The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-08-29

SERIOUS PROBLEMS LEFT BY
THE WAR
e,,.,aJ Correspondence of IntelllEencer.
yEW YORK, Aug 27.-The advance
{, .,osks has reached a point where pur-
r55ses will have TO be made with great
~ discrimination than a few weeks ago.
Some stocks have had unusual adj
y,rres and buyers were justified in
,sgIpg some profits, no matter how
nr5mlslng the future appeared. This
'roak there has been considerable realIz-
ing by both insiders and the shrewder
class OF operators. Strong manipula-
tron carried some of the specialtIes up
ward too fast for stapibillty, and certain
,,s,Ialtles may soon develope setback;
besides a halt when It come In the up
ia movement OF the best dividend
,'Sysrs will naturally deprive the mar
III M strong support. There was also
" fssllpg that the making Of peace with
Sr,ln has been about discounted; and
RAJ II IS now prudent to await
crIg results and a further i'm
,,royemrnt In business before BOOM
irr the market much more.
4 Few operators professed fears OF high
or money rates. Not any OF these fac
tors however, were of much conse-
onen,,,. Prices have advanced to such
birh fCures that moderate reaction,
admitting fresh buying interests and
isysIIng the pyramid" accounts, would
strengthen rather than weaken the mar
Lat Under present favorable condi-
lions no violent reaction can be expect
ed Money rates may harden somewhat
when crop and Fall trade demands as
srrt themselves. but any, decided rise
IN interest rates will rapidly bring gold
from Europe and renewed ease in money
The most influential factor in the stock
market Tor some time 10 come viii be
ths radical change in public sentiment
from doubt TO confidence. which has re-
ceIved powerful stimulus from the war.
The new feeling Of national self-confi-
dencc has eXerted an unseen but none
the less real effect upon individuals: our
leaders have suddenly become optI-
mlsts; old doubts have been cast aside,
and new hopes are revlyinE enterprise
and Industry. The effect Of this state
OF affairs is bound to assert Itself very
effectively on the Stock Exchange At
the moment prices may show some hesi-
fancy in the forward movement. but
this can only be temporary. Increased
earning and increased dividends cannot
Be ignored. and IN due season prices will
show a still higher level, especially IT.
the lower grade properties. Among the
changes we should like our customers TO
-F,s Ia md L.
opening OF Congress Is usually looked
forward to with dread and as time for
s7lIng stocks, but this year is likely TO
prove q notable exception, The old dis
tultlng Issues are dead and cannot be
revived. FOR the more important issues
rcsUtirg from the war muse have first
attention. II Is practically certain also
that new sound currency measure wEi
pass EeNt winter; So that foronce in our
history the assembling Of Congress Is
likely 10 be more OF bui than bear
GrgumsE,.
The war has left on our hands some
Serious problems, which from this time
forward must largely occtspy public at
ien;ioR Il, is GIiiioult TO define the
charges with eXactu-s5 until after the
competition Of the labors OF the Peace
I, $500. The pulnl, however, on
which there is mos certainty is that
poG,O Rico VIZ become q permanent
par; OF the dominions OF the United
States The dlsposs. TO be finally made
Of Cuba canrOt az present be foresesn:
but ths first step may BE- eSpec,ed to be
Observation-Disclosures the Inhabitants in
sta'e Of probation with view Of as
certainlEg their capacity for peaceful
Fs.i-EgyetI..Teut aud, ihlS tute age be-
!lg under the auspices and protection
q III CnH=d States. Should that eN-
pertinent result satisfactorily, our gov
srrMgRt would dcIb iess be disposed to
Eespgc: the terms OF our Decoration Of
War BY giving Cuba Independence uu-
der United States p-OtectOrate.
By FAR the most Ciflicuit question,
however Is the disposition to be made
q yEc Philippines Islands. IN the respect
10 which uUt'h!ng is definitely stipulated.
LSga. opinion appears 10 incline TO the
VIEW that the recent victories OF General
Merritt viii not change the terms spect-
fed il the Peace Protocol. However,
this may be. II rests IL our power to
make Whatever disposal 0t the Islands
We may please; Tor should the Spanish
Commissioners reuse 10 accept our de-
nEEls. me peace conference would be q
failure, h0siliues would be resumed
and our arms would accomplish what
sya.n mad refused TO grant on the pre-
tense ma; We had conquered oEhy
sHli.. part OF the territory. AZ present
lie President appears TO be stIi! waiting
for iUa evidence of the sentiment OF the
American people on The question OF an
N-As GlS,ECl!R.s him 10 apprO-
pirate the whole group Of Is
!aE.5; but At sarns time he
may DC expected to follow the course
to which the majority OF public opinion
POINTS
Private wishes and opinions apart.
trsEr seems 10 be no doubt. from the
'peH SYMPTOMS Of public oplrl0n, While
taa; many meD u sober and conserva-
uFt Judgment are opposed 10 any thing
beypHL some smlG acquisitions for stra-
tSie puTpdsrE, yet a considerable ma
iJfiy OF the people AZ ,arge are enter
la!Hls positive Zee. rg In favor OF an
HtN.Es tie entlre archipelago. II seems
guile probable, therefore, that this may
BE- finally our demand Ia the Paris Con-
ference.
The prospective events are destined
20 arouse d trep Interest IN the public
NINA Tor The p-Xt few months, holding
a. ordinary issues IN slgbOrd,natiou and
I'".s.y producing some inlpOrtap;
ta"EEeE 10 pary policies II Is to be
6'p". ,hlt the ocCulatiOn OF the pub
.l wEd with the questions THAI appeal
:. llraameutai principles OF govern
mem aEI 20 our hghes; national am
b..pES. may have an eieyntng effect
L'"H TIE spirit o: rational politics and
s"a4 70 higher conceptions Of cur coun-
t.s Caasiny and to !Oftier IDEAS OF the
n----- M r-.rut -L.LLLLLn. ~ ~ ..-trLl n.