The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1868-11-19
Money ana yYar,,.

EFonI the NetO Fork Bulletin Of Tuesday.
Without dwelling in detail upon the
causes of the pRnicky feeling and It's
abatement, 1t is Interesting to note their
effects upon the general trade OF the
country. Under the Influence of fha
scarcely OF currency. and the inability
OF banks to discount SO freely as usual
for their customers, prices OF nearly all
Kinds of commodities have declined
Il The most marked exception Is coal.
which has advanced under circnm.
stances that induce an apparently well
founded Impression that the present
rates cannot be maintained. But the
prices of most other articles have either
declined or the transactions are so dull
as to indicate the probability of a con.
cesslon of rates to meet the views of
purchasers, The first break occurred
10 breadstuffs. There has since been a
/ decllne IN cotton, groceries potatoes,
\ aud other articles OF general consumpI
| tions In dry goods the market ia evil.
IDENTIFY declining one. In fine. the in
dtcations point to general reduce
ton In prices. which, In due time, must
pr5duce an effect upon wages. Z ~
An approximation to normal prices
IS looked for in advance of a reduction
OF taxation and n return to specie pa W
msnts. But the general trade of the
country is gradually approaching a
condition that will render these obiects
h
duction of wages is essential to
healthy. trade and an extension of busi-1
ness. The reduction of the prices ofar.
ticles of general consumptlont is n step
In this direction. In the present state
ofthe merchandise. as we'll as the mon.
ey marker, the question Is forced upon
manufacturers whether they are war.
ranted In preparing stocks of sprinR |
goods at the present high cost of labor.
n review OF the whole condition of 1
nnAncs and trade s upiavorable to the |
experiment OF continuing operations
s1SSSept on reduction ofwages that will |
~ least in accordance with the anil
parentiy permanent decline of the mar. /
kets generally. r a. -
1he mere extension, of business nm.
ACCOM- Panieu by an enlargement of the |
1otulIe OF 1he currency, such as Is /
ent or the incoming adrnintstra1iSn
would alone contribute TO a decline
in prices. We have seen iI{t,,l y i
stringent money n1Rrke. led 10 q
decline of breadslutfs the psnSi /
precursor of q general fall Cd
progressing Enthusiastically, There are |
increased demands for capital for new |
Undertakings, IS we'll as for the devei. /
oPment OF existing Interests. In a GER :
tam sense the stringency.ofth the money !
mar ket IL an evidence of. the healthy |
ssSsls - ~, S u Ldoe. II WOuIu nave Deem /
out OF the power OF spectators to tie mn /
Ihe currency If there were NOT o general
domand for 1t for ordinary comfleFcIaIi
Purposes. The scarcity of money in thisl
CITY would have attracted Il from me /
tnterloF. But no effect OF this kind ms
.lLle, Meo, not only has no fnnds to any Il
considerable extent been attracted - L
the commercial capital OF The conntrv
put put the West and South look 10 NeS
oLS Tor the means to carry and trans
poEt their stocks OF breGdstufts and
Sossgn. we nave seen that the active
Sonpenlion for capital arising from in
creased production consequent 10 thai
Hs.l proven industrial condition of thet
country have already contributed'to 4
SS .s otpElaess and we are warranted
- ina! continuation OF the
~ ~ VIII produce their correspond |
ing influences. Wages and prices are !
'sSN,luentiy atthelr maximum, and a de-.
Sii NJ may now be looked for.