ictum of Wall Street.
There are strong probabilities that the favorable showing will
continue. The anthracite coal production for 1889 foots up 35,200,000
tons, as against 38,145,718 tons for 1888. The distribution of soft
coal throughout the New England and Middle States for steam-raising
and general manufacturing purposes is gradually increasing. Last
week's distribution of Connellsville coke reached the unprecedented
figures of 125,000 tons. The production for the year foots up over
4,500,000 tons. The expansion and development of industries throughout
the Middle and Southern States continues, and hundreds of new
enterprises will take shape early in the spring. Iron and steel makers
are projecting new furnaces and mills in Pennsylvania, Ohio, Kentucky,
Tennessee and Alabama. Some forty or fifty cotton mills are projected
between Georgia and Texas. Mining companies representing fully forty
million dollars of capital--that is, actual working capital--will
begin operations this winter along the eastern slope of the Rocky
Mountains. Industrial and building activity will take a fresh start
upon the Pacific coast. Among the branches which will be developed
will be saw-mill and foundry building. Machinery, engines, castings of
all kinds, stoves and small iron and wood work are in great demand all
along the coast from the Columbia River to Los Angeles. A great deal
of capital and enterprise has been encouraged thither during 1889,
and, as a result, manufacturing is greatly stimulated. The Dominion
Government is also alive to the importance of developing relations
with Asiatic and other foreign countries, and ship-lines are projected
from its western seaports to foreign countries. Railroad-building is
also being greatly stimulated by private enterprise. A vast amount of
capital is drifting into the Rocky Mountain and Pacific coast regions
from Eastern cities, and a great empire is being built up there which
will be a source of wealth to those who obtain possession of land,
timber, minerals and manufacturing facilities before the general
enhancement of values takes place. The benefits originally
contemplated by the construction of the trans-continental roads are
now only being felt in their intensity. Irrigation companies, heavily
capitalized, are doing excellent work in reclaiming vast tracts which
geographers declared lost to all future utility. Mining engineers who
have made a very careful examination and survey of much West