Savannah morning news. [volume] (Savannah) 1868-1887, 1883-12-08

The impression among leading financial
men is that with the beginning Of the
new year business throughout the e0un-
try viii show perceptible improvement.
1t is thought the prices Of stocks ana
securities are about as low as they VIII
90. although there may be influences at
work that will slightly depress them at
times the remainder OF the present
wear. During this year there has been a
very general decline in values. The rea-
sous for this are not hard TO find. Imme-
diateIv after the resumption Of specie
PAYMENTS everybody appeared to be con-
ident that the country was about TO enter
on period Of unexampled prosperity.
Tha various kinds of manufacturing en-
terprises were worked to their fullest
productive capacity. Railways were
built with unexampled rapidity. Money
was made quickly aud easily. The
surplus earnings were put into stocks
and bonds. The demand for these Sc
curities became 50 great that their
prices advanced beyond a point where
they could be permanently maintained.
Gradually there was falling OF in rail-
way building. The great iron aud other
manufacturers finding that the supply oil
their products was exceeding the de-
mand. there was a general shutting
down. all along the line, and the inquiries
for securities fell off. Naturally, there
was a fall in values. a period Of de-
preston followed the season Of confidence.
The bears Of the market, seeing their oppor-
tunitv.- forced values to a much lower
point than they would otherwise have gone.
No doubt there viii be a large number of
failures between now and the new year,
owing TO the fact that the depression has
produced effects that cannot be resisted
until the expected change for the
better comes. There is little doubt that
next wear will be a year of recovery. All
the indications point that way. The
crops have been good, Notwithstanding
the disheartening reports Of couple
Of months ago. 1t is not believed
now that there will be anywhere
near the falling of in the yield OF
cotton that was expected in the be-
ginning Of the season. The reports
/ from the corn and wheat producing
/ sections are comforting. The business OF
/ the railways shows an increase. The
outlook is such as to restore confidence
and invite investments. \ week ago it
was feared that the election of Carlisle TO
the Speakership would unsettle the bust
ness Of the country, because it was
thought it would be followed by an at
I tempt to make radical changes in the tar
/ i'll. That fear is aIlayed. The inaugural
1 speech Of the new Speaker indicated his
conservative character, and gave assur-
/ ances that while revenue reform was the
/ goal towards which the Democratic party
would steadily march there would be nc
such haste as to prevent the great indus
| trial interests from adjusting themselves
| to the changes. The immense surplus in
the Treasury will require, of course. some
financial legislation, and in the effort tC
reach the proper thing TO be done business
interests may be subjected to a slight dis
turbance, but this disturbance will not
be Of an earth-shaking character, and is
not likely to be productive of wrecks and
disasters. The business prospects of the
| country, therefore, while they are rather
discouraging at present, promise to be
much better in the near future.