Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1885-04-29
MONETARY AND COMMERCIAL.

If the complication between Great Britain
and Russia shall assume n state of real war, u
would probably continue till the exhaustion OF
one or the other of the great powers. Affect
ing directly, as it woult, 100 000e00 of Russia,
5000 900 of he Uutted Kingdom, and perhaps
more than those two asgregated--the pOpula-
ton of India-and thu vast incidental troubles
which might arise in other counties, will pro
duce state of things which cannot be fore
Swallowed.
The trade relations between Great Britain
and the Uni'ed States now are $500 900 600 of
merchandise imported to this country, and
exports hither s415,OO00OO, more than ! aft of
our exporrable supplies. Our commerce with
Russia is dIminutive as compared with her
antagonists. We take s.. OOO. zoo only from that
country and export to it 100000 of values,
The above summary is compiled from late
circular issued by Henry Clews d Co.. New
York. which. after reviewing all the real and
probable conditions to which the interests of
the United States can be subjected, adds the
following:
Upon the whole then, it seems reasonable
| to tOuciude that. while war between Great
b. tain and Russia might bear somewhat in
juriousiy upon certain American interests YET
there are otner interests which would be very
| directly bepefiied through England being
m tde dependant upon us for extra supplies;
and III hougb Il. ultimately, we should be exposed
10 opposite effects yet the first effect of such
sta lie of things would be to create increased
| nc ivisy in important branches of trade and to
slim ulate speculative operations. We are not
amongst those who regard these effects as hav-
ing by any means been already fully antici-
pated: for the influence o. those who iave
act. d upon the affirmative 8 de of the proba-
bi tiles has been Offset by operators who still
expect peace. and the rise IN prices that has
! occurred HIS been largely due to entirely diff
fereut causes"
3Independent.y of war considerations, the
M ion, fflIr in INT
improving Any sudden recovery from the
late state of depression is not to be experted;
b there is no reason fer appr. hension that
| The improvement which has distinctly set in
may not b. steadily maintained. There exiss
| no such prostitution OF CREDITS ss followed
former panics Lenders are still cautious bui
Il o. to an excess that prevents the procur ement
of credit bs sound borrowers aud for merito-
rious enterprises. The banks are so plethoric
in Ourc9s AZ the rate OF interest is SO low,
that there is the strongt st possible indncement
to lend where ret soma Bile security is presented:
and any Increase of speculation in securities
would. vi.h the present very low price OF
stocks. be sure of all needful assistance from
lenders. INDEED, the impression is gaining
ground that the condition of the loan market
will of itself force an early revival of specula-
tive activity"
The following summary in relation to the
wool trade comes from Philadelphia, the lead
ing market Of the country. The conclusions
foreshadowed. though far in the prospective,
are OF without interest to many readers of the
SPECTATOR, who will soon have, another fleece
in hand The wool crop is annually increas-
ing in our section, and the IN ormation given
above at least furn ishes good reasons why en-
largement of folds should continue:
wool growers can rest assured that bottom
has been reached, aud while prices may remain
stationary for another year, the time cannot
be far distant when the tarn will come and we
Will have series of Years of advance and a
cons que return to prosperity.
The depressi N of the wool interest has
caused n great reduction OF the Clip OF the
world, until it is now smaller Than the actual
needs This deficiency i'll he felt as soon as
Surpus old stock + exhau ted. THIS is
now taking pl zee. For several We IrS the faulty
wonl accumulated largely in all Northern
markets these wools have now gone into con-
sumption and are no 10, ger u menace"
The Baltimore grain market is active and
firm. To-day's kilograms quote Fultz wheat
81 to 81 ". longberry, No. 2, 99c, and best
grade 81 OF to s. 10.