Northern Ohio journal. [volume] (Painesville, Ohio) 1872-1896, 1873-11-08
pn,eHrEr.se pHesrEors.

The business affairs of the country
never looked SO well as they do at the
present opening of the fall season of
1873. There will be, Of course, the us
ual monetary stringency. which seems
to be the inevitable result of Our pres
ent incomplete and vicious banking sys-
TEN but that has been overcome before
and as the country grows stronger, fin
ancially, it must grow wiser, and be able
ere long to devise banking system bet
ter able to meet the wants of trade and
commerce. Among the indications of a
prosperous season we may enumerate
the following: -..s-
{ l. The encouraging prospects of the
iron trade. The iron manufacturers of
England are beginning to realize that
they have lost the American market and
henceforth the wants of that market.
must be supplied by our own manufae-.
turers. And not the American market
alone. We have noted, already,
heavy shipments of American pig metal
10 England; and the New York papers
of Friday that some very large orders
from England have been received here
during the past ten days"
2. Ship building has this year under.
gone thorough revival, and especially
since July 1. The ship-yards are again
busily engaged building wooden vessels,
and all along the Delaware is heard the
clang of the hammer OH the hulls of
new iron ships. The United States is
destined. we trust, to resume her real
plaCe-tle front rankin ocean COM
merce. And,
8. Our imports are steadily falling off
and our exports us steadily increasing.
A very large proportion of the vessels
row arriving at New York come in bal
l.. fr,
All these are signs of high promise !;
and all other signs unmistakably point
to a period of great prosperity. If,
when this prosperity is realized, we can
| but use it wisely and prudently, and be
! kept out of wild speculations and reck-
! less ventures, there will be increased
cause for thankfulness; and we are suf-
! ficiently hopeful to believe that our peo-
pie have learned enough, from past ex-
| perience, to know when they are well
off, and to abide so contentedly.
The condition and prospects of the
grain trade of the world always, at this
season of the year, constitute an interest,"
ing and important subject of CONVERSE
ton. The latest advices from England
state that The present. English wheat
harvest wiHbe Better than was consid-
cred possible fftrec or four months ago.
Owing tQs Exceptionally fiue weather
the harATstahas commenced this year
two weeks earlier than was anticipated
The result II h check to the diseases and
vicissittffes incident to hot weather, and
all additional yield. The actual wheal
deficiency of Great Britain last yeai
was 25 percent instead of Upper cent, N
was anticipated. 1t is estimated thai
this years crop will be a decided i'm
proyemcnt on the last, SO that the re-
quirements of the ensuing year will bt
some l6, 6,000,000 bushels less than durin.
the present harvest year. This, how
ever, is not a very material diminution
A review of this years harvest show
that, apart from Russia, the principa
grain-growing country of Europe. th
probabilities are that on the contincn
the production will not be much NOR
than sufficient TO meet home demand
for consumption, leaving comparativel,
. little margin for expectation. Upon tn
G whole, therefore, the Dreadstuff outlool
: is decidedly encouraging for the grail
e growers and exporters of our owl
country.