Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1893-09-15
THE OUTLOOK FOR TRADE

THE OUTLOOK FOR TRADE
What the man on the top Of the mast Of
ship at sea is TO the officers and men be-
low are the bankers and wholesale mer
chants TO the commercial world. They
are always on the lookout for danger ahead
or tot land. Their long experience tells
them Of the coming storm, and also Of the
Frightening Of the sky. This fact is so well
recognized that when these men discuss
commercial situations their words have
weight with those who listen.
The Baltimore Sunday Herald, of the 10th
instant, writing from this standpoint, makes
the following healthy showing:
"There has been no relaxation during the
past week In the general trade improve.
ment. This, on the contrary, has still fur
Their progressed with the steady improve.
ment Of financial conditions, and from all
sections of the country reports sre becom.
Ing more encouraging. With easy money
at nearly all the financial centres and the
total disappearance Of the premium on cur
rency, 1t will not be long before the trade
recovery will be complete and normal con.
ditions re -established for both commerce
and finance.
"In the industrial lines the process Of re.
coyery has kept pace with the improvement
10 others, and further number Of mills and
factories have reopened, with fair number
of new orders. Business failures are de.
cidedly on the decrease. What remains to
bring about full restoration of confidence.
In all departments Of finance and trade is
the passage Of the Wilson repeal bill by the
Senate, whose favorable action regarding
the latter is generally looked for
an view OF the better financial conditions
prevailing, speculative markets have shown
strength, the interest OF traders being stim.
ula.ed alike in cotton aud grain. With re-
gard 10 the former, much Of the bullish feel
ing Is also due 10 reports Of damage 10 the
new crop, which were yesterday confirmed
by the official crop report. The latter makes
the condition for September 1874 against
768 for the same month last year. For the
trade week ending on Friday the advance
In prices was 3.16 cent, followed by further
rise Of cent per pound yesterday for spot
cotton, with an advance Of 10 to 10 points
In future prices. Receipts Of cotton In the
past week exceeded those for the week pre-
vious by nearly 10000 bales, while exports
show about as much Of a falling of. An
increase Of 5000 bales has occurred 10 the
consolidated American stock.
"The advance 10 wheat amounts 10 about
Accents, and Is partly the result of good
export movement. Il Is thought that, ow.
ing 10 the very low prices at which this
cereal has lately sold, the wheat acreage for
the coming season may be reduced. The
present movement Of wheat is rather limit.
ed Corn has advanced about 8 cents, the
rise being mainly attributable to spprehen.
sions Of damage from drouth.
Business failures In the United States
numbered 1923, against 1856 in the preceding
week The stock and bond market has
ruled active and strong throughout the
week. A very favorable statement Is again
to be noted for the New York banks"
With this cheering prospect before Us we
ask Do the hoarders Of money remember
the parable of the fellow who, having been
intrusted by his lord with a talent. was
afraid and went and hid II In the earth p
He was rebuked for his Stiffness, and told
that he ought 10 have put the money to
the exchangers," so that be could have paid
IL back with usury. Hoarded money profits
nobody. Don't hoard 1t, pass II over TO "the
exchangers" where II will pay debts, put
bread In hungry mouths, give work TO idle
men, and profit every one.
Every day suspended banks are resuming
operations, thousands of idle men have been
set 10 work 10 the past week. Nothing is
needed to insure general resumption but
little more life, blood In the veins Of trade.
Money makes the mare go. Don't hoard II.
Stocks are advancing. Work must 20 on
In. the fields, In the shops, In the mines -
People must live. The wheels must turn.
Now is the time TO buy, to invest 10 put
money in the banks. Why should these In.
dividual holders Of currency hoard paper
notesI Don't do 1t. The wheels OF trade are
tnrning-help them TO turn and whilst help.
ing others you will help yourself.