The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-07-11
BUSINESS AFFAIRS.

Th. s,,nntIou in the stock AaTIst-rhs
CLIMAX Of War Anxiety RsuGhsd-Ehs
E,,..I Year we are En,srlng Upon Pro-
rnISss Unparalleled sutto"'
s1orIoI Correspondence Of Intelligeneer.
NEW YORK, July 9.-The course OF
the stock market during the past week
has been in some measure disappotnt;,
ING. II was pretty generally expected
TINT the disbursement OF the unusuhlIy
large July dividend and interest money
5VotIld bring into the market & constaes-
able amount for reinVestmenti put IL
,Dos overlooked that these disburse-
mcnts do not usually ma theu WY 80, "
thp stock exchange until after the Iapse
~ n lew DAYS. When the news came Oh
tbc destruction OF the Spanish heet az
SantIat,o, even then the market failed 70
chow any sharp response.
WheuEt theopenlnBo Of the eNchahge on
Tuesday Il was found that OUTSIDE ouy-
ing was not as responsive as expected,
thc Mig operators who had Over-bought
nreyIously awaited themselves OF the de-
nand that did exist TO supply It with
their long stocks. This alone was sutil-
CIcnt TO check what otherwise would
have been a rising market. The ten
Jency now Is to await the fall OF San
fIaRo and the effect It Is likely to have
IN causing Spain TO sue for peace: b,
The time for anxiety, for great MIL
Itary undertakings and for further large
drains upon our war resources mas pass
ed its climax; and the country may
therefore be expected to give us atteh-
ton less to the achievements OF conflict
and more to the pursuits of peace.
From this time forward, we may con-
ge1uently expect a steady elimination OF
abnormal elements from the financial
markets and u gradual return to natural
conditions. In proportion as we Rp-
proach the consummation OF these ten
denotes, we may expect q revival IN
every branch OF enterprise and an I'm
provement in value Of all good securl-
ties.
now entering promises to be one OF pros
pcrtty unparalleled In the history OF the
country. The tendencies toward Indus
trial recovery during the last six months
have been SO vigorous that the interview
ton of an important war and large In
crease OF taxation have scarcely pro-
duced any visible check upon business.
Everywhere throughout the country the
trade feeling is hopeful. our factories
are better employed than at any time
since 1892. The export trade is expand
ing faster than ever, and yet the falling
off In Imports shows that We are IN
creasIng our consumption Of home prod
ucts. The Indications OF the last two
years Of foreign trade point to our be-
coming q great creditor nation. The
present splendid crop prospects look to
another year OF foreign trade corre-
spondinE in its results to 1878. The
country is therefore naturally becoming
impressed as 1t never was before, with
tho consciousness OF Its power OF wealth,
It's productive resource and its ability to
compete with the great commercial ma
lions. All this must conduce to the Gre
alton OF a confidence in business circles
that will give fresh impulse to the pro-
ductlve energies OF the nation; and the
conclusion OF peace will only add to the
buoyancy thus In process OF develop
ment.
"Remerber the Maine has been our
war cry, and has warmed up our naval
ofIicers and sailors to a determination
10 avenge the foul, murderous disaster,
and they have done 1t well. Our naval
battles have been the most brilliant In
the worlds history. The credit IL due
10 the superiority OF the American sail
or What q contrast between their effi-
cheney and conduct and that Of the sea-
men Of La BourGoEnc," for instance.
The handwriting Is on the wall that We
are fast drifting TO the close OF the war.
Peace may now come any day. 1t Is
simply inevitable, as Spain must recog-
nlze the necessity OF It and cannot
therefore fail to sue for peace without
much delay. There should be no more
necessity for any more bloodshed, and
II spain compels It she is responsible for
every life lost hereafter on either side,
as II resolves itself into the crime Of
murder, HENRY CLEWs.