Frostburg mining journal. [volume] (Frostburg, Md.) 1871-1913, 1882-09-09
as a connection in the markets Of the

world, and will give to this country
an opportunity for the marketing OF
her crops similar to that afforded by
the situation in 1880, which was in
some respects a phenomenal year. In
other words, we may look for an in.
crease of exports of sufficient magni.
tude to revolutionize the commercial
relations of the United States with
the outer world. For the seven
months ended July 81, 1882, the i'm
ports Of general merchandise exceed.
ed the exports by nearly $5l 100000,
and for the rame period the exports Of
specie exceeded the imports by over
500, 100000. 1t is not unreasonable
to expect that before the close Of the
calendar year the movement Of mer-
chandise will show a balance on the
right side, and that we shall have re-
turned to us at least part Of the
gold shipped to liquidate our indebt-
edness to Europe.
Not only are the exports Of domes-
tic products increasing from this port,
but at many other cities Of the sea-
board the receipts of grain and pro-
visions are simply enormous and YES
sells are loaded to their full capacity.
An evidence of the steady increase in
the ocean carrying trade was furnish
ed by dispatch from Baltimore on
Friday that the shipments Of wheat
to Europe were the largest for any
one day in the history of that port.
When the cotton crop begins to be
moved-and its movement will begin
now very soon-the railroads and
steamship lines will be furnished with
still more active employment and
there will be something like glut Of
freight awaiting shipment unless, in
deed, the supply of available vessels
should be largely increased in the
meantime.
Many observing people, having sat-
isfed themselves of the effect and sig
nifcance of the improvement now in
progress, are full of hope and are dis
posed to embark more frsely in new
enterprises. This feeling is extend.
ing to the Wall street markets the
tendency of which of late has been
towards higher prices for securities
That the volume of business contin'
ues small is not surprising when it ia
remembered that the watering-places
still have an attraction both for the
operators and for the brokers whose
active presence is needed to take sd-
vantage Of every turn and eddy in
the swelling tide. The comparative
inactivity CT the stock market, al
though . very few years ago what is
now dull day would have been me-
morable for it's activity, seems to make
the frmneas with which securities are
held all the more noteworthy. Dur.
ing the current month railroad earn
ings will increaae largely and capital
ists are availing themselves of the
present quiet spell to acquire such
stocks and bonds as are most likely tc
be affected by the movement Of the
crops and merchandise between New
York ON the one hand and the Pacific
coast and the Gulf OF Mexico on the
other. English capital is also seeking
investment in American enterprise
and last week some large amounts Of
securities were taken for the other
side. This movement will increase
when the full extent of the improve
ment in progress 10 fully known, and
altogether it seems quite safe to look
for more active condition of affairs
in the early future New York World
PIGS are allowed to run at large in
the streets of Pottsville, and some Of