The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1885-01-05

at 800; Delaware and Hudson opened NJ
1851, and has declined to 10; Jersey Cen
trail opened at 81 and now sells at 44s.
West Shore bonds opened at 67t and have
declined to Al. But, despite the heavy
shrinkage Of valuations both in stocks
and merchandise, 1t will appear that the
aggregate value Of transactions as repre-
sented by the exchanges in our
leading cities surpass the record
of 1880. In the productions Of
the country, also, whether manufactured
or agricultural, there is an enormous in
crease. OF grain there is almost no limit
to the yield. The wheat crop Of 520, 00O,-
900 bushels-l00, OO0, 900 larger than that
OF lSS3-is supplemented by l,SOO, 100000
bushels Of corn, surprising ailprccedent'
Again, although many OF our large estab-
lishments using steam coal are less active
than before, the aggregate output tot our
anthracite mines exceeds 3O,OOO,0UO tons,
which Is only shade less than the con-
sumption for 1888, the largest ever known
and this, Notwithstanding the increasing
demand for bituminous coal for like pur-
poses. The production Of pig iron is also
heavy. but considerably below that
OF 1Ss3-according to some est-
mates about II per cent. below. Then we
have to add to the annual acCretion OF
material wealth some 26,500, 600 barrels OF
netroleum, an amount rarely exceeded.
Annual statements coming to hand from
our leading cities in all sections are I'M
expectedly favorable. The main difficulty
experienced seems to have been not 80
much the lack OF business as the low mar
gin Of profit. The competition arising
from superabundance no longer permits
tho rapid accumulation OF fortunes in the
sphere OF legitimate business. But with
the coming revival OF activity the excess
siye production will soon disappear and
the normal relations between supply and
demand be restored.
We should endure the present .unsatis-
factory condition OF business with pa
tience, knowing that 1t cannot possibly
continue much longer, and VIC should look
forward to the future with hope, nottaking
counsel OF our fears, but trusting rather to
the inspiration OF cheerful prophets, such
as Henry Clews, the banker. ave shall
soon" he SAYS, center upon the new year
and under favorable auspices, produced by
cheap food, cheap clothing, cheap money,
cheap stocks, cheap passenger fares, cheap
freights, cheaper Coal, cheaper labor, and
wifi the prospects Of cheaper re1sts and
cheaper real estate, which, united, consti-
tute u solid basis for real prosperity in n
country Astounding in inexhaustible natu-
raj resources. Hence hope should now
take the place OF doubt, and bythe world
recognized enterprise OF our people we
will soon get out OF the present gloomy
rut, and an enduring prosperity will again
reign throughout our land"
10 the same effect is q statement from
President Parker, Of the Produce Elk
change, who says: u believe that very
soon our export trade will showa vast in.
crease. should not be ut all surprised
| il within the next sixty or ninety days q
general advance in prices should take
place, based upon the export demand. l
think so, because in my opinion, foreign
countries have been consuming their own
productions very freely. They must SOON
er or later exhaust their stores. Then
they will be forced to call upon us to re-
plenish their market"
In the West an early improvement in
the transportation business is confidently
expected rs q consequence Of an increas-
ing export demand for grain and flour,
and quite a number OF the leading mer-
chants and manufacturers Of Chicago,
who have expressed their views on the
subject, concur in the belief that bottom
prices have been touched. However this
may be, it is at least satisfactory to know
that, SO far from yielding to a spirit OF
depression and hopelessness, there is q
widely prevalent belief that the good
time coming" will not be long delayed,