The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1886-01-02
new YEAR HOPES
As REVIEWED BY MII1IoSAlREs,
Money Long Idle Now Being Taken Out fer
IaVsStmsnt-PrsdIstiOnS Of Good Prices
for IhO New YsaT-U -UonfdspSs Being
Observation-Disclosures Review.

BosToN, MASS, Jan. THE Globe Ia
day prints q special business edition
showing remarkable improvement in Al
kinds OF business during 1885. ANON
other matters are interviews with Oyru
W, Field, Jay Gould, Russell Sage, Ez
postmaster General James, ?. Hunting
ton, and other millionari on the buSl
ness outlook for 1885,
Cyrus W. Field said there was not tht
slightest doubt but that business is i'm
proving, Steel rails could be bought uil
months ago, he said, for SIS q ton, aud
now they were glad to get them for SS5 4
ton. He had been talking while coming
down on the elevated road with the pres,
ident Of q trust CompAnyS who ysaid that
now there was an increased demand for
money and that numerous customers who
had been letting their money lie idle were
now taking 1t out and investing 1t In va
rious securities.
"Just look at the holiday trade" he
said, ut has been remarkable for itS
strength and wide diversity. OF course,
prices in some classes Of goods have not
been so high as 10 some years, but on the
whole, It has been very good, Then,
again, railroad bonds and stocks have risen,
and will continue To rise"
but the rise In stocks may be duo to
manipulations," suggested the correspon.
dent.
manipulation could not produce such
rise In values as there has been,h said
Mr., Field, 1.-THE investor is buying and
buying largely, too. BusinesS will be ex.
Cellent next year, and we will see as good
prices as we had in 1880"
JAMES AND HUNTINGTON.
Ex.Postmastel.G Gsneral James president
Of the Lincoln National Bank, said that
banking business was very good and he
did not see any reason why it should not
be better for 1885. Confidence is b,ing
restored thoroughly sndreliably, and that
is what we want, Money Is in better
demand and rates are better. think the
settlement Of the great railroad wars was
u good sign and the public thought 60,
too, and Withdrew their money from the
banks aud other institutions and invested
Ip stocks and bonds OF the railroads. be.
We've you will see Ss good prices before
1856 tx pireB as you saw In President Gar
fields time. There 10 some doubt In re.
gard to the silver bill, but | think there
will be compromise adopted which will
be acceptable 70 every one interested and
a..
are Batittisd hers with the outlook"
y. p. huntington, Of the Central and
Southern Pacific Railroads, said that he
believed busInsss was going To he good In
1885 aud that 1t wSs going TO he better In
1857. He expected general advance In
everything aud that the values OF every.
thing would increase. "When was les.
tiiyiDg In the court ouCe," said he, "the
Judge asked me how knew the value OF
y certain thing. Ireplied that felt 1t in
the air. have found that in most GASES
| am right, The atmosphere seems to
give it to me. You will Gpd that ior sey.
erAl yeaFs everything goes up IN price
until II gets too high, and then 1t travels
down two or three years and then II
commences TO riso again. l can't say
when these things will be, but am sure
that prices will be higher In 1887 than In
1880, and next year they will he higher
than during the year Just cloSing"
aouLn RATHER AETICENT,
Jay Gould was found at his Office, in
the Western Union Telegraph Building.
He received the correspondent pleasantly,
but was not over communicative. "Elgh.
teen eiShty.si1," said he, "is too lar OF
for me to say anything about 1t. It 10
enough ior rae 10 provide Tor the day."
Russell Sage preferred to say nothing on
his own account. "You 20 and see Cyrus
W. Field" said he; an endorse to The
letter anything that he may say about
business"
s; W. White, the proRluSnt Wall street
broker, said: There Is good deal OF
cause To- believe that values are going 10
be higher compared with the closing year.
We have had fearful thrinkage IN rail.
road and other securities, which has been
hard on the capitalists above any other
class Of men, but the settlement OF the
railroad war brinRu good receipts into the
treasures, Which In time 90 into the
pockets oi the men who labor. think
that the silver bill will have disturbing
influence until II Is settled. There has
been retrenchment In ell the trades dur.
ing the past year, and now they are pre-
pairing 70 de-, better and as they continue
to grow the NorkiAg people will be bene.
fited. look for much higher prices next
year on q better basis ot.vRlues."