The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1890-09-11
The Cumberland Valley Extension.

Oh he 18th, with reference to the extern
sion of the Cumberland Valley railroad
up the Valley, ought to be well attended
and fruitful of good results. We would
suggest to those who may attend, the
policy of having as large representa-
ton of the mineral resources of the sec
tion proposed to be traversed as it is
to get There should be |
average specimens of the iron ore, coal,
marble. &c., known to exist, and an in
telligent report on the timber interests.
We feel confident that if the half OF
what really ought to be exhibited were
known to the management of the Cum
berland Valley railroad, there would be
All earnest interest manifested in the
movement now going ON, and substan-
tial aid given to it. The active and
harmonious preliminary steps which
have been taken looking to the Conyen-
ton in Staunton ON the nth, and cred
liable representation cannot but have
good effect. Almost any enterprise,
backed by earnest public sentiment, i'll
the locality where it is proposed to OPP
crate, will succeed, and we are encour-
aged to believe that such will be the re-
suit of the meetings which have been
held. and the convention to be held on
the 18th.
The territory that would be traversed
by this proposed extension would accom-
modate one of the richest mineral and
timber sections of Virginia; open up
region of country whose possibilities are
beyond computation, and invite capital
that could be profitably invested for the
capitalist and the people who own the
properties and those whose labor would
be required in the work of development.
We hope there will be full attend
ance at the convention on the 18th, and
that every portion of each county be-
tween Frederick and Rockbridge, as
well AS Highland, Pendleton and Poca-
hontas counties, will have liberal
specimens of the mineral products which
we know exists. Such An exhibit can
be, and we hope will be made, as will
prove a decisive argument in favor of
the project, and so impress the authori-
ties of the Cumberland Valley Railroad
Compa ny as to assure these liberal CO.
operation.
Liverpool and the Price of w heat.
liverpool fixes the price of wheat"
croak the Free Traders. 1t does moth
ing OF the sort. 1t just buys what 9th
er nations have to spare after they have
filed the mouths of their own peoples.
The United States purchases wheat for
$65, 900, 900 of people, Liverpool for about
80, 900, OO0 1t needs no argument to
prove that the demand for 65.OOO,O00 of
people has vastly more to do with fixing
the price of wheat than the demand for
10000, 900 can have.
But lust as we had finished reading a
Free Traders re-assertion of Liverpool's
price.fxing power we opened a London
newspaper, of August 1, 1890, and under
the heading Corn Markets. wheat be-
ing called corn in England, we read
From the United States there is a
paucity of news respecting harvests in
the Southern States and California.
But as New York and Chicago keep
steady, or slightly advance rates, the
situation is regarded as favorable by our
Sellers
Will our Free Trade friends conde-
scepd to consider this In the absence
of full reports from America, the En-
glish market is uncertain-Liverpool
does not fix the price, you see; the price
is determined by reports of American
rates-.'but as New York and Chicago
keep steady. or slightly advance rates, y
saws the English market reporter. 1.-THE
situation is regarded as favorable by
our Sellers That is to say, the seller
in England holds his demand for high
rates firmly because New York and
Chicago keep steady or slightly advance
rates. If New York and Chicago had
showed unsteady markets. or II their
prices had been downward, English
prices would have declined.
Let us have an end Of the nonsense
about Liverpool fixing the price of
wheat 1t will never fix it unless, as the
result of Free Trade in America, our
agricultural outputs are vastly increased
and our manufacturing population,
which now consumes ninetenths, is
greatly diminished Chicago Inter
Ocean.