Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1904-09-23
is A CHANGE WANTED z
NO FEELING OF APPREHENSION
AMONG BUSINESS MEN
Assertion OF Candidate Davis Rented
by Reports from Democratic Sources
and by Figures from Trade and Com
merciai Reports.


mercial Reports.
Henry G. Davis said in his speech nc
cepting the Democratic nomination for
Vice President
THE APTREHENSION WHICH
NOW PREVAILS IN BUSINESS CIR.
CLBS AND THE PRESENT UNSAp
ISFACTORY INDUSTRIAL CONDI.
TIONS Or THE COUNTRY. SEEN
TO DEMAND A POLITICAL
CHANGE"
When MIR Davis said this his acute
wish to be the Vice President Of the
United States. through the success IL
November ~ the great party OF calani
ity. must have been the glad father u
this thought about apprehension in bisi.
ness circles" ahd unsatisfactory indus
trial conditions"
The accumulation by MIR. Davis Of an
enormous fortune 50 that he is now con.
sidered the richest mai in West Vir-
gina would naturally lead to the sup
position that he must he 10 touch with
conditions Ia all branches Of trade aud
IN the great markets of the country, aud
therefore ought not 70 stipN gross ignor.
a4ce u Developments ia the bnsiaess
world, such as bis sveech OF acceptance
showed
More Pro,p-rits for Davis.
Take the coal industry, for instance
ont Of which Mr. Davis has secured the
most Of his vast riches anl Oh which
he ought to be specially well posted
What is the present status " tiis in
dnstryf Does il reflect apprehension in
business circlcsY Docs il show forth IN
satisfactory Industrial eonditioasi The
Black Diamond. leading organ of tn
coal trade Ia its issue of Sept. .. re
viewing market conditions, says:
General trade conditions pertaining
10 coal are more encouraging this week
than they have been at any time within
the past six mouths Coal companies
which have beea keeping their expenses
down 10 as low limits rs possible during
the summer are beginning to expand.
They are taking OIL new travelling men.
preparing to Increase their Advertising
aud are making preparations which in
dicate that they expect large Volume
OF business from this time forward. This
confidence Ia itself is aa indication OF bet
ter Thugs IN The coal Trade. 1t shows
when il becomes general III the way it
has during he past fortnight that all the
principal factors in the situation are
gauging the outlook from obout the same
basis and that this IS q conservative one
In the bitumno1s list the great
improvement has occurred in domestic
Goals Early orders are coming in qliite
freely aud mark difference as compared
with the conditions which existed
month ago at this time
SIR. Ecxeis Secures Testimony.
The Commercial National Bank of
Chicago, whose president, James IL.
Eckels is on the finance committee OF
the national Democratic party and is
chairman of the Democratic State finance
committee OF Illinois, every year complies
comprehensive report as to business
conditions in the United States. The
bank this year addressed inquiries to
every bank and banker in forty-two OF
the leading cities and towns of the Unit
ed States. Replies were received from
1872 interior and city banks
These reports, published Aug 10, al
most without exception Indicated that
the banks are well prepared to finance
the maturing crops, The banks sum
mary of the reports says: I'm MANY
SECTIONS FARM LANDS ARE IN
CREASING IN VALUE. AND AL
MOST WITHOUT EXCEPTION
FARMERS ARE SAID TO BE PROS
Porous.
The prevailing condition OF trade at in
terror points is satisfactory, aud collec
tons are reported az good as last year.
Bankers report generally fair demand
for money, but none reported an excess
sive demand. Deposits now are station.
airy, but THE AGGREGATE
AMOUNT OF DEPOSITS HELD BY
COUNTRY BANKS Al PRESENT
is GREATLY IN EXCESS OF THE
AMOUNT HELD ONE YEAR AGO,
AND ESPECIALLY so IN THE
SOUTH"
Rise I'm the Stock Market.
When there is apprehension in bust
ness" the stock market is always quick
20 feel it, and To discount trouble. The
following review OF the recent course of
thu stock market is taken from leading
financial paper:
There has seldom been a period in
stock market history when such impor-
TAM net results have been accomplished
as during the month of August. Aver
age advances in August OF about nine
points have been added to average ad-
vances in July OF about three points.
There has been altogether a 12-pOint
lift in the market since July l, and yet
this very important appreciation has been
too gradual and even from day to day to
have aroused much public interest.
NEARLY every day during the last few
weeks the stock market has made new
high records for the year. Bat the ad-
vances have been non-sensational. There
has been nothing at all pyrotechnic about
them-nothing to suggest that as the
rocket shoots upward 50 will the stick
strike mother earth with a thud.
at is the aggregate Of small investors
who have lately been keeping quiet, but
saw.as wood, chat has given the market
its higher Impulse. The big upward
movement in stocks that was predicted
for after the elections has consequently
been rather prematurely forced. 1t has
come too quickly and quietly for either