New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-04-23
op,cBT BUSINESS OUTLOOK.
CONTRACTING VIEWS OF "ELL-lN-
~ FORMED. MEN.
pposPECTs-GAIN IN RAILROAD EARN
,xcs-rHE REPUBLICAN FINAN-

, pposPECTS-GA1N IN RAILROAD EARN
,xGs-THE REPUBLICAN FINAN-
CTAL POLICY.
~. hopeful view of the situation expressed by
'ne Gould in an interview reported IN
ee' r.,hrne Yesterday was generally lndorseu
Ine financial community. Information that
..rs,dered trustworthy was that the condi-
Vs' u,,nter wheat had materially Improved
ton ', ,ata were compiled for the last month
siho' '.,mont crop report Reports from usually
Eo'.aa sources were also to the effect that
Se"pO -.,oo 10 be PLANTED with spring wheat
INC rr would be large, and that, with sea-
anu -. weather the yield Of both OF these
SUI" would be as prolific as 1t was last year "A
e. PRODUCTION Of cotton than in 1879 was
,tor The substantial gain in railroad earn
as compared with year ago was Poi'''eu
10 ~. &C an unerring sign Of revival IN generai
.,rsss Tn, advance in pig iron and s'eei Dill
w. ras regarded as proof that the industries
N those things were finding so good mar
vs.. Tor their finished products as TO Keep up
~. -, asmand for the raw materials
r,s remarks Of a president or large Na'iohai
,,h a correspondence covering the en-
~. country portrayed the condition OF aHairs III
me -ohansive manner He said Il felt rather
,..,ondent about business conditions uhtl WIFI
,.., week or so. Now | am beginning to
80, decdedy hopeful. The fact Is that the ousi-
~, ~ the country has been nearer 10 aosoiute
"s., ho,,on, than most Of US have supposed
W. have laid too much stress on the unfavoraoie
,o,rres IN the situation on the theory thal
.,.orvuhere stocks of goods were large ana that
.orsaouently 1t would take long time ior pusi-
... "a ,muroye / am now convinced from what
= .as myself and from what l hear from our
..orcan,ile customers that this is not the case
c.ocrs ., far from being large all over the couh-
49,. ors decidedly small. and the increase that
a have seen in the last week or two IN retail
business has made a big hole in those STOCKS.
Merchants feel better because collections are
s.,,ar and there is a ready market for good paper
The country is in a stronger position because the
r,a..urr.is full of gold and imports are faiing
"a which will tend to prevent large adverse
hoIsnce calling Tor settlement in the exchange
narket Furthermore. there is no doubt, from
What hear that London has bought consider
able quantities Of our stocks ana o ,Us III 'Ne
last two weeks and is willing TO buy more.
"WAen we remember that these conditions eN-
let coincidently with a very low level Tor STOCK
market values, IL seems 10 me clear INA. '"eic
is a good deal to be said in favor OF pun mar
iet of reasonable proportions this summer. 40
NOT hesitate to say that, whereas month ago !
was anything but bull on securities. now ieei
reasonably confident that We shall see much bet
fer prices for them this summer.
George Rutledge Gibson expressed his opinions
as follows: Friends who by extended private
correspondence and inquiry have canvassed the
feelings and purposes of the controlling Repub-
iican powers inform me of their perfect faith
tina, the Republican National platform VIII de-
clare first for maintaining the present standard,
and second against free silver coinage except by
International agreement No doubts have been
thrown over our National policy of maintaining a
perfec; equality between our different forms OF
currency which equality implies the redemption
OF cur currency in gold when demanded. An ex-
plicit declaration that no departure from this
system will be allowed under Republican rule
would have an celebrating effect on the public
mind. Some persons declare that IL would have as
cheering an effect as the resumption Of specie
payments in 1879. which ushered in the boom
years Of lSst and 1881. That its effect on people
18th. means especially those residing abroad.
'ould be invigorating and stimulating admits of
:, doubt Indeed. tina; thought underlies the
sssnt stock market. If II does rot dominate IT,"
Henry Clews said: The most celebrating
thing next 10 the present amount Of ozone in the
air is the bright prospect that the platforms Of