The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-12-17
TMECOMIxG ROOM.
business Prospects After the First Of
January.

business Prospects After the First OF
January.
N. Y. Tribune.
AS the LIST Of January draws near, 1t is
realized more fully every day that the dis
bursements at that time are to be OF extra
ordinary magnitude. For the first time
since 1872 nearly all corporations and as
sociations have enjoyed full year of
profitable business. Considering the
growth OF the country in wealth within
the past seven years, it seems altogether
probable that the profits to be divided at
the end Of the year will be larger than
have ever been divided at any previous
yearly settlement. A great number of
corporations, associations aud firms which
have hitherto appeared as borrowers, will
now apply part Of the profits OF the past
year to the reduction or extinguishment Of
debts, and the disbursements on this score
do not seem to beimmediately met BY any
corresponding increase OF new borrowers.
The interest and dividends to be paid, on
the business Of the past year, half year or
funds seeking employment.
Another element Of some Importance Is
often overlooked. The amount OF interest
payable TO foreign creditors will be less
than it has been at any time for many
years, and the disposition on the part Of
foreign capitalists to invest in American
manufacturing, mining, railroad, telegraph
and other enterprises, and thus to secure
some share Of the extraordinary prosperity
which appears to have dawned upon this
country, probably has never been as great
before as it is now. The close Of the year
the reports Of large profits in hundreds OF
enterprises in which foreign capital is al.
ready invested, and the growing convic-
ton that no change is likely to be made in
legislation affecting the currency, will
stimulate that disposition, so that we may
perhaps see large additions, after the OPEN
ing OF the New Year, to the foreign capital
offered here for loans o. enterprises. The
savings OF the people, during the last year,
have been large also, Notwithstanding the
sudden rise in prices and in cost OF living,
1t has been estimated that these savings
ordinarily amount to more than $500 0O0,.
600 yearly, and considerable part Of that
sum will presently become available for
new investment.
The business OF the month thus far has
been very large and active. The imports
for last week, In value Sl0,22 1856, have
been exceeded in only one week this year
or for several years, and in the week end.
ing November % the amount was but
$4,000 larger. Less than $4,000 in gold
went out last week to the West Indies; all
other specie exports, amounting TO sl03,.
600, were in silver. Receipts OF grain con.
tinue large for the season, though the
shipments from the West have materially
diminished, as the closing OF navigation
has been expected. The mild weather
has retarded dealings in winter goods, but
prices are firm, and large orders for the
early spring trade are reported. Receipts
OF cotton continue larger than those OF he
corresponding weeks last year, and the
from September l To December
IL was 2,5S8, 0il bales, against Q, III ,27S for
the same period in 1878. Exports OF cot. |
ton are 20, 900 bales larger, thus far, than
those 10 date last year.
Reports Of railroad earnings continue
decidedly favorable; the increase for No.
vember on thirty.four roads was 81 ,6s1,.