The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1891-09-10
Financial Signs.

1t must be a blind man who cannot
see signs of quickening and promise in
the financial sky. Probably as favora-
BILE conditions have not existed for the
| past ten years as now confront the bust
ness world. Plethoric production, emp
! ty markets, money to buy with and Eu-
ropean necessity clamoring for American
ably gorgeous and high-colored picture.
To begin at the foundation there is
no longer any fear of monetary stringen-
cy. The government day must make
large disbursements in retiring the A.
per cent. bonds, pension payments are
also due this month, the issue of silver
certificates will be large while the mon
ely being sent out to the rural districts
for wheat, corn and potatoes will speed
! lily return to the banks after having dis
charged scores of outstanding debts all
along the line. In short, money is on
! the jump, and no longer locked away
in bank vaults and safe-deposit drawers.
The railroads also are exhibiting signs
of remarkable activity. During the last
fortnight the July reports OF abont $50
roads have been published. These, in
the aggregate, show that railroads
earned s per cent. more in July this year
than III the same month a year ago, the in
crement of increase being nearly "a ,000,
600. In this connection it should be
borne in mind that the grain crop was
! not moving in July, and that the in
l,crease III net earnings was due to actual
betterment of business. When now it
is considered that the biggest wheat
corn, rye, oats, cotton and sugar crops
of recent years must be transported to
market, one is easily convinced that rail
will be limited only by the capacity of
the roads to carry freight.
Another favorab BILE sign is to be discov-
cred in the stock market. Last week
Argentine securities rose a little in Eu>
ropean quotations. That means that
buyers are on the exchanges. 1t means
that the wave of distrust which started
in May a year ago and swept the Bars
ings off their feet has spent its force.
Brokers in New York and London are
receiving small orders from their old pa.
irons, and improving business in legiti-
mate trade will soon set speculation to
humming again.
These are only few signs Of the bet>
terment everywhere visible, but they
are significant indications of better
Times in the financial world
The cotton pickers of the South, num-
berlng 500, COG, have determined to strike
on the 18th of September, if their de-
mand for an increase of rates is not CON
ceded. A circular, signed by Mr.. Hum
phreys, who claims to be at the head of
the colored Alliance of the South, has
been sent out to all Alliances, ordering
a strike, as above stated, if the demands
of the cotton pickers are not recognized.
Humphreys, no doubt will do a great
deal of picking himself, but it will be of
ducats from the colored people, and for
his own benefit
Melville E. Ingalls,, president of the
Chesapeake and Ohio and Big -Four
Railroad system, and prominent Dem
ocrat, has just arrived home in Cincin-
natl from six weeks tour in Europe
and denounces the free silver plank in
the Democratic platform. He predicts
a Democratic defeat because of Demo
cratic blunde1ing on silver
Confidence in financial circles grows |
stronger every day in the .centers of
trade and the belief seems to be general |
that there will be steady activity ia
every branch of trade, and especially in |
investments in the South. 1t will not |
be long before we feel the effects in this
section, and when revival does come it
will come to stay.
1t is saidsthe Golden Free Trade Club
of England, has promised to contribute
100000, if necessary. to defeat Mc>
Kinley for Governor of Ohio this fall. !