The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1871-01-06
Financial and Commercial.
PROgrEcrs ron rIEE MONgY A[AnkEl


The New York Financial OhWnicls Of
last Saturday says:
The question now is whether the spas.
mOdIc movements, by which the money
market has been lately so treacherous,
will repeat themselves next week, or
whether they have spent their force for
the present. There Is u growing belief
that there will bc abundant case In the
next month; but this opinion must be re.
ccived with some hesitation, It's adyo.
Gates polntto the large january dis6urse.
menLs for interest, and tothe cash return
Of currency from the South and West,
and they claim that these two causes Of
mOmentary case have already begun to
develop an increase Of financial conf.
dGnCG, ls was indicated In the uncXpect.
Gdly favorable character Of tho last bank
statement. But II must be remembered
that the return Of currency from the in
teriDr will not be early enough to have 4
very decided influence on the money
market in the immediate future, and from
the South We cannot expect largo re.
turn flow OF currency, inasmuch as VIC
have sent there 50 much less than usual
this year. Hence there Is no need Of cail.
ton in forming ones judgment rs to the
return Of financial ease, and II our mer-
camille and industrial ventures arc too
sanguine, disappointment is not unlikely
TO crush them, however carefully they
may in other respects be continued and
conducted. Ol this pOintwe may be well
assured. the money market for some time
to conc will be likely TO be more or less
under the influence " speculative manip-
ulatiOn, except Mr. Boutwell, will consent
TO give the needed elasticity 10 tue cur.
rcncY.
The Tribune OF Monday says: ur
The new year opens with more con.
tidGnt tone In tue stock market, and the
brokers have apparently been acting upon
antlCipatlons of improvement. II Is not
perhaps an appropriate occasion 10 say
anything adverse TO these rose.cOlOrcl
views, but II must not be forgotten that
1870 has been very trying year for busi.
ness men generally, and that 1871 must
have the relics ut least Of some disasters.
WC'cannOt recover from these nj once,
and Il is better TOR OUR security IN the fu.
turC TO brave the full force Ofour existing
troubles, to the end that cOnvalesccnce
IRON these disorders may he more com.
pletc and enduring. .I-
From nSM Y. 7IiHss Of Monday.
The New Year comes in with fair pros.
poets Of n healthy and gradually.in
ing general Trade, and while the business
Of the Old Year may not have been cnn.
Quoted more after the fashion Of the Anti.
War times on moderate profits, the
amount done exceeds the year 1900 ut
least u per cent, denoiing an increase
more than double the natural increase Of
population and prosperity through the
country ut least equal In the main to the
preceding year. The savings Of the year
by the laboring people Of the great cities
are greater than ever before, Il we take
the growth OF the Deposits In the Savings
Institutions as the test, while the wealthier
classes, who derive income nom Stock
Dividends and the Interest upon the
Public Funds and State and Railway
Bonus, were never moro favored nj tue
close OF the year than by the Dividends
now In the course Of payment
From De CIA. Commercial.
Men arc apt TO contrast these compare,
lively dull times with the years during the
war, when q tremendous stroke OF bust,
ness was done, and everybody was seized
not only with desire TO be rich, but I'LL.
ed with confidence that he would be.
We do not, however, escape the fortunes
OF other nations, and find the process ol
SOLDERING of less agreeable than that by
which VIC reached q stage OF almost bill.
arious exhileratiOn. Notwithstanding the
temporary dullness and depression, and
occasional III fortune, as q people VIC stand
on sounder footing than five years ago
and arc at the critical point where capital
and confidence, having been shaken with
fear, take hold Of new enterprises. We
look forward for u year Of general pros
perity and renewed activity in all
branches Of industry and commerce.