New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-07
BUSINESS OUTLOOK GOOD.
GENERAL SATISFACTION AT THE END OF
THE LIuD CONGRESS.
s,prrr MEN AND DRYGoODS MEN LOOK
FOR SPEEDY RESTORATION 'f
BUSINESS ACTIVITY.


o,rrrrp,,, during the life of the recent congress
appears 10 have passed away ana d 'o'"' ,
sentiment pervadcs the centres "he'e ' g.,
of the country done The adjourn. rnen' OF ON
gross has had a most gratifying eHec' uIo" 'N
oo,,o ard industries OF the country ana theie Is
now q disposition TO go ahead with business enter
prises which have been lifeless Tor months wv
that IT is not necessary to speculate upon "n"' ''
mex; move Of an incompetent and unpatr'o'c No',
press will be- the merchants. bankers oioheiS anu
moruracturers are able 10 devote time and money
TO the expansion Of their own and the country
prosperity. 80 five.
The adjournment of Congress has come as a ffsl
stem in 4 huge revival Of business. which must III
Tho course Of a few months, become apparent 10
every one People whose opinions are worthy Va
consideration predict that the wheels "t '''"'''!
will soon begin turn in their ohi-time way arr
improved railway earnings will show the reViVa"
The people who look upon the dark slde Oh every
situation are ready now 10 proclaim against re-
turn of confidence and business. and they point 10
the unfortunate railway earnings OF FEBRUARY d9
an indication of what is to come II must De re-
membered that February. with It's storms was an
extremely bad period for the railroads. ana the re-
turns Of earnings cannot be considered as fair
basis of the present earning power of the railroads.
RAILWAY EARNINGS WILL IMPROVE.
Improved railway earnings will be one of the
best factors ir restoring active stock market
and the bulls" in Wall Street believe that there
is every reason to expect increases in railway
earnings reports lrO' an ONti tht NVNt "i' i'i'''
favorable for good and other indications point
to a steady improvement in industries. which will
be reflected in railway reports Of increased earnings
An encouraging feature of the general situation as
reported brokers' Offices in Wall Street is the
inquiry from merchants in the city and elsewhere
for mercantile accommodation. The decrease in the
surplus reserve of the NewYork banks points to an
expansion in loans. and this is most favorable
symptom Of increasing business. The weekly bank
statement from now ought to show a Dig IN
in loans.
The Iron Age" for this week. in commenting
upon the situation. has this to say:
The whole business community has breathed a
ssh OF relief 6 Gy T the tn wacns the
opfsralGnS Of The sEndcate whis9 ,no nos ar
fetal bu, the conviction is general that gold ex-
ports will be prevented. Pessmiss urge that we
the stream which will rush greater food E.9
when the gates are thrown open IN hTsus y ut
they say, consolngly something iaVorao'e may '""
up between now and then.
WHAT BANKERS SAY.
Henry w. Cannon the president of the Chase Ma
,ional Bank said: "A feeling of great relief has
come to the business throughout the country
There will | believe. be no further legislation at
present and people will feel like expanding thelr
business. no immediate effect OF the ad-
journnent Of Congress and cannot speak about
the future. but l say that something has been
removed which has prevented trade from increas-
ing and people now go ahead and do business.
Brayton Ives. president Of the Western National
Bank said that the adjournment of Congress meant
the restoration Of confidence and he felt sure that
the relief experienced in the banking community
: pyer;the end of the recent Congress was the same
throughout the country.
Russell Sage, who has recently become bull
had this to say about the situation as regards the
stock market:
market at present The adjournment of Congress
Is OF advantage because II removes certain appre-
he
something more than negatives. ] think the next
Conditions for Winter wheat. 1t is Of the utmost
importance to the railway interests Of the country
through the winter WELL as it looks now though
BRING some disposition to buy after the grass gets
green Recovery from what we have been through.
however, cannot In the nature OF things De very
r. rapid.
AN EPETAPH FOR CONGRESS-
Henry Clews. whose remarks about the business
situation always read with relish. gave the fol-
lowing 'rteresin; observations concerning the ad-
journinen: OF Congress:
aid The LILO Congress has expired after lingering
illness withou, pain to any of is members but
stone should be inscribed it's melancholy record
it has left undone those things which IT ought TO
to have done. and there was no health In H. Thus
with such bright promise but owing to It's neglect:
ed opportunities and miserable ending, not soul
grave. With the adjournment OF Congress the
turn the better is inevitable. and each day here
dition Of business interests of this country for
prolonged period past is clearly traeeabe TO Wash
encSns and ara nd NO a Behind
lists a 0lr haye been t6oro%shy dscone We
have good reason to look forward to the prospect
OF good crops and u general improvement In bus!-
affairs.
John Talmage, OF the big rico firm OF Dan Tai
IMAGES Sons & Co., spoke about the adjournmen,
OF Congress and effect upon the rice business
follows:
The last week has been most active in inquiry
and tra1saeSns 9u.e gmei a'1rn TO In
of the Congress II las been suggested that tho
House OF Bishops might add 70 the htany From
~all sach Congresses the LIIId," etc. There car
be question but that such would call forth a
fervid response The only thing which seems &c
command universal commentator its taking
off"
IN THE DRYGOODS DISTRICT.
A Tribune reporter who talked with we,l-informed
and prominent engaged In business In the dry
goods district OF the city found that they were
unanimous in the belief that the outlook for GOO
spring trade was promising. Most of them declared
that there was reason for more confidence in bust
ness because the Lilo Congress had expired anC
could maze no more trouble. With prices lowe
than they ever had been before in the city. IL wa
said that sales were increasing and there was &C
tivity in every branch of trade
In the large drygoods house OF the H. b. Clafiii
COMPANY at Church and Worth SITS. TO which Gus
toners come from all parts OF the COUNTRY IT wa
said that the information given by buyers indicated
a revival OF business from Maine 10 California
MANY new firms are starting in business Customer
from the far West have declared that the produc
ton OF gold in the mining regions has been create
than usnal during the last year and that the in