The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1880-12-31
Ght GstelLiQsnEen


The commercial community can hardly
need to be told, Gays the Telegram, that
their FIRST impressions on the recent revi-
val Of trade need some very important re-
visions. The general revival Of confidence
and Of the demand for merchandise that
Sc. in about a year ago has been construed
as new area in the trade Of the country
10 which everybody was to revsl in un.
qualified prosperity and every enterprise
was to prosper. This was the common
feeling in mercantile and financial circles
for the last half Of 1879 and the first qnar-
ter oil 1850. II resulted in an enormous ex'
pauslon Of every branch OF production, in
an increase OF nearly fifty per cent in our
importAti0us. in the full employment o.!
all our available labor and OF course in q
general advance in prices.
Over trading and over production
brought on the natural aud inevitable re-
action. During the spring business lost
it's buoyaDcy. In domestic manufactures
and in foreign merchandise the supply
had largely gained on the demand. Buy.
era were Indifferent. Actual transactions
established an Important decline in prices.
a very large qusntity OF goods went into
consumption at low prices and holders OF
heavy stocks encountered certain
amount Of loss where they had hoped for
profit The reaction was only temporary.
a diminished supply and moderate prices
soon brought about healthy and satistac.
tory condition Of trade.
The marketing OF cur enormous food
crops and Of what may be called the com.
mercisl crops has given powerful stimu-
lus to industry and trade. Though the
next few months may be attended with
some irregulsritY in the markets yet there
Is the most substantialreason for expecting
that all this will prove Introductory to an
immediate era OF solid, general and pro-
longed prosperity.
Prices are again advancing and will
probably continue to advance, with slight
and temporary reactions. 1.-The Govern
mens csn feat three per cent bond, as
seems now almost certain, then land,
houses, stocks, bonds and all real values
are selling to day at prices much below
their intrinsic value, and they must
steadily appreciate in price. Higher
prices tend to increase production, and In
creased production implies not only an en-
lsrgemeDt OF the volume Of trade, but also
an increased demand for labor, and con-
seQuenE advance in wages. Already this
effect has appeared in some Ofthe trades,
especially in those connected with
building, and 1t deserves note that the
changes have come about less IS the re.
suit oftfades union demands than Of pri.
vate arrangement between employer and
workman.
The sharp demard for choice uptown
building lots toT immediate improvement
is simply the ey preston OF acOnvictiou on
the part o! speculative builders and others
that this species OF real property must
soon experience the effect Of the gradual
advance in values low steadily ! ig on
all over the country.
Behind the genera! disposition to buy,
build, speculate and trade lies concious-
ness Of the unusually prosperous condit-
ion Of the country, Of the extraordinary
demand for our products eyinced in the
unprecedented exports OF the enormous
cropo now being marketed, and Of 3 pros
poet OF prolonged ease in monetary con.
ditions.