The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-10-30
THE WAVE OF PROSPERITY.

Ill us SCTuRRlS ZOE EXISTENCE ana IOELuIlD.
THE WAVE OF PROSPERITY.
1t takes long time to convince our people
who have been for years struggling against
adversely In every shape and form, and whose
fairest and most reasonable hopes have been
doomed to bitter disappointment. that the
tide has turned, that the commercial storm Is
over, and that, from q clear and cloudless sky,
the sun OF prosperity Is SHINING. The doubts
induced by hopes long deferred cause them
naturally, to regard the most cheering lndica-
tions as deceitful, and though wishing to be-
lieve they fear lest they may again be called
upon to experience disappointment. While
this is natural, yet the time has now come
when the Indications are SO plain. SO over
whelmingly convincing that no intelligent
and reasoning man can longer permit himself
to doubt that the country has emerged from
Its condition Of stagnation, and Is now enter
ing upon career Of commercial prosperity
which will eclipse In Its grandeur all previous
epochs In our history. The circumstances
which have brought about this marvellous
change are too numerous and complex to be
treated Of fully In this article, nor does the
general reader care SO much to understand
the causes which have led up to the era OF
prosperity as to be assured by plain facts and
figures that there is 8 business wave which
will necessarily flow over the South, as we'll
as the North and West.
Among the prominent features is the great
demand for American grain, caused by the
general failure of crops In Europe, and the
-, bJrrh ,te md
taxes In the old countries their farmers are
unable to compete with ours In raising grain.
Year after year, the amount of grain drawn
from America has increased, and 1t seems to
be only matter of time when America will
become the granary of Europe Ii not of the
world. The English farmers have struggled
in vain, and are even yet struggling to COM
pete with the American wheat growers, but
the result each year proves the futility OF the
endeavor, and 1t appears to be almost a GER
tainty that the former will soon have to put
their lands to other and more remunerative
pursuits or else migrate to this country,
where fairer skies and more favorable oppor-
tunities may enable them to make liveli-
hood. The Duke Of Beaufort has recently
made very careful calculation of the cost of
raising wheat In England and America and
after making every possible allowance for his
own countrymen proves conclusively that it
10 simply impossible for them longer to COM
pete with the agriculturlsts OF America. He
concludes an able article on the subject as
follows:
The result Of my consideration OF the sub
ect is this. that climate. steam transport by sea
and land, together with the labor question on
both sides OF the ocean. has made 1t out of the
power Of our agriculturists to compete with the
growers of wheat on the American continent
and that they must turn their attention to
cheaper and better modes OF growing beef and
mutton so as not to be driven out Of the mar
ket also hy the Americans distance diff
Guilty and expense Of transport Of live and dead
meat give us an advantage we shall be wise TO
improve. instead Of wasting time and capital Ia
trying the impossible task OF competing with
them 10 growing wheat.
He says also that one great drawback to
English wheat-growers is the climate, which
is usually unpropitious at harvest time while
with Us tho sun never fails to shine during
harvest, and our crop ripens quickly.
This is truly a bad showing for England,
and we may not unreasonably expect to find
the tide of immigration from that country
rapidly increase In volume. In Hungary
there Is a famine growing out Of the failure
OF crops, and scarcely country in Europe
but will have to draw upon America for food
supplies.
In recent article on the great improve
ment In trade the New York Sun said:
Our farmers have been doing SO we'll for the
last two years that the city is now full of their
money sent to purchase the comforts and the
Injuries of life. The hotels are crowded with
merchants from the West. glad to gel chance
to s:eep on q cot in ,parlots which look at night
like hospital wards; and though our dealers
m nArHAnfAQ6
which they once thought their due, they see to
l. that they get fair margins In their favor. and
the bulk Of transactions was never so large as
now.
The demand for all articles, whether manu-
featured or grown has steadily increased for
some time and is an Indication that the re-
Of business Is healthy and not spas
mod1c. The following quotations, from New
York paper. for three months Of the present
year, show how prices for staple products adj
vanced Ia that market:
Extra State -four. Dbl :: 81 40 81 80 SIS So
No. 2 red winter wheat.
No. mixed corn. bush. 45M 51k S.
Western mess pork. bbl. 8 SO Q 90 go
Prime Western lard. eWt 821a 6 As 81
Fair Rio coffee. h.. 1871 Is 15H
Refined petroleum, gal 62s IL
No. American pig iron,
ton 81 90 81 90 81 90
AS showing the rush of business in New
York the following from the New York Times !
Of the twenty third is interesting
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