Several other interesting features also deserve
mention, among them the very strong probability of the establishment of
a larger number of banks daring 1890 than were established during 1889
or any previous year; the more rapid expansion of the building and loan
association system, particularly in the newer States; the increase in
the output of the gold and silver mines of the West and Southwest; the
opening-up of valuable coal-beds in many localities, which will tend to
the establishment of little industries; a great increase in the area of
land devoted to agriculture. Speaking generally, the agricultural
interests will be stimulated. Speaking prophetically, it is very
probable that prices will continue to advance, but by infinitesimal
degrees. Speaking conservatively and in the light of recent experience,
it is safe to assume and assert that production will be evenly gauged to
consumptive requirements. Those who have kept a close eye upon the
operations of manufacturers in all the leading channels recognize one
very gratifying feature, and that is, that they are protecting
themselves against unwarranted and unexpected advances in the cost of
their raw material by making purchases for future requirements, ranging
from three to six months. Users of cotton and wool are largely doing
this; so are users of iron ore and iron and steel, as well as users of
lumber, stone, cement and building material generally.
Pages:
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124