Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1886-12-17
A PROBABLE REVIVAL IN TRADE.

Wv al vi INDUSTRIES III poA bioho "
Europe that must exert, if they are
maintained, "a healtbful influence
upon business in the United States.
IN England the revival takes the
form of speculation, the surest sign
of growing redundancy in money
because men cannot invest even in
the most promising speculations
unless they have money to hazard.
The London StdtiSt, after calling
attention to "the improvement in
trade all over the wOrld,O notices
that the effect of this change has
already been to stimulate invest
ments in all sorts of schemes that
carry with them some promise of
success. "Only the other day. 1t
says, comparatively good invest
ments were offered to the public in
vain ; no one cared to subscribe, no
one being ready to enter into new
risks. But now there is an eager
desire to find good investments,
and readiness to support any
thing that is offered on the author
ity of good Names The amount
Of unemployed capital withdrawn
from risk while trade is depressed
and confidence destroyed-no one
knowing IN whose solvency to
trusts always immense, "but
now SAYS the Statist, "that trade
is improving, the accumulation OF
capital awaiting investment forces
up prices IN every direction and
hurries people into demands for al
lotments in every enterprise that
looks sound"
There is also an obvious increase
in industrial activities in this conn
try, and there is an undoubted de-
velOpement of confidence in invest
ments in the circles most active in
trade. Low rates of interest help
this Development of enterprises
that were kept in the background
by the continued dull times of at
least two years past. Portions Of
Virginia are especially interested
in the fact that the most active de-
mand for coal and iron that has
been known for years now exists.
The Baltimore San considers this
the "SuTest evidence of the revival
Of the industries of a country, and
as the surest premOnitOry sign OF a
revival of trade in general.' AS
Stunning that a situation somewhat
similar to that in England is likely
to be seen in American trade and
in business generally, the Sun also
assumes that new and promising
enterprises likely to return an ex-
cess of the low interest of today
will find capital to help them, and
that then will begin the impulse
of speculation.
The Sun says:
"It is here the danger lies, for
every inOrdinate speculative move
ment is bound to end, sooner or
later, in a crash. Thus far with
us the trade and indus
trial movement is a healthy one. 1t
steps off, as it should to be sound,
with a larger demand for coal and
a greater activity in the iron re-
giOns. There, Notwithstanding the
remarkable increase in the output
of pigirOn during the summer
months, the supply, it is reported,
''has not exceeded the demand
The TWO hundred and seventy.three
anthracite furnaces in blast on the
lst of January last have been in
creased during the past ten months
to three hundred and thirteen, and
the output OF anthracite iron alone
from 1,2S9,G3 gross tons in 1885
to an estimated total for the pres
ent year of about 1,S23,33S gross
tons, which would, as the Cone
mcrcidi Bulletin remarks, equal
the output Of 18S2-the largest
output on record" At the same
time, the bituminOus and coke
furnaces in active blast have in
creased during the year from one
hundred and twelve to one hun
drcd and thirty-fOur, and more
than a dozen others are about to
be put in operation. Nearly seven
thousand tons more pig
iron will have been made during
the present year than in 1885, and
from all accounts, taking into con-
the orders on hand, the
left over on the LIST of
January next will be comparative
~ small. Unless, therefore, all
signs fail, the next few years prom
ise to be years to be years of much
activity in trade and manufactures,
not oily because of the normal de-
mand from an ever-increaslng
but also because of the
stimulus that abundance of money
and the restoration Of public conf
lence will give to solid and also to