The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1891-09-10
Practical Business Man S views

EfaCb1c1i GNSlnGSS Man s. Jews.
The Richmond S5Qte, OF Saturday.
gives the following opinion OF a pronsi.
nent financier Of that-city, on the bust
ness situation and prospects The gen
eral conclusions are fully sustained by the
facts We look for q very healthy and
active movement along legitimate busis
ness lines next fall and next spring
There is nothing that can prevent it. Il
is as certain to come as effect follows
cause and bring about ii a degree of solid
business prosperity That has not been
realized ia this country for years The
gentleman referred to says:
The Arst week IN August he would have been
oouHted bold man VINO would have dared to
predict q restoration OF confidence ana an ad-
vance u 3pecgiatlve stocks ana investment So
cnrities. TIE bis graia crops were fuzzy report
Ell, but no one hau confidence ia his naighhors
Soivency. Money was tending IN New York at z
per cent. per annn3l on call rroGl day to day
while the best and strongest ierunan5s could
not borrow t.Ullar 1T -four. o. SIX uioutls Yjg.-
tenanees. The spirit Of Wsll street reached
through The banks ana through their coFTeapoI-
dents III tie remote rural districts. 10 every
hamlet In Che country Men talk ssIDlY about
beina; Independent u Wali street. New York IS
the hnanGiai centre OF the country, ana when
her naik4 ,iGlI esnfaah Aliiions q idle surplus
fi,onsg sas theT did last weeg, rar,lsine ID lend
il, ey cry coss-foad store keeper n she country
feels 5he pressure.
The month Is moi ever and Whit aefAnge has
come The grain crop et the country. counting
the increase Qf yoiufoe and advance il mice Is
estimated to be worth one thousand millions OF
dollars more than last Years crop. 4ne wheat
regaj4,ts III CHICAGO f1r tlla 1lyst iIaIf 81 Anr,ist
were four nljilio1 bushels, against million
last year. The sterling bits Solo IN New YORK
against grain sAianehts are gorteapqndlngls
large. fGess VIII Be supplemented next month
b. cotton bills, and vilaJ has Europe to give Us
III exchange The dullaess 81 trade IN this
country for Il year pgsu aggravated by the high
duties Of the Mckinley tariff has 50 reduced
Our imports tiaat ahe 0id World must either sell
us our securities very c'leaplS- ono they have
aIready sold Us heaFiy-or send us gold or Dor
WON'T he At cur faet before the end OF the year
All this etlalSa IN l4e outlook has come Within
two weeks. the election New ork has been 4
8 steady advance in all classes OF securities, both
solid and speculative some STOCKS nave ad-
vanced 80 per cent. of their vaiue since the LIST
of August. The boom is too active Tor safety, /
but il is positive and persistent
We advise sill aho havs money in bank to buy
good intArest-paying investments, giving the I
preference to those payable in gold. leave the /
fancy stocks for those who understand them T
ana can measure the risk OF the speculation. +
Some VIII ask, What are safe investments 7
Southern people ought TO bay southern secall'i I
ties because the, know their value sqEiat for
instance, is safer bnaH city of Richmond bonds,
which viii pay four to four and halt per cent,
and are free from cIU3 taxes The stocks Of any I
OF tile Richmond banks may be safely bought.
No Investment in Richmond tor twenty years
has been safer or more {rofttDla tiien the
stocks 81 ael haags l'iQ SENT annual div I
lands are flee Of al taxes. neeanse the banks
pay the taxes. The numerous bonds secured by
first mortgages en- car 2eYelai railroads need
not be mentioned In detail. Ilss man VINO has
money to invest ougnt TO buy now. II lie waits
for three months he viii pay from ten TO thirty
per cent. more. There has not been a year in
5Ee present generation that the signs Of coming
prosperity were SO clear. The only fear is, that
people win beeo1le as wild il thaif fape TO bug
as tiey have bean QufIl5 9 year past IN their
determination to sell.
The Government viii pay Off over twenty
millions or bonds maturing on tile first OF Sep
ember. Those VINO do not nYest before that
affects Gie money market will pay well
their