The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-08-15

epeeiai Correspondence Of InteliIgencer.
&BW YORK. August 1s.-Vaaues on
q stock oz5honge are strong and adj
yoheing. Peace developments were on
ipostsnt gamuius to the upward
movements; but cheap money and excel
ient buglness prospects have been much
flore potent influences, and their effects
have been but partially realized. At
moment, there II a great plethora Of
fdie fuuda Seeking investment and
money iS phenOmenaiiy easy In all parts
q counAry. First class investments
- on q IS 10 4 per cent basiS while
sscond class stocks and bonds are SELL
Ing at figures which bring the investor
3 per cent and hess. Holders would like
more ,pFodtabe investments, but they
arc not 70 be had. As enterprise re-
wives new opportunities WILL be offered,
ana rIteS for money must advance.
Our new possession Cuba, Porto Rico
ard possibly the PhiNPplnes-wtQ aford
some new outlets, but these may easily
be OVGfdone; for neither Cuba nor Porto
Rico has a large population, and time
VIA be required TO increase the latter,
otFeiop resources and create order out
ef chaoS. These Islands can only afford
. VeFy limited outlet for the energies of
TIE United States for some time 10 come.
CIllap money u aiways an important
nld 70 Q "bulf' campaign, and two
sources Of supply encourage ,beaef In its
Abundance for q period OF considerable
length. The banks, aided by the new
per cent bonds, are likely to materially
elpend their cirCulatlon as soon as rates
for money advance. The large increase
a gotd production and the prospect OF
gaid lmportD also tend to casa In money
d higher prices in the sock market
II . Almost needless TO enlarge upon
inpFoVed business prospects, az there
are understood by every intelligent OBJ
server, and readily conhrmed By those
familiar with conditions In the interior,
ESPECIALLY IN the wheat growing and
iron trade sections. The August gov
ernment report indicates yield OF
wheat amounting to COZ, 900 bushels,
against 630,000,0 900 actual last year. AS
4 whole the AGRICULTURAL sections are
enjoying prosperity and there ID every
prospect Of its continuance another
year. Our industries are also rapidly
r6VIvIng, and their promise Is for con-
tin-ued activity for some years to come;
n fact, enthusiasts anticipate posi-
I've BOOM which Is neither desirable
nor probable yet. While the railroads
are doing a heavy traflc-much OF II at
q sense.eES Eacrihce-and putting them
5GlSeO IN good financial condition, the
industfials are coming to the front a.
proHt makers and scoring handsome ad-
vances. They ofIer tempting Induce
mentG to the spectators, but must be
ssstAk a ms NfnFf Trade
conditions favor larger earnings. but It
must be remembered that many OF these
concerns are particularly exposed to
new competition In good times from es-
tabiishments having lighter capitatza-
ton and the m8St modern equipment.
We believe the stock market viii reach
q DtAi higher level accompanied OF
course. with The usual setbacks.
~ point has been reached in our ne
gotiadone with Spain which places the
mai conclusion Of a peace among the
certainties. Spain has consented TO
conditions which put al her West In
dian colonies under the controt OF our
arnp and provide for the return home
Of her troops. The arrangement for the
disposal Of the Philippines is less abso-
fI1te and leaves much TO be determined
By the Joint commission OF the two No
lions; but as the city and bay Of Manila
and the contiguous territory are to re-
main in the occupation OF our forces,
that fact Will give US a large influence
IA enforcing such terms rs our govern
nien& may consider II necessary to de-
Tiand, This Is cOnfessediy the most df-
feut question TO be disposed OF In the
pace negotiations II Is not easy to say
what Is the opinion OF majority Of our
own peOple.-a matter to which the
President must pay respect. Beln9
IarEesy dependent upon strategic con-
alterations. Il Is Important to ascertain
from our military and naval officers
what arrangements Of that nature cal
for; but Euch advice needs to be wei
dalfberated and cannot be had in n day
We cannot be sure that foreign poweri
have no designs for getting, In some was
Or Other, sHce Of the is.audg; and that
consideration suggests the prudence o.
q treatment Of this factor which will
admit Of elasticity and diplomatic re-
source. Again, It Is Impossible for oul
gOvernmep; TO ascertain In n few days
what arc the capabilities OF the Philip
pine races for self-governnebt, arc
what can be done with ABulnaldo ant
hiB lnsurEent followers, With so manS