The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1890-07-03
The Signs of Prosperity.

The signs OF industrial prosperity are
briefly stated by last weeks report from
Philadelphia, as given in the sLynchburg
Adodfce. We quote this as showing the
substantial nature of the active business
that is now going on, and the promise
assured for the future. In Virginia.
there is remarkable activity for this
State The mineral interests here are
just beginning to attract general atten-
ton. Before the close. of the year we
expect to record a large inflow of capt.
tai into Virginia and West Virginia,
and the steady and rapid development
OF the iron and coal mines and forest
wealth-of the two States, and vet it is
not a boom. There is nothing abnor-
mai about it. The vast mineral wealth
which exists in the Virginias will justify
the use and operation of millions on
millions of dollars more than we can
reasonably expect to locate here. But
the natural resources are here for all the
surplus money that either the North or
Europe has to invest, and it is coming
BY degrees an approximate knowledge
of what we have will be disseminated
and when that is done, money will pour
in TO get the best chances. Ii the capt.
tadsts OF the east could be well cor
WINGED of the enormous profits that
could be made by coming to Virginia
and taking hold of the mineral and tim
Der lands now awaiting enterprise. they
would come by the train load, and lose
no time in placing their money where it
would do the most good. But to the
article we have referred to:
Last weeks business transactions in fifty-tive
OF the leading cities of the country amounted
to27 per cent. more than for the corresponding
week of last year. This is the largest gain upon
record business is booming. Buyers of MAJ
ch1nery and of merchandise of all kinds are be-
ginning to fear that there will be an advance in
prices when the fall season opens. Jobbers re-
port a hurrying in of orders ON this account
Manufacturing establishments in all parts of the
country are running full handed, and have ex-
celient prospects, in most instances, for an
abundance of business for the remainder OF the
year Profits are low, but this is good sign.
The farmers are making money, although they
land is to be reduced to cultivation for next
year, The makers OF agricultural machinery
and implements are now on the market for large
quantities OF iron and steel, thinking it better to
buy far ahead than to be caught without sup
pies plies on, on an advancing market Everything
with July lst. The railroad managers are in
high glee over the fact that things are being
settled. and that there are prospects of less
wrangling over rates. The banking interests
east are grati1ed at the extraordinary demand
for money and the good rates of interest. The
politicians at Washington are doing their best
to settle the silver and tariff questions. There
some time to come, If the silver bill passes
S5a' 100000 wiz be set atioat!by way OF releasing
the funds held for the redemption Of national
n q q mi Cyxyo11 hpy,1
clearn1ngs, show great activity. Crop reports
tal are being talked of, to operate in extending
trade and commerce between different coun-
lish Government Rank, in order to cultivate
trade between North and South America
wnf9n Marker Of has lust
$25, 0OOO00 it is composed of leading American
and British capitalists.
just authorized the issue OF $15,00Q,0Qa in per
cent. gold bonds: two OF three large South
American companies are about to issue large
quantities of honda, in preparation for the bun
movements which are now looked for on all
York show advances growing out Of strength
ening confidence in railroad management
me weekly output 30 Of o crude iron in the United
tons are made in eastern Pennsylvania.
American machinery is being imported into
great deal Is now going to South America.
Foreign machinery makers are watching our
CAST iron pipe is being made in Alabama for
shipment to Denver. Michigan ore producers
are buying their heavy machinery in Pennsyl-
yania; SO are the large coal companies in Ten
neSSee.
All eIectr1caI YeppIIaIUo1
Which viii change the air in large apartment
every two minutes.
honey pipe line is projected from the noun
tain apiaries OF southern California to near by
towns.
A cracker trust with capital of $4,000 900 has
been formed at Minneapolis
Wonderful development is going on i'll the
coal fields of MARYLAND and West Virginia; tun-
nels are to be built to facilitate the shipment of
coal, and 1A miles of new railroad are now be-
of the fields.
The Farmers Alliance of the West are on the
warpath after the spectators who advance the
prices of what farmers buy, and depresS the
prices OF what they have tt sell.
Farm lands in England have declined in value
from $500 to Sl20 per acre, within a few years.
The largest crane i'll the world has Just been
n.y. of Alliance, Ohio; it win lift i1,i tons
new electrical coal cutter Is being brought
out in Boston. 1t makes two four inch cuts in
five minutes,
A 900, 600 stoek.company has been organized to
'huild cotton and wooden mills at Houston, Tex
as. Florence, Ala is to have $l000OO cotton
mill; another is to be built at Monroe, La, by
company with a capital OF $E'U00O. The capital
stock OF great many southern companies Is be-
ing increased-in some cases two and three fold.
One of the finest cotton mills i'll the south is be-
ing erected at Galv
South Carolina Is making rapid progress as n
manufacturing State and cotton mill building
is being as actively pushed there as any where
else in the south.