The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-03-15
The Rising Ru,IneSS Tide

The New York Puyi' OF Thursday fur
nishes US with the clearings OF the priuct-
pal cities for last week, and they show a
gain outside OF New York, OF Is per cent
as compared with the same week last year.
The editor makes the following comments
on the exhibit:
"The exchanges at the seventeen clear
ing houses outside Of New York, which
are taken at times as the safest Indication
Of the volume OF business, do not in this
case fairly represent the aggregate i'll.
crease. For there is very large increase
also in that part Of the exchanges ut New
York which do not spring from spcculn.
ton. The sales OF stock daring the last
week were l,060,2lG shares, against Son.
sos shares during the corresponding week
last week.
Deducting the par value OF shares, the
remaining exchanges amount 10 1895, 800 !.
go in 1870, against S307, 4l0,jll in 1873,
and increase Of 9SGper cent. These, with
the exchanges outside .Oi New York,
amount to 1851 ,0Ol 1927 in the first week OF
March, 1870, against S47l ,4SG,5O0 in 1873,
IN increase OF 30 per cent, which is pro.
hably about the actual increase III transaC-
tons not originating in stock speculation,
Moreover, the returns show an increase In
exchanges ut thirteen out OF the eighteen
cities, and especially ut nearly every one
otthe mostimportaIit cities commercially. :"
The surprisingly large gains at I.onis.
vile as per cent, st. Louis Go per cent?,
I
cent, Boston (l4 per cent? and Pitts.
burgh (l2l per cent?, can only I've ex.
planned by very general and urgc in.
crease in the volume OF business. Evcnat
Philadelphia aud San Francisco the in.
crease is remarkable, when it is considered
that any expansion in values paid has oc.
cured in spite Of great decline in aver.
age prices. In short, the returns show
that the business represented bY clearing
house payments ut eighteen cities during
the first week OF March was larger By
nearly one.Quarter in values in 1870 than
1878, and by more than One-thirl in 0uan.
titles ofproducts exchanged.
The Chicago TMVsot Thursday says that
there's a remarkably cheerful feeling in
business circles in that city. We quote
from its articles as follows:
"Trade in lumber dry goods, groceries,
hardware, drugs aud other goods is on
considerably larger scale than at this time
in 1878, and everything points to II steady
improvement in business, as the sason il
already well advanced. Spring has set in
unusually soon, and country merchants,
realizing the importance ofbeing prepared
TO supply their customers with season.
able goods, are now purchasing quito
freely at the jobbing houses. Every train
brings more or less Of an influx OF interior
merchants, and judging from the freedom
with which they purchase, the times are
fast improving. They bring cheering re.
ports from their respective points, and
they state that the large production Of
OreadstuHS, live stock, produce and lum.
Der have made money plentier than at any
time for several years past. At many
points there has been within The last
twelve months large growth OF the non.
ulation through immigration, and these
new towns and villages require good stocks
OF farming implements, machinery, har,l.
ware, building materials, lumber and the
othermyriad appliances OF civilization This
extension OF trade OF late years has been
an important adjunct OF Chicago's extend.
Ing commercial relations with the new
west, and It is very probable That there
will be u continued immigration move.
ment westward this year, US many OF tho
eastern cities are still OvercrOwded with
unemployed people OF both sexes. The
emigration from foreign countries, too, is
likely TO be large, as the unhappy Condi.
ton Of commerce in Great Britain and
Germany shows no signs OF being changed
for the better.