Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1873-09-18
Frightening Prospects.

From the Pittsburg Commercial, Aug. 25.l
The business affairs of the country
never looked so we'll as they do at
the present opening of the fall season
OF 1873. There will be of course,
the usual monetary stringeney, which
seems TO be the inevitable result of
our incomplete and vicious banking
system; but that has been overcome
before; and as the country grows
stronger, financially, it must grow
wiserand be able, ere long, 30 de-
wise banking system, better able TO
meet the wants of trade and COM
MERGE. Among the indications of a
prosperous season we may enumerate
the fol swing.
/. The encouraging prospects of
. 10 iron trade. The iron manufac.
lures OF England are beginning to
realize that they have lost the Amor
lean market, and henceforth the
wants of that market must be sup>
piled by our own manufacturers
And not the American market alone.
We have noted, already, heavy ship
ments of American pig metal to En-
gland; and the New York Times Of
Friday says that ''some very large
orders from England have been re-
coived here during the past ten
days"
2 Ship-building has this year I'M
dergone thorough revival, and es-
pee tally since July l. The ship
yarda in Maine are again busiiy engag
cd building wooden vessels, and all
along the Delaware is heard the cIang
of the hammer on the bulls of new
iron ships. The United S ates is des-
tined, we trust, to resume her real
place-the front rapk--in ocean COM
merce. And,
3. Our imports are steadily falling
off and our exports are steadily in
creasing. A very large proper
ton of the vessels now arriving at
New York comes in ballast, seeking
for cargoes to Europe.
All these are signs of high prom
Use and all other signs I'M
mistakably point to . period of.great
prosperity. If, when this prosper
ity is realized, we can but use it
wisely and prudently, and be kept |
out Of wild specuiatioDs and reckless
ventures, there will bo increased |
cause for thankf0lness; and we are
sufficiently hopeful to believe that
our people have learned enough, |
from past experience, to know when
they are we'll 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 interesting and important subject
Of conversation. The latest advices
from England state that the present
English wheat harvest will 10 bottor
than was considered possible three
or four months ago. Owing to ex,
ceptionally fine weather the harvest
has commenced this year two weeks
earlier than was anticipated. The
result is q check to the diseases and
incident to hot weather,
and an additional yield. The actual
wheat deficiency of Great Britain
last year was twenty-five per cent,
in place Of fifteen per cent as was an-
ticipated. 1t is estimated that this
years crop will be decided improv-
ment on the last, so that the requir.
ments Of the ensuing year, will be
some 100000 bushels less than
during the present harvest year
this, however. is not very mater
ial diminution. A review of this
years harvests show that. apart
from Russia. the principal grain
growing country Of Europe the prob
abilities are that on the continent
tho production will not DO much
more than sufficient to supply home
demands for consumption leaving
comparatively little margin for ex-
pOrtation. Upon the whole, there
fore, the breadstuff lookout is decid-
eddy encouraging for the grain-grow-
ers and exporters of our own country.