The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1875-08-27
GheGttsIIfseueer,


rE,u the New York Economist.
We still live up to the conviction Of an
,c,iye Fall trade. OF this We have the
;aajic1tions not so much in the activity OF
any, ' one leading branch Of industry, US in
~: Improvement apparent in every de-
u' of business, There are now
Pre- and even hundreds OF factories in
SnlI ooeratiou which were idle six months
,S The locomotive works and silk in.
Io.trie. OF Patterson are now IN lull
SI'.t Take it altogether, and including
,bs watch and sewing machine manuIac'
,",ir. not less than $1,000 operatives are
y, ~ork in that State, In New England
o., ~ "y n,o.pects are somewhat clOuded by
IL, IL. ,ropbles at Fall River factories, but
, ,s arc NO difficulties which can not be
sn ,ij in a short time. The short time
,n3yemrpt is placing the textile trade on
'D .oSHI basis, and manufacturers antici-
n,, g a good Fall trade. In Penn
P ,lir,nia the iron and coal trades
s,o on a better basis than ever before,
in tho vast iron and mineral ranges, ex.
landing from the Upper Ohio River and
,Lo Piedmont region to the mines Of Ken
NOV and Tennessee, there is sudden
ATM ra,"Tp of activity which places the pol
,icion and currency theorists at a serious
IHaJyan,age. The rise in the Rivers has
u ,a,,o,cJ and cheapencd transportation,
und mill owners and manufacturers i'm
n," D ,hc opportunity by starting up the
s" Sr and rolling mills at al earlier
mo,;oJ of The season than has been known
I,r .ereral Years. Indeed, this activity
s ,y MP to the Lake Superior mining
regions, It isCurious to notice what has
hem induced in a short time. A couple
oi weeksago the wOrkmen complained OF
scarcity Of greenbacks, and shouted
Themselves hoarse iormore paper money
Now money is abundant with employ
Rnt Il Ia in the West aud South that
tho prospects scem more particularly la
yorable. II has been held, aud justly no,
that the frat solid indications Of return
inc prosperity must proceed from these
sections. They hold the brcadstuiF and
cotton products, aud provide the basis Of
n foreign commerce. Manufactures
1uickIy follow the impulse impaired by
onr domestic produces, II is now quito
certain that the alledged damages to
wheat and corn have been greatly exag-
geratcd. It Is true, serious injury has
been sustained in many places, and the
aggregate Of losses amounts 10 u large
sim; but our brCadstn(s products will be
fully enual those Of last year, and, in
deed, may surpass it, Tho season Is now
so far advanced as to warrant Il surplus
CROP Of brcadstuils fully equal to the re-
uuremCnts Of the Old World.
As to the cotton crop, another cotton
wear closes ten days hence, with the prom
I,eoi A full and abundant yield, The sea-
son /. now so far advanced rs to preclude
the rayages Of the usual cotton pests. In.
deed, in this respect, the planters have
been singularly fortunate this year. They
have enjoyed ancxGmpiOn from the usual
loses BY flood and caterpillar, There
can no longer be any question that the
cotton crop this year will equal that OF
last year, with the probabilities Of its ex.
ceCding it. With n cotton crop worth
fully $2OO,OOO,OOO in gold, and breadStulls
crops nearly equal to thatamOunt in cur.
rcnoy, It would seem that We possessed
the grand essentials Of an enduring pros.
perity.
But 1t may be said that the means are
not forthcoming for a reciprocal ex-
change of these products with consumers.
Money il now worth only two per cent
in the Bank Of England-,a rate so low
as to render it a matter Of Indifference to
capitalists to inLur the risks OF loans.
This will render it more advantageous to
English capitalists to take our bonds
than to require gold remittances. We
have now many indications that they are
not indiferenttO this feature Of tho Gnan-
Cial situation. The result will be to
make money abundant with us, and still
further improve the prospects Of bust.