlu ,stlfs [,llUpl r :: I)l I)(It¥(,lll )l SO nrty | I s en it liklOt by ha stall |In 1.111, laUlltks~i, lalylll r" lltBI((Ra l'orl, b ,. a cur . I i. (Wlth ser'ry aU ordWser iatn i1rltllen llltr t o c1rn'S or r'elfld the nUne.se) UlPO I.R, A ]A T-- UBINO, t'lttl,+\ll l 'tlltt c, Aldrt . Ab l iea.( V bl'5 (1.).. (:lheaao , itt. b'or eat, in UsosIn. hlontana, bj'Opel st O1t'sunor, D)rulgsyiet, lilt.p iULook The New York Dry Goods Store. SPECIAL OFFERINGS THIS WllEEK. Ladies' Elegantly Shup 'd 80 UNBERWEAR. 80 Price $2 Per Suit. The Ladies' Underwear at special $2.00 per Suit this week ii a great offer. The material, a 1 soft fleece. The drawers: and vests splendidly shaped. The vest with half or long sleeve, suita ble for Autumn or Winter wear. BROCADE SILK. BROGADE SILK. lCelts BROCADE SIJ'. Cent 1 I We offer, by special request, Brocade Silk for 1 29c for 6 more days only. 'Tis a great sale, a pop ular price, a wonderful success. NEW YORK DRY OODS STORE. HELENA, MONTANA. TO I'HE fIR BOYS ANB GRIRLS: We will give to tl1 boy or girl obtaining the largest number of subscribers to THE WEEKLY INDEPENDENT, between now and the 1st of January., 1893, a first-class railroad ticket from Helena to Chicago and return, a ticket of admission to the Fair, and free board at a first-class hotel during the stay in Chicago. There are no condi tions attached to the offer except that with every name sent in the sum of $2 shall be remitted in advance for a year's subscrip tion. Names may be sent in one at a time as they are secured. They must be accom panied with the statement on the part of the sender that he or she desires to enter THE INDEPENDENT'S World's Fair contest.