The herald., 1895-06-14
LOCAL FIELD OF COMMERCE
Activity Abating in the Stock
Markets
OUTLOOK IN THE FAR EAST
Rising of a Tide That Will Lead On
to Fortune
Watch This Wave-The Next Decade viii
Surpass the Worlds Experience in
Industrial Progress
OUTLOOK IN THE FAR EAST

During the past week there has been a
slight slackeaing OF pace in the stock
market. Several causes have contributed
to the abatement of activity. During the
first half of the week considerable appre-
hension was felt that the portracted ex-
traordinary heat might work serious in
jury to the wheat crop; later, however,
these fears were relieved by more en-
couraging reports from some important
sections. and by an absence of discourag
ing news respecting the corn crop.
Doubts as to the dividends of $ me of the
granger roads had also tendency to
check buying and the hardness in bring
ing the bankrupt roads towards n settle
ment of their finances has had a like ef-
feet. London influences also have not
been helpful.
The speculative season. however, is
nearing stage when operators are apt to
reduce their lines or close their accounts
for summer absences. There is also some
disposition to defer operations until the
outcome of the harvest and the prospects
OF the cotton crop ere more clearly fore
shadowed. This. therefore, is scarcely
time for expecting any great revival OF
activity. Nevertheless, there seems to
be little probability that these prepara-
tions for the season of recreation will be
attended by any important sagging OF
future. and hope for higher prices after
due relaxation and when the improved
national conditions have had two or three
months of further development; and they
are. therefore, in no mood to accept lower
prices as consequence of tightening
their load. They, also see prospect of
improved railroad earnings and of settle
ments OF bankrupt roads during the sum.
mer, calculated to maintain prices.
The aspect of affairs in Europe is be-
coming steadily more assuring. The re-
vival of business which has set in on this
side the Atlantic has its counterpart
among the commercial nations on the
other side.
The readiness with which new invest
ments are now takens is plain evidence of a
broad and positive revival of credit. That
recover, means reinforcement of all the
forces of industry and enterprise and the
beginning of another decade of universal
prosperity. Reinforced, as that revival
will be, by the most advanced methods of
production, this coming ten years may
be expected to surpass everything in the
worlds experience in the way of indus
trial progress and commercial expansion.
Enterprising men will not stand still and
obviously watch this rising wave of pros
perity. Sagacious men will see in 1t the
beginnings of a tide that leads on to for.
tune and submit themselves to it's cur
rent.
1t is much to be hoped that European
politics are drifting towards more pacific
conditions. All the nations appear to
have wholesome dread of war, the more
so because their mutual interests have be-
come so closely interwoven that no two
can run into conflict without danger Of
the melee becoming general. 1t is by 10
means improbable that Japan's victory
may prove to be the occasion of an awak-
ening to commerce and development OF
the 300, O00 900 of dormant Chinese.
This outlook has it's value as affording
a groundwork oil confidence for the future
larger employments of capital and labor.