The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-08-21

/ AAAAA ~ INAN ANNN AAAS WI 4SNNt
was 500, Az, 220; and during the yei
ended June 80, 1879, 1t was ,S7l0,439,2Sl
showing an increase over 1875 OF Sl06
990,514, and over 1877 Of Sl07,95S,O85, G
1892 per cent, The exports Of merchar
disc during the latter year were large
than during any previous year In the Iii
tory Of our foreign commerce. The eScel
OF imports over exports oil merchandise
during the year ended June 80, ls7t
amounted TO $40, 562, 725; during the yea
ended June 80, 1877, the excess Of export
over imports amounted 70 sl5lJl52, 094
and during the year ended June so, 1875
1t rose to 500, 658, Sl0-showing an in
crease In such excess OF Sll3,5Oi, ZIG, o
more than 10 per cent In two years.
The imports OF merchandise during tn
year ended June so, 1877, amounted I,
Si5l 1923, l26, and during the year endet
June 80, 1879, to S445, 776,476 "a decreas,
Of $b,6l0,85l, or l % per cent.
The excess OF exports Of specie over i'm
ports Of specie during tho year ended
June 80, 1877, was Sl5, 3s7, s?3; but durinI
the year ended June 80, 1870, the excesl
OF exports Of specie was only $4,T0l, AL
The exchange in the clearing house in
New York city, and In twenty.one otheI
principal cities In the United States, fol
the seven months ended July 81, 1873,
amount to $l6,6iS,9 SS, 73S, and for the
same period Of 1870, So 20, 64s, 955 AN
increase Of 20.5 per cent.
In the production and manufacture Of
cotton the progress during the past four
years has been unexAmpled, showing an
increase OF 80 per cent. The increase in
the number OF bales taken within the last
two years owe the two preceding years is
ll7,5l7, or more than II per cent.
The present cotton year, ending in Sep.
tHm5er, will show a more rapid rate OF in.
The number OF spinlles has in.
from 7,ll4,0O0 in $50, to about
in 1S7S-an increase Of over II
per cent.
The wooden manufacturing industry has
recently received II strong impetus, which
in a lew weeks sent up the price OF wool
20 per cent. and greatly encouraged the
business Of wool.growing, and started
many OF the wooden manufactures that
had been lying idle.
The production OF breadstuGs and meats
has been enormously increased within the
last year or two, and a ready market has
been found for the surplus production.
The net increase in pork.packing Is IS per
cent: The increase in beef production
has been constant and progressive, slim.
by. prices that have scarcely de.
cllned during the past two years.
There has been a marked revival in the
IRON trade during the past two years. In
1873 the production Of pig.iron in this
country reached its maximum, amounting
to $685. 7S tons. Under the influence Of
the panic it fell off to zoos, 23G tons in
1915. In 1877 it increased 10 2,3l4,5S5
tons, and in 1878 to 2,577, S6l tons. This
year, it is believed, the production. Of iron
viii be as great as that Of the most pros.
porous year in the history OF this product.
The United States stands second among
The iron producing countries of the world,
The rapid progress OF our iron industries
is indicated by the fact that while the i'm.
ports OF manufactures Of iron and steel
have largely and steadily declined, our ex
ports OF iron and steel, including their
manufactured products, such as
locomotives, machinery, cutlery, &C.,
have steadily increased, Notwithstanding
decline in the prices, until the value Of
our exports Of those products OF industry
exceeds the value OF our imports. Since
beginning OF the present year the
price OF products OF iron have been slow.
ly advancing.
The BuLGtin OF August IL, 1870, the
recognized organ OF producers and manu-.
lecturers OF iron, says:
THAT the increased demand for iron
md steel which first manifested itself in
tina summer OF 1873 has been continued
i'll 1879 is a most gratifying fact, and it is
more gratifying that this steady
augmentation in demand is accompanied
BY an improvement in prices. These are
broad waves of old-time prosperity which
have all a%nxiously looked for. AS a
natural consequence OF this revival in the
iron trade, furnaces and rolling mills that
have long been idle are again active or
preparing to become active"
The Public, of New York, OF July 3,
a financial organ Of high credit, says:
The first half year after the resumption
specie payments has closed with I'm.
usual activity of industry and commerce,
and brighter prospects for the future. In.
dustrial establishments have not been as
fully employed at any time since 1872 as
they are now, and, though the margin Of
profit is generally slender, there is q strong
that production now has a
solid foundation to build upon, and that
the advance toward prosperity, though
slow, will be sure, In many Important
branches OF commerce, transactions have
been Of unprecedented magnitude; in
Others, although there has been little i'm.
provement in the volume OF business,
there has been much improvement in
its character. There are few departments
OF industry ortrade in which there has not
been a %preceptible gain in the volume Of
business, even il measured in values, and
not II Of importancein which the guam
titles OF products exchanged has not in.
creased. Labor is more fully employed
than it has been at any time since the
panic, and, on the whole, more s~atisiac.
torily paid, the purchasing power OF wages
being considered"
And yet, in tho face Of all these and
numberless other evidences Of the revival
OF business, General Ewing, as late as the
S1tu v I OulyI Ia hls npeGGN nv IhHChoteTI
talks OF silent mills, ~tirelcss furnaces
scanty wages, want Of work, warns o.
tramps," as the results OF resumption.
Well, We had all these after the burst.
ing OF the boom Of inflated prices, AMI
while the country was blindly staggering
under the effects OF panic and seeking {
remedy. But now that resumption has
come, where are the silent mills, the fire
less furnaces, the want OF work, ant
swarms Of tramps? The mills are sound
ing the music OF industry. The furnace.
are in full blast. The wages, though
small, will buy more food and clothing
than even before the panic. There is worI
for every man who is willing to work, anC
the tramps have been converted into busy
artisans or hopeful farmers. General Ew
ing alone seems not TO appreciate TIN
changed condition ofthe hour. s
Mr.. Tilden, on the contrary, is sagacioul
enough TO see the wave OF prosperity tina
follows resumption, and Is looking how
to profit by 1t. He is reported by hi
friend, Mr.. Springer, as saying:
"Now," said Tilden, u will tall you
war. WhV IL isimnnriantythAt III,