The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1891-08-20
Business Outlook,

The sudden rise in the price of wheat |
in Chicago and New York, and indeed |
all the other grain centers, has had the
effect to remove the paralysis that had
partially settled upon business generally
and revive the spirits of the trade cen
tiers of the country. The reduction of
the tariff by Germany on all breadstuffs;
the prohibitory decree against the ex-
portation of rye from Russia; the large
deficit in the crops of all Europe, as a
whole, and the immense surplus that
America will have to supply it, all point
to prosperous times in the United States.
The wheat crop, taking all the wheat
producing and consuming countries into
the estimate, will fall short 5000, 600.
This means an extraordinary demand
for the surplus of this country, ana also
a large demand for the corn crop. 1t
further means a return of the $40, 000, 900
of gold exported to Europe from the
United States within the past six months
and large additional importations to
purchase the absolutely necessary bread
stuffs for England. France, Germany,
and other European countries. Already
the outflow of grain has commenced, III
large quantities Orders are on file, in
deed, for all the wheat this country will
have for shipment; and a like demand is
now coming in for corn in large quanti>
ties. The financial condition, FORTUNATE
ly, of the importing foreign countries is
very strong and ample to meet the re
uuirements of the situation The effect
on trade and business is already SEEM
Confidence is being restored; bonds and
stocks are in better and sitter demand;
and money is coming out from its hiding
places to enter the channels of active
business. Large sums have gone west to
assist in moving the crops, and grain is
pouring into the shipping points in un-
expectedly large quantities. Altogether
it appears a returning tide of prosperity
is on us, and we very confidently look
for revival of business throughout the
country.
This condition is what we have ex
pected. There has been no sound rea-
sons for the timidity and distrust which
have of late affected trade. There is
$70000,000 more money in circulation,
or locked in private boxes, than there
was this time last year. We have more
created wealth as the basis of pros
perity and legitimate business, than we
have ever had before; and all that is
wanting is the feeling of confidence now
developing slowly, to place all business
in healthy condition. We have every
reason to believe that we will have a
prosperous condition of things this fall
chat many will seek investments in
good paying mineral properties and Sc
curities, and that an era of great ac
tivity and prosperity will be with u.s.
We think it quite likely that the ten
,iency of capital will be largely in the
direction of mineral properties and real
estate investments, where values are lie.
ultimate and not inflated, instead of rail
road bonds and stocks There is less
iluctuation.i in them, and more certainty
of remunerative returns, and vastly
greater, continuous and reliable re,
suits. The signs all point to "a revival
of business and, healthy activity in al
legitimate lines of endeavor. The Far
iners will especially be benefited by the
turn in business affairs, and they, of all
others, will have cause for congratula-
tion, as they will find a ready market
and good prices for all they have to sell.