The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1879-04-03
Promises Of Prosperity.


The New York Times of the 10Th devotes
considerably over page OF its issue OF that
week to the publication of communications
from its speca. correspondents, representing
IA different States. The result OF the inves-
legations and observances given by the cor
respondents is summarized by the Times, as
follows. AS it corresponds with the views
we have expressed through these columns,
we transfer it 70 our paper and give 1t ed
itorial prominence, so that our readers may
see the corroborative statements of the line
of thought we have INDUCED. The Times
says
The condition of the business interests of the
country, as compared wit the outlook one year
ago at this time, gives promise OF profitable
season and the beginning OF the return of national
parenty lasting revival of business is obtained
from reports OF the actual condition OF the trades,
manufactures, and other industries in IA states,
and from the business centres in those States.
From Massachusetts, Connecticut, New Jersey,
and New 70 k in the East to Ohio Indiana Hi
Wisconsin, and Michigan, in the North, to Ken
lucky, Tennessee, Missouri and Louisiana, in the
South. correspondents OF the Times have sought
the views of prominent men in every branch of
industry, and of those who have compiled the
st tistics OF trade and have also pursued their
own independent lines Of investigation. The re-
suits. carefully arranged. are given in the follow
Ing dispatches s by mail and telegraph to ne me
favorable outlook is the more trustworthy be-
cause each inquirer was pursuing his investfga-
ton entirely unbiased and Independent OF any
other.
There are few branches of trade that do not
share in the revival generally reported. and even
in these the inactivity is local confined to de-
partment of the industry, rather than general.
The resumption of specie payments and the re-
pea. of the National Bankruptcy law have created
ieeng OF over when hangs mercy
financial questions or unwise State legislation.
The hard times have swept the weaker concerns
out OF existence. Capital is seeking profitable in
vestment. Wholesale dealers generally report an
increase in the bulk of their sales, ranging from
10 to 80 per cent, although at low prices COM
pared with the business of previous years. The
small stocks which retail dealers have bought
during the past year have become exhausted and
these merchants are buying more literally and
often upon shorter credit or for cash. Collections
are more easily made than any year since the
panic. The southern trade still shows the effect
| of the low prices OF cotton and sugar. Despite
somewhat Improbable crop Of these two great
yellow fever epidemic apparently delayed rather
than injured the trade OF the places which suffer
ed from its ravages In the North AMI extreme
West. immigration an active lum bering season.
and the beginning of work by farmers and build
| ers have increased the circulation OF money and
stimulated trade.
| Manufacturing interests in the North and
West are reported as generally fourishing The
pig-iron and leather manufacturers still complain
somewhat and tobacco manufacturers are only
now beginning to accustom themselves to a new
condition of affairs. These dhe exceptions.
| FIGURING mills in many cases have been running
| all Winter. The proprietors of these are cheered
| by large export demand, with an charging for
| eign market and improved means of Transports
| lions. Many factories, of different classes. are
resuming worK nearly all are running full time,
and, with the fl our mills. finding difficulty in
supplying orders fast as ceived. In the grain
states an increased acreage has been or is to be
| seeded, and the indications are favorable to
crop gratifying in quantity and quality. Farmers
generally are hopeful of good returns. Real es-
| late and building interests are active.
| Around New York and in the East the prospects
are equally fiattering. much Of the prosperity be-
| ing the reflection of better times in the West.
Silk mills in New Jersey are taxed to supply or
! ders. The various manufactures of Newark and
| Patterson find full employment. The Connecti-
cut valley expects better tobacco crop than for
several years. The Boston iobbers and commits
| sion merchants, with large local. Western, and
out at lower prices. Eastern manufacturers and
merchants unanimously concur in the hopeful an
| icipations of the West