Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1890-02-01
sENNER's FORECAST.
Tho Ohio Prophet Secs Prosperity Ahead
D.. for tho Year 1900.

prcUACI Luut p'iOOo Ava "S" $50
railroad stocks will advance and be
considerably higher in 1890 than In
1889 and that 1890 will be the most
prosperous year for the iron trade,
railroads and for general business since
1881. Iron 10 the most useful Of oil
metals--it'is the monarch Of business,
the barometer of commerce; Il Is the
great Jupiter of trade and when the
iron industry Is prosperous so is the
general business of this country. i
am we'll aware that my prediction
made last January Of the upward ten
dency of iron and better business for
the year 1889 was considered by many
persons as premature, and would be a
failure. The continued low prices had
made them discouraged. Yet we have
seen the prediction verified-iron has
steadily advanced since the middle Of
February.
The cause and major question which
made the turning point from CONNER
cial depression to activity In trade
was the outcome of the election in
1888, which turned the tide in the
minds of majority of business men
at that time, although the turn In
business affairs was not apparent I'M
ill some time later. However, II was
scarcely q month after the Inaugural
ton of Gen. Harrison when the de-
cline in iron ceased, a decline that has
brought about q widespread stagna-
| ton in the iron world.
A restoration of confidence in the
future has resulted in enlarging trade
and in an increase in the industries OF
our country, making lively continued
demand for iron. A revival in gener-
al business stimulates the iron trade
and a rising iron market is the best
evidence of Il and that 1t will contin-
ne. The aggregate grain aud cotton
crops of the past year are the largest
in the history of this country, which
is an important factor for promoting
profitable and voluminous trade, and
no doubt was the foundation for the
extensive business done during the
closing months Of 1889. Yet the adj
vance in iron had commenced several
months before the extent and outcome
Of the crops were known.
The only adverse contingency that
the most chronic pessimist can argue
against the bright future outlook is
tight money-yet money is plenty ev-
erywhere for legitimate purposes; the
banks in Ohio are overlooking with
funds some of them refuse to pay in
tercst on long time deposits. AS we
look to the general government for our
supply of currency, to increase its vol
uine is plain sailing. Congress should
direct the secretary of the treasury to
issue coin certificates in payment for
silver bullion as fast as business ex-
pands. Should the congress Of this
winter fail to repeafathe internal reve-
nue. laws, then it ought to pass an act
to pension all the soldiers at once,
which will relieve the treasury of a
part of the surplus and place the
money in circulation this year aud
next, while the revival of prosperity
aud increasing business will need and
demand it in the channels of trade. l
predict that in five years from this
time nearly all the soldiers then living
will be pensioned by reason Of the
disability laws which have been and
will be passed by congress.
The business outlook for 1890 is
buoyant for general revival of trade.
We may look in any direction and be-
hold granaries bursting with the prod
ucts Of the land, factories employed to
their fullest capacity; the hum of in
dustry Is now, heard where year ago
all was as silent as the tomb. Rail-
roads were never more prosperous;
they are unifying and consolidating
their roads with immense traffic, and
reaching out IN all directions with new
roads 10 accommodate this increasing
business. There will he a boom in
railroad stocks this year.
The mining industry will feel the
favorable influence the coming spring
the increased demand for coal, ore aud
other materials, with tho revival aud
activity in general trade, will employ
the full ca pacity of the labor of this
country; the demand for labor will
increase, making wages higher.
The growing winter wheat has q IA
vorable start, which is an indication
Of q largegcrDp of wheat the coming
suinmersA The cIups of foreign cOun-
tries arr short and below an average,
which viii make u demand for our
surplus grain. and provisions. The
balance of trade is In our favor.
We observe, as result OF The bril-
liant outlook, that there is universal
scramble for property. British syndi-
Gates are sending their money to this
country by the millions ia buy our
breweries, distilleries, nail mills, cot
tom aud WOODEN factories, oil, ore and
coal lands, furnaces, elevators and all
else they can invest where there is
prospect of reasonable profit. All
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