Show A PRESH ERA OF prosperity by the financial circular of henry clews A co bankers in new york we iman alint alie outlook for the general trade of the country is highly encouraging the merchandise markets are at the moment under going a temporary reaction in price alie natural result of the late sudden expansion of demand acting upon scantily supplied markets but the process of correction has already largely its work and this temporary check will be looked back upon a only an exceptional incident in a new era of commercial activity A similar prospect appears to await mol other countries countr iea with which we have intercourse they like ourselves have reached the end of reactionary kufs fering and are ready to apply the results of economy and of a severe experience to a fresh tart in alio race of commercial competition the necessities of excessive taxation and oppressive national debts the result of recent wars have compelled european statesmen to favor a conserve akiye policy and peace is secured by the fact that there is hardly a nation whose finances would permit it to go to war the motion just introduced in the british parliament favoring a movement for a general reduction of military establishments is a hopeful symptom of the tendency of european opinion on this question it would be impossible to have surer means of inaugurating a fresh era of prosperity than i afforded by the present promise of unusually abundant crops of grain and cotton cheapness in those fundamental staples although it might involve losses to merchants immediately affected by the change in prices would create an increased demand for all other commodities which would start the wheels of industry the world over while therefore the improvement in trade within the last twelve months is a matter for congratulation yet it may be regarded as being in all probability but the of an era of gen eral activity unequaled in the history of commerce |