The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1882-11-03
TIE Hi,hiN tSS SITUATION.
why there In no special i:0on N0iwlth'
stnntliu. Nig Crops.


standing Eig Crops.
The Cincinnati Ga:yAe has u very sensl.
bic and practical review Of the present ps.
ricul,ura! aud business outlook Of the
country. 1t says:
'.ric harves,s Of 1882, with few exccp.
tio,w, resulted iayorably, and there IL
immense wealth in the granaries Of tho
country. Crop failures were apprehended
bn, not realized. The autumn, too, has
been most favorable 10 the maturing corn,
aud that which the usual frost might have
DESTROYED was saved by the prolongation
Of fine weather. Ent in tho face OF tho
srelt wealth which lies back in the country
In the hands OF the agricultural classes
business Is dull. The boom that was cx.
pected to follow the assurance OF good
l,lrvcsts has not been experienced, anu
merchants in the country and in the city
are complaining OF slow sales and slower
collections. Why is this? ~
THE winter Of lSSl'2 WAS remarkable
one for its mildncss. There was no tenn.
pcraiurc 10 causa rush for heavy goods.
The fall outfits lasted through the winter
aud suited the weather. This caused n
heavy falling or in the consumption Of
winter goods and left heavy stocks TO be
carried over. Then the mild winter IVES
folio we'd by mild summer, and this caused
light demand for hot weather goods.
Taus heavy surplus oil the latter was
added to the surplus OF heavy goods. And
now here We are in the lst OF November,
with temperature that suggests spring
and corn planting, and blooming flowers
and budding trees. The clothes that we've
comfortable in spring and summer are
good for the autumn. and 80 lar there has
been nothing TO suggest warm clothing.
This leaves the goods carried over IRON last
winter still on the shelves Of the mer.
chants, and spring and summer goods still
on the backs OF the people.
''The farmers, too, are busy, not selling
their crops, or getting ready to sell, but in
putting them away in good shape and util-
izing the splendid weather in doing up all
their fall business. They have no time or
c,re 10 60 to town, and are not pressed by
the frost OF autumn or the chilling blasts
Of winter, consequently country merchants
are comparatively idle, and this influence
is carried TO the cities. There is no boom.
Rather is there o pause.
"The tumble in prices predicted, rs the
result OF good lnrvests, has not come either,
or rather farmers DO not care to throw
their crops upon tho market at low figures.
The crops were good, but they have been
exaggerated, and when the usual vacuum Is
filed the surplus for market will not be ex-
csssive. Farmers understand this perfect.
ly, and they are quite as smart AS the
spectators who lay their wires to yet the
crops ut low figures, and then sell them 10
consumers ut high prices. Hence We are
told the crops have not begun to move.
This is true, and Us result trade is dull,
comparatively, aud money is scarce. Ex.
changes are against the West, ior the time,
and farmers, instead Of converting their
crops, are largely holding and borrowing
margins OF country bankers 10 bridge them
over to selling time.
sit may as well be understood that the
stock Of grain in the country at this time
is below the average. The crops Of 1851
were decidedly short and the stocks were
pretty much exhausted before the incom.
Ing Of the harvest Of 1852, and tho crops OF
this year, good MS they were, have not been
sufficient to bring the stocks on the first OF
November up to the average. In adjusting
prices for the future this must be borne in
mind, und whether dealers take it into
their calculations or not, farmers will not
lose sight Of it. uGs
"As for business Blooms the less the
country has OF such spasmodic mutations
the better. A healthy trade is What is
most desirable, because more lasting, and
this We shall no doubt have. The country
is ricl. and when the time for selling
comes, the time for buying will come also,
and money will thus BIZ started on its
rounds through the channels OF trade, FER.
forming its functions rs it goes"