Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-03-27


w York, March 2l.-There are
ny good and sufficient reasons for
tg cheerful position regarding
tiae of the stock market. a few
ie.z may be briefly enumerated as
im
lelidence is certainly reviving.
saak slowly but surely emerging
Nae distress brought on by the
ais IS and grievously prolonged
" " iv sgitation. Stocks of mer-
4 llats Ave become so exhausted,
2 exceptions, by prolonged cur
nat Of production. that universal
irlion al the mills win be impera-
RnNon as the tariff fright Is over.
1aoi the tariff question, the man
Nfng situation is exceptionally
nPe, because wages and materi-
w over than usual, and the con-
le abilities OF the country have
N. sen impaired in any such degree
III productive abilities. The bust
a lination may be dismissed by the
Statement that It is exception
pand and improves daily.
= MII ~ HlblltA II hHHuIfu lNI HlnnAlH
a Rates are extraordinarily low
M PRO are no immediate prospects
W VI rates. Even the approaching
M ettlements, usually n period of
~ Ance, are attracting no atten-
nj his question of easy money Is
M 1poFtant factor, because It not
hclitates speculation but in the
rim encourages the demand for
a'.paying properties.
Aae Is a scarcity Of good rail-
hYestments In Europe, distrust
currency system having caused
Law return OF both stocks and
"a When this distrust is removed
satless 1t soon will be. a marked
IN the European demand for
seans" will inevitably follow
event of any pronounced revival
No or abroad in the demand fol
pa Investments. the supply would
md inadequate to the demand
On nlroad building In the United
UW has not, for five years past
Iace with the growth Of indus
- n population. In the East oul
NJ system is alone fully deyel
III tnt this Is far from true In SOM
nd Of the West
N, n Ne lndustrials have not been
as investments Even a
ldons they have caused create
- u sinnate losses to yenturesom
~ rss than railroads. There
. al ply more secrecy in management
~ tadltlons OF trusts" than
10 the case Of railroad CON
5 lntrlnsically the railroad is
B pl W tore tangible affair than III
and far less dependent upo
% within or skill. Unque'
y III eecnt experiments with IN
llif Investments will lead to II
Sla W favor OF railroad stocks an
eVeN immense properties al
4 81 eldefsolng the process OF REQ
--uon, The FIRST effect OF which WI
HI Greatly strengthen the railroa
20 Won sush securities are usual
uuated in strong hands, or al
81 very firmly held for bett'
ecfeases in earnings are steadi
Worth ~ smaller, and the earnii
The roads soon promises
= ~ rom the revival Of trade. l
YEA n .sonomies, chiefly for renewa
"a I1II..I ~ 1AAlfllASt ntk Nhi llii1R 49,
lRSlrlt 'snarkably well sustained; al
~ Of reduced dividends. viii
- the earlier decline IN VI
slowly disappearing. The
nate cutting and the openil
IA seuon have had a slightly a
"a .-sct; but these are elemer
i mel with about this season
m gold shipments have
+ II nus far; and at the nome
It' N|| \. outflow seems probable. III
II| eaHuring to those who are
''e on the subject; though
K q fact our banks could res
round amounts without a
' ,nlenee. In fact, were the !
.-Aon out of sight a lihc
reuld be welcome TO lend
ne stiffening OF money IA
tald follow.
veto Of the Bland bill v
settle the silver question
~ ~ iA as this administration
W Ihis Is not only the m
/ me nut the most encourag
/, ~ ~ IN, me whole situation. II Y
= <I# restore confidence In
IS - me government 10 malnt
Usruoh on a gold basis. but
restore American credit
81 y same the world over. a \
Bland bin viii do mi
s'slaet the effects Of "a
which have already d
,r.i summaHy Of favorable ar
n NHl" issq not be extended furtl
u W. - asainst them there Is II
|ar confidence and laci,
= 2 rs ability to prevent a 10
q. IN slues These are ohstal
II Alhot be overcome with
varf. evaporation, consequently