Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1879-09-06

large receipts from the abundant crops,
from the large shipments OF cattle, hogs,
and other farm products, and as this
money becomes more generally distrib-
uted every community will feel
it. He has talked with a
great many statesmen travelling
in different sections, and all contribute
their testimony to marked improve
ment in business. He thinks the only
drawback to our State this season is in
the partial failure of the grass crop,
which will require stock raisers to hold
their cattle over to another season, and
thus make money less plentiful through
the counties than usual. In the city, at
this time, he states that money is both
abundant and cheap. The reasons given
for the large amount OF unemployed cap
ital in the banks were the same as
above referred 10. He has known one
bank to discount $4,000 worth OF paper
from a single mill-the Belmont-in one
year. Nearly all OF this business has
gone by doing cash business at the
manufactures.
The Belmont, he thinks, has again
started up upon a solid basis. The bonds
offered by the company will be largely
taken up by the stockholders them
selves, as they are abundantly secured
and will be good investment. He don't
think, however, that the condition of
the iron trade is as promising as it seems
TO be, but that it will result in overpro-
duction and be followed by depression.
HENRY h. LIST shows his faith in
Wheeling and the future OF business by
filling up his vacant lots with large
business buildings. He is confident
that there is better feeling and an inn
proved condition OF things. AS re-
CARDS the trade in wool there is no per
manent improvement. The market is
more or less fluctuating, and wool is
becoming more of speculative article
every year.
In the tobacco business, Messrs.
MUM & BRANDFASs think the trade is
encouraging, and their sales at present
are an advance on the average. They
do not think the reduction OF tax affects
the market materially one way or the
other.
The firm OF ZINE & MoEEHEAD, furni-
ture dealers, note steady improvement
and tirmer feeling in their line OF bust
ness. There has been a considerable
advance in the prices OF some articles OF
furniture. Statesmen are not so eager to
make sales, and in fact all who have
stock on hand are very well satisfied to
keep ii vet a while. They are pretty
sure "the boom" has come for them.
Other dealers agree with this statement.
Many articles, they say, that dealers
were compelled 70 keep in stock, have
declined on their hands about ten per
cent. every six months for the past few
years, but are now advancing.
In dry goods the trade is steadily i'm
proving. The house OF GEORGE Il. TAY-
LoR & Go. reports a fair Improvement
on the corresponding season of last
year. But this is not time in the
wear when they expect very lively
trade in dry goods. Ii is between two
seasons, and of late years, there seems
to be but two seasons in the dry goods
business. Formerly there was a spring
aud fall business, but now it is only
summer and winter trade.
Domestic goods have advanced some
fifteen or twenty per cent, and there
are indications OF an enlarged demand
and better prices in all departments of
their trade. The dry goods merchants
have been selling goods often below he
cost of manufacturing. The manufact-
uries have run with but slight intermis
sion, and the stock in the market has
always been greater than the demand.
Therefore the manufacturers have been
slower to feel the stimulating effects OF
a better trade, but now that materials
have advanced, and the stock held by
retailers is being reduced, an
advance in prices is likely to ensue
for both the manufactures and retailer
Purchasers who have for long time
past given their orders with great eau
ton and moderation, and who seemed
to be in constant fear lest they should
invest few dollars in goods they could
not readily turn over, are now making
their purchases with greater freedom.
We might multiply these views and
opinions at greater length, but it would
only be to repeat substantially those
already given. We have taken
the liberty of thus using the
information gathered from a few
of our business men, that the pub
lie might be able more accurately to es-
innate the condition OF trade in the city.
These men have covered the ground and
expressed very fully the feeling that per
vades the business community. There
is nothing in the actual results OF bust
ness that is specially encouraging, and
there is nothing that contradicts the |
general opinion that we have already
entered upon better times. Business
men are cheerful, and as we have said,
there is every where feeling Of conf
dence. Men point with assurance TO |
the unmistakable evidences OF prosperi- !
ty among those engaged in agricultural
pursuits, and they know that the money !
that is being paid for our immense farm
products will soon find its way into and
swell all the currents OF domestic trade