The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1880-11-04

VIII tHS AOAS"AA6 - 49,
complete:
tsfssSs1 trade &c. sls
Population .... Sl,itS,oOo Ss,S's,O0 100000
's enpissy a...! pei SISSY slss ssssH
To this stock Of gold must be added the
receipts during the last thirty days. The
Nation in itsraview OF the financial market
f,r last week says:
The arrivals Of foreign gold during the
week reached the unprecedented total OF
1890, 800, which makes the foreign specie
receipts since the beginning OF August
81 ,39l ,955, against S40,347, S04 last year,
and since January l 6,540S2S, against
SIS, $40 ,0s2 last year. These figures show
that the receipts this year exceed the most
sanguine expectations formed early in the
season; and are close upon those OF the re-
markable year 1879. A considerable part
OF the gold now arriving Ia TO pay Tor &C.
curities; the prosperous condition OF gem
eral business in this country, and particu::
ly OF Transportation having again attracted
to large degree the money OF European
investors. NJ t
Last year the receipts Of corn from Eu-
rope were most extraordinary, and twas
not anticipated that this year they would
approach anything like an equal amount.
1t seems, however, that the inflow Of gold
in 1880 will nearly. If not fully, equal that
OF 1870. The Nation points out that much
of this money is coming hither to pur-
chase American bonds and securities,
they offering better sfor money
than anything in distracted Europe. Some
time ago 1t was stated in the London
papers that one thousand millions in
money was lying idle in England waiting
for some opportunity for investment
The evidences OF prosperity in all branches
OF business in the United States, and the
general assurance that no disturbance Of
our National policy would follow the
election of Garfield, has given a new i'm.
petus to the foreign demand for American
securities, and the surplus and idle money
there naturally seeks investment here.
In the meantime the plethora Of money
in this country continues. Last week the
City Controller OF New York opened bids
for new city 4 per cent. bonds TO fund
Others outstanding. There were offers TO
the amount OF $4,000, 600. and the loan
was let at 105 to 1850. That is, bidders
offered to take the bonds aud remit fifteen
months interest. The money already in
the country and that arriving Is so
abundant that tho interest-paying securi-
ties are readily sought for.
The question recurs, where is thismoney
TO find employment? All manner OF
stocks and bonds have advanced so highly
that the magnitude OF the premises must
soon deter purchases for investment. All
manner OF productive industries are fully
supplied with money ct cheap rates The
money, however, must seek permanent
investment, and there can be no doubt
that 1t will eventually seek the most
natural OF all securities. real estate. The
rise in real eetate has already set in
all over the Northern States, snd in
no place more notably than in Chi
cago. There are now 81, 200, 900, 600 Of cur.
rency in the country, and every dollar OF
this undrecedented amount is OF full
value, with no depreciation, the whole
available as money for any purpose. This
is the result OF specie-payments. The
moment the greenbacks became redeem
able on demand in coin, then the coin
came into circulation, and the coin cur.
rency OF the country has increased until
| 1t Is now 81, 200, 900, 900.