The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1885-01-02
BUSINESS OUTLOOK.
HOPE NOT uNMnED w1rnDouBT.
Everything Being Down to Hard.Pna The
Belief ia that Times win 1mproyo-The
Bears take Very Gloomy View of
Anairs and Predict Lower Prices.

L
Bears take Very Gloomy View of
Atfairs and Predict Lower Prices.
Special Dspeieh to ne lntelstoa'en.
New YoRK, Jan. 1.-The feeling here
the opening Of the new year is one {
hope not unmixed with considerabl
doubt and distrust of the future. Th
general disposition among business me
is to expect better times early in the yea
but this feeling is seemingly rather base
on the belief that we have seen the won
after three years Of decline and a eiosin
year Of severe depression, than on an
present tangible evidence of improve
ment. The concurrent testimony, how
ever, OF intelligent business men
that favorable reaction is both natura
and probable. The decided decrease Il
production in nearly allstapie commodi
ties has, they think, fairly offset the de
creased consumption and left the market
on an even keel for 1885. They therefor
expect better prices and better trade ii
the spring. All prices OF merchandise ar
believed TO be now down to hard pan ant
not likely to be forced lower exception th'
occurrence Of failures OF an importan
character between this and February
There is no special apprehension Of sucf
occurrences, although they say that The
LIST OF February may be u trying time II
the dry goods trade on account OF large
maturing obligations at that date.
ELIMINATION OF BAD riMDER.
There has been such an enormous elm.
ination Of decayed and rotten timber in
all departments of tradefn the last three
years, that a solid basis for a healthy revi-
val is believed to be assured. Just at this
time trade is largely restricted and every
body seems to expect a season of awaiting
developments during this month.
The most depressing factor in the situa-
ton is the low price OF cereals and the
consequent indisposition and inability ot
the great agricultural interest to purchase
as heretofore. Exports OF breadstnils
have, however, shown an'improving tend
ency OF late and the year exhibits q re-
spectacle balance Of trade in favor Of this
country.
CONDITION OF THE BANKS.
The plethora Of money in the banks is
unprecedented. They now hold over
forty millions above the required reserve.
Still money is not easily obtainabIe on
time except on the best collateral, am
told, Of one percent per month outside oi
banks on fair business paper. The banks
have not lost the dcmoralized feeling Of
last summer and prefer to hold themselves
strong. Mortgage securities have lately
risen decidedly in price among investors
on account OF distrust OF all kinds oi
stocks. Bank loans, however, have re-
Gently shown an expansion, indicating, il
is said, the formation OF combinations Ia
advance stocks.
ADEAR vtEw.
There is a'great deal Of blue talk here
among the bear element over the situation
ofthe country. According to these peo'
p.e : ..,;.. pe- - ;,sI.,s;aa 1T ,aonou ~.
lor eSefy.n'ne' .ne,e.4ns t.oIeg pto'
ducts, and labor is being established on
account Of the ability to over-produce in
Europe and America, aud accordingly
1886 is to be q year Of continued readjust-
men. 70 .m5 rn;inaas Sm;,aiss T. nner
theo'y - a,As s,,is,;nosad and aiona No Nth n;th
aohe anu nas u;ii sas IL " daeadanoa @ @ -
other industrial enterprises. 1nasmuch,
however, as ican rec recall Ism similar l specuiaI,