The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-11-15

well as other civilized and go-ahead un-
lions These results can be achieved
through peace alone, and not BY ma
tions taking each other by the throat
process utterly destructive of business
interests. The great nations OF the world
have reached point where wise and
adroit diplomacy Is the best means OF
preserving peace, Our public men In this
country have yet to realize this fact.
What is needed more than anything
else IL specific education TO qualify stu
dents for up-to-date craftsmanship. We
have felt the hurtful effects OF rough
methods now long enough. The last
clause of the Venezuelan message
which produced disaster to business In
terests almost as great as war would
have done, was an evidence of this.
In some other respects, conditions af-
fectlng the securities market have Inn
proved. The yellow fever has almost
died out at all points, which VIII have
the effect OF reviVing business In local
tiles at which 1t has been suspended for
some weeks and OF transferring to the
railroads large quantities of freight
which have been held In quarantine.
The roads connecting with the Granger
states stlll show large increases OF earn
ings. Notwithstanding that the farmers
are holding back their grain In the hope
of higher prices. Advfces from the
west indicate the prospect OF an extra
ordinary trade next season with the
agricultural states, as the farmers Will
then be in receipt OF the whole pro-
ceeds of their crops. The fall In the
price Of anthracite coal has been con-
strued as an unfavorable factor on
Wall street and was the cause Of some
selling. II does not mean, however,
that there has been ang failure In the
demand for coal, but rather that the
producers have taken too sanguine
view of the prospective consumption
and run into an excessive output Nor
is It considered how much benefit this
reduction In the cost of power brings to
the Industries and the railroads. The
country can never be hurt by reason
ably cheap coal. London has been. dur
ing the week. q free buyer of our
stocks. and also q seller; but Its pur-
chases are estimated to have exceeded
It's sales by about 10000 shares.
The following IL a synopsis in brief of
the situation: The forces working for
an Involvement In the financial sltua-
tlon are substantial. Those In the OPP
posito direction are mainly sentimental
The basis OF the recent advance In rail-
road securities IL still In existence. l
venture the prediction that the coming
spring business of this country will DO
the largest on record a better under
standing between this government and
that Of Spain, which Is very percepuble,
will make war rumors Of materially less
Importance hereafter The decision Of
the supreme court in the Alabama rail-
road case was not only important as a
decision. but also In showing more
favorable attitude to railroads; the re-
clsion of the appellate court in this
state. which weakened the LeXow at
! tack under the trust law, on the anthra-
cite coal properties; the London change
of front in becoming more favorable TO
American securities; and the continual
ton Of the large exports, especially Of
whcat-all these factors combined fur
nish strong backing to the side Of
| confidence, and take the sharp edge off
| the bears weapons, which have lately
! been irresponsible rumors. The market
has already suffered n very heavy de-
cline. and will soon have fair advance
as natural reaction at least
HENRY CLEWs.