The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-07-29

AANN 1AN So ANN NASfN W.
been unsettled by possibilities connect.
cd with tho Bulgarian difficulties, aud
there is still remaining some diStrust In
England aud Germany concerning u
national finances u fear that our polIti-
cal ~jealousies will delay currency re-
form to a disturbing degree. Finally,
the restless attitude Of labor threatens
the peaceful progress Of the industrial
future; for many wOrkmeR ara demand.
ing q restoration Of wages out OF all
proportion to the improvement oil their
empIoyerS' position. until tho latter are
often embarrassed by suchuncertAinties,
These are the conditions which &C.
count Tor the present dull condition Of
tho stock market How long they will
delay the recovery, which is suro to on.
sue, only time will determine. The geu-
eral trend Of affairs Is strongly toward
improvement, and tho stock market will
certainly anticipate the future when the
time for action ia considered ripe by the
large capitalists and operators who
have so mach at stake in the reorganI-
cation schemes now IN progress. When
the coal trade aud trunk limo difficult
ties are settled, aud when tho financial
status OF Northern Pacific. Reading,
Erie and other like properties 10 no.
stored, then the market will be tree to
respond to tho effects Of a big corn crop,
the industrial revival aud better rail.
road earnings. Important develop.
ments In these quarters may bS expect.
cd almost any day but while uncer.
tRinty lasts nc boom rise eau be eStab.
Iished.
Tho outlook for tho future 10 promiI.
ing, aud eventually We look for a higher
market, but present operations mood to
be conducted with more or less caution.
Four dAyS more will bring lis TO the
date Of August !, when the cor crop
will have about passed any serious K
posure to danger, especially such as &C.
cured last year. The damage thOn was
| from drouth, which almost cut the crop
in two. The cause Of damage which oc.
cured last year commenced in the mid
die OF July, and ten days thereafter this
country suffered m aggregate loss Of at
least S4O0,OO0,000. From the present
outlook this years corn yield will DO
| tho biggest on record by SOyora! hum
dred million bushels. in which evont II
will bring an amount Of prosperity 70
the country that will gladden. the
hearts OF almost everybody. The pres.
ent swing Of good business in all ditec.
tions will then have q basis Tor It's con.
tinuance until tho result OF next years
crop is ascOrtained. The crops OF this
country each year ars tho measure Of
our prosperity as much as gold iS tho
true measure Of values.
A member OF our firm has just 70.
turned from an extensive western trip,
including tho corn bolt, and reports
that ''The corn crop could hardly DO in
better shape than II is at present,
There have been numerous rains OF late
and sufficient moisture Ia now in tho
ground 10 obviats the likelihood Of any
damage by tho hot winds to DO looked
for at this time OF year. Tho corn Is
full Of vitality and about three weeks
ahead Of the season, which considerably
Lessons tho probability Of damage by
carly frost. Farmers are jubilant and
the railroad people say they will not
have cara enough to carry tho corn out
OF the country II present prospects con
tinue. ThOre Is any number oil well in.
| formed people in the west who are look
ing for a 2,4OO,0 900, 900 corn crop.
In connection with tho advance In
securities generally, which has been
| quite considerable within q lew months,
the general and erroneous opinion Gu
tertainOd 10 that tho established high
quotations Of tho %vations properties
dealt in on tho Now York stock OK.
change arc based solely upon tho In.
creased intrinsic value consequent upon
improved earnings. While Il is partly
attributable to that cause, II 10 moro
largely duo to tho changed value Of
money, not only in this country, but all
oyor the world. II now takOs u million
dollars TO produce tho same income
which was formerly derived from $500.
OOOthFough sound Investments or tom.
porary loans. Money has really been
| d%isplacod In connection with business
undertaking. BY tho usn OF credits
bnsed upon increased confidence. This
has causcd MI accumulation of monOy
at all tie great c%ontrGs, which Is now
awaiting Investment, and now Invest.
| mcnt properties Of Il solid character
nave not boon crORtod to Rny great OK.
tont during tho past iivo years, ulhcO
the BafIng panic Ia 1897, Tho compe'
litlon for Bound Investments whore tho
principal liz absolutely Saio baS boon 30
keen az to absorb all this class OF 40
curitlga.
Tho difficulty in making good invost
men,s both horo aud In Europe Is now
p%oIpleKing thOsu who hnyO u largo SUR
titus oiiunds on hands THIS o9hdltloh
Of affairs prevails In Now York, London,
Paris, Berlin, Amsterdam and an mo
other money ContrOs, aud 10 !lkoly to
continue until some now aud Bnio menus
ntS Devised for probably employing