Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1900-07-01

themselves in patience for period, I'M
til the normal balance of production
and consumption is restored. In few
months, at the most, our markets ought
to again be in healthy condition.
Lower prices will quietly check Excess
sive output; and we may confidently
look forward to a more moderate and
more permanent period of prosperity
than the intoxicating experience OF
1899. T
This is an age of gigantic combina-
tions. We have experienced it in con-
nection with railroads and more re-
Gently on a larger scale still in the for
nation of Industrials, the amount of
which during the past year hes exceed
ed $5,000,000,000. All other combina-
lions, however, are for outdistanced for
vastness and uniqueness by the COM
binations of the world against China
the most populous nation on earth.
AS an evidence of this, the following
figures are convincing, showing the
population of the various countries
now united with the common object:
United States, 80,000,000; Germany, ST.
100000; France $4,000, 600; England,
40,000,000; Russia, 80,000,000; Japan.
45,000,0 600; total, 335,000,0U0, versus
400,000,000 Chinese. A successful ter
mination of this novel warfare it is
hoped will cause lasting union of
friendship between all the great overs
and thereby do away with any further
apprehension of future clashing of
arms between them. This would in
deed be the millennium.
The crop situation is not wholly sat-
isfactory. Prolonged drouth is report
ed in the northern sections of the spring
wheat section, while the southwestern
part of the country has suffered from
excessive rains Still, outside of spring
wheat, no serious damage has been
done, and the outlook in spite of such
damage is for ample crops in all the
staples 1t is altogether too soon to
take pessimistic views of the harvest,
which is weeks off, and just as likely
to be favored with good conditions the
remainder Of the season as with bad
or Indifferent conditions. The next
thing to be readjusted is the weather
The present cloud overhanging Wall
street Is too much rain in the cotton
country and too little in the spring
wheat belt, hence cotton and wheat
have had an immense advance, while
stocks, as a natural sequence, have had
a big turn the other way. II the rains
in the South will stop and break out in
the Northwest, the situation will soon
right itself-then healthy reactions will
speedily follow Wheat and cotton will
recede and stocks turn upward again.
1t is now, however, all dependent upon
the weather, which is beyond the con-
troll of any of the Wall street magnates
Providence alone controls. The thing
to do, therefore, is for operators TO get
in touch with the clerk OF the weather
for a safe guide. Better prices will
probably compensate the farmers as a
whole for any loss in yield, and the ac-
tivity with which grain has recently
been rushed to primary markets proves
that the farmers consider the present
a favorable opportunity for selling. Had
they faith in short crop scares they
would not be parting with their pro-
ducts so readily.
We continue to suggest caution re-
garding the market. Easy money, July
disbursements and improvement in the
Chinese situation will be some support
to the market, but the bears, strength
ened by recent successes, are still ag-
gressive; and, with the Kansas City
convention at hand and other unsatis-
factory conditions referred to above
still to be dealt with, the immediate
outlook is by no means positively clear.
In case of surprises values may be sub
ject TO sharp attacks; though on pro-
nounced breaks good stocks will prob
ably be purchase.
HENRY CLEWS.